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| Date | Value |
|---|---|
| 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% |