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.

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

Quarter to September 2026, against a year earlier

29.27 0.14 +0.48%
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

MGIC Investment Corporation (MTG) Operating margin

Alert me on Operating margin

MGIC Investment Corporation's operating margin over the twelve months to 30 September 2026 was 76.2%, down 3.3 percentage points from fiscal 2025 (79.4%). Over the past ten years it has ranged from 53.5% (fiscal 2015) to 100.5% (fiscal 2022); the current reading is higher than 64% of that period. That is above the Insurance Specialty industry median of 15.2% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 79.4% (3.72)
FY2024 83.2% 1.86
FY2023 81.3% (19.17)
FY2022 100.5% 23.72
FY2021 76.8% 22.91
FY2020 53.8% (20.35)
FY2019 74.2% (5.64)
FY2018 79.8% 0.89
FY2017 78.9% 16.64
FY2016 62.3% 8.80

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 77.0% (3.88)
Jun 2026 80.9% 8.23
Mar 2026 72.6% (1.58)
Dec 2025 74.2% (5.92)
43 more quarters

Against its own ten years

Low 53.5% High 100.5%
Ten-year median 78.9%
Current reading's percentile 42

Operating margin against peers

Company Operating margin
MTG MGIC Investment Corporation 76.2%
NMIH NMI Holdings Inc compare 73.2%
ESNT Essent Group Ltd. compare 64.5%
RDN Radian Group Inc. compare 48.7%
AGO Assured Guaranty Ltd. compare 46.4%
AXS Axis Capital Holdings Limited compare 18.2%
FAF First American Financial Corporation compare 15.2%
FNF Fidelity National Financial, Inc. compare 12.9%
ACT Enact Holdings, Inc. compare 0.00%
Insurance Specialty industry median 15.2%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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