NMI Holdings (NMIH) FCF Margin (2012 - 2026)
NMI Holdings' (NMIH) quarterly FCF Margin came in at 62.67% in Q1 2026, down 390.0% year-on-year from 21.61% in Q1 2025, and up 59.0% quarter-over-quarter from 39.42% in Q4 2025.
NMI Holdings (NMIH) FCF Margin (2012 - 2026) Analysis & Trends
NMI Holdings has disclosed FCF Margin across 15 years of filings, most recently posting 62.67% for Q1 2026.
- FCF Margin for Q1 2026 came in at 62.67%, down 390.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 64.76% (up 412.0% YoY), and the FY2025 annual result was 68.5%, up 910.0% from the prior year.
- FCF Margin came in at 62.67% for Q1 2026 at NMI Holdings, up from 39.42% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 90.31% in Q3 2023 to a low of 20.67% in Q4 2024.
- The 5-year median for FCF Margin is 72.54% (2023), against an average of 64.93%.
- Peak annual rise in FCF Margin reached 1874 bps in 2025, while the deepest fall reached 1347 bps in 2025.
- NMI Holdings' FCF Margin stood at 24.23% in 2022, then fell by 11 bps to 21.55% in 2023, then retreated by 4 bps to 20.67% in 2024, then jumped by 91 bps to 39.42% in 2025, then surged by 59 bps to 62.67% in 2026.
- The last three FCF Margin figures came in at 62.67% (Q1 2026), 39.42% (Q4 2025), and 83.44% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.62 Bn | 9.96 Bn | 2.62 Bn | 26.29% |
| 2 | Axis Capital Holdings | 7.48 Bn | 6.61 Bn | - | 34.11% |
| 3 | First American Financial | 7.03 Bn | 4.14 Bn | 1.24 Bn | -1.78% |
| 4 | Enact Holdings | 5.98 Bn | 5.43 Bn | 205.74 Mn | 92.24% |
| 5 | Mgic Investment | 5.62 Bn | 5.37 Bn | 202.12 Mn | 32.60% |
| 6 | Essent | 5.48 Bn | 5.48 Bn | - | 56.90% |
| 7 | Radian | 4.76 Bn | 4.68 Bn | 368.17 Mn | 60.96% |
| 8 | Ryan Specialty Holdings | 4.49 Bn | 4.92 Bn | - | -21.38% |
| 9 | Assured Guaranty | 3.43 Bn | -489.19 Mn | 216.00 Mn | 72.80% |
| 10 | NMI Holdings | 2.86 Bn | 2.78 Bn | 152.85 Mn | 62.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 62.67% |
| Dec 31, 2025 | 39.42% |
| Sep 30, 2025 | 83.44% |
| Jun 30, 2025 | 72.91% |
| Mar 31, 2025 | 66.58% |
| Dec 31, 2024 | 20.67% |
| Sep 30, 2024 | 88.56% |
| Jun 30, 2024 | 71.52% |
| Mar 31, 2024 | 80.05% |
| Dec 31, 2023 | 21.55% |
| Sep 30, 2023 | 90.31% |
| Jun 30, 2023 | 78.48% |
| Mar 31, 2023 | 72.54% |
| Dec 31, 2022 | 24.23% |
| Sep 30, 2022 | 89.02% |
| Jun 30, 2022 | 74.61% |
| Mar 31, 2022 | 67.24% |
| Dec 31, 2021 | 36.17% |
| Sep 30, 2021 | 84.32% |
| Jun 30, 2021 | 84.31% |