NMI Holdings (NMIH) EBT Margin (2013 - 2026)
NMI Holdings (NMIH) posted quarterly EBT Margin of 72.89% for Q2 2026, up 176.0% year-over-year from 26.41% in Q2 2025, and up 7.03% on a QoQ basis from 68.1% in Q1 2026.
NMI Holdings (NMIH) EBT Margin (2013 - 2026) Analysis & Trends
NMI Holdings has reported EBT Margin for 14 years, with the latest figure at 72.89% in Q2 2026.
- EBT Margin for Q2 2026 came in at 72.89%, up 176.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 69.34% (down 205.0% YoY), and the FY2025 annual result was 70.75%, down 44.0% from the prior year.
- EBT Margin advanced to 72.89% in Q2 2026, from 68.1% in the prior quarter.
- Over five years, EBT Margin peaked at 83.33% in Q3 2022 and troughed at 66.59% in Q4 2024.
- A 5-year average of 73.41% and a median of 72.9% in 2026 frame the typical range for EBT Margin.
- The widest annual swing landed in 2022, when EBT Margin soared 1514 bps; it then tumbled 1253 bps in 2024.
- A 5-year view of EBT Margin shows it stood at 79.26% in 2022, then retreated by 0 bps to 79.12% in 2023, then fell by 16 bps to 66.59% in 2024, then advanced by 1 bps to 67.03% in 2025, then increased by 9 bps to 72.89% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 72.89% in Q2 2026, 68.1% in Q1 2026, and 67.03% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 8.34% |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 13.41% |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | 18.04% |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 69.32% |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 77.84% |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 63.50% |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | 14.26% |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 26.21% |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 72.89% |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 30.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 72.89% |
| Mar 31, 2026 | 80.71% |
| Dec 31, 2025 | 47.20% |
| Sep 30, 2025 | 81.73% |
| Jun 30, 2025 | 71.13% |
| Mar 31, 2025 | 87.95% |
| Dec 31, 2024 | 66.59% |
| Sep 30, 2024 | 71.84% |
| Jun 30, 2024 | 73.18% |
| Mar 31, 2024 | 73.32% |
| Dec 31, 2023 | 79.12% |
| Sep 30, 2023 | 82.48% |
| Jun 30, 2023 | 72.92% |
| Mar 31, 2023 | 70.31% |
| Dec 31, 2022 | 79.26% |
| Sep 30, 2022 | 83.33% |
| Jun 30, 2022 | 80.41% |
| Mar 31, 2022 | 74.46% |
| Dec 31, 2021 | 68.60% |
| Sep 30, 2021 | 68.18% |