Saturday 17 October 2026
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MGIC Investment Corporation
MTG Financial Insurance Specialty
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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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
9.31 | 8.18 | 7.73 | 4.65 | 7.75 | 9.65 | 7.38 | 5.65 | 15.01 | 10.53 |
Piotroski F-Score |
6 | 7 | 6 | 8 | 8 | 5 | 6 | 6 | 8 | 5 |
P/S ratio |
5.61 | 5.14 | 4.75 | 3.42 | 4.07 | 3.56 | 4.12 | 3.40 | 4.85 | 3.36 |
P/FCF ratio |
7.99 | 8.55 | 7.69 | 6.20 | 6.96 | 5.85 | 8.28 | 7.21 | 13.23 | 16.68 |
P/Operating CF |
29.50 | 34.02 | 29.43 | 24.12 | 26.21 | 19.09 | 33.03 | 23.74 | 34.38 | 47.15 |
P/B ratio |
1.32 | 1.20 | 1.08 | 0.86 | 0.99 | 0.91 | 1.16 | 1.07 | 1.64 | 1.40 |
Price to Tangible BV |
1.32 | 1.20 | 1.08 | 0.86 | 0.99 | 0.91 | 1.16 | 1.07 | 1.64 | 1.40 |
EV/Sales |
5.83 | 5.48 | 4.98 | 3.70 | 4.78 | 4.35 | 4.67 | 4.00 | 5.53 | 4.33 |
EV/EBITDA |
7.29 | 6.47 | 5.91 | 3.52 | 5.80 | 7.41 | 5.97 | 4.71 | 6.51 | 6.35 |
EV/Operating CF |
8.30 | 9.12 | 8.07 | 6.68 | 8.13 | 7.12 | 9.29 | 8.26 | 14.50 | 20.45 |
EV/FCF |
8.31 | 9.12 | 8.07 | 6.71 | 8.18 | 7.15 | 9.38 | 8.48 | 15.10 | 21.46 |
Quick Ratio |
0.89 | 0.59 | 0.71 | 0.58 | 0.41 | 0.38 | 0.26 | 0.23 | 0.15 | 0.15 |
Current Ratio |
0.89 | 0.59 | 0.71 | 0.58 | 0.41 | 0.38 | 0.26 | 0.23 | 0.15 | 0.15 |
Net Debt/EBITDA |
0.28 | 0.40 | 0.28 | 0.27 | 0.86 | 1.35 | 0.70 | 0.71 | 0.81 | 1.41 |
Debt/Assets |
9.73% | 9.85% | 9.84% | 10.67% | 15.65% | 16.90% | 13.37% | 14.65% | 14.78% | 20.56% |
Debt/Equity |
0.13 | 0.12 | 0.13 | 0.14 | 0.24 | 0.26 | 0.19 | 0.23 | 0.26 | 0.46 |
Asset Turnover |
0.18 | 0.18 | 0.18 | 0.17 | 0.16 | 0.18 | 0.20 | 0.20 | 0.19 | 0.18 |
Operating CF/Net income |
1.16 | 0.95 | 1.00 | 0.75 | 1.10 | 1.64 | 0.90 | 0.81 | 1.14 | 0.66 |
Capex/Depreciation |
(0.15) | (0.06) | 0.01 | (0.06) | (0.06) | (0.06) | (0.12) | (0.24) | (0.25) | (0.17) |
Interest Coverage |
27.08 | 28.21 | 25.45 | 24.52 | 12.75 | 10.83 | 17.10 | 16.93 | 14.76 | 11.68 |
| 14.31% | 14.90% | 14.68% | 18.21% | 13.28% | 9.90% | 17.08% | 19.89% | 12.48% | 14.32% | |
| 11.20% | 11.66% | 11.18% | 12.78% | 8.65% | 6.57% | 11.32% | 11.86% | 6.27% | 5.90% | |
ROIC |
11.12% | 11.24% | 10.98% | 14.81% | 9.97% | 7.15% | 11.32% | 13.17% | 13.54% | 11.58% |
Return on Tangible Assets |
(2,284.70%) | (374.56%) | (468.85%) | (315.10%) | (103.26%) | (66.38%) | (105.65%) | (85.27%) | (31.56%) | (23.31%) |
Average Days of Receivables |
38.38 | 32.95 | 32.14 | 32.47 | 49.17 | 46.19 | 23.68 | 29.67 | 36.43 | 37.05 |
Research and Development Expense of Revenue |
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 |
0.59% | 0.74% | 0.94% | 1.05% | 1.06% | 1.03% | 0.99% | 1.06% | 1.04% | 0.91% |
Intangible Assets out of Total Assets |
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 |
2.01% | 2.59% | 2.74% | 2.11% | 1.44% | 1.15% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.15) | (0.17) | (0.18) | (0.28) | (0.41) | (0.52) | (0.33) | (0.48) | (0.44) | (0.82) |
Graham Number |
39.51 | 35.91 | 31.72 | 31.03 | 24.67 | 20.11 | 22.97 | 20.20 | 13.64 | 12.87 |
Earnings Yield |
10.75% | 12.23% | 12.93% | 21.51% | 12.90% | 10.36% | 13.55% | 17.69% | 6.66% | 9.50% |
Free Cash Flow Yield |
12.51% | 11.69% | 13.01% | 16.13% | 14.36% | 17.09% | 12.08% | 13.87% | 7.56% | 6.00% |
Revenue per Share |
5.21 | 4.62 | 4.07 | 3.83 | 3.55 | 3.53 | 3.44 | 3.08 | 2.94 | 3.10 |
Operating CF per Share |
3.66 | 2.77 | 2.51 | 2.13 | 2.08 | 2.15 | 1.73 | 1.49 | 1.12 | 0.66 |
Capex per Share |
0.00 | 0.00 | 0.00 | (0.01) | (0.01) | (0.01) | (0.02) | (0.04) | (0.04) | (0.03) |
Free Cash Flow per Share |
3.66 | 2.77 | 2.52 | 2.11 | 2.07 | 2.14 | 1.71 | 1.45 | 1.08 | 0.62 |
Cash per Share |
1.61 | 0.90 | 1.31 | 1.09 | 0.91 | 0.87 | 0.48 | 0.42 | 0.28 | 0.45 |
Shareholders Equity per Share |
22.09 | 19.77 | 17.88 | 15.18 | 14.54 | 13.82 | 12.21 | 9.80 | 8.71 | 7.43 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
22.09 | 19.77 | 17.88 | 15.18 | 14.54 | 13.82 | 12.21 | 9.80 | 8.71 | 7.43 |
Free Cash Flow |
851.77 | 723.86 | 713.30 | 646.76 | 692.20 | 729.00 | 603.90 | 530.28 | 390.59 | 214.21 |
Working Capital |
(64.77) | (239.38) | (190.82) | (316.04) | (660.53) | (719.20) | (687.83) | (837.60) | (1,172.33) | (1,505.29) |
Capital Expenditures |
(1.02) | (1.17) | 0.34 | (3.25) | (4.11) | (3.31) | (5.64) | (14.24) | (16.07) | (10.55) |
Net Current Asset Value |
(988.80) | (1,031.22) | (994.02) | (1,133.82) | (1,998.95) | (2,207.10) | (1,672.53) | (1,849.51) | (2,258.73) | (2,922.43) |
EV/EBIT |
7.34 | 6.59 | 6.13 | 3.68 | 6.22 | 8.07 | 6.29 | 5.01 | 7.01 | 6.94 |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.01 |
Price to Operating Income |
7.06 | 6.18 | 5.84 | 3.40 | 5.30 | 6.61 | 5.55 | 4.26 | 6.14 | 5.40 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.21 | 0.52 | 0.91 | 1.31 | 1.45 | 1.23 | 0.97 | 1.13 | 1.43 | 1.70 |
Cash ROIC |
13.81% | 11.96% | 11.72% | 11.47% | 10.96% | 11.68% | 11.37% | 11.61% | 9.56% | 5.52% |
Accounts Receivable Turnover |
10.26 | 11.46 | 11.21 | 8.88 | 7.61 | 10.40 | 14.27 | 11.37 | 9.95 | 10.41 |
Accounts Payable Turnover |
0.42 | 0.31 | 0.29 | (0.02) | 0.23 | 0.51 | 0.30 | 0.17 | 0.14 | 0.20 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
855.23 | 1,094.31 | 1,179.89 | (15,387.63) | 1,561.48 | 787.53 | 1,133.28 | 1,842.23 | 2,358.49 | 1,651.29 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
118.32 | 105.36 | 103.01 | 132.02 | 155.74 | 115.25 | 85.06 | 98.88 | 107.12 | 102.06 |
Average Payables |
575.47 | 623.09 | 708.22 | 939.24 | 1,146.42 | 1,051.64 | 1,009.82 | 1,231.29 | 1,573.56 | 1,970.96 |
Average Assets |
6,593.36 | 6,542.81 | 6,376.09 | 6,769.40 | 7,339.77 | 6,792.05 | 5,953.69 | 5,648.65 | 5,677.01 | 5,801.44 |
Average Common Equity |
5,159.96 | 5,122.20 | 4,857.38 | 4,752.06 | 4,780.18 | 4,504.11 | 3,945.56 | 3,368.21 | 2,851.68 | 2,392.49 |
Columns are period end dates