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Side-by-side financial comparison of NATIONAL HEALTHCARE CORP (NHC) and BLUE OWL CAPITAL INC. (OWL). Click either name above to swap in a different company.

BLUE OWL CAPITAL INC. is the larger business by last-quarter revenue ($755.6M vs $386.5M, roughly 2.0× NATIONAL HEALTHCARE CORP). NATIONAL HEALTHCARE CORP runs the higher net margin — 6.4% vs 6.3%, a 0.1% gap on every dollar of revenue. On growth, BLUE OWL CAPITAL INC. posted the faster year-over-year revenue change (19.7% vs 4.6%). BLUE OWL CAPITAL INC. produced more free cash flow last quarter ($359.1M vs $6.4M). Over the past eight quarters, BLUE OWL CAPITAL INC.'s revenue compounded faster (21.3% CAGR vs 14.0%).

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...

Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.

NHC vs OWL — Head-to-Head

Bigger by revenue
OWL
OWL
2.0× larger
OWL
$755.6M
$386.5M
NHC
Growing faster (revenue YoY)
OWL
OWL
+15.0% gap
OWL
19.7%
4.6%
NHC
Higher net margin
NHC
NHC
0.1% more per $
NHC
6.4%
6.3%
OWL
More free cash flow
OWL
OWL
$352.7M more FCF
OWL
$359.1M
$6.4M
NHC
Faster 2-yr revenue CAGR
OWL
OWL
Annualised
OWL
21.3%
14.0%
NHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NHC
NHC
OWL
OWL
Revenue
$386.5M
$755.6M
Net Profit
$24.8M
$47.7M
Gross Margin
Operating Margin
8.6%
22.2%
Net Margin
6.4%
6.3%
Revenue YoY
4.6%
19.7%
Net Profit YoY
308.6%
129.8%
EPS (diluted)
$1.58
$0.07

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
NHC
NHC
OWL
OWL
Q4 25
$386.5M
$755.6M
Q3 25
$382.7M
$728.0M
Q2 25
$374.9M
$703.1M
Q1 25
$373.7M
$683.5M
Q4 24
$369.4M
$631.4M
Q3 24
$340.2M
$600.9M
Q2 24
$300.7M
$549.8M
Q1 24
$297.2M
$513.3M
Net Profit
NHC
NHC
OWL
OWL
Q4 25
$24.8M
$47.7M
Q3 25
$39.2M
$6.3M
Q2 25
$23.7M
$17.4M
Q1 25
$32.2M
$7.4M
Q4 24
$6.1M
$20.7M
Q3 24
$42.8M
$29.8M
Q2 24
$26.8M
$33.9M
Q1 24
$26.2M
$25.1M
Operating Margin
NHC
NHC
OWL
OWL
Q4 25
8.6%
22.2%
Q3 25
7.9%
7.6%
Q2 25
9.1%
12.0%
Q1 25
8.2%
5.9%
Q4 24
7.8%
11.7%
Q3 24
6.7%
18.7%
Q2 24
7.5%
28.4%
Q1 24
5.3%
24.7%
Net Margin
NHC
NHC
OWL
OWL
Q4 25
6.4%
6.3%
Q3 25
10.3%
0.9%
Q2 25
6.3%
2.5%
Q1 25
8.6%
1.1%
Q4 24
1.6%
3.3%
Q3 24
12.6%
5.0%
Q2 24
8.9%
6.2%
Q1 24
8.8%
4.9%
EPS (diluted)
NHC
NHC
OWL
OWL
Q4 25
$1.58
$0.07
Q3 25
$2.50
$0.01
Q2 25
$1.52
$0.02
Q1 25
$2.07
$0.00
Q4 24
$0.38
$0.06
Q3 24
$2.73
$0.04
Q2 24
$1.73
$0.06
Q1 24
$1.69
$0.04

Balance Sheet & Financial Strength

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

Metric
NHC
NHC
OWL
OWL
Cash + ST InvestmentsLiquidity on hand
$92.8M
$194.5M
Total DebtLower is stronger
$40.0M
$3.3B
Stockholders' EquityBook value
$1.1B
$2.2B
Total Assets
$1.5B
$12.5B
Debt / EquityLower = less leverage
0.04×
1.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NHC
NHC
OWL
OWL
Q4 25
$92.8M
$194.5M
Q3 25
$130.6M
$137.3M
Q2 25
$111.0M
$117.6M
Q1 25
$90.4M
$97.6M
Q4 24
$76.1M
$152.1M
Q3 24
$84.8M
$115.9M
Q2 24
$136.2M
$436.8M
Q1 24
$94.0M
$155.8M
Total Debt
NHC
NHC
OWL
OWL
Q4 25
$40.0M
$3.3B
Q3 25
$73.1M
$3.2B
Q2 25
$110.0M
$3.2B
Q1 25
$134.0M
$3.2B
Q4 24
$137.0M
$2.6B
Q3 24
$147.0M
$2.5B
Q2 24
$2.5B
Q1 24
$2.1B
Stockholders' Equity
NHC
NHC
OWL
OWL
Q4 25
$1.1B
$2.2B
Q3 25
$1.1B
$2.3B
Q2 25
$1.0B
$2.4B
Q1 25
$1.0B
$2.3B
Q4 24
$980.2M
$2.1B
Q3 24
$983.5M
$2.0B
Q2 24
$945.8M
$1.7B
Q1 24
$924.7M
$1.6B
Total Assets
NHC
NHC
OWL
OWL
Q4 25
$1.5B
$12.5B
Q3 25
$1.6B
$12.5B
Q2 25
$1.6B
$12.3B
Q1 25
$1.5B
$12.3B
Q4 24
$1.5B
$11.0B
Q3 24
$1.6B
$10.8B
Q2 24
$1.3B
$9.7B
Q1 24
$1.3B
$9.0B
Debt / Equity
NHC
NHC
OWL
OWL
Q4 25
0.04×
1.51×
Q3 25
0.07×
1.41×
Q2 25
0.11×
1.38×
Q1 25
0.13×
1.37×
Q4 24
0.14×
1.22×
Q3 24
0.15×
1.27×
Q2 24
1.41×
Q1 24
1.26×

Cash Flow & Capital Efficiency

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

Metric
NHC
NHC
OWL
OWL
Operating Cash FlowLast quarter
$16.8M
$382.9M
Free Cash FlowOCF − Capex
$6.4M
$359.1M
FCF MarginFCF / Revenue
1.7%
47.5%
Capex IntensityCapex / Revenue
2.7%
3.1%
Cash ConversionOCF / Net Profit
0.68×
8.03×
TTM Free Cash FlowTrailing 4 quarters
$148.6M
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NHC
NHC
OWL
OWL
Q4 25
$16.8M
$382.9M
Q3 25
$66.2M
$433.1M
Q2 25
$62.8M
$422.5M
Q1 25
$39.3M
$17.6M
Q4 24
$12.8M
$324.0M
Q3 24
$34.2M
$326.0M
Q2 24
$50.7M
$302.3M
Q1 24
$9.6M
$47.2M
Free Cash Flow
NHC
NHC
OWL
OWL
Q4 25
$6.4M
$359.1M
Q3 25
$56.5M
$422.5M
Q2 25
$52.6M
$412.5M
Q1 25
$33.1M
$4.2M
Q4 24
$4.6M
$310.1M
Q3 24
$28.6M
$314.8M
Q2 24
$42.8M
$269.4M
Q1 24
$3.7M
$41.1M
FCF Margin
NHC
NHC
OWL
OWL
Q4 25
1.7%
47.5%
Q3 25
14.8%
58.0%
Q2 25
14.0%
58.7%
Q1 25
8.9%
0.6%
Q4 24
1.3%
49.1%
Q3 24
8.4%
52.4%
Q2 24
14.2%
49.0%
Q1 24
1.2%
8.0%
Capex Intensity
NHC
NHC
OWL
OWL
Q4 25
2.7%
3.1%
Q3 25
2.5%
1.5%
Q2 25
2.7%
1.4%
Q1 25
1.6%
2.0%
Q4 24
2.2%
2.2%
Q3 24
1.7%
1.9%
Q2 24
2.6%
6.0%
Q1 24
2.0%
1.2%
Cash Conversion
NHC
NHC
OWL
OWL
Q4 25
0.68×
8.03×
Q3 25
1.69×
68.64×
Q2 25
2.65×
24.25×
Q1 25
1.22×
2.37×
Q4 24
2.10×
15.62×
Q3 24
0.80×
10.94×
Q2 24
1.89×
8.91×
Q1 24
0.37×
1.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NHC
NHC

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

OWL
OWL

Credit Platform$455.0M60%
GP Strategic Capital Platform$157.0M21%
Administrative Service$87.6M12%
IPI Partners LLC$33.8M4%
Other$22.2M3%

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