Company Analysis

National Healthcare Corp. (NHC)

NYSE: NHC · Services-Skilled Nursing Care Facilities · Murfreesboro, TN · filing with the SEC since 1997
Grade6.3
◀ Past 5.7● Present 5.9▶ Future 7.5

The grade of National Healthcare Corp.

Nine metrics read from its own filings, by tense
Headline grade
6.3/10
◀ Past5.730% of the headline
● Present5.940% of the headline
▶ Future7.530% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.7/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.9/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2025-04-08.

weight 33% of this tense · 39th percentile among 22 sector filers · read for itself

From the record

National Healthcare Corp.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2025-04-08) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.6/10

What has it actually done, year after year?

+5.7% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 66th percentile among 22 sector filers · read for its customers

From the record

National Healthcare Corp.'s 10 filed years say what it did: revenue went from $924 million in fiscal 2016 to $1.5 billion in fiscal 2025, up 5.7% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span5.7%bottom 39% of its family
  • the share of years revenue rosetop 25% of its family
  • the share of filed years with a profittop 25% of its family
  • the deepest fall from a revenue peak0.0%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.8/10

How has it treated the people who own it?

Share count grew 0.4% a year. 35% of cash flow returned. Insiders: 23 sales, 1 purchases.

weight 22% of this tense · 68th percentile among 22 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, National Healthcare Corp.'s diluted share count grew about 0.4% a year, and dividends and buybacks returned about 35% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 23 sales and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $175 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 39% of its family
  • cash returned against operating cash flowtop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.9/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
6.2/10

Is it financially healthy right now?

ROE 11%: 11¢ of profit per shareholder dollar. Leverage 30%: owes 30¢ per asset dollar.

weight 33% of this tense · 62nd percentile among 22 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, National Healthcare Corp. earned about 11 cents of profit for every dollar of shareholders' money. Leverage: it owed about 30 cents per dollar of assets, and net share issuance: its share count grew 0.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 7% of its family
  • return on equitybottom 36% of its family
  • the share count against the year beforetop 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.9/10

How strong is its position in its industry?

bottom 49% of 22 in its family; net margin 7.9%.

weight 45% of this tense · 49th percentile among 22 sector filers · read for its customers

From the record

National Healthcare Corp.'s standing among 22 graded names in its industry family: revenue of $1.5 billion in fiscal 2025 ranks in the bottom 11% by size; a net margin of 7.9% ranks in the top 34%; revenue growth of 11.8% a year over the last 3 filed years ranks in the top 30% (its annual reports).

What it rests on

  • revenue against the family$1.52Bbottom 11% of its family
  • net margin7.9%top 34% of its family
  • three-year revenue growth11.8%top 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
7.3/10

What are the people in charge doing?

top 27% of 19 in its family for leadership; chief executive since 2017.

weight 22% of this tense · 73rd percentile among 19 sector filers · read for its shareholders

From the record

National Healthcare Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Flatt, Stephen Fowler (CEO, as filed), filing under that title since 2017-03-16, 9.7 years (top 24% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 9.7 years (top 25%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (top 32%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 15 peopletop 32% of its family
  • the median years the people in charge have filed9.7 yearstop 25% of its family
  • the chief executive's years on the record9.7 yearstop 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

7.5/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.9/10

How much room does it have to grow?

top 21% of 22 in its family for room to expand.

weight 22% of this tense · 79th percentile among 22 sector filers · read for itself

From the record

National Healthcare Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $93 million against debt of $33 million leaves 4% of its assets as net cash, top 17% of its family; cash from operations less capital spending is 9.8% of revenue (top 25%) (its annual report).

What it rests on

  • cash less debt against assets4.0%top 17% of its family
  • cash from operations less capital spending against revenue9.8%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.3/10

What could actually drive growth from here?

top 27% of 22 in its family for growth drivers.

weight 45% of this tense · 73rd percentile among 22 sector filers · read for its customers

From the record

National Healthcare Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew 11.8% a year over the last three filed years against 5.7% over all 10, speeding up (top 11% of its family); the newest year grew 16.1% (top 30%); capital spending grew 6.5% a year (top 39%) (its annual reports). National Healthcare Corp. reported 2 lines of business in fiscal 2025: Inpatient Services at $1.3 billion, Homecare Services at $154 million. 2 of 2 grew in the latest filed year, and the largest line is 90% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span+6.1 points a yeartop 11% of its family
  • the newest year's revenue growth16.1%top 30% of its family
  • three-year growth of capital spending6.5%top 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.5/10

Did its newest year beat what its own record pointed to?

top 25% of 22 in its family for expectations against reality.

weight 33% of this tense · 75th percentile among 22 sector filers · read for its shareholders

From the record

National Healthcare Corp.'s newest year against its own record: revenue of $1.5 billion in fiscal 2025 came in 5.8% above the $1.4 billion its prior three years' pace pointed to (top 30% of its family); net income of $120 million against a prior three-year average of $64 million (top 20%); a net margin of 7.9% against 5.2% before (top 25%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace5.8%top 30% of its family
  • net income against the prior three years' average+88%top 20% of its family
  • net margin against its prior average+2.7 pointstop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NHC · research, not advice