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Mgic Investment vs Old Republic International: revenue, profit, margins and growth compared

Mgic Investment brought in $1.2B of revenue in fiscal 2025, Old Republic International $9.1B in fiscal 2025. Revenue changed by +0.5% at Mgic Investment and +11.0% at Old Republic International on the year before, so Old Republic International grew faster. Mgic Investment kept 60.8% of its revenue as net profit, Old Republic International 10.2%.

Side by side, latest fiscal year

MTGORI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.2B$9.1B
Revenue growth+0.5%+11.0%
Net income$738.3M$935.4M
Net margin60.8%10.2%
Free cash flow$851.8Mn/a
Free cash flow margin70.2%n/a
Earnings per share (diluted)$3.14$3.72
Cash$369M$263.2M
Debtn/a$1.6B
Price to earnings9.110.2
Market value$5.8B$9.1B
Dividend yieldn/a9.70%
Rank by revenue in sector#177 of 444 · Finance#63 of 444 · Finance

Over the years

Revenue
MTG FY2018: $1.1BMTG FY2019: $1.2BMTG FY2020: $1.2BMTG FY2021: $1.2BMTG FY2022: $1.2BMTG FY2023: $1.2BMTG FY2024: $1.2BMTG FY2025: $1.2BORI FY2018: $6.3BORI FY2019: $7.5BORI FY2020: $7.2BORI FY2021: $9.3BORI FY2022: $8.1BORI FY2023: $7.3BORI FY2024: $8.2BORI FY2025: $9.1BFY18FY19FY20FY21FY22FY23FY24FY25
MTG $1.2BORI $9.1B
Net income
MTG FY2018: $670.1MMTG FY2019: $673.8MMTG FY2020: $446.1MMTG FY2021: $635MMTG FY2022: $865.3MMTG FY2023: $712.9MMTG FY2024: $763MMTG FY2025: $738.3MORI FY2018: $370.5MORI FY2019: $1.1BORI FY2020: $558.6MORI FY2021: $1.5BORI FY2022: $686.4MORI FY2023: $598.6MORI FY2024: $852.7MORI FY2025: $935.4MFY18FY19FY20FY21FY22FY23FY24FY25
MTG $738.3MORI $935.4M
Net margin
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%ORI FY2018: 5.9%ORI FY2019: 14.2%ORI FY2020: 7.8%ORI FY2021: 16.4%ORI FY2022: 8.5%ORI FY2023: 8.2%ORI FY2024: 10.4%ORI FY2025: 10.2%FY18FY19FY20FY21FY22FY23FY24FY25
MTG 60.8%ORI 10.2%
Revenue growth
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%ORI FY2019: +19.2%ORI FY2020: -3.9%ORI FY2021: +30.4%ORI FY2022: -13.5%ORI FY2023: -10.2%ORI FY2024: +13.4%ORI FY2025: +11.0%FY19FY20FY21FY22FY23FY24FY25
MTG +0.5%ORI +11.0%
Free cash flow
MTG FY2018: $530.3MMTG FY2019: $603.9MMTG FY2020: $729MMTG FY2021: $692.2MMTG FY2022: $646.8MMTG FY2023: $711MMTG FY2024: $723.9MMTG FY2025: $851.8MFY18FY19FY20FY21FY22FY23FY24FY25
MTG $851.8MORI

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

Questions about Mgic Investment and Old Republic International

Which is bigger by revenue, Mgic Investment or Old Republic International?

Old Republic International is bigger by revenue: $9.1B in fiscal 2025, against $1.2B for Mgic Investment in fiscal 2025.

Which keeps more of its revenue as profit, Mgic Investment or Old Republic International?

Mgic Investment had a net margin of 60.8% in fiscal 2025; Old Republic International had 10.2% in fiscal 2025.

Which grew revenue faster, Mgic Investment or Old Republic International?

In their latest fiscal years revenue changed by +0.5% at Mgic Investment and +11.0% at Old Republic International.

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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