NMI Holdings vs Onity Group
Onity Group is the larger business, with $1.07bn of revenue in fiscal 2025 against $706m for NMI Holdings (1.5 times as much). Onity Group grew faster (9.3% against 8.5%). NMI Holdings kept more of each dollar of sales as profit: a net margin of 55.1% against 17.8%. NMI Holdings carries less debt relative to equity (16.1% against 195.0%).
| Latest fiscal year | NMI HoldingsNMIH, 2025 | Onity GroupONIT, 2025 |
|---|---|---|
| Revenue | $706m | $1.07bn |
| Revenue growth | 8.5% | 9.3% |
| Net income | $389m | $190m |
| Operating margin | — | — |
| Net margin | 55.1% | 17.8% |
| Return on equity | 16.2% | 35.4% |
| Free cash flow | $413m | −$751m |
| Cash | $43.9m | $181m |
| Total debt | $417m | $1.22bn |
| Debt to equity | 16.1% | 195.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $105m | — |
| Employees | 225 | 4,300 |
| Market value | $3.27bn | $244m |
| Price vs our value range | — | — |
| Moat score | 88 (Strong) | 42 (Weak) |
| Insider trades, 12 months | 0 buys, 13 sales | 0 buys, 0 sales |