Kingstone Companies vs NI Holdings
NI Holdings is the larger business, with $285m of revenue in fiscal 2025 against $215m for Kingstone Companies (1.3 times as much). Kingstone Companies grew faster (38.5% against -12.3%). Kingstone Companies kept more of each dollar of sales as profit: a net margin of 19.0% against -3.7%. NI Holdings carries less debt relative to equity (1.0% against 6.2%).
| Latest fiscal year | Kingstone CompaniesKINS, 2025 | NI HoldingsNODK, 2025 |
|---|---|---|
| Revenue | $215m | $285m |
| Revenue growth | 38.5% | -12.3% |
| Net income | $40.8m | −$10.4m |
| Operating margin | — | — |
| Net margin | 19.0% | -3.7% |
| Return on equity | 43.0% | -4.3% |
| Free cash flow | $73.1m | −$15.5m |
| Cash | $12.2m | $51.7m |
| Total debt | $7.6m | $2.4m |
| Debt to equity | 6.2% | 1.0% |
| Dividend per share | $0.10 | — |
| Dividend yield | 1.0% | — |
| Share buybacks | — | — |
| Employees | 113 | 172 |
| Market value | $289m | $312m |
| Price vs our value range | — | — |
| Moat score | 39 (Weak) | 53 (Moderate) |
| Insider trades, 12 months | 4 buys, 1 sales | 0 buys, 0 sales |