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NASDAQ · Insurance - Specialty · USD

NMI Holdings, Inc. (NMIH) Stock Analysis

NMI Holdings, Inc. (NMIH) is a Insurance - Specialty stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

NMIH

$40.77

−$0.87 (−2.09%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NMIH Key Statistics

As of Oct 21, 2026
Trading
Open
$41.78
Previous Close
$41.64
Day's Range
40.50–41.96
52-Week Range
34.84–46.74
Volume
1.15M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.56
Valuation
Market Cap
$3.07B
P/E Ratio
8.03
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
7.43
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
4.20
EPS (ttm)Profit attributable to each share over the last twelve months.
5.08
Financials (FY)
Revenue (FY)
$706.44M+8.52%
Net Income (FY)
$388.93M+8.00%
Profit marginThe share of revenue left as profit after all costs and taxes.
54.10%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
75.22M
1-Year Return
+11.48%
Dividend and dates
Earnings Date
November 5, 2026
Avg Volume
602.04K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NMIH closed at $40.77, +11.48% over 1 year.

NMI Holdings, Inc. (NMIH) has a market capitalization of $3.07B.

In fiscal 2025, NMIH reported revenue of $706.44M.

NMIH Stock Return by Calendar Year

NMI Holdings, Inc. (NMIH) 10-year return: what $10,000 became

1 year
$10,000 $11,148
+11.48%
5 years
$10,000 $16,393
+63.93%
10 years
$10,000 $50,271
+402.71%

If you had invested $10,000 in NMI Holdings, Inc. (NMIH) 10 years ago, at the close on October 21, 2016, it would have been worth $50,271 at the close on October 21, 2026: +402.71% in total, +17.53% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−0.05%
2025+10.96%
2024+23.85%
2023+42.01%
2022−4.35%
2021−3.53%
2020−31.74%
2019+85.88%
2018+5.00%
2017+59.62%
2016 (partial year)+52.58%

As of October 21, 2026.

NMIH Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$706.44M$388.93M55.1%
2024$650.97M$360.11M55.3%
2023$579.00M$322.11M55.6%
2022$524.46M$292.90M55.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$706.44M——$388.93M55.1%
2024$650.97M——$360.11M55.3%
2023$579.00M——$322.11M55.6%
2022$524.46M——$292.90M55.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

NMIH Valuation vs Insurance - Specialty Median

Median of 16 stocks
MetricNMIHInsurance - Specialty medianvs median
P/E8.039.4315% below
P/S ratio4.201.64156% above
Profit margin54.10%13.90%40.2 pts above

Medians across 16 Insurance - Specialty stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 17 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values NMI Holdings, Inc. (NMIH) at $3.07B. The company sits in the Financial Services sector, in the Insurance - Specialty industry. The company reports 225 employees.

The most recent close on file for NMIH is $40.77, dated October 21, 2026. That is −$0.87 (−2.09%) against the previous close. Over the past 52 weeks the price has ranged from $34.84 to $46.74. The latest close sits 17.02% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $706.44M. That is +8.52% against the prior fiscal year, when revenue was $650.97M. The same year closed with net income of $388.93M. That is +8.00% against the prior fiscal year. Profit margin runs at 54.1%. That is 40.2 percentage points above the Insurance - Specialty median of 13.9%. Earnings per share on a trailing basis come to 5.08.

Across the 4 fiscal years on file, revenue moves from $524.46M in 2022 to $706.44M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 8.03. That is 14.8% below the Insurance - Specialty median of 9.43. The forward P/E on file is 7.43. The price-to-sales ratio is 4.2. On price-to-sales that is 155.85% above the Insurance - Specialty median of 1.64. The medians here are taken across 16 Insurance - Specialty companies that report the metric.

Beta against the wider market is reported at 0.56. Annualized volatility over the trailing 10 years is 40.36%. Over the trailing twelve months the total return is +11.48%. Measured over 10 years, that is +17.53% a year compounded.

Growth & Income

The record shows no dividend for NMIH.

The strongest complete calendar year on file is 2019 at +85.88%; the weakest is 2020 at −31.74%. Of the 9 complete calendar years on file, 6 finished higher. 2026 is still running; the total return is −0.05% year to date.

Peer Comparison

NMI Holdings, Inc. (NMIH) operates in the Insurance - Specialty industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
NMI Holdings, Inc. NMIH $3.07B 8.0
Fidelity National Financial, Inc. FNF $10.89B 14.1
AXIS Capital Holdings Limited AXS $7.33B 7.2
First American Financial Corporation FAF $6.79B 9.2

The Insurance - Specialty industry average P/E ratio is 9.4x. NMI Holdings, Inc. trades at a P/E of 8.0.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About NMI Holdings, Inc.

NMI Holdings, Inc., together with its subsidiaries, provides private mortgage guaranty insurance services in the United States. It provides primary mortgage insurance services; and outsourced loan review services to mortgage loan originators. The company serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders. NMI Holdings, Inc. was incorporated in 2011 and is headquartered in Emeryville, California.

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