MGIC Investment Corp. (MTG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MTG SEC filings page.
MGIC Investment Corp. (MTG) reported $1.2B in revenue over the twelve months to Jun 30, 2026, down 1.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
MGIC converts reported earnings into cash while shrinking its share base through substantial shareholder distributions.
The key earnings-quality signal is that FY2025 operating cash flow reached$852.8M versus net income of$738.3M , so accounting profit was more than matched by cash generation. That cash was largely returned: financing cash outflow totaled$940.3M while diluted shares fell sharply from FY2024 to FY2025, linking strong conversion with a smaller ownership base.
The balance sheet is predominantly equity-funded: FY2025 total liabilities were
The latest softening is a profitability issue rather than top-line contraction: revenue reached
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of MGIC Investment Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. MGIC Investment Corp. scores 100/100 on it among other insurers.
MGIC Investment Corp. reported revenue of $1.2B in fiscal year 2025, against $1.2B in fiscal year 2024. Premium Growth ranks insurers on the three-year path of the premiums they write rather than on total revenue, and MGIC Investment Corp. scores 23/100 among other insurers.
MGIC Investment Corp. funded 77.5% of its assets with shareholders' equity at the end of fiscal year 2025, holding $5.1B of equity against $6.6B of assets. Capital ranks insurers on that cushion, and MGIC Investment Corp. scores 99/100 among other insurers.
Not available for MGIC Investment Corp., and counted as zero in the overall score.
Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. MGIC Investment Corp. scores 100/100 on it among other insurers.
MGIC Investment Corp. reported net income of $738.3M in fiscal year 2025, against $763.0M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and MGIC Investment Corp. scores 97/100 among other insurers.
MGIC Investment Corp. passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, MGIC Investment Corp. generates $1.16 in operating cash flow ($852.8M OCF vs $738.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
MGIC Investment Corp. generated $295.4M in revenue in Q2 2026. This represents a decrease of 2.9% from the same quarter a year earlier. Against the prior quarter it is down 0.6%.
MGIC Investment Corp. reported $182.1M in net income in Q2 2026. This represents a decrease of 5.4% from the same quarter a year earlier. Against the prior quarter it is up 10.2%.
MGIC Investment Corp. earned $0.86 per diluted share (EPS) in Q2 2026. This represents an increase of 6.2% from the same quarter a year earlier. Against the prior quarter it is up 13.2%.
Not reported for Q2 2026.
Cash & Balance Sheet
MGIC Investment Corp. generated $184.5M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 0.8% from the same quarter a year earlier. Against the prior quarter it is up 140.5%.
MGIC Investment Corp. held $207.3M in cash as of Q2 2026; long-term debt is not reported for that period.
MGIC Investment Corp. paid $0.15 per share in dividends in Q2 2026. This represents an increase of 15.4% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
MGIC Investment Corp.'s net profit margin was 61.7% in Q2 2026, showing the share of revenue converted to profit. This is down 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.0 percentage points.
MGIC Investment Corp.'s ROE was 3.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
MGIC Investment Corp. spent $184.7M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 0.9% from the same quarter a year earlier. Against the prior quarter it is down 4.0%.
MGIC Investment Corp. invested $473K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 2265.0% from the same quarter a year earlier. Against the prior quarter it is up 157.1%.
Not reported for Q2 2026.
MTG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $295.4M-2.9% | $297.1M-3.0% | $298.7M-0.9% | $304.5M-0.7% | $304.2M-0.3% | $306.2M+4.0% | $301.4M+6.2% | $306.6M+3.4% |
| Interest Expense | $8.9M0.0% | $8.9M0.0% | $8.9M0.0% | $8.9M0.0% | $8.9M0.0% | $8.9M0.0% | $8.9M0.0% | $8.9M-3.8% |
| Income Tax | $47.8M-10.9% | $41.5M-15.6% | $43.4M-13.2% | $44.0M-19.1% | $53.6M-3.6% | $49.2M+7.5% | $50.0M+10.3% | $54.3M+5.4% |
| Net Income | $182.1M-5.4% | $165.3M-10.9% | $169.3M-8.3% | $191.1M-4.4% | $192.5M-5.8% | $185.5M+6.5% | $184.7M+0.1% | $200.0M+9.4% |
| EPS (Basic) | $0.87+7.4% | $0.760.0% | $0.76+2.7% | $0.83+7.8% | $0.81+5.2% | $0.76+18.8% | $0.74+12.1% | $0.77+18.5% |
| EPS (Diluted) | $0.86+6.2% | $0.76+1.3% | $0.75+4.2% | $0.83+7.8% | $0.81+5.2% | $0.75+17.2% | $0.72+9.1% | $0.77+20.3% |
| Diluted Shares (Avg) | 211M-11.4% | 218M-11.5% | N/A | 231M-11.3% | 238M-10.8% | 246M-9.7% | N/A | 261M-8.7% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
MTG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.5B-0.2% | $6.4B-1.8% | $6.6B+1.4% | $6.6B-0.8% | $6.5B+0.3% | $6.5B0.0% | $6.5B+0.1% | $6.7B+5.5% |
| Cash & Equivalents | $207.3M-29.7% | $235.1M+13.6% | $369.0M+60.8% | $266.9M-7.5% | $294.9M+4.6% | $207.0M-52.0% | $229.5M-36.9% | $288.6M+8.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.5B+9.1% | $1.4B-1.1% | $1.5B+8.5% | $1.5B+5.0% | $1.4B-1.4% | $1.4B-2.6% | $1.4B-6.2% | $1.4B-6.3% |
| Total Equity | $5.0B-2.7% | $5.0B-2.0% | $5.1B-0.5% | $5.2B-2.3% | $5.2B+0.7% | $5.1B+0.7% | $5.2B+2.0% | $5.3B+9.1% |
| Retained Earnings | $3.2B-4.5% | $3.2B-4.3% | $3.3B-4.5% | $3.3B-35.0% | $3.3B-32.2% | $3.3B-29.5% | $3.4B-25.9% | $5.1B+14.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
MTG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $185.0M+1.1% | $76.9M-65.6% | $230.8M+26.5% | $215.4M+17.8% | $183.0M+8.1% | $223.7M+17.4% | $182.4M-2.1% | $182.9M+7.7% |
| Depreciation & Amortization | $2.0M-22.9% | -$84K-103.1% | $821K-79.6% | $900K-73.8% | $2.5M-43.5% | $2.7M-58.5% | $4.0M-35.2% | $3.4M-64.3% |
| Stock-Based Compensation | N/A | $6.4M-20.5% | N/A | N/A | N/A | $8.1M-27.2% | N/A | N/A |
| Capital Expenditures | $473K+2265.0% | $184K+47.2% | $601K+16.9% | $279K-26.8% | $20K-92.8% | $125K | $514K-5.5% | $381K-51.4% |
| Free Cash Flow | $184.5M+0.8% | $76.7M-65.7% | $230.2M+26.6% | $215.1M+17.9% | $183.0M+8.3% | $223.5M+17.3% | $181.9M-2.1% | $182.5M+8.0% |
| Investing Cash Flow | -$2.8M-102.3% | $46.8M+44.5% | $95.6M+583.5% | -$20.0M-44.3% | $120.4M+189.6% | $32.4M+24.7% | -$19.8M-132.1% | -$13.8M+83.5% |
| Financing Cash Flow | -$216.6M+0.3% | -$249.7M+10.2% | -$222.6M+2.2% | -$222.5M-41.5% | -$217.2M-16.4% | -$278.0M-88.3% | -$227.6M-49.4% | -$157.2M-23.2% |
| Dividends Paid | $31.6M+2.9% | $35.2M+3.7% | $33.4M+1.4% | $34.4M+2.3% | $30.8M+0.6% | $33.9M+1.7% | $32.9M+3.5% | $33.7M+3.7% |
| Share Buybacks | $184.7M-0.9% | $192.4M-14.6% | $189.2M-2.8% | $187.9M+52.0% | $186.4M+19.5% | $225.2M+136.6% | $194.7M+61.6% | $123.6M+85.9% |
MTG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 61.7%-1.6pp | 55.6%-4.9pp | 56.7%-4.6pp | 62.8%-2.4pp | 63.3%-3.6pp | 60.6%+1.4pp | 61.3%-3.7pp | 65.2%+3.5pp |
| Return on Equity | 3.6%-0.1pp | 3.3%-0.3pp | 3.3%-0.3pp | 3.7%-0.1pp | 3.7%-0.3pp | 3.6%+0.2pp | 3.6%-0.1pp | 3.8%0.0pp |
| Return on Assets | 2.8%-0.1pp | 2.6%-0.3pp | 2.5%-0.3pp | 2.9%-0.1pp | 2.9%-0.2pp | 2.8%+0.2pp | 2.8%0.0pp | 3.0%+0.1pp |
| Debt-to-Equity | 0.300.0x | 0.270.0x | 0.290.0x | 0.280.0x | 0.270.0x | 0.270.0x | 0.27+0.1x | 0.26+0.1x |
| Asset Turnover | 0.050.0x | 0.050.0x | 0.040.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.050.0x |
| FCF Margin | 62.5%+2.3pp | 25.8%-47.2pp | 77.1%+16.7pp | 70.7%+11.1pp | 60.1%+4.8pp | 73.0%+8.3pp | 60.3%-5.1pp | 59.5%+2.5pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| MGIC Investment Corp. MTG | FY2025 | $1.2B | $738.3M | 60.8% | $5.7B | 70/100 |
| Essent Group LTD ESNT | FY2025 | $1.3B | $690.0M | 54.7% | $5.6B | 55/100 |
| Axis Capital Holders Limited AXS | FY2025 | $6.6B | $1.0B | 15.4% | $7.2B | 36/100 |
| First American Financial Corporation FAF | FY2025 | $7.5B | $621.8M | 8.3% | $6.3B | 20/100 |
| Enact Holdings, Inc. ACT | FY2025 | $1.2B | $674.2M | 54.6% | $6.2B | 71/100 |
| Radian Group Inc. RDN | FY2025 | $1.2B | $582.6M | 48.7% | $4.4B | 69/100 |
Where MGIC Investment Corp. Ranks
Frequently Asked Questions
What is MGIC Investment Corp.'s annual revenue?
MGIC Investment Corp. (MTG) reported $1.2B in total revenue for fiscal year 2025. This represents a 0.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is MGIC Investment Corp.'s revenue growing?
MGIC Investment Corp. (MTG) revenue grew by 0.5% year-over-year, from $1.2B to $1.2B in fiscal year 2025.
Is MGIC Investment Corp. profitable?
Yes, MGIC Investment Corp. (MTG) reported a net income of $738.3M in fiscal year 2025, with a net profit margin of 60.8%.
What is MGIC Investment Corp.'s net profit margin?
MGIC Investment Corp. (MTG) had a net profit margin of 60.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is MGIC Investment Corp.'s return on equity (ROE)?
MGIC Investment Corp. (MTG) has a return on equity of 14.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is MGIC Investment Corp.'s free cash flow?
MGIC Investment Corp. (MTG) generated $851.8M in free cash flow during fiscal year 2025. This represents a 17.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is MGIC Investment Corp.'s operating cash flow?
MGIC Investment Corp. (MTG) generated $852.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are MGIC Investment Corp.'s total assets?
MGIC Investment Corp. (MTG) had $6.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are MGIC Investment Corp.'s capital expenditures?
MGIC Investment Corp. (MTG) invested $1.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is MGIC Investment Corp.'s debt-to-equity ratio?
MGIC Investment Corp. (MTG) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is MGIC Investment Corp.'s return on assets (ROA)?
MGIC Investment Corp. (MTG) had a return on assets of 11.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is MGIC Investment Corp.'s P/E ratio?
MGIC Investment Corp. (MTG) trades at 8.1x earnings, its market capitalization divided by net income of $707.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $5.7B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is MGIC Investment Corp.'s price-to-sales ratio?
MGIC Investment Corp. (MTG) trades at 4.8x sales, its market capitalization divided by revenue of $1.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $5.7B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is MGIC Investment Corp.'s Piotroski F-Score?
MGIC Investment Corp. (MTG) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are MGIC Investment Corp.'s earnings high quality?
MGIC Investment Corp. (MTG) has an earnings quality ratio of 1.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is MGIC Investment Corp.?
MGIC Investment Corp. (MTG) scores 70 out of 100 on our Financial Health Score, indicating strong standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.