MTG · Mgic Investment Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $297.08M | - | $304.50M | $304.25M | $306.23M | - | $306.65M | $305.28M | $294.36M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $206.83M | - | $235.06M | $246.09M | $234.68M | - | $254.30M | $259.82M | $219.88M | - |
| Interest Expense | $8.90M | - | $8.91M | $8.90M | $8.90M | - | $8.90M | $8.90M | $8.90M | - |
| Income Tax | $41.52M | - | $43.97M | $53.61M | $49.22M | - | $54.33M | $55.60M | $45.78M | - |
| Net Income | $165.30M | - | $191.09M | $192.48M | $185.46M | - | $199.97M | $204.23M | $174.10M | - |
| EPS - Basic | $0.76 | - | $0.83 | $0.81 | $0.76 | - | $0.77 | $0.77 | $0.64 | - |
| EPS - Diluted | $0.76 | - | $0.83 | $0.81 | $0.75 | - | $0.77 | $0.77 | $0.64 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $235.09M | $368.99M | $266.90M | $294.87M | $206.99M | $229.49M | $288.62M | $281.79M | $431.35M | $363.67M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $6.42B | $6.64B | $6.63B | $6.54B | $6.54B | $6.55B | $6.68B | $6.52B | $6.54B | $6.54B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | $643.20M |
| Total Liabilities | $1.38B | $1.49B | $1.45B | $1.39B | $1.40B | $1.37B | $1.38B | $1.41B | $1.43B | $1.47B |
| Stockholders' Equity | $5.04B | $5.15B | $5.17B | $5.15B | $5.14B | $5.17B | $5.29B | $5.12B | $5.10B | $5.07B |
| Retained Earnings | $3.20B | $3.25B | $3.30B | $3.33B | $3.34B | $3.40B | $5.07B | $4.91B | $4.74B | $4.59B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $76.90M | - | - | - | $223.65M | - | - | - | $190.54M | - |
| Investing Cash Flow | $46.79M | - | - | - | $32.38M | - | - | - | $25.97M | - |
| Financing Cash Flow | ($249.71M) | - | - | - | ($277.96M) | - | - | - | ($147.58M) | - |
| CapEx | $184.0K | - | - | - | $125.0K | - | - | - | $0 | - |
| Free Cash Flow | $76.72M | - | - | - | $223.53M | - | - | - | $190.54M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 69.6% | - | 77.2% | 80.9% | 76.6% | - | 82.9% | 85.1% | 74.7% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 55.6% | - | 62.8% | 63.3% | 60.6% | - | 65.2% | 66.9% | 59.1% | - |
| Free cash flow margin | 25.8% | - | - | - | 73.0% | - | - | - | 64.7% | - |
| FCF / Net income | 0.46 | - | - | - | 1.21 | - | - | - | 1.09 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 20.1% | - | 18.7% | 21.8% | 21.0% | - | 21.4% | 21.4% | 20.8% | - |
| Return on assets | 2.6% | - | 2.9% | 2.9% | 2.8% | - | 3.0% | 3.1% | 2.7% | - |
| Return on equity | 3.3% | - | 3.7% | 3.7% | 3.6% | - | 3.8% | 4.0% | 3.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | 0.13 |
| Debt / Assets | - | - | - | - | - | - | - | - | - | 0.10 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 23.2x | - | 26.4x | 27.7x | 26.4x | - | 28.6x | 29.2x | 24.7x | - |
| Equity multiplier | 1.27 | 1.29 | 1.28 | 1.27 | 1.27 | 1.27 | 1.26 | 1.27 | 1.28 | 1.29 |
| Liabilities / Assets | 0.21 | 0.22 | 0.22 | 0.21 | 0.21 | 0.21 | 0.21 | 0.22 | 0.22 | 0.22 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | - | 0.05 | 0.05 | 0.05 | - | 0.05 | 0.05 | 0.05 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 34.5x | - | 34.2x | 34.4x | 33.0x | - | 33.2x | 28.0x | 34.9x | - |
| P / B | 1.1x | - | 1.3x | 1.3x | 1.2x | - | 1.3x | 1.1x | 1.2x | - |
| P / S | 19.3x | - | 21.6x | 21.8x | 19.9x | - | 21.8x | 18.8x | 20.7x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -3.0% | - | -0.7% | -0.3% | 4.0% | - | 3.4% | 5.0% | 3.7% | - |
| Revenue CAGR (3y) | 1.5% | - | 1.3% | 1.2% | 1.3% | - | 1.2% | 0.8% | -0.4% | - |
| Revenue CAGR (5y) | -0.1% | - | 0.6% | 0.7% | -0.0% | - | -0.7% | 0.9% | 0.2% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -11.9% | - | -7.6% | -5.3% | 6.7% | - | 8.5% | 7.2% | 12.4% | - |
| Net income growth (YoY) | -10.9% | - | -4.4% | -5.8% | 6.5% | - | 9.4% | 6.9% | 12.6% | - |
| EPS growth (YoY) | 1.3% | - | 7.8% | 5.2% | 17.2% | - | 20.3% | 16.7% | 20.8% | - |
| EPS CAGR (3y) | 12.8% | - | 0.8% | 0.4% | 11.6% | - | 18.7% | 20.5% | 14.2% | - |
| EPS CAGR (5y) | 12.1% | - | 16.9% | 82.5% | 12.3% | - | 9.5% | 10.9% | 8.8% | - |
| FCF growth (YoY) | -65.7% | - | - | - | 17.3% | - | - | - | -10.1% | - |
| FCF CAGR (5y) | -17.2% | - | - | - | 4.0% | - | - | - | 3.0% | - |
| Book value growth (YoY) | -2.0% | -0.5% | -2.3% | 0.7% | 0.7% | 2.0% | 9.1% | 5.6% | 6.8% | 9.2% |
Peer comparison
Same SIC group: Surety Insurance
Comparing MGIC INVESTMENT CORP against the 5 most active filers in the same SIC group.
Dividends
$0.60/share trailing 12 months · +15.4% YoY
| Ex-date | Per share |
|---|---|
| May 6, 2026 | $0.1500 |
| Feb 17, 2026 | $0.1500 |
| Nov 6, 2025 | $0.1500 |
| Aug 7, 2025 | $0.1500 |
| May 8, 2025 | $0.1300 |
| Feb 18, 2025 | $0.1300 |
| Nov 7, 2024 | $0.1300 |
| Aug 8, 2024 | $0.1300 |
| May 8, 2024 | $0.1150 |
| Feb 14, 2024 | $0.1150 |
| Nov 8, 2023 | $0.1150 |
| Aug 9, 2023 | $0.1150 |
| May 10, 2023 | $0.1000 |
| Feb 16, 2023 | $0.1000 |
| Nov 9, 2022 | $0.1000 |
| Aug 10, 2022 | $0.1000 |
| May 11, 2022 | $0.0800 |
| Feb 15, 2022 | $0.0800 |
| Nov 9, 2021 | $0.0800 |
| Aug 11, 2021 | $0.0800 |
| May 12, 2021 | $0.0600 |
| Feb 16, 2021 | $0.0600 |
| Nov 9, 2020 | $0.0600 |
| Aug 10, 2020 | $0.0600 |