National Healthcare (NHC) Gross Margin (2010 - 2026)
National Healthcare posted quarterly Gross Margin of 76.1% for Q1 2026, up 167.0% year-on-year from 28.5% in Q1 2025, and down 1.41% on a QoQ basis from 77.2% in Q4 2025.
National Healthcare (NHC) has 17 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 79.83% in Q4 2024 and bottomed at 65.8% in Q4 2022.
- The 5-year median for Gross Margin is 74.01% (2024), against an average of 74.27%.
- The widest annual swing landed in 2022, when Gross Margin plunged 1213 bps; it then surged 1313 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 65.8% in 2022, then rose by 20 bps to 78.94% in 2023, then climbed by 1 bps to 79.83% in 2024, then fell by 3 bps to 77.2% in 2025, then slipped 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 | 84.64 Bn | 87.02 Bn | 16.26 Bn | 85.07% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 82.10% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 31.42% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 84.75% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 21.12% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 71.44% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 99.98% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 32.82% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 24.35% |
| 10 | National Healthcare | 2.87 Bn | 2.61 Bn | 290.58 Mn | 76.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2021 | 73.65% |
| Dec 31, 2020 | 76.24% |
| Sep 30, 2020 | 71.72% |
| Jun 30, 2020 | 68.60% |
| Mar 31, 2020 | 70.64% |
| Dec 31, 2019 | 74.52% |
| Sep 30, 2019 | 72.99% |
| Jun 30, 2019 | 71.27% |
| Mar 31, 2019 | 70.59% |
| Dec 31, 2018 | 75.18% |
| Sep 30, 2018 | 73.81% |
| Jun 30, 2018 | 74.15% |
| Mar 31, 2018 | 73.18% |
| Dec 31, 2017 | 75.11% |
| Sep 30, 2017 | 73.78% |
| Jun 30, 2017 | 73.99% |
| Mar 31, 2017 | 73.51% |
| Dec 31, 2016 | 77.65% |
| Sep 30, 2016 | 74.51% |
| Jun 30, 2016 | 74.84% |
| Mar 31, 2016 | 73.30% |
| Dec 31, 2015 | 77.24% |
| Sep 30, 2015 | 74.88% |
| Jun 30, 2015 | 74.45% |
| Mar 31, 2015 | 73.14% |
| Dec 31, 2014 | 77.76% |
| Sep 30, 2014 | 74.63% |
| Jun 30, 2014 | 74.28% |
| Mar 31, 2014 | 73.52% |
| Dec 31, 2013 | 77.71% |
| Sep 30, 2013 | 76.63% |
| Jun 30, 2013 | 74.62% |
| Mar 31, 2013 | 72.01% |
| Dec 31, 2012 | 75.79% |
| Sep 30, 2012 | 74.37% |
| Jun 30, 2012 | 73.77% |
| Mar 31, 2012 | 72.89% |
| Dec 31, 2011 | 74.81% |
| Sep 30, 2011 | 72.19% |
| Jun 30, 2011 | 72.80% |
| Mar 31, 2011 | 78.55% |
| Dec 31, 2010 | 62.65% |
| Sep 30, 2010 | 72.39% |
| Jun 30, 2010 | 72.67% |