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NMI Holdings, Inc.（NMIH）与OCTAVE SPECIALTY GROUP INC（OSG）财务数据对比。点击上方公司名可切换其他公司
NMI Holdings, Inc.的季度营收约是OCTAVE SPECIALTY GROUP INC的4.5倍（$180.7M vs $40.2M）。NMI Holdings, Inc.净利率更高（52.1% vs -73.8%，领先125.9%）。NMI Holdings, Inc.同比增速更快（8.5% vs 5.8%）。过去两年OCTAVE SPECIALTY GROUP INC的营收复合增速更高（50.6% vs 7.5%）
NMI控股是美国头部私人抵押贷款保险服务商，主要为贷款机构提供抵押贷款担保保险产品，降低住房抵押贷款信用风险，服务美国本土住宅市场，助力符合资质的购房者获得购房便利，同时保护放贷机构免受违约损失。
奥克塔夫专业集团是一家专业保险控股企业，主营定制化财产与意外伤害保险产品，核心业务聚焦超额剩余保险领域，为北美地区的商业及个人客户提供定制化风险保障解决方案。
NMIH vs OSG — 直观对比
营收规模更大
NMIH
是对方的4.5倍
$40.2M
营收增速更快
NMIH
高出2.7%
5.8%
净利率更高
NMIH
高出125.9%
-73.8%
两年增速更快
OSG
近两年复合增速
7.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $180.7M | $40.2M |
| 净利润 | $94.2M | $-29.7M |
| 毛利率 | — | — |
| 营业利润率 | 67.0% | -76.7% |
| 净利率 | 52.1% | -73.8% |
| 营收同比 | 8.5% | 5.8% |
| 净利润同比 | 9.3% | -41.7% |
| 每股收益（稀释后） | $1.21 | $-0.82 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收NMIHOSG
| Q4 25 | $180.7M | $40.2M | ||
| Q3 25 | $178.7M | $36.1M | ||
| Q2 25 | $173.8M | $30.3M | ||
| Q1 25 | $173.2M | $36.8M | ||
| Q4 24 | $166.5M | $38.0M | ||
| Q3 24 | $166.1M | $23.1M | ||
| Q2 24 | $162.1M | $13.2M | ||
| Q1 24 | $156.3M | $17.7M |
净利润NMIHOSG
| Q4 25 | $94.2M | $-29.7M | ||
| Q3 25 | $96.0M | $-112.6M | ||
| Q2 25 | $96.2M | $-72.7M | ||
| Q1 25 | $102.6M | $-44.7M | ||
| Q4 24 | $86.2M | $-20.9M | ||
| Q3 24 | $92.8M | $-27.5M | ||
| Q2 24 | $92.1M | $-750.0K | ||
| Q1 24 | $89.0M | $20.8M |
营业利润率NMIHOSG
| Q4 25 | 67.0% | -76.7% | ||
| Q3 25 | 69.2% | -89.0% | ||
| Q2 25 | 71.1% | -75.8% | ||
| Q1 25 | 75.8% | -41.1% | ||
| Q4 24 | 66.6% | -55.5% | ||
| Q3 24 | 71.8% | -90.0% | ||
| Q2 24 | 73.2% | -111.6% | ||
| Q1 24 | 73.3% | -18.3% |
净利率NMIHOSG
| Q4 25 | 52.1% | -73.8% | ||
| Q3 25 | 53.7% | -312.3% | ||
| Q2 25 | 55.3% | -239.8% | ||
| Q1 25 | 59.2% | -121.7% | ||
| Q4 24 | 51.8% | -55.1% | ||
| Q3 24 | 55.9% | -119.2% | ||
| Q2 24 | 56.8% | -5.7% | ||
| Q1 24 | 57.0% | 117.2% |
每股收益（稀释后）NMIHOSG
| Q4 25 | $1.21 | $-0.82 | ||
| Q3 25 | $1.22 | $-2.35 | ||
| Q2 25 | $1.21 | $-1.54 | ||
| Q1 25 | $1.28 | $-1.22 | ||
| Q4 24 | $1.07 | $-11.75 | ||
| Q3 24 | $1.15 | $-0.63 | ||
| Q2 24 | $1.13 | $-0.02 | ||
| Q1 24 | $1.08 | $0.44 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $146.4M |
| 总债务越低越好 | — | $117.6M |
| 股东权益账面价值 | $2.6B | $715.8M |
| 总资产 | $3.8B | $2.2B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资NMIHOSG
| Q4 25 | — | $146.4M | ||
| Q3 25 | — | $27.5M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $34.1M | ||
| Q4 24 | — | $157.2M | ||
| Q3 24 | — | $40.8M | ||
| Q2 24 | — | $14.6M | ||
| Q1 24 | — | $13.8M |
总债务NMIHOSG
| Q4 25 | — | $117.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $518.0M | ||
| Q2 24 | — | $515.0M | ||
| Q1 24 | — | $512.0M |
股东权益NMIHOSG
| Q4 25 | $2.6B | $715.8M | ||
| Q3 25 | $2.5B | $843.4M | ||
| Q2 25 | $2.4B | $859.8M | ||
| Q1 25 | $2.3B | $852.2M | ||
| Q4 24 | $2.2B | $798.4M | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.0B | $1.4B | ||
| Q1 24 | $2.0B | $1.4B |
总资产NMIHOSG
| Q4 25 | $3.8B | $2.2B | ||
| Q3 25 | $3.7B | $2.1B | ||
| Q2 25 | $3.6B | $8.5B | ||
| Q1 25 | $3.5B | $8.3B | ||
| Q4 24 | $3.3B | $8.1B | ||
| Q3 24 | $3.3B | $9.3B | ||
| Q2 24 | $3.1B | $8.2B | ||
| Q1 24 | $3.0B | $8.4B |
负债/权益比NMIHOSG
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.38× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $61.7M | — |
| 自由现金流经营现金流 - 资本支出 | $60.1M | — |
| 自由现金流率自由现金流/营收 | 33.3% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 0.66× | — |
| 过去12个月自由现金流最近4个季度 | $412.5M | — |
8季度趋势，按日历期对齐
经营现金流NMIHOSG
| Q4 25 | $61.7M | — | ||
| Q3 25 | $128.0M | $-41.2M | ||
| Q2 25 | $128.4M | $2.1M | ||
| Q1 25 | $101.2M | $-12.6M | ||
| Q4 24 | $35.8M | — | ||
| Q3 24 | $128.4M | $48.9M | ||
| Q2 24 | $117.8M | $20.4M | ||
| Q1 24 | $111.6M | $7.1M |
自由现金流NMIHOSG
| Q4 25 | $60.1M | — | ||
| Q3 25 | $126.3M | — | ||
| Q2 25 | $126.7M | — | ||
| Q1 25 | $99.4M | — | ||
| Q4 24 | $34.4M | — | ||
| Q3 24 | $126.9M | — | ||
| Q2 24 | $115.9M | — | ||
| Q1 24 | $109.4M | — |
自由现金流率NMIHOSG
| Q4 25 | 33.3% | — | ||
| Q3 25 | 70.7% | — | ||
| Q2 25 | 72.9% | — | ||
| Q1 25 | 57.4% | — | ||
| Q4 24 | 20.7% | — | ||
| Q3 24 | 76.4% | — | ||
| Q2 24 | 71.5% | — | ||
| Q1 24 | 70.0% | — |
资本支出强度NMIHOSG
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 1.4% | — |
现金转化率NMIHOSG
| Q4 25 | 0.66× | — | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.33× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 0.42× | — | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.25× | 0.34× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NMIH
暂无分部数据
OSG
| Specialty Property Casualty Program | $23.1M | 57% |
| Accident Health | $9.6M | 24% |
| Specialty Automobile | $3.1M | 8% |
| Niche Specialty Risks | $2.4M | 6% |
| Other | $2.0M | 5% |
