NMI Holdings vs TFS Financial
NMI Holdings is the larger business, with $706m of revenue in fiscal 2025 against $321m for TFS Financial (2.2 times as much). NMI Holdings grew faster (8.5% against 6.0%). NMI Holdings kept more of each dollar of sales as profit: a net margin of 55.1% against 28.3%.
| Latest fiscal year | NMI HoldingsNMIH, 2025 | TFS FinancialTFSL, 2025 |
|---|---|---|
| Revenue | $706m | $321m |
| Revenue growth | 8.5% | 6.0% |
| Net income | $389m | $91.0m |
| Operating margin | — | — |
| Net margin | 55.1% | 28.3% |
| Return on equity | 16.2% | 4.8% |
| Free cash flow | $413m | $71.0m |
| Cash | $43.9m | $429m |
| Total debt | $417m | $0 |
| Debt to equity | 16.1% | — |
| Dividend per share | — | — |
| Dividend yield | — | 1.3% |
| Share buybacks | $105m | $4.0m |
| Employees | 225 | 958 |
| Market value | $3.26bn | $4.61bn |
| Price vs our value range | — | — |
| Moat score | 88 (Strong) | 60 (Moderate) |
| Insider trades, 12 months | 0 buys, 13 sales | 5 buys, 25 sales |