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Mbia vs Mgic Investment: revenue, profit, margins and growth compared

Mbia brought in $80M of revenue in fiscal 2025, Mgic Investment $1.2B in fiscal 2025. Revenue changed by +90.5% at Mbia and +0.5% at Mgic Investment on the year before, so Mbia grew faster. Mbia kept -221.3% of its revenue as net profit, Mgic Investment 60.8%.

Side by side, latest fiscal year

MBIMTG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$80M$1.2B
Revenue growth+90.5%+0.5%
Net income-$177M$738.3M
Net margin-221.3%60.8%
Free cash flown/a$851.8M
Free cash flow marginn/a70.2%
Earnings per share (diluted)-$3.58$3.14
Cash$71M$369M
Debtn/an/a
Price to earningsn/a9.1
Market value$224M$5.8B
Dividend yieldn/an/a
Rank by revenue in sector#335 of 444 · Finance#177 of 444 · Finance

Over the years

Revenue
MBI FY2018: $317MMBI FY2019: $280MMBI FY2020: $282MMBI FY2021: $189MMBI FY2022: $154MMBI FY2023: $7MMBI FY2024: $42MMBI FY2025: $80MMTG FY2018: $1.1BMTG FY2019: $1.2BMTG FY2020: $1.2BMTG FY2021: $1.2BMTG FY2022: $1.2BMTG FY2023: $1.2BMTG FY2024: $1.2BMTG FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
MBI $80MMTG $1.2B
Net income
MBI FY2018: -$296MMBI FY2019: -$359MMBI FY2020: -$578MMBI FY2021: -$445MMBI FY2022: -$195MMBI FY2023: $477MMBI FY2024: $435MMBI FY2025: -$177MMTG FY2018: $670.1MMTG FY2019: $673.8MMTG FY2020: $446.1MMTG FY2021: $635MMTG FY2022: $865.3MMTG FY2023: $712.9MMTG FY2024: $763MMTG FY2025: $738.3MFY18FY19FY20FY21FY22FY23FY24FY25
MBI -$177MMTG $738.3M
Net margin
MBI FY2018: -93.4%MBI FY2019: -128.2%MBI FY2020: -205.0%MBI FY2021: -235.4%MBI FY2022: -126.6%MBI FY2023: 6,814.3%MBI FY2024: 1,035.7%MBI FY2025: -221.3%MTG FY2018: 59.6%MTG FY2019: 55.5%MTG FY2020: 37.2%MTG FY2021: 53.6%MTG FY2022: 73.8%MTG FY2023: 61.7%MTG FY2024: 63.2%MTG FY2025: 60.8%FY18FY19FY20FY21FY22FY23FY24FY25
MBI -221.3%MTG 60.8%
Revenue growth
MBI FY2019: -11.7%MBI FY2020: +0.7%MBI FY2021: -33.0%MBI FY2022: -18.5%MBI FY2023: -95.5%MBI FY2024: +500.0%MBI FY2025: +90.5%MTG FY2019: +8.0%MTG FY2020: -1.2%MTG FY2021: -1.1%MTG FY2022: -1.1%MTG FY2023: -1.5%MTG FY2024: +4.6%MTG FY2025: +0.5%FY19FY20FY21FY22FY23FY24FY25
MBI +90.5%MTG +0.5%
Free cash flow
MBI FY2018: -$320MMBI FY2019: -$368MMBI FY2020: -$390MMBI FY2021: $510MMBI FY2022: -$418MMBI FY2023: -$195MMTG FY2018: $530.3MMTG FY2019: $603.9MMTG FY2020: $729MMTG FY2021: $692.2MMTG FY2022: $646.8MMTG FY2023: $711MMTG FY2024: $723.9MMTG FY2025: $851.8MFY18FY19FY20FY21FY22FY23FY24FY25
MBI -$195MMTG $851.8M

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

Questions about Mbia and Mgic Investment

Which is bigger by revenue, Mbia or Mgic Investment?

Mgic Investment is bigger by revenue: $1.2B in fiscal 2025, against $80M for Mbia in fiscal 2025.

Which keeps more of its revenue as profit, Mbia or Mgic Investment?

Mbia had a net margin of -221.3% in fiscal 2025; Mgic Investment had 60.8% in fiscal 2025.

Which grew revenue faster, Mbia or Mgic Investment?

In their latest fiscal years revenue changed by +90.5% at Mbia and +0.5% at Mgic Investment.

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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