NMI Holdings (NMIH) Net Margin (2012 - 2026)

NMI Holdings' (NMIH) quarterly Net Margin came in at 54.14% in Q1 2026, down 1452.0% year-on-year from 4.0% in Q1 2025, and down 12.4% quarter-over-quarter from 61.8% in Q4 2025.

NMI Holdings (NMIH) Net Margin (2012 - 2026) Analysis & Trends

NMI Holdings has disclosed Net Margin across 15 years of filings, most recently posting 54.14% for Q1 2026.

  • Net Margin for Q1 2026 came in at 54.14%, down 1452.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 58.35% (down 178.0% YoY), and the FY2025 annual result was 64.58%, up 926.0% from the prior year.
  • Net Margin came in at 54.14% for Q1 2026 at NMI Holdings, down from 61.8% 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 51.75% in Q4 2024.
  • The 5-year median for Net Margin is 62.42% (2022), against an average of 61.2%.
  • Across the five-year window, Net Margin soared 1195 bps in 2022 and tumbled 1452 bps in 2026, its largest moves.
  • NMI Holdings' Net Margin stood at 60.99% in 2022, then gained by 3 bps to 62.74% in 2023, then dropped by 18 bps to 51.75% in 2024, then gained by 19 bps to 61.8% in 2025, then declined by 12 bps to 54.14% in 2026.
  • The last three Net Margin figures came in at 54.14% (Q1 2026), 61.8% (Q4 2025), and 63.44% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Fidelity National Financial 12.62 Bn 9.96 Bn 2.62 Bn -35.40%
2 Axis Capital Holdings 7.48 Bn 6.61 Bn - 16.70%
3 First American Financial 7.03 Bn 4.14 Bn 1.24 Bn 6.79%
4 Enact Holdings 5.98 Bn 5.43 Bn 205.74 Mn 69.07%
5 Mgic Investment 5.62 Bn 5.37 Bn 202.12 Mn 70.23%
6 Essent 5.48 Bn 5.48 Bn - 51.12%
7 Radian 4.76 Bn 4.68 Bn 368.17 Mn -1.15%
8 Ryan Specialty Holdings 4.49 Bn 4.92 Bn - 5.19%
9 Assured Guaranty 3.43 Bn -489.19 Mn 216.00 Mn 12.26%
10 NMI Holdings 2.86 Bn 2.78 Bn 152.85 Mn 54.14%

Historic Data

Download Data
DateValue
Mar 31, 2026 54.14%
Dec 31, 2025 61.80%
Sep 30, 2025 63.44%
Jun 30, 2025 55.33%
Mar 31, 2025 68.66%
Dec 31, 2024 51.75%
Sep 30, 2024 64.75%
Jun 30, 2024 56.80%
Mar 31, 2024 65.16%
Dec 31, 2023 62.74%
Sep 30, 2023 64.54%
Jun 30, 2023 63.73%
Mar 31, 2023 61.15%
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%