National Health Investors Inc (NHI) — Free Cash Flow Generation Index
National Health Investors Inc (NHI) has a Free Cash Flow Generation Index of 0.95x as of March 2026. Free cash flow of $50.55 Million represents 1% of operating cash flow ($53.44 Million). Explore NHI capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
National Health Investors Inc Free Cash Flow Generation Index (1991–2025)
Historical FCF Generation Index trend for National Health Investors Inc across 35 annual periods. For the full cash flow conversion analysis, see cash flow conversion of National Health Investors Inc.
Annual Free Cash Flow Generation for National Health Investors Inc (1991–2025)
Year-by-year Free Cash Flow Generation Index for National Health Investors Inc. Check NHI cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.92x | $220.26 Million | $240.23 Million | $19.97 Million | ▼ -0.8% |
| 2024 | 0.92x | $192.44 Million | $208.17 Million | $15.73 Million | ▼ -5.6% |
| 2023 | 0.98x | $180.71 Million | $184.45 Million | $3.74 Million | ▼ -2.0% |
| 2022 | 1.00x | $185.34 Million | $185.34 Million | $6.36 Million | ▲ +0.0% |
| 2021 | 1.00x | $210.79 Million | $210.86 Million | $64.00K | ▼ 0.0% |
| 2020 | 1.00x | $232.15 Million | $232.15 Million | $102.87 Million | ▲ +0.0% |
| 2019 | 1.00x | $240.96 Million | $240.96 Million | $237.19 Million | ▲ +245.2% |
| 2018 | 0.29x | $60.22 Million | $207.87 Million | $147.65 Million | ▲ +160.1% |
| 2017 | 0.11x | $21.98 Million | $197.32 Million | $175.34 Million | ▲ +110.4% |
| 2016 | -1.07x | $-189.79 Million | $177.22 Million | $367.01 Million | ▼ -452.9% |
| 2015 | 0.30x | $49.91 Million | $164.43 Million | $114.52 Million | ▲ +109.3% |
| 2014 | -3.25x | $-409.63 Million | $126.14 Million | $535.77 Million | ▲ +36.1% |
| 2013 | -5.08x | $-529.52 Million | $104.19 Million | $633.72 Million | ▼ -608.2% |
| 2012 | 1.00x | $86.27 Million | $86.27 Million | $92.85 Million | ▲ +7233.4% |
| 2011 | 0.01x | $1.05 Million | $76.85 Million | $75.81 Million | ▲ +105.0% |
| 2010 | -0.27x | $-21.19 Million | $77.54 Million | $98.74 Million | ▼ -53.1% |
| 2009 | -0.18x | $-12.36 Million | $69.21 Million | $81.57 Million | ▼ -119.0% |
| 2008 | 0.94x | $63.09 Million | $67.13 Million | $4.05 Million | ▼ -2.4% |
| 2007 | 0.96x | $64.04 Million | $66.53 Million | $2.49 Million | ▲ +0.6% |
| 2006 | 0.96x | $55.31 Million | $57.80 Million | $2.50 Million | ▲ +20.8% |
| 2005 | 0.79x | $46.75 Million | $59.01 Million | $12.26 Million | ▼ -18.4% |
| 2004 | 0.97x | $55.41 Million | $57.09 Million | $1.68 Million | ▲ +13.8% |
| 2003 | 0.85x | $58.02 Million | $68.03 Million | $10.01 Million | ▲ +13.8% |
| 2002 | 0.75x | $49.52 Million | $66.09 Million | $16.57 Million | ▼ -22.6% |
| 2001 | 0.97x | $57.82 Million | $59.76 Million | $1.94 Million | ▲ +1.9% |
| 2000 | 0.95x | $60.41 Million | $63.61 Million | $3.20 Million | ▲ +18.0% |
| 1999 | 0.81x | $59.12 Million | $73.43 Million | $14.32 Million | ▲ +54.7% |
| 1998 | 0.52x | $44.20 Million | $84.93 Million | $40.72 Million | ▼ -29.2% |
| 1997 | 0.73x | $66.09 Million | $89.94 Million | $23.85 Million | ▲ +539.1% |
| 1996 | 0.11x | $8.82 Million | $76.71 Million | $67.89 Million | ▼ -85.6% |
| 1995 | 0.80x | $44.10 Million | $55.20 Million | $11.10 Million | ▲ +0.8% |
| 1994 | 0.79x | $38.50 Million | $48.60 Million | $10.10 Million | ▲ +48.9% |
| 1993 | 0.53x | $17.50 Million | $32.90 Million | $15.40 Million | ▼ -10.9% |
| 1992 | 0.60x | $12.30 Million | $20.60 Million | $8.30 Million | ▼ -40.3% |
| 1991 | 1.00x | $4.50 Million | $4.50 Million | $0.00 | — |