{ "ok": true, "cik": "1047335", "ticker": "NHC", "name": "NATIONAL HEALTHCARE CORP", "filings": [ { "form": "8-K", "filed": "2026-08-11", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1047335/000143774926026960/0001437749-26-026960-index.htm" }, { "form": "8-K", "filed": "2026-08-11", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1047335/000143774926026957/0001437749-26-026957-index.htm" }, { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1047335/000143774926026199/0001437749-26-026199-index.htm" }, { "form": "8-K", "filed": "2026-07-01", "items": [ "1.01 Entry into a Material Definitive Agreement", "1.02 Termination of a Material Definitive Agreement", "2.01 Completion of Acquisition or Disposition of Assets", "2.03 Creation of a Direct Financial Obligation", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1047335/000143774926022306/0001437749-26-022306-index.htm" }, { "form": "8-K", "filed": "2026-05-27", "items": [ "1.01 Entry into a Material Definitive Agreement", "1.02 Termination of a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1047335/000143774926018604/0001437749-26-018604-index.htm" }, { "form": "8-K", "filed": "2026-05-15", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1047335/000143774926017374/0001437749-26-017374-index.htm" } ], "events12m": 15, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-02-17", "url": "https://www.sec.gov/Archives/edgar/data/1047335/000143774926004270/0001437749-26-004270-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001047335.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1047335" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up NATIONAL HEALTHCARE CORP ($NHC). Last filing: 8-K (8.01 Other Events), 2026-08-11. 15 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2025-04-08.", "auditor": { "changes": [ { "filed": "2025-04-08", "url": "https://www.sec.gov/Archives/edgar/data/1047335/000143774925011399/0001437749-25-011399-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 1517781000, "revenueGrowth1y": 0.16093154104921137, "revenueGrowthPerYear": 0.09023641024438245, "yearsOfData": 5, "operatingMargin": 0.08456555985349665, "operatingMarginPrior": 0.06875955153122806, "netMargin": 0.08077976994045913, "operatingCashFlow": 185078000, "capitalSpending": 36446000, "freeCashFlow": 148632000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 92829000, "longTermDebt": 40000000, "longTermDebtChange": -0.708029197080292, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 1074302000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 1085738000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 1141544000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 1307382000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 1517781000 } ], "totalEquity": 1068772000, "totalAssets": 1526419000, "equityRatio": 0.7001825842052543, "returnOnEquity": 0.11471670290763605, "dividendsPaid": 38704000, "payoutRatio": 0.3156778624210887, "dividendPerShare": 2.53, "dividendYearsRising": 12, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 7.76, "sharesOutstanding": 15646338, "bookValuePerShare": 68.30812423967832, "revenuePerShare": 97.00551017113398, "range80": { "low": 1513856883.6578918, "high": 1886386129.412554, "baseline": 1729562824.6400816, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.06692086623116844, "classVolatility": 0.07701947805587882, "volatility": 0.07214708011115191 }, "ifPaceHeld": { "low": 1513856883.6578918, "high": 1886386129.412554 } }, "edgarette": "🔖 Exposure: revenue $1.5B (FY2025), total debt $40.0M. Experience: revenue up 16.1% on the year, up 9.0% a year over 4 years; operating margin 8.5%, up from 6.9%. Soundness: equity 70.0% of assets, return on equity 11.5%, payout 31.6% of profit, dividend per share up 12 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.5B and $1.9B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $1.4B to $2.0B. A statistical range, not company guidance. Against peers (54 filers, $50M+ revenue, its industry group): operating margin 8.5% against a 2.0% median; growth 16.1% against 13.0%.", "peers": { "sic": 8051, "sicDescription": "Services-Skilled Nursing Care Facilities", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "80", "growth": [ 0.1303, 61 ], "opMargin": [ 0.0199, 54 ], "equityRatio": [ 0.4419, 59 ], "returnOnEquity": [ 0.0155, 49 ], "payoutRatio": [ 0.1928, 13 ] }, "summary": "National Healthcare (NHC) grew revenue 16.1% in FY2025 to $1.5 billion, operating margin 8.5% against a 2.0% median for services-skilled nursing care facilities, equity 70.0% of assets, and dividend per share up 12 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
NATIONAL HEALTHCARE CORP against its own record and its peers
Operating marginPeer median 2.0%8.5%Revenue, on the yearPeer median 13.0%16.1%Equity of assetsPeer median 44.2%70.0%Return on equityPeer median 1.6%11.5%Payout of profitPeer median 19.3%31.6%Gold tick: the median of 13–59 peers with $50M+ revenue in services-skilled nursing care facilities
", "chartHorizon": "
Handed back now, or kept to compound · of each dollar of profit
31.6% paid out68.4% keptHanded back per share$2.53up 12 years runningGrowth its own profit can fund7.9%managed 16.1% last year

Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 6, "hits": 5, "rate": 0.8333333333333334, "method": "v4", "byYear": { "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T21:23:01.599Z", "hash": "14084fe4bb944b02", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "National Healthcare (NHC) grew revenue 16.1% in FY2025 to $1.5 billion, operating margin 8.5% against a 2.0% median for services-skilled nursing care facilities, equity 70.0% of assets, and dividend per share up 12 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 1517781000, "totalDebt": 40000000, "cash": 92829000 }, "experience": { "revenueGrowth1y": 0.16093154104921137, "revenueGrowthPerYear": 0.09023641024438245, "operatingMargin": 0.08456555985349665, "operatingMarginPrior": 0.06875955153122806, "netMargin": 0.08077976994045913, "freeCashFlow": 148632000 }, "soundness": { "equityRatio": 0.7001825842052543, "returnOnEquity": 0.11471670290763605, "payoutRatio": 0.3156778624210887, "dividendPerShare": 2.53, "dividendYearsRising": 12, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 8051, "sicDescription": "Services-Skilled Nursing Care Facilities", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "80", "growth": [ 0.1303, 61 ], "opMargin": [ 0.0199, 54 ], "equityRatio": [ 0.4419, 59 ], "returnOnEquity": [ 0.0155, 49 ], "payoutRatio": [ 0.1928, 13 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2025-04-08", "url": "https://www.sec.gov/Archives/edgar/data/1047335/000143774925011399/0001437749-25-011399-index.htm" } }, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-02-17", "url": "https://www.sec.gov/Archives/edgar/data/1047335/000143774926004270/0001437749-26-004270-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 1513856883.6578918, "high": 1886386129.412554, "baseline": 1729562824.6400816, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.06692086623116844, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.07214708011115191, "k": 3 }, "stress": { "low": 1396981682.8814545, "high": 2044364816.944558, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 6, "hits": 5, "rate": 0.8333333333333334, "method": "v4", "byYear": { "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T21:23:01.599Z", "hash": "14084fe4bb944b02", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001047335.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1047335" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1219, "growth3y": 0.1181, "volatility": 0.0669, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.7002, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "later", "inside": "Turns 12.2% of revenue into operating cash; revenue growing 11.8% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 43rd percentile for cash, 74th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$1B-10B", "cashPctInClass": 43, "growthPctInClass": 74, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 185078000, "investing": -33858000, "financing": -135955000, "capitalSpending": 36446000, "free": 148632000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 62394000, "free": 22995000 }, { "fiscalYearEnd": "2022-12-31", "operating": 8742000, "free": -21458000 }, { "fiscalYearEnd": "2023-12-31", "operating": 111216000, "free": 83315000 }, { "fiscalYearEnd": "2024-12-31", "operating": 107303000, "free": 79703000 }, { "fiscalYearEnd": "2025-12-31", "operating": 185078000, "free": 148632000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 92829000, "shortTerm": 14236000, "longTerm": 109057000, "equityHoldings": 162972000, "totalAssets": 1526419000, "ladder": { "within1y": 14236000, "y1to5": 68390000, "y5to10": 40667000, "y10plus": 0, "noSingleDate": null }, "currentRatio": 1.82, "unrealizedGain": 1464000, "unrealizedLoss": 2181000, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1219, "growth3y": 0.1181, "volatility": 0.0669, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.7002, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "later", "inside": "Turns 12.2% of revenue into operating cash; revenue growing 11.8% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 43rd percentile for cash, 74th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$1B-10B", "cashPctInClass": 43, "growthPctInClass": 74, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 185078000, "investing": -33858000, "financing": -135955000, "capitalSpending": 36446000, "free": 148632000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 62394000, "free": 22995000 }, { "fiscalYearEnd": "2022-12-31", "operating": 8742000, "free": -21458000 }, { "fiscalYearEnd": "2023-12-31", "operating": 111216000, "free": 83315000 }, { "fiscalYearEnd": "2024-12-31", "operating": 107303000, "free": 79703000 }, { "fiscalYearEnd": "2025-12-31", "operating": 185078000, "free": 148632000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 92829000, "shortTerm": 14236000, "longTerm": 109057000, "equityHoldings": 162972000, "totalAssets": 1526419000, "ladder": { "within1y": 14236000, "y1to5": 68390000, "y5to10": 40667000, "y10plus": 0, "noSingleDate": null }, "currentRatio": 1.82, "unrealizedGain": 1464000, "unrealizedLoss": 2181000, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }