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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.
2011
230
LTM Revenue $573M
LTM EBITDA n/a
$3.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
National MI has a last 12-month revenue of $573M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, National MI achieved revenue of $651M and an EBITDA of n/a.
National MI expects next 12-month revenue of XXX and NTM EBITDA of XXX
See National MI valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $579M | $651M | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | $293M | $322M | XXX | XXX | XXX |
| Net Margin | 51% | 49% | XXX | XXX | XXX |
| Net Debt | $354M | $302M | XXX | XXX | XXX |
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As of April 25, 2025, National MI's stock price is $33.
National MI has current market cap of $2.6B, and EV of $3.0B.
See National MI trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.0B | $2.6B | XXX | XXX | XXX | XXX | $4.54 |
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Sign UpAs of April 25, 2025, National MI has market cap of $2.6B and EV of $3.0B.
National MI's trades at 5.2x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate National MI's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for National MI and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $3.0B | XXX | XXX | XXX |
| EV/Revenue | 4.6x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 7.3x | XXX | XXX | XXX |
| P/E/Growth | 2.4x | XXX | XXX | XXX |
| EV/FCF | 7.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpNational MI's NTM/LTM revenue growth is 5%
National MI's revenue per employee for the last fiscal year averaged $2.8M, while opex per employee averaged n/a for the same period.
Over next 12 months, National MI's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate National MI's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for National MI and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $2.8M | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | n/a | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNIC | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegon | XXX | XXX | XXX | XXX | XXX | XXX |
| ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
| NN Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Challenger | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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National MI acquired XXX companies to date.
Last acquisition by National MI was XXXXXXXX, XXXXX XXXXX XXXXXX . National MI acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was National MI founded? | National MI was founded in 2011. |
| Where is National MI headquartered? | National MI is headquartered in United States of America. |
| How many employees does National MI have? | As of today, National MI has 230 employees. |
| Who is the CEO of National MI? | National MI's CEO is Mr. Adam S. Pollitzer. |
| Is National MI publicy listed? | Yes, National MI is a public company listed on NAS. |
| What is the stock symbol of National MI? | National MI trades under NMIH ticker. |
| When did National MI go public? | National MI went public in 2013. |
| Who are competitors of National MI? | Similar companies to National MI include e.g. ADNIC, Aegon, ASR Nederland, NN Group. |
| What is the current market cap of National MI? | National MI's current market cap is $2.6B |
| What is the current revenue of National MI? | National MI's last 12-month revenue is $573M. |
| What is the current EV/Revenue multiple of National MI? | Current revenue multiple of National MI is 5.2x. |
| What is the current revenue growth of National MI? | National MI revenue growth between 2023 and 2024 was 12%. |
| Is National MI profitable? | Yes, National MI is EBITDA-positive (as of the last 12 months). |
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