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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.21B | $1.21B | $1.16B | $1.17B | $1.19B | $1.20B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $3.30M | $4.20M | $4.60M | $4.90M | $5.60M | $6.30M |
| Operating Income | $928.54M | $968.71M | $902.23M | $1.09B | $559.26M | $559.26M |
| Interest Expense | $35.60M | $35.60M | $36.91M | $48.05M | $71.36M | $59.59M |
| Income Tax | $190.19M | $205.72M | $189.28M | $224.69M | $166.79M | $113.17M |
| Net Income | $738.35M | $762.99M | $712.95M | $865.35M | $634.98M | $446.09M |
| EPS - Basic | $3.17 | $2.92 | $2.51 | $2.83 | $1.90 | $1.31 |
| EPS - Diluted | $3.14 | $2.89 | $2.49 | $2.79 | $1.85 | $1.29 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $368.99M | $229.49M | $363.67M | $327.38M | $284.69M | $287.95M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $6.64B | $6.55B | $6.54B | $6.21B | $7.33B | $7.35B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | $643.20M | $662.80M | $1.15B | $1.24B |
| Total Liabilities | $1.49B | $1.37B | $1.47B | $1.57B | $2.46B | $2.66B |
| Stockholders' Equity | $5.15B | $5.17B | $5.07B | $4.64B | $4.86B | $4.70B |
| Retained Earnings | $3.25B | $3.40B | $4.59B | $4.00B | $3.25B | $2.64B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $852.80M | $725.03M | $712.96M | $650.01M | $696.32M | $732.31M |
| Investing Cash Flow | $228.37M | ($142.00M) | ($179.19M) | $410.49M | ($160.75M) | ($772.51M) |
| Financing Cash Flow | ($940.28M) | ($719.04M) | ($496.04M) | ($1.03B) | ($527.29M) | $167.82M |
| CapEx | $1.02M | $1.17M | $2.00M | $3.25M | $4.12M | $3.31M |
| Free Cash Flow | $851.77M | $723.86M | $710.96M | $646.76M | $692.20M | $729.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 76.5% | 80.2% | 78.1% | 92.9% | 47.2% | 46.6% |
| EBITDA margin | 76.8% | 80.6% | 78.5% | 93.4% | 47.6% | 47.2% |
| Net margin | 60.8% | 63.2% | 61.7% | 73.8% | 53.6% | 37.2% |
| Free cash flow margin | 70.2% | 59.9% | 61.5% | 55.1% | 58.4% | 60.8% |
| FCF / Net income | 1.15 | 0.95 | 1.00 | 0.75 | 1.09 | 1.63 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 20.5% | 21.2% | 21.0% | 20.6% | 20.8% | 20.2% |
| Return on assets | 11.1% | 11.7% | 10.9% | 13.9% | 8.7% | 6.1% |
| Return on equity | 14.3% | 14.8% | 14.1% | 18.6% | 13.1% | 9.5% |
| Return on invested capital | - | - | 12.5% | 16.3% | 7.4% | 7.5% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | 0.13 | 0.14 | 0.24 | 0.26 |
| Debt / Assets | - | - | 0.10 | 0.11 | 0.16 | 0.17 |
| Debt / EBITDA | - | - | 0.71 | 0.61 | 2.03 | 2.20 |
| Interest coverage | 26.1x | 27.2x | 24.4x | 22.7x | 7.8x | 9.4x |
| Equity multiplier | 1.29 | 1.27 | 1.29 | 1.34 | 1.51 | 1.57 |
| Liabilities / Assets | 0.22 | 0.21 | 0.22 | 0.25 | 0.34 | 0.36 |
| Efficiency | ||||||
| Asset turnover | 0.18 | 0.18 | 0.18 | 0.19 | 0.16 | 0.16 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 9.3x | 8.2x | 7.7x | 4.7x | 7.8x | 9.7x |
| P / B | 1.3x | 1.2x | 1.1x | 0.9x | 1.0x | 1.0x |
| P / S | 5.7x | 5.2x | 4.8x | 3.4x | 4.3x | 3.8x |
| EV / EBITDA | 7.0x | 6.2x | 6.4x | 4.0x | 10.5x | 9.7x |
| Growth | ||||||
| Revenue growth (YoY) | 0.5% | 4.6% | -1.5% | -1.1% | -1.1% | -1.2% |
| Revenue CAGR (3y) | 1.1% | 0.6% | -1.2% | -1.1% | 1.8% | 4.0% |
| Revenue CAGR (5y) | 0.2% | -0.1% | 0.6% | 1.9% | 2.2% | 2.9% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -4.1% | 7.4% | -17.2% | 94.9% | 0.0% | -34.0% |
| Net income growth (YoY) | -3.2% | 7.0% | -17.6% | 36.3% | 42.3% | -33.8% |
| EPS growth (YoY) | 8.7% | 16.1% | -10.8% | 50.8% | 43.4% | -30.3% |
| EPS CAGR (3y) | 4.0% | 16.0% | 24.5% | 14.7% | 1.3% | 10.7% |
| EPS CAGR (5y) | 19.5% | 9.3% | 6.9% | 24.0% | 16.6% | -13.1% |
| FCF growth (YoY) | 17.7% | 1.8% | 9.9% | -6.6% | -5.0% | 20.7% |
| FCF CAGR (5y) | 3.2% | 3.7% | 6.0% | 25.4% | 27.0% | 37.0% |
| Book value growth (YoY) | -0.5% | 2.0% | 9.2% | -4.5% | 3.5% | 9.0% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
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 |