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Financials · MTG

MGIC Investment Corporation (MTG) financials

For the twelve months ended Sep 30, 2026, MGIC Investment Corporation reported $1.19B of revenue and $691.73M of net income.

Revenue, TTM
$1.19B
Revenue growth, YoY
-2.2%
Net income, TTM
$691.73M
Net income growth, YoY
-8.2%
Net margin
58.1%
Free cash flow, TTM
$707.70M
EPS, diluted, TTM
$3.22
EPS growth, YoY
+3.9%
Cash
$215.38M
P/E
8.20
P/S
4.76
Market cap
$5.67B
Annual revenue$1.21B
FY2016FY2025
Annual net income$738.35M
FY2016FY2025
Annual free cash flow$851.77M
FY2016FY2025

MTG revenue and earnings growth

MTG revenueQ3 2026$299.08M

Quarter YoY
-1.8%
QoQ
+1.2%
FY YoY
+0.5%
5Y CAGR
+0.2%
10Y CAGR
+1.5%

MTG revenue was $299.08M in fiscal Q3 2026 (ended Sep 30, 2026), down 1.8% from a year earlier and up 1.2% from the prior quarter. For the full fiscal 2025 it was $1.21B, up 0.5% from fiscal 2024. Compound annual growth was +0.2% over 5 years and +1.5% over 10 years. It rose in 6 of the last 10 fiscal years.

MTG net incomeQ3 2026$174.97M

Quarter YoY
-8.4%
QoQ
-3.9%
FY YoY
-3.2%
5Y CAGR
+10.6%
10Y CAGR
-4.5%

MTG net income was $174.97M in fiscal Q3 2026 (ended Sep 30, 2026), down 8.4% from a year earlier and down 3.9% from the prior quarter. For the full fiscal 2025 it was $738.35M, down 3.2% from fiscal 2024. Compound annual growth was +10.6% over 5 years and -4.5% over 10 years. It rose in 6 of the last 10 fiscal years.

MTG EPSQ3 2026$0.85

Quarter YoY
+2.4%
QoQ
-1.2%
FY YoY
+8.7%
5Y CAGR
+19.5%
10Y CAGR
+1.9%

MTG diluted EPS was $0.85 in fiscal Q3 2026 (ended Sep 30, 2026), up 2.4% from a year earlier and down 1.2% from the prior quarter. For the full fiscal 2025 it was $3.14, up 8.7% from fiscal 2024. Compound annual growth was +19.5% over 5 years and +1.9% over 10 years.

MTG free cash flowQ3 2026$216.34M

Quarter YoY
+0.6%
QoQ
+17.3%
FY YoY
+17.7%
5Y CAGR
+3.2%
10Y CAGR
+18.4%

MTG free cash flow was $216.34M in fiscal Q3 2026 (ended Sep 30, 2026), up 0.6% from a year earlier and up 17.3% from the prior quarter. For the full fiscal 2025 it was $851.77M, up 17.7% from fiscal 2024. Compound annual growth was +3.2% over 5 years and +18.4% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$1.21B$1.21B$1.16B$1.17B$1.19B$1.20B$1.21B$1.12B$1.07B$1.06B
Pre-tax income$928.54M$968.71M$902.23M$1.09B$801.78M$559.26M$847.98M$844.15M$784.50M$514.71M
Income tax$190.19M$205.72M$189.28M$224.69M$166.79M$113.17M$174.21M$174.05M$428.74M$172.20M
Net income$738.35M$762.99M$712.95M$865.35M$634.98M$446.09M$673.76M$670.10M$355.76M$342.52M
EPS, basic$3.17$2.92$2.51$2.83$1.90$1.31$1.91$1.83$0.98$1.00
EPS, diluted$3.14$2.89$2.49$2.79$1.85$1.29$1.85$1.78$0.95$0.86
Diluted shares235.1M264.0M287.2M311.2M351.3M359.3M373.9M386.1M394.8M432.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$368.99M$234.63M$370.64M$332.91M$304.96M$296.68M$169.06M$155.04M$99.85M$155.41M
Short-term investments---$67.00M------
Total assets$6.64B$6.55B$6.54B$6.21B$7.33B$7.35B$6.23B$5.68B$5.62B$5.73B
Total debt--$643.20M$662.81M$1.15B$1.24B$832.80M$831.60M$830.40M$1.18B
Total liabilities$1.49B$1.37B$1.47B$1.57B$2.46B$2.66B$1.92B$2.10B$2.46B$3.19B
Shareholders' equity$5.15B$5.17B$5.07B$4.64B$4.86B$4.70B$4.31B$3.58B$3.15B$2.55B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$852.80M$725.03M$712.96M$650.01M$696.32M$732.31M$609.53M$544.52M$406.66M$224.76M
Capital expenditures$1.02M$1.17M$2.00M$3.25M$4.12M$3.31M$5.64M$14.24M$16.07M$10.55M
Free cash flow$851.77M$723.86M$710.96M$646.76M$692.20M$729.00M$603.90M$530.28M$390.59M$214.21M
Investing cash flow$228.37M-$142.00M-$179.19M$410.49M-$160.75M-$772.51M-$422.11M-$317.78M-$303.64M-$93.39M
Financing cash flow-$940.28M-$719.04M-$496.04M-$1.03B-$527.29M$167.82M-$173.41M-$171.55M-$158.57M-$157.08M
Dividends paid$132.49M$130.50M$122.97M$110.95M$94.22M$82.06M$41.91M$0$0-
Share repurchases$788.64M$569.48M$337.18M$385.57M$290.82M$120.00M$125.77M$163.42M$0$147.13M
Stock-based compensation$24.43M$31.32M$31.61M$24.77M$17.11M$13.80M----
Depreciation and amortization$6.95M$18.44M$35.23M$54.25M$66.01M$57.81M$48.78M$58.22M$64.43M$61.34M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY0.5%4.6%-1.5%-1.1%-1.1%-1.2%8.0%5.4%0.3%2.0%
Net income growth, YoY-3.2%7.0%-17.6%36.3%42.3%-33.8%0.5%88.4%3.9%-70.8%
EPS growth, YoY8.7%16.1%-10.8%50.8%43.4%-30.3%3.9%87.4%10.5%-66.9%
Net margin60.8%63.2%61.7%73.8%53.6%37.2%55.5%59.6%33.4%32.2%
Free cash flow margin70.2%59.9%61.5%55.1%58.4%60.8%49.7%47.2%36.6%20.2%
Return on equity14.3%14.8%14.1%18.6%13.1%9.5%15.6%18.7%11.3%13.4%
Return on assets11.1%11.7%10.9%13.9%8.7%6.1%10.8%11.8%6.3%6.0%
Debt to equity--0.130.140.240.260.190.230.260.46

Source: XBRL data MGIC Investment Corporation files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MTG peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MTG$1.19B-2.2%$691.73M58.1%$5.67B
CB$61.85B+5.7%$11.23B18.2%$138.87B
PGR$91.73B+7.7%$11.62B12.7%$131.82B
TRV$48.92B+1.1%$8.33B17.0%$80.99B
ALL$70.23B+5.1%$11.61B16.5%$62.80B
AIG$27.73B+1.2%$3.29B11.9%$41.28B
HIG$29.87B+9.2%$4.61B15.4%$36.06B
ACGL$18.78B-3.9%$4.38B23.3%$35.20B
CINF$13.28B+9.9%$2.66B20.1%$28.58B

MTG FAQ

8 questions
  • What is MTG revenue?
    MGIC Investment Corporation (MTG) reported $1.19B of revenue for the twelve months ended Sep 30, 2026. That is down 2.2% from the year before. Revenue for fiscal 2025 was $1.21B.
  • Is MTG profitable?
    Yes. MGIC Investment Corporation earned $691.73M in net income for the twelve months ended Sep 30, 2026, a net margin of 58.1%.
  • How much cash and debt does MTG have?
    MGIC Investment Corporation reported $215.38M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is MTG revenue growing?
    MGIC Investment Corporation's revenue changed +0.5% in fiscal 2025, to $1.21B. Its compound annual growth rate was +0.2% over 5 years and +1.5% over 10 years.
  • What is MTG free cash flow?
    MGIC Investment Corporation generated $707.70M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $709.06M less capital expenditures.
  • What is MTG earnings per share?
    Diluted earnings per share were $3.22 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did MTG last report financial results?
    The latest statements here come from MGIC Investment Corporation's 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this MTG financial data come from?
    Quantisnow builds these statements from the structured XBRL data MGIC Investment Corporation files with the SEC. It is provided for information only and is not investment advice.