MTG
MGIC Investment Corp
NYSE: MTG · FINANCIAL SERVICES · INSURANCE - SPECIALTY
$29.13
+0.52% today
Updated 2026-04-29
Market cap
$6.31B
P/E ratio
9.28
P/S ratio
5.20x
EPS (TTM)
$3.14
Dividend yield
1.93%
52W range
$24 – $30
Volume
1.9M
MGIC Investment Corp (MTG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.47B | $1.69B | $1.72B | $1.71B | $1.52B | $1.50B | $1.38B | $1.04B | $942.63M | $1.04B | $1.06B | $1.07B | $1.12B | $1.21B | $1.20B | $1.19B | $1.17B | $1.16B | $1.21B | $1.21B |
| Revenue growth (YoY) | — | +15.2% | +1.7% | -0.8% | -11.0% | -1.1% | -8.4% | -24.6% | -9.3% | +10.5% | +2.0% | +0.3% | +5.4% | +8.0% | -1.2% | -1.1% | -1.1% | -1.5% | +4.6% | +0.5% |
| Cost of revenue | $904.49M | $3.89B | $3.83B | $3.41B | $1.56B | $1.68B | $2.01B | $824.05M | $478.99M | $328.58M | $249.80M | $64.82M | $48.49M | $130.58M | $377.15M | $77.18M | $-242.20M | $226.00M | $-5.90M | $61.91M |
| Gross profit | $564.68M | $-2.19B | $-2.11B | $-1.70B | $-42.73M | $-173.16M | $-635.30M | $215.39M | $463.65M | $712.70M | $812.68M | $1.00B | $1.08B | $1.08B | $821.99M | $1.11B | $1.41B | $1.16B | $1.21B | $1.15B |
| Gross margin | 38.4% | -129.5% | -122.5% | -99.3% | -2.8% | -11.5% | -46.1% | 20.7% | 49.2% | 68.4% | 76.5% | 93.9% | 95.7% | 89.2% | 68.5% | 93.5% | 120.7% | 100.0% | 100.5% | 94.9% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | $47.00M |
| Operating income | $525.33M | $-2.23B | $-947.64M | $-1.77B | $-359.40M | $-484.30M | $-928.64M | $-46.15M | $254.72M | $487.69M | $514.71M | $784.50M | $844.15M | $847.98M | $559.26M | $801.78M | $1.09B | $902.23M | $968.71M | $928.54M |
| Operating margin | 35.8% | -132.0% | -55.0% | -103.3% | -23.6% | -32.2% | -67.4% | -4.4% | 27.0% | 46.8% | 48.4% | 73.6% | 75.1% | 69.9% | 46.6% | 67.6% | 92.9% | 78.1% | 80.2% | 76.5% |
| EBITDA | $586.99M | $-2.17B | $-832.88M | $-1.62B | $-199.93M | $-296.20M | $-729.16M | $102.71M | $373.23M | $609.18M | $632.73M | $905.96M | $955.36M | $949.42M | $676.67M | $939.15M | $1.19B | $902.23M | $1.02B | $971.09M |
| EBITDA margin | 40.0% | -128.0% | -48.4% | -94.6% | -13.1% | -19.7% | -52.9% | 9.9% | 39.6% | 58.5% | 59.6% | 85.0% | 85.0% | 78.2% | 56.4% | 79.2% | 101.7% | 78.1% | 84.7% | 80.0% |
| EBIT | $564.68M | $-2.19B | $-866.57M | $-1.68B | $-260.81M | $-381.03M | $-829.30M | $33.51M | $324.37M | $556.62M | $571.39M | $841.53M | $897.14M | $900.63M | $618.86M | $873.14M | $1.14B | $902.23M | $1.00B | $964.14M |
| Interest expense | $39.35M | $41.99M | $81.07M | $89.27M | $98.59M | $103.27M | $99.34M | $79.66M | $69.65M | $68.93M | $56.67M | $57.03M | $52.99M | $52.66M | $59.59M | $71.36M | $48.05M | $36.91M | $35.60M | $34.50M |
| 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 | $564.74M | $-1.67B | $-525.36M | $-1.32B | $-363.74M | $-485.89M | $-927.08M | $-49.85M | $251.95M | $1.17B | $342.52M | $355.76M | $670.10M | $673.76M | $446.09M | $634.98M | $865.35M | $712.95M | $762.99M | $738.35M |
| Net income growth (YoY) | — | -395.7% | +68.5% | -151.7% | +72.5% | -33.6% | -90.8% | +94.6% | +605.4% | +365.2% | -70.8% | +3.9% | +88.4% | +0.5% | -33.8% | +42.3% | +36.3% | -17.6% | +7.0% | -3.2% |
| Profit margin | 38.4% | -98.6% | -30.5% | -77.4% | -23.9% | -32.3% | -67.3% | -4.8% | 26.7% | 112.6% | 32.2% | 33.4% | 59.6% | 55.5% | 37.2% | 53.6% | 73.8% | 61.7% | 63.2% | 60.8% |