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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

NMI Holdings (NMIH) Gross Margin (2016 - 2025)

NMI Holdings' Gross Margin history spans 11 years, with the latest figure at 79.62% for Q4 2025.

  • For Q4 2025, Gross Margin fell 1287.0% year-over-year to 79.62%; the TTM value through Dec 2025 reached 80.09%, down 1507.0%, while the annual FY2025 figure was 80.09%, 1507.0% down from the prior year.
  • Gross Margin for Q4 2025 was 79.62% at NMI Holdings, up from 53.14% in the prior quarter.
  • Across five years, Gross Margin topped out at 112.37% in Q3 2024 and bottomed at 53.14% in Q3 2025.
  • The 5-year median for Gross Margin is 79.15% (2025), against an average of 81.89%.
  • The largest annual shift saw Gross Margin soared 3698bps in 2022 before it tumbled -5924bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 65.91% in 2021, then surged by 56bps to 102.89% in 2022, then fell by -17bps to 85.23% in 2023, then increased by 9bps to 92.49% in 2024, then dropped by -14bps to 79.62% in 2025.
  • Per Business Quant, the three most recent readings for NMIH's Gross Margin are 79.62% (Q4 2025), 53.14% (Q3 2025), and 90.98% (Q2 2025).