NMI 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. In the quarter to June 2026, revenue grew 8.12%, EPS grew 13.8%, free cash flow grew 10.7% and total debt was flat, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three.
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NMI Holdings Inc (NMIH) P/E ratio
As of 16 October 2026, NMI Holdings Inc (NMIH) trades at a P/E ratio of 7.9×. Over the past ten years it has ranged from 0.0× (December 2016) to 58.6× (February 2018); the current reading is higher than 46% of that period. That is below the Insurance Specialty industry median of 9.0× and below the Financial sector median of 12.4×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 8.1× | (0.11%) |
| FY2024 | 8.2× | 7.45% |
| FY2023 | 7.6× | 23.80% |
| FY2022 | 6.1× | (24.28%) |
| FY2021 | 8.1× | (20.32%) |
| FY2020 | 10.2× | (22.25%) |
| FY2019 | 13.1× | 21.48% |
| FY2018 | 10.8× | (77.59%) |
| FY2017 | 48.0× | 388.61% |
| FY2016 | 9.8× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 7.9× | 5.94% |
| Mar 2026 | 7.5× | (7.86%) |
| Dec 2025 | 8.1× | 3.42% |
| Sep 2025 | 7.9× | (10.43%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| AXS Axis Capital Holdings Limited compare | 7.0× |
| NMIH NMI Holdings Inc | 7.9× |
| RDN Radian Group Inc. compare | 8.7× |
| MTG MGIC Investment Corporation compare | 8.7× |
| ESNT Essent Group Ltd. compare | 8.9× |
| FAF First American Financial Corporation compare | 9.0× |
| AGO Assured Guaranty Ltd. compare | 9.5× |
| ACT Enact Holdings, Inc. compare | 9.7× |
| EIG Employers Holdings Inc compare | 73.2× |
| Insurance Specialty industry median | 9.0× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)