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Mbia vs Radian: revenue, profit, margins and growth compared

Mbia brought in $80M of revenue in fiscal 2025, Radian $1.2B in fiscal 2025. Revenue changed by +90.5% at Mbia and -0.8% at Radian on the year before, so Mbia grew faster. Mbia kept -221.3% of its revenue as net profit, Radian 48.7%.

Side by side, latest fiscal year

MBIRDN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$80M$1.2B
Revenue growth+90.5%-0.8%
Net income-$177M$582.6M
Net margin-221.3%48.7%
Free cash flown/a$115.7M
Free cash flow marginn/a9.7%
Earnings per share (diluted)-$3.58$4.14
Cash$71M$24.8M
Debtn/a$1.1B
Price to earningsn/a8.0
Market value$224M$4.4B
Dividend yieldn/a3.09%
Rank by revenue in sector#335 of 444 · Finance#179 of 444 · Finance

Over the years

Revenue
MBI FY2018: $317MMBI FY2019: $280MMBI FY2020: $282MMBI FY2021: $189MMBI FY2022: $154MMBI FY2023: $7MMBI FY2024: $42MMBI FY2025: $80MRDN FY2018: $1.3BRDN FY2019: $1.5BRDN FY2020: $1.4BRDN FY2021: $1.3BRDN FY2022: $1.2BRDN FY2023: $1.2BRDN FY2024: $1.2BRDN FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
MBI $80MRDN $1.2B
Net income
MBI FY2018: -$296MMBI FY2019: -$359MMBI FY2020: -$578MMBI FY2021: -$445MMBI FY2022: -$195MMBI FY2023: $477MMBI FY2024: $435MMBI FY2025: -$177MRDN FY2018: $606MRDN FY2019: $672.3MRDN FY2020: $393.6MRDN FY2021: $600.7MRDN FY2022: $742.9MRDN FY2023: $603.1MRDN FY2024: $604.4MRDN FY2025: $582.6MFY18FY19FY20FY21FY22FY23FY24FY25
MBI -$177MRDN $582.6M
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%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
MBI -221.3%RDN 48.7%
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%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
MBI +90.5%RDN -0.8%
Free cash flow
MBI FY2018: -$320MMBI FY2019: -$368MMBI FY2020: -$390MMBI FY2021: $510MMBI FY2022: -$418MMBI FY2023: -$195MRDN FY2021: $544.5MRDN FY2022: $370.6MRDN FY2023: $520.9MRDN FY2024: -$665.1MRDN FY2025: $115.7MFY18FY19FY20FY21FY22FY23FY24FY25
MBI -$195MRDN $115.7M

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

Questions about Mbia and Radian

Which is bigger by revenue, Mbia or Radian?

Radian 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 Radian?

Mbia had a net margin of -221.3% in fiscal 2025; Radian had 48.7% in fiscal 2025.

Which grew revenue faster, Mbia or Radian?

In their latest fiscal years revenue changed by +90.5% at Mbia 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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