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Companies / Health Care / National HealthCare Corporation
NHC

National HealthCare Corporation

Health CareHealth Services
Ticker NHCMURFREESBORO, TNFiscal year ends DecemberBook value per share $70.95Diluted shares 15.8M

National HealthCare Corporation (NYSE: NHC) operates skilled nursing, assisted and independent living facilities, behavioral health hospitals, homecare and hospice agencies, and provides rehabilitation, memory care, pharmacy and managed care services. Its patients and residents include older adults and people needing… From the company’s description.

In fiscal 2025, National HealthCare Corporation reported revenue of $1.52B, up 16.1% from fiscal 2024, and net income of $122.61M. Its operating margin was 8.5%, and operations generated $185.08M in cash. Over the twelve months to Jun 30, 2026, revenue was $1.56B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.52BFY2025
+16.1% year over year
Last 12 mo $1.56B
8.46%FY2025
+1.9 percentage points
Last 12 mo 9.28%
$122.61MFY2025
+20.1% year over year
Last 12 mo $142.84M
11.23%FY2025
+0.8 percentage points
Last 12 mo 12.50%
Cash & financing
$185.08MFY2025
+72.5% year over year
Last 12 mo $188.81M
$148.63MFY2025
+86.5% year over year
Last 12 mo $146.53M
0.04FY2025
Was 0.14× a year earlier
Last 12 mo 0.00
15.6MFY2025
+0.3% year over year
Last 12 mo 15.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What National HealthCare Corporation does

In the company’s own words

National HealthCare Corporation (NYSE: NHC) operates skilled nursing, assisted and independent living facilities, behavioral health hospitals, homecare and hospice agencies, and provides rehabilitation, memory care, pharmacy and managed care services. Its patients and residents include older adults and people needing post-acute, nursing, rehabilitation, hospice or behavioral health care; it also supplies management, financial, insurance and rental services to third-party healthcare operators. NHC reports two operating segments: inpatient services, encompassing skilled nursing, assisted and independent living, and behavioral health; and homecare and hospice services. An “all other” category includes rental, management, accounting and insurance services and corporate costs. At December 31, 2025, the company operated in nine states and had 80 skilled nursing facilities, 26 assisted living facilities, nine independent living facilities, three behavioral health hospitals, 34 homecare agencies and 33 hospice agencies. It had 15,278 full- and part-time employees at year-end. Caris Healthcare is its hospice subsidiary, and NHC Advantage is its institutional special needs plan. Its website is www.nhccare.com.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
MURFREESBORO, TN
Fiscal year end
December
CIK
1047335
SIC
8051

Financial performance, year by year

Fiscal 2013–2025 · USD
$-155.90M$311.80M$779.51M$1.25B$1.71B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns National HealthCare Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

270
funds hold it
0 of 35
superinvestors hold it
$1.19B
held by funds, at market
38.2%
of shares held by funds

Largest fund holders · National HealthCare Corporation’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.14%of fund net assets
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY · First Trust Exchange-Traded Fund VI
1.19%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.08%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do National HealthCare Corporation and its peers compare on margins and cash generation over ten years?”
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