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
DateValue
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%