Financhill
Buy
74

NMIH Quote, Financials, Valuation and Earnings

Last price:
$41.63
Seasonality move :
-0.57%
Day range:
$41.48 - $41.73
52-week range:
$31.90 - $43.20
Dividend yield:
0%
P/E ratio:
8.70x
P/S ratio:
4.79x
P/B ratio:
1.27x
Volume:
181.6K
Avg. volume:
424.3K
1-year change:
12.46%
Market cap:
$3.2B
Revenue:
$651M
EPS (TTM):
$4.78
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $433.3M $485.1M $523.3M $579M $651M
Revenue Growth (YoY) 14.39% 11.95% 7.89% 10.64% 12.43%
 
Cost of Revenues -- -- -- -- --
Gross Profit -- -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $3.3M $2M $1.2M $756K $944K
Operating Expenses -$239.6M -$328M -$408.4M -$444.9M -$500.3M
Operating Income $239.6M $328M $408.4M $444.9M $500.3M
 
Net Interest Expenses $21.8M $31.8M $32.2M $32.2M $30.1M
EBT. Incl. Unusual Items $218.1M $296.7M $377.3M $412.7M $463.4M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $46.5M $65.6M $84.4M $90.6M $103.3M
Net Income to Company $171.6M $231.1M $292.9M $322.1M $360.1M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $171.6M $231.1M $292.9M $322.1M $360.1M
 
Basic EPS (Cont. Ops) $2.20 $2.70 $3.45 $3.91 $4.51
Diluted EPS (Cont. Ops) $2.13 $2.65 $3.39 $3.84 $4.43
Weighted Average Basic Share $78M $85.6M $84.9M $82.4M $79.8M
Weighted Average Diluted Share $79.3M $86.9M $86M $83.9M $81.3M
 
EBITDA -- -- -- -- --
EBIT $218.1M $296.7M $377.3M $412.7M $463.4M
 
Revenue (Reported) $433.3M $485.1M $523.3M $579M $651M
Operating Income (Reported) $239.6M $328M $408.4M $444.9M $500.3M
Operating Income (Adjusted) $218.1M $296.7M $377.3M $412.7M $463.4M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $124M $130.6M $148.2M $166.1M $178.7M
Revenue Growth (YoY) 15.08% 5.27% 13.47% 12.1% 7.58%
 
Cost of Revenues -- -- -- -- --
Gross Profit -- -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $613K $301K $217K $285K --
Operating Expenses -$85.4M -$106.6M -$115.4M -$126.4M -$130.8M
Operating Income $85.4M $106.6M $115.4M $126.4M $130.8M
 
Net Interest Expenses $7.9M $8M $8.1M $7.1M $7.1M
EBT. Incl. Unusual Items $77.5M $98.6M $107.3M $119.3M $123.7M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $17.3M $21.8M $23.3M $26.5M $27.7M
Net Income to Company $60.2M $76.8M $84M $92.8M --
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $60.2M $76.8M $84M $92.8M $96M
 
Basic EPS (Cont. Ops) $0.70 $0.91 $1.02 $1.17 $1.24
Diluted EPS (Cont. Ops) $0.69 $0.90 $1.00 $1.15 $1.22
Weighted Average Basic Share $85.7M $84.4M $82.1M $79.5M $77.4M
Weighted Average Diluted Share $86.9M $85.5M $83.7M $81M $78.8M
 
EBITDA -- -- -- -- --
EBIT $77.5M $98.6M $107.3M $119.3M $123.7M
 
Revenue (Reported) $124M $130.6M $148.2M $166.1M $178.7M
Operating Income (Reported) $85.4M $106.6M $115.4M $126.4M $130.8M
Operating Income (Adjusted) $77.5M $98.6M $107.3M $119.3M $123.7M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $469.9M $515.3M $560.7M $635.8M $692.2M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -- --
Gross Profit -- -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $2.1M $1.4M $739K $904K --
Operating Expenses -$312.8M -$391.6M -$434.5M -$495.6M -$518M
Operating Income $312.8M $391.6M $434.5M $495.6M $518M
 
Net Interest Expenses $31.7M $32.2M $32.2M $37.9M $28.4M
EBT. Incl. Unusual Items $280.2M $360.7M $402.3M $457.7M $489.5M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $61.3M $80.2M $90.7M $100.4M $108.7M
Net Income to Company $218.9M $280.5M $311.6M $357.4M --
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $218.9M $280.5M $311.6M $357.4M $380.9M
 
Basic EPS (Cont. Ops) $2.56 $3.28 $3.75 $4.45 $4.87
Diluted EPS (Cont. Ops) $2.53 $3.23 $3.69 $4.37 $4.78
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA -- -- -- -- --
EBIT $280.2M $360.7M $402.3M $457.7M $489.5M
 
Revenue (Reported) $469.9M $515.3M $560.7M $635.8M $692.2M
Operating Income (Reported) $312.8M $391.6M $434.5M $495.6M $518M
Operating Income (Adjusted) $280.2M $360.7M $402.3M $457.7M $489.5M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $360M $390.2M $427.6M $484.5M $525.7M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -- --
Gross Profit -- -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $1.6M $1M $563K $711K $334K
Operating Expenses -$241.9M -$305.5M -$331.7M -$382.3M -$400M
Operating Income $241.9M $305.5M $331.7M $382.3M $400M
 
Net Interest Expenses $23.8M $24.1M $24.1M $29.8M $21.3M
EBT. Incl. Unusual Items $218.6M $282.5M $307.5M $352.5M $378.7M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $48M $62.6M $68.8M $78.6M $83.9M
Net Income to Company $170.6M $220M $238.7M $273.9M $198.7M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $170.6M $220M $238.7M $273.9M $294.7M
 
Basic EPS (Cont. Ops) $1.99 $2.58 $2.88 $3.42 $3.78
Diluted EPS (Cont. Ops) $1.96 $2.53 $2.83 $3.36 $3.72
Weighted Average Basic Share $256.7M $256.1M $248.7M $240.4M $233.8M
Weighted Average Diluted Share $260.2M $259.4M $252.7M $244.4M $237.9M
 
EBITDA -- -- -- -- --
EBIT $218.6M $282.5M $307.5M $352.5M $378.7M
 
Revenue (Reported) $360M $390.2M $427.6M $484.5M $525.7M
Operating Income (Reported) $241.9M $305.5M $331.7M $382.3M $400M
Operating Income (Adjusted) $218.6M $282.5M $307.5M $352.5M $378.7M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $126.9M $76.6M $44.4M $96.7M $54.3M
Short Term Investments $1.8B $2.1B $339M $237.9M $302.1M
Accounts Receivable, Net $67.4M $80.7M $91.3M $104M $115.1M
Inventory -- -- -- -- --
Prepaid Expenses $3.3M $3.5M $154.4M $235.3M $322.2M
Other Current Assets -- -- -- -- --
Total Current Assets $294.2M $323.8M $707.5M $617.9M $741.8M
 
Property Plant And Equipment $34.3M $34.6M $42.3M $39.4M $33.9M
Long-Term Investments -- -- -- -- --
Goodwill $3.2M $3.2M $3.2M $3.2M $3.2M
Other Intangibles $390K $390K $390K $390K $390K
Other Long-Term Assets -- -- -- -- --
Total Assets $2.2B $2.4B $2.6B $3B $3.4B
 
Accounts Payable $61.7M $72M $74.6M $86.2M $103.2M
Accrued Expenses -- -- -- -- --
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $78.1M $88.3M $80.7M $99M $137.8M
 
Long-Term Debt $396M $394.9M $408.2M $409M $423.1M
Capital Leases -- -- -- -- --
Total Liabilities $788.3M $878.1M $947.9M $1B $1.1B
 
Common Stock $852K $858K $865K $873K $879K
Other Common Equity Adj $53.9M $1.5M -$204.3M -$139.9M -$124.8M
Common Equity $1.4B $1.6B $1.6B $1.9B $2.2B
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $1.4B $1.6B $1.6B $1.9B $2.2B
 
Total Liabilities and Equity $2.2B $2.4B $2.6B $3B $3.4B
Cash and Short Terms $1.9B $2.2B $381.2M $333.3M $356.3M
Total Debt $398.6M $397.5M $408.2M $409M $425.4M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Cash and Equivalents $97.3M $125.8M $176.5M $133.3M $130.4M
Short Term Investments $2.1B $2B $272.1M $300.7M --
Accounts Receivable, Net $78.9M $87M $99.3M $107.7M --
Inventory -- -- -- -- --
Prepaid Expenses $4.4M $4.7M $154.4M $235.3M $322.2M
Other Current Assets -- -- -- -- --
Total Current Assets $285.3M $512M $631.5M $724.2M $889.8M
 
Property Plant And Equipment $32.1M $42.9M $32M $27.3M $22.8M
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets -- -- -- -- --
Total Assets $2.4B $2.4B $2.7B $3.3B $3.7B
 
Accounts Payable $78.7M $73.9M $88.6M $111M $93.4M
Accrued Expenses -- -- -- -- --
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $94M $85M $99.9M $115.5M $148.3M
 
Long-Term Debt $394.3M $407.9M $397.2M $414.7M $416.5M
Capital Leases -- -- -- -- --
Total Liabilities $858.7M $856.8M $945.1M $1.1B $1.2B
 
Common Stock $857K $865K $870K $879K $884K
Other Common Equity Adj $19.4M -$221.3M -$213.6M -$82M --
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $1.5B $1.5B $1.8B $2.2B $2.5B
 
Total Liabilities and Equity $2.4B $2.4B $2.7B $3.3B $3.7B
Cash and Short Terms $2.1B $2.1B $446.3M $433.9M --
Total Debt $394.3M $407.9M $397.2M $414.7M $416.5M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders $171.6M $231.1M $292.9M $322.1M $360.1M
Depreciation & Amoritzation $9.9M $11.2M $11.9M $11.5M $11.9M
Stock-Based Compensation $11.1M $16.7M $15.4M $16.9M $19.8M
Change in Accounts Receivable -$16.4M -$13.3M -$10.6M -$12.7M -$11.1M
Change in Inventories -- -- -- -- --
Cash From Operations $252.6M $325.7M $313.4M $342.7M $393.6M
 
Capital Expenditures $12.2M $12.2M $10.6M $9.4M $6.9M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$629.6M -$374.2M -$289.8M -$200M -$339.3M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued $400M -- -- -- $419.7M
Long-Term Debt Repaid -$147.8M -- -- -- -$405.1M
Repurchase of Common Stock -- -- $56.6M $91.6M $97.6M
Other Financing Activities -$18M -$6.5M -$5.2M -$9.4M -$18M
Cash From Financing $462.8M -$1.8M -$55.8M -$90.4M -$96.7M
 
Beginning Cash (CF) $126.9M $76.6M $44.4M $96.7M $54.3M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $85.8M -$50.3M -$32.2M $52.3M -$42.4M
Ending Cash (CF) $212.8M $26.4M $12.2M $149M $11.9M
 
Levered Free Cash Flow $240.4M $313.5M $302.8M $333.3M $386.7M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders $60.2M $76.8M $84M $92.8M --
Depreciation & Amoritzation $2.9M $2.9M $2.9M $3M $2.8M
Stock-Based Compensation $3.7M $3.9M $3.7M $4.4M $4.5M
Change in Accounts Receivable -$3.3M -$3.7M -$2.9M -$3.9M --
Change in Inventories -- -- -- -- --
Cash From Operations $98.8M $107.8M $120.8M $128.4M $128M
 
Capital Expenditures $3.1M $2.4M $3.3M $1.5M $1.8M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$69.8M -$34.4M $1.6M -$40.8M -$57M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- $20.8M $19.3M $16.9M $24.6M
Other Financing Activities -$139K -$56K -$152K -$68K --
Cash From Financing $184K -$20M -$19.2M -$16.9M -$24.6M
 
Beginning Cash (CF) $97.3M $125.8M $176.5M $133.3M $130.4M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $29.2M $53.4M $103.1M $70.7M $46.4M
Ending Cash (CF) $126.4M $179.2M $279.6M $204M $176.9M
 
Levered Free Cash Flow $95.8M $105.3M $117.5M $126.9M $126.3M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders $218.9M $280.5M $311.6M $357.4M --
Depreciation & Amoritzation $10.8M $12M $11.4M $12M $11.5M
Stock-Based Compensation $13M $18.5M $14.4M $18.7M $21.1M
Change in Accounts Receivable -$13.6M -$8M -$12.4M -$8.3M --
Change in Inventories -- -- -- -- --
Cash From Operations $319M $325.9M $344.4M $387.9M $393.4M
 
Capital Expenditures $12.2M $10.9M $10.7M $7M $6.5M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$419.2M -$245.8M -$225.6M -$335.2M -$284.9M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- $51.2M $65.4M $100.5M $103.2M
Other Financing Activities -$6.8M -$6.5M -$5.6M -$21.9M --
Cash From Financing $3.3M -$51.6M -$68.1M -$95.8M -$111.3M
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$96.9M $28.6M $50.7M -$43.1M -$2.9M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow $306.8M $315.1M $333.6M $380.9M $386.8M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders $170.6M $220M $238.7M $273.9M $198.7M
Depreciation & Amoritzation $8.3M $9M $8.5M $9M $8.6M
Stock-Based Compensation $10.1M $11.9M $10.9M $12.7M $14M
Change in Accounts Receivable -$11.5M -$6.3M -$8.1M -$3.7M -$1.3M
Change in Inventories -- -- -- -- --
Cash From Operations $281.4M $281.6M $312.6M $357.8M $357.6M
 
Capital Expenditures $9.1M $7.8M $7.9M $5.5M $5.1M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$310.5M -$182.1M -$117.9M -$253.2M -$198.8M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- $419.7M --
Long-Term Debt Repaid -- -- -- -$405.1M --
Repurchase of Common Stock -- $51.2M $60M $68.9M $74.5M
Other Financing Activities -$5.1M -$5M -$5.4M -$18M -$10.9M
Cash From Financing -$538K -$50.3M -$62.6M -$68M -$82.6M
 
Beginning Cash (CF) $280.9M $329.1M $332.9M $335.7M $288.7M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$29.7M $49.2M $132M $36.6M $76.1M
Ending Cash (CF) $251.2M $378.3M $464.9M $372.3M $364.8M
 
Levered Free Cash Flow $272.3M $273.8M $304.7M $352.3M $352.4M

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