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

NMI Holdings' (NMIH) quarterly EBT Margin came in at 68.1% in Q1 2026, down 1985.0% year-on-year from 3.61% in Q1 2025, and down 14.3% quarter-over-quarter from 79.46% in Q4 2025.

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

NMI Holdings has disclosed EBT Margin across 15 years of filings, most recently posting 68.1% for Q1 2026.

  • EBT Margin for Q1 2026 came in at 68.1%, down 1985.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 74.64% (down 265.0% YoY), and the FY2025 annual result was 82.99%, up 1181.0% from the prior year.
  • EBT Margin came in at 68.1% for Q1 2026 at NMI Holdings, down from 79.46% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 87.95% in Q1 2025 to a low of 66.59% in Q4 2024.
  • The 5-year median for EBT Margin is 79.46% (2025), against an average of 78.58%.
  • Across the five-year window, EBT Margin soared 1514 bps in 2022 and plunged 1985 bps in 2026, its largest moves.
  • NMI Holdings' EBT Margin stood at 79.26% in 2022, then declined by 0 bps to 79.12% in 2023, then dropped by 16 bps to 66.59% in 2024, then increased by 19 bps to 79.46% in 2025, then retreated by 14 bps to 68.1% in 2026.
  • The last three EBT Margin figures came in at 68.1% (Q1 2026), 79.46% (Q4 2025), and 81.73% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Fidelity National Financial 12.62 Bn 9.96 Bn 2.62 Bn 15.44%
2 Axis Capital Holdings 7.48 Bn 6.61 Bn - 20.81%
3 First American Financial 7.03 Bn 4.14 Bn 1.24 Bn 8.80%
4 Enact Holdings 5.98 Bn 5.43 Bn 205.74 Mn 87.85%
5 Mgic Investment 5.62 Bn 5.37 Bn 202.12 Mn 87.88%
6 Essent 5.48 Bn 5.48 Bn - 61.51%
7 Radian 4.76 Bn 4.68 Bn 368.17 Mn 37.24%
8 Ryan Specialty Holdings 4.49 Bn 4.92 Bn - 6.02%
9 Assured Guaranty 3.43 Bn -489.19 Mn 216.00 Mn 13.03%
10 NMI Holdings 2.86 Bn 2.78 Bn 152.85 Mn 68.10%

Historic Data

Download Data
DateValue
Mar 31, 2026 68.10%
Dec 31, 2025 79.46%
Sep 30, 2025 81.73%
Jun 30, 2025 71.13%
Mar 31, 2025 87.95%
Dec 31, 2024 66.59%
Sep 30, 2024 83.25%
Jun 30, 2024 73.18%
Mar 31, 2024 83.84%
Dec 31, 2023 79.12%
Sep 30, 2023 82.48%
Jun 30, 2023 82.59%
Mar 31, 2023 78.99%
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%
Jun 30, 2021 66.42%