National Healthcare annual operating margin
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National Healthcare Operating Margin Growth & History (NHC)
National Healthcare's operating margin was 8.73% for fiscal 2025.
View full National Healthcare company overviewNational Healthcare annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 8.73% | +1.55 pp |
| 2024 | 2024-12-31 | 7.18% | +1.90 pp |
| 2023 | 2023-12-31 | 5.28% | +2.18 pp |
| 2022 | 2022-12-31 | 3.10% | −2.17 pp |
| 2021 | 2021-12-31 | 5.27% | +0.11 pp |
| 2020 | 2020-12-31 | 5.17% | −0.01 pp |
| 2019 | 2019-12-31 | 5.17% | −0.84 pp |
| 2018 | 2018-12-31 | 6.01% | +0.11 pp |
| 2017 | 2017-12-31 | 5.90% | −1.00 pp |
| 2016 | 2016-12-31 | 6.90% | −153.78 pp |
| 2015 | 2015-12-31 | 160.68% | +0.26 pp |
| 2014 | 2014-12-31 | 160.42% | +24.72 pp |
| 2013 | 2013-12-31 | 135.69% | +13.00 pp |
| 2012 | 2012-12-31 | 122.69% | −13.84 pp |
| 2011 | 2011-12-31 | 136.53% | +35.47 pp |
| 2010 | 2010-12-31 | 101.06% | — |
National Healthcare quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 12.93% | +3.55 pp |
| Q1 2026 | 2026-03-31 | 8.72% | +0.21 pp |
| Q4 2025 | 2025-12-31 | 8.86% | +0.77 pp |
| Q3 2025 | 2025-09-30 | 8.19% | +1.25 pp |
| Q2 2025 | 2025-06-30 | 9.38% | +1.34 pp |
| Q1 2025 | 2025-03-31 | 8.51% | +3.02 pp |
| Q4 2024 | 2024-12-31 | 8.09% | +0.87 pp |
| Q3 2024 | 2024-09-30 | 6.93% | +2.23 pp |
| Q2 2024 | 2024-06-30 | 8.05% | +2.86 pp |
| Q1 2024 | 2024-03-31 | 5.48% | +1.60 pp |
| Q4 2023 | 2023-12-31 | 7.22% | +3.64 pp |
| Q3 2023 | 2023-09-30 | 4.70% | +3.14 pp |
| Q2 2023 | 2023-06-30 | 5.18% | +3.43 pp |
| Q1 2023 | 2023-03-31 | 3.88% | −1.67 pp |
| Q4 2022 | 2022-12-31 | 3.59% | +0.03 pp |
| Q3 2022 | 2022-09-30 | 1.57% | −3.44 pp |
| Q2 2022 | 2022-06-30 | 1.75% | −4.07 pp |
| Q1 2022 | 2022-03-31 | 5.55% | −1.47 pp |
| Q4 2021 | 2021-12-31 | 3.56% | −1.89 pp |
| Q3 2021 | 2021-09-30 | 5.01% | +1.92 pp |
| Q2 2021 | 2021-06-30 | 5.82% | +0.26 pp |
| Q1 2021 | 2021-03-31 | 7.02% | +0.54 pp |
| Q4 2020 | 2020-12-31 | 5.45% | −1.05 pp |
| Q3 2020 | 2020-09-30 | 3.09% | +0.29 pp |
| Q2 2020 | 2020-06-30 | 5.56% | +1.23 pp |
| Q1 2020 | 2020-03-31 | 6.47% | −0.21 pp |
| Q4 2019 | 2019-12-31 | 6.50% | −0.41 pp |
| Q3 2019 | 2019-09-30 | 2.79% | −1.82 pp |
| Q2 2019 | 2019-06-30 | 4.33% | −0.94 pp |
| Q1 2019 | 2019-03-31 | 6.68% | −0.17 pp |
| Q4 2018 | 2018-12-31 | 6.91% | +0.28 pp |
| Q3 2018 | 2018-09-30 | 4.61% | +0.56 pp |
| Q2 2018 | 2018-06-30 | 5.27% | +0.19 pp |
| Q1 2018 | 2018-03-31 | 6.86% | +0.20 pp |
| Q4 2017 | 2017-12-31 | 6.63% | +4.53 pp |
| Q3 2017 | 2017-09-30 | 4.06% | −79.76 pp |
| Q2 2017 | 2017-06-30 | 5.09% | −124.70 pp |
| Q1 2017 | 2017-03-31 | 6.65% | −146.84 pp |
| Q4 2016 | 2016-12-31 | 2.10% | −182.99 pp |
| Q3 2016 | 2016-09-30 | 83.82% | −53.31 pp |
| Q2 2016 | 2016-06-30 | 129.78% | −20.24 pp |
| Q1 2016 | 2016-03-31 | 153.49% | −15.04 pp |
| Q4 2015 | 2015-12-31 | 185.09% | −11.83 pp |
| Q3 2015 | 2015-09-30 | 137.13% | −3.87 pp |
| Q2 2015 | 2015-06-30 | 150.02% | +2.78 pp |
| Q1 2015 | 2015-03-31 | 168.53% | +10.68 pp |
| Q4 2014 | 2014-12-31 | 196.92% | +12.66 pp |
| Q3 2014 | 2014-09-30 | 141.00% | −9.44 pp |
| Q2 2014 | 2014-06-30 | 147.24% | +22.32 pp |
| Q1 2014 | 2014-03-31 | 157.85% | +57.55 pp |
| Q4 2013 | 2013-12-31 | 184.26% | +35.51 pp |
| Q3 2013 | 2013-09-30 | 150.44% | +31.34 pp |
| Q2 2013 | 2013-06-30 | 124.92% | +7.26 pp |
| Q1 2013 | 2013-03-31 | 100.30% | −5.22 pp |
| Q4 2012 | 2012-12-31 | 148.75% | — |
| Q3 2012 | 2012-09-30 | 119.10% | −1.09 pp |
| Q2 2012 | 2012-06-30 | 117.65% | −4.60 pp |
| Q1 2012 | 2012-03-31 | 105.52% | — |
| Q3 2011 | 2011-09-30 | 120.19% | — |
| Q2 2011 | 2011-06-30 | 122.25% | — |
National Healthcare operating margin trends
Over the last five fiscal years, National Healthcare's operating margin increased from 5.17% to 8.73%, a change of +3.57 percentage points. The latest reported quarter, Q2 2026, shows 12.93%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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