National Health Investors (NHI) Free Cash Flow (2009 - 2026)
National Health Investors (NHI) reported Free Cash Flow of -$52.0 million for Q1 2026, down 85.85% on a YoY basis from -$367.7 million in Q1 2025, and up 30.92% quarter-over-quarter from -$75.3 million in Q4 2025.
National Health Investors (NHI) Free Cash Flow (2009 - 2026) Analysis & Trends
National Health Investors has reported Free Cash Flow for 18 years, with the latest figure at -$52.0 million in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow fell 85.85% year-over-year to -$52.0 million; the trailing twelve-month figure through Mar 2026 stood at -$61.5 million (down 7726.64% YoY), and the FY2025 full-year result was -$37.5 million, down 153.86% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$52.0 million, up from -$75.3 million in the prior quarter.
- The five-year high for Free Cash Flow was $62.5 million in Q3 2025, with the low at -$75.3 million in Q4 2025.
- Historically, Free Cash Flow has averaged $18.3 million across 5 years, with a median of $40.8 million in 2024.
- Annual changes were most pronounced in 2022 — Free Cash Flow jumped 2041.46% — and 2024, when it sank 232.87%.
- National Health Investors' Free Cash Flow stood at $46.9 million in 2022, then increased by 13.48% to $53.2 million in 2023, then slumped by 232.87% 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 | 144.82 Bn | 141.05 Bn | 1.30 Bn | 565.24 Mn |
| 2 | Ventas | 39.06 Bn | 38.93 Bn | 1.65 Bn | 321.64 Mn |
| 3 | Healthpeak Properties | 13.76 Bn | 14.32 Bn | - | 118.75 Mn |
| 4 | Omega Healthcare Investors | 12.86 Bn | 13.12 Bn | - | 211.44 Mn |
| 5 | American Healthcare REIT | 8.89 Bn | 8.81 Bn | 97.60 Mn | 42.75 Mn |
| 6 | CareTrust REIT | 8.47 Bn | 8.48 Bn | - | 90.37 Mn |
| 7 | Healthcare Realty Trust | 6.83 Bn | 6.83 Bn | - | 52.88 Mn |
| 8 | National Health Investors | 3.40 Bn | 3.41 Bn | - | -52.05 Mn |
| 9 | Diversified Healthcare Trust | 2.05 Bn | 1.93 Bn | 304.41 Mn | -26.82 Mn |
| 10 | Ltc Properties | 1.75 Bn | 1.82 Bn | - | 28.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 53.20 Mn |
| Dec 31, 2023 | 53.20 Mn |