NI Holdings (NODK) Gross Margin (2017 - 2026)
NI Holdings' Gross Margin came in at 31.06% for Q2 2026, up 18.64 percentage points from 12.42% a year earlier but down 29.75 percentage points from the prior quarter.
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Analysis
NI Holdings (NODK) Gross Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, NI Holdings reported Gross Margin of 37.39%, up 2.82 percentage points year-over-year; for FY2025, it came in at 29.56%, down 6.64 percentage points from FY2024.
- Gross Margin carries a five-year change of -15.45 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 36.20% in FY2024 (-2.45 pp), 38.65% in FY2023 (+27.61 pp), 11.04% in FY2022 (-22.17 pp) and 33.21% in FY2021 (-11.80 pp).
- The five-year range for quarterly Gross Margin is -28.52% (Q2 2022) to 60.81% (Q1 2026).
- Year-over-year, Gross Margin increased in two of the last eight quarters, with an average year-over-year change of -0.54 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2023 (a gain of 54.42 percentage points), and the weakest in Q2 2022 (a drop of 52.91 percentage points).
- Business Quant data shows NODK's Gross Margin at 60.81% (Q1 2026), 35.30% (Q4 2025) and 26.61% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.69 Bn | -333.79 Bn | 55.86 Bn | 54.87% |
| 2 | Chubb | 127.81 Bn | 79.86 Bn | 9.13 Bn | 57.69% |
| 3 | Progressive | 121.79 Bn | 97.63 Bn | 9.04 Bn | 38.28% |
| 4 | Marsh & Mclennan Companies | 80.80 Bn | 72.54 Bn | - | - |
| 5 | Travelers Companies | 75.76 Bn | 52.01 Bn | 6.23 Bn | 51.27% |
| 6 | Manulife Financial | 74.06 Bn | 75.27 Bn | - | - |
| 7 | Metlife | 61.12 Bn | -45.36 Bn | 7.82 Bn | 40.82% |
| 8 | Arthur J. Gallagher | 58.82 Bn | 53.25 Bn | - | - |
| 9 | Allstate | 57.81 Bn | 19.06 Bn | 8.73 Bn | 46.97% |
| 10 | NI Holdings | 304.64 Mn | 118.94 Mn | 21.82 Mn | 31.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.06% |
| Mar 31, 2026 | 60.81% |
| Dec 31, 2025 | 35.30% |
| Sep 30, 2025 | 26.61% |
| Jun 30, 2025 | 12.42% |
| Mar 31, 2025 | 46.07% |
| Dec 31, 2024 | 55.54% |
| Sep 30, 2024 | 26.84% |
| Jun 30, 2024 | 21.01% |
| Mar 31, 2024 | 46.11% |
| Dec 31, 2023 | 59.13% |
| Sep 30, 2023 | 31.88% |
| Jun 30, 2023 | 25.90% |
| Mar 31, 2023 | 27.87% |
| Dec 31, 2022 | 49.83% |
| Sep 30, 2022 | 11.86% |
| Jun 30, 2022 | -28.52% |
| Mar 31, 2022 | 42.33% |
| Dec 31, 2021 | 40.45% |
| Sep 30, 2021 | 22.30% |
API Access
NI Holdings Gross Margin 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=gross-margin&ticker=NODK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NODK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NODK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();