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NYSE · Health careNational Healthcare Corp (NHC)
National Healthcare Corp brought in $1.6B of revenue over the twelve months to September 30, 2026, up 5.6% from a year earlier. Net income was $114.7M, a net margin of 7.2%. Operating cash flow minus capital spending left $148.6M of free cash flow in fiscal 2025. At September 30, 2026 it held $66.8M in cash against $502.1M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about National Healthcare Corp
- Net worth
- National Healthcare Corp has a market value (market cap) of $3.3B at the latest share price, and shareholders' equity of $1.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.5B (+16.1% year on year), with net income of $120M. Over the 12 months to September 30, 2026: revenue $1.6B, net income $114.7M.
- Cash flow
- In fiscal 2025 operations brought in $185.1M of cash; after $36.4M of capital spending, free cash flow was $148.6M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- National Healthcare Corp's next report is expected around February 26, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- National Healthcare Corp declared dividends of $2.53 per share in fiscal 2025, a yield of 1.21% at the current price.
What National Healthcare Corp does
National Healthcare Corp is registered with the SEC under industry code SIC 8051 (Services-Skilled Nursing Care Facilities). Its shares trade on NYSE under the ticker NHC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.5B | $120M | $7.67 | $148.6M |
| 2024 | $1.3B | $101.9M | $6.53 | $79.7M |
| 2023 | $1.1B | $66.8M | $4.34 | $83.3M |
| 2022 | $1.1B | $22.4M | $1.45 | -$21.5M |
| 2021 | $1.1B | $138.6M | $8.99 | $23M |
| 2020 | $1B | $41.9M | $2.72 | $181.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NHC ranks in Health care
Dividends
National Healthcare Corp declared $2.53 per share in fiscal 2025. At the current price that is a yield of 1.21%. It paid out $38.7M in cash dividends, 32% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.53 | $38.7M | 32% |
| 2024 | $2.42 | $37M | 36% |
| 2023 | $2.34 | $35.6M | 53% |
| 2022 | $2.26 | $34.6M | 154% |
| 2021 | $2.11 | $32M | 23% |
| 2020 | $2.08 | $31.9M | 76% |
Latest SEC filings
What National Healthcare Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- November 6, 2026Other event 8-K
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 6.6% to $408M versus the same quarter last year; diluted EPS $0.85 versus $2.50.
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- August 11, 2026Other event 8-K
- August 11, 2026
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 8.8% to $408M versus the same quarter last year; diluted EPS $2.54 versus $1.52.
- July 27, 2026Passive stake (5% or more) SCHEDULE 13G
- July 1, 2026
- May 27, 2026
What is NHC worth? A DCF from its reported cash flow
Insider trades
What the people running National Healthcare Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $5.4M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 22, 2026 | Dodson Vicki LSr.VP Patient Srvcs | Sold | 4,834 | $1.1M |
| September 11, 2026 | Kidd Brian FSVP, CFO | Sold | 6,813 | $1.5M |
| September 10, 2026 | McCreary Josh ASenior VP & General Counsel | Sold | 571 | $127.2K |
| September 10, 2026 | McCreary Josh ASenior VP & General Counsel | Sold | 789 | $176.6K |
| September 10, 2026 | McCreary Josh ASenior VP & General Counsel | Sold | 1,291 | $290.6K |
| September 10, 2026 | McCreary Josh ASenior VP & General Counsel | Sold | 68 | $15.3K |
| August 28, 2026 | Flatt Ben Anderson SrSenior VP & CIO | Sold | 1,000 | $222.5K |
| August 25, 2026 | Flatt Ben Anderson SrSenior VP & CIO | Sold | 1,000 | $227K |
Who owns NHC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 5.11% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 248 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 1,975,785 | +80,535 |
| Morgan Stanley Institutional Investment Advisors LLC | 1,028,534 | -10,270 |
| Dimensional Fund Advisors LP | 929,692 | -17,285 |
| Vanguard Portfolio Management LLC | 809,224 | +19,803 |
| First Trust Advisors LP | 730,573 | +200,271 |
| Vanguard Capital Management LLC | 552,136 | +2,588 |
| State Street Corp | 526,732 | +35,157 |
| Geode Capital Management, LLC | 380,934 | +57,667 |
| Renaissance Technologies LLC | 299,717 | -35,800 |
| Invesco Ltd. | 175,290 | +25,094 |
| Charles Schwab Investment Management Inc | 174,335 | -4,263 |
| Northern Trust Corp | 145,179 | +8,468 |
| Bank of New York Mellon Corp | 122,320 | +2,367 |
| Systematic Financial Management LP | 109,086 | -7,162 |
| Arrowstreet Capital, Limited Partnership | 96,550 | +21,293 |
| Morgan Stanley | 93,536 | -14,276 |
| American Century Companies Inc | 92,933 | +3,317 |
| Alps Advisors Inc | 87,660 | -70,180 |
| Vanguard Fiduciary Trust Co | 84,971 | +4,802 |
| Hood River Capital Management LLC | 80,653 | +24,779 |
Insiders
14 insiders reported holding 625,620 shares in total, about $130.5M at the last price.
| Holder | Shares |
|---|---|
| Laroche Richard F JrDirector | 205,760 |
| Ussery Robert MichaelPresident & COO | 158,460 |
| Hassan Emil EDirector | 65,595 |
| Flatt Stephen FowlerCEO, Director | 65,487 |
| Abernathy James PaulDirector | 43,302 |
| Kidd Brian FSVP, CFO | 23,183 |
| Flatt Ben Anderson SrSenior VP & CIO | 15,636 |
| Adams Robert GDirector | 13,57913,579 held indirectly |
| Dodson Vicki LSr.VP Patient Srvcs | 10,726 |
| Trail Sandra Y.Director | 10,640 |
Questions about NHC
What does National Healthcare Corp do?
National Healthcare Corp is a company in the Health care sector, listed on NYSE as NHC. Its shares trade on NYSE under the ticker NHC.
What is National Healthcare Corp's net worth?
National Healthcare Corp has a market value (market cap) of $3.3B at the latest share price, and shareholders' equity of $1.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is National Healthcare Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $114.7M on revenue of $1.6B, a net margin of 7.2%.
How much revenue does National Healthcare Corp make?
Over the twelve months to September 30, 2026 National Healthcare Corp reported revenue of $1.6B. That is 5.6% more than a year earlier.
When did National Healthcare Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the quarterly results from November 6, 2026.
When is National Healthcare Corp's next earnings report?
National Healthcare Corp's next report is expected around February 26, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does National Healthcare Corp pay a dividend?
Yes. National Healthcare Corp declared dividends of $2.53 per share in fiscal 2025, a yield of 1.21% at the current price.
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Where the numbers come from
Financial figures are the values National Healthcare Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.