CTRE vs NHI: CareTrust REIT and National Health Investors compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- CareTrust REIT is the larger company, worth $8.3B, about 2.5 times National Health Investors.
- On earnings, National Health Investors is the cheaper stock (21.4x vs 22.1x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CTRE | NHI |
|---|---|---|
| Market cap | $8.3B | $3.2B |
| Share price | $36.03 | $64.85 |
| Revenue (last fiscal year) | $1M | $80M |
| Free cash flow (last fiscal year) | $379M | -$57M |
| Revenue growth, last year | — | +215.0% |
| Revenue growth per year, last 5 fiscal years | — | — |
| Operating margin | 8.1% | — |
| Net margin | 128.9% | 124.7% |
| Return on equity | 7.9% | 10.6% |
| P/E (trailing) | 22.1x | 21.4x |
| Price / free cash flow | 21.8x | 14.7x |
| EV / EBITDA | 17.1x | 17.3x |
| FCF growth the price implies | 6.1% | — |
| Dividend yield | 3.9% | 5.5% |
| Debt / equity | 0.32x | 0.88x |
| Fundamental grade | B | C |
| Superinvestors holding it | 3 | 0 |
| Insider purchases, last 12 months | 0 | 3 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
CareTrust REIT
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $0 | $151M | — |
| 2022 | $0 | $137M | — |
| 2023 | $0 | $144M | — |
| 2024 | $0 | $236M | — |
| 2025 | $1M | $379M | -16753.6% |
National Health Investors
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $0 | $161M | — |
| 2022 | $36M | $174M | — |
| 2023 | $49M | $135M | — |
| 2024 | $54M | $50M | — |
| 2025 | $80M | -$57M | — |
Where the revenue comes from
CareTrust REIT
No segment breakdown reported.
National Health Investors · by segments, 2025
Investments$296M79%
SHOP$80M21%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open CTRE in InvestinglyQuestions
Which is bigger, CareTrust REIT or National Health Investors?
CareTrust REIT (CTRE), at $8.3B against $3.2B.
Is CTRE or NHI cheaper?
By trailing P/E, National Health Investors (21.4x) is cheaper than CareTrust REIT (22.1x). A lower multiple can also mean the market expects less growth.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.