Enact vs NMI
Enact reported revenue of $1.2 billion in fiscal 2025, 1.7 times NMI's $706 million in fiscal 2025. Enact's revenue grew 2.8% in its latest year, and NMI's grew 8.5%.
Side by side
| Enact | NMI | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.2B | $706M |
| Revenue growth | 2.8% | 8.5% |
| Revenue growth a year, last 5 years | 2.2% | 10.3% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 54.6% | 55.0% |
| Free cash flow | — | $413M |
| Free cash flow margin | — | 58.4% |
| Return on capital | 13.4% | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $503M | $105M |
| Change in diluted share count | −5.2% | −2.8% |
| Last close | $46.43 | $39.03 |
| P/E at the last close | 9.7× | 7.7× |
| Insider trades, last 12 months | sold $325.5 million | sold $17.0 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
EnactNMI
Operating margin
Percent of revenue
EnactNMI
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
EnactNMI