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National Healthcare (NHC) operating margin by quarter

National Healthcare's operating margin was 10.0% in Q3 2026 (third quarter 2026), -2.0 pts from Q2 2026. Over the last 7 quarters it ranged from 7.9% (Q3 2025) to 12.0% (Q2 2026).

National Healthcare operating margin by quarterNational Healthcare operating margin by quarter8.2%Q1 20259.1%Q2 20257.9%Q3 20258.6%Q4 20258.4%Q1 202612.0%Q2 202610.0%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202610.0%-2.0 pts+2.0 pts
Q2 202612.0%+3.5 pts+2.9 pts
Q1 20268.4%-0.1 pts+0.2 pts
Q4 20258.6%+0.6 pts—
Q3 20257.9%-1.2 pts—
Q2 20259.1%+0.9 pts—
Q1 20258.2%——

Q3 2026 at a glance

National Healthcare, Q3 2026: revenue $408M (+7% year over year), operating margin 10.0%, net earnings $13.6M, operating cash flow $99.2M. The chart follows the revenue to costs, profit and cash.

Questions

What is National Healthcare's operating margin?

National Healthcare's operating margin was 10.0% in Q3 2026 (third quarter 2026), -2.0 pts from Q2 2026.

How has National Healthcare's operating margin changed?

Over the last 7 quarters it ranged from 7.9% (Q3 2025) to 12.0% (Q2 2026).

Q3 2026 results → · How National Healthcare makes money →