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National Health Investors (NHI) FY2024 results: revenue $335 million, up 4.8% on the year

National Health Investors Inc. (NHI) reported revenue of $335 million for fiscal 2024, the year ended 31 December 2024, up 4.8% on the year before. Net income was $138 million, up 1.7%, and diluted earnings per share $3.13. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.

Revenue
$335 million
+4.8% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$138 million
+1.7% on the year
FY2017FY2024
Diluted EPS
$3.13
0.0% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue335320278+4.8%
Interest expense59.958.244.9+3.0%
Net income13813666.4+1.7%
Net margin41.2%42.4%23.9%
Diluted EPS$3.13$3.13$1.480.0%
$ 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow208184185+12.6%
Capital expenditure15849.611.0+218.7%
Free cash flow49.8135174-63.1%
Free cash flow margin14.9%42.2%62.7%
Cash from investing-192-11.6198
Cash from financing-13.6-170-401
Depreciation and amortisation71.470.0n/a+2.1%
Share-based compensation4.24.68.6-9.2%
Buybacks0.00.0152
Dividends paid157156162+0.2%
Dividend per share$3.60$3.60$3.600.0%
Diluted shares, weighted44m43m45m+1.6%
Shares outstanding at period end46m43m43m+5.2%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity1,3661,2541,270+9.0%
Non-controlling interest8.910.49.9-14.6%
Redeemable equity9.89.79.8+1.4%
Debt1,1461,1351,148+1.0%
Other liabilities83.279.470.0+4.8%
Total liabilities and equity2,6142,4882,507+5.1%
Fixed assets2,2112,1072,118+4.9%
Loans269245233+9.6%
Cash and equivalents24.322.319.3+8.7%
Receivablesn/an/a3.6
Other assets110114133-3.4%
Total assets2,6142,4882,507+5.1%

10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.