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MGIC Investment Corporation

MGIC Investment Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, roughly unchanged from fiscal 2024.

Revenue: −1.78%
EPS: +2.41%
Free cash flow: +0.56%
Total debt: +0.23%

Quarter to September 2026, against a year earlier

28.45 0.90 −3.07%

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Market cap: $6.0B
P/E: 9.1×
Fwd P/E: 8.7×
Dividend yield: 1.61%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	10.53	15.01	5.65	7.38	9.65	7.75	4.65	7.73	8.18	9.31
Piotroski F-Score Full definition →	5	8	6	6	5	8	8	6	7	6
P/S ratio Full definition →	3.36	4.85	3.40	4.12	3.56	4.07	3.42	4.75	5.14	5.61
P/FCF ratio Full definition →	16.68	13.23	7.21	8.28	5.85	6.96	6.20	7.69	8.55	7.99
P/Operating CF Full definition →	47.15	34.38	23.74	33.03	19.09	26.21	24.12	29.43	34.02	29.50
P/B ratio Full definition →	1.40	1.64	1.07	1.16	0.91	0.99	0.86	1.08	1.20	1.32
Price to Tangible BV Full definition →	1.40	1.64	1.07	1.16	0.91	0.99	0.86	1.08	1.20	1.32
EV/Sales Full definition →	4.33	5.53	4.00	4.67	4.35	4.78	3.70	4.98	5.48	5.83
EV/EBITDA Full definition →	6.35	6.51	4.71	5.97	7.41	5.80	3.52	5.91	6.47	7.29
EV/Operating CF Full definition →	20.45	14.50	8.26	9.29	7.12	8.13	6.68	8.07	9.12	8.30
EV/FCF Full definition →	21.46	15.10	8.48	9.38	7.15	8.18	6.71	8.07	9.12	8.31
Quick Ratio Full definition →	0.15	0.15	0.23	0.26	0.38	0.41	0.58	0.71	0.59	0.89
Current Ratio Full definition →	0.15	0.15	0.23	0.26	0.38	0.41	0.58	0.71	0.59	0.89
Net Debt/EBITDA Full definition →	1.41	0.81	0.71	0.70	1.35	0.86	0.27	0.28	0.40	0.28
Debt/Assets Full definition →	20.56%	14.78%	14.65%	13.37%	16.90%	15.65%	10.67%	9.84%	9.85%	9.73%
Debt/Equity Full definition →	0.46	0.26	0.23	0.19	0.26	0.24	0.14	0.13	0.12	0.13
Asset Turnover Full definition →	0.18	0.19	0.20	0.20	0.18	0.16	0.17	0.18	0.18	0.18
Operating CF/Net income Full definition →	0.66	1.14	0.81	0.90	1.64	1.10	0.75	1.00	0.95	1.16
Capex/Depreciation Full definition →	(0.17)	(0.25)	(0.24)	(0.12)	(0.06)	(0.06)	(0.06)	0.01	(0.06)	(0.15)
Interest Coverage Full definition →	11.68	14.76	16.93	17.10	10.83	12.75	24.52	25.45	28.21	27.08
ROE Full definition →	14.32%	12.48%	19.89%	17.08%	9.90%	13.28%	18.21%	14.68%	14.90%	14.31%
ROA Full definition →	5.90%	6.27%	11.86%	11.32%	6.57%	8.65%	12.78%	11.18%	11.66%	11.20%
ROIC Full definition →	11.58%	13.54%	13.17%	11.32%	7.15%	9.97%	14.81%	10.98%	11.24%	11.12%
Return on Tangible Assets Full definition →	(23.31%)	(31.56%)	(85.27%)	(105.65%)	(66.38%)	(103.26%)	(315.10%)	(468.85%)	(374.56%)	(2,284.70%)
Average Days of Receivables Full definition →	37.05	36.43	29.67	23.68	46.19	49.17	32.47	32.14	32.95	38.38
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	0.91%	1.04%	1.06%	0.99%	1.03%	1.06%	1.05%	0.94%	0.74%	0.59%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	1.15%	1.44%	2.11%	2.74%	2.59%	2.01%
Graham Net Nets Full definition →	(0.82)	(0.44)	(0.48)	(0.33)	(0.52)	(0.41)	(0.28)	(0.18)	(0.17)	(0.15)
Graham Number Full definition →	12.87	13.64	20.20	22.97	20.11	24.67	31.03	31.72	35.91	39.51
Earnings Yield Full definition →	9.50%	6.66%	17.69%	13.55%	10.36%	12.90%	21.51%	12.93%	12.23%	10.75%
Free Cash Flow Yield Full definition →	6.00%	7.56%	13.87%	12.08%	17.09%	14.36%	16.13%	13.01%	11.69%	12.51%
Revenue per Share Full definition →	3.10	2.94	3.08	3.44	3.53	3.55	3.83	4.07	4.62	5.21
Operating CF per Share Full definition →	0.66	1.12	1.49	1.73	2.15	2.08	2.13	2.51	2.77	3.66
Capex per Share Full definition →	(0.03)	(0.04)	(0.04)	(0.02)	(0.01)	(0.01)	(0.01)	0.00	0.00	0.00
Free Cash Flow per Share Full definition →	0.62	1.08	1.45	1.71	2.14	2.07	2.11	2.52	2.77	3.66
Cash per Share Full definition →	0.45	0.28	0.42	0.48	0.87	0.91	1.09	1.31	0.90	1.61
Shareholders Equity per Share Full definition →	7.43	8.71	9.80	12.21	13.82	14.54	15.18	17.88	19.77	22.09
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	7.43	8.71	9.80	12.21	13.82	14.54	15.18	17.88	19.77	22.09
Free Cash Flow Full definition →	214.21	390.59	530.28	603.90	729.00	692.20	646.76	713.30	723.86	851.77
Working Capital Full definition →	(1,505.29)	(1,172.33)	(837.60)	(687.83)	(719.20)	(660.53)	(316.04)	(190.82)	(239.38)	(64.77)
Capital Expenditures Full definition →	(10.55)	(16.07)	(14.24)	(5.64)	(3.31)	(4.11)	(3.25)	0.34	(1.17)	(1.02)
Net Current Asset Value Full definition →	(2,922.43)	(2,258.73)	(1,849.51)	(1,672.53)	(2,207.10)	(1,998.95)	(1,133.82)	(994.02)	(1,031.22)	(988.80)
EV/EBIT Full definition →	6.94	7.01	5.01	6.29	8.07	6.22	3.68	6.13	6.59	7.34
Capex to Sales Full definition →	0.01	0.02	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Operating Income Full definition →	5.40	6.14	4.26	5.55	6.61	5.30	3.40	5.84	6.18	7.06
Other line items
Depreciation/Fixed assets Full definition →	1.70	1.43	1.13	0.97	1.23	1.45	1.31	0.91	0.52	0.21
Cash ROIC Full definition →	5.52%	9.56%	11.61%	11.37%	11.68%	10.96%	11.47%	11.72%	11.96%	13.81%
Accounts Receivable Turnover Full definition →	10.41	9.95	11.37	14.27	10.40	7.61	8.88	11.21	11.46	10.26
Accounts Payable Turnover Full definition →	0.20	0.14	0.17	0.30	0.51	0.23	(0.02)	0.29	0.31	0.42
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	1,651.29	2,358.49	1,842.23	1,133.28	787.53	1,561.48	(15,387.63)	1,179.89	1,094.31	855.23
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	102.06	107.12	98.88	85.06	115.25	155.74	132.02	103.01	105.36	118.32
Average Payables Full definition →	1,970.96	1,573.56	1,231.29	1,009.82	1,051.64	1,146.42	939.24	708.22	623.09	575.47
Average Assets Full definition →	5,801.44	5,677.01	5,648.65	5,953.69	6,792.05	7,339.77	6,769.40	6,376.09	6,542.81	6,593.36
Average Common Equity Full definition →	2,392.49	2,851.68	3,368.21	3,945.56	4,504.11	4,780.18	4,752.06	4,857.38	5,122.20	5,159.96

Show all line items

Columns are period end dates · fundamentals updated 4 Nov 2026

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