National Healthcare (NHC) FY2024 results: revenue $1.3 billion, up 14.5% on the year
National Healthcare Corp. (NHC) reported revenue of $1.3 billion for fiscal 2024, the year ended 31 December 2024, up 14.5% on the year before. Net income was $102 million, up 52.6%, and diluted earnings per share $6.53. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$1.3 billion
+14.5% on the year
FY2017FY2024
Operating margin
6.9%
5.0% a year earlier
FY2017FY2024
Net income
$102 million
+52.6% on the year
FY2017FY2024
Diluted EPS
$6.53
+50.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
107
111
8.7
-3.5%
Capital expenditure
27.6
27.9
30.2
-1.1%
Free cash flow
79.7
83.3
-21.5
-4.3%
Free cash flow margin
6.1%
7.3%
-2.0%
Cash from investing
-237
-17.6
-6.0
Cash from financing
100
-42.5
-47.6
Depreciation and amortisation
42.0
42.0
40.5
-0.1%
Share-based compensation
4.2
2.8
2.6
+49.5%
Buybacks
13.5
2.5
9.9
+444.0%
Dividends paid
37.0
35.6
34.6
+3.9%
Dividend per share
$2.42
$2.34
$2.26
+3.4%
Diluted shares, weighted
16m
15m
15m
+1.4%
Shares outstanding at period end
15m
15m
15m
+0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
980
909
874
+7.9%
Non-controlling interest
3.0
1.7
3.2
+73.7%
Debt
137
0.0
0.0
Operating lease liabilities
45.9
63.2
91.0
-27.3%
Finance lease liabilities
n/a
0.0
0.9
Other liabilities
358
337
306
+6.3%
Total liabilities and equity
1,524
1,311
1,275
+16.3%
Fixed assets
684
493
507
+38.7%
Goodwill
170
168
168
+1.3%
Intangible assets
19.9
7.0
7.0
+182.2%
Securities held for sale or to maturity
120
128
143
-6.2%
Cash and equivalents
76.1
107
58.7
-28.9%
Receivables
135
109
100.0
+24.7%
Inventory
9.0
7.4
7.1
+22.4%
Other assets
310
291
285
+6.2%
Total assets
1,524
1,311
1,275
+16.3%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.