National Healthcare (NHC) Operating Margin (2010 - 2026)
National Healthcare posted quarterly Operating Margin of 8.45% for Q1 2026, down 6.0% year-on-year from 8.99% in Q1 2025, and up 7.6% on a QoQ basis from 7.85% in Q4 2025.
National Healthcare (NHC) has 17 years of Operating Margin data on file, last reported at 8.45% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 6.0% year-over-year to 8.45%; the trailing twelve-month figure through Mar 2026 stood at 8.38% (up 90.0% YoY), and the FY2025 full-year result was 8.46%, up 158.0% from the prior year.
- Operating Margin for Q1 2026 stood at 8.45%, up from 7.85% in the prior quarter.
- Across five years, Operating Margin topped out at 9.09% in Q2 2025 and bottomed at 8.24% in Q4 2022.
- The 5-year median for Operating Margin is 6.07% (2023), against an average of 5.22%.
- The widest annual swing landed in 2022, when Operating Margin slumped 461 bps; it then jumped 1431 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 8.24% in 2022, then surged by 174 bps to 6.07% in 2023, then increased by 15 bps to 7.0% in 2024, then gained by 12 bps to 7.85% in 2025, then grew by 8 bps to 8.45% in 2026.
- The last three Operating Margin figures came in at 8.45% (Q1 2026), 7.85% (Q4 2025), and 8.19% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | -2.96% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 24.14% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 14.11% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 3.76% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 8.99% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 11.19% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 0.01% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 12.86% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 8.45% |
| 10 | National Healthcare | 2.87 Bn | 2.61 Bn | 290.58 Mn | 8.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.45% |
| Dec 31, 2025 | 7.85% |
| Sep 30, 2025 | 8.19% |
| Jun 30, 2025 | 9.09% |
| Mar 31, 2025 | 8.51% |
| Dec 31, 2024 | 7.00% |
| Sep 30, 2024 | 6.93% |
| Jun 30, 2024 | 7.49% |
| Mar 31, 2024 | 5.48% |
| Dec 31, 2023 | 6.07% |
| Sep 30, 2023 | 4.51% |
| Jun 30, 2023 | 5.18% |
| Mar 31, 2023 | 3.88% |
| Dec 31, 2022 | -8.24% |
| Sep 30, 2022 | 1.51% |
| Jun 30, 2022 | 1.75% |
| Mar 31, 2022 | 5.10% |
| Dec 31, 2021 | -3.62% |
| Sep 30, 2021 | 4.61% |
| Jun 30, 2021 | 5.24% |
| Mar 31, 2021 | 6.07% |
| Dec 31, 2020 | -9.38% |
| Sep 30, 2020 | 2.80% |
| Jun 30, 2020 | 5.56% |
| Mar 31, 2020 | 6.47% |
| Dec 31, 2019 | 6.50% |
| Sep 30, 2019 | 2.66% |
| Jun 30, 2019 | 4.33% |
| Mar 31, 2019 | 6.68% |
| Dec 31, 2018 | 6.91% |
| Sep 30, 2018 | 4.40% |
| Jun 30, 2018 | 5.02% |
| Mar 31, 2018 | 6.54% |
| Dec 31, 2017 | 6.63% |
| Sep 30, 2017 | 4.06% |
| Jun 30, 2017 | 5.09% |
| Mar 31, 2017 | 6.65% |
| Dec 31, 2016 | 7.43% |
| Sep 30, 2016 | 4.58% |
| Jun 30, 2016 | 6.43% |
| Mar 31, 2016 | 7.68% |
| Dec 31, 2015 | 8.65% |
| Sep 30, 2015 | 6.11% |
| Jun 30, 2015 | 6.98% |
| Mar 31, 2015 | 7.84% |
| Dec 31, 2014 | 8.93% |
| Sep 30, 2014 | 6.75% |
| Jun 30, 2014 | 7.43% |
| Mar 31, 2014 | 8.07% |
| Dec 31, 2013 | 9.58% |
| Sep 30, 2013 | 9.84% |
| Jun 30, 2013 | 8.85% |
| Mar 31, 2013 | 8.23% |
| Dec 31, 2012 | 10.58% |
| Sep 30, 2012 | 8.77% |
| Jun 30, 2012 | 8.73% |
| Mar 31, 2012 | 7.74% |
| Dec 31, 2011 | 8.55% |
| Sep 30, 2011 | 9.11% |
| Jun 30, 2011 | 8.93% |
| Mar 31, 2011 | 13.41% |
| Dec 31, 2010 | -9.49% |
| Sep 30, 2010 | 7.99% |
| Jun 30, 2010 | 8.26% |