NMI Holdings (NMIH) EBITDA Margin (2012 - 2026)

NMI Holdings' (NMIH) quarterly EBITDA Margin came in at 42.11% in Q1 2026, down 4716.0% year-on-year from 0.91% in Q1 2025, and down 36.93% quarter-over-quarter from 66.77% in Q4 2025.

NMI Holdings (NMIH) EBITDA Margin (2012 - 2026) Analysis & Trends

NMI Holdings has disclosed EBITDA Margin across 15 years of filings, most recently posting 42.11% for Q1 2026.

  • EBITDA Margin for Q1 2026 came in at 42.11%, down 4716.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 62.26% (down 685.0% YoY), and the FY2025 annual result was 77.65%, up 2001.0% from the prior year.
  • EBITDA Margin came in at 42.11% for Q1 2026 at NMI Holdings, down from 66.77% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 118.15% in Q4 2023 to a low of 26.71% in Q1 2022.
  • The 5-year median for EBITDA Margin is 57.92% (2024), against an average of 56.98%.
  • Across the five-year window, EBITDA Margin surged 11456 bps in 2023 and slumped 9212 bps in 2024, its largest moves.
  • NMI Holdings' EBITDA Margin stood at 75.16% in 2022, then jumped by 57 bps to 118.15% in 2023, then plunged by 78 bps to 26.04% in 2024, then soared by 156 bps to 66.77% in 2025, then plunged by 37 bps to 42.11% in 2026.
  • The last three EBITDA Margin figures came in at 42.11% (Q1 2026), 66.77% (Q4 2025), and 76.06% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA 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 - 40.42%
7 Radian 4.76 Bn 4.68 Bn 368.17 Mn 14.95%
8 Ryan Specialty Holdings 4.49 Bn 4.92 Bn - 12.60%
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 42.11%

Historic Data

Download Data
DateValue
Mar 31, 2026 42.11%
Dec 31, 2025 66.77%
Sep 30, 2025 76.06%
Jun 30, 2025 67.57%
Mar 31, 2025 89.27%
Dec 31, 2024 26.04%
Sep 30, 2024 113.15%
Jun 30, 2024 55.84%
Mar 31, 2024 57.92%
Dec 31, 2023 118.15%
Sep 30, 2023 44.35%
Jun 30, 2023 51.42%
Mar 31, 2023 87.85%
Dec 31, 2022 75.16%
Sep 30, 2022 14.28%
Jun 30, 2022 9.46%
Mar 31, 2022 -26.71%
Dec 31, 2021 37.44%
Sep 30, 2021 45.82%
Jun 30, 2021 68.81%