NMI Holdings, Inc.
—- Market cap
- $3.37B
- Debt
- +-$214.35M
- Cash
- —
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 107% equity / -7% debt
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: NMIH stock price vs PWR: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at PWR's multiple
Needs PWR P/E.
Implied fair value · at NMIH's multiple
Needs NMIH P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: NMIH FY 2025 (ended Dec 31, 2025) · PWR FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 107% equity / -7% debt
Capital structure 94% equity / 6% debt · EV / Revenue 3.49x · EV / EBITDA 39.71x
PWR carries the larger enterprise value at $99.43B against $3.16B; PWR trades on the lower EV / Revenue multiple (3.49x vs 4.47x); NMIH on the lower EV / EBITDA (5.94x vs 39.71x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
NMI Holdings, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
QUANTA SERVICES, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
-0.08x
0.67x
Net debt / EBITDA
Leverage against operating earnings
—
2.22x
Cash and equivalents
Liquid reserves on the balance sheet
—
$439.51M
Total debt
Interest-bearing obligations outstanding
-$214.35M
$5.99B
Comparable set
Where the pair sits against the wider comparable set.
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