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National Healthcare (NHC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · National Healthcare (NHC) Q3 2026 earnings results →
Q3 2026 Revenue up 7% year over year to $408M · 3¢ of every $1 of revenue kept as net profit · operating margin 10.0%
National Healthcare made $408M in Q3 2026 (+7% Y/Y). Operating margin 10.0%, net earnings $13.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $408.0M in Q3 2026, up 7% year over year and roughly flat from the previous quarter.
Operating profit was $40.6M, a 10.0% margin (up 2.0 points year over year). Of the extra revenue versus Q3 2025, 41% reached operating profit, above the 8% margin then. Total costs grew 4% against revenue growth of 7%. Net earnings were $13.6M, down 65% year over year. The effective tax rate was 27.9%.
Operating cash flow was $99.2M (up 50% year over year), 699% of net income including minority interests. Non-cash charges added back $14.6M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $68.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $408M | +7% | 10.0% | $13.6M | $99.2M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $408M | +9% | 12.0% | $40.3M | $43.3M |
| Q1 2026 | 10-Q | May 7, 2026 | $382M | +2% | 8.4% | $36.1M | $62.5M |
| Q4 2025 | 10-K | Feb 26, 2026 | $387M | +5% | 8.6% | $24.8M | $16.8M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $383M | +12% | 7.9% | $39.2M | $66.2M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $375M | +25% | 9.1% | $23.7M | $62.8M |
| Q1 2025 | 10-Q | May 8, 2025 | $374M | +26% | 8.2% | $32.3M | $39.3M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About National Healthcare
As of August 1, 2026, NHC affiliates operate for themselves and third parties 80 skilled nursing facilities with 10,323 beds. NHC affiliates also operate 26 assisted living communities with 1,413 units, nine independent living communities with 775 units, three behavioral health hospitals, 34 homecare agencies, and 33 hospice agencies. NHC’s other services include Alzheimer’s and memory care units, pharmacy services, a rehabilitation services company, and providing management and accounting services to third party post-acute operators. Other information about the company can be found on our web site at www.nhccare.com .
In its own words, from its 8-K, filed Aug 11, 2026.
National Healthcare against its Services-Skilled Nursing Care Facilities peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +12%. Operating margin: 10.0% against the peers' median 9.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NHC National Healthcare | Q3 2026 | $408M | +7% | 10.0% |
| PACS Pacs Group | Q3 2026 | $1.5B | +12% | 6.7% |
| ENSG Ensign Group | Q3 2026 | $1.5B | +14% | 9.3% |
Source: National Healthcare 10-Q on SEC EDGAR · CIK 1047335 · Services-Skilled Nursing Care Facilities
Guidance and outlook
13F: who owns NHC and who is buying
More on NHC
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results