NMIH
NMI Holdings, Inc.
$44.35
-0.46
(-1.03%)
Mkt Cap
3.37B
Volume
432,909
52W Range
34.84-46.74
Sector
Financial Services
Beta
0.54
EPS (TTM)
5.17 USD
P/E Ratio
8.58
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
$116.70
Undervalued
strong signal
62.0% 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
NMIH Gains 20.9% in Three Months: What Investors Should Know?
Bank of America Corp DE Has $48.94 Million Stake in NMI Holdings Inc $NMIH
California State Teachers Retirement System Purchases 16,175 Shares of NMI Holdings Inc $NMIH
NMI Holdings: Resilient Credit Performance Increasingly Reflected In Valuation (Downgrade)
NMIH Q2 Earnings Beat on Premium Growth and Lower Claims
NMI Holdings (NMIH) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
NMI Holdings, Inc. (NMIH) Q2 2026 Earnings Call Transcript
NMI Holdings (NMIH) Q2 Earnings and Revenues Surpass Estimates
NMI Holdings, Inc. Reports Record Second Quarter 2026 Financial Results
Bank of New York Mellon Corp Has $18.69 Million Position in NMI Holdings Inc $NMIH