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NMI (NMIH) Financials

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$33.68 +0.25 (+0.75%)
Closing price 04/17/2025 04:00 PM Eastern
Extended Trading
$34.13 +0.45 (+1.35%)
As of 04/17/2025 06:19 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for NMI

Annual Income Statements for NMI

This table shows NMI's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-28 64 22 108 172 172 231 293 322 360
Consolidated Net Income / (Loss)
-28 64 22 108 172 172 231 293 322 360
Net Income / (Loss) Continuing Operations
-28 64 22 108 172 172 231 293 322 360
Total Pre-Tax Income
-28 11 53 136 217 218 297 377 413 463
Total Revenue
53 107 165 259 358 409 453 523 579 651
Net Interest Income / (Expense)
-2.06 -15 -14 -15 -12 -24 -32 0.00 0.00 0.00
Total Interest Income
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense
2.06 15 14 15 12 24 32 0.00 0.00 0.00
Total Non-Interest Income
56 122 179 274 370 433 485 523 579 651
Other Service Charges
0.03 0.28 0.52 0.23 2.86 3.28 1.98 1.19 0.76 0.94
Net Realized & Unrealized Capital Gains on Investments
9.98 11 12 22 22 33 39 47 67 85
Premiums Earned
46 110 166 251 345 397 444 475 511 565
Total Non-Interest Expense
81 96 112 123 141 191 157 146 166 188
Property & Liability Insurance Claims
0.65 2.39 5.34 5.45 13 59 12 -3.59 23 32
Other Operating Expenses
81 93 107 117 129 134 145 151 144 156
Other Special Charges
- - - - - -2.91 -0.57 -1.11 0.00 0.00
Income Tax Expense
0.00 -53 31 28 45 47 66 84 91 103
Basic Earnings per Share
($0.47) $1.08 $0.37 $1.66 $2.54 $2.20 $2.70 $3.45 $3.91 $4.51
Weighted Average Basic Shares Outstanding
58.68M 59.07M 59.82M 65.02M 67.57M 78.02M 85.62M 84.92M 82.41M 79.84M
Diluted Earnings per Share
($0.47) $1.05 $0.35 $1.60 $2.47 $2.13 $2.65 $3.39 $3.84 $4.43
Weighted Average Diluted Shares Outstanding
58.68M 60.83M 62.19M 67.65M 69.72M 79.26M 86.89M 86.00M 83.85M 81.27M
Weighted Average Basic & Diluted Shares Outstanding
58.68M 57.70M 59.60M 65M 68.44M 85.30M 85.84M 83.66M 80.88M 78.45M

Quarterly Income Statements for NMI

This table shows NMI's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
77 73 74 80 84 83 89 92 93 86
Consolidated Net Income / (Loss)
77 73 74 80 84 83 89 92 93 86
Net Income / (Loss) Continuing Operations
77 73 74 80 84 83 89 92 93 86
Total Pre-Tax Income
99 95 96 104 107 105 115 119 119 111
Total Revenue
123 157 129 143 148 159 148 162 166 175
Net Interest Income / (Expense)
-8.04 24 -8.04 0.00 0.00 8.04 -8.04 0.00 0.00 8.04
Total Interest Expense
8.04 -24 8.04 0.00 0.00 -8.04 8.04 0.00 0.00 -8.04
Total Non-Interest Income
131 133 137 143 148 151 156 162 166 167
Other Service Charges
0.30 0.18 0.16 0.18 0.22 0.19 0.16 0.27 0.29 0.23
Net Realized & Unrealized Capital Gains on Investments
12 13 15 17 18 18 19 21 22 23
Premiums Earned
118 120 122 126 130 133 137 141 143 144
Total Non-Interest Expense
24 62 33 39 41 54 34 43 47 64
Property & Liability Insurance Claims
-3.39 3.45 6.70 2.87 4.81 8.23 3.69 0.28 10 17
Other Operating Expenses
27 59 26 36 36 46 30 43 36 46
Income Tax Expense
22 22 22 24 23 22 26 27 27 25
Basic Earnings per Share
$0.91 $0.87 $0.89 $0.97 $1.02 $1.03 $1.10 $1.15 $1.17 $1.09
Weighted Average Basic Shares Outstanding
84.44M 84.92M 83.60M 82.96M 82.10M 82.41M 80.73M 80.12M 79.55M 79.84M
Diluted Earnings per Share
$0.90 $0.86 $0.88 $0.95 $1.00 $1.01 $1.08 $1.13 $1.15 $1.07
Weighted Average Diluted Shares Outstanding
85.49M 86.00M 84.84M 84.19M 83.67M 83.85M 82.10M 81.30M 81.05M 81.27M
Weighted Average Basic & Diluted Shares Outstanding
83.58M 83.66M 83.28M 82.28M 81.08M 80.88M 80.28M 79.67M 79.13M 78.45M

Annual Cash Flow Statements for NMI

This table details how cash moves in and out of NMI's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-46 -9.57 -29 6.10 16 86 -50 -32 52 -42
Net Cash From Operating Activities
41 72 68 146 208 253 326 313 343 394
Net Cash From Continuing Operating Activities
41 72 68 146 208 253 326 313 343 394
Net Income / (Loss) Continuing Operations
-28 64 22 108 172 172 231 293 322 360
Consolidated Net Income / (Loss)
-28 64 22 108 172 172 231 293 322 360
Depreciation Expense
4.86 5.66 6.66 7.81 9.30 9.93 11 12 12 12
Amortization Expense
0.25 3.17 3.07 4.91 2.26 7.70 8.59 7.57 2.44 1.14
Non-Cash Adjustments to Reconcile Net Income
5.44 -43 44 14 67 54 81 98 108 107
Changes in Operating Assets and Liabilities, net
59 43 -8.51 11 -42 9.61 -6.13 -97 -101 -87
Net Cash From Investing Activities
-230 -80 -93 -221 -194 -630 -374 -290 -200 -339
Net Cash From Continuing Investing Activities
-230 -80 -93 -221 -194 -630 -374 -290 -200 -339
Purchase of Property, Leasehold Improvements and Equipment
-6.14 -11 -8.51 -8.06 -9.96 -12 -12 -11 -9.37 -6.91
Purchase of Investment Securities
-365 -314 -350 -614 -521 -1,108 -525 -548 -655 -652
Sale and/or Maturity of Investments
141 245 266 402 336 491 163 268 464 319
Net Cash From Financing Activities
143 -1.72 -3.24 81 2.00 463 -1.83 -56 -90 -97
Net Cash From Continuing Financing Activities
143 -1.72 -3.24 81 2.00 463 -1.83 -56 -90 -97
Issuance of Debt
149 0.00 0.00 149 0.00 400 - 0.00 0.00 420
Issuance of Common Equity
0.42 0.53 7.10 92 22 229 4.20 5.44 11 4.29
Repayment of Debt
-4.81 -1.50 -1.95 -151 -1.50 -157 -1.11 0.00 0.00 -413
Repurchase of Common Equity
- - - - - 0.00 0.00 -57 -92 -98
Other Financing Activities, Net
-1.11 -0.76 -8.40 -9.40 -18 -8.96 -4.92 -4.70 -9.36 -10
Cash Interest Paid
0.01 9.67 13 12 11 18 30 30 30 14
Cash Income Taxes Paid
0.00 0.20 1.22 0.87 0.06 0.07 0.46 -0.02 0.02 20

Quarterly Cash Flow Statements for NMI

This table details how cash moves in and out of NMI's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
53 -81 39 -9.79 103 -80 43 -77 71 -79
Net Cash From Operating Activities
108 32 90 102 121 30 112 118 128 36
Net Cash From Continuing Operating Activities
108 32 90 102 121 30 112 118 128 36
Net Income / (Loss) Continuing Operations
77 73 74 80 84 83 89 92 93 86
Consolidated Net Income / (Loss)
77 73 74 80 84 83 89 92 93 86
Depreciation Expense
2.93 2.89 2.80 2.84 2.87 3.03 3.00 2.99 2.98 2.97
Amortization Expense
2.00 1.33 1.45 1.60 -1.64 1.04 0.95 0.89 -0.44 -0.27
Non-Cash Adjustments to Reconcile Net Income
25 26 24 27 26 31 28 37 19 24
Changes in Operating Assets and Liabilities, net
1.25 -72 -13 -9.39 9.90 -88 -9.34 -15 14 -77
Net Cash From Investing Activities
-34 -108 -34 -86 1.56 -82 -38 -175 -41 -86
Net Cash From Continuing Investing Activities
-34 -108 -34 -86 1.56 -82 -38 -175 -41 -86
Purchase of Property, Leasehold Improvements and Equipment
-2.45 -2.82 -1.52 -3.03 -3.35 -1.47 -2.19 -1.84 -1.48 -1.40
Purchase of Investment Securities
-156 -161 -241 -137 -128 -150 -96 -242 -160 -153
Sale and/or Maturity of Investments
125 56 208 54 133 69 60 70 121 69
Net Cash From Financing Activities
-20 -5.50 -17 -26 -19 -28 -31 -20 -17 -29
Net Cash From Continuing Financing Activities
-20 -5.50 -17 -26 -19 -28 -31 -20 -17 -29
Issuance of Common Equity
0.88 0.05 2.66 0.05 0.16 7.68 4.22 0.06 0.00 0.01
Repurchase of Common Equity
-21 -5.38 -15 -26 -19 -32 -25 -27 -17 -29
Other Financing Activities, Net
-0.06 -0.17 -5.26 -0.03 -0.15 -3.91 -9.80 -0.38 -0.01 -0.03
Cash Interest Paid
- 15 - - - 15 - - -14 14
Cash Income Taxes Paid
- -0.02 - - 0.02 -0.00 - - 9.37 11

Annual Balance Sheets for NMI

This table presents NMI's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
662 840 895 1,092 1,365 2,167 2,451 2,516 2,941 3,350
Cash and Due from Banks
57 48 19 25 41 127 - 44 97 54
Trading Account Securities
559 629 716 911 1,141 1,804 2,086 2,099 2,371 2,724
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income
2.87 3.42 4.21 5.69 6.83 9.86 12 14 20 22
Premises and Equipment, Net
15 20 23 25 26 30 32 32 30 26
Unearned Premiums Asset
5.14 52 65 66 67 56 60 70 76 83
Deferred Acquisition Cost
18 30 38 47 60 62 60 59 63 64
Intangible Assets
3.63 3.63 3.63 3.63 3.63 3.63 3.63 3.63 3.63 3.63
Other Assets
1.52 54 26 7.95 20 74 120 194 280 373
Total Liabilities & Shareholders' Equity
662 840 895 1,092 1,365 2,167 2,451 2,516 2,941 3,350
Total Liabilities
260 364 386 391 434 797 885 902 1,015 1,133
Other Short-Term Payables
23 25 23 31 40 62 - 75 86 103
Long-Term Debt
144 144 144 147 146 393 395 396 398 415
Claims and Claim Expense
0.68 3.00 8.76 13 24 91 104 100 124 152
Unearned Premiums Liability
91 153 163 159 137 119 139 123 92 65
Other Long-Term Liabilities
1.60 39 47 41 88 133 247 209 314 397
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
403 476 509 702 930 1,370 1,566 1,614 1,926 2,217
Total Preferred & Common Equity
403 476 509 702 930 1,370 1,566 1,614 1,926 2,217
Total Common Equity
402 476 509 702 930 1,370 1,566 1,614 1,926 2,217
Common Stock
570 578 586 683 708 939 956 974 992 1,006
Retained Earnings
-161 -97 -74 33 205 377 608 901 1,223 1,583
Treasury Stock
- - - - - - 0.00 -57 -149 -247
Accumulated Other Comprehensive Income / (Loss)
-7.47 -5.29 -2.86 -15 17 54 1.49 -204 -140 -125

Quarterly Balance Sheets for NMI

This table presents NMI's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
2,404 2,634 2,690 2,762 3,006 3,102 3,320
Cash and Due from Banks
126 83 73 176 140 63 133
Trading Account Securities
1,974 2,172 2,234 2,198 2,394 2,521 2,708
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income
13 16 17 18 20 21 22
Premises and Equipment, Net
32 32 32 32 30 29 27
Unearned Premiums Asset
69 70 72 73 75 76 78
Deferred Acquisition Cost
59 60 61 62 63 63 64
Intangible Assets
3.63 3.63 3.63 3.63 3.63 3.63 3.63
Other Assets
127 198 196 199 281 325 284
Total Liabilities & Shareholders' Equity
2,404 2,634 2,690 2,762 3,006 3,102 3,320
Total Liabilities
878 927 941 971 1,028 1,056 1,125
Other Short-Term Payables
74 70 73 89 82 78 111
Long-Term Debt
396 396 397 397 398 414 415
Claims and Claim Expense
95 108 110 116 127 125 136
Unearned Premiums Liability
131 114 105 98 86 78 72
Other Long-Term Liabilities
183 238 256 271 335 360 392
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,526 1,707 1,749 1,791 1,978 2,046 2,195
Total Preferred & Common Equity
1,526 1,707 1,749 1,791 1,978 2,046 2,195
Total Common Equity
1,526 1,707 1,749 1,791 1,978 2,046 2,195
Common Stock
970 974 978 982 990 994 998
Retained Earnings
828 976 1,056 1,140 1,312 1,404 1,497
Treasury Stock
-51 -71 -98 -117 -174 -201 -218
Accumulated Other Comprehensive Income / (Loss)
-221 -172 -187 -214 -150 -151 -82

Annual Metrics and Ratios for NMI

This table displays calculated financial ratios and metrics derived from NMI's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
140.71% 100.29% 54.21% 56.65% 38.42% 14.21% 10.85% 15.46% 10.64% 12.43%
EBITDA Growth
47.51% 189.44% 208.24% 137.79% 53.49% 3.30% 34.28% 25.33% 7.55% 11.67%
EBIT Growth
45.81% 141.20% 360.99% 157.54% 59.35% 0.67% 36.05% 27.16% 9.38% 12.29%
NOPAT Growth
45.81% 428.97% -65.55% 389.46% 59.33% -0.23% 34.72% 26.73% 9.97% 11.80%
Net Income Growth
43.17% 330.28% -65.55% 389.46% 59.33% -0.23% 34.72% 26.73% 9.97% 11.80%
EPS Growth
44.05% 323.40% -66.67% 357.14% 54.38% -13.77% 24.41% 27.92% 13.27% 15.36%
Operating Cash Flow Growth
297.75% 73.51% -5.81% 115.25% 42.70% 21.35% 28.95% -3.78% 9.35% 14.86%
Free Cash Flow Firm Growth
-39,346.22% 93.40% -20.19% -690.90% 35.94% -820.39% 106.53% 624.52% -96.60% 516.81%
Invested Capital Growth
28.04% 13.39% 5.34% 29.91% 26.87% 63.81% 11.20% 2.52% 15.61% 13.30%
Revenue Q/Q Growth
27.87% 13.40% 11.17% 12.65% 6.18% 0.03% 4.50% 8.27% 6.31% 7.84%
EBITDA Q/Q Growth
24.22% 126.50% 19.93% 23.42% 8.65% 0.07% 5.75% 4.10% 2.46% 0.92%
EBIT Q/Q Growth
20.71% 1,296.59% 23.37% 26.15% 8.81% -0.53% 5.91% 4.61% 2.59% 1.24%
NOPAT Q/Q Growth
17.78% 21,462.15% -73.60% 52.78% 9.33% -1.11% 5.60% 4.43% 3.36% 0.77%
Net Income Q/Q Growth
15.76% 11,908.30% -73.60% 52.78% 9.33% -1.11% 5.60% 4.43% 3.36% 0.77%
EPS Q/Q Growth
16.07% 5,350.00% -74.64% 55.34% 9.29% -6.99% 4.74% 4.95% 4.07% 1.37%
Operating Cash Flow Q/Q Growth
180.97% -7.17% 10.17% 16.38% 11.86% -10.92% 2.11% -3.85% -0.49% 1.47%
Free Cash Flow Firm Q/Q Growth
-5,591.56% 94.48% -463.03% -6.72% -2.30% -1.49% 277.29% -9.62% -81.59% 179.43%
Invested Capital Q/Q Growth
33.92% 7.90% -0.31% 5.05% 5.56% 3.67% 2.61% 4.59% 6.19% 0.87%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
-42.43% 18.95% 37.87% 57.48% 63.74% 57.65% 69.84% 75.81% 73.69% 73.20%
EBIT Margin
-51.99% 10.70% 31.97% 52.57% 60.51% 53.34% 65.46% 72.09% 71.28% 71.19%
Profit (Net Income) Margin
-51.99% 59.78% 13.35% 41.73% 48.03% 41.96% 50.99% 55.97% 55.63% 55.32%
Tax Burden Percent
100.00% 558.86% 41.77% 79.38% 79.37% 78.66% 77.89% 77.63% 78.05% 77.71%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
0.00% -458.86% 58.23% 20.62% 20.63% 21.34% 22.11% 22.37% 21.95% 22.29%
Return on Invested Capital (ROIC)
-4.00% 10.97% 3.46% 14.38% 17.87% 12.09% 12.42% 14.76% 14.87% 14.53%
ROIC Less NNEP Spread (ROIC-NNEP)
-15.58% 10.97% 3.46% 14.38% 17.87% 12.09% 12.42% 14.76% 14.87% 14.53%
Return on Net Nonoperating Assets (RNNOA)
-2.70% 3.60% 1.01% 3.45% 3.20% 2.83% 3.33% 3.67% 3.33% 2.85%
Return on Equity (ROE)
-6.70% 14.57% 4.48% 17.83% 21.07% 14.92% 15.75% 18.42% 18.20% 17.38%
Cash Return on Invested Capital (CROIC)
-28.59% -1.58% -1.74% -11.64% -5.82% -36.29% 1.81% 12.27% 0.38% 2.06%
Operating Return on Assets (OROA)
-4.94% 1.52% 6.09% 13.69% 17.64% 12.35% 12.85% 15.19% 15.13% 14.73%
Return on Assets (ROA)
-4.94% 8.52% 2.54% 10.86% 14.00% 9.72% 10.01% 11.79% 11.81% 11.45%
Return on Common Equity (ROCE)
-6.69% 14.57% 4.48% 17.83% 21.07% 14.92% 15.75% 18.42% 18.20% 17.38%
Return on Equity Simple (ROE_SIMPLE)
-6.90% 13.46% 4.33% 15.39% 18.48% 12.53% 14.76% 18.15% 16.72% 16.24%
Net Operating Profit after Tax (NOPAT)
-19 64 22 108 172 172 231 293 322 360
NOPAT Margin
-36.39% 59.78% 13.35% 41.73% 48.03% 41.96% 50.99% 55.97% 55.63% 55.32%
Net Nonoperating Expense Percent (NNEP)
11.59% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
151.99% 89.30% 68.03% 47.43% 39.49% 46.66% 34.54% 27.91% 28.72% 28.81%
Earnings before Interest and Taxes (EBIT)
-28 11 53 136 217 218 297 377 413 463
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-23 20 63 149 228 236 317 397 427 476
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.31
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.31
Price to Revenue (P/Rev)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.47
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.08
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.38%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.24
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.02
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.86
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.06
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.08
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.31
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 63.95
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.36 0.30 0.28 0.21 0.16 0.29 0.25 0.25 0.21 0.19
Long-Term Debt to Equity
0.36 0.30 0.28 0.21 0.16 0.29 0.25 0.25 0.21 0.19
Financial Leverage
0.17 0.33 0.29 0.24 0.18 0.23 0.27 0.25 0.22 0.20
Leverage Ratio
1.36 1.71 1.76 1.64 1.51 1.54 1.57 1.56 1.54 1.52
Compound Leverage Factor
1.36 1.71 1.76 1.64 1.51 1.54 1.57 1.56 1.54 1.52
Debt to Total Capital
26.33% 23.29% 22.04% 17.30% 13.54% 22.31% 20.13% 19.71% 17.11% 15.77%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
26.33% 23.29% 22.04% 17.30% 13.54% 22.31% 20.13% 19.71% 17.11% 15.77%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
73.56% 76.71% 77.96% 82.70% 86.46% 77.69% 79.87% 80.29% 82.89% 84.23%
Debt to EBITDA
-6.35 7.12 2.30 0.99 0.64 1.67 1.25 1.00 0.93 0.87
Net Debt to EBITDA
-3.82 4.76 1.99 0.82 0.46 1.13 1.00 0.89 0.71 0.76
Long-Term Debt to EBITDA
-6.35 7.12 2.30 0.99 0.64 1.67 1.25 1.00 0.93 0.87
Debt to NOPAT
-7.40 2.26 6.53 1.36 0.85 2.29 1.71 1.35 1.23 1.15
Net Debt to NOPAT
-4.45 1.51 5.65 1.13 0.61 1.55 1.38 1.20 0.93 1.00
Long-Term Debt to NOPAT
-7.40 2.26 6.53 1.36 0.85 2.29 1.71 1.35 1.23 1.15
Noncontrolling Interest Sharing Ratio
0.14% 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-139 -9.19 -11 -87 -56 -515 34 244 8.29 51
Operating Cash Flow to CapEx
675.84% 627.18% 796.28% 1,809.69% 2,090.70% 2,077.46% 2,661.54% 2,964.38% 3,656.46% 5,700.28%
Free Cash Flow to Firm to Interest Expense
-67.66 -0.62 -0.82 -5.83 -4.63 -21.12 1.06 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
20.16 4.85 5.01 9.74 17.22 10.36 10.24 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
17.17 4.07 4.38 9.20 16.40 9.86 9.86 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.10 0.14 0.19 0.26 0.29 0.23 0.20 0.21 0.21 0.21
Fixed Asset Turnover
3.96 6.01 7.64 10.88 14.08 14.67 14.69 16.36 18.62 23.28
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
547 620 653 848 1,076 1,763 1,960 2,010 2,324 2,633
Invested Capital Turnover
0.11 0.18 0.26 0.34 0.37 0.29 0.24 0.26 0.27 0.26
Increase / (Decrease) in Invested Capital
120 73 33 195 228 687 198 49 314 309
Enterprise Value (EV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,270
Market Capitalization
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,909
Book Value per Share
$6.85 $8.04 $8.48 $10.58 $13.69 $16.15 $18.26 $19.31 $23.75 $28.02
Tangible Book Value per Share
$6.78 $7.98 $8.42 $10.53 $13.63 $16.11 $18.22 $19.26 $23.71 $27.98
Total Capital
547 620 653 848 1,076 1,763 1,960 2,010 2,324 2,633
Total Debt
144 144 144 147 146 393 395 396 398 415
Total Long-Term Debt
144 144 144 147 146 393 395 396 398 415
Net Debt
87 97 125 121 105 266 318 352 301 361
Capital Expenditures (CapEx)
6.14 11 8.51 8.06 9.96 12 12 11 9.37 6.91
Net Nonoperating Expense (NNE)
8.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
144 144 144 147 146 393 395 396 398 415
Total Depreciation and Amortization (D&A)
5.11 8.83 9.74 13 12 18 20 19 14 13
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.47) $1.11 $0.37 $1.66 $2.54 $2.20 $2.70 $0.00 $3.91 $4.51
Adjusted Weighted Average Basic Shares Outstanding
58.83M 59.07M 59.82M 65.02M 67.57M 78.02M 85.62M 0.00 82.41M 79.84M
Adjusted Diluted Earnings per Share
($0.47) $1.08 $0.35 $1.60 $2.47 $2.13 $2.65 $0.00 $3.84 $4.43
Adjusted Weighted Average Diluted Shares Outstanding
58.83M 60.83M 62.19M 67.65M 69.72M 79.26M 86.89M 0.00 83.85M 81.27M
Adjusted Basic & Diluted Earnings per Share
($0.47) $0.00 $0.00 $0.00 $2.54 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
58.68M 59.15M 60.61M 66.43M 68.44M 85.30M 85.84M 0.00 80.88M 78.45M
Normalized Net Operating Profit after Tax (NOPAT)
-19 8.02 37 108 172 169 231 292 322 360
Normalized NOPAT Margin
-36.39% 7.49% 22.38% 41.73% 48.03% 41.40% 50.89% 55.80% 55.63% 55.32%
Pre Tax Income Margin
-51.99% 10.70% 31.97% 52.57% 60.51% 53.34% 65.46% 72.09% 71.28% 71.19%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-13.51 0.77 3.90 9.08 17.93 8.94 9.33 0.00 0.00 0.00
NOPAT to Interest Expense
-9.46 4.31 1.63 7.21 14.23 7.04 7.27 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
-16.49 0.00 3.27 8.54 17.10 8.45 8.95 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
-12.44 3.54 1.00 6.67 13.41 6.54 6.88 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 19.32% 28.44% 27.11%

Quarterly Metrics and Ratios for NMI

This table displays calculated financial ratios and metrics derived from NMI's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
5.54% 34.10% 7.82% 14.91% 20.91% 1.39% 15.13% 13.62% 12.10% 9.49%
EBITDA Growth
25.41% 18.75% 9.15% 6.13% 4.85% 10.34% 18.02% 12.94% 12.29% 3.96%
EBIT Growth
27.29% 21.26% 10.87% 7.06% 8.84% 10.97% 19.13% 14.03% 11.21% 5.41%
NOPAT Growth
27.65% 20.51% 10.01% 6.42% 9.26% 14.36% 19.60% 14.69% 10.55% 3.30%
Net Income Growth
27.65% 20.51% 10.01% 6.42% 9.26% 14.36% 19.60% 14.69% 10.55% 3.30%
EPS Growth
30.43% 22.86% 14.29% 10.47% 11.11% 17.44% 22.73% 18.95% 15.00% 5.94%
Operating Cash Flow Growth
9.04% -28.30% 11.86% 8.96% 12.12% -5.27% 24.20% 15.59% 6.29% 18.94%
Free Cash Flow Firm Growth
143.93% 117.21% -11.61% -1,733.05% -377.60% -1,077.51% -86.68% -53.05% -80.07% 3.30%
Invested Capital Growth
0.58% 2.52% 8.97% 11.73% 13.87% 15.61% 12.99% 14.64% 19.27% 13.30%
Revenue Q/Q Growth
-1.31% 28.31% 2.93% 10.83% 3.84% 7.60% 9.57% 9.38% 2.45% 5.09%
EBITDA Q/Q Growth
1.26% -4.36% 1.43% 8.04% 0.04% 0.65% 8.48% 3.39% -0.54% -6.81%
EBIT Q/Q Growth
1.44% -3.86% 1.47% 8.19% 3.12% -1.97% 8.92% 3.56% 0.58% -7.08%
NOPAT Q/Q Growth
1.85% -5.07% 2.08% 7.82% 4.57% -0.65% 6.76% 3.40% 0.79% -7.16%
Net Income Q/Q Growth
1.85% -5.07% 2.08% 7.82% 4.57% -0.65% 6.76% 3.40% 0.79% -7.16%
EPS Q/Q Growth
4.65% -4.44% 2.33% 7.95% 5.26% 1.00% 6.93% 4.63% 1.77% -6.96%
Operating Cash Flow Q/Q Growth
15.23% -70.50% 182.58% 13.44% 18.57% -75.07% 270.47% 5.57% 9.03% -72.11%
Free Cash Flow Firm Q/Q Growth
640.71% -64.18% -518.60% -47.02% -25.91% -26.14% 20.06% -20.53% -48.15% 32.26%
Invested Capital Q/Q Growth
0.06% 4.59% 4.65% 2.03% 1.98% 6.19% 2.27% 3.51% 6.10% 0.87%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
84.48% 62.97% 78.00% 76.03% 73.26% 68.53% 79.96% 75.58% 73.38% 65.07%
EBIT Margin
80.45% 60.28% 74.70% 72.92% 72.42% 65.98% 77.30% 73.18% 71.84% 63.52%
Profit (Net Income) Margin
62.70% 46.39% 57.84% 56.27% 56.67% 52.32% 60.08% 56.80% 55.88% 49.37%
Tax Burden Percent
77.94% 76.96% 77.42% 77.16% 78.24% 79.30% 77.73% 77.61% 77.78% 77.72%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
22.06% 23.04% 22.58% 22.84% 21.76% 20.70% 22.27% 22.39% 22.22% 22.28%
Return on Invested Capital (ROIC)
15.82% 12.23% 14.36% 14.36% 15.02% 13.98% 15.19% 14.45% 14.06% 12.97%
ROIC Less NNEP Spread (ROIC-NNEP)
15.82% 12.23% 14.36% 14.36% 15.02% 13.98% 15.19% 14.45% 14.06% 12.97%
Return on Net Nonoperating Assets (RNNOA)
4.11% 3.04% 3.50% 3.48% 3.59% 3.14% 3.27% 3.09% 2.86% 2.54%
Return on Equity (ROE)
19.93% 15.27% 17.86% 17.84% 18.61% 17.12% 18.47% 17.53% 16.92% 15.51%
Cash Return on Invested Capital (CROIC)
14.06% 12.27% 6.28% 3.89% 2.19% 0.38% 2.83% 1.49% -2.68% 2.06%
Operating Return on Assets (OROA)
16.20% 12.70% 14.79% 14.90% 15.27% 14.00% 15.52% 14.80% 14.26% 13.15%
Return on Assets (ROA)
12.62% 9.78% 11.45% 11.49% 11.95% 11.10% 12.07% 11.49% 11.09% 10.22%
Return on Common Equity (ROCE)
19.93% 15.27% 17.86% 17.84% 18.61% 17.12% 18.47% 17.53% 16.92% 15.51%
Return on Equity Simple (ROE_SIMPLE)
18.38% 0.00% 17.56% 17.41% 17.40% 0.00% 17.02% 17.04% 16.28% 0.00%
Net Operating Profit after Tax (NOPAT)
77 73 74 80 84 83 89 92 93 86
NOPAT Margin
62.70% 46.39% 57.84% 56.27% 56.67% 52.32% 60.08% 56.80% 55.88% 49.37%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
19.55% 39.72% 25.30% 27.08% 27.58% 34.02% 22.70% 26.82% 28.16% 36.48%
Earnings before Interest and Taxes (EBIT)
99 95 96 104 107 105 115 119 119 111
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
104 99 100 108 109 109 119 123 122 114
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.34 1.50 1.31
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.34 1.50 1.31
Price to Revenue (P/Rev)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.67 5.44 4.47
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.84 9.18 8.08
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.75% 10.89% 12.38%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.25 1.37 1.24
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.27 5.90 5.02
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.72 7.55 6.86
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.92 7.78 7.06
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.85 9.97 9.08
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.11 9.19 8.31
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 89.65 0.00 63.95
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.26 0.25 0.23 0.23 0.22 0.21 0.20 0.20 0.19 0.19
Long-Term Debt to Equity
0.26 0.25 0.23 0.23 0.22 0.21 0.20 0.20 0.19 0.19
Financial Leverage
0.26 0.25 0.24 0.24 0.24 0.22 0.22 0.21 0.20 0.20
Leverage Ratio
1.58 1.56 1.56 1.55 1.56 1.54 1.53 1.53 1.53 1.52
Compound Leverage Factor
1.58 1.56 1.56 1.55 1.56 1.54 1.53 1.53 1.53 1.52
Debt to Total Capital
20.59% 19.71% 18.85% 18.49% 18.15% 17.11% 16.75% 16.84% 15.89% 15.77%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
20.59% 19.71% 18.85% 18.49% 18.15% 17.11% 16.75% 16.84% 15.89% 15.77%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
79.41% 80.29% 81.15% 81.51% 81.85% 82.89% 83.25% 83.16% 84.11% 84.23%
Debt to EBITDA
1.04 1.00 0.98 0.96 0.95 0.93 0.89 0.90 0.88 0.87
Net Debt to EBITDA
0.71 0.89 0.77 0.79 0.53 0.71 0.58 0.77 0.60 0.76
Long-Term Debt to EBITDA
1.04 1.00 0.98 0.96 0.95 0.93 0.89 0.90 0.88 0.87
Debt to NOPAT
1.41 1.35 1.32 1.30 1.27 1.23 1.18 1.19 1.16 1.15
Net Debt to NOPAT
0.96 1.20 1.05 1.06 0.71 0.93 0.77 1.01 0.79 1.00
Long-Term Debt to NOPAT
1.41 1.35 1.32 1.30 1.27 1.23 1.18 1.19 1.16 1.15
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
66 24 -99 -145 -183 -230 -184 -222 -329 -223
Operating Cash Flow to CapEx
4,407.73% 1,129.34% 5,921.89% 3,359.87% 3,607.82% 2,044.60% 5,104.03% 6,401.58% 8,665.32% 2,564.14%
Free Cash Flow to Firm to Interest Expense
8.19 0.00 -12.27 0.00 0.00 0.00 -22.91 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
13.41 0.00 11.17 0.00 0.00 0.00 13.88 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
13.11 0.00 10.99 0.00 0.00 0.00 13.61 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.20 0.21 0.20 0.20 0.21 0.21 0.20 0.20 0.20 0.21
Fixed Asset Turnover
15.05 16.36 15.59 16.14 16.98 18.62 18.23 19.17 20.38 23.28
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
1,922 2,010 2,103 2,146 2,188 2,324 2,376 2,460 2,610 2,633
Invested Capital Turnover
0.25 0.26 0.25 0.26 0.27 0.27 0.25 0.25 0.25 0.26
Increase / (Decrease) in Invested Capital
11 49 173 225 267 314 273 314 422 309
Enterprise Value (EV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,084 3,563 3,270
Market Capitalization
0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,733 3,282 2,909
Book Value per Share
$18.01 $19.31 $20.40 $21.00 $21.77 $23.75 $24.51 $25.48 $27.55 $28.02
Tangible Book Value per Share
$17.97 $19.26 $20.36 $20.96 $21.72 $23.71 $24.46 $25.44 $27.51 $27.98
Total Capital
1,922 2,010 2,103 2,146 2,188 2,324 2,376 2,460 2,610 2,633
Total Debt
396 396 396 397 397 398 398 414 415 415
Total Long-Term Debt
396 396 396 397 397 398 398 414 415 415
Net Debt
270 352 313 323 221 301 258 352 281 361
Capital Expenditures (CapEx)
2.45 2.82 1.52 3.03 3.35 1.47 2.19 1.84 1.48 1.40
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
396 396 396 397 397 398 398 414 415 415
Total Depreciation and Amortization (D&A)
4.93 4.22 4.24 4.44 1.24 4.06 3.94 3.88 2.54 2.70
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.91 $0.87 $0.89 $0.97 $1.02 $1.03 $1.10 $1.15 $1.17 $1.09
Adjusted Weighted Average Basic Shares Outstanding
84.44M 84.92M 83.60M 82.96M 82.10M 82.41M 80.73M 80.12M 79.55M 79.84M
Adjusted Diluted Earnings per Share
$0.90 $0.86 $0.88 $0.95 $1.00 $1.01 $1.08 $1.13 $1.15 $1.07
Adjusted Weighted Average Diluted Shares Outstanding
85.49M 86.00M 84.84M 84.19M 83.67M 83.85M 82.10M 81.30M 81.05M 81.27M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
83.58M 83.66M 83.28M 82.28M 81.08M 80.88M 80.28M 79.67M 79.13M 78.45M
Normalized Net Operating Profit after Tax (NOPAT)
77 73 74 80 84 83 89 92 93 86
Normalized NOPAT Margin
62.70% 46.39% 57.84% 56.27% 56.67% 52.32% 60.08% 56.80% 55.88% 49.37%
Pre Tax Income Margin
80.45% 60.28% 74.70% 72.92% 72.42% 65.98% 77.30% 73.18% 71.84% 63.52%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
12.27 0.00 11.96 0.00 0.00 0.00 14.25 0.00 0.00 0.00
NOPAT to Interest Expense
9.56 0.00 9.26 0.00 0.00 0.00 11.08 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
11.96 0.00 11.77 0.00 0.00 0.00 13.98 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
9.26 0.00 9.07 0.00 0.00 0.00 10.80 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
18.25% 19.32% 22.15% 22.00% 20.99% 28.44% 30.30% 29.52% 28.12% 27.11%

Frequently Asked Questions About NMI's Financials

When does NMI's fiscal year end?

According to the most recent income statement we have on file, NMI's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has NMI's net income changed over the last 9 years?

NMI's net income appears to be on an upward trend, with a most recent value of $360.11 million in 2024, falling from -$27.79 million in 2015. The previous period was $322.11 million in 2023.

How has NMI revenue changed over the last 9 years?

Over the last 9 years, NMI's total revenue changed from $53.46 million in 2015 to $650.97 million in 2024, a change of 1,117.8%.

How much debt does NMI have?

NMI's total liabilities were at $1.13 billion at the end of 2024, a 11.6% increase from 2023, and a 336.1% increase since 2015.

How much cash does NMI have?

In the past 9 years, NMI's cash and equivalents has ranged from $0.00 in 2021 to $126.94 million in 2020, and is currently $54.31 million as of their latest financial filing in 2024.

How has NMI's book value per share changed over the last 9 years?

Over the last 9 years, NMI's book value per share changed from 6.85 in 2015 to 28.02 in 2024, a change of 309.3%.



This page (NASDAQ:NMIH) was last updated on 4/18/2025 by MarketBeat.com Staff
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