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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and NATIONAL HEALTHCARE CORP (NHC). Click either name above to swap in a different company.

NATIONAL HEALTHCARE CORP is the larger business by last-quarter revenue ($386.5M vs $364.8M, roughly 1.1× Arhaus, Inc.). NATIONAL HEALTHCARE CORP runs the higher net margin — 6.4% vs 4.1%, a 2.3% gap on every dollar of revenue. On growth, Arhaus, Inc. posted the faster year-over-year revenue change (5.1% vs 4.6%). NATIONAL HEALTHCARE CORP produced more free cash flow last quarter ($6.4M vs $-8.8M). Over the past eight quarters, NATIONAL HEALTHCARE CORP's revenue compounded faster (14.0% CAGR vs 11.2%).

Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.

HCA Healthcare, Inc. is an American global for-profit operator of health care facilities that was founded in 1968. It is based in Nashville, Tennessee, and, as of May 2020, owned and operated 186 hospitals and approximately 2,400 sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics in 20 states and the United Kingdom. As of 2024, HCA Healthcare is ranked #61 on the Fortune 500 rankings of the largest United States corporations by to...

ARHS vs NHC — Head-to-Head

Bigger by revenue
NHC
NHC
1.1× larger
NHC
$386.5M
$364.8M
ARHS
Growing faster (revenue YoY)
ARHS
ARHS
+0.5% gap
ARHS
5.1%
4.6%
NHC
Higher net margin
NHC
NHC
2.3% more per $
NHC
6.4%
4.1%
ARHS
More free cash flow
NHC
NHC
$15.2M more FCF
NHC
$6.4M
$-8.8M
ARHS
Faster 2-yr revenue CAGR
NHC
NHC
Annualised
NHC
14.0%
11.2%
ARHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARHS
ARHS
NHC
NHC
Revenue
$364.8M
$386.5M
Net Profit
$15.1M
$24.8M
Gross Margin
38.1%
Operating Margin
5.6%
8.6%
Net Margin
4.1%
6.4%
Revenue YoY
5.1%
4.6%
Net Profit YoY
-29.1%
308.6%
EPS (diluted)
$0.11
$1.58

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARHS
ARHS
NHC
NHC
Q4 25
$364.8M
$386.5M
Q3 25
$344.6M
$382.7M
Q2 25
$358.4M
$374.9M
Q1 25
$311.4M
$373.7M
Q4 24
$347.0M
$369.4M
Q3 24
$319.1M
$340.2M
Q2 24
$309.8M
$300.7M
Q1 24
$295.2M
$297.2M
Net Profit
ARHS
ARHS
NHC
NHC
Q4 25
$15.1M
$24.8M
Q3 25
$12.2M
$39.2M
Q2 25
$35.1M
$23.7M
Q1 25
$4.9M
$32.2M
Q4 24
$21.3M
$6.1M
Q3 24
$9.9M
$42.8M
Q2 24
$22.2M
$26.8M
Q1 24
$15.1M
$26.2M
Gross Margin
ARHS
ARHS
NHC
NHC
Q4 25
38.1%
Q3 25
38.7%
Q2 25
41.4%
Q1 25
37.1%
Q4 24
40.0%
Q3 24
38.6%
Q2 24
40.1%
Q1 24
39.0%
Operating Margin
ARHS
ARHS
NHC
NHC
Q4 25
5.6%
8.6%
Q3 25
4.8%
7.9%
Q2 25
13.0%
9.1%
Q1 25
1.7%
8.2%
Q4 24
8.2%
7.8%
Q3 24
3.3%
6.7%
Q2 24
9.5%
7.5%
Q1 24
6.2%
5.3%
Net Margin
ARHS
ARHS
NHC
NHC
Q4 25
4.1%
6.4%
Q3 25
3.5%
10.3%
Q2 25
9.8%
6.3%
Q1 25
1.6%
8.6%
Q4 24
6.1%
1.6%
Q3 24
3.1%
12.6%
Q2 24
7.2%
8.9%
Q1 24
5.1%
8.8%
EPS (diluted)
ARHS
ARHS
NHC
NHC
Q4 25
$0.11
$1.58
Q3 25
$0.09
$2.50
Q2 25
$0.25
$1.52
Q1 25
$0.03
$2.07
Q4 24
$0.15
$0.38
Q3 24
$0.07
$2.73
Q2 24
$0.16
$1.73
Q1 24
$0.11
$1.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARHS
ARHS
NHC
NHC
Cash + ST InvestmentsLiquidity on hand
$253.4M
$92.8M
Total DebtLower is stronger
$40.0M
Stockholders' EquityBook value
$418.2M
$1.1B
Total Assets
$1.4B
$1.5B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARHS
ARHS
NHC
NHC
Q4 25
$253.4M
$92.8M
Q3 25
$262.2M
$130.6M
Q2 25
$234.8M
$111.0M
Q1 25
$214.4M
$90.4M
Q4 24
$197.5M
$76.1M
Q3 24
$177.7M
$84.8M
Q2 24
$174.2M
$136.2M
Q1 24
$233.2M
$94.0M
Total Debt
ARHS
ARHS
NHC
NHC
Q4 25
$40.0M
Q3 25
$73.1M
Q2 25
$110.0M
Q1 25
$134.0M
Q4 24
$137.0M
Q3 24
$147.0M
Q2 24
Q1 24
Stockholders' Equity
ARHS
ARHS
NHC
NHC
Q4 25
$418.2M
$1.1B
Q3 25
$400.4M
$1.1B
Q2 25
$385.6M
$1.0B
Q1 25
$348.8M
$1.0B
Q4 24
$343.7M
$980.2M
Q3 24
$320.6M
$983.5M
Q2 24
$309.3M
$945.8M
Q1 24
$285.6M
$924.7M
Total Assets
ARHS
ARHS
NHC
NHC
Q4 25
$1.4B
$1.5B
Q3 25
$1.4B
$1.6B
Q2 25
$1.3B
$1.6B
Q1 25
$1.3B
$1.5B
Q4 24
$1.2B
$1.5B
Q3 24
$1.2B
$1.6B
Q2 24
$1.2B
$1.3B
Q1 24
$1.2B
$1.3B
Debt / Equity
ARHS
ARHS
NHC
NHC
Q4 25
0.04×
Q3 25
0.07×
Q2 25
0.11×
Q1 25
0.13×
Q4 24
0.14×
Q3 24
0.15×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARHS
ARHS
NHC
NHC
Operating Cash FlowLast quarter
$9.3M
$16.8M
Free Cash FlowOCF − Capex
$-8.8M
$6.4M
FCF MarginFCF / Revenue
-2.4%
1.7%
Capex IntensityCapex / Revenue
5.0%
2.7%
Cash ConversionOCF / Net Profit
0.62×
0.68×
TTM Free Cash FlowTrailing 4 quarters
$59.0M
$148.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARHS
ARHS
NHC
NHC
Q4 25
$9.3M
$16.8M
Q3 25
$46.1M
$66.2M
Q2 25
$34.9M
$62.8M
Q1 25
$46.5M
$39.3M
Q4 24
$31.7M
$12.8M
Q3 24
$31.1M
$34.2M
Q2 24
$47.5M
$50.7M
Q1 24
$36.8M
$9.6M
Free Cash Flow
ARHS
ARHS
NHC
NHC
Q4 25
$-8.8M
$6.4M
Q3 25
$28.0M
$56.5M
Q2 25
$20.9M
$52.6M
Q1 25
$18.9M
$33.1M
Q4 24
$13.0M
$4.6M
Q3 24
$4.6M
$28.6M
Q2 24
$11.3M
$42.8M
Q1 24
$10.9M
$3.7M
FCF Margin
ARHS
ARHS
NHC
NHC
Q4 25
-2.4%
1.7%
Q3 25
8.1%
14.8%
Q2 25
5.8%
14.0%
Q1 25
6.1%
8.9%
Q4 24
3.7%
1.3%
Q3 24
1.4%
8.4%
Q2 24
3.6%
14.2%
Q1 24
3.7%
1.2%
Capex Intensity
ARHS
ARHS
NHC
NHC
Q4 25
5.0%
2.7%
Q3 25
5.3%
2.5%
Q2 25
3.9%
2.7%
Q1 25
8.9%
1.6%
Q4 24
5.4%
2.2%
Q3 24
8.3%
1.7%
Q2 24
11.7%
2.6%
Q1 24
8.8%
2.0%
Cash Conversion
ARHS
ARHS
NHC
NHC
Q4 25
0.62×
0.68×
Q3 25
3.77×
1.69×
Q2 25
1.00×
2.65×
Q1 25
9.53×
1.22×
Q4 24
1.49×
2.10×
Q3 24
3.14×
0.80×
Q2 24
2.14×
1.89×
Q1 24
2.44×
0.37×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARHS
ARHS

Sales Channel Retail$305.7M84%
Sales Channel E Commerce$59.2M16%

NHC
NHC

Inpatient Services Segment$333.7M86%
Homecare Services Segment$40.0M10%
Other$11.2M3%
National$1.6M0%

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