NMI Holdings (NMIH) FCF Margin (2013 - 2026)
NMI Holdings (NMIH) posted quarterly FCF Margin of 74.64% for Q2 2026, up 173.0% year-over-year from 27.34% in Q2 2025, and up 19.1% on a QoQ basis from 62.67% in Q1 2026.
NMI Holdings (NMIH) FCF Margin (2013 - 2026) Analysis & Trends
NMI Holdings has reported FCF Margin for 14 years, with the latest figure at 74.64% in Q2 2026.
- FCF Margin for Q2 2026 came in at 74.64%, up 173.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 60.43% (up 341.0% YoY), and the FY2025 annual result was 58.39%, down 101.0% from the prior year.
- FCF Margin climbed to 74.64% in Q2 2026, from 62.67% in the prior quarter.
- Over five years, FCF Margin peaked at 89.02% in Q3 2022 and troughed at 20.67% in Q4 2024.
- A 5-year average of 61.11% and a median of 69.65% in 2023 frame the typical range for FCF Margin.
- The largest YoY upside for FCF Margin was 1258 bps in 2025 against a maximum downside of 1261 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 24.23% in 2022, then decreased by 11 bps to 21.55% in 2023, then slipped by 4 bps to 20.67% in 2024, then surged by 61 bps to 33.25% in 2025, then jumped by 124 bps to 74.64% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 74.64% in Q2 2026, 62.67% in Q1 2026, and 33.25% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.65 Bn | 8.08 Bn | 3.59 Bn | 45.30% |
| 2 | First American Financial | 7.36 Bn | 4.25 Bn | 1.77 Bn | 14.99% |
| 3 | Axis Capital Holdings | 7.25 Bn | 6.47 Bn | 819.78 Mn | 35.22% |
| 4 | Enact Holdings | 6.85 Bn | 6.36 Bn | 284.04 Mn | 37.35% |
| 5 | Mgic Investment | 6.47 Bn | 6.25 Bn | 284.40 Mn | 62.46% |
| 6 | Essent | 6.18 Bn | 6.18 Bn | 313.73 Mn | 54.07% |
| 7 | Ryan Specialty Holdings | 5.43 Bn | 5.29 Bn | - | 30.09% |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 59.61% |
| 9 | NMI Holdings | 3.42 Bn | 3.35 Bn | 157.40 Mn | 74.64% |
| 10 | Assured Guaranty | 3.29 Bn | -506.61 Mn | 156.00 Mn | 20.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 74.64% |
| Mar 31, 2026 | 74.28% |
| Dec 31, 2025 | 23.41% |
| Sep 30, 2025 | 83.44% |
| Jun 30, 2025 | 72.91% |
| Mar 31, 2025 | 66.58% |
| Dec 31, 2024 | 20.67% |
| Sep 30, 2024 | 76.43% |
| Jun 30, 2024 | 71.52% |
| Mar 31, 2024 | 70.01% |
| Dec 31, 2023 | 21.55% |
| Sep 30, 2023 | 90.31% |
| Jun 30, 2023 | 69.29% |
| Mar 31, 2023 | 64.57% |
| 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% |