Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 69.36% is in line with its 5-year average of 70.35%, around the middle of its 5-year range (60.66%–75.83%).
0.48% below its 12-month average of 69.69%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 72.89%.
OPERATING MARGIN
69.36%
OPERATING MARGIN AVG TTM
69.69%
OPERATING MARGIN AVG 3Y
71.08%
OPERATING MARGIN AVG 5Y
70.35%
OPERATING MARGIN AVG 10Y
57.67%
OPERATING MARGIN AVG 15Y
43.09%
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-0.48%
CURRENT VS 3Y AVG
-2.42%
CURRENT VS 5Y AVG
-1.40%
CURRENT VS 10Y AVG
+20.26%
CURRENT VS 15Y AVG
+60.95%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
16.09%
median of 716 covered companies
CURRENT VS SECTOR MEDIAN
+331.08%
vs the sector median at left
NMI Holdings, Inc.
Market Cap
$3.03B
Operating Margin
69.36%
TTM Avg
69.69%
3Y Avg
71.08%
5Y Avg
70.35%
Market Cap
$3.04B
Operating Margin
30.32%
TTM Avg
28.09%
3Y Avg
31.93%
5Y Avg
34.85%
Market Cap
$2.97B
Operating Margin
-763.10%
TTM Avg
-887.00%
3Y Avg
-935.51%
5Y Avg
-622.75%
Market Cap
$3.10B
Operating Margin
11.27%
TTM Avg
11.86%
3Y Avg
6.56%
5Y Avg
4.15%
Market Cap
$3.14B
Operating Margin
39.23%
TTM Avg
42.48%
3Y Avg
47.70%
5Y Avg
51.09%
Market Cap
$3.15B
Operating Margin
18.89%
TTM Avg
20.36%
3Y Avg
22.28%
5Y Avg
27.11%
Market Cap
$3.15B
Operating Margin
41.62%
TTM Avg
1.14%
3Y Avg
-26.08%
5Y Avg
-47.60%
Market Cap
$3.18B
Operating Margin
78.94%
TTM Avg
78.94%
3Y Avg
75.70%
5Y Avg
70.61%
Market Cap
$2.87B
Operating Margin
15.52%
TTM Avg
8.64%
3Y Avg
12.84%
5Y Avg
15.04%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NMI Holdings, Inc. (NMIH) | $3.03B | 69.36% | 69.69% | 71.08% | 70.35% |
| First Hawaiian, Inc. (FHB)vs › | $3.04B | 30.32% | 28.09% | 31.93% | 34.85% |
| Strive, Inc. (ASST)vs › | $2.97B | -763.10% | -887.00% | -935.51% | -622.75% |
| Inter & Co, Inc. (INTR)vs › | $3.10B | 11.27% | 11.86% | 6.56% | 4.15% |
| CVB Financial Corp. (CVBF)vs › | $3.14B | 39.23% | 42.48% | 47.70% | 51.09% |
| Seacoast Banking Corporation of Florida (SBCF)vs › | $3.15B | 18.89% | 20.36% | 22.28% | 27.11% |
| CleanSpark, Inc. (CLSK)vs › | $3.15B | 41.62% | 1.14% | -26.08% | -47.60% |
| Golub Capital BDC, Inc. (GBDC)vs › | $3.18B | 78.94% | 78.94% | 75.70% | 70.61% |
| Brighthouse Financial, Inc. (BHF)vs › | $2.87B | 15.52% | 8.64% | 12.84% | 15.04% |
| iShares Core 80/20 Aggressive Allocation ETF (AOA)vs › | $3.23B | N/A | N/A | N/A | N/A |
Operating Margin
69.4%
Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 72.89% |
| 2026-03-31 | 68.10% |
| 2025-12-31 | 67.13% |
| 2025-09-30 | 69.22% |
| 2025-06-30 | 71.13% |
| 2025-03-31 | 75.83% |
| 2024-12-31 | 66.59% |
| 2024-09-30 | 71.84% |
| 2024-06-30 | 73.18% |
| 2024-03-31 | 73.32% |
| 2023-12-31 | 69.48% |
| 2023-09-30 | 72.42% |
| 2023-06-30 | 72.92% |
| 2023-03-31 | 70.31% |
| 2022-12-31 | 71.21% |
| 2022-09-30 | 75.50% |
| 2022-06-30 | 72.94% |
| 2022-03-31 | 68.02% |
| 2021-12-31 | 62.44% |
| 2021-09-30 | 62.44% |
| 2021-06-30 | 60.66% |
| 2021-03-31 | 58.66% |
| 2020-12-31 | 56.78% |
| 2020-09-30 | 45.98% |
| 2020-06-30 | 32.78% |
| 2020-03-31 | 63.51% |
| 2019-12-31 | 61.40% |
| 2019-09-30 | 62.23% |
| 2019-06-30 | 56.94% |
| 2019-03-31 | 51.53% |
| 2018-12-31 | 56.70% |
| 2018-09-30 | 48.04% |
| 2018-06-30 | 47.87% |
| 2018-03-31 | 44.24% |
| 2017-12-31 | 33.38% |
| 2017-09-30 | 40.24% |
| 2017-06-30 | 22.49% |
| 2017-03-31 | 18.29% |
| 2016-12-31 | 20.22% |
| 2016-09-30 | 18.11% |
| 2016-06-30 | 6.84% |
| 2016-03-31 | -17.09% |
| 2015-12-31 | -24.99% |
| 2015-09-30 | -31.92% |
| 2015-06-30 | -93.70% |
| 2015-03-31 | -77.56% |
| 2014-12-31 | -158.56% |
| 2014-09-30 | -170.09% |
| 2014-06-30 | -313.58% |
| 2014-03-31 | -354.49% |
| 2013-12-31 | -600.30% |
| 2013-09-30 | -641.97% |
| 2013-06-30 | -2181.50% |
| 2013-03-31 | -2527.06% |
| 2012-12-31 | -4525.79% |
| 2012-09-30 | -928223.46% |
| 2012-06-30 | 0.00% |
| 2012-03-31 | 0.00% |
