FCF Margin % is calculated as Free Cash Flow divided by its Revenue. NI Holdings's Free Cash Flow for the
three
months ended in Mar. 2026 was $-1.9 Mil. NI Holdings's Revenue for the
three
months ended in Mar. 2026 was $59.6 Mil. Therefore, NI Holdings's FCF Margin % for the quarter that ended in Mar. 2026 was -3.20%.
The historical rank and industry rank for NI Holdings's FCF Margin % or its related term are showing as below:
NODK'
s FCF Margin % Range Over the Past 10 Years
Min: -9.98 Med: 9.02 Max: 16.57
Current: -9.98
During the past 12 years, the highest FCF Margin % of NI Holdings was 16.57%. The lowest was -9.98%. And the median was 9.02%.
NODK's FCF Margin % is ranked worse than 89.82% of 501
companies
in the Insurance industry
Industry Median: 9.6
vs NODK: -9.98
NI Holdings FCF Margin % Related Terms
NI Holdings FCF Margin % Historical Data
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The historical data trend for NI 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 - Property & Casualty subindustry, NI 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.
NI Holdings FCF Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, NI Holdings's FCF Margin % distribution charts can be found below:
* The bar in red indicates where NI 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.
NI Holdings (NODK) has a FCF Margin % of -3.20% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on NI Holdings and its competitors. According to the industry distribution chart, NI Holdings ranks #450 out of 501 companies in the Insurance industry, placing it in the top 89.8%.
Is NI Holdings' FCF Margin % too high?
NI Holdings' current FCF Margin % is -3.20%. Based on the distribution chart, NI Holdings ranks #450 out of 501 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, NI Holdings has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NI Holdings' FCF Margin % compare to AII and KINS?
According to the Insurance industry distribution chart, NI Holdings ranks #450 out of 501 companies for FCF Margin %. This places NI Holdings in the lower half of its industry. The industry median FCF Margin % is 9.60. 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 9.60, based on 501 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. 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 NI Holdings and its competitors. For the Insurance industry, the median FCF Margin % is 9.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NI Holdings's current FCF Margin % is -3.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NI Holdings stock overvalued right now?
Based on GuruFocus' analysis, NI Holdings (NODK) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.13, compared to a current price of $15.71 — trading 11.1% above its estimated fair value. The current FCF Margin % is -3.20%. NI Holdings' overall GF Score™ is 66/100 with 4 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 NI Holdings (NODK), the current FCF Margin % is -3.20% 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 NI Holdings (NODK) Overvalued in 2026?
Based on GuruFocus' analysis, NI Holdings stock appears to be overvalued.
The current stock price of $15.71 is trading 11.1% above its estimated GF Value™ of $14.13.
GuruFocus considers NI Holdings to be Modestly Overvalued.
Key valuation signals for NODK:
FCF Margin %: -3.20%
GF Value™: $14.13 vs. price of $15.71 (11.1% above fair value)
No single metric tells the full story. See the NODK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NI Holdings Inc is a stockholding company. Through its subsidiaries, the company operates in the insurance industry, offering homeowners and farmowners insurance policies, crop insurance policies, home insurance policies, etc. These insurance products are distributed through a network of exclusive and independent agents across the United States. The group's reportable segments are: Private Passenger Auto, Non-Standard Auto, Home and Farm, Crop, and All Other (which mainly consists of commercial, assumed reinsurance, and its excess liability business). Maximum revenue is generated from the Home and Farm segment.
66GF Score
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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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