Filing Flows › National Health Investors (NHI) › Q4 2024
National Health Investors (NHI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 25, 2025
National Health Investors (NHI) reported revenue of $85.8M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and +3% from the quarter before. Operating margin was 49.9%, net earnings $43.2M (50.4% of revenue).
National Health Investors, Q4 2024: revenue $85.8M (+8% year over year), operating margin 49.9%, net earnings $43.2M, operating cash flow $57.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $85.8M | +3% | +8% |
| Operating profit | $42.8M | +52% | +35% |
| Net earnings | $43.2M | +52% | +35% |
| Operating cash flow | $57.6M | +18% | +8% |
What changed
Revenue was $85.8M in Q4 2024, up 8% year over year and up 3% from the previous quarter.
Operating profit was $42.8M, a 49.9% margin (up 10.0 points year over year). Of the extra revenue versus a year earlier, 176% reached operating profit, above the 40% margin then. Total costs fell 10% while revenue rose 8%. The fastest-growing cost line was General & admin (+10%). Net earnings were $43.2M, up 35% year over year ($42.8M including minority interests, which bore $455K of losses). The effective tax rate was 0.0%.
Operating cash flow was $57.6M (up 8% year over year), 135% of net earnings. Non-cash charges added back $18.7M of depreciation and $670K of share-based compensation. Working capital and other items used $4.6M. Capital expenditures of $133.1M exceeded it, leaving free cash flow of −$75.5M.
Questions
What was National Health Investors' revenue in the fourth quarter 2024?
National Health Investors (NHI) reported revenue of $85.8M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and +3% from the quarter before.
Was National Health Investors profitable in the fourth quarter 2024?
Operating profit was $42.8M (49.9% of revenue) and net earnings $43.2M.