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

Mgic Investment brought in $1.2B of revenue in fiscal 2025, Radian $1.2B in fiscal 2025. Revenue changed by +0.5% at Mgic Investment and -0.8% at Radian on the year before, so Mgic Investment grew faster. Mgic Investment kept 60.8% of its revenue as net profit, Radian 48.7%. Free cash flow was $851.8M at Mgic Investment and $115.7M at Radian.

Side by side, latest fiscal year

MTGRDN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.2B$1.2B
Revenue growth+0.5%-0.8%
Net income$738.3M$582.6M
Net margin60.8%48.7%
Free cash flow$851.8M$115.7M
Free cash flow margin70.2%9.7%
Earnings per share (diluted)$3.14$4.14
Cash$369M$24.8M
Debtn/a$1.1B
Price to earnings9.18.0
Market value$5.8B$4.4B
Dividend yieldn/a3.09%
Rank by revenue in sector#177 of 444 · Finance#179 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: $1.2BRDN FY2018: $1.3BRDN FY2019: $1.5BRDN FY2020: $1.4BRDN FY2021: $1.3BRDN FY2022: $1.2BRDN FY2023: $1.2BRDN FY2024: $1.2BRDN FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
MTG $1.2BRDN $1.2B
Net income
MTG FY2018: $670.1MMTG FY2019: $673.8MMTG FY2020: $446.1MMTG FY2021: $635MMTG FY2022: $865.3MMTG FY2023: $712.9MMTG FY2024: $763MMTG FY2025: $738.3MRDN FY2018: $606MRDN FY2019: $672.3MRDN FY2020: $393.6MRDN FY2021: $600.7MRDN FY2022: $742.9MRDN FY2023: $603.1MRDN FY2024: $604.4MRDN FY2025: $582.6MFY18FY19FY20FY21FY22FY23FY24FY25
MTG $738.3MRDN $582.6M
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%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
MTG 60.8%RDN 48.7%
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%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
MTG +0.5%RDN -0.8%
Free cash flow
MTG FY2018: $530.3MMTG FY2019: $603.9MMTG FY2020: $729MMTG FY2021: $692.2MMTG FY2022: $646.8MMTG FY2023: $711MMTG FY2024: $723.9MMTG FY2025: $851.8MRDN FY2021: $544.5MRDN FY2022: $370.6MRDN FY2023: $520.9MRDN FY2024: -$665.1MRDN FY2025: $115.7MFY18FY19FY20FY21FY22FY23FY24FY25
MTG $851.8MRDN $115.7M

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

Questions about Mgic Investment and Radian

Which is bigger by revenue, Mgic Investment or Radian?

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

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

Mgic Investment had a net margin of 60.8% in fiscal 2025; Radian had 48.7% in fiscal 2025.

Which grew revenue faster, Mgic Investment or Radian?

In their latest fiscal years revenue changed by +0.5% at Mgic Investment 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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