RDNNYSESurety InsuranceFiscal year ends December 31
RADIAN GROUP INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$34.12+0.08 (+0.24%)
Close on Oct 19, 2026
- Market cap
- $4.65B
- P/E (TTM)
- 8.8
- Dividend yield
- 2.99%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
–
Net margin
48.7%+21.3 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 | -0.8% | +0.2% | -3.6% | +0.0% | |
| Net income | -3.6% | -7.8% | +8.2% | +7.3% | |
| EPS, diluted | +5.6% | -1.6% | +15.7% | +13.0% | |
| Free cash flow | – | -32.2% | – | – | |
| Dividend per share | +4.1% | +8.4% | – | +58.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.5% | 9.4% | 12.4% | |
| Return on assets | 5.4% | 5.3% | 6.9% | |
| Capex to revenue | – | – | 0.4% | |
| Diluted shares | 229M | 197M | 141M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Radian generated $2.26B from operations and spent $2.32B on capital expenditure, dividends and share buybacks. 2% of that went back into the business.
Generated
$2.26B
Used
$2.32B
Capital expenditure$44.58M2%Dividends$682.22M29%Share buybacks$1.59B69%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin48.7%
×Asset turnover0.14×
×Equity multiplier1.79×
=Return on equity, FY202512.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 48.7% | 0.14× | 1.79× | 12.4% |
| FY2024 | 50.1% | 0.15× | 1.80× | 13.4% |
| FY2023 | 51.2% | 0.16× | 1.76× | 14.5% |
| FY2022 | 62.4% | 0.16× | 1.82× | 18.2% |
| FY2021 | 45.2% | 0.17× | 1.85× | 14.1% |
| FY2020 | 27.4% | 0.19× | 1.77× | 9.4% |
| FY2019 | 44.0% | 0.23× | 1.74× | 17.8% |
| FY2018 | 47.6% | 0.21× | 1.88× | 18.7% |
| FY2017 | 9.9% | 0.21× | 2.00× | 4.1% |
| FY2016 | 24.9% | 0.22× | 2.14× | 11.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$582.64M
- Cash generatingOperating cash flow above zero$119.86M
- Return on assets improvedROA up on the prior year8.0% → 6.7%
- Earnings backed by cashOperating cash flow above net income$119.86M vs $582.64M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise154M → 141M
- Gross margin improvedGross margin up on the prior year96.83% → –
- More efficientAsset turnover rose0.16 → 0.14