NODK Profit Margins - NI Holdings, Inc.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	23.64%	—	0.21%
2026-03-31	53.28%	—	20.99%
2025-12-31	30.81%	—	-5.17%
2025-09-30	20.52%	—	-2.18%
2025-06-30	8.41%	—	-15.84%
2025-03-31	40.56%	—	9.04%
2024-12-31	52.66%	—	13.32%
2024-09-30	20.42%	—	-3.04%
2024-06-30	18.01%	—	-22.35%
2024-03-31	39.92%	—	8.62%
2023-12-31	53.17%	—	8.42%
2023-09-30	29.81%	—	0.30%
2023-06-30	3759.12%	—	-1627.66%
2023-03-31	6862.04%	—	-1536.50%
2022-12-31	10459.70%	—	664.18%
2022-09-30	2230.04%	—	-2097.69%
2022-06-30	-5806.99%	—	-11062.65%
2022-03-31	6882.71%	—	446.03%
2021-12-31	6217.39%	—	1402.29%
2021-09-30	3279.64%	—	-945.51%
2021-06-30	2569.81%	—	-508.46%
2021-03-31	8279.50%	—	3050.16%
2020-12-31	8036.25%	—	4601.07%
2020-09-30	3722.52%	—	699.24%
2020-06-30	6646.19%	—	4200.22%
2020-03-31	7831.49%	—	-990.88%
2019-12-31	6142.83%	—	3510.04%
2019-09-30	1054.65%	—	-1324.29%
2019-06-30	2619.35%	—	383.59%
2019-03-31	5231.03%	—	2968.32%
2018-12-31	6905.70%	—	3141.14%
2018-09-30	322.32%	—	190.22%
2018-06-30	2118.30%	—	48.09%
2018-03-31	4579.05%	—	1623.87%
2017-12-31	12857.89%	—	6099.12%
2017-09-30	389.10%	—	-363.43%
2017-06-30	2935.51%	—	40.19%
2017-03-31	4348.13%	—	1351.30%
2016-12-31	—	—	-0.85%
2016-09-30	—	—	-1.68%
2016-06-30	—	—	-4.52%
2016-03-31	—	—	19.64%

Date	Gross margin	Operating margin	Net margin
2025-12-31	24.51%	—	-3.65%
2024-12-31	31.56%	—	-1.86%
2023-12-31	34.73%	—	-1.80%
2022-12-31	2064.01%	—	-3654.23%
2021-12-31	4687.89%	—	474.14%
2020-12-31	6395.78%	—	2242.59%
2019-12-31	3610.73%	—	1242.40%
2018-12-31	1179.68%	—	478.46%
2017-12-31	3443.75%	—	970.33%
2016-12-31	2055.70%	—	273.17%
2015-12-31	38.15%	—	11.98%
2014-12-31	—	—	10.00%