NMI Cash Flow Statement
NASDAQ: NMIHFinanceProperty-Casualty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
NMI free cash flow
In fiscal 2025, NMI generated $419.3 million of operating cash flow and spent $6.8 million on capital expenditures. That left free cash flow of $412.5 million, a free-cash-flow margin of 58.4% of revenue. Free cash flow was up 6.7% from the prior year's $386.7 million.
NMI returned $105.1 million to shareholders through share repurchases, equal to 25% of free cash flow.
Summary generated from market data by MetaCap's automated system. Methodology
NMI cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 388.93M | 360.11M | 322.11M | 292.90M | 231.13M | 171.57M | 171.96M | 107.93M | 22.05M | 64.00M |
| Net Income growth (YoY) | +8.00% | +11.80% | +9.97% | +26.73% | +34.72% | -0.23% | +59.33% | +389.46% | -65.55% | — |
| Depreciation & Amortization | 11.30M | 11.90M | 11.50M | 11.90M | 11.20M | 9.90M | 9.30M | 7.80M | 6.70M | 4.90M |
| Stock-Based Compensation | 20.19M | 19.81M | 16.91M | 15.43M | 16.68M | 11.12M | 13.03M | 12.56M | 9.48M | 6.85M |
| Change in Working Capital | -3.65M | 14.62M | 10.07M | 1.63M | 16.69M | 18.25M | -4.94M | 7.37M | -4.03M | 3.14M |
| Operating Cash Flow | 419.30M | 393.60M | 342.68M | 313.39M | 325.72M | 252.60M | 208.15M | 145.86M | 67.76M | 71.94M |
| Capital Expenditures | -6.78M | -6.91M | -9.37M | -10.57M | -12.24M | -12.16M | -9.96M | -8.06M | -8.51M | -11.47M |
| Investing Cash Flow | -316.47M | -339.29M | -200.00M | -289.79M | -374.18M | -629.55M | -194.35M | -220.65M | -93.07M | -79.79M |
| Share Repurchases | -105.10M | -97.61M | -91.61M | -56.58M | 0 | 0 | — | — | — | — |
| Debt Issued | 0 | 419.70M | 0 | 0 | 0 | 400.00M | 0 | 149.25M | 0 | 0 |
| Debt Repaid | 0 | -405.08M | 0 | 0 | 0 | -147.75M | -1.50M | -147.38M | -1.50M | -1.50M |
| Financing Cash Flow | -113.20M | -96.70M | -90.42M | -55.83M | -1.83M | 462.80M | 2.00M | 80.89M | -3.24M | -1.72M |
| Net Change in Cash | -10.37M | -42.38M | 52.26M | -32.22M | -50.29M | 85.85M | 15.79M | 6.10M | -28.55M | -9.57M |
| Free Cash Flow | 412.52M | 386.70M | 333.31M | 302.82M | 313.48M | 240.44M | 198.19M | 137.80M | 59.25M | 60.47M |
This table shows 10 annual periods of NMI's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow NMIH's reporting calendar. What is a cash flow statement?