stockrowNMI Holdings Inc
NMIH Financial Insurance Specialty
NMI Holdings Inc’s revenue for fiscal 2025 (year ended December 2025) was $706.4 million, up 8.52% from fiscal 2024.
- Revenue
- +4.96%
- EPS
- +0.81%
- Free cash flow
- +10.7%
- Total debt
- +0.48%
Quarter to September 2026, against a year earlier
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NMI Holdings Inc (NMIH) Gross margin
NMI Holdings Inc's gross margin over the twelve months to 30 September 2026 was 88.6%, down 3.2 percentage points from fiscal 2025 (91.8%). Over the past ten years it has ranged from 86.3% (fiscal 2020) to 100.7% (fiscal 2022); the current reading is higher than 18% of that period. That is above the Insurance Specialty industry median of 56.2% and above the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 91.8% | (3.31) |
| FY2024 | 95.2% | (0.94) |
| FY2023 | 96.1% | (4.60) |
| FY2022 | 100.7% | 3.23 |
| FY2021 | 97.5% | 11.13 |
| FY2020 | 86.3% | (10.37) |
| FY2019 | 96.7% | (1.32) |
| FY2018 | 98.0% | 0.94 |
| FY2017 | 97.1% | (0.99) |
| FY2016 | 98.1% | (0.72) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 84.5% | (8.52) |
| Jun 2026 | 93.0% | 4.26 |
| Mar 2026 | 88.7% | 0.45 |
| Dec 2025 | 88.3% | (1.33) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| FAF First American Financial Corporation compare | 100.0% |
| AGO Assured Guaranty Ltd. compare | 99.0% |
| NMIH NMI Holdings Inc | 89.9% |
| MTG MGIC Investment Corporation compare | 76.6% |
| RDN Radian Group Inc. compare | 69.2% |
| ESNT Essent Group Ltd. compare | 64.5% |
| FNF Fidelity National Financial, Inc. compare | 55.9% |
| AXS Axis Capital Holdings Limited compare | 28.7% |
| ACT Enact Holdings, Inc. compare | 0.00% |
| Insurance Specialty industry median | 56.2% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NMIH
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement