National Health Investors, Inc. (NHI) Earnings History
Annual and quarterly earnings data from 1991 to 2025
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NHI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NHI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 36.7% | 51.5% | 37.6% |
| 2024 | 96.7% | 54.9% | 41.2% |
| 2023 | 96.4% | 55.9% | 42.4% |
| 2022 | 96.5% | 47.7% | 23.9% |
| 2021 | 96.1% | 62.0% | 37.4% |
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National Health Investors, Inc. (NHI) Earnings Overview
As of May 6, 2026, National Health Investors, Inc. (NHI) reported trailing twelve-month net income of $148M, reflecting -3.5% year-over-year growth. The company earned $3.05 per diluted share over the past four quarters, with a net profit margin of 37.6%.
Looking at the long-term picture, NHI's 5-year EPS compound annual growth rate (CAGR) stands at -0.1%, signaling declining earnings. The company achieved its highest annual net income of $185M in fiscal 2020.
National Health Investors, Inc. maintains industry-leading profitability with a gross margin of 36.7%, operating margin of 51.5%, and net margin of 37.6%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including OHI ($632M net income, 49.3% margin), SBRA ($156M net income, 20.1% margin), LTC ($118M net income, 44.9% margin), NHI has room to improve margins relative to the peer group. Compare NHI vs OHI →
NHI Earnings vs Peers
Earnings metrics vs comparable public companies
NHI Historical Earnings Data (1991–2025)
35 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $142M | +3.0% | $195M | $3.02 | 37.6% | 51.5% |
| 2024 | $138M | +1.7% | $184M | $3.13 | 41.2% | 54.9% |
| 2023 | $136M | +104.3% | $179M | $3.13 | 42.4% | 55.9% |
| 2022 | $66M | -40.6% | $133M | $0.51 | 23.9% | 47.7% |
| 2021 | $112M | -39.6% | $185M | $1.36 | 37.4% | 62.0% |
| 2020 | $185M | +15.4% | $225M | $3.03 | 55.6% | 67.6% |
| 2019 | $160M | +4.0% | $220M | $2.38 | 50.4% | 69.2% |
| 2018 | $154M | -3.2% | $209M | $3.67 | 52.4% | 71.0% |
| 2017 | $159M | +5.2% | $198M | $3.87 | 57.2% | 71.0% |
| 2016 | $152M | +1.8% | $178M | $3.87 | 61.0% | 71.5% |
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Start ComparisonNHI — Frequently Asked Questions
Quick answers to the most common questions about buying NHI stock.
Is NHI growing earnings?
NHI EPS of $3.05 reflects slowing growth at -3.5%, below the 5-year CAGR of -0.1%. TTM net income is $148M. Expansion rate has moderated.
What are NHI's profit margins?
National Health Investors, Inc. net margin is +37.6%, with operating margin at +51.5%. Above-average margins indicate pricing power.
How consistent are NHI's earnings?
NHI earnings data spans 1991-2025. The current earnings trend is -3.5% YoY. Historical data enables comparison across business cycles.