Inpatient Services was National Healthcare’s largest segment in fiscal 2025, bringing in $1.32B of $1.52B (87%).
| Segment | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Inpatient Services | $911.82M | $957.22M | $1.11B | $1.32B | |||||||
| Homecare Services | $128.85M | $131.54M | $140.46M | $154.09M | |||||||
| Segment Reporting, Reconciling Item, Corporate Nonsegment | $45.06M | $52.79M | $54.31M | $46.68M | |||||||
| Other Segments | — | — | — | — | |||||||
| Total | $1.09B | $1.14B | $1.31B | $1.52B |
National Healthcare brought in $1.52B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 16.1% from $1.31B in fiscal 2024. Inpatient Services was the largest at $1.32B (86.8%), ahead of Homecare Services at $154.09M (10.2%) and Segment Reporting, Reconciling Item, Corporate Nonsegment at $46.68M (3.1%).
Compared with fiscal 2024, Inpatient Services grew fastest, up 18.4% to $1.32B, while Segment Reporting, Reconciling Item, Corporate Nonsegment fell the most, down 14.0% to $46.68M. From fiscal 2022 to 2025, combined revenue from these segments grew from $1.09B to $1.52B, a compound annual growth rate of 11.8%. Inpatient Services' share of the total rose from 84.0% to 86.8%.
Previously Reported was National Healthcare’s largest revenue line in fiscal 2012, bringing in $761.26M of $761.00M (100%).
| Adjustments for New Accounting Pronouncements | FY 2011 | FY 2012 |
|---|---|---|
| Previously Reported | $773.54M | $761.26M |
| Adjustments For New Accounting Pronouncement | -$295.00K | -$260.00K |
| Total | $773.24M | $761.00M |
National Healthcare brought in $761.00M from its two revenue lines in fiscal 2012, the year ended December 31, 2012. That was down 1.6% from $773.24M in fiscal 2011. Previously Reported was the largest at $761.26M (100.0%).
The total is net of Adjustments For New Accounting Pronouncement, which took $260.00K off revenue in fiscal 2012.
Previously Reported was National Healthcare’s largest revenue line in fiscal 2016, bringing in $926.64M of $923.58M (100%).
| Restatement | FY 2016 |
|---|---|
| Previously Reported | $926.64M |
| Restatement Adjustment | -$3.06M |
| Total | $923.58M |
National Healthcare brought in $923.58M from its two revenue lines in fiscal 2016, the year ended December 31, 2016. Previously Reported was the largest at $926.64M (100.3%).
The total is net of Restatement Adjustment, which took $3.06M off revenue in fiscal 2016.
National Healthcare (NHC) reports its revenue by segment, by adjustments for new accounting pronouncements and by restatement. In fiscal 2025, Inpatient Services was its largest segment, bringing in $1.32B (86.8% of the total), followed by Homecare Services at $154.09M (10.2%).
Inpatient Services was National Healthcare's largest segment in fiscal 2025, bringing in $1.32B, or 86.8% of the $1.52B total across its three segments.
Previously Reported was National Healthcare's largest revenue line in fiscal 2012, bringing in $761.26M, or 100.0% of the $761.00M total across its two revenue lines.
Among National Healthcare's segments that make up at least 2% of revenue, Inpatient Services grew fastest in fiscal 2025, up 18.4% from $1.11B to $1.32B.
Every figure comes from National Healthcare's annual financial filings, as reported. Each line keeps the name National Healthcare gives it, and years follow its fiscal calendar.
National Healthcare's revenue by segment goes back to fiscal 2015, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.