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Assured Guaranty vs Radian: revenue, profit, margins and growth compared

Assured Guaranty brought in $1.1B of revenue in fiscal 2025, Radian $1.2B in fiscal 2025. Revenue changed by +27.3% at Assured Guaranty and -0.8% at Radian on the year before, so Assured Guaranty grew faster. Assured Guaranty kept 45.3% of its revenue as net profit, Radian 48.7%.

Side by side, latest fiscal year

AGORDN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.1B$1.2B
Revenue growth+27.3%-0.8%
Net income$503M$582.6M
Net margin45.3%48.7%
Free cash flown/a$115.7M
Free cash flow marginn/a9.7%
Earnings per share (diluted)$10.26$4.14
Cash$419M$24.8M
Debt$1.7B$1.1B
Price to earnings6.88.0
Market value$3.1B$4.4B
Dividend yield1.96%3.09%
Rank by revenue in sector#184 of 444 · Finance#179 of 444 · Finance

Over the years

Revenue
AGO FY2018: $1BAGO FY2019: $963MAGO FY2020: $1.1BAGO FY2021: $848MAGO FY2022: $723MAGO FY2023: $1.4BAGO FY2024: $872MAGO FY2025: $1.1BRDN FY2018: $1.3BRDN FY2019: $1.5BRDN FY2020: $1.4BRDN FY2021: $1.3BRDN FY2022: $1.2BRDN FY2023: $1.2BRDN FY2024: $1.2BRDN FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
AGO $1.1BRDN $1.2B
Net income
AGO FY2018: $521MAGO FY2019: $402MAGO FY2020: $362MAGO FY2021: $389MAGO FY2022: $124MAGO FY2023: $739MAGO FY2024: $376MAGO FY2025: $503MRDN FY2018: $606MRDN FY2019: $672.3MRDN FY2020: $393.6MRDN FY2021: $600.7MRDN FY2022: $742.9MRDN FY2023: $603.1MRDN FY2024: $604.4MRDN FY2025: $582.6MFY18FY19FY20FY21FY22FY23FY24FY25
AGO $503MRDN $582.6M
Net margin
AGO FY2018: 52.0%AGO FY2019: 41.7%AGO FY2020: 32.5%AGO FY2021: 45.9%AGO FY2022: 17.2%AGO FY2023: 53.8%AGO FY2024: 43.1%AGO FY2025: 45.3%RDN FY2018: 47.6%RDN FY2019: 44.0%RDN FY2020: 27.4%RDN FY2021: 45.2%RDN FY2022: 62.4%RDN FY2023: 51.2%RDN FY2024: 50.1%RDN FY2025: 48.7%FY18FY19FY20FY21FY22FY23FY24FY25
AGO 45.3%RDN 48.7%
Revenue growth
AGO FY2019: -3.8%AGO FY2020: +15.8%AGO FY2021: -23.9%AGO FY2022: -14.7%AGO FY2023: +89.9%AGO FY2024: -36.5%AGO FY2025: +27.3%RDN FY2019: +19.9%RDN FY2020: -5.8%RDN FY2021: -7.6%RDN FY2022: -10.5%RDN FY2023: -1.1%RDN FY2024: +2.5%RDN FY2025: -0.8%FY19FY20FY21FY22FY23FY24FY25
AGO +27.3%RDN -0.8%
Free cash flow
RDN FY2021: $544.5MRDN FY2022: $370.6MRDN FY2023: $520.9MRDN FY2024: -$665.1MRDN FY2025: $115.7MFY21FY22FY23FY24FY25
AGORDN $115.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Assured Guaranty and Radian

Which is bigger by revenue, Assured Guaranty or Radian?

Radian is bigger by revenue: $1.2B in fiscal 2025, against $1.1B for Assured Guaranty in fiscal 2025.

Which keeps more of its revenue as profit, Assured Guaranty or Radian?

Assured Guaranty had a net margin of 45.3% in fiscal 2025; Radian had 48.7% in fiscal 2025.

Which grew revenue faster, Assured Guaranty or Radian?

In their latest fiscal years revenue changed by +27.3% at Assured Guaranty and -0.8% at Radian.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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