Filing Flows › National Healthcare Properties (NHP) › Q3 2026 › vs Q3 2025
National Healthcare Properties (NHP) Q3 2026 vs Q3 2025 (year over year)
National Healthcare Properties's revenue rose $17.0M (+20%) from $86.0M in Q3 2025 to $103M in Q3 2026. The biggest changes: Seniors Housing Communities +$23.7M (+42%); OMF −$6.7M (-23%). Gross margin 32.5% against 37.4% (-4.9 pts).
National Healthcare Properties, Q3 2026: revenue $103M (+20% year over year), operating margin 30.9%, net earnings $17.8M, operating cash flow $15.7M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 32.5% | 37.4% | -4.9 pts |
| Operating margin | 30.9% | 2.8% | +28.1 pts |
| Net margin | 17.2% | -18.5% | +35.7 pts |
| Free cash flow margin | 6.6% | 6.5% | +0.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Seniors Housing Communities | $80.7M | $57.0M | $23.7M | +42% |
| OMF | $22.3M | $29.0M | −$6.7M | -23% |
| Revenue | $103M | $86.0M | $17.0M | +20% |
| Gross profit | $33.5M | $32.2M | $1.3M | +4% |
| Cost of revenue | $69.6M | $53.8M | $15.7M | +29% |
| Operating profit | $31.8M | $2.4M | $29.4M | 13× |
| Operating expenses | $1.7M | $29.8M | −$28.1M | -94% |
| Pre-tax earnings | $20.1M | −$12.5M | $32.6M | — |
| Other expense, net | $11.7M | $14.8M | −$3.2M | -21% |
| Income tax benefit | $97K | −$66K | $163K | — |
| Net earnings | $17.8M | −$15.9M | $33.7M | — |
| Minority interests | $2.5M | $3.3M | −$885K | -26% |
| Operating cash sources | $44.3M | $3.5M | $40.8M | 13× |
| Depreciation & amortization | $24.4M | $18.0M | $6.4M | +35% |
| Share-based compensation | $2.1M | $1.3M | $801K | +60% |
| Working capital & other | $28.6M | −$6.7M | $35.3M | — |
| Operating cash flow | $15.7M | $10.2M | $5.6M | +55% |
| Free cash flow (OCF − capex) | $6.8M | $5.6M | $1.2M | +21% |
| Capital expenditures | $9.0M | $4.6M | $4.4M | +95% |
Questions
How much did National Healthcare Properties's revenue grow year over year in Q3 2026?
National Healthcare Properties's revenue rose $17.0M (+20%) from $86.0M in Q3 2025 to $103M in Q3 2026.
What drove National Healthcare Properties's revenue change in Q3 2026?
Seniors Housing Communities +$23.7M (+42%); OMF −$6.7M (-23%).