National Health Investors (NHI) Free Cash Flow (2009 - 2026)
National Health Investors' (NHI) quarterly Free Cash Flow came in at -$52.0 million in Q1 2026, down 85.85% YoY from -$367.7 million in Q1 2025, and up 30.92% on a QoQ basis from -$75.3 million in Q4 2025.
National Health Investors (NHI) Free Cash Flow (2009 - 2026) Analysis & Trends
National Health Investors (NHI) has 18 years of Free Cash Flow data on file, last reported at -$52.0 million in Q1 2026.
- Quarterly Free Cash Flow fell 85.85% year-over-year to -$52.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$61.5 million (down 7726.64% YoY) and the FY2025 annual result came in at -$37.5 million, down 153.86% from the prior year.
- Free Cash Flow improved to -$52.0 million in Q1 2026, from -$75.3 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $85.2 million in Q3 2023 to a low of -$75.3 million in Q4 2025.
- A 5-year average of $18.0 million and a median of $38.7 million in 2022 frame the typical range for Free Cash Flow.
- The widest YoY moves for Free Cash Flow: up 279.62% in 2024, down 499.35% in 2024.
- Tracing NHI's Free Cash Flow over 5 years: stood at $40.5 million in 2022, then slumped by 56.32% to $17.7 million in 2023, then slumped by 499.35% to -$70.7 million in 2024, then fell by 6.59% to -$75.3 million in 2025, then jumped by 30.92% to -$52.0 million in 2026.
- The last three Free Cash Flow figures came in at -$52.0 million (Q1 2026), -$75.3 million (Q4 2025), and $62.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 170.16 Bn | 168.19 Bn | 1.39 Bn | 684.33 Mn |
| 2 | Ventas | 45.72 Bn | 45.52 Bn | 1.73 Bn | -920.75 Mn |
| 3 | Healthpeak Properties | 14.71 Bn | 14.71 Bn | - | 204.07 Mn |
| 4 | Omega Healthcare Investors | 13.94 Bn | 13.94 Bn | - | 116.61 Mn |
| 5 | American Healthcare REIT | 10.81 Bn | 10.62 Bn | 149.41 Mn | 73.10 Mn |
| 6 | CareTrust REIT | 9.28 Bn | 9.28 Bn | - | -260.65 Mn |
| 7 | Healthcare Realty Trust | 6.64 Bn | 6.64 Bn | - | 72.39 Mn |
| 8 | Sabra Health Care REIT | 5.14 Bn | 5.14 Bn | - | -110.61 Mn |
| 9 | Diversified Healthcare Trust | 4.55 Bn | 4.43 Bn | 298.67 Mn | 14.20 Mn |
| 10 | National Health Investors | 3.56 Bn | 3.56 Bn | - | -59.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -59.43 Mn |
| Jun 30, 2026 | -59.43 Mn |
| Mar 31, 2026 | -52.05 Mn |
| Mar 31, 2026 | -52.05 Mn |
| Dec 31, 2025 | -75.35 Mn |
| Dec 31, 2025 | -75.35 Mn |
| Sep 30, 2025 | 62.53 Mn |
| Sep 30, 2025 | 62.53 Mn |
| Jun 30, 2025 | 3.32 Mn |
| Jun 30, 2025 | 3.32 Mn |
| Mar 31, 2025 | -28.01 Mn |
| Mar 31, 2025 | -28.01 Mn |
| Dec 31, 2024 | -70.69 Mn |
| Dec 31, 2024 | -70.69 Mn |
| Sep 30, 2024 | 48.63 Mn |
| Sep 30, 2024 | 48.63 Mn |
| Jun 30, 2024 | 50.87 Mn |
| Jun 30, 2024 | 50.87 Mn |
| Mar 31, 2024 | 40.83 Mn |
| Mar 31, 2024 | 40.83 Mn |