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Side-by-side financial comparison of NMI Holdings, Inc. (NMIH) and Bio-Techne (TECH). Click either name above to swap in a different company.

Bio-Techne is the larger business by last-quarter revenue ($311.4M vs $183.5M, roughly 1.7× NMI Holdings, Inc.). NMI Holdings, Inc. runs the higher net margin — 54.1% vs 16.4%, a 37.7% gap on every dollar of revenue. On growth, NMI Holdings, Inc. posted the faster year-over-year revenue change (5.9% vs -1.5%). Over the past eight quarters, NMI Holdings, Inc.'s revenue compounded faster (6.4% CAGR vs 1.3%).

NMI Holdings, Inc. is a leading U.S.-headquartered private mortgage insurance provider. It offers mortgage guarantee insurance solutions to lending institutions to mitigate credit risks associated with residential home loans, primarily serving the U.S. domestic housing market, supporting accessible homeownership for qualified borrowers while shielding lenders from default-related losses.

Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets.

NMIH vs TECH — Head-to-Head

Bigger by revenue
TECH
TECH
1.7× larger
TECH
$311.4M
$183.5M
NMIH
Growing faster (revenue YoY)
NMIH
NMIH
+7.4% gap
NMIH
5.9%
-1.5%
TECH
Higher net margin
NMIH
NMIH
37.7% more per $
NMIH
54.1%
16.4%
TECH
Faster 2-yr revenue CAGR
NMIH
NMIH
Annualised
NMIH
6.4%
1.3%
TECH

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
NMIH
NMIH
TECH
TECH
Revenue
$183.5M
$311.4M
Net Profit
$99.3M
$51.0M
Gross Margin
66.9%
Operating Margin
24.2%
Net Margin
54.1%
16.4%
Revenue YoY
5.9%
-1.5%
Net Profit YoY
126.0%
EPS (diluted)
$1.28
$0.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NMIH
NMIH
TECH
TECH
Q1 26
$183.5M
$311.4M
Q4 25
$180.7M
$295.9M
Q3 25
$178.7M
Q2 25
$173.8M
$317.0M
Q1 25
$173.2M
$316.2M
Q4 24
$166.5M
$297.0M
Q3 24
$166.1M
$289.5M
Q2 24
$162.1M
$306.1M
Net Profit
NMIH
NMIH
TECH
TECH
Q1 26
$99.3M
$51.0M
Q4 25
$94.2M
$38.0M
Q3 25
$96.0M
Q2 25
$96.2M
$-17.7M
Q1 25
$102.6M
$22.6M
Q4 24
$86.2M
$34.9M
Q3 24
$92.8M
$33.6M
Q2 24
$92.1M
$40.6M
Gross Margin
NMIH
NMIH
TECH
TECH
Q1 26
66.9%
Q4 25
64.6%
Q3 25
Q2 25
62.7%
Q1 25
67.9%
Q4 24
65.3%
Q3 24
63.2%
Q2 24
66.4%
Operating Margin
NMIH
NMIH
TECH
TECH
Q1 26
24.2%
Q4 25
67.0%
18.4%
Q3 25
69.2%
Q2 25
71.1%
-7.5%
Q1 25
75.8%
12.2%
Q4 24
66.6%
16.0%
Q3 24
71.8%
13.8%
Q2 24
73.2%
15.0%
Net Margin
NMIH
NMIH
TECH
TECH
Q1 26
54.1%
16.4%
Q4 25
52.1%
12.8%
Q3 25
53.7%
Q2 25
55.3%
-5.6%
Q1 25
59.2%
7.1%
Q4 24
51.8%
11.7%
Q3 24
55.9%
11.6%
Q2 24
56.8%
13.3%
EPS (diluted)
NMIH
NMIH
TECH
TECH
Q1 26
$1.28
$0.32
Q4 25
$1.21
$0.24
Q3 25
$1.22
Q2 25
$1.21
$-0.11
Q1 25
$1.28
$0.14
Q4 24
$1.07
$0.22
Q3 24
$1.15
$0.21
Q2 24
$1.13
$0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NMIH
NMIH
TECH
TECH
Cash + ST InvestmentsLiquidity on hand
$70.7M
$209.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.6B
$2.1B
Total Assets
$3.9B
$2.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMIH
NMIH
TECH
TECH
Q1 26
$70.7M
$209.8M
Q4 25
$172.9M
Q3 25
Q2 25
$162.2M
Q1 25
$140.7M
Q4 24
$177.5M
Q3 24
$187.5M
Q2 24
$152.9M
Total Debt
NMIH
NMIH
TECH
TECH
Q1 26
Q4 25
$260.0M
Q3 25
Q2 25
$346.0M
Q1 25
$330.0M
Q4 24
$300.0M
Q3 24
$300.0M
Q2 24
$319.0M
Stockholders' Equity
NMIH
NMIH
TECH
TECH
Q1 26
$2.6B
$2.1B
Q4 25
$2.6B
$2.0B
Q3 25
$2.5B
Q2 25
$2.4B
$1.9B
Q1 25
$2.3B
$2.0B
Q4 24
$2.2B
$2.1B
Q3 24
$2.2B
$2.1B
Q2 24
$2.0B
$2.1B
Total Assets
NMIH
NMIH
TECH
TECH
Q1 26
$3.9B
$2.6B
Q4 25
$3.8B
$2.5B
Q3 25
$3.7B
Q2 25
$3.6B
$2.6B
Q1 25
$3.5B
$2.6B
Q4 24
$3.3B
$2.7B
Q3 24
$3.3B
$2.7B
Q2 24
$3.1B
$2.7B
Debt / Equity
NMIH
NMIH
TECH
TECH
Q1 26
Q4 25
0.13×
Q3 25
Q2 25
0.18×
Q1 25
0.16×
Q4 24
0.14×
Q3 24
0.14×
Q2 24
0.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NMIH
NMIH

Segment breakdown not available.

TECH
TECH

Protein Sciences segment revenue$226.2M73%
Diagnostics and Spatial Biology segment revenue$85.6M27%
Other revenue (1)$5.4M2%

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