National Health Investors, Inc. (NHI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 115.86M | 106.55M | 89.85M | 90.66M | 89.3M | 85.75M | 82.94M | 84.97M | 81.51M | 79.47M | 80.11M | 77.88M | 82.39M | 70.67M | 76.3M | 59.9M | 71.33M | 69.67M | 73.83M | 74.33M |
| Revenue Growth % | 29.74% | 24.25% | 8.32% | 6.7% | 9.55% | 7.92% | 3.54% | 9.11% | -1.06% | 12.45% | 4.99% | 30.01% | 15.51% | 1.44% | 3.34% | -19.41% | -11.82% | -14.24% | -12.42% | -11.69% |
| Property Operating Expenses | 79.81M | 70.75M | 2.61M | 2.91M | 2.89M | 2.84M | 2.79M | 2.8M | 2.73M | 2.77M | 2.91M | 3.21M | 2.62M | 2.23M | 2.36M | 2.16M | 3.04M | 4.12M | 3.18M | 2.17M |
| Net Operating Income (NOI) | 36.05M | 35.8M | 87.24M | 87.75M | 86.41M | 82.91M | 80.16M | 82.17M | 78.78M | 76.69M | 77.2M | 74.66M | 79.77M | 68.44M | 73.94M | 57.74M | 68.29M | 65.55M | 70.65M | 72.16M |
| NOI Margin % | 31.12% | 33.6% | 97.1% | 96.79% | 96.77% | 96.68% | 96.64% | 96.7% | 96.65% | 96.51% | 96.37% | 95.88% | 96.82% | 96.84% | 96.91% | 96.4% | 95.74% | 94.09% | 95.69% | 97.07% |
| Operating Expenses | -16.35M | -14.45M | 43.16M | 39.09M | 38.53M | 40M | 33.65M | 33.01M | 33.51M | 31.95M | 32.06M | 32.15M | 33.37M | 32.47M | 31.83M | 32.5M | 28.44M | -315K | 24.05M | 25.66M |
| G&A Expenses | 0 | 0 | 6.45M | 7.22M | 8.26M | 5.83M | 5.05M | 5.04M | 5.88M | 5.07M | 4.5M | 4.48M | 5.78M | 5.18M | 4.83M | 5.39M | 9.93M | 3.9M | 3.77M | 3.55M |
| EBITDA | 76.82M | 72.62M | 64.3M | 68.58M | 67.03M | 61.59M | 64.28M | 66.65M | 62.77M | 61.85M | 62.65M | 60.24M | 64.01M | 53.27M | 59.64M | 43.02M | 58.12M | 85.16M | 66.64M | 66.89M |
| EBITDA Margin % | 66.3% | 68.16% | 71.56% | 75.64% | 75.07% | 71.82% | 77.5% | 78.44% | 77.01% | 77.84% | 78.21% | 77.36% | 77.7% | 75.38% | 78.17% | 71.81% | 81.48% | 122.24% | 90.26% | 89.99% |
| Depreciation & Amortization | 24.42M | 22.38M | 20.22M | 19.92M | 19.16M | 18.68M | 17.77M | 17.49M | 17.5M | 17.11M | 17.52M | 17.73M | 17.62M | 17.3M | 17.53M | 17.77M | 18.27M | 19.3M | 20.04M | 20.4M |
| D&A / Revenue % | 21.07% | 21% | 22.5% | 21.97% | 21.45% | 21.78% | 21.42% | 20.58% | 21.48% | 21.53% | 21.86% | 22.77% | 21.38% | 24.48% | 22.98% | 29.67% | 25.62% | 27.7% | 27.14% | 27.44% |
| Operating Income | 52.4M | 50.25M | 44.08M | 48.66M | 47.88M | 42.91M | 46.51M | 49.16M | 45.27M | 44.74M | 45.14M | 42.51M | 46.4M | 35.97M | 42.11M | 25.24M | 39.84M | 65.86M | 46.6M | 46.5M |
| Operating Margin % | 45.23% | 47.16% | 49.06% | 53.68% | 53.61% | 50.04% | 56.08% | 57.85% | 55.54% | 56.31% | 56.35% | 54.59% | 56.31% | 50.89% | 55.19% | 42.14% | 55.86% | 94.54% | 63.12% | 62.55% |
| Interest Expense | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 1000K | 0 | 0 |
| Interest Coverage | 3.64x | 3.83x | - | 3.61x | 3.29x | 4.05x | 2.83x | 3.50x | - | - | - | - | - | 1.13x | - | - | - | 1.48x | - | - |
| Non-Operating Income | -2.39M | -916K | -1.51M | -2.09M | 699K | -13.86M | 4.21M | 226K | 565K | -1.19M | 1.74M | -10.52M | -1.21M | 22.58M | -2.92M | -6.47M | 22.04M | 47.71M | 3.68M | 1.86M |
| Pretax Income | 39.75M | 37.8M | 32.48M | 36.69M | 33.82M | 42.74M | 28.24M | 34.95M | 30.66M | 31.8M | 29.03M | 39.45M | 34.18M | 1.56M | 34.23M | 21.47M | 8.25M | 6.5M | 30.85M | 39.23M |
| Pretax Margin % | 34.31% | 35.48% | 36.15% | 40.47% | 37.87% | 49.84% | 34.05% | 41.13% | 37.61% | 40.01% | 36.24% | 50.65% | 41.49% | 2.21% | 44.86% | 35.84% | 11.56% | 9.34% | 41.78% | 52.78% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | -45K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | -0.11% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 40.1M | 38.16M | 32.86M | 36.99M | 34.16M | 43.24M | 28.54M | 35.26M | 30.95M | 32.05M | 29.35M | 39.78M | 34.48M | 1.86M | 34.47M | 21.67M | 8.4M | 6.48M | 30.81M | 39.18M |
| Net Margin % | 34.61% | 35.82% | 36.58% | 40.8% | 38.26% | 50.43% | 34.41% | 41.49% | 37.97% | 40.33% | 36.63% | 51.08% | 41.86% | 2.64% | 45.18% | 36.18% | 11.78% | 9.3% | 41.73% | 52.71% |
| Net Income Growth % | 17.38% | -11.75% | 15.14% | 4.91% | 10.4% | 34.94% | -2.75% | -11.37% | -10.26% | 1620.13% | -14.86% | 83.54% | 310.57% | -71.24% | 11.86% | -44.69% | -76.23% | -82.56% | -27.66% | -11.69% |
| Funds From Operations (FFO) | 64.52M | 60.54M | 53.08M | 56.91M | 53.32M | 61.92M | 46.31M | 52.75M | 48.45M | 49.16M | 46.86M | 57.51M | 52.1M | 19.17M | 52M | 39.45M | 26.67M | 25.78M | 50.85M | 59.58M |
| FFO Margin % | 55.69% | 56.82% | 59.08% | 62.77% | 59.71% | 72.21% | 55.83% | 62.08% | 59.44% | 61.86% | 58.5% | 73.85% | 63.24% | 27.12% | 68.16% | 65.85% | 37.39% | 37% | 68.87% | 80.15% |
| FFO Growth % | 21% | -2.23% | 14.62% | 7.89% | 10.05% | 25.97% | -1.18% | -8.28% | -7% | 156.48% | -9.88% | 45.8% | 95.35% | -25.64% | 2.27% | -33.79% | -52.27% | -55.68% | -19.84% | -8.64% |
| FFO per Share | 1.33 | 1.29 | 1.11 | 1.22 | 1.16 | 1.36 | 1.05 | 1.21 | 1.12 | 1.13 | 1.08 | 1.33 | 1.20 | 0.44 | 1.17 | 0.86 | 0.58 | 0.56 | 1.11 | 1.30 |
| FFO Payout Ratio % | 68.88% | 72.39% | 80.49% | 73.85% | 77.11% | 63.4% | 84.43% | 74.09% | 80.63% | 79.48% | 83.37% | 67.9% | 74.95% | 203.75% | 77.29% | 104.61% | 154.72% | 160.1% | 81.15% | 84.84% |
| EPS (Diluted) | 0.82 | 0.80 | 0.69 | 0.79 | 0.74 | 0.95 | 0.65 | 0.81 | 0.71 | 0.74 | 0.68 | 0.92 | 0.18 | 0.04 | 0.78 | 0.25 | -0.03 | 0.14 | 0.67 | 0.85 |
| EPS Growth % | 10.81% | -15.79% | 6.15% | -2.47% | 4.23% | 28.38% | -4.41% | -11.96% | 294.44% | 1624.94% | -12.82% | 268% | 729.37% | -69.36% | 16.42% | -70.59% | -103.67% | -83.13% | -29.47% | -14.14% |
| EPS (Basic) | 0.83 | 0.80 | 0.69 | 0.79 | 0.75 | 0.96 | 0.66 | 0.81 | 0.71 | 0.74 | 0.68 | 0.92 | 0.18 | 0.04 | 0.78 | 0.25 | -0.03 | 0.14 | 0.67 | 0.85 |
| Diluted Shares Outstanding | 48.55M | 47.05M | 47.62M | 46.82M | 45.88M | 45.44M | 43.99M | 43.56M | 43.42M | 43.39M | 43.39M | 43.39M | 43.39M | 43.39M | 44.4M | 45.72M | 45.85M | 45.85M | 45.85M | 45.86M |