Saturday 17 October 2026 Export MTG’s income statement to Excel — free account

MGIC Investment Corporation

MGIC Investment Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue fell 2.91%, EPS grew 6.17%, free cash flow was flat and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years, operating cash flow growth for three.

27.85 0.24 +0.87%

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Market cap: $5.7B
P/E: 8.7×
Fwd P/E: 8.3×
Dividend yield: 2.23%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 26.65

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	1	2	2	1	2	1	2	1	3	2	2

Insider Ownership 3.66%

Capital & Financial Ratios $m

Market Cap 5,660.00

Revenue 1,195.62

Net Income 707.85

Free Cash Flow 706.48

Net Debt 431.78

Current Ratio 0.64

Debt/Equity 0.13

P/E ratio 8.70

Fwd P/E 8.28

P/S ratio 4.89

P/B ratio 1.17

Past 5Y EPS Growth 19.47%

This Y EPS Growth 3.60%

Next Y EPS Growth 5.63%

Next Y revenue growth (1.87%)

Next 5Y EPS Growth 3.47%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 63.14%

10-year low 10-year high

P/S against its own 10 years 78.11%

10-year low 10-year high

P/B against its own 10 years 55.92%

10-year low 10-year high

Dividends

Payout Ratio 0.19

Annual Dividend Rate 0.62

Annual Dividend Yield 2.23%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.69	0.15 0.15 0.17
2025	0.56	0.13 0.13 0.15 0.15
2024	0.49	0.12 0.12 0.13 0.13
2023	0.43	0.10 0.10 0.12 0.12
2022	0.36	0.08 0.08 0.10 0.10
2021	0.28	0.06 0.06 0.08 0.08
2020	0.24	0.06 0.06 0.06 0.06
2019	0.12	0.06 0.06
2018	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	371	235	376	215
Receivables	102	109	128	151
Inventory	—	—	—	—
Other	—	—	—	—
	472	344	503	366

	2023	2024	2025	Q'26
Payables	663	583	568	577
ST’ Debt	—	—	—	—
Other	—	—	—	—
	663	583	568	577

Compound Annual Growth %

	10y	5y	3y
Sales	1.54%	0.24%	1.15%
Cash Flow	18.11%	3.09%	9.47%
Earnings	(4.52%)	10.60%	(5.15%)
Book Value	8.70%	1.84%	3.50%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	297	295	—	—	—
’25	306	304	305	299	1,214
’24	294	305	307	301	1,208
’23	284	291	297	284	1,155
’22	295	293	293	292	1,173
’21	298	298	296	294	1,186
’20	307	294	296	302	1,199

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	77	185	—	—	—
’25	224	183	215	231	853
’24	191	169	183	182	725
’23	212	145	170	186	713
’22	228	134	122	166	650
’21	198	151	163	184	696
’20	184	236	89	223	732

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	77	184	—	—	—
’25	224	183	215	230	852
’24	191	169	182	182	724
’23	212	144	169	188	713
’22	227	132	122	165	647
’21	198	150	162	182	692
’20	184	235	87	222	729

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.76	0.86	—	—	—
’25	0.75	0.81	0.83	0.75	3.14
’24	0.64	0.77	0.77	0.72	2.89
’23	0.53	0.66	0.64	0.66	2.49
’22	0.54	0.80	0.81	0.64	2.79
’21	0.43	0.44	0.46	0.52	1.85
’20	0.42	0.04	0.38	0.44	1.29

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	5.36	9.68	9.41	10.20	4.34	11.56	11.38	12.16	18.68	21.94	Analyst estimates 2026–2028 Powerpack
	High	10.59	15.64	16.21	14.97	15.24	16.67	16.85	19.64	26.56	29.97
People
People	Employees	823	819	793	724	724	711	683	627	555	542
	Revenue/emp, $m	1.29	1.30	1.42	1.68	1.66	1.67	1.72	1.84	2.18	2.24
Income, $m
Income, $m	Revenue	1,062	1,066	1,124	1,214	1,199	1,186	1,173	1,155	1,208	1,214
	Gross margin, %	63.21	79.99	80.89	75.18	54.87	77.82	101.52	82.24	83.90	80.03
	EBT	515	784	844	848	559	802	1,090	902	969	929
	EBT margin, %	48.44	73.59	75.11	69.85	46.64	67.62	92.94	78.11	80.21	76.51
	Net income	343	356	670	674	446	635	865	713	763	738
	Depreciation	61	64	58	49	58	66	54	35	18	7
Per share, $
Per share, $	Revenue	3.10	2.94	3.08	3.44	3.53	3.55	3.83	4.07	4.62	5.21
	Earnings	1.00	0.98	1.88	1.96	1.36	1.85	2.84	2.52	2.89	3.14
	Cash flow	0.66	1.12	1.49	1.73	2.15	2.08	2.13	2.51	2.77	3.66
	Capex	(0.03)	(0.04)	(0.04)	(0.02)	(0.01)	(0.01)	(0.01)	0.00	0.00	0.00
	Free cash flow	0.62	1.08	1.45	1.71	2.14	2.07	2.11	2.52	2.77	3.66
	Book value	7.43	8.71	9.80	12.21	13.82	14.54	15.18	17.88	19.77	22.09
	Shares, m	343	362	365	353	340	334	306	284	262	233
Valuation, ×
Valuation, ×	P/E	10.53	15.01	5.65	7.38	9.65	7.75	4.65	7.73	8.18	9.31
	P/S	3.36	4.85	3.40	4.12	3.56	4.07	3.42	4.75	5.14	5.61
	P/B	1.40	1.64	1.07	1.16	0.91	0.99	0.86	1.08	1.20	1.32
	EV/Sales	4.33	5.53	4.00	4.67	4.35	4.78	3.70	4.98	5.48	5.83
	EV/FCF	21.46	15.10	8.48	9.38	7.15	8.18	6.71	8.07	9.12	8.31
Cash, $m
Cash, $m	Operating cash flow	225	407	545	610	732	696	650	713	725	853
	Capex	(11)	(16)	(14)	(6)	(3)	(4)	(3)	0	(1)	(1)
	Free cash flow	214	391	530	604	729	692	647	713	724	852
Balance, $m
Balance, $m	Working capital	(1,505)	(1,172)	(838)	(688)	(719)	(661)	(316)	(191)	(239)	(65)
	Total debt	1,179	830	832	833	1,243	1,147	663	643	645	646
	Net debt	1,023	731	677	664	947	842	330	273	410	271
	Shareholders’ equity	2,549	3,155	3,582	4,309	4,699	4,861	4,643	5,072	5,172	5,148
Returns, %
Returns, %	ROA	5.90	6.27	11.86	11.32	6.57	8.65	12.78	11.18	11.66	11.20
	ROIC	11.58	13.54	13.17	11.32	7.15	9.97	14.81	10.98	11.24	11.12
	ROE	14.32	12.48	19.89	17.08	9.90	13.28	18.21	14.68	14.90	14.31

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
RYAN Ryan Specialty Holdings Inc.	$10.2B	52.9×	37.4×	+7.19% (above 0%: growing)	−19.51% (below 0%: shrinking)	−17.82% (below 0%: shrinking)	100.00%	19.67%	Compare
AXS Axis Capital Holdings Limited	$7.2B	7.0×	7.4×	+7.35% (above 0%: growing)	+24.00% (above 0%: growing)	+137.05% (above 0%: growing)	28.72%	19.18%	Compare
FAF First American Financial Corporation	$6.5B	9.0×	9.9×	+14.99% (above 0%: growing)	+51.06% (above 0%: growing)	+2.71% (above 0%: growing)	100.00%	16.60%	Compare
ACT Enact Holdings, Inc.	$6.3B	9.7×	8.8×	+4.07% (above 0%: growing)	+11.61% (above 0%: growing)	−0.84% (below 0%: shrinking)	73.93%	73.26%	Compare
ESNT Essent Group Ltd.	$5.7B	8.9×	8.0×	+13.64% (above 0%: growing)	+7.18% (above 0%: growing)	+3.88% (above 0%: growing)	65.75%	65.75%	Compare
MTG MGIC Investment Corporation	$5.7B	8.7×	8.3×	−2.91% (below 0%: shrinking)	+6.17% (above 0%: growing)	+0.83% (above 0%: growing)	81.29%	80.85%
RDN Radian Group Inc.	$4.5B	8.7×	7.8×	+92.58% (above 0%: growing)	−17.48% (below 0%: shrinking)	+147.96% (above 0%: growing)	50.35%	30.09%	Compare
AGO Assured Guaranty Ltd.	$3.1B	9.5×	11.8×	−30.60% (below 0%: shrinking)	−57.89% (below 0%: shrinking)	−48.72% (below 0%: shrinking)	97.95%	42.05%	Compare
NMIH NMI Holdings Inc	$3.0B	7.9×	7.1×	+8.12% (above 0%: growing)	+13.82% (above 0%: growing)	+10.69% (above 0%: growing)	93.00%	76.67%	Compare
Median of peers	$6.0B	9.0×	8.4×	+7.74%	+9.40%	+3.30%	83.47%	36.07%

All 17 Insurance Specialty stocks →

MGIC Investment Corporation (MTG) key facts

MGIC Investment Corporation (MTG) is an Insurance Specialty company in the Financial sector, listed on the New York Stock Exchange.
MGIC Investment Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, roughly unchanged from fiscal 2024.
As of October 16, 2026, MTG traded at $27.85, a market capitalization of $5.7 billion.
MGIC Investment Corporation pays an annual dividend of $0.62 per share, a yield of 2.23%, with a payout ratio of 19.4%.
Return on equity was 14.3% and debt-to-equity 0.13.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.