NMI Holdings Inc. Class A (NMIH) Financials

$44.01

$-0.18 (-0.41%)

As on 11-Sep-2026 10:36EDT

Market cap

$3,372 Mln

Revenue (TTM)

$731 Mln

P/E Ratio

8.9

P/B Ratio

1.3

Div. Yield

0 %

Annual
Quarterly

Income Statement ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Operating Revenue	730.52	705.58	650.97	579.00	524.46	485.64
Cost of Revenue	73.70	57.65	32.27	23.39	-2.50	14.81
Gross Profit	669.97	647.93	618.70	555.61	526.96	470.82
Operating Expenses	163.25	148.13	155.29	142.91	149.65	174.10
Operating Profit (EBIT)	506.72	499.80	463.41	412.70	377.31	296.73
Other Income	--	--	--	--	1.09	-2.51
Profit before Tax	506.72	499.80	463.41	412.70	377.31	296.73
Provision for Tax	111.39	110.88	103.31	90.59	84.40	65.60
Profit after Tax (Net Income)	395.33	388.93	360.11	322.11	292.90	231.13
Minority Interest	--	--	--	--	--	--
Consolidated Profit	--	--	--	--	292.90	231.13

Liabilities ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Shareholder's Funds	2,705.20	2,591.99	2,217.43	1,926.00	1,613.73	1,891.78
Minority Interest	--	--	--	--	--	--
Non-Current Liabilities	937.49	723.56	1,116.94	938.90	899.80	558.80
Current Liabilities	354.69	525.55	15.60	96.46	2.50	88.31
Total Liabilities	4,352.06	3,841.10	3,349.97	2,961.36	2,516.03	2,450.58

Assets ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Non-Current Assets	3,747.23	2,840.39	3,295.76	2,343.42	2,473.78	2,134.67
Current Assets	189.77	1,000.71	54.22	617.95	42.25	2,240.09
Total Assets	4,187.15	3,841.10	3,349.97	2,961.36	2,516.03	2,450.58
Total Debt*	418.02	417.03	415.15	409.00	396.05	402.80
Net Current Assets	--	--	--	--	--	--

Cashflow ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Cash From Operating Activities	--	419.30	393.60	342.68	313.39	325.72
Cash Flow from Investing Activities	--	-316.47	-339.29	-200.00	-289.79	-374.18
Cash from Financing Activities	--	-113.20	-96.70	-90.42	-55.83	-1.83
Net Cash Inflow / Outflow	--	--	--	--	-32.22	-50.29

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Adjusted EPS ($)	5.09	4.97	4.47	3.90	3.45	2.65
Cash EPS ($)	--	5.12	4.61	4.04	3.59	2.78
Adjusted Book Value ($)	--	33.14	27.50	23.29	19.03	21.72
Dividend per Share ($)	--	--	--	--	--	--
Cash Flow per Share ($)	--	5.36	4.88	4.14	3.70	3.74
Free Cash Flow per Share ($)	--	5.27	4.80	4.03	3.57	3.60

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
ROCE (%)	--	13.79	14.50	14.83	13.61	10.60
ROE (%)	14.93	16.17	17.38	18.20	16.71	13.01
ROA (%)	9.09	10.82	11.41	11.76	11.79	10.01
EBIT Margin (%)	73.26	74.87	76.86	76.84	78.07	67.65
Net Margin (%)	54.12	55.12	55.32	55.63	55.73	47.84
Cash Profit Margin (%)	0.00	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Revenue Growth (%)	7.49	0.08	0.12	0.10	0.08	0.11
EBIT Growth (%)	4.21	5.59	12.45	8.66	24.64	35.48
Net Profit Growth (%)	4.67	8.00	11.80	9.97	26.73	34.72
EPS Growth (%)	7.96	0.11	0.15	0.13	0.30	0.33
Book Value Growth (%)	15.68	--	--	--	--	--

Valuation Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Price / Earnings	8.95	8.20	8.23	7.62	6.05	8.24
Price / Book Value	1.26	1.23	1.34	1.27	1.10	1.01
Dividend Yield (%)	--	--	--	--	--	--
EV/EBITDA	--	5.85	5.90	5.64	0.06	0.43
Close Price ($)	41.09	40.79	36.76	29.68	20.90	21.85
High Price ($)	43.20	43.20	42.49	30.39	27.25	26.82
Low Price ($)	34.84	31.90	28.68	19.21	15.33	19.43
Market Cap ($ Cr)	3,372.02	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debt to Equity	0.15	0.16	0.19	0.21	0.25	0.21
Short term debt to equity ratio	--	0.00	0.00	--	--	0.00
Current Ratio	0.54	1.90	3.48	6.41	16.90	25.37
Quick Ratio	0.54	--	--	10.94	335.53	29.03
Interest Coverage	18.79	18.55	13.56	13.81	12.73	10.33

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debtors to sales (%)	11.88	21.56	17.68	17.96	17.40	16.61
Asset Turnover	0.17	0.20	0.21	0.21	0.21	0.21
Receivable days	--	69.15	61.45	61.58	59.87	55.68
Inventory Days	--	--	-4,949.63	-9,634.01	81,846.17	-7,619.29
Payable days	--	--	975.63	1,255.28	-10,707.38	1,648.43
Cash Conversion Cycle	--	--	-5,863.80	-10,827.71	92,613.42	-9,212.04

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.