NMI HoldingsNMIH +2.76%82 FCF Margin % is 62.67% as of Mar. 2026, which is 11% above its 10-year median of 56.35. GuruFocus rates NMIH with a GF Score™ of 82/100 and a GF Value™ of $39.81 (Fairly Valued). The stock has 2 warning signs investors should review. Among 502 Insurance companies, NMI Holdings ranks better than 95.82% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. NMI Holdings's Free Cash Flow for the
three
months ended in Mar. 2026 was $115.0 Mil. NMI Holdings's Revenue for the
three
months ended in Mar. 2026 was $183.5 Mil. Therefore, NMI Holdings's FCF Margin % for the quarter that ended in Mar. 2026 was 62.67%.
The historical rank and industry rank for NMI Holdings's FCF Margin % or its related term are showing as below:
NMIH'
s FCF Margin % Range Over the Past 10 Years
Min: 33.17 Med: 56.35 Max: 64.55
Current: 59.73
During the past 13 years, the highest FCF Margin % of NMI Holdings was 64.55%. The lowest was 33.17%. And the median was 56.35%.
NMIH's FCF Margin % is ranked better than 95.82% of 502
companies
in the Insurance industry
Industry Median: 9.63
vs NMIH: 59.73
NMI Holdings FCF Margin % Related Terms
NMI Holdings FCF Margin % Historical Data
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The historical data trend for NMI Holdings's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Insurance - Specialty subindustry, NMI Holdings's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NMI Holdings FCF Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, NMI Holdings's FCF Margin % distribution charts can be found below:
* The bar in red indicates where NMI Holdings's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NMI Holdings (NMIH) has a FCF Margin % of 62.67% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on NMI Holdings and its competitors. This is 11% above median its historical median of 56.35. Over the past decade, NMI Holdings' FCF Margin % has ranged from 33.17 to 64.55. According to the industry distribution chart, NMI Holdings ranks #21 out of 502 companies in the Insurance industry, placing it in the top 4.2%.
Is NMI Holdings' FCF Margin % too high?
NMI Holdings' current FCF Margin % of 62.67% is 11% above median its 10-year median of 56.35. Over the past 10 years, this metric has ranged from a low of 33.17 to a high of 64.55. The Insurance industry median FCF Margin % is 9.63. NMI Holdings' value of 62.67% is 550.8% above this industry median. Based on the distribution chart, NMI Holdings ranks #21 out of 502 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, NMI Holdings has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NMI Holdings' FCF Margin % compare to AGO and RYAN?
According to the Insurance industry distribution chart, NMI Holdings ranks #21 out of 502 companies for FCF Margin %. This places NMI Holdings in the top 4% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 9.63. NMI Holdings' value of 62.67% is 550.8% above this benchmark. Historically, NMI Holdings' own FCF Margin % has ranged from 33.17 to 64.55 over the past decade. While the company's 10-year median is 56.35 vs. the industry median of 9.63, NMI Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Insurance company?
The median FCF Margin % among Insurance companies is 9.63, based on 502 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NMI Holdings's current FCF Margin % of 62.67% is 550.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on NMI Holdings and its competitors. For the Insurance industry, the median FCF Margin % is 9.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NMI Holdings's current FCF Margin % is 62.67%, which is 11% above median its own 10-year median of 56.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMI Holdings stock overvalued right now?
Based on GuruFocus' analysis, NMI Holdings (NMIH) is currently considered Fairly Valued. The stock's GF Value™ is $39.81, compared to a current price of $39.43 — trading 1% below its estimated fair value. The current FCF Margin % is 62.67%, which is 11% above median its 10-year median of 56.35 and 550.8% above the Insurance industry median of 9.63. NMI Holdings' overall GF Score™ is 82/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For NMI Holdings (NMIH), the current FCF Margin % is 62.67% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NMI Holdings (NMIH) Overvalued in 2026?
Based on GuruFocus' analysis, NMI Holdings stock appears to be undervalued.
The current stock price of $39.43 is trading 1% below its estimated GF Value™ of $39.81.
GuruFocus considers NMI Holdings to be Fairly Valued.
Key valuation signals for NMIH:
FCF Margin %: 62.67% (11% above median its 10-year median of 56.35)
GF Value™: $39.81 vs. price of $39.43 (1% below fair value)
Industry Position: 550.8% above the Insurance median (#21 of 502)
No single metric tells the full story. See the NMIH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers mortgage insurance, reinsurance on loans, and outsourced loan review services to mortgage loan originators. It 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. It protects lenders and investors from default-related losses on a portion of the unpaid principal balance of a covered mortgage.
82GF Score
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