National Healthcare (NHC) Operating Margin (2010 - 2026)
National Healthcare (NHC) reported Operating Margin of 8.45% for Q1 2026, down 6.0% on a YoY basis from 8.99% in Q1 2025, and up 7.6% quarter-over-quarter from 7.85% in Q4 2025.
National Healthcare (NHC) Operating Margin (2010 - 2026) Analysis & Trends
National Healthcare has reported Operating Margin for 17 years, with the latest figure 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.
- The five-year high for Operating Margin was 9.09% in Q2 2025, with the low at 8.24% in Q4 2022.
- Historically, Operating Margin has averaged 5.22% across 5 years, with a median of 6.07% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin plunged 461 bps — and 2023, when it jumped 1431 bps.
- National Healthcare's Operating Margin stood at 8.24% in 2022, then jumped by 174 bps to 6.07% in 2023, then grew by 15 bps to 7.0% in 2024, then rose by 12 bps to 7.85% in 2025, then climbed 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | -2.96% |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 24.14% |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 14.11% |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 3.76% |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 8.99% |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 11.19% |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 9,308.50% |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 12.86% |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 8.45% |
| 10 | National Healthcare | 3.15 Bn | 2.89 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% |