Skip to main content
    N

    NMI Holdings Inc (NMIH)

    Official site

    FINANCIAL SERVICES • INSURANCE - SPECIALTY • NASDAQ

    $40.10
    +0.40 (+1.01%)

    Market Cap: $2.99B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    90%(35/39)
    Avg Surprise
    +6.85%
    Streak
    6 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.30
    Range$1.24 - $1.35
    7 analysts
    EPS Revisions
    3
    0
    7d
    3
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$1.29+1.1%
    60d ago$1.29+0.6%
    30d ago$1.29+0.6%
    7d ago$1.300.0%
    Current$1.30
    Revenue Consensus
    $190M
    Range$189M - $191M
    4 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.45
    Range$1.39 - $1.59
    7 analysts
    Revenue Consensus
    $196M
    Range$194M - $200M
    4 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.45---
    Sep 26EST
    		-$1.30---
    Jun 26
    Reported Jul 30
    		$1.38$1.28+7.81%Beat+13.1%
    Mar 26
    Reported Apr 30
    		$1.28$1.23+4.07%Beat+0.0%
    Dec 25
    Reported Feb 10
    		$1.20$1.19+0.84%Beat+12.1%
    Sep 25
    Reported Nov 4
    		$1.21$1.21+0.00%Beat+5.2%
    Jun 25
    Reported Jul 29
    		$1.22$1.19+2.52%Beat+1.7%
    Mar 25
    Reported Apr 29
    		$1.28$1.12+14.29%Beat+18.5%
    Dec 24
    Reported Feb 6
    		$1.07$1.12-4.46%Miss+5.9%
    Sep 24
    Reported Nov 6
    		$1.15$1.13+1.77%Beat+15.0%
    Jun 24
    Reported Jul 30
    		$1.20$1.05+14.29%Beat+26.3%
    Mar 24
    Reported Apr 30
    		$1.08$0.99+9.09%Beat+22.7%
    Dec 23
    Reported Feb 14
    		$1.01$0.96+5.21%Beat+17.4%
    Sep 23
    Reported Nov 1
    		$1.00$0.92+8.70%Beat+11.1%
    Jun 23
    Reported Aug 1
    		$0.95$0.85+11.76%Beat+10.5%
    Mar 23
    Reported May 2
    		$0.88$0.83+6.02%Beat+14.3%
    Dec 22
    Reported Feb 14
    		$0.86$0.84+2.38%Beat+17.8%
    Sep 22
    Reported Nov 1
    		$0.90$0.81+11.11%Beat+26.8%
    Jun 22
    Reported Aug 2
    		$0.86$0.76+13.16%Beat+28.4%
    Mar 22
    Reported May 4
    		$0.77$0.74+4.05%Beat+24.2%
    Dec 21
    Reported Feb 15
    		$0.73$0.71+2.82%Beat+23.7%
    Sep 21
    Reported Nov 2
    		$0.71$0.71+0.00%Beat+51.1%
    Jun 21
    Reported Aug 3
    		$0.67$0.64+4.69%Beat+67.5%
    Mar 21
    Reported May 4
    		$0.62$0.60+3.33%Beat-17.3%
    Dec 20
    Reported Feb 16
    		$0.59$0.51+15.69%Beat-21.3%
    Sep 20
    Reported Nov 5
    		$0.47$0.35+34.29%Beat-33.8%
    Jun 20
    Reported Aug 5
    		$0.40$0.38+5.26%Beat-32.2%
    Mar 20
    Reported May 6
    		$0.75$0.67+11.94%Beat+33.9%
    Dec 19
    Reported Feb 11
    		$0.75$0.71+5.63%Beat+63.0%
    Sep 19
    Reported Nov 6
    		$0.71$0.62+14.52%Beat+54.3%
    Jun 19
    Reported Jul 31
    		$0.59$0.55+7.27%Beat+47.5%
    Mar 19
    Reported May 1
    		$0.56$0.52+7.69%Beat+64.7%
    Dec 18
    Reported Feb 12
    		$0.46$0.46+0.00%Beat+109.1%
    Sep 18
    Reported Oct 30
    		$0.46$0.41+12.20%Beat+130.0%
    Jun 18
    Reported Aug 1
    		$0.40$0.35+14.29%Beat+300.0%
    Mar 18
    Reported May 1
    		$0.34$0.31+9.68%Beat+277.8%
    Dec 17
    Reported Feb 15
    		$0.22$0.20+10.00%Beat+83.3%
    Sep 17
    Reported Nov 1
    		$0.20$0.14+42.86%Beat-
    Jun 17
    Reported Aug 1
    		$0.10$0.11-9.09%Miss-
    Mar 17
    Reported May 4
    		$0.09$0.13-30.77%Miss-
    Dec 16
    Reported Feb 15
    		$0.12$0.13-7.69%Miss-

    Key Metrics

    Valuation
    P/E Ratio7.91EV/EBITDA6.56x
    Price/FCF6.88xFCF Yield14.53%
    Profitability
    Profit Margin54.10%Operating Margin76.70%
    ROE15.40%ROIC12.66%
    Financial Health
    Debt/Equity0.15xInterest CoverageN/A
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta0.56Avg Volume812.68K
    52-Week High$46.7452-Week Low$34.84

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$39.70
    SMA 20$40.35
    SMA 50$42.94
    SMA 200$40.12
    EMA 10$39.89
    EMA 20$40.52
    EMA 50$41.65
    EMA 200$40.51

    MACD

    Line: -0.92Signal: -1.05Hist: 0.13

    ADX

    ADX: 41.1+DI: 19.7-DI: 30.6

    Aroon & PSAR

    Aroon Up4.0
    Aroon Down56.0
    PSAR$37.16

    Bollinger Bands

    Upper Band$43.33
    Lower Band$37.36
    %B Position1479%(Upper)
    Band Width0.46

    RSI (14-Day)

    Neutral
    43.6

    Momentum Oscillators

    Stoch %K64.2
    Stoch %D56.4
    Williams %R-21.9
    ROC (10d)5.3%
    Momentum2.02
    CCI (20d)-5.3
    MFI (14d)34.9

    Volatility Measures

    ATR (14d)$1.06(2.6%)
    StdDev (20d)1.49
    Hist Vol36.2%(Moderate)

    Volume Flow

    VWAP$40.28
    OBV11.8M
    AD Line607.3K
    CMF (20d)0.032

    Volume Metrics

    Avg Vol (20d)843.4K
    Vol Ratio1.1x
    VWMA (20d)$39.93

    Pivot Points

    R3$41.08
    R2$40.40
    R1$40.05
    Pivot Point$39.37
    S1$39.02
    S2$38.34
    S3$37.99

    Advanced Oscillators

    TSI-25.33
    Ultimate Osc55.1
    KST-95.69

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$187.89M$183.47M$180.74M$178.68M$173.78M$173.25M$166.50M$166.09M$162.12M$156.25M$159.42M$148.16M
    Cost of RevenueN/A$20.66M$21.17M$18.72M$13.55M$4.59M$17.44M$10.53M$470,000$3.83M$8.42M$5.05M
    Gross ProfitN/A$162.81M$159.30M$159.96M$160.22M$168.65M$149.07M$155.56M$161.65M$152.42M$142.96M$143.11M
    Operating Expenses$50.95M$58.53M$59.59M$55.00M$50.18M$41.88M$55.63M$46.77M$43.48M$41.69M$54.24M$40.86M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating IncomeN/A$124.94M$121.15M$123.68M$123.60M$131.37M$110.87M$119.33M$118.64M$114.57M$105.18M$107.30M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$0$0$7.13M$0$0$0$7.10M$0$0$0$-8,039,000$0
    Income Before Tax$136.95M$124.94M$121.15M$123.68M$123.60M$131.37M$110.87M$119.33M$118.64M$114.57M$105.18M$107.30M
    Income Tax Expense$31.16M$25.61M$26.93M$27.68M$27.45M$28.81M$24.71M$26.52M$26.57M$25.52M$21.77M$23.34M
    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
    EBITDA$139.46M$127.34M$123.41M$125.73M$126.17M$134.08M$113.57M$121.87M$122.53M$118.51M$109.24M$108.54M
    EBIT$136.95M$124.94M$121.15M$123.68M$123.60M$131.37M$110.87M$119.33M$118.64M$114.57M$105.18M$107.30M
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

    No research available

    Be the first to write about NMIH

    News

    NMI Holdings Controller Nicholas Daniel Realmuto Reduces Stake to 7,843 Shares

    NMI Holdings controller Nicholas Daniel Realmuto reduced his stake by relinquishing 302 shares at $0 each on September 13, 2026. This transaction, filed under SEC code F (indicating shares withheld for taxes)...

    Kalkine Media•9/16/26•Somewhat-Bearish

    Bank of America Corp DE Has $48.94 Million Stake in NMI Holdings Inc $NMIH

    Bank of America Corp DE increased its stake in NMI Holdings Inc by 22.7% in the first quarter, now owning 1.3 million shares valued at approximately $48.94 million...

    MarketBeat•8/13/26•Somewhat-Bullish

    NMI Holdings (NMIH) CFO Swithenbank sells 11,662 shares, retains equity stake

    Aurora Swithenbank, EVP and Chief Financial Officer of NMI Holdings, Inc. (NMIH), sold 11,662 common shares on August 11, 2026, at an average price of $44.5085 per share. Following this transaction...

    Stock Titan•8/13/26•Somewhat-Bearish

    Sei Investments Co. Has $3.06 Million Stock Holdings in NMI Holdings Inc $NMIH

    Sei Investments Co. increased its stake in NMI Holdings Inc (NASDAQ:NMIH) by 46.9% in the first quarter, bringing its total holdings to 81,673 shares valued at approximately $3.06 million. NMI reported strong quarterly...

    MarketBeat•8/8/26•Bullish

    NMI Holdings (NMIH) risk chief sells 12,000 shares at $44.65

    Robert Owen Smith, EVP and Chief Risk Officer of NMI Holdings, sold 12,000 common shares on August 3, 2026, for a weighted-average price of $44.6469 per share. Following this transaction...

    Stock Titan•8/5/26•Bearish

    NMIH Valuation and Fair Value

    P/E
    7.9x
    Forward P/E
    7.7x
    EV/EBITDA
    6.6x
    P/FCF
    6.9x
    PEG
    1.7x
    P/B
    1.1x
    See GNG's fair value

    NMIH Profitability: Margins, ROIC and FCF

    Operating margin
    76.7%
    Net margin
    54.1%
    ROIC
    12.7%
    ROE
    15.4%
    FCF margin
    60.4%
    FCF yield
    14.5%

    NMIH Competitors

    CompanyTicker
    Slide Insurance Holdings, Inc. Common StockSLDE
    First Hawaiian IncFHB
    PennyMac Finl Svcs IncPFSI
    Siriuspoint LtdSPNT
    Digitalbridge Group IncDBRG
    Miami International Holdings, Inc.MIAX
    Hercules Capital, Inc.HTGC
    BankUnited IncBKU

    Sector: Financial Services

    NMIH Analyst Ratings

    Consensus
    Buy
    Analysts
    7
    Strong Buy
    2
    Buy
    3
    Hold
    2
    Sell
    0
    Strong Sell
    0

    NMIH Bull Case vs Bear Case

    Bull case

    • NMIH converts 60.4% of revenue into free cash flow.
    • NMIH has a 54.1% net profit margin.
    • NMIH beat EPS estimates in 75.0% of its last 8 reported quarters.

    NMIH Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    3.4%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.30
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    3 up, 1 down

    Frequently Asked Questions About NMIH

    Does NMIH pay dividends?

    NMI Holdings Inc (NMIH) does not currently pay a regular dividend.

    What is NMIH's P/E ratio?

    NMI Holdings Inc has a price-to-earnings (P/E) ratio of 7.91.

    What is NMIH's market cap?

    NMI Holdings Inc (NMIH) has a market capitalization of $2.99B with a current stock price of $40.10.

    Related stocks

    Sector: Financial Services

    All stocks starting with N

    Get full access to GNG Research

    Create a free account to access portfolio tracking, advanced tools, and more.

    Create Free AccountLog In