# NATIONAL HEALTHCARE CORP (NHC) · Edgar & Edgarette company card

> National Healthcare (NHC) grew revenue 16.1% in FY2025 to $1.5 billion, operating margin 8.5% against a 2.0% median for 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.

SEC CIK 1047335 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/NHC) · [JSON](https://www.pops4.com/boards/company/NHC.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.5B |
| Revenue growth, 1 year | 16.1% |
| Revenue growth per year | 9.0% |
| Operating margin | 8.5% (prior year 6.9%) |
| Net margin | 8.1% |
| Operating cash flow | $185M |
| Capital spending | $36M |
| Free cash flow | $149M |
| Cash | $93M |
| Long-term debt | $40M |
| Total assets | $1.5B |
| Total equity | $1.1B |
| Equity ÷ assets | 70.0% |
| Return on equity | 11.5% |
| Dividend per share | $2.53 |
| Dividend years rising | 12 |

## Readings, computed from those figures

- Altman Z: 5.72 (safe zone)
- Piotroski F: 8 of 9 (strong)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

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; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). 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%.

Range logged 2026-09-27, receipt 14084fe4bb944b02, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-02-17 ([filing](https://www.sec.gov/Archives/edgar/data/1047335/000143774926004270/0001437749-26-004270-index.htm))

## Recent filings

- 8-K · filed 2026-11-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1047335/000143774926035417/0001437749-26-035417-index.htm)
- 8-K · filed 2026-11-06 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1047335/000143774926035415/0001437749-26-035415-index.htm)
- 10-Q · filed 2026-11-05 · [filing](https://www.sec.gov/Archives/edgar/data/1047335/000143774926035256/0001437749-26-035256-index.htm)
- 8-K · filed 2026-08-11 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1047335/000143774926026960/0001437749-26-026960-index.htm)
- 8-K · filed 2026-08-11 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1047335/000143774926026957/0001437749-26-026957-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1047335/000143774926026199/0001437749-26-026199-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001047335.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1047335

## Cite

POPS4, Edgar & Edgarette: NATIONAL HEALTHCARE CORP (NHC) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/NHC. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.