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