NMIHNasdaqSurety InsuranceFiscal year ends December 31
NMI Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$41.01+0.30 (+0.74%)
Close on Oct 19, 2026
- Market cap
- $3.14B
- P/E (TTM)
- 8.1
- Dividend yield
- –
NMI statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Surety Insurance companies for comparison
Valuation
| Measure | NMI | Industry median |
|---|---|---|
| Market Cap | $3.08B | $3.25B |
| Enterprise Value | $3.01B | $2.52B |
| PE Ratio | 8.07 | 10.26 |
| PS Ratio | 4.22 | 1.07 |
| PB Ratio | 1.14 | 1.48 |
| P/TBV Ratio | 1.14 | 1.57 |
| P/FCF Ratio | 6.99 | 7.95 |
| P/OCF Ratio | 6.88 | 7.16 |
Enterprise value
| Measure | NMI | Industry median |
|---|---|---|
| EV / Sales | 4.12 | 0.93 |
| EV / EBITDA | 5.52 | 6.24 |
| EV / FCF | 6.82 | 7.33 |
Income (trailing twelve months)
| Measure | NMI | Industry median |
|---|---|---|
| Revenue | $730.78M | $4.57B |
| Pretax Income | $506.72M | $589.53M |
| Net Income | $395.33M | $470.80M |
| EBITDA | $545.73M | $657.96M |
| EPS (Diluted) | $5.08 | $4.81 |
Margins
| Measure | NMI | Industry median |
|---|---|---|
| Pretax Margin | 69.3% | 13.7% |
| Profit Margin | 54.1% | 10.7% |
| EBITDA Margin | 74.7% | 13.5% |
| FCF Margin | 60.4% | 17.5% |
Returns
| Measure | NMI | Industry median |
|---|---|---|
| Return on Equity (ROE) | 15.4% | 14.0% |
| Return on Assets (ROA) | 10.4% | 3.35% |
Growth
| Measure | NMI | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 7.53% | 7.97% |
| Net Income Growth (YoY) | 4.67% | 25.1% |
| EPS Growth (YoY) | 7.86% | 27.7% |
| FCF Growth (YoY) | 14.0% | 7.71% |
| Revenue Growth (3Y CAGR) | 10.5% | 9.53% |
| Revenue Growth (5Y CAGR) | 10.3% | 8.29% |
| EPS Growth (3Y CAGR) | 13.2% | 15.9% |
| EPS Growth (5Y CAGR) | 18.2% | 15.2% |
Balance sheet
| Measure | NMI | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $72.12M | $520.88M |
| Net Cash (Debt) | $72.12M | $309.26M |
| Net Cash Per Share | $0.96 | $5.42 |
| Equity (Book Value) | $2.71B | $3.63B |
| Book Value Per Share | $35.96 | $41.34 |
| Tangible Book Value | $2.71B | $2.59B |
Cash flow (trailing twelve months)
| Measure | NMI | Industry median |
|---|---|---|
| Operating Cash Flow | $448.51M | $698.90M |
| Capital Expenditures | -$6.91M | -$11.90M |
| Free Cash Flow | $441.61M | $661.55M |
| FCF Per Share | $5.87 | $8.91 |
Efficiency
| Measure | NMI | Industry median |
|---|---|---|
| Asset Turnover | 0.19 | 0.27 |
| Revenue Per Employee | $3.25M | $1.73M |
| Profits Per Employee | $1.76M | $213.95K |
| Employee Count | 225 | 1,341 |
Dividends and yields
| Measure | NMI | Industry median |
|---|---|---|
| Earnings Yield | 12.8% | 9.56% |
| FCF Yield | 14.3% | 12.5% |
| Buyback Yield | 3.73% | 2.89% |
| Shareholder Yield | 3.73% | 4.63% |
Shares
| Measure | NMI | Industry median |
|---|---|---|
| Shares Outstanding | 75,217,900 | 65,596,200 |
| Shares Change (YoY) | -3.04% | -1.19% |
| Shares Change (QoQ) | -1.03% | -0.33% |
| Float | 72,525,500 | 56,719,400 |
| Shares Held by Insiders | 3.58% | 3.34% |
| Shares Held by Institutions | 99.9% | 85.3% |
Taxes
| Measure | NMI | Industry median |
|---|---|---|
| Income Tax | $111.39M | $105.00M |
| Effective Tax Rate | 22.0% | 19.8% |
Scores
| Measure | NMI | Industry median |
|---|---|---|
| Graham Number | $64.12 | $78.10 |
| Graham Upside | 56.3% | 21.2% |
| Altman Z-Score | 2.38 | 0.89 |
| Piotroski F-Score | 5 | 5 |
Calculated by StockData from NMI's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.