NHI · XBRL financial data
National Health Investors financial statements, every fiscal year
The same tables from 9 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (NHI's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 333 | 299 | 278 | 320 | 335 | 376 |
| Revenue from contracts with customers | 0 | 0 | 36 | 49 | 54 | 80 |
| General and administrative | 13 | 18 | 23 | 19 | 21 | 27 |
| Total operating expenses | 162 | 216 | 242 | 201 | 212 | 239 |
| Interest expense | 53 | 51 | 45 | 58 | 60 | 57 |
| Net income (loss) | 185 | 112 | 66 | 136 | 138 | 142 |
| Earnings per share, basic USD per share | 4.14 | 2.45 | 1.48 | 3.13 | 3.14 | 3.03 |
| Earnings per share, diluted USD per share | 4.14 | 2.44 | 1.48 | 3.13 | 3.13 | 3.02 |
| Weighted average shares, basic millions of shares | 45 | 46 | 45 | 43 | 44 | 47 |
| Weighted average shares, diluted millions of shares | 45 | 46 | 45 | 43 | 44 | 47 |
Balance sheet
CSVFiscal years (NHI's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 43 | 37 | 19 | 22 | 24 | 20 |
| Accounts receivable | 3 | 3 | 4 | — | — | — |
| Property and equipment, net | 2,667 | 2,318 | 2,118 | 2,107 | 2,211 | 2,474 |
| Right-of-use asset | — | — | 2 | 2 | 2 | 2 |
| Total assets | 3,120 | 2,839 | 2,507 | 2,488 | 2,614 | 2,797 |
| Total liabilities | 1,598 | 1,322 | 1,218 | 1,214 | 1,229 | 1,257 |
| Retained earnings | — | — | 2,331 | 2,467 | 2,605 | 2,747 |
| Total stockholders' equity | 1,512 | 1,507 | 1,270 | 1,254 | 1,366 | 1,522 |
| Total liabilities and equity | 3,120 | 2,839 | 2,507 | 2,488 | 2,614 | 2,797 |
| Common shares outstanding (cover page) millions of shares | 45 | 46 | 43 | 43 | 46 | 48 |
Cash flows
CSVFiscal years (NHI's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 185 | 112 | 66 | 136 | 138 | 142 |
| Stock-based compensation | 5 | 5 | — | — | — | — |
| Net cash from operating activities | 232 | 211 | 185 | 184 | 208 | 237 |
| Purchases of property and equipment | 117 | 50 | 11 | 50 | 158 | 294 |
| Net cash from investing activities | (90) | 185 | 198 | (12) | (192) | (269) |
| Proceeds from issuing common stock | 35 | 48 | 0 | 0 | 142 | 182 |
| Share repurchases | 0 | 0 | 152 | 0 | 0 | — |
| Dividends paid | 195 | 183 | 162 | 156 | 157 | 170 |
| Repayments of long-term debt | 44 | 293 | 135 | 415 | 75 | 201 |
| Net cash from financing activities | (112) | (403) | (401) | (170) | (14) | 26 |
| Net change in cash | 31 | (7) | (18) | 3 | 2 | (7) |
Compare with peers
SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| National Health Investors | 30 | 121 | 65* | 49.1M | 10-QJun 30, 2026 |
| Broadstone Net Lease | 12 | 122 | 88* | 192.0M | 10-QSep 30, 2026 |
| Dolby Laboratories | 669 | 305 | 167* | not reported | 10-QJun 26, 2026 |
| Four Corners Property Trust | 7.2 | 8 | 61* | 109.8M | 10-QSep 30, 2026 |
| Lineage | 58 | 1,361 | 311* | 227.7M | 10-QJun 30, 2026 |
| OUTFRONT Media | 31 | 523 | 108* | 176.1M | 10-QJun 30, 2026 |
| EagleRock Land | 62 | 42 | not reported | not reported | 10-QJun 30, 2026 |
| Blackstone Mortgage Trust | 512 | not reported | (18)* | 166.0M | 10-QSep 30, 2026 |
| Copt Defense Properties | 24 | 13 | not reported | 113.4M | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.