NMI Holdings (NMIH) EBITDA Margin (2013 - 2026)
NMI Holdings (NMIH) posted EBITDA Margin of 67.21% for Q2 2026, up 2.18 percentage points from 65.02% a year earlier and up 9.02 percentage points from the prior quarter.
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Analysis
NMI Holdings (NMIH) EBITDA Margin (2013 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA Margin at NMI Holdings was 60.71%, down 5.70 percentage points year-over-year; for FY2025, it was 64.18%, down 3.99 percentage points from FY2024.
- Annual EBITDA Margin has declined for three consecutive years, though with a five-year change of +5.92 percentage points (FY2020 to FY2025).
- In prior years, NMI Holdings' EBITDA Margin was 68.18% in FY2024 (-1.19 pp), 69.37% in FY2023 (-4.31 pp), 73.68% in FY2022 (+12.73 pp) and 60.95% in FY2021 (+2.69 pp).
- The Q2 2026 figure stands as the highest quarterly EBITDA Margin since Q1 2025.
- On a year-over-year basis, EBITDA Margin increased in two of the last eight quarters, with an average year-over-year change of -4.69 percentage points.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q2 2022, with a gain of 15.21 percentage points; the weakest was Q1 2026, with a drop of 16.72 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was 58.19% (Q1 2026), 56.81% (Q4 2025) and 60.43% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 137.65 Bn | 84.23 Bn | 9.13 Bn | - |
| 2 | Progressive | 129.27 Bn | 105.11 Bn | 9.04 Bn | -43.55% |
| 3 | Marsh & Mclennan Companies | 90.79 Bn | 82.95 Bn | - | 21.07% |
| 4 | Travelers Companies | 83.98 Bn | 60.23 Bn | 6.23 Bn | -9.87% |
| 5 | Manulife Financial | 77.09 Bn | -17.80 Bn | - | - |
| 6 | Arthur J. Gallagher | 66.40 Bn | 60.80 Bn | - | 23.56% |
| 7 | Metlife | 65.77 Bn | -41.01 Bn | 7.82 Bn | - |
| 8 | Allstate | 64.29 Bn | 25.56 Bn | 8.73 Bn | -30.30% |
| 9 | Aon | 62.89 Bn | 56.11 Bn | - | 26.80% |
| 10 | NMI Holdings | 3.09 Bn | 2.77 Bn | 174.74 Mn | 67.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 67.54% |
| Mar 31, 2026 | 58.53% |
| Dec 31, 2025 | 57.15% |
| Sep 30, 2025 | 60.77% |
| Jun 30, 2025 | 65.37% |
| Mar 31, 2025 | 75.25% |
| Dec 31, 2024 | 58.36% |
| Sep 30, 2024 | 67.77% |
| Jun 30, 2024 | 75.19% |
| Mar 31, 2024 | 73.20% |
| Dec 31, 2023 | 61.71% |
| Sep 30, 2023 | 71.45% |
| Jun 30, 2023 | 73.24% |
| Mar 31, 2023 | 67.81% |
| Dec 31, 2022 | 73.65% |
| Sep 30, 2022 | 72.97% |
| Jun 30, 2022 | 71.33% |
| Mar 31, 2022 | 67.58% |
| Dec 31, 2021 | 62.33% |
| Sep 30, 2021 | 59.12% |
API Access
NMI Holdings EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NMIH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "NMIH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NMIH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();