NATIONAL HEALTHCARE CORP
NHC · Services-Skilled Nursing Care Facilities · 15.6M shares · +0%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$300K (gross $2M, SBC $3M)
Reference price $200.00 · est. market cap ~$3.1B — last insider sale, 2026-06-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B76National HealthCare — skilled-nursing/senior-care operator with high ROA, low leverage.
Strengths
- ROA 88th pct, operating margin (70th), very low leverage (22nd)
- Owned real estate; conservative balance sheet
Risks
- Medicaid/Medicare reimbursement and labor-cost exposure
- Occupancy and regulatory risk
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
8.5%
Net margin
7.9%
Return on equity
11.2%
Return on assets
7.9%
ROIC
9.2%
Revenue growth (QoQ)
-1.2%
Net-income growth
17.7%
Debt / equity
0.0×
Net debt / EBITDA
-0.3×
Current ratio
1.8×
Free cash flow
$149M
EBITDA
$173M
Tangible book value
$878M
Cash & investments
$93M
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-22 | HASSAN EMIL E | Sell | 5.9K | $200.00 |
| 2026-06-16 | KIDD BRIAN F | Gift | 500 | — |
| 2026-06-16 | HASSAN EMIL E | Sell | 1.6K | $199.97 |
| 2026-06-08 | ADAMS ROBERT G | Option exercise | 4.0K | $69.19 |
| 2026-06-08 | ADAMS ROBERT G | Gift | 4.0K | — |
| 2026-06-01 | Piercey Lisa | Buy | 949 | $184.26 |
| 2026-05-22 | FLATT BEN ANDERSON SR | Option exercise | 4.0K | $94.10 |
| 2026-05-22 | FLATT BEN ANDERSON SR | Tax withheld | 2.7K | $196.00 |
| 2026-05-21 | LAROCHE RICHARD F JR | Sell | 7.5K | $195.14 |
| 2026-05-20 | Flatt Stephen Fowler | Gift | 26 | — |
| 2026-05-19 | Shelly Timothy J. | Sell | 1.9K | $197.22 |
| 2026-05-14 | KIDD BRIAN F | Option exercise | 500 | $90.62 |
| 2026-05-14 | Flatt Stephen Fowler | Option exercise | 5.0K | $94.10 |
| 2026-05-14 | Flatt Stephen Fowler | Option exercise | 1.0K | $90.62 |
| 2026-05-14 | Flatt Stephen Fowler | Tax withheld | 4.5K | $197.96 |
| 2026-05-14 | KIDD BRIAN F | Option exercise | 4.0K | $94.10 |
| 2026-05-14 | KIDD BRIAN F | Tax withheld | 3.1K | $197.96 |
| 2026-05-06 | Trail Sandra Y. | Option exercise | 3.1K | $55.75 |
| 2026-05-05 | LAROCHE RICHARD F JR | Option exercise | 7.5K | $71.64 |
| 2026-04-30 | HASSAN EMIL E | Option exercise | 7.5K | $71.64 |
| 2026-04-22 | Dodson Vicki L | Option exercise | 4.0K | $94.10 |
| 2026-04-22 | Dodson Vicki L | Tax withheld | 2.9K | $173.63 |
| 2026-04-09 | FLATT BEN ANDERSON SR | Tax withheld | 2.1K | $176.81 |
| 2026-04-09 | FLATT BEN ANDERSON SR | Option exercise | 3.7K | $53.94 |
| 2026-04-09 | FLATT BEN ANDERSON SR | Tax withheld | 1.9K | $176.81 |
| 2026-03-16 | Dodson Vicki L | Option exercise | 3.7K | $53.94 |
| 2026-03-16 | Dodson Vicki L | Tax withheld | 2.0K | $164.96 |
| 2026-03-12 | Flatt Stephen Fowler | Option exercise | 1.9K | $53.94 |
| 2026-03-12 | KIDD BRIAN F | Option exercise | 1.9K | $53.94 |
| 2026-03-09 | ABERNATHY JAMES PAUL | Option exercise | 3.1K | $55.75 |
| 2026-03-04 | McCreary Josh A | Tax withheld | 3.2K | $172.83 |
| 2026-03-04 | Dodson Vicki L | Option exercise | 4.5K | $90.62 |
| 2026-03-04 | Dodson Vicki L | Tax withheld | 3.2K | $172.83 |
| 2026-03-04 | FLATT BEN ANDERSON SR | Option exercise | 3.7K | $53.94 |
| 2026-03-04 | FLATT BEN ANDERSON SR | Option exercise | 4.0K | $94.10 |
| 2026-03-04 | FLATT BEN ANDERSON SR | Option exercise | 4.5K | $90.62 |
| 2026-03-04 | FLATT BEN ANDERSON SR | Tax withheld | 8.1K | $172.83 |
| 2026-03-04 | McCreary Josh A | Option exercise | 4.5K | $90.62 |
| 2026-03-04 | Shelly Timothy J. | Option exercise | 2.7K | $94.10 |
| 2026-03-04 | Shelly Timothy J. | Option exercise | 3.7K | $90.62 |
| 2026-03-04 | Shelly Timothy J. | Tax withheld | 4.5K | $172.83 |
| 2026-03-04 | KIDD BRIAN F | Option exercise | 2.0K | $53.94 |
| 2026-03-04 | KIDD BRIAN F | Option exercise | 4.0K | $90.62 |
| 2026-03-04 | KIDD BRIAN F | Tax withheld | 3.9K | $172.83 |
| 2026-03-02 | Flatt Stephen Fowler | Option exercise | 5.0K | $90.62 |
| 2026-03-02 | Flatt Stephen Fowler | Tax withheld | 3.6K | $171.15 |
| 2026-02-27 | Flatt Stephen Fowler | Grant | 3.1K | — |
| 2026-02-27 | KIDD BRIAN F | Grant | 1.5K | — |
| 2026-02-27 | McCreary Josh A | Grant | 1.5K | — |
| 2026-02-27 | Dodson Vicki L | Grant | 1.1K | — |
| 2026-02-27 | FLATT BEN ANDERSON SR | Grant | 1.3K | — |
| 2026-02-27 | Shelly Timothy J. | Grant | 1.3K | — |
| 2026-01-15 | ABERNATHY JAMES PAUL | Option exercise | 7.5K | $69.82 |
| 2026-01-15 | ABERNATHY JAMES PAUL | Tax withheld | 3.7K | $139.01 |
| 2026-01-01 | FLATT BEN ANDERSON SR | Tax withheld | 403 | $137.09 |
| 2026-01-01 | Dodson Vicki L | Tax withheld | 319 | $137.09 |
| 2026-01-01 | KIDD BRIAN F | Tax withheld | 447 | $137.09 |
| 2025-12-31 | Ussery Robert Michael | Tax withheld | 2.1K | $137.09 |
| 2025-12-29 | Flatt Stephen Fowler | Gift | 450 | — |
| 2025-12-23 | KIDD BRIAN F | Gift | 350 | — |
| 2025-12-17 | Ussery Robert Michael | Gift | 45 | — |
| 2025-12-17 | Shelly Timothy J. | Sell | 2.5K | $139.42 |
| 2025-12-17 | Ussery Robert Michael | Gift | 40 | — |
| 2025-12-17 | Ussery Robert Michael | Gift | 40 | — |
| 2025-12-17 | Ussery Robert Michael | Gift | 95 | — |
| 2025-12-17 | Ussery Robert Michael | Gift | 740 | — |
| 2025-12-17 | Ussery Robert Michael | Gift | 40 | — |
| 2025-12-12 | Flatt Stephen Fowler | Gift | 217 | — |
| 2025-12-12 | Flatt Stephen Fowler | Gift | 145 | — |
| 2025-12-01 | FLATT BEN ANDERSON SR | Tax withheld | 2.4K | $137.29 |
| 2025-12-01 | FLATT BEN ANDERSON SR | Option exercise | 3.7K | $63.96 |
| 2025-11-25 | Flatt Stephen Fowler | Option exercise | 1.9K | $53.94 |
| 2025-11-25 | Dodson Vicki L | Tax withheld | 3.1K | $137.95 |
| 2025-11-25 | Dodson Vicki L | Option exercise | 4.0K | $94.10 |
| 2025-11-25 | HASSAN EMIL E | Sell | 7.5K | $138.52 |
| 2025-11-21 | Flatt Stephen Fowler | Sell | 1.0K | $130.33 |
| 2025-11-12 | HASSAN EMIL E | Sell | 5.5K | $133.00 |
| 2025-11-11 | McCreary Josh A | Tax withheld | 3.3K | $132.20 |
| 2025-11-11 | KIDD BRIAN F | Option exercise | 4.0K | $94.10 |
| 2025-11-11 | KIDD BRIAN F | Tax withheld | 3.2K | $132.20 |
| 2025-11-11 | Flatt Stephen Fowler | Option exercise | 3.0K | $94.10 |
| 2025-11-11 | Flatt Stephen Fowler | Tax withheld | 2.5K | $132.20 |
| 2025-11-11 | Ussery Robert Michael | Option exercise | 4.5K | $94.10 |
| 2025-11-11 | McCreary Josh A | Tax withheld | 496 | $137.90 |
| 2025-11-11 | Ussery Robert Michael | Option exercise | 4.5K | $53.94 |
| 2025-11-11 | Ussery Robert Michael | Tax withheld | 1.7K | $132.20 |
| 2025-11-11 | Ussery Robert Michael | Tax withheld | 3.7K | $132.20 |
| 2025-11-11 | Shelly Timothy J. | Option exercise | 2.4K | $63.96 |
| 2025-11-11 | Shelly Timothy J. | Tax withheld | 1.7K | $132.20 |
| 2025-11-11 | Shelly Timothy J. | Option exercise | 4.8K | $53.94 |
| 2025-11-11 | Shelly Timothy J. | Tax withheld | 3.1K | $132.20 |
| 2025-11-11 | McCreary Josh A | Option exercise | 4.0K | $94.10 |
| 2025-09-19 | ADAMS ROBERT G | Option exercise | 4.5K | $71.64 |
| 2025-08-22 | Flatt Stephen Fowler | Option exercise | 2.0K | $94.10 |
| 2025-08-22 | Flatt Stephen Fowler | Option exercise | 2.0K | $53.94 |
| 2025-08-22 | Flatt Stephen Fowler | Tax withheld | 1.4K | $114.82 |
| 2025-08-22 | Flatt Stephen Fowler | Tax withheld | 1.8K | $114.82 |
| 2025-08-13 | McCreary Josh A | Option exercise | 4.0K | $53.94 |
| 2025-08-13 | ABERNATHY JAMES PAUL | Option exercise | 4.0K | $71.64 |
| 2025-08-13 | ABERNATHY JAMES PAUL | Tax withheld | 2.6K | $108.82 |
| 2025-08-13 | McCreary Josh A | Tax withheld | 2.7K | $108.82 |
| 2025-06-26 | Ussery Robert Michael | Option exercise | 4.2K | $63.96 |
| 2025-06-26 | Ussery Robert Michael | Tax withheld | 2.0K | $109.05 |
| 2025-06-26 | Flatt Stephen Fowler | Option exercise | 4.7K | $63.96 |
| 2025-06-26 | Flatt Stephen Fowler | Tax withheld | 3.6K | $109.05 |
| 2025-06-26 | Dodson Vicki L | Gift | 788 | — |
| 2025-06-12 | Dodson Vicki L | Option exercise | 3.7K | $63.96 |
| 2025-06-12 | Dodson Vicki L | Option exercise | 3.7K | $53.94 |
| 2025-06-12 | Dodson Vicki L | Tax withheld | 2.5K | $104.56 |
| 2025-06-12 | Dodson Vicki L | Tax withheld | 2.8K | $104.56 |
| 2025-06-06 | McCreary Josh A | Tax withheld | 2.8K | $106.10 |
| 2025-06-06 | McCreary Josh A | Option exercise | 3.7K | $63.96 |
| 2025-06-03 | LAROCHE RICHARD F JR | Gift | 152 | $104.69 |
| 2025-05-16 | KIDD BRIAN F | Tax withheld | 2.7K | $108.61 |
| 2025-05-16 | KIDD BRIAN F | Option exercise | 3.7K | $63.96 |
| 2025-05-05 | LAROCHE RICHARD F JR | Option exercise | 5.0K | $64.64 |
| 2025-05-02 | ADAMS W ANDREW | Option exercise | 7.5K | $64.64 |
| 2025-04-25 | HASSAN EMIL E | Option exercise | 5.5K | $64.64 |
| 2025-03-05 | Flatt Stephen Fowler | Grant | 2.9K | — |
| 2025-03-05 | McCreary Josh A | Grant | 1.4K | — |
| 2025-03-05 | FLATT BEN ANDERSON SR | Grant | 1.3K | — |
| 2025-03-05 | Dodson Vicki L | Grant | 946 | — |
| 2025-03-05 | KIDD BRIAN F | Grant | 1.4K | — |
| 2025-03-05 | Ussery Robert Michael | Grant | 2.7K | — |
| 2025-02-24 | Trail Sandra Y. | Option exercise | 1.9K | $69.19 |
| 2025-02-20 | ABERNATHY JAMES PAUL | Option exercise | 1.7K | $71.64 |
| 2025-01-01 | KIDD BRIAN F | Tax withheld | 512 | $107.56 |
| 2025-01-01 | Dodson Vicki L | Tax withheld | 361 | $107.56 |
| 2025-01-01 | Ussery Robert Michael | Tax withheld | 1.2K | $107.56 |
| 2025-01-01 | Flatt Stephen Fowler | Tax withheld | 1.3K | $107.56 |
| 2025-01-01 | FLATT BEN ANDERSON SR | Tax withheld | 510 | $107.56 |
| 2025-01-01 | McCreary Josh A | Tax withheld | 571 | $107.56 |
| 2025-01-01 | Flatt Stephen Fowler | Tax withheld | 1.0K | $137.09 |
| 2024-12-31 | NATIONAL HEALTH CORP | Sell | 26K | $107.85 |
| 2024-12-30 | Flatt Stephen Fowler | Gift | 885 | — |
| 2024-12-30 | Flatt Stephen Fowler | Gift | 100 | — |
| 2024-12-30 | Flatt Stephen Fowler | Gift | 100 | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (2)
- Medicaid
- Medicare
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-27 | Material agreement1.02Debt obligationExhibits | filing ↗ |
| 2026-05-15 | Material agreementExhibits | filing ↗ |
| 2026-05-13 | Shareholder vote | filing ↗ |
| 2026-05-08 | ResultsExhibits | filing ↗ |
| 2026-05-07 | OtherExhibits | filing ↗ |
| 2026-04-22 | Material agreement1.02Reg FDExhibits | filing ↗ |
| 2026-02-27 | ResultsExhibits | filing ↗ |
| 2026-02-17 | Exec/director changeReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-27 | 2026-05-27 | 0001437749-26-018604 ↗ |
| 8-K | 2026-05-15 | 2026-05-15 | 0001437749-26-017374 ↗ |
| 8-K | 2026-05-13 | 2026-05-07 | 0001437749-26-016571 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0001437749-26-015802 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001437749-26-015612 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001437749-26-015606 ↗ |
| 8-K | 2026-04-22 | 2026-04-21 | 0001437749-26-012953 ↗ |
| 8-K | 2026-02-27 | 2026-02-27 | 0001437749-26-006000 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001437749-26-005910 ↗ |
| 8-K | 2026-02-17 | 2026-02-12 | 0001437749-26-004270 ↗ |
| 8-K | 2026-02-13 | 2026-02-13 | 0001437749-26-004009 ↗ |
| 8-K | 2025-11-12 | 2025-11-06 | 0001437749-25-034451 ↗ |