Filing Flows › National Healthcare (NHC) › Q1 2026
National Healthcare (NHC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
National Healthcare (NHC) reported revenue of $382M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -1% from the quarter before. Operating margin was 8.4%, net earnings $36.1M (9.5% of revenue).
National Healthcare, Q1 2026: revenue $382M (+2% year over year), operating margin 8.4%, net earnings $36.1M, operating cash flow $62.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $382M | -1% | +2% |
| Operating profit | $32.3M | -3% | +5% |
| Net earnings | $36.1M | +43% | +12% |
| Operating cash flow | $62.5M | +272% | +59% |
| Free cash flow | $52.9M | +725% | +60% |
What changed
Revenue was $381.8M in Q1 2026, up 2% year over year and down 1% from the previous quarter.
Operating profit was $32.3M, a 8.4% margin (up 0.2 points year over year). Of the extra revenue versus Q1 2025, 18% reached operating profit, above the 8% margin then. Total costs grew 2% against revenue growth of 2%. Net earnings were $35.9M, up 11% year over year. The effective tax rate was 19.4%. Non-operating items added $12.6M, 28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $62.5M (up 59% year over year), 173% of net earnings. Non-cash charges added back $11.6M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $13.5M. Capital expenditures of $9.6M left free cash flow of $52.9M.
Questions
What was National Healthcare's revenue in the first quarter 2026?
National Healthcare (NHC) reported revenue of $382M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -1% from the quarter before.
Was National Healthcare profitable in the first quarter 2026?
Operating profit was $32.3M (8.4% of revenue) and net earnings $36.1M.