MGIC
Magic Software Enterprises Ltd
NASDAQ: MGIC · TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES
$17.38
+0.00% today
Updated 2026-04-29
Market cap
$853.35M
P/E ratio
21.20
P/S ratio
1.42x
EPS (TTM)
$0.82
Dividend yield
5.81%
52W range
$13 – $28
Volume
0.1M
Magic Software Enterprises Ltd (MGIC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.99M | $61.73M | $58.43M | $61.98M | $55.35M | $88.58M | $113.33M | $126.38M | $144.96M | $164.30M | $176.03M | $201.65M | $257.99M | $284.38M | $325.63M | $371.19M | $480.32M | $566.79M | $535.05M | $552.52M |
| Revenue growth (YoY) | — | +1.2% | -5.3% | +6.1% | -10.7% | +60.0% | +27.9% | +11.5% | +14.7% | +13.3% | +7.1% | +14.6% | +27.9% | +10.2% | +14.5% | +14.0% | +29.4% | +18.0% | -5.6% | +3.3% |
| Cost of revenue | $26.68M | $28.72M | $27.34M | $27.14M | $26.26M | $51.45M | $67.26M | $73.39M | $85.89M | $99.73M | $113.22M | $133.28M | $175.16M | $195.56M | $223.50M | $261.60M | $347.33M | $411.44M | $382.06M | $394.69M |
| Gross profit | $34.31M | $33.01M | $31.09M | $34.84M | $29.09M | $37.13M | $46.07M | $52.99M | $59.06M | $64.58M | $62.81M | $68.36M | $82.83M | $88.82M | $102.13M | $109.59M | $132.99M | $155.35M | $152.99M | $157.18M |
| Gross margin | 56.3% | 53.5% | 53.2% | 56.2% | 52.5% | 41.9% | 40.7% | 41.9% | 40.7% | 39.3% | 35.7% | 33.9% | 32.1% | 31.2% | 31.4% | 29.5% | 27.7% | 27.4% | 28.6% | 28.4% |
| R&D | $3.73M | $3.94M | $2.72M | $2.35M | $1.31M | $2.07M | $2.05M | $2.95M | $3.71M | $4.75M | $4.89M | $5.84M | $6.94M | $5.70M | $8.24M | $8.79M | $8.99M | $10.09M | $10.33M | $13.31M |
| SG&A | $34.84M | $32.35M | $27.09M | $10.87M | $8.21M | $8.19M | $9.16M | $10.64M | $13.17M | $14.52M | $13.43M | $17.56M | $22.84M | $24.23M | $29.78M | $27.97M | $58.28M | $70.97M | $71.77M | $42.01M |
| Operating income | $-4.26M | $-6.71M | $1.28M | $4.27M | $4.26M | $9.34M | $14.72M | $16.41M | $19.13M | $20.73M | $21.43M | $20.86M | $25.96M | $31.70M | $33.65M | $40.59M | $51.23M | $61.38M | $57.11M | $61.24M |
| Operating margin | -7.0% | -10.9% | 2.2% | 6.9% | 7.7% | 10.5% | 13.0% | 13.0% | 13.2% | 12.6% | 12.2% | 10.3% | 10.1% | 11.1% | 10.3% | 10.9% | 10.7% | 10.8% | 10.7% | 11.1% |
| EBITDA | $-942000.00 | $682000.00 | $5.14M | $7.88M | $10.59M | $13.89M | $20.10M | $23.85M | $27.51M | $27.84M | $31.32M | $32.70M | $39.57M | $45.40M | $46.87M | $55.62M | $74.47M | $82.20M | $82.27M | $82.06M |
| EBITDA margin | -1.5% | 1.1% | 8.8% | 12.7% | 19.1% | 15.7% | 17.7% | 18.9% | 19.0% | 16.9% | 17.8% | 16.2% | 15.3% | 16.0% | 14.4% | 15.0% | 15.5% | 14.5% | 15.4% | 14.9% |
| EBIT | $-5.55M | $-4.55M | $1.34M | $4.27M | $6.03M | $9.34M | $15.06M | $16.41M | $19.13M | $19.18M | $21.43M | $21.09M | $25.96M | $32.83M | $32.85M | $41.68M | $54.63M | $62.41M | $61.72M | $61.24M |
| Interest expense | $0.00 | $0.00 | $0.00 | $485000.00 | $0.00 | $173000.00 | $112000.00 | $28000.00 | $577000.00 | $308000.00 | $64000.00 | $456000.00 | $1.19M | $990000.00 | $374000.00 | $614000.00 | $3.80M | $2.43M | $9.23M | $6.74M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-4.61M | $-5.01M | $12.61M | $4.51M | $6.18M | $9.38M | $15.04M | $16.18M | $15.88M | $15.40M | $16.20M | $14.17M | $15.44M | $19.88M | $20.27M | $25.19M | $29.77M | $40.47M | $37.03M | $36.88M |
| Net income growth (YoY) | — | -8.7% | +351.9% | -64.2% | +37.0% | +51.8% | +60.5% | +7.6% | -1.9% | -3.0% | +5.2% | -12.5% | +9.0% | +28.8% | +1.9% | +24.3% | +18.2% | +36.0% | -8.5% | -0.4% |
| Profit margin | -7.6% | -8.1% | 21.6% | 7.3% | 11.2% | 10.6% | 13.3% | 12.8% | 11.0% | 9.4% | 9.2% | 7.0% | 6.0% | 7.0% | 6.2% | 6.8% | 6.2% | 7.1% | 6.9% | 6.7% |