Filing Flows › National Healthcare (NHC) › Q1 2025
National Healthcare (NHC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
National Healthcare (NHC) reported revenue of $374M for the first quarter 2025 (Q1 2025), +26% from a year earlier and +1% from the quarter before. Operating margin was 8.2%, net earnings $32.3M (8.6% of revenue).
National Healthcare, Q1 2025: revenue $374M (+26% year over year), operating margin 8.2%, net earnings $32.3M, operating cash flow $39.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $374M | +1% | +26% |
| Operating profit | $30.8M | +6% | +96% |
| Net earnings | $32.3M | +436% | +23% |
| Operating cash flow | $39.3M | +207% | +307% |
| Free cash flow | $33.1M | +615% | +797% |
What changed
Revenue was $373.7M in Q1 2025, up 26% year over year and up 1% from the previous quarter.
Operating profit was $30.8M, a 8.2% margin (up 3.0 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, above the 5% margin then. Total costs grew 22% against revenue growth of 26%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $32.2M, up 23% year over year. The effective tax rate was 26.1%. Non-operating items added $13.0M, 30% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $39.3M (up 307% year over year), 122% of net earnings. Non-cash charges added back $11.0M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $5.0M. Capital expenditures of $6.1M left free cash flow of $33.1M.
Questions
What was National Healthcare's revenue in the first quarter 2025?
National Healthcare (NHC) reported revenue of $374M for the first quarter 2025 (Q1 2025), +26% from a year earlier and +1% from the quarter before.
Was National Healthcare profitable in the first quarter 2025?
Operating profit was $30.8M (8.2% of revenue) and net earnings $32.3M.