MTGNYSESurety InsuranceFiscal year ends December 31
MGIC INVESTMENT CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$27.72−0.13 (-0.47%)
Close on Oct 19, 2026
- Market cap
- $5.85B
- P/E (TTM)
- 8.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
60.8%+23.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.5% | +1.1% | +0.2% | +1.5% | |
| Net income | -3.2% | -5.2% | +10.6% | -4.5% | |
| EPS, diluted | +8.7% | +4.0% | +19.5% | +1.9% | |
| Free cash flow | +17.7% | +9.6% | +3.2% | +18.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 14.3% | 9.9% | 14.3% | |
| Return on assets | 5.9% | 6.6% | 11.2% | |
| Capex to revenue | 1.0% | 0.3% | 0.1% | |
| Diluted shares | 432M | 359M | 235M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Mgic Investment generated $3.64B from operations and spent $2.97B on capital expenditure, dividends and share buybacks. 0% of that went back into the business.
Generated
$3.64B
Used
$2.97B
Capital expenditure$11.57M0%Dividends$591.12M20%Share buybacks$2.37B80%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin60.8%
×Asset turnover0.18×
×Equity multiplier1.28×
=Return on equity, FY202514.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 60.8% | 0.18× | 1.28× | 14.3% |
| FY2024 | 63.2% | 0.18× | 1.28× | 14.9% |
| FY2023 | 61.7% | 0.18× | 1.31× | 14.7% |
| FY2022 | 73.8% | 0.17× | 1.42× | 18.2% |
| FY2021 | 53.6% | 0.16× | 1.54× | 13.3% |
| FY2020 | 37.2% | 0.18× | 1.51× | 9.9% |
| FY2019 | 55.5% | 0.20× | 1.51× | 17.1% |
| FY2018 | 59.6% | 0.20× | 1.68× | 19.9% |
| FY2017 | 33.4% | 0.19× | 1.99× | 12.5% |
| FY2016 | 32.2% | 0.18× | 2.42× | 14.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$738.35M
- Cash generatingOperating cash flow above zero$852.80M
- Return on assets improvedROA up on the prior year11.7% → 11.3%
- Earnings backed by cashOperating cash flow above net income$852.80M vs $738.35M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise264M → 235M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.18 → 0.19