NMIH
NMI Holdings, Inc.
$41.91
+0.38
(+0.92%)
Mkt Cap
3.18B
Volume
524,083
52W Range
34.84-42.47
Sector
Financial Services
Beta
0.54
EPS (TTM)
5.00
P/E Ratio
8.38
Revenue (TTM)
716.41M
Rev Growth (5Y)
+10.1%
EPS Growth (5Y)
+17.9%
AlphaVal · Fair Value
What we estimate one share is worth
$98.58
Undervalued
strong signal
57.5% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
A
Banks, Insurers & Asset Managers
90.7 / 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 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 183.47M | 180.47M | 178.68M | 173.78M | 173.25M | 166.50M | 166.09M | 162.12M | 156.25M | 151.38M | 148.16M | 142.69M |
| Net Income | 99.33M | 94.22M | 96.00M | 96.15M | 102.56M | 86.17M | 92.81M | 92.08M | 89.05M | 83.41M | 83.95M | 80.28M |
| EPS | 1.30 | 1.23 | 1.24 | 1.23 | 1.31 | 1.09 | 1.17 | 1.15 | 1.10 | 1.03 | 1.02 | 0.97 |
| Free Cash Flow | 114.99M | 60.09M | 126.27M | 126.71M | 99.44M | 34.42M | 132.45M | 115.95M | 109.39M | 28.64M | 117.48M | 98.87M |
| FCF / Share | 1.51 | 0.78 | 1.63 | 1.62 | 1.27 | 0.44 | 1.66 | 1.45 | 1.36 | 0.35 | 1.43 | 1.19 |
| Operating CF | 116.09M | 61.74M | 128.05M | 128.36M | 101.15M | 35.82M | 128.42M | 117.79M | 111.57M | 30.12M | 120.83M | 101.91M |
| Total Assets | 3.91T | 3.84B | 3.73B | 3.59B | 3.46B | 3.35B | 3.32B | 3.10B | 3.01B | 2.94B | 2.76B | 2.69B |
| Total Debt | 417.52M | 417.03M | 416.55M | 416.07M | 415.61M | 415.15M | 414.69M | 414.25M | 398.00M | 397.60M | 397.20M | 396.81M |
| Cash & Equiv | 70.68M | 43.94M | 130.44M | 84.01M | 74.12M | 54.22M | 133.23M | 61.48M | 138.59M | 95.35M | 174.21M | 71.10M |
| Book Value | 2.63T | 2.59B | 2.51B | 2.42B | 2.32B | 2.22B | 2.20B | 2.05B | 1.98B | 1.93B | 1.79B | 1.75B |
| Return on Equity | 0.00 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 |
NMIH News
NMI Holdings, Inc. to Announce Second Quarter 2026 Financial Results on July 30, 2026
NMI Holdings' Mortgage Insurance Drives Growth and Profitability
NMIH Lags Industry, Trades at a Discount: Here's How to Play the Stock
NMI Research Reveals Nearly One in Three Drivers Have Received a Parking Ticket Due to Confusing Payment Instructions
NMI Holdings, Inc. to Participate in Moody's US Housing Executive Series on May 28th, 2026
NMI Holdings: Attractive Even With Peaking Earnings (Upgrade)
NMIH Stock Trading at a Discount to Industry at 1.08X: Time to Hold?
NMI Holdings, Inc. to Participate in Upcoming Investor Conferences
This $4 Million NMI Holdings Sale Comes as the Insurer Grows Book Value 15%
NMI Holdings Q1 Earnings, Revenues Top, Insurance in Force Rises Y/Y