NMI Holdings Inc NMIH

41.23 (0.34) (0.82%) as of 25 Sep
Market cap
$3.1B
P/E
8.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 16.96
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — 1 — — 4 4 — 1 — — 2 1
Insider Ownership 2.81%

Capital & Financial Ratios

Market Cap 3,130.00
Revenue 730.78
Net Income 395.33
Free Cash Flow 441.61
Net Debt 345.90
Current Ratio 0.56
Debt/Equity 0.15
P/E ratio 7.97
P/S ratio 4.28
P/B ratio 1.16
Past 5Y EPS Growth 12.43%
This Y EPS Growth 7.09%
Next Y EPS Growth 4.55%
Next 5Y EPS Growth 5.42%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2028 Powerpack
2027 Powerpack
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 97 54 44 72
Receivables 104 115 125 127
Inventory — — — —
Other — — — —
201 169 169 199
2023 2024 2025 Q'26
Payables 302 320 345 355
ST’ Debt — — — —
Other — — — —
302 320 345 355
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 29.41% 10.27% 10.52%
Cash Flow 26.03% 10.67% 10.19%
Earnings 0.00% 17.78% 9.91%
Book Value 20.47% 13.61% 17.11%

Revenue

Mar Jun Sep Dec Year
’26 183 188 — — —
’25 173 174 179 181 706
’24 156 162 166 167 651
’23 137 143 148 151 579
’22 127 132 131 133 523
’21 115 121 124 125 485
’20 108 108 108 110 433
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 116 143 — — —
’25 101 128 128 62 419
’24 112 118 128 36 394
’23 90 102 121 30 343
’22 80 94 108 32 313
’21 85 97 99 44 326
’20 48 80 88 38 253
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 115 140 — — —
’25 99 127 126 60 413
’24 109 116 127 34 387
’23 88 99 117 29 333
’22 78 90 105 29 303
’21 83 93 96 41 313
’20 46 76 83 35 240
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 1.28 1.38 — — —
’25 1.28 1.21 1.22 1.20 4.92
’24 1.08 1.13 1.15 1.07 4.43
’23 0.88 0.95 1.00 1.01 3.84
’22 0.77 0.86 0.90 0.86 3.39
’21 0.61 0.65 0.69 0.69 2.65
’20 0.74 0.36 0.45 0.56 2.13
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
4.19 9.90 13.35 17.38 8.06 19.43 15.33 19.21 28.67 31.90

Analyst estimates 2026–2028

Powerpack
Low Price
10.95 18.05 24.50 35.79 35.66 26.82 27.25 30.39 42.49 43.20
High Price
276 299 304 321 262 247 242 238 230 225
Employees
0 1 1 1 2 2 2 2 3 3
Revenue/Emp
124 183 275 379 433 485 523 579 651 706
Revenue
98.07% 97.08% 98.02% 96.70% 86.33% 97.46% 100.69% 96.09% 95.15% 91.84%
Gross Margin
11 53 136 217 218 297 377 413 463 500
EBT
9.25% 28.89% 49.44% 57.20% 50.34% 61.17% 72.09% 71.28% 71.19% 70.75%
EBT Margin
64 22 108 172 172 231 293 322 360 389
Net Income
9 10 13 12 18 20 19 14 13 10
Depreciation
2.10 3.06 4.23 5.61 5.55 5.67 6.16 7.03 8.15 9.10
Revenue/Sh
1.11 0.37 1.66 2.54 2.20 2.70 3.45 3.91 4.51 5.01
Earnings/Sh
1.22 1.13 2.24 3.08 3.24 3.80 3.69 4.16 4.93 5.40
Cash Flow/Sh
(0.19) (0.14) (0.12) (0.15) (0.16) (0.14) (0.12) (0.11) (0.09) (0.09)
Capex/Sh
1.02 0.99 2.12 2.93 3.08 3.66 3.57 4.04 4.84 5.31
Free CF/Sh
8.05 8.51 10.79 13.77 17.55 18.29 19.00 23.37 27.77 33.39
Book Value/Sh
59 60 65 68 78 86 85 82 80 78
Shares
9.82 47.97 10.75 13.06 10.16 8.09 6.13 7.59 8.15 8.14
PE Ratio
5.15 5.81 4.22 5.92 4.08 3.86 3.43 4.22 4.51 4.48
PS Ratio
1.34 2.09 1.65 2.41 1.29 1.19 1.11 1.27 1.32 1.22
PB Ratio
5.93 6.49 4.66 6.20 4.69 4.51 4.10 4.74 5.06 5.01
EV/Sales
12.15 20.02 9.30 11.84 8.46 6.98 7.09 8.24 8.52 8.58
EV/FCF
72 68 146 208 253 326 313 343 394 419
Op' Cash Flow
(11) (9) (8) (10) (12) (12) (11) (9) (7) (7)
Capex
60 59 138 198 240 313 303 333 387 413
FCF
(120) (151) (142) (108) (77) (157) (162) (102) (151) (176)
Working Cap'
144 144 147 146 393 395 396 398 415 417
Total Debt
97 125 121 105 266 318 352 301 361 373
Net Debt
476 509 702 930 1,370 1,566 1,614 1,926 2,217 2,592
Sh' Equity
8.52% 2.54% 10.86% 14.00% 9.72% 10.01% 11.79% 11.81% 11.45% 10.82%
ROA
1.25% 5.21% 10.33% 13.08% 8.33% 9.84% 12.00% 11.58% 11.23% 10.54%
ROIC
14.57% 4.48% 17.83% 21.07% 14.92% 15.75% 18.42% 18.20% 17.38% 16.17%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

NMI Holdings Inc (NMIH) key facts

  • NMI Holdings Inc (NMIH) is an Insurance Specialty company in the Financial sector, listed on Nasdaq.
  • NMI Holdings Inc’s revenue for fiscal 2025 (year ended December 2025) was $706.4 million, up 8.52% from fiscal 2024.
  • Net income was $388.9 million, or $5.01 per share (basic), a net margin of 55.1%.
  • As of September 25, 2026, NMIH traded at $41.23, a market capitalization of $3.1 billion.
  • At that price the stock trades at 8.0× trailing-twelve-month earnings and 4.3× sales.
  • Return on equity was 16.2% and debt-to-equity 0.15.

Source: company filings (standardised) and stockrow calculations.

NMI Holdings Inc (NMIH) Latest News

News by impact score

Fine-tune

25 Sep

3

NMI Holdings (NMIH) has fallen 7.2% over the past four weeks and now sits in oversold territory, with the RSI around 25.5. The RSI reading suggests selling pressure could be exhausted and a reversal toward prior price levels may be near. On the fundamental side, sell-side analysts broadly expect higher earnings this year, reinforcing a potential near-term uptick, and Zacks ranks NMIH #2 (Buy). The story points to a confluence of momentum signals and earnings revisions, although the revisions cited appear modest, keeping the risk in check. RSI oversold condition plus earnings-revision optimism suggest a modest near-term rebound.

24 Sep

4

Shares of NMI Holdings near a 52-week high after strong Q2 results and favorable growth signals. The stock has risen about 13.4% over six months and trades above its 200-day SMA of $40.14, signaling momentum. Drivers include rapid in-force growth, stronger new business, higher premiums, lower claims, and solid ROE. The company posted record quarterly earnings, a solid capital position, and ongoing share repurchases. Primary insurance in force rose 5.8% year over year to $227.1 billion; net premiums earned reached $157.5 million in Q2. The loss ratio improved to 8.3% and the default rate stayed low at 1.16%. PMIERs assets stood at $3.7 billion versus $2.1 billion required. With a discounted valuation relative to peers and an average target price of $49.50, the stock carries upside potential supported by buybacks and continued growth. Record Q2 earnings, stronger IIF growth, and ongoing buybacks support upside in earnings and book value.

15 Sep

3

NMI Holdings achieves strong Insured In-Force growth with potential to boost future earnings. Strong IIF growth enhances NMI Holdings prospects for higher future earnings.

3 Aug

3 transcript

NMI Holdings (NMIH) released its Q2 2026 earnings call transcript covering financial results and management discussion. Q2 earnings updates typically influence near-term stock sentiment and valuation without guaranteeing major strategic shifts.

1 Aug

4

NMI Holdings reported record Q2 results, indicating the stock could be 8% undervalued. Record Q2 results signal stronger financial performance and positive shifts in market valuation for NMI Holdings.

31 Jul

4

NMI Holdings Inc posted record revenue and EPS for Q2 2026 amid strong performance. Record Q2 2026 revenue and EPS signal major positive shift in financial trajectory and investor outlook.

3

NMI Holdings Inc reported Q2 portfolio growth alongside stable credit quality that drove outperformance. Q2 portfolio expansion and credit stability indicate moderate influence on future performance without signaling major trajectory shifts.

3 transcript

NMI Holdings Inc reported Q2 revenue growth and expanded insurance in force during its earnings call, with management noting favorable loss ratios and a positive outlook on new insurance written. Q2 earnings updates deliver financial metrics and guidance that can shift near-term investor sentiment and valuation.

3

NMI Holdings Inc (NMIH) beat Q2 earnings expectations due to premium growth and lower claims. Q2 earnings beat from premium growth and lower claims indicates positive financial performance for NMIH.

30 Jul

4

NMI Holdings Inc Q2 2026 earnings call covered financial results, operational metrics, and management outlook on mortgage insurance business. Earnings release and outlook directly shape near-term stock valuation and investor positioning.

3 transcript

NMI Holdings (NMIH) released its Q2 2026 earnings call transcript covering quarterly results and outlook. Earnings call supplies standard financial updates with limited long-term trajectory shifts.

3

NMI Holdings Inc (NMIH) reported Q2 earnings with key metrics compared against analyst estimates. Q2 earnings metrics versus estimates may moderately influence NMI Holdings financial perception and near-term stock movement.

3

NMI Holdings (NMIH) Q2 earnings and revenues exceeded estimates. Q2 earnings beat lifts short-term sentiment without altering long-term trajectory.

3

NMI Holdings Inc (NMIH) reported Q2 CY2026 sales exceeding analyst estimates. Quarterly sales beat signals moderately positive revenue performance that can influence near-term investor sentiment.

3

NMI Holdings, Inc. achieved record financial results for the second quarter of 2026. Record quarterly results demonstrate strong performance and can lift near-term investor sentiment.

3

NMI Holdings Inc (NMIH) prepares to report Q2 earnings, with focus on expected financial results, mortgage insurance metrics, and performance indicators that may shape investor sentiment. Q2 earnings preview may moderately influence NMIH stock and short-term market views without altering long-term trajectory.

23 Jul

3

NMI Holdings (NMIH) earnings are expected to grow, prompting questions on whether investors should buy the stock. Earnings growth expectations can moderately shift investor sentiment and near-term stock performance.

8 Jul

3

ESNT stock follows housing market and reinsurance trends projected for 2026, with parallel effects on mortgage insurers including NMIH. Housing and reinsurance trends exert moderate influence on NMIH financials and positioning.

30 Jun

3

NMI Holdings Inc reports mortgage insurance as key driver of revenue growth and higher profitability. Mortgage insurance gains directly support NMIH earnings expansion and operational strength.

7 May

3

NMI Holdings (NMIH) reported record Q1 revenue, but faces scrutiny over whether this obscures a strategic shift in profitability priorities. Record Q1 revenue highlights strong top-line growth, yet potential profitability shifts moderately affect financial trajectory and investor sentiment.

3 May

3

NMI Holdings Inc (NMIH) Q1 results show margin compression and credit normalization, shaping a cautious future outlook. Margin compression and credit normalization will moderately affect NMIH's financial performance without fundamentally altering its trajectory.

1 May

4

NMI Holdings Q1 earnings and revenues beat estimates, insurance in force rises year-over-year. Q1 earnings and revenue beats with year-over-year insurance in force growth demonstrate strong financial results poised to positively influence market performance and investor sentiment.

4

NMI Holdings, Inc. Q1 2026 earnings call summary covers quarterly financial results, operational updates, strategic initiatives, and forward guidance for the private mortgage insurance provider. Q1 2026 earnings results and guidance significantly shape investor sentiment and NMIH's near-term market trajectory.

4

NMI Holdings Inc (NMIH) reported record revenue and strong insurance growth in Q1 2026 earnings call highlights. Record revenue and strong insurance growth demonstrate significant financial strength boosting future performance and investor sentiment.

30 Apr

4

NMI Holdings Inc. (NMIH) released Q1 earnings call highlights detailing financial results, growth in mortgage insurance premiums, improved loss ratios, raised full-year guidance, and strong capital position. Q1 earnings highlights show strong financial performance, raised guidance, and operational improvements poised to boost investor confidence and stock trajectory.

4

Key metrics from NMI Holdings (NMIH) Q1 earnings reveal insights into financial performance, including revenue, profitability, and operational efficiency. Q1 earnings metrics directly impact NMIH's valuation, investor sentiment, and short-term market trajectory.

4

NMI Holdings (NMIH) beat Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates signals strong financial performance, likely boosting stock price and investor confidence significantly.

4

NMI Holdings, Inc. reported first quarter 2026 financial results. Quarterly financial results disclosure significantly influences investor sentiment, stock price, and future performance expectations.

29 Apr

4

NMI Holdings (NMIH) reports Q1 results tomorrow. Upcoming Q1 earnings report can significantly sway NMIH's stock price and investor outlook.

6 Apr

3

NMI Holdings Inc (NMIH) stock outperforms its industry peers and trades near its 52-week high, raising questions on whether it's time to buy. Outperformance against industry and proximity to 52-week high expected to moderately boost investor sentiment and short-term market performance.

stockrow.com/NMIH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com