Mbia vs NI Holdings
NI Holdings is the larger business, with $285m of revenue in fiscal 2025 against $80.0m for Mbia (3.6 times as much). Mbia grew faster (90.5% against -12.3%). NI Holdings kept more of each dollar of sales as profit: a net margin of -3.7% against -221.3%.
| Latest fiscal year | MbiaMBI, 2025 | NI HoldingsNODK, 2025 |
|---|---|---|
| Revenue | $80.0m | $285m |
| Revenue growth | 90.5% | -12.3% |
| Net income | −$177m | −$10.4m |
| Operating margin | — | — |
| Net margin | -221.3% | -3.7% |
| Return on equity | — | -4.3% |
| Free cash flow | $38.0m | −$15.5m |
| Cash | $71.0m | $51.7m |
| Total debt | $2.84bn | $2.4m |
| Debt to equity | — | 1.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $7.0m | — |
| Employees | — | 172 |
| Market value | $225m | $312m |
| Price vs our value range | — | — |
| Moat score | 40 (Weak) | 53 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |