NMI Holdings (NMIH) Net Margin (2013 - 2026)

NMI Holdings (NMIH) reported Net Margin of 64.16% for Q1 2026, down 450.0% on a YoY basis from 18.33% in Q1 2025, and up 74.81% sequentially from 36.71% in Q4 2025.

NMI Holdings (NMIH) Net Margin (2013 - 2026) Analysis & Trends

NMI Holdings (NMIH) has 14 years of Net Margin data on file, last reported at 64.16% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin fell 450.0% year-over-year to 64.16%; the trailing twelve-month figure through Mar 2026 stood at 52.36% (down 564.0% YoY), and the FY2025 full-year result was 55.05%, down 26.0% from the prior year.
  • Net Margin advanced to 64.16% in Q1 2026, from 36.71% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 68.66% in Q1 2025 to a low of 36.71% in Q4 2025.
  • A 5-year average of 58.48% and a median of 58.1% in 2022 frame the typical range for Net Margin.
  • Across the five-year window, Net Margin soared 1195 bps in 2022 and tumbled 1505 bps in 2025, its largest moves.
  • Tracing NMIH's Net Margin over 5 years: stood at 60.99% in 2022, then rose by 3 bps to 62.74% in 2023, then slipped by 18 bps to 51.75% in 2024, then retreated by 29 bps to 36.71% in 2025, then surged by 75 bps to 64.16% in 2026.
  • Business Quant data shows NMIH's Net Margin at 64.16% in Q1 2026, 36.71% in Q4 2025, and 63.44% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Fidelity National Financial 13.08 Bn 10.42 Bn 3.16 Bn 10.01%
2 Axis Capital Holdings 8.50 Bn 7.97 Bn 613.18 Mn 16.70%
3 First American Financial 7.10 Bn 4.22 Bn 1.77 Bn 10.35%
4 Enact Holdings 6.51 Bn 5.96 Bn 205.69 Mn 69.08%
5 Mgic Investment 6.26 Bn 6.23 Bn 263.84 Mn 55.64%
6 Essent 6.05 Bn 6.05 Bn 211.88 Mn 66.05%
7 Radian 5.96 Bn 5.91 Bn 304.36 Mn -1.33%
8 Assured Guaranty 3.78 Bn 3.28 Bn 65.00 Mn 103.66%
9 NMI Holdings 3.17 Bn 3.10 Bn 134.15 Mn 64.16%
10 Employers Holdings 957.12 Mn 620.72 Mn 51.80 Mn 5.64%

Historic Data

Download Data
DateValue
Mar 31, 2026 64.16%
Dec 31, 2025 36.71%
Sep 30, 2025 63.44%
Jun 30, 2025 55.33%
Mar 31, 2025 68.66%
Dec 31, 2024 51.75%
Sep 30, 2024 55.88%
Jun 30, 2024 56.80%
Mar 31, 2024 56.99%
Dec 31, 2023 62.74%
Sep 30, 2023 64.54%
Jun 30, 2023 56.27%
Mar 31, 2023 54.44%
Dec 31, 2022 60.99%
Sep 30, 2022 64.94%
Jun 30, 2022 62.42%
Mar 31, 2022 58.10%
Dec 31, 2021 53.12%
Sep 30, 2021 52.99%
Jun 30, 2021 51.87%