Financhill
Buy
58

NMIH Quote, Financials, Valuation and Earnings

Last price:
$38.01
Seasonality move :
12.1%
Day range:
$37.82 - $38.69
52-week range:
$31.90 - $43.20
Dividend yield:
0%
P/E ratio:
8.21x
P/S ratio:
4.59x
P/B ratio:
1.28x
Volume:
590.5K
Avg. volume:
539.2K
1-year change:
1.28%
Market cap:
$3B
Revenue:
$651M
EPS (TTM):
$4.63
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $436.2M $485.6M $524.5M $579M $651M
Revenue Growth (YoY) 17.85% 11.34% 7.99% 10.4% 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 -- -- -- -- --
Operating Income -- -- -- -- --
 
Net Interest Expenses $24.4M $31.8M $32.2M $32.2M $36.9M
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 $242.5M $328.5M $409.5M $444.9M $500.3M
 
Revenue (Reported) $436.2M $485.6M $524.5M $579M $651M
Operating Income (Reported) -- -- -- -- --
Operating Income (Adjusted) $242.5M $328.5M $409.5M $444.9M $500.3M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Revenue $115M $127.5M $136.8M $156.3M $173.2M
Revenue Growth (YoY) 1.22% 10.91% 7.25% 14.24% 10.88%
 
Cost of Revenues -- -- -- -- --
Gross Profit -- -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $501K $339K $164K $160K $170K
Operating Expenses -- -- -- -- --
Operating Income -- -- -- -- --
 
Net Interest Expenses $7.9M $8M $8M $8M $7.1M
EBT. Incl. Unusual Items $67.5M $86.7M $96.2M $114.6M $131.4M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $14.6M $19.1M $21.7M $25.5M $28.8M
Net Income to Company $52.9M $67.7M $74.5M $89.1M $102.6M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $52.9M $67.7M $74.5M $89.1M $102.6M
 
Basic EPS (Cont. Ops) $0.62 $0.79 $0.89 $1.10 $1.31
Diluted EPS (Cont. Ops) $0.61 $0.77 $0.88 $1.08 $1.28
Weighted Average Basic Share $85.3M $86M $83.6M $80.7M $78.4M
Weighted Average Diluted Share $86.5M $87.3M $84.8M $82.1M $79.9M
 
EBITDA -- -- -- -- --
EBIT $75.4M $94.8M $104.2M $122.6M $138.5M
 
Revenue (Reported) $115M $127.5M $136.8M $156.3M $173.2M
Operating Income (Reported) -- -- -- -- --
Operating Income (Adjusted) $75.4M $94.8M $104.2M $122.6M $138.5M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Revenue $437.6M $498.2M $533.7M $598.5M $668M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -- --
Gross Profit -- -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $2.9M $1.8M $1M $752K $954K
Operating Expenses -- -- -- -- --
Operating Income -- -- -- -- --
 
Net Interest Expenses $29.6M $31.9M $32.2M $32.2M $36M
EBT. Incl. Unusual Items $213.4M $316M $386.7M $431.1M $480.2M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $47.2M $70.1M $87.1M $94.4M $106.6M
Net Income to Company $166.2M $245.9M $299.7M $336.7M $373.6M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $166.2M $245.9M $299.7M $336.7M $373.6M
 
Basic EPS (Cont. Ops) $2.00 $2.87 $3.55 $4.12 $4.72
Diluted EPS (Cont. Ops) $1.98 $2.80 $3.50 $4.04 $4.63
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA -- -- -- -- --
EBIT $243M $347.9M $418.9M $463.3M $516.2M
 
Revenue (Reported) $437.6M $498.2M $533.7M $598.5M $668M
Operating Income (Reported) -- -- -- -- --
Operating Income (Adjusted) $243M $347.9M $418.9M $463.3M $516.2M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Revenue $115M $127.5M $136.8M $156.3M $173.2M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -- --
Gross Profit -- -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $501K $339K $164K $160K $170K
Operating Expenses -- -- -- -- --
Operating Income -- -- -- -- --
 
Net Interest Expenses $7.9M $8M $8M $8M $7.1M
EBT. Incl. Unusual Items $67.5M $86.7M $96.2M $114.6M $131.4M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $14.6M $19.1M $21.7M $25.5M $28.8M
Net Income to Company $52.9M $67.7M $74.5M $89.1M $102.6M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $52.9M $67.7M $74.5M $89.1M $102.6M
 
Basic EPS (Cont. Ops) $0.62 $0.79 $0.89 $1.10 $1.31
Diluted EPS (Cont. Ops) $0.61 $0.77 $0.88 $1.08 $1.28
Weighted Average Basic Share $85.3M $86M $83.6M $80.7M $78.4M
Weighted Average Diluted Share $86.5M $87.3M $84.8M $82.1M $79.9M
 
EBITDA -- -- -- -- --
EBIT $75.4M $94.8M $104.2M $122.6M $138.5M
 
Revenue (Reported) $115M $127.5M $136.8M $156.3M $173.2M
Operating Income (Reported) -- -- -- -- --
Operating Income (Adjusted) $75.4M $94.8M $104.2M $122.6M $138.5M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $121.4M $73.5M $42.3M $95.4M $54.2M
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 $9.5M $89.2M $154.4M $235.3M $322.2M
Other Current Assets -- -- -- -- --
Total Current Assets $2B $2.3B $626.9M $672.5M $793.6M
 
Property Plant And Equipment $29.7M $32M $31.9M $30.3M $25.7M
Long-Term Investments $1.8B $2.1B $2.1B $2.4B $2.7B
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 $2.5B $2.5B $2.9B $3.3B
 
Accounts Payable -- -- -- -- --
Accrued Expenses -- -- -- -- --
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $61.7M $72M $74.6M $86.2M $103.2M
 
Long-Term Debt $393.3M $394.6M $396.1M $397.6M $415.1M
Capital Leases -- -- -- -- --
Total Liabilities $797.1M $884.8M $902.3M $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 $2.5B $2.5B $2.9B $3.3B
Cash and Short Terms $1.9B $2.2B $381.2M $333.3M $356.3M
Total Debt $393.3M $394.6M $396.1M $397.6M $415.1M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Cash and Equivalents $110.6M $127.8M $80.9M $138.6M $74.1M
Short Term Investments $1.8B $2B $2.2B $228.7M $278.7M
Accounts Receivable, Net $70.9M $80.6M $93.7M $103.2M $115.5M
Inventory -- -- -- -- --
Prepaid Expenses $9.8M $7.5M $154.4M $235.3M $322.2M
Other Current Assets -- -- -- -- --
Total Current Assets $2B $2.2B $2.5B $705.8M $790.5M
 
Property Plant And Equipment $31.3M $32.4M $31.8M $30.3M $25M
Long-Term Investments $1.8B $2B $2.2B $2.4B $2.8B
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets -- -- -- -- --
Total Assets $2.2B $2.4B $2.6B $3B $3.5B
 
Accounts Payable -- -- -- -- --
Accrued Expenses -- -- -- -- --
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $57.1M $76.9M $70.3M $81.8M $78.9M
 
Long-Term Debt $393.6M $395M $396.4M $398M $415.6M
Capital Leases -- -- -- -- --
Total Liabilities $807.5M $888.9M $927.1M $1B $1.1B
 
Common Stock $856K $863K $869K $878K $883K
Other Common Equity Adj $8.7M -$97.3M -$171.8M -$149.8M -$94M
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $1.4B $1.5B $1.7B $2B $2.3B
 
Total Liabilities and Equity $2.2B $2.4B $2.6B $3B $3.5B
Cash and Short Terms $1.9B $2.1B $2.3B $367.2M $352.8M
Total Debt $393.6M $395M $396.4M $398M $415.6M
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) $41.1M $126.9M $76.6M $44.4M $96.7M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $85.8M -$50.3M -$32.2M $52.3M -$42.4M
Ending Cash (CF) $126.9M $76.6M $44.4M $96.7M $54.3M
 
Levered Free Cash Flow $240.4M $313.5M $302.8M $333.3M $386.7M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Net Income to Stockholders $52.9M $67.7M $74.5M $89.1M $102.6M
Depreciation & Amoritzation $2.7M $3.1M $2.8M $3M $2.9M
Stock-Based Compensation $3M $4.2M $3.5M $4.1M $4.5M
Change in Accounts Receivable -$3.5M $72K -$2.4M $728K -$468K
Change in Inventories -- -- -- -- --
Cash From Operations $85.5M $80.3M $89.8M $111.6M $101.2M
 
Capital Expenditures $2.5M $2M $1.5M $2.2M $1.7M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$96.4M -$21.4M -$33.8M -$37.8M -$47.7M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -$5M -$14.8M -$25.2M -$25.9M
Other Financing Activities -$4.5M -$4.5M -$5.3M -$9.8M -$10.4M
Cash From Financing -$437K -$4.7M -$17.4M -$30.8M -$33.6M
 
Beginning Cash (CF) $126.9M $76.6M $44.4M $96.7M $54.3M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$11.4M $54.3M $38.7M $43M $19.9M
Ending Cash (CF) $115.5M $130.9M $83.1M $139.7M $74.2M
 
Levered Free Cash Flow $83M $78.3M $88.3M $109.4M $99.4M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Net Income to Stockholders $166.2M $245.9M $299.7M $336.7M $373.6M
Depreciation & Amoritzation $10.2M $11.7M $11.6M $11.7M $11.8M
Stock-Based Compensation $11.6M $17.9M $14.7M $17.5M $20.2M
Change in Accounts Receivable -$17.8M -$9.7M -$13.1M -$9.6M -$12.3M
Change in Inventories -- -- -- -- --
Cash From Operations $290.2M $320.6M $322.9M $364.4M $383.2M
 
Capital Expenditures $13.1M $11.8M $10.1M $10M $6.4M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$751.8M -$299.1M -$302.2M -$204M -$349.2M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -$5M -$66.4M -$102M -$98.3M
Other Financing Activities -$14.6M -$6.5M -$6M -$13.9M -$18.6M
Cash From Financing $467.3M -$6.1M -$68.6M -$103.8M -$99.5M
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $5.7M $15.4M -$47.8M $56.6M -$65.5M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow $277.1M $308.8M $312.8M $354.4M $376.8M
Period Ending 2021-03-31 2022-03-31 2023-03-31 2024-03-31 2025-03-31
Net Income to Stockholders $52.9M $67.7M $74.5M $89.1M $102.6M
Depreciation & Amoritzation $2.7M $3.1M $2.8M $3M $2.9M
Stock-Based Compensation $3M $4.2M $3.5M $4.1M $4.5M
Change in Accounts Receivable -$3.5M $72K -$2.4M $728K -$468K
Change in Inventories -- -- -- -- --
Cash From Operations $85.5M $80.3M $89.8M $111.6M $101.2M
 
Capital Expenditures $2.5M $2M $1.5M $2.2M $1.7M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$96.4M -$21.4M -$33.8M -$37.8M -$47.7M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -$5M -$14.8M -$25.2M -$25.9M
Other Financing Activities -$4.5M -$4.5M -$5.3M -$9.8M -$10.4M
Cash From Financing -$437K -$4.7M -$17.4M -$30.8M -$33.6M
 
Beginning Cash (CF) $126.9M $76.6M $44.4M $96.7M $54.3M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$11.4M $54.3M $38.7M $43M $19.9M
Ending Cash (CF) $115.5M $130.9M $83.1M $139.7M $74.2M
 
Levered Free Cash Flow $83M $78.3M $88.3M $109.4M $99.4M

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