How does NI Holdings' performance and valuation metrics compare to its primary competitors in the sector?
Answer – What we can and can’t tell you from the provided news
The GlobeNewswire release you shared tells us that NI Holdings, Inc. (NASDAQ: NODK) announced its results for the quarter ended June 30 2025, but it does not include any of the quantitative details that are needed to make a side‑by‑side performance and valuation comparison with its peers (e.g., revenue, earnings‑per‑share, profit margins, cash flow, price‑to‑earnings, EV/EBITDA, etc.).
Because those numbers are missing, we cannot directly answer questions such as:
- How did NI Holdings’ revenue growth or earnings‑per‑share (EPS) stack up against its main competitors?
- What were its profit margins, return on equity, or free‑cash‑flow generation relative to peers?
- How does its market‑price multiple (P/E, P/S, EV/EBITDA, price‑to‑book) compare with companies in the same sector?
What we can do
Even though we lack the concrete figures, we can outline a framework you can use to evaluate NI Holdings against its primary competitors once the full earnings release (or a more detailed earnings summary) is available:
| Metric | Why It Matters | Typical Sources for Competitors |
|---|---|---|
| Revenue (Quarterly & YoY Growth) | Shows top‑line momentum and market demand. | Company 10‑Q filings, earnings press releases, Bloomberg/FactSet. |
| Net Income / EPS | Core profitability and earnings per share for valuation. | Same as above. |
| Operating Margin / Gross Margin | Efficiency of core operations; higher margins often indicate competitive advantage. | Analyst reports, S‑1 filings. |
| Free Cash Flow (FCF) | Cash generated after capex; vital for debt repayment, dividends, buybacks. | Cash‑flow statements, earnings calls. |
| Return on Equity (ROE) / Return on Assets (ROA) | Capital efficiency and overall profitability. | Investor presentations, financial databases. |
| Debt‑to‑Equity or Net‑Debt‑to‑EBITDA | Financial risk profile; higher leverage can be a concern in a cyclical sector. | Balance sheets, credit rating agencies. |
| Valuation Multiples (P/E, P/S, EV/EBITDA, EV/Revenue) | Determines whether the stock is cheap or expensive relative to peers. | Market data (Yahoo Finance, S&P Capital IQ), sector averages. |
| Share‑price performance (YTD, 12‑month) | Market perception and momentum relative to peers. | Stock charting tools, brokerage platforms. |
| Guidance / Forward‑looking metrics | Insight into future growth expectations and whether the company is beating consensus. | Management commentary, analyst consensus estimates. |
How to Conduct the Comparison
- Identify Primary Competitors
In the specialty chemicals / industrial coatings niche (the typical sector for NI Holdings), the most common comparables include:
- PPG Industries, Inc. (PPG)
- Sherwin‑Williams Co. (SHW)
- Axalta Coating Systems Ltd. (AXTA)
- Valspar (now part of Sherwin‑Williams)
- RPM International Inc. (RPM)
- PPG Industries, Inc. (PPG)
(The exact list may vary depending on the specific product lines NI Holdings focuses on.)
Gather the Same‑Period Financials
Pull Q2‑2025 results for each competitor (or the most recent quarter available) from their SEC 10‑Q filings or earnings press releases.Standardize the Data
- Convert all figures to the same currency (USD).
- Use “trailing twelve months” (TTM) for multiples if you’re comparing annualized valuations.
- Convert all figures to the same currency (USD).
Benchmark Performance
- Revenue Growth: Compare NI Holdings’ YoY % growth to each peer.
- Profitability: Look at operating margin and net margin. Higher margins can indicate stronger pricing power or cost control.
- Cash Generation: Compare FCF margin (FCF/Revenue) to assess cash efficiency.
- Revenue Growth: Compare NI Holdings’ YoY % growth to each peer.
Benchmark Valuation
- P/E Ratio: If NI Holdings is trading at a higher P/E than peers, the market may be pricing in higher growth expectations—or it could be overvalued.
- EV/EBITDA: A lower multiple relative to peers may suggest a discount, but also consider growth differentials.
- Price‑to‑Sales (P/S): Useful when earnings are volatile; a lower P/S can indicate a cheaper relative valuation.
- P/E Ratio: If NI Holdings is trading at a higher P/E than peers, the market may be pricing in higher growth expectations—or it could be overvalued.
Interpret the Results
- Better Performance but Higher Valuation: If NI Holdings shows stronger growth or margins but trades at premium multiples, investors may be rewarding its upside.
- Weaker Performance and Discounted Valuation: A lower multiple could reflect market concerns about slower growth, higher risk, or structural issues.
- Better Performance but Higher Valuation: If NI Holdings shows stronger growth or margins but trades at premium multiples, investors may be rewarding its upside.
What to Do Next
- Locate the Full NI Holdings Q2‑2025 Results – Check the company’s investor‑relations website or the SEC EDGAR database for the complete 10‑Q.
- Pull Peer Data – Use Bloomberg, FactSet, S&P Capital IQ, or free sources like Yahoo Finance to gather the same metrics for the competitors listed above.
- Build a Comparison Table – Summarize key numbers side‑by‑side to visualize where NI Holdings stands.
- Consider Qualitative Factors – Product‑mix shifts, geographic exposure, recent acquisitions or divestitures, and macro‑economic tailwinds (e.g., construction activity, automotive demand) can explain differences beyond pure numbers.
Bottom Line
Based solely on the brief GlobeNewswire announcement, we do not have the quantitative performance or valuation metrics required to compare NI Holdings with its sector peers. To perform a meaningful analysis, you’ll need the detailed financial figures from NI Holdings’ Q2‑2025 results and the same data for its primary competitors. Once those numbers are in hand, applying the framework above will let you assess how NI Holdings’ growth, profitability, cash generation, and market valuation stack up against the competition.