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| Date | Value |
|---|---|
| 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% |