NHCNATIONAL HEALTHCARE CORP
Services-Skilled Nursing Care Facilities
- Revenue
- $1.5B
- 17% YoY
- Operating margin
- 8.7%
- 22% YoY
- EBITDA
- $173M
- 31% YoY
- Market cap
- $3.2B
- Employees
- —
- Net debt / EBITDA
- 0.0×
- $791K net debt
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo154% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo29% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo11% of assetsOver 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.0× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$3.2B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$11M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $966M | $1.0B | $1.1B | $1.3B | $1.5B | 17% |
| Operating income | $51M | $32M | $57M | $90M | $128M | 43% |
| Net income | $139M | $22M | $67M | $102M | $120M | 18% |
| Operating cash flow | $62M | $9M | $111M | $107M | $185M | 72% |
| Capex | $39M | $30M | $28M | $28M | $36M | 32% |
| Stock-based comp | $3M | $3M | $3M | $4M | $4M | 5.7% |
| Buybacks | $836K | $10M | $2M | $14M | $15M | 9.1% |
| Dividends | $32M | $35M | $36M | $37M | $39M | 4.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $175K · 1
- Open-market sells, 12 mo
- $11M · 23
- Net
- −$11M
Pay vs performance
No pay-versus-performance disclosure yet.