NMI Holdings, Inc. (NMIH) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
NMIH Revenue Growth
NMIH Revenue Analysis (2014–2025)
As of May 6, 2026, NMI Holdings, Inc. (NMIH) generated trailing twelve-month (TTM) revenue of $706.2 million, reflecting solid growth of +8.4% year-over-year. The most recent quarter (Q4 2025) recorded $180.5 million in revenue, up 1.0% sequentially.
Looking at the longer-term picture, NMIH's 5-year compound annual growth rate (CAGR) stands at +10.1%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $705.6 million in 2025, representing a new all-time high.
When compared to Financial Services sector peers including MTG (-1.2% YoY), RDN (-1.8% YoY), and ESNT (+5.8% YoY), NMIH has outperformed the peer group in terms of revenue growth. Compare NMIH vs MTG →
NMIH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NMIHCurrent | $706M | +8.4% | +10.1% | 70.8% | |
 MTG | $1.2B | -1.2% | +0.2% | 76.5% | |
 RDN | $1.3B | -1.8% | -3.3% | 59.8% | |
 ESNT | $1.3B | +5.8% | +7.9% | 67.5% | |
 PFSI | $4.4B | - | - | 34.6% | |
 ACT | $1.2B | +2.7% | +2.1% | 69.8% |
NMIH Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $705.6M | +8.4% | $647.9M | 91.8% | $499.8M | 70.8% |
| 2024 | $651.0M | +12.4% | $618.7M | 95.0% | $463.4M | 71.2% |
| 2023 | $579.0M | +10.4% | $555.6M | 96.0% | $412.7M | 71.3% |
| 2022 | $524.5M | +8.0% | $527.0M | 100.5% | $377.3M | 71.9% |
| 2021 | $485.6M | +11.3% | $470.8M | 96.9% | $296.7M | 61.1% |
| 2020 | $436.2M | +17.9% | $374.1M | 85.8% | $218.1M | 50.0% |
| 2019 | $370.1M | +35.3% | $355.4M | 96.0% | $216.7M | 58.5% |
| 2018 | $273.6M | +53.2% | $267.9M | 97.9% | $136.0M | 49.7% |
| 2017 | $178.6M | +46.5% | $172.7M | 96.7% | $52.8M | 29.6% |
| 2016 | $121.9M | +119.6% | $119.5M | 98.0% | $11.5M | 9.4% |
See NMIH's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs NMIH Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare NMIH vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonNMIH — Frequently Asked Questions
Quick answers to the most common questions about buying NMIH stock.
Is NMIH's revenue growth accelerating or slowing?
NMIH maintains +8.4% revenue growth, in line with its 5-year CAGR of +10.1%. TTM revenue stands at $706M. Growth rate remains consistent with historical average.
What is NMIH's long-term revenue growth rate?
NMI Holdings, Inc.'s 5-year revenue CAGR of +10.1% reflects the sustained expansion pattern. Current YoY growth of +8.4% is near this long-term average.
How is NMIH's revenue distributed by segment?
NMIH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.