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NMI Holdings, Inc. (NMIH)
NASDAQ: NMIH · Real-Time Price · USD
38.65
-0.23 (-0.59%)
Nov 13, 2026, 4:00 PM EST - Market closed

NMI Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
739.65706.44650.97579523.35485.07
Revenue Growth
6.85%8.52%12.43%10.63%7.89%11.95%
Operating Income
531.83528.28500.31444.92408.36331.78
Net Income
392.81388.93360.11322.11292.9231.13
Earnings Per Share
5.094.924.433.843.392.65
EPS Growth
6.28%11.06%15.37%13.18%27.86%24.71%

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
72.3343.9454.2295.3542.2573.48
Total Debt
426.16425.54425.45409408.15397.52
Net Cash (Debt)
-353.84-381.6-371.23-313.64-365.9-324.04
Net Cash Growth
------
Net Cash Per Share
-4.59-4.83-4.57-3.74-4.25-3.73

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
431.41419.3393.6342.68313.39325.72
Capital Expenditures
-7.16-6.78-6.91-9.37-10.57-12.24
Free Cash Flow
424.25412.52386.7333.31302.82313.48
Free Cash Flow Growth
9.67%6.68%16.02%10.07%-3.40%30.38%

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Margin
71.90%74.78%76.85%76.84%78.03%68.40%
Pretax Margin
68.05%70.75%71.19%71.28%72.09%61.17%
Profit Margin
53.11%55.05%55.32%55.63%55.97%47.65%
FCF Margin
57.36%58.39%59.40%57.57%57.86%64.63%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
7.608.068.087.475.968.11
Forward PE
7.398.177.887.495.957.15
P/FCF Ratio
6.797.607.527.225.775.98
PS Ratio
3.904.444.474.163.343.86