Mgic Investment Corp (MTG) Financial Statements
Industry: Surety Insurance
In fiscal 2025, Mgic Investment reported revenue of $1.21B, up 0.5% from $1.21B the year before. Net income was $738.3M (a 60.8% net margin), or $3.14 per diluted share. Gross margin was 96.0% and operating margin was 96.0%. Operating activities generated $852.8M of cash, leaving $851.8M of free cash flow. At fiscal year end, Mgic Investment held $6.64B in total assets against $1.49B in total liabilities, including $369.0M of cash and equivalents.
Open the full interactive Mgic Investment financials → Quarterly statements, key ratios, valuation history and price charts.
Mgic Investment Key Stats
| Share Price | $27.12 |
|---|---|
| Market Cap | $5.72B |
| P/E Ratio | 8.6 |
| Revenue YoY Growth | +0.5% |
| 52-Week Range | $24.72 – $31.47 |
| Shares Outstanding | 209.9 million (basic, 2026 Q2) |
Mgic Investment Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.19B | $1.17B | $1.16B | $1.21B | $1.21B |
| Cost of Goods Sold | $0 | $0 | -$254.6M | -$20.9M | -$14.9M | $48.9M |
| Gross Profit | $1.20B | $1.19B | $1.43B | $1.18B | $1.22B | $1.16B |
| Operating Income | $1.20B | $1.19B | $1.43B | $1.18B | $1.22B | $1.16B |
| Pre-Tax Income | $559.3M | $801.8M | $1.09B | $902.2M | $968.7M | $928.5M |
| Income Tax | $113.2M | $166.8M | $224.7M | $189.3M | $205.7M | $190.2M |
| Net Income | $446.1M | $635.0M | $865.3M | $712.9M | $763.0M | $738.3M |
| Diluted EPS | $1.29 | $1.85 | $2.79 | $2.49 | $2.89 | $3.14 |
Mgic Investment Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $304.5M | $298.7M | $297.1M | $295.4M |
| Net Income | $191.1M | $169.3M | $165.3M | $182.1M |
| Diluted EPS | $0.83 | $0.72 | $0.76 | $0.86 |
Mgic Investment Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $288.0M | $284.7M | $327.4M | $363.7M | $229.5M | $369.0M |
| Total Assets | $7.35B | $7.33B | $6.21B | $6.54B | $6.55B | $6.64B |
| Total Long-Term Debt | $1.24B | $1.15B | $662.8M | $643.2M | $644.7M | $646.1M |
| Total Liabilities | $2.66B | $2.46B | $1.57B | $1.47B | $1.37B | $1.49B |
| Shareholders' Equity | $4.70B | $4.86B | $4.64B | $5.07B | $5.17B | $5.15B |
Mgic Investment Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $732.3M | $696.3M | $650.0M | $713.0M | $725.0M | $852.8M |
| Cash From Investing | -$772.5M | -$160.7M | $410.5M | -$179.2M | -$142.0M | $228.4M |
| Cash From Financing | $167.8M | -$527.3M | -$1.03B | -$496.0M | -$719.0M | -$940.3M |
| Free Cash Flow | $729.0M | $692.2M | $646.8M | $711.0M | $723.9M | $851.8M |
Figures from Mgic Investment's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mgic Investment financials page for every line item.
Mgic Investment Company Profile
| Ticker | MTG |
|---|---|
| Exchange | NYSE |
| Industry | Surety Insurance |
| Headquarters | Milwaukee, Wisconsin |
| Incorporated in | Wisconsin |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000876437 |
Frequently Asked Questions
What was Mgic Investment's revenue in fiscal 2025?
Mgic Investment (MTG) reported revenue of $1.21B for fiscal 2025.
What is Mgic Investment's annual revenue history?
Mgic Investment's annual revenue by fiscal year: 2020: $1.20B; 2021: $1.19B; 2022: $1.17B; 2023: $1.16B; 2024: $1.21B; 2025: $1.21B.
What was Mgic Investment's net income in fiscal 2025?
Mgic Investment reported net income of $738.3M for fiscal 2025.
What was Mgic Investment's earnings per share (EPS) in fiscal 2025?
Mgic Investment's diluted EPS was $3.14 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Mgic Investment generate in fiscal 2025?
Mgic Investment generated $851.8M of free cash flow in fiscal 2025.
What was Mgic Investment's revenue last quarter?
In its most recent reported quarter (2026 Q2), Mgic Investment reported revenue of $295.4M.
How much debt does Mgic Investment have?
Mgic Investment reported $646.1M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Mgic Investment are outstanding?
Mgic Investment reported a weighted average of 209.9 million basic shares outstanding in 2026 Q2.
What is Mgic Investment's market cap?
Based on its latest closing price, Mgic Investment (MTG) has a market capitalization of about $5.72B.
When does Mgic Investment's fiscal year end?
Mgic Investment's fiscal year end, as registered with the SEC, is December 31.
Where is Mgic Investment headquartered?
Mgic Investment lists its business address in Milwaukee, Wisconsin in its SEC filings.