# Mgic Investment Corp: overview

MTG · NYSE · CIK 876437 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/mtg.md) · [Financials](/companies/mtg/financials.md) · [Filings](/companies/mtg/filings.md) · [Insiders](/companies/mtg/insiders.md)

Latest reported revenue: [$295.4m](/filings/0000876437-26-000028.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 29, 2026 (XBRL us-gaap:Revenues, accession 0000876437-26-000028).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [307](/filings/0000876437-25-000127.md) | [301 d](/filings/0000876437-26-000010.md) | [306](/filings/0000876437-26-000022.md) | [304](/filings/0000876437-26-000028.md) | [305](/filings/0000876437-25-000127.md) | [299 d](/filings/0000876437-26-000010.md) | [297](/filings/0000876437-26-000022.md) | [295](/filings/0000876437-26-000028.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [65.2%](/filings/0000876437-25-000127.md) | [61.3% d](/filings/0000876437-26-000010.md) | [60.6%](/filings/0000876437-26-000022.md) | [63.3%](/filings/0000876437-26-000028.md) | [62.8%](/filings/0000876437-25-000127.md) | [56.7% d](/filings/0000876437-26-000010.md) | [55.6%](/filings/0000876437-26-000022.md) | [61.7%](/filings/0000876437-26-000028.md) |
| Diluted EPS | $ per share | [0.77](/filings/0000876437-25-000127.md) | not reported | [0.75](/filings/0000876437-26-000022.md) | [0.81](/filings/0000876437-26-000028.md) | [0.83](/filings/0000876437-25-000127.md) | not reported | [0.76](/filings/0000876437-26-000022.md) | [0.86](/filings/0000876437-26-000028.md) |
| Free cash flow | $m | [182 d](/filings/0000876437-25-000127.md) | [182 d](/filings/0000876437-26-000010.md) | [224](/filings/0000876437-26-000022.md) | [183 d](/filings/0000876437-26-000028.md) | [215 d](/filings/0000876437-25-000127.md) | [230 d](/filings/0000876437-26-000010.md) | [76.7](/filings/0000876437-26-000022.md) | [184 d](/filings/0000876437-26-000028.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,186](/filings/0000876437-24-000024.md) | [1,173](/filings/0000876437-25-000036.md) | [1,155](/filings/0000876437-26-000010.md) | [1,208](/filings/0000876437-26-000010.md) | [1,214](/filings/0000876437-26-000010.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [53.6%](/filings/0000876437-24-000024.md) | [73.8%](/filings/0000876437-25-000036.md) | [61.7%](/filings/0000876437-26-000010.md) | [63.2%](/filings/0000876437-26-000010.md) | [60.8%](/filings/0000876437-26-000010.md) |
| Diluted EPS | $ per share | [1.85](/filings/0000876437-24-000024.md) | [2.79](/filings/0000876437-25-000036.md) | [2.49](/filings/0000876437-26-000010.md) | [2.89](/filings/0000876437-26-000010.md) | [3.14](/filings/0000876437-26-000010.md) |
| Free cash flow | $m | [692](/filings/0000876437-24-000024.md) | [647](/filings/0000876437-25-000036.md) | [711](/filings/0000876437-26-000010.md) | [724](/filings/0000876437-26-000010.md) | [852](/filings/0000876437-26-000010.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mtg/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $618.5m | 21,931,461 |  | Reduced −1,210,900 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $491.6m | 17,432,643 |  | Reduced −521,314 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $389.3m | 13,803,323 |  | Added +149,277 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $316.9m | 11,267,784 |  | Added +279,622 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $313.0m | 11,079,911 |  | Reduced −111,941 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $269.2m | 9,547,384 |  | Reduced −134,108 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $214.1m | 7,592,399 |  | Reduced −236,500 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $203.1m | 7,201,461 |  | Added +1,280,600 |
| [FIRST TRUST ADVISORS LP](/funds/1125816.md) | 2026-06-30 | $128.1m | 4,542,714 |  | Added +255,185 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $123.9m | 4,392,000 |  | Reduced −126,214 |

## Recent filings

[All 1,880 filings](/companies/mtg/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-07-29 | 20:33 ET | [10-Q](/filings/0000876437-26-000028.md) | Quarterly report, period 2026-06-30 | 0000876437-26-000028 |
| 2026-07-29 | 20:25 ET | [8-K](/filings/0000876437-26-000026.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000876437-26-000026 |
| 2026-04-29 | 20:07 ET | [10-Q](/filings/0000876437-26-000022.md) | Quarterly report, period 2026-03-31 | 0000876437-26-000022 |
| 2026-04-29 | 20:05 ET | [8-K](/filings/0000876437-26-000021.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000876437-26-000021 |
| 2026-04-23 | 20:04 ET | [8-K](/filings/0000876437-26-000016.md) | 5.07 Shareholder vote results | 0000876437-26-000016 |
| 2026-03-20 | 14:02 ET | [DEF 14A](/filings/0000876437-26-000013.md) | Proxy statement, period 2026-03-20 | 0000876437-26-000013 |
| 2026-02-25 | 22:05 ET | [10-K](/filings/0000876437-26-000010.md) | Annual report, period 2025-12-31 | 0000876437-26-000010 |
| 2026-02-02 | 21:04 ET | [8-K](/filings/0000876437-26-000006.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000876437-26-000006 |
| 2025-12-15 | 21:32 ET | [8-K](/filings/0000876437-25-000129.md) | 5.02 Departure or appointment of officers or directors | 0000876437-25-000129 |
| 2025-10-29 | 20:05 ET | [10-Q](/filings/0000876437-25-000127.md) | Quarterly report, period 2025-09-30 | 0000876437-25-000127 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000876437-26-000010.md), filed Feb 25, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/03a557d8-83be-41ac-89af-ea9f277721a2)

## About the filer

- CIK: 876437
- Tickers: MTG
- Exchange: NYSE
- SIC code: 6351 Surety Insurance
- State of incorporation: WI
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:26 ET. No prices; not investment advice.