Tearsheet

Nutex Health (NUTX)


Market Price (3/17/2026): $94.36 | Market Cap: $667.2 Mil
Sector: Health Care | Industry: Health Care Facilities

Nutex Health (NUTX)


Market Price (3/17/2026): $94.36
Market Cap: $667.2 Mil
Sector: Health Care
Industry: Health Care Facilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.9%, FCF Yield is 37%
Weak multi-year price returns
3Y Excs Rtn is -127%
Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -41%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 82%
Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13%
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 31%
  High stock price volatility
Vol 12M is 118%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%
  Key risks
NUTX key risks include [1] a heavy dependence on volatile out-of-network arbitration revenue, Show more.
4 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Digital Health & Telemedicine. Themes include Geriatric Care, Diabetes Management, Show more.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.9%, FCF Yield is 37%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 82%
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 31%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%
4 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Digital Health & Telemedicine. Themes include Geriatric Care, Diabetes Management, Show more.
5 Weak multi-year price returns
3Y Excs Rtn is -127%
6 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
7 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -41%
8 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13%
9 High stock price volatility
Vol 12M is 118%
10 Key risks
NUTX key risks include [1] a heavy dependence on volatile out-of-network arbitration revenue, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Nutex Health (NUTX) stock has lost about 20% since 11/30/2025 because of the following key factors:

1. Nutex Health experienced a significant decline following its Q4 2025 earnings report, which revealed a substantial year-over-year revenue plunge. The company's Q4 2025 revenue decreased by 41.1% to $151.7 million compared to the same period in 2024. This contributed to a sharp drop in net income, which fell to $11.8 million for Q4 2025, down from $61.6 million in Q4 2024. Following the announcement on March 5, 2026, the stock price dropped by 17.41% in premarket trading to $87.

2. A substantial arbitration claim adjustment significantly impacted Q4 2025 revenue, highlighting the company's reliance on arbitration-related income. The 41.1% revenue decline in Q4 2025 was directly attributed to a $55 million arbitration claim adjustment. For the full year 2025, approximately 63%, or $527.8 million, of the hospital revenue was tied to higher acuity claims and successes in the Independent Dispute Resolution (IDR) process. This reliance makes the company's financial performance susceptible to the timing and outcomes of these arbitration processes, as indicated by the shift in EPS from $11.81 in Q4 2024 to $1.67 in Q4 2025.

Show more

Stock Movement Drivers

Fundamental Drivers

The -19.5% change in NUTX stock from 11/30/2025 to 3/16/2026 was primarily driven by a -34.2% change in the company's Net Income Margin (%).
(LTM values as of)113020253162026Change
Stock Price ($)115.1192.70-19.5%
Change Contribution By: 
Total Revenues ($ Mil)981875-10.8%
Net Income Margin (%)12.3%8.1%-34.2%
P/E Multiple6.49.344.7%
Shares Outstanding (Mil)77-5.2%
Cumulative Contribution-19.5%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/16/2026
ReturnCorrelation
NUTX-19.5% 
Market (SPY)-2.1%36.7%
Sector (XLV)-4.2%3.9%

Fundamental Drivers

The 10.6% change in NUTX stock from 8/31/2025 to 3/16/2026 was primarily driven by a 43.7% change in the company's P/E Multiple.
(LTM values as of)83120253162026Change
Stock Price ($)83.7992.7010.6%
Change Contribution By: 
Total Revenues ($ Mil)62487540.2%
Net Income Margin (%)11.8%8.1%-31.5%
P/E Multiple6.49.343.7%
Shares Outstanding (Mil)67-19.9%
Cumulative Contribution10.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/16/2026
ReturnCorrelation
NUTX10.6% 
Market (SPY)4.0%31.9%
Sector (XLV)10.4%1.5%

Fundamental Drivers

The 68.9% change in NUTX stock from 2/28/2025 to 3/16/2026 was primarily driven by a 199.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820253162026Change
Stock Price ($)54.9092.7068.9%
Change Contribution By: 
Total Revenues ($ Mil)292875199.7%
P/S Multiple1.00.7-21.9%
Shares Outstanding (Mil)57-27.9%
Cumulative Contribution68.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/16/2026
ReturnCorrelation
NUTX68.9% 
Market (SPY)13.6%24.7%
Sector (XLV)2.7%-3.6%

Fundamental Drivers

The -54.9% change in NUTX stock from 2/28/2023 to 3/16/2026 was primarily driven by a -80.7% change in the company's P/S Multiple.
(LTM values as of)22820233162026Change
Stock Price ($)205.5092.70-54.9%
Change Contribution By: 
Total Revenues ($ Mil)229875282.3%
P/S Multiple3.90.7-80.7%
Shares Outstanding (Mil)47-38.8%
Cumulative Contribution-54.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/16/2026
ReturnCorrelation
NUTX-54.9% 
Market (SPY)75.1%20.1%
Sector (XLV)24.3%6.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NUTX Return0%35%-91%17%419%-46%-58%
Peers Return24%-18%11%-1%19%-1%32%
S&P 500 Return27%-19%24%23%16%-3%77%

Monthly Win Rates [3]
NUTX Win Rate0%42%17%50%58%0% 
Peers Win Rate59%50%57%52%58%53% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
NUTX Max Drawdown0%-61%-91%-84%-3%-47% 
Peers Max Drawdown-18%-39%-14%-24%-21%-16% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-3% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PRVA, AGL, THC, HCA, UHS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/16/2026 (YTD)

How Low Can It Go

Unique KeyEventNUTXS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-99.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven22757.1%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-49.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven96.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven742 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-97.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven3233.3%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven4 days120 days

Compare to PRVA, AGL, THC, HCA, UHS

In The Past

Nutex Health's stock fell -99.6% during the 2022 Inflation Shock from a high on 4/4/2022. A -99.6% loss requires a 22757.1% gain to breakeven.

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About Nutex Health (NUTX)

Nutex Health, Inc. operates as a technology-enabled healthcare services company. It operates through two divisions: Hospital division and Population Health Management division. The Hospital division implements and operates health care models, including micro-hospitals, specialty hospitals, and hospital outpatient departments. This division owns and operates 21 facilities in 8 states. The Population Health Management division owns and operates provider networks, such as independent physician associations. Its management services organizations provide management, administrative, and other support services to its affiliated hospitals and physician groups. This division's cloud-based proprietary technology platform aggregates data across multiple information systems, settings, and sources to create a holistic view of each patient and provider, as well as allows to deliver care. The company is based in Houston, Texas.

AI Analysis | Feedback

  • Imagine a company like **Optum** (UnitedHealth Group's health services arm) that not only provides tech-enabled healthcare management services but also owns and operates its own network of specialized hospitals.
  • Think of it as a specialized version of **HCA Healthcare** (a large hospital operator) that has also built a sophisticated data analytics and management platform for healthcare, similar to a sector-specific **Palantir** for patient and provider networks.

AI Analysis | Feedback

  • Healthcare Facility Operation: Provides direct patient care through the operation of micro-hospitals, specialty hospitals, and hospital outpatient departments.
  • Provider Network Management: Manages and operates networks of healthcare providers, such as independent physician associations.
  • Healthcare Administrative Services: Offers management, administrative, and support services to affiliated hospitals and physician groups.
  • Population Health Technology Platform: Delivers a cloud-based proprietary technology platform for aggregating health data to support holistic patient care and provider management.

AI Analysis | Feedback

The public company Nutex Health (symbol: NUTX) primarily sells its healthcare services to individuals.

Nutex Health operates a Hospital division that owns and operates 21 healthcare facilities, including micro-hospitals, specialty hospitals, and hospital outpatient departments. Its Population Health Management division owns and operates provider networks, such as independent physician associations, and provides management, administrative, and support services to its affiliated hospitals and physician groups. In both divisions, the ultimate recipients of care and primary customers are individuals.

The company serves the following categories of individual customers:

  1. Patients seeking acute and specialty care: Individuals who visit Nutex's micro-hospitals and specialty hospitals for urgent medical needs, specific treatments, or surgical procedures.
  2. Patients utilizing outpatient services: Individuals accessing services at Nutex's hospital outpatient departments, which may include diagnostic testing, therapy, minor procedures, and follow-up care.
  3. Patients managed through provider networks: Individuals who receive primary care and coordinated health management services from the physicians and providers within Nutex's independent physician associations and broader provider networks.

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Thomas T. Vo, M.D., MBA Chief Executive Officer & Chairman of the Board

Dr. Vo was appointed CEO on April 1, 2022, and also serves as the Chairman of the Board. He is a founder and executive officer of Nutex affiliates since 2010. Prior to his role at Nutex Health, he worked as an emergency medicine physician in Houston for over 20 years and was instrumental in the co-leading of over 40 freestanding emergency departments and micro-hospitals since 2008. He was a founder and original partner at Neighbors Emergency Center between 2008 and 2011. He founded Nutex Health. In 2020, Dr. Vo received the prestigious EY Entrepreneur Of The Year® award.

Jon Bates, MBA, CPA Chief Financial Officer

Mr. Bates was appointed Chief Financial Officer effective on or about June 30, 2022. He is an experienced finance leader with a CPA and MBA. Since 2006, he served as Vice President of Accounting and Corporate Controller at U.S. Physical Therapy, Inc. (NYSE: USPH), one of the largest publicly traded operators of outpatient physical therapy clinics. In this role, he was responsible for monitoring closing processes for over 600 locations with approximately $500 million in annual revenues and managed merger and acquisition tasks from valuation/modeling to due diligence and integration post-acquisition. His prior roles include Chief Financial Officer and Chief Accounting Officer at Commerciant, L.P., Chief Accounting Officer and Corporate Controller at National Alarm Technologies LLC, Assistant Corporate Controller at American Residential Services, Inc., and Senior Auditor at Arthur Andersen LLP.

Warren Hosseinion, M.D. President

Dr. Hosseinion serves as the President and a Director of Nutex Health. He previously held the positions of Chief Executive Officer and Chairman of the Board of Clinigence Holdings, Inc. He is also a Co-Founder of Apollo Medical Holdings, Inc. (NASDAQ: AMEH), where he served as a member of the Board of Directors from July 2008 until March 2019, Chief Executive Officer from July 2008 to December 2017, and Co-Chief Executive Officer from December 2017 to March 2019. Additionally, Dr. Hosseinion co-founded ApolloMed Hospitalists in 2001.

Wesley Bamburg, FACHE Chief Operating Officer

Mr. Bamburg was appointed Chief Operating Officer effective October 13, 2025. He brings 20 years of Fortune 500 experience in healthcare operations, business development, integrated network management, and physician relations. Before joining Nutex Health, he served as Chief Operating Officer for HCA Houston Healthcare North Cypress since July 2024 and as Chief Operating Officer at HCA Houston Healthcare Medical Center from 2019 to 2024. Mr. Bamburg began his career with HCA Healthcare in 2013 as the Gulf Coast Division’s Vice President of Payor Contracting & Alignment.

Michael Chang, M.D. Chief Medical Officer

Dr. Chang serves as the Chief Medical Officer of Nutex Health.

AI Analysis | Feedback

The key risks to Nutex Health's business include:

  1. Regulatory and Reimbursement Environment

    Nutex Health's operations, particularly its hospital division which includes micro-hospitals and specialty hospitals, are highly susceptible to changes in healthcare regulations and reimbursement policies. The healthcare industry is subject to extensive and evolving federal, state, and local laws and regulations concerning licensure, accreditation, privacy, and billing practices. Changes in government healthcare programs, such as Medicare and Medicaid, or private insurer reimbursement rates, could significantly impact the company's revenue and operational viability, especially as micro-hospitals have faced scrutiny regarding their cost-effectiveness and necessity.

  2. Intense Competition and Operational Challenges in Healthcare Delivery

    Operating 21 facilities across 8 states means Nutex Health faces significant competition from established, larger hospital systems, other specialty providers, and outpatient clinics. The healthcare services market is highly competitive, and the company must continuously attract patients and qualified medical professionals. Furthermore, the ownership and operation of healthcare facilities are capital-intensive, requiring substantial ongoing investment in equipment, technology, and staffing, which can be challenging in an environment of rising costs and potential labor shortages.

  3. Technology Dependence and Data Security Risks

    The Population Health Management division heavily relies on its cloud-based proprietary technology platform to aggregate data and deliver care. This dependence introduces significant risks related to cybersecurity breaches, system failures, and the protection of sensitive patient data. A breach could lead to severe financial penalties under regulations like HIPAA, reputational damage, and loss of trust from patients and providers. Additionally, continuous investment is required to maintain, update, and secure this technology platform against evolving threats and ensure its effectiveness in supporting care delivery and management services.

AI Analysis | Feedback

The increasing sophistication and adoption of virtual-first healthcare models pose a clear emerging threat. As advanced telemedicine, remote diagnostics, and AI-driven health platforms continue to evolve, they could significantly reduce the necessity for physical visits to Nutex Health's micro-hospitals, specialty hospitals, and hospital outpatient departments, thereby eroding the demand for its facility-based services.

Another clear emerging threat is the aggressive expansion of major Electronic Health Record (EHR) vendors and large health insurance payers into comprehensive population health management solutions. As these dominant industry players integrate increasingly robust population health capabilities directly into their core systems and incentivize their use across provider networks, Nutex Health's independent proprietary technology platform could face substantial challenges in market adoption and maintaining competitive relevance against integrated, bundled, or mandated solutions from larger ecosystems.

AI Analysis | Feedback

The addressable markets for Nutex Health's main products and services in the U.S. are substantial across its two divisions:

Hospital Division

  • Micro-Hospitals: The micro-hospitals market in the U.S. was valued at approximately USD 245.82 billion in 2022 and is projected to grow to about USD 455 billion by 2030.
  • Specialty Hospitals: The market size for Specialty Hospitals in the U.S. was approximately USD 66.5 billion in 2024 and is expected to reach USD 66.8 billion in 2025.
  • Hospital Outpatient Departments: The U.S. hospital services market size is valued at USD 2.64 trillion in 2025, with outpatient services accounting for the largest share at 52% in the same year. This indicates an addressable market of approximately USD 1.37 trillion for hospital outpatient services in the U.S. in 2025.

Population Health Management Division

  • Population Health Management Services: The United States population health management market size was valued at approximately USD 25.6 billion in 2025 and is estimated to reach USD 124.9 billion by 2034.

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Nutex Health (NASDAQ: NUTX) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and operational strengths across its Hospital and Population Health Management divisions.

Here are key expected drivers of future revenue growth:

  1. Expansion of Hospital Division through New Facility Development: Nutex Health plans to continue expanding its hospital network by developing new facilities. The company successfully opened three new hospitals in 2025 and early 2026, increasing its footprint to 27 facilities across 12 states. Management has indicated plans for further "de novo hospital development" as a core growth strategy.
  2. Increased Patient Volumes at Existing Facilities: The company anticipates growth from higher patient volumes across its current hospital portfolio. In 2025, hospital division visits increased by 11.8% year-over-year to 188,279. The CEO has specifically highlighted growth in both emergency room visits and inpatient admissions, indicating heightened demand and improved operational efficiency at existing sites.
  3. Continued Success in Independent Dispute Resolution (IDR) and Higher Acuity Claims: A significant portion of Nutex Health's hospital revenue in 2025 (approximately 63% or $527.8 million) was attributed to higher acuity claims and successful outcomes in the Independent Dispute Resolution process. The company reports prevailing in over 85% of IDR determinations, with a high collection rate. Nutex Health intends to continue its strategic participation in arbitration processes under the No Surprises Act to enhance revenue. Furthermore, patient revenue per visit has shown significant improvements due to enhanced negotiated rates, higher case acuity, and increased overnight stays.
  4. Expansion of Population Health Management Division with New Independent Physician Associations (IPAs): Nutex Health's Population Health Management division is focused on expanding its network of independent physician associations (IPAs). The company aims to launch one to three new IPAs annually, primarily in areas surrounding its existing micro-hospitals, to leverage synergies and broaden its risk-bearing physician network.

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Share Repurchases

  • Nutex Health authorized a stock repurchase program of up to $25.0 million on August 14, 2025, with the intent to increase shareholder value and offset dilution.
  • This initial $25.0 million share repurchase program was extended through March 31, 2026.
  • On March 5, 2026, the Board of Directors authorized a second stock repurchase program, also for up to $25.0 million of the company's common stock, to be executed over the subsequent six months.

Share Issuance

  • On April 1, 2022, the merger of Nutex Health Holdco LLC and Clinigence Holdings, Inc. resulted in the issuance of an aggregate of 592,791,712 shares of common stock to the equity holders of Nutex Health Holdco LLC.
  • The company reported significant stock-based compensation expenses, totaling $117.0 million for 2025, compared to $16.6 million for 2024, which largely included one-time obligations for earn-out shares related to under-construction and ramping hospitals.
  • A $99.31 million shelf registration for 1,100,000 common shares was authorized, tied to an ESOP-related offering, indicating potential future share issuance.

Inbound Investments

  • The formation of Nutex Health Inc. on April 1, 2022, through the merger of Nutex Health Holdco LLC and Clinigence Holdings, Inc., represented a significant restructuring that integrated the assets and equity of Nutex Health Holdco LLC into the public entity.

Outbound Investments

  • In 2022, payments for acquisitions of businesses, net of cash acquired, amounted to $704 thousand.
  • Cash related to asset acquisitions totaled $4.312 million in 2025.

Capital Expenditures

  • In Q4 2025, Nutex Health Inc. invested $1.4 million in capital expenditures, marking a 366.6% increase from the prior quarter.
  • A primary focus of capital allocation is the expansion of the company's hospital division, involving the implementation and operation of new micro-hospitals, specialty hospitals, and hospital outpatient departments.
  • The company expanded its operations to 27 hospital facilities across 12 states by the end of 2025, up from 21 facilities in 8 states previously, demonstrating ongoing capital deployment for network growth.

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

NUTXPRVAAGLTHCHCAUHSMedian
NameNutex He.Privia H.Agilon H.Tenet He.HCA Heal.Universa. 
Mkt Price92.7021.960.60219.30524.41193.47143.09
Mkt Cap0.72.70.219.1118.912.07.4
Rev LTM8752,1235,93321,31075,60017,36511,649
Op Inc LTM27634-4273,43911,9651,9941,135
FCF LTM246163-1492,5307,692825535
FCF 3Y Avg86118-1451,7566,006824471
CFO LTM248163-1063,54012,6361,8641,056
CFO 3Y Avg91118-1072,65410,8601,733925

Growth & Margins

NUTXPRVAAGLTHCHCAUHSMedian
NameNutex He.Privia H.Agilon H.Tenet He.HCA Heal.Universa. 
Rev Chg LTM82.4%22.3%-2.1%3.1%7.1%9.7%8.4%
Rev Chg 3Y Avg63.0%16.4%39.7%3.6%7.9%9.0%12.7%
Rev Chg Q-41.1%17.4%3.1%8.9%6.7%9.1%7.8%
QoQ Delta Rev Chg LTM-10.8%3.9%0.8%2.2%1.7%2.2%1.9%
Op Mgn LTM31.5%1.6%-7.2%16.1%15.8%11.5%13.7%
Op Mgn 3Y Avg19.9%1.3%-5.8%14.0%15.2%10.1%12.1%
QoQ Delta Op Mgn LTM-5.1%0.2%-0.8%0.1%0.2%0.0%0.1%
CFO/Rev LTM28.3%7.7%-1.8%16.6%16.7%10.7%13.7%
CFO/Rev 3Y Avg11.2%6.3%-2.1%12.7%15.4%10.9%11.1%
FCF/Rev LTM28.1%7.7%-2.5%11.9%10.2%4.7%8.9%
FCF/Rev 3Y Avg9.6%6.3%-2.8%8.4%8.5%5.2%7.3%

Valuation

NUTXPRVAAGLTHCHCAUHSMedian
NameNutex He.Privia H.Agilon H.Tenet He.HCA Heal.Universa. 
Mkt Cap0.72.70.219.1118.912.07.4
P/S0.71.30.00.91.60.70.8
P/EBIT2.579.0-0.65.39.85.65.5
P/E9.3118.0-0.613.617.58.111.4
P/CFO2.616.6-2.45.49.46.45.9
Total Yield11.9%0.8%-157.3%7.4%6.3%12.8%6.8%
Dividend Yield1.1%0.0%0.0%0.0%0.6%0.4%0.2%
FCF Yield 3Y Avg8.6%4.4%-22.8%15.1%7.1%6.9%7.0%
D/E0.50.00.10.70.40.40.4
Net D/E0.3-0.2-1.00.50.40.40.3

Returns

NUTXPRVAAGLTHCHCAUHSMedian
NameNutex He.Privia H.Agilon H.Tenet He.HCA Heal.Universa. 
1M Rtn-7.0%-1.9%64.9%-5.1%-2.9%-17.5%-4.0%
3M Rtn-47.3%-9.8%-10.2%11.1%9.9%-13.5%-10.0%
6M Rtn-3.1%-1.7%-46.4%17.4%30.5%2.2%0.3%
12M Rtn76.9%-7.5%-85.3%78.8%65.4%15.8%40.6%
3Y Rtn-42.0%-18.9%-97.8%298.3%113.9%64.4%22.8%
1M Excs Rtn-9.8%4.1%65.7%-3.6%-0.1%-15.3%-1.8%
3M Excs Rtn-48.4%-8.6%-14.5%13.8%11.6%-10.8%-9.7%
6M Excs Rtn-6.4%-5.4%-46.1%12.0%28.1%-0.7%-3.0%
12M Excs Rtn81.6%-27.4%-106.5%62.2%46.5%-2.9%21.8%
3Y Excs Rtn-126.8%-91.8%-168.5%228.3%42.1%-7.0%-49.4%

Comparison Analyses

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Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Hospital division608279314287 
Population health management division288478  
Real estate division193640107 
Total655398432395 


Price Behavior

Price Behavior
Market Price$92.70 
Market Cap ($ Bil)0.6 
First Trading Date04/08/2013 
Distance from 52W High-51.3% 
   50 Days200 Days
DMA Price$128.80$120.43
DMA Trenddowndown
Distance from DMA-28.0%-23.0%
 3M1YR
Volatility97.6%117.6%
Downside Capture549.81225.03
Upside Capture227.83243.87
Correlation (SPY)39.0%23.1%
NUTX Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta2.992.592.862.551.441.42
Up Beta-0.721.55-1.120.681.481.35
Down Beta3.201.262.241.470.351.40
Up Capture249%144%525%650%555%160%
Bmk +ve Days9203170142431
Stock +ve Days10183265131359
Down Capture513%455%349%250%143%111%
Bmk -ve Days12213054109320
Stock -ve Days11232959119385

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NUTX
NUTX97.9%118.3%1.10-
Sector ETF (XLV)6.4%17.5%0.20-4.5%
Equity (SPY)22.5%18.9%0.9423.2%
Gold (GLD)68.7%26.2%1.982.5%
Commodities (DBC)19.7%17.3%0.91-2.0%
Real Estate (VNQ)9.3%16.2%0.373.7%
Bitcoin (BTCUSD)-9.2%44.2%-0.0916.4%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NUTX
NUTX-56.8%135.8%-0.17-
Sector ETF (XLV)7.5%14.5%0.337.6%
Equity (SPY)13.1%17.0%0.6018.6%
Gold (GLD)23.6%17.2%1.124.2%
Commodities (DBC)11.2%19.0%0.472.2%
Real Estate (VNQ)4.9%18.8%0.1615.0%
Bitcoin (BTCUSD)6.1%56.7%0.3311.8%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NUTX
NUTX-43.7%150.5%-0.15-
Sector ETF (XLV)10.1%16.5%0.5010.6%
Equity (SPY)14.7%17.9%0.7017.7%
Gold (GLD)14.4%15.6%0.766.8%
Commodities (DBC)8.4%17.6%0.392.7%
Real Estate (VNQ)5.6%20.7%0.2416.3%
Bitcoin (BTCUSD)67.9%66.8%1.078.3%

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Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity0.9 Mil
Short Interest: % Change Since 21520265.6%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest6.8 days
Basic Shares Quantity7.1 Mil
Short % of Basic Shares13.1%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/5/2026-14.3%-17.4% 
11/18/202513.1%20.2%73.3%
8/21/2025-3.9%-8.1%3.7%
3/31/202551.8%60.3%133.8%
11/7/20249.2%8.4%32.2%
8/8/202427.8%65.3%163.9%
3/28/2024-0.9%-18.0%-56.5%
11/9/2023-4.0%-6.8%-25.5%
...
SUMMARY STATS   
# Positive666
# Negative776
Median Positive11.2%35.3%89.6%
Median Negative-4.4%-8.1%-25.0%
Max Positive51.8%65.3%163.9%
Max Negative-14.3%-22.9%-56.5%

SEC Filings

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Report DateFiling DateFiling
12/31/202503/05/202610-K
09/30/202511/19/202510-Q
06/30/202511/18/202510-Q
03/31/202505/13/202510-Q
12/31/202403/31/202510-K
09/30/202411/07/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202303/29/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/15/202310-Q
12/31/202203/03/202310-K
09/30/202211/21/202210-Q
06/30/202208/22/202210-Q
03/31/202205/13/202210-Q

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bates, Jon ChristianChief Financial OfficerDirectBuy11282025136.71750102,532770,770Form
2Bates, Jon ChristianChief Financial OfficerDirectBuy414202581.811,00081,810399,887Form