NMIH
NMI Holdings, Inc.
$40.71
+0.61
(+1.52%)
Mkt Cap
3.06B
Volume
371,331
52W Range
34.84-46.74
Sector
Financial Services
Beta
0.56
EPS (TTM)
5.17 USD
P/E Ratio
7.87
Revenue (TTM)
730.52M USD
Rev Growth (5Y)
+10.1%
EPS Growth (5Y)
+17.9%
AlphaVal · Fair Value
What we estimate one share is worth
$112.72
Undervalued
strong signal
63.9% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
A-
Banks, Insurers & Asset Managers
85.2 / 100 composite
A bank, insurer or asset manager — graded A–F vs. similar companies.
Company Description
NMI Holdings, Inc. is a company operating within the United States that offers private mortgage guaranty insurance. In addition to its core insurance products, the firm also delivers outsourced loan assessment services, specifically catering to mortgage loan originators. Its diverse client roster includes national and regional mortgage banks, prominent money center banks, credit unions, local community banks, builder-owned lenders, internet-based lending platforms, and other non-bank mortgage providers. The company commenced operations after its incorporation in 2011 and is based in Emeryville, California.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 705.58M | 650.97M | 579.00M | 524.46M | 485.64M | 436.19M | 370.11M | 273.63M | 178.64M | 121.92M | 55.51M | 22.21M |
| Net Income | 388.93M | 360.11M | 322.11M | 292.90M | 231.13M | 171.57M | 171.96M | 107.93M | 22.05M | 64.00M | (27.79M) | (48.91M) |
| EPS | 5.01 | 4.51 | 3.91 | 3.45 | 2.70 | 2.20 | 2.54 | 1.66 | 0.37 | 1.11 | -0.47 | -0.84 |
| Free Cash Flow | 412.52M | 386.70M | 333.31M | 302.82M | 313.48M | 240.44M | 198.19M | 137.80M | 59.25M | 60.47M | 35.33M | (29.22M) |
| FCF / Share | 5.31 | 4.84 | 4.04 | 3.57 | 3.66 | 3.08 | 2.93 | 2.12 | 0.99 | 1.02 | 0.60 | -0.50 |
| Operating CF | 419.30M | 393.60M | 342.68M | 313.39M | 325.72M | 252.60M | 208.15M | 145.86M | 67.76M | 71.94M | 41.46M | (21.00M) |
| Total Assets | 3.84B | 3.35B | 2.94B | 2.52B | 2.45B | 2.17B | 1.36B | 1.09B | 894.85M | 839.90M | 662.45M | 463.26M |
| Total Debt | 417.03M | 415.15M | 397.60M | 396.05M | 394.62M | 393.30M | 145.76M | 146.76M | 143.88M | 144.35M | 143.94M | 0 |
| Cash & Equiv | 43.94M | 54.22M | 95.35M | 42.25M | 73.48M | 121.38M | 38.43M | 23.88M | 19.20M | 47.75M | 57.32M | 103.02M |
| Book Value | 2.59B | 2.22B | 1.93B | 1.61B | 1.57B | 1.37B | 930.42M | 701.50M | 509.08M | 475.51M | 402.73M | 426.96M |
| Return on Equity | 0.15 | 0.16 | 0.17 | 0.18 | 0.15 | 0.13 | 0.18 | 0.15 | 0.04 | 0.13 | -0.07 | -0.11 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 187.89M | 183.47M | 180.47M | 178.68M | 173.78M | 173.25M | 166.50M | 166.09M | 162.12M | 156.25M | 151.38M | 148.16M |
| Net Income | 105.79M | 99.33M | 94.22M | 96.00M | 96.15M | 102.56M | 86.17M | 92.81M | 92.08M | 89.05M | 83.41M | 83.95M |
| EPS | 1.40 | 1.30 | 1.23 | 1.24 | 1.23 | 1.31 | 1.09 | 1.17 | 1.15 | 1.10 | 1.03 | 1.02 |
| Free Cash Flow | 140.25M | 114.99M | 60.09M | 126.27M | 126.71M | 99.44M | 34.42M | 132.45M | 115.95M | 109.39M | 28.64M | 117.48M |
| FCF / Share | 1.85 | 1.51 | 0.78 | 1.63 | 1.62 | 1.27 | 0.44 | 1.66 | 1.45 | 1.36 | 0.35 | 1.43 |
| Operating CF | 142.63M | 116.09M | 61.74M | 128.05M | 128.36M | 101.15M | 35.82M | 128.42M | 117.79M | 111.57M | 30.12M | 120.83M |
| Total Assets | 4.00B | 3.91B | 3.84B | 3.73B | 3.59B | 3.46B | 3.35B | 3.32B | 3.10B | 3.01B | 2.94B | 2.76B |
| Total Debt | 418.02M | 417.52M | 417.03M | 416.55M | 416.07M | 415.61M | 415.15M | 414.69M | 414.25M | 398.00M | 397.60M | 397.20M |
| Cash & Equiv | 72.12M | 70.68M | 43.94M | 130.44M | 84.01M | 74.12M | 54.22M | 133.23M | 61.48M | 138.59M | 95.35M | 174.21M |
| Book Value | 2.71B | 2.63B | 2.59B | 2.51B | 2.42B | 2.32B | 2.22B | 2.20B | 2.05B | 1.98B | 1.93B | 1.79B |
| Return on Equity | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.05 |
NMIH News
NMI Holdings, Inc. to Announce Third Quarter 2026 Financial Results on November 5, 2026
Implied Volatility Surging for NMI Holdings Stock Options
Are Investors Undervaluing NMI (NMIH) Right Now?
Here's Why NMI Holdings (NMIH) is a Strong Value Stock
Head to Head Survey: NMI (NASDAQ:NMIH) & PennyMac Financial Services (NYSE:PFSI)
After Plunging 7.2% in 4 Weeks, Here's Why the Trend Might Reverse for NMI Holdings (NMIH)
NMI Holdings Near 52-Week High: Time to Buy, Sell or Hold the Stock?
NMI Holdings' Strong IIF Growth: Can It Drive Future Earnings?
European Banks or U.S. Lenders: Which Financial ETF Is the Better Buy Right Now, EUFN or KBE?
NMIH Gains 20.9% in Three Months: What Investors Should Know?