NMI Holdings (NMIH) EBIT Margin (2012 - 2026)
NMI Holdings' (NMIH) quarterly EBIT Margin came in at 15.59% in Q1 2026, down 27.0% year-on-year from 21.36% in Q1 2025, and down 13.66% quarter-over-quarter from 18.06% in Q4 2025.
NMI Holdings (NMIH) EBIT Margin (2012 - 2026) Analysis & Trends
NMI Holdings has disclosed EBIT Margin across 15 years of filings, most recently posting 15.59% for Q1 2026.
- EBIT Margin for Q1 2026 came in at 15.59%, down 27.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 16.32% (up 190.0% YoY), and the FY2025 annual result was 17.09%, up 399.0% from the prior year.
- EBIT Margin came in at 15.59% for Q1 2026 at NMI Holdings, down from 18.06% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 18.06% in Q4 2025 to a low of 8.75% in Q1 2022.
- The 5-year median for EBIT Margin is 13.72% (2023), against an average of 13.51%.
- Across the five-year window, EBIT Margin slumped 35 bps in 2024 and surged 441 bps in 2025, its largest moves.
- NMI Holdings' EBIT Margin stood at 11.16% in 2022, then gained by 23 bps to 13.73% in 2023, then fell by 1 bps to 13.64% in 2024, then surged by 32 bps to 18.06% in 2025, then dropped by 14 bps to 15.59% in 2026.
- The last three EBIT Margin figures came in at 15.59% (Q1 2026), 18.06% (Q4 2025), and 17.69% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.62 Bn | 9.96 Bn | 2.62 Bn | 25.48% |
| 2 | Axis Capital Holdings | 7.48 Bn | 6.61 Bn | - | 21.92% |
| 3 | First American Financial | 7.03 Bn | 4.14 Bn | 1.24 Bn | 8.29% |
| 4 | Enact Holdings | 5.98 Bn | 5.43 Bn | 205.74 Mn | 29.19% |
| 5 | Mgic Investment | 5.62 Bn | 5.37 Bn | 202.12 Mn | 26.23% |
| 6 | Essent | 5.48 Bn | 5.48 Bn | - | 17.63% |
| 7 | Radian | 4.76 Bn | 4.68 Bn | 368.17 Mn | 14.95% |
| 8 | Ryan Specialty Holdings | 4.49 Bn | 4.92 Bn | - | 12.08% |
| 9 | Assured Guaranty | 3.43 Bn | -489.19 Mn | 216.00 Mn | 35.25% |
| 10 | NMI Holdings | 2.86 Bn | 2.78 Bn | 152.85 Mn | 15.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.59% |
| Dec 31, 2025 | 18.06% |
| Sep 30, 2025 | 17.69% |
| Jun 30, 2025 | 14.36% |
| Mar 31, 2025 | 15.86% |
| Dec 31, 2024 | 13.64% |
| Sep 30, 2024 | 15.68% |
| Jun 30, 2024 | 12.76% |
| Mar 31, 2024 | 14.22% |
| Dec 31, 2023 | 13.73% |
| Sep 30, 2023 | 13.72% |
| Jun 30, 2023 | 13.11% |
| Mar 31, 2023 | 12.23% |
| Dec 31, 2022 | 11.16% |
| Sep 30, 2022 | 10.10% |
| Jun 30, 2022 | 9.04% |
| Mar 31, 2022 | 8.75% |
| Dec 31, 2021 | 8.82% |
| Sep 30, 2021 | 8.65% |
| Jun 30, 2021 | 8.46% |