MGIC Investment Corporation (MTG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 297.08M | 298.65M | 304.5M | 304.25M | 306.23M | 301.44M | 306.65M | 305.28M | 294.36M | 283.96M | 296.5M | 290.68M | 283.96M | 292.25M | 292.8M | 293.12M | 294.62M | 294.12M | 295.75M | 297.85M |
| Revenue Growth % | -2.99% | -0.93% | -0.7% | -0.34% | 4.03% | 6.16% | 3.42% | 5.02% | 3.66% | -2.84% | 1.27% | -0.83% | -3.62% | -0.63% | -1% | -1.59% | -1.12% | -2.7% | -0.09% | 1.32% |
| Medical Costs & Claims | 34.47M | 31.22M | 12.76M | -1.1M | 11.25M | 11.17M | -7.52M | -16.12M | 6.56M | -6.6M | 2.73M | -15.08M | 8.92M | -27.67M | -101.88M | -96.08M | -16.57M | -21.4M | 24.06M | 32.19M |
| Medical Cost Ratio % | 11.6% | 10.45% | 4.19% | -0.36% | 3.67% | 3.71% | -2.45% | -5.28% | 2.23% | -2.33% | 0.92% | -5.19% | 3.14% | -9.47% | -34.79% | -32.78% | -5.63% | -7.28% | 8.14% | 10.81% |
| Gross Profit | 262.61M | 267.43M | 291.75M | 305.34M | 294.99M | 290.27M | 314.17M | 321.4M | 287.8M | 290.56M | 293.78M | 305.76M | 275.04M | 319.93M | 394.67M | 389.19M | 311.19M | 315.52M | 271.69M | 265.66M |
| Gross Margin % | 88.4% | 89.55% | 95.81% | 100.36% | 96.33% | 96.29% | 102.45% | 105.28% | 97.77% | 102.33% | 99.08% | 105.19% | 96.86% | 109.47% | 134.79% | 132.78% | 105.63% | 107.28% | 91.86% | 89.19% |
| Gross Profit Growth % | -10.98% | -7.87% | -7.14% | -5% | 2.5% | -0.1% | 6.94% | 5.12% | 4.64% | -9.18% | -25.56% | -21.44% | -11.62% | 1.4% | 45.27% | 46.5% | 21.74% | 24.79% | 7.79% | 260.54% |
| Operating Expenses | 48.11M | 54.73M | 56.69M | 59.25M | 60.3M | 55.56M | 59.87M | 61.57M | 67.92M | 60.71M | 59.38M | 63.38M | 79.44M | 79.49M | 80.41M | 73.3M | 91.75M | 96.96M | 71.95M | 71.8M |
| OpEx / Revenue % | 16.19% | 18.32% | 18.62% | 19.48% | 19.69% | 18.43% | 19.52% | 20.17% | 23.07% | 21.38% | 20.03% | 21.8% | 27.97% | 27.2% | 27.46% | 25.01% | 31.14% | 32.97% | 24.33% | 24.1% |
| Depreciation & Amortization | 0 | 821K | 900K | 2.53M | 2.69M | 4.03M | 3.43M | 4.48M | 6.49M | 6.23M | 9.63M | 9.18M | 10.19M | 11.43M | 13.3M | 14.13M | 15.39M | 16.19M | 17.35M | 15.05M |
| Combined Ratio % | 27.8% | 28.78% | 22.81% | 19.11% | 23.37% | 22.14% | 17.07% | 14.89% | 25.3% | 19.06% | 20.95% | 16.61% | 31.12% | 17.73% | -7.33% | -7.77% | 25.52% | 25.69% | 32.47% | 34.91% |
| Operating Income | 214.5M | 212.71M | 235.06M | 246.09M | 234.68M | 234.71M | 254.3M | 259.82M | 219.88M | 229.85M | 234.4M | 242.38M | 195.6M | 240.44M | 314.27M | 315.89M | 219.44M | 218.56M | 199.73M | 193.87M |
| Operating Margin % | 72.2% | 71.22% | 77.19% | 80.89% | 76.63% | 77.86% | 82.93% | 85.11% | 74.7% | 80.94% | 79.05% | 83.39% | 68.88% | 82.27% | 107.33% | 107.77% | 74.48% | 74.31% | 67.53% | 65.09% |
| Operating Income Growth % | -8.6% | -9.37% | -7.56% | -5.29% | 6.73% | 2.11% | 8.49% | 7.2% | 12.41% | -4.4% | -25.41% | -23.27% | -10.86% | 10.01% | 57.34% | 62.94% | 15.73% | 14.9% | 21.54% | 1076.17% |
| EBITDA | 214.5M | 213.53M | 235.96M | 248.62M | 237.38M | 238.74M | 257.73M | 264.31M | 226.37M | 236.07M | 244.03M | 251.56M | 205.8M | 251.86M | 327.57M | 330.02M | 234.83M | 234.75M | 217.08M | 208.92M |
| EBITDA Margin % | 72.2% | 71.5% | 77.49% | 81.72% | 77.51% | 79.2% | 84.05% | 86.58% | 76.9% | 83.14% | 82.3% | 86.54% | 72.47% | 86.18% | 111.88% | 112.59% | 79.71% | 79.82% | 73.4% | 70.14% |
| Interest Expense | 8.9M | 7.8M | 8.91M | 8.9M | 8.9M | 8.9M | 8.9M | 8.9M | 8.9M | 8.9M | 9.25M | 9.38M | 9.37M | 9.38M | 10.3M | 13.46M | 14.91M | 17.37M | 18.01M | 18M |
| Non-Operating Income | 0 | -8.9M | -8.91M | -8.9M | -8.9M | -8.9M | -8.9M | -8.9M | -8.9M | -8.9M | -9.25M | -9.38M | -9.37M | -9.38M | -10.3M | -13.46M | -14.91M | -17.37M | -18.01M | -18M |
| Pretax Income | 206.83M | 212.71M | 235.06M | 246.09M | 234.68M | 234.71M | 254.3M | 259.82M | 219.88M | 229.85M | 234.4M | 242.38M | 195.6M | 240.44M | 314.27M | 315.89M | 219.44M | 218.56M | 199.73M | 193.87M |
| Pretax Margin % | 69.62% | 71.22% | 77.19% | 80.89% | 76.63% | 77.86% | 82.93% | 85.11% | 74.7% | 80.94% | 79.05% | 83.39% | 68.88% | 82.27% | 107.33% | 107.77% | 74.48% | 74.31% | 67.53% | 65.09% |
| Income Tax | 41.52M | 43.4M | 43.97M | 53.61M | 49.22M | 50.01M | 54.33M | 55.6M | 45.78M | 45.34M | 51.55M | 51.33M | 41.06M | 48.99M | 64.64M | 66.62M | 44.43M | 44.63M | 41.76M | 40.82M |
| Effective Tax Rate % | 20.08% | 20.4% | 18.7% | 21.78% | 20.97% | 21.31% | 21.36% | 21.4% | 20.82% | 19.73% | 21.99% | 21.18% | 20.99% | 20.38% | 20.57% | 21.09% | 20.25% | 20.42% | 20.91% | 21.05% |
| Net Income | 165.3M | 169.31M | 191.09M | 192.48M | 185.46M | 184.7M | 199.97M | 204.23M | 174.1M | 184.5M | 182.84M | 191.05M | 154.55M | 191.44M | 249.63M | 249.27M | 175.01M | 173.93M | 157.98M | 153.05M |
| Net Margin % | 55.64% | 56.69% | 62.76% | 63.27% | 60.56% | 61.27% | 65.21% | 66.9% | 59.14% | 64.98% | 61.67% | 65.73% | 54.42% | 65.51% | 85.25% | 85.04% | 59.4% | 59.14% | 53.42% | 51.38% |
| Net Income Growth % | -10.87% | -8.33% | -4.44% | -5.75% | 6.53% | 0.11% | 9.37% | 6.9% | 12.65% | -3.62% | -26.75% | -23.35% | -11.69% | 10.07% | 58.01% | 62.87% | 16.66% | 14.86% | 20.77% | 989.56% |
| EPS (Diluted) | 0.76 | 0.75 | 0.83 | 0.81 | 0.75 | 0.72 | 0.77 | 0.77 | 0.64 | 0.66 | 0.64 | 0.66 | 0.52 | 0.64 | 0.81 | 0.79 | 0.54 | 0.52 | 0.46 | 0.44 |
| EPS Growth % | 1.33% | 4.17% | 7.79% | 5.19% | 17.19% | 9.09% | 20.31% | 16.67% | 23.08% | 3.13% | -20.99% | -16.46% | -3.7% | 23.08% | 76.09% | 79.55% | 25.58% | 18.18% | 21.05% | 1000% |
| EPS (Basic) | 0.76 | 0.75 | 0.83 | 0.81 | 0.76 | 0.73 | 0.77 | 0.77 | 0.64 | 0.67 | 0.65 | 0.67 | 0.53 | 0.65 | 0.82 | 0.81 | 0.55 | 0.52 | 0.47 | 0.45 |
| Diluted Shares Outstanding | 218.19M | 225.73M | 231.38M | 237.97M | 246.49M | 255.3M | 260.83M | 266.87M | 273.11M | 278.95M | 285.6M | 289.57M | 294.71M | 299.95M | 307.19M | 313.55M | 324.54M | 338.93M | 353.56M | 356.54M |