NMI profit margin NMIH
Gross, operating and net profit as a share of revenue over the last twelve months, from 2015.
- Net margin, 12 months
- 54.1%
- Net margin on a year earlier
- −1.5 pts
- Peer median
- 40.6%
Over the twelve months to Jun 30, 2026, NMI kept 54.1% of its revenue as net profit.
Five years earlier its net margin was 43.4%.
The median for 5 specialty insurers of a similar size is 40.6%.
Profit margin over time
Net
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 55.1% |
| FY2024 | 55.3% |
| FY2023 | 55.6% |
| FY2022 | 56.0% |
| FY2021 | 47.6% |
| FY2020 | 39.6% |
| FY2019 | 45.4% |
| FY2018 | 39.2% |
| FY2017 | 12.1% |
| FY2016 | 51.7% |
| FY2015 | −51.8% |
| FY2014 | n/a |
| FY2013 | n/a |
| FY2012 | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 54.1% | −1.5 pts | |
| Q1 FY26 | 53.8% | −2.1 pts | |
| Q4 FY25 | 55.1% | −0.3 pts | |
| Q3 FY25 | 55.0% | −1.2 pts | |
| Q2 FY25 | 55.6% | −0.8 pts | |
| Q1 FY25 | 55.9% | −0.3 pts | |
| Q4 FY24 | 55.3% | −0.3 pts | |
| Q3 FY24 | 56.2% | +0.6 pts | |
| Q2 FY24 | 56.4% | +0.3 pts | |
| Q1 FY24 | 56.3% | +0.0 pts | |
| Q4 FY23 | 55.6% | −0.3 pts | |
| Q3 FY23 | 55.6% | +1.1 pts |
Against its peers
Companies in Insurance - Specialty nearest NMI's size, closest first, today.
| Company | Profit margin |
|---|---|
| NMIHNMI | 54.1% |
| AGOAssured Guaranty | 40.6% |
| RDNRadian | 32.6% |
| MTGMgic Investment | 59.2% |
| ESNTEssent | 52.1% |
| ORIOld Republic International | 11.7% |
| Peer median | 40.6% |
Where NMI ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on NMI
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.