National Healthcare (NHC) Gross Margin (2010 - 2026)

National Healthcare (NHC) reported Gross Margin of 76.1% for Q1 2026, up 167.0% on a YoY basis from 28.5% in Q1 2025, and down 1.41% quarter-over-quarter from 77.2% in Q4 2025.

National Healthcare (NHC) Gross Margin (2010 - 2026) Analysis & Trends

National Healthcare has reported Gross Margin for 17 years, with the latest figure at 76.1% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 167.0% year-over-year to 76.1%; the trailing twelve-month figure through Mar 2026 stood at 75.74% (down 30.0% YoY), and the FY2025 full-year result was 75.15%, down 27.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 76.1%, down from 77.2% in the prior quarter.
  • The five-year high for Gross Margin was 79.83% in Q4 2024, with the low at 65.8% in Q4 2022.
  • Historically, Gross Margin has averaged 74.27% across 5 years, with a median of 74.01% in 2024.
  • Annual changes were most pronounced in 2022 — Gross Margin slumped 1213 bps — and 2023, when it surged 1313 bps.
  • National Healthcare's Gross Margin stood at 65.8% in 2022, then increased by 20 bps to 78.94% in 2023, then advanced by 1 bps to 79.83% in 2024, then declined by 3 bps to 77.2% in 2025, then decreased by 1 bps to 76.1% in 2026.
  • The last three Gross Margin figures came in at 76.1% (Q1 2026), 77.2% (Q4 2025), and 73.96% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 85.07%
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 82.10%
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 31.42%
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 84.75%
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 21.12%
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 71.44%
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn -18,654.20%
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 32.82%
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 24.35%
10 National Healthcare 3.15 Bn 2.89 Bn 290.58 Mn 76.10%

Historic Data

Download Data
DateValue
Mar 31, 2026 76.10%
Dec 31, 2025 77.20%
Sep 30, 2025 73.96%
Jun 30, 2025 75.48%
Mar 31, 2025 74.43%
Dec 31, 2024 79.83%
Sep 30, 2024 74.90%
Jun 30, 2024 74.01%
Mar 31, 2024 72.91%
Dec 31, 2023 78.94%
Sep 30, 2023 74.87%
Jun 30, 2023 72.84%
Mar 31, 2023 72.29%
Dec 31, 2022 65.80%
Sep 30, 2022 73.09%
Jun 30, 2022 72.58%
Mar 31, 2022 73.44%
Dec 31, 2021 77.93%
Sep 30, 2021 73.58%
Jun 30, 2021 75.31%