NMI Holdings (NMIH) Return on Invested Capital [ROIC] (2016 - 2026)
NMI Holdings (NMIH) reported Return on Invested Capital [ROIC] of 10.95% for Q2 2026, down 1.33 percentage points from 12.28% a year earlier but up 0.12 percentage points from the prior quarter.
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Analysis
NMI Holdings (NMIH) Return on Invested Capital [ROIC] (2016 - 2026) Analysis & Trends
For FY2025, NMI Holdings posted Return on Invested Capital [ROIC] of 12.20%, down 1.34 percentage points from FY2024.
- Return on Invested Capital [ROIC] has declined for three consecutive years, with a five-year change of -1.24 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 13.54% in FY2024 (-0.51 pp), 14.05% in FY2023 (-0.56 pp), 14.61% in FY2022 (+2.71 pp) and 11.90% in FY2021 (-1.54 pp).
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of 10.63% in Q1 2022 and a high of 13.51% in Q3 2023.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last eight quarters, with an average year-over-year change of -0.95 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q1 2023 (a gain of 2.18 percentage points); the low point was Q1 2026 (a drop of 2.15 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 10.83% (Q1 2026), 11.58% (Q4 2025) and 11.76% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,248.67 Bn | -185.49 Bn | 56.71 Bn | -11.13% |
| 2 | Chubb | 141.22 Bn | 92.15 Bn | 8.67 Bn | 11.97% |
| 3 | Progressive | 134.26 Bn | 109.78 Bn | 8.29 Bn | 28.24% |
| 4 | Marsh & Mclennan Companies | 98.32 Bn | 90.72 Bn | - | 13.08% |
| 5 | Travelers Companies | 82.09 Bn | 59.57 Bn | 5.93 Bn | 21.49% |
| 6 | Manulife Financial | 75.36 Bn | -19.02 Bn | - | - |
| 7 | Arthur J. Gallagher | 72.54 Bn | 67.17 Bn | 3.33 Bn | 6.01% |
| 8 | Aon | 71.33 Bn | 50.56 Bn | - | 11.58% |
| 9 | Allstate | 65.04 Bn | 22.10 Bn | -9.85 Bn | 9.71% |
| 10 | NMI Holdings | 2.90 Bn | 2.64 Bn | 158.44 Mn | 13.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.29% |
| Jun 30, 2026 | 13.53% |
| Mar 31, 2026 | 13.47% |
| Dec 31, 2025 | 13.84% |
| Sep 30, 2025 | 13.97% |
| Jun 30, 2025 | 14.35% |
| Mar 31, 2025 | 14.96% |
| Dec 31, 2024 | 14.83% |
| Sep 30, 2024 | 14.19% |
| Jun 30, 2024 | 14.54% |
| Mar 31, 2024 | 14.24% |
| Dec 31, 2023 | 14.19% |
| Sep 30, 2023 | 14.88% |
| Jun 30, 2023 | 13.98% |
| Mar 31, 2023 | 13.36% |
| Dec 31, 2022 | 12.86% |
| Sep 30, 2022 | 12.49% |
| Jun 30, 2022 | 11.68% |
| Mar 31, 2022 | 10.63% |
| Dec 31, 2021 | 9.98% |
API Access
NMI Holdings Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NMIH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "NMIH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NMIH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();