Company / Gross Margin
NI Holdings, Inc. Gross Margin History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
34.7%
FY2025
5-year range
11.2% / 37.6%
FY2021-FY2025
Trend
+210.1%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Gross Margin changed +210% YoY in FY2025, a notable deviation from the 8-year average annual change of +19%.
Based on SEC 10-K filings.
34.7% in FY2025 with a 5-year CAGR of -1.4%.
Improved from 25.7% to 34.7% over the past 2 years.
Gross Margin over time
Growth rates
- 3-Year Change
- -2.9pp
- 5-Year Change
- -1.4pp
- 10-Year Change
- -
Key checks
Key Insights
- In FY2025, gross margin increased 210.1% year-over-year.
- Peak gross margin was recorded in FY2017.
- Lowest gross margin in the period was in FY2024.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 34.7% | +210.1% |
| FY2024 | 11.2% | -56.4% |
| FY2023 | 25.7% | -31.7% |
| FY2022 | 37.6% | +32.7% |
| FY2021 | 28.3% | -21.5% |
| FY2020 | 36.1% | +20.2% |
| FY2019 | 30.0% | +43.5% |
| FY2018 | 20.9% | -45.2% |
| FY2017 | 38.1% | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026