Mgic Investment Corp - Understand $mtg stock

$MTG Market Cap: $6.494 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.190B

TTM

Gross Margin

102.55%

TTM

Net Earnings

$762.8M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$6.678B

Q3 2024

Total Liabilities

$1.384B

Q3 2024

Book Value

$5.294B

Q3 2024

Cash

$288.6M

Q3 2024

P/E

8.513

Nov 29, 2024 EST

Free Cash Flow

$727.8M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Revenue	$1.155B	$1.173B	$1.186B	$1.199B	$1.214B	$1.124B	$1.066B	$1.062B	$1.041B	$942.6M	$1.039B	$1.381B	$1.505B	$1.530B	$1.751B	$1.787B	$1.693B	$1.469B	$1.527B	$1.613B	$1.685B	$1.485B	$1.309B	$1.110B	$996.8M	$971.7M	$868.3M	$745.6M	$617.9M	$502.2M	$403.5M	$321.7M	$258.0M	$226.8M
YoY Change	-1.51%	-1.09%	-1.12%	-1.22%	8.02%	5.42%	0.34%	2.04%	10.47%	-9.31%	-24.72%	-8.26%	-1.65%	-12.62%	-2.0%	5.53%	15.25%	-3.75%	-5.35%	-4.31%	13.53%	13.46%	17.85%	11.39%	2.58%	11.91%	16.46%	20.67%	23.04%	24.46%	25.43%	24.69%	13.76%	13.12%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Revenue	$1.155B	$1.173B	$1.186B	$1.199B	$1.214B	$1.124B	$1.066B	$1.062B	$1.041B	$942.6M	$1.039B	$1.381B	$1.505B	$1.530B	$1.751B	$1.787B	$1.693B	$1.469B	$1.527B	$1.613B	$1.685B	$1.485B	$1.309B	$1.110B	$996.8M	$971.7M	$868.3M	$745.6M	$617.9M	$502.2M	$403.5M	$321.7M	$258.0M	$226.8M
Cost Of Revenue	-$20.86M	-$254.6M	$64.58M	$364.8M
Gross Profit	$1.176B	$1.427B	$1.121B	$834.4M
Gross Profit Margin	101.81%	121.71%	94.55%	69.58%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.600M	$4.900M	$5.600M	$6.300M	$6.500M	$6.000M	$5.400M	$4.600M	$3.200M	$2.200M	$1.800M	$100.1M	$84.80M	$68.00M	$68.50M	$43.70M	$37.60M	$36.50M	$39.30M	$47.60M	$50.70M	$38.20M	$30.50M	$27.50M	$28.50M	$28.40M	$29.60M	$35.80M	$38.30M	$33.40M	$30.50M	$27.10M	$21.30M	$19.70M
YoY Change	-6.12%	-12.5%	-11.11%	-3.08%	8.33%	11.11%	17.39%	43.75%	45.45%	22.22%	-98.2%	18.04%	24.71%	-0.73%	56.75%	16.22%	3.01%	-7.12%	-17.44%	-6.11%	32.72%	25.25%	10.91%	-3.51%	0.35%	-4.05%	-17.32%	-6.53%	14.67%	9.51%	12.55%	27.23%	8.12%	17.26%
% of Gross Profit	0.39%	0.34%	0.5%	0.76%
Operating Expenses	$216.0M	-$5.502M	$275.6M	$553.6M	$313.3M	$226.7M	$224.4M	$400.6M	$484.2M	$617.4M	$1.006B	$2.208B	$1.885B	$1.781B	$3.384B	$2.588B	$3.886B	$904.5M	$828.9M	$979.8M	$1.069B	$631.4M	$395.3M	$269.6M	$295.3M	$398.5M	$396.5M	$376.8M	$322.7M	$281.3M	$224.8M	$176.1M	$147.0M	$134.7M
YoY Change	-4025.26%	-102.0%	-50.21%	76.7%	38.2%	1.02%	-43.98%	-17.27%	-21.57%	-38.63%	-54.43%	17.1%	5.83%	-47.36%	30.76%	-33.4%	329.62%	9.12%	-15.4%	-8.3%	69.23%	59.73%	46.62%	-8.7%	-25.9%	0.5%	5.23%	16.76%	14.72%	25.13%	27.65%	19.8%	9.13%	-15.18%
Operating Profit	$960.0M	$1.433B	$845.5M	$280.8M
YoY Change	-33.0%	69.47%	201.12%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Interest Expense	-$36.91M	-$48.05M	-$71.36M	-$59.60M	-$52.70M	-$53.00M	-$57.00M	-$56.70M	-$68.90M	-$69.60M	-$79.70M	-$99.30M	-$103.3M	-$98.60M	-$89.30M	-$81.10M	-$42.00M	-$39.30M	-$41.10M	-$41.10M	-$41.10M	-$36.80M	-$30.60M	-$28.80M	-$20.40M	-$18.60M	-$6.400M	-$3.800M	-$3.800M	-$3.900M	-$3.900M	-$3.900M	-$3.900M	-$4.000M
YoY Change	-23.2%	-32.66%	19.73%	13.09%	-0.57%	-7.02%	0.53%	-17.71%	-1.01%	-12.67%	-19.74%	-3.87%	4.77%	10.41%	10.11%	93.1%	6.87%	-4.38%	0.0%	0.0%	11.68%	20.26%	6.25%	41.18%	9.68%	190.63%	68.42%	0.0%	-2.56%	0.0%	0.0%	0.0%	-2.5%	11.11%
% of Operating Profit	-3.84%	-3.35%	-8.44%	-21.23%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Pretax Income	$902.2M	$1.090B	$801.8M	$559.3M	$848.0M	$844.2M	$784.5M	$514.7M	$487.7M	$254.7M	-$46.15M	-$928.6M	-$484.3M	-$359.4M	-$1.765B	-$947.6M	-$2.235B	$525.3M	$656.5M	$591.8M	$575.8M	$816.4M	$882.6M	$788.8M	$681.0M	$554.6M	$465.4M	$365.0M	$291.4M	$217.1M	$174.8M	$141.6M	$107.0M	$88.20M
YoY Change	-17.23%	35.95%	43.36%	-34.05%	0.45%	7.6%	52.41%	5.54%	91.46%	-651.92%	-95.03%	91.74%	34.75%	-79.64%	86.27%	-57.6%	-525.41%	-19.98%	10.93%	2.78%	-29.47%	-7.5%	11.89%	15.83%	22.79%	19.17%	27.51%	25.26%	34.22%	24.2%	23.45%	32.34%	21.32%	131.5%
Income Tax	$189.3M	$224.7M	$166.8M	$113.2M	$174.2M	$174.1M	$428.7M	$172.2M	-$684.3M	$2.774M	$3.696M	-$1.600M	$1.600M	$4.300M	-$442.8M	-$397.8M	-$834.0M	$130.1M	$176.9M	$159.3M	$146.0M	$241.0M	$277.6M	$246.8M	$210.8M	$169.1M	$141.6M	$107.0M	$83.80M	$57.60M	$47.50M	$39.40M	$32.00M	$27.80M
% Of Pretax Income	20.98%	20.61%	20.8%	20.24%	20.54%	20.62%	54.65%	33.45%	-140.32%	1.09%								24.77%	26.95%	26.92%	25.36%	29.52%	31.45%	31.29%	30.95%	30.49%	30.43%	29.32%	28.76%	26.53%	27.17%	27.82%	29.91%	31.52%
Net Earnings	$712.9M	$865.3M	$635.0M	$446.1M	$673.8M	$670.1M	$355.8M	$342.5M	$1.172B	$251.9M	-$49.85M	-$927.1M	-$485.9M	-$363.7M	-$1.322B	-$525.4M	-$1.670B	$564.7M	$626.9M	$553.2M	$493.9M	$629.2M	$633.2M	$542.0M	$470.2M	$385.5M	$323.8M	$258.0M	$207.6M	$159.5M	$127.3M	$102.3M	$75.00M	$63.30M
YoY Change	-17.61%	36.28%	42.34%	-33.79%	0.55%	88.36%	3.87%	-70.78%	365.17%	-605.43%	-94.62%	90.8%	33.6%	-72.49%	151.67%	-68.54%	-395.73%	-9.92%	13.32%	12.01%	-21.5%	-0.63%	16.83%	15.27%	21.97%	19.05%	25.5%	24.28%	30.16%	25.29%	24.44%	36.4%	18.48%	66.58%
Net Earnings / Revenue	61.72%	73.79%	53.55%	37.2%	55.5%	59.63%	33.37%	32.24%	112.55%	26.73%	-4.8%	-67.15%	-32.29%	-23.77%	-75.51%	-29.4%	-98.63%	38.44%	41.07%	34.3%	29.3%	42.38%	48.39%	48.82%	47.17%	39.67%	37.29%	34.6%	33.6%	31.76%	31.55%	31.8%	29.07%	27.91%
Basic Earnings Per Share	$2.51	$2.83	$1.90	$1.31	$1.91	$1.83	$0.98	$1.00	$3.45	$0.74	-$0.16	-$4.59	-$2.42	-$2.06
Diluted Earnings Per Share	$2.49	$2.79	$1.85	$1.29	$1.85	$1.78	$0.95	$0.86	$2.60	$0.64	-$0.16	-$4.59	-$2.42	-$2.06	-$10.65M	-$4.609M	-$20.54M	$6.644M	$6.785M	$5.633M	$4.989M	$6.038M	$5.874M	$5.051M	$4.302M	$3.393M	$2.746M	$2.168M	$1.750M	$1.352M	$1.080M	$871.4K	$670.8K	$586.7K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$363.7M	$327.4M	$284.7M	$288.0M	$161.8M	$151.9M	$99.90M	$155.4M	$181.1M	$197.9M	$332.7M	$1.028B	$995.8M	$1.304B	$1.186B	$1.097B	$288.9M	$293.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets															$275.2M	$370.5M	$865.7M
YoY Change															-25.72%	-57.2%
Property, Plant & Equipment	$38.76M	$41.42M	$45.61M	$47.10M	$50.10M	$51.70M	$44.90M	$36.10M	$30.10M	$28.70M	$26.20M	$27.20M	$28.10M	$28.60M	$29.60M	$32.30M	$34.60M	$32.60M	$32.70M	$36.40M	$36.70M	$36.00M	$34.80M	$31.30M	$32.90M	$32.40M	$33.80M	$35.10M	$38.80M	$40.70M	$36.30M	$31.50M	$27.80M	$25.80M
YoY Change	-6.43%	-9.2%	-3.15%	-5.99%	-3.09%	15.14%	24.38%	19.93%	4.88%	9.54%	-3.68%	-3.2%	-1.75%	-3.38%	-8.36%	-6.65%	6.13%	-0.31%	-10.16%	-0.82%	1.94%	3.45%	11.18%	-4.86%	1.54%	-4.14%	-3.7%	-9.54%	-4.67%	12.12%	15.24%	13.31%	7.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$5.739B	$5.425B	$6.607B	$6.683B	$5.758B	$5.159B	$4.991B	$4.692B	$4.663B	$4.613B	$4.867B	$4.230B	$5.824B	$7.458B	$7.255B	$7.046B	$6.040B	$5.908B	$5.968B	$5.997B	$5.513B	$4.967B	$4.231B	$3.611B	$2.891B	$2.855B	$2.446B	$2.051B	$1.687B	$1.293B	$1.100B	$896.1M	$776.9M	$604.3M
YoY Change	5.79%	-17.89%	-1.14%	16.06%	11.62%	3.37%	6.35%	0.63%	1.09%	-5.22%	15.05%	-27.36%	-21.92%	2.81%	2.97%	16.65%	2.23%	-1.0%	-0.49%	8.77%	11.01%	17.38%	17.17%	24.89%	1.27%	16.72%	19.25%	21.57%	30.49%	17.59%	22.71%	15.34%	28.56%
Other Assets	$86.76M	$130.3M	$20.27M	$8.700M	$13.00M	$72.30M	$234.4M	$607.7M	$762.1M
YoY Change	-33.41%	542.88%	132.97%	-33.08%	-82.02%	-69.16%	-61.43%	-20.26%
Total Long-Term Assets															$9.129B	$8.776B	$6.851B
YoY Change															4.02%	28.11%
Total Assets	$6.538B	$6.214B	$7.325B	$7.355B	$6.230B	$5.678B	$5.620B	$5.735B	$5.868B	$5.266B	$5.601B	$5.574B	$7.216B	$9.334B	$9.404B	$9.147B	$7.716B	$6.622B	$6.358B	$6.381B	$5.917B	$5.300B	$4.567B	$3.858B	$3.104B	$3.051B	$2.618B	$2.222B	$1.875B	$1.476B	$1.343B	$1.134B	$894.5M	$712.4M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities																		$34.50M	$62.00M	$109.7M	$118.1M	$133.8M	$80.90M	$83.20M		$31.00M	$27.70M	$23.10M	$33.70M		$11.20M	$10.30M	$15.40M	$8.300M
YoY Change																		-44.35%	-43.48%	-7.11%	-11.73%	65.39%	-2.76%			11.91%	19.91%	-31.45%			8.74%	-33.12%	85.54%
Long-Term Debt	$643.2M	$662.8M	$1.147B	$1.243B	$832.7M	$831.6M	$830.4M	$1.179B	$1.212B	$1.296B	$1.317B	$824.5M	$859.9M	$1.037B	$668.9M	$970.9M	$798.3M	$781.3M	$685.2M	$639.3M	$599.7M	$677.2M	$472.1M	$397.4M	$425.0M	$442.0M	$237.5M	$35.40M	$35.80M	$36.10M	$36.50M	$36.70M	$37.00M	$37.20M
YoY Change	-2.96%	-42.2%	-7.76%	49.3%	0.13%	0.14%	-29.55%	-2.73%	-6.53%	-1.59%	59.77%	-4.12%	-17.08%	55.03%	-31.11%	21.62%	2.18%	14.03%	7.18%	6.6%	-11.44%	43.44%	18.8%	-6.49%	-3.85%	86.11%	570.9%	-1.12%	-0.83%	-1.1%	-0.54%	-0.81%	-0.54%
Other Long-Term Liabilities	$160.0M	$155.0M	$191.7M	$244.7M	$152.0M	$180.3M	$256.0M	$238.4M	$247.0M	$309.1M	$275.2M	$283.4M	$312.3M	$349.3M	$254.0M	$175.6M	$198.2M	$194.7M	$161.1M	$159.0M	$172.8M	$190.7M	$205.6M	$122.1M	$80.00M	$71.90M	$68.70M	$64.30M	$61.60M	$46.40M	$63.00M	$49.40M	$67.50M	$65.00M
YoY Change	3.25%	-19.16%	-21.66%	60.99%	-15.7%	-29.57%	7.38%	-3.48%	-20.09%	12.32%	-2.89%	-9.25%	-10.59%	37.52%	44.65%	-11.4%	1.8%	20.86%	1.32%	-7.99%	-9.39%	-7.25%	68.39%	52.63%	11.27%	4.66%	6.84%	4.38%	32.76%	-26.35%	27.53%	-26.81%	3.85%
Total Long-Term Liabilities	$803.2M	$817.8M	$1.338B	$1.488B	$984.7M	$1.012B	$1.086B	$1.417B	$1.459B	$1.606B	$1.593B	$1.108B	$1.172B	$1.386B	$922.9M	$1.147B	$996.5M	$976.0M	$846.3M	$798.3M	$772.5M	$867.9M	$677.7M	$519.5M	$505.0M	$513.9M	$306.2M	$99.70M	$97.40M	$82.50M	$99.50M	$86.10M	$104.5M	$102.2M
YoY Change	-1.78%	-38.9%	-10.05%	51.1%	-2.69%	-6.86%	-23.34%	-2.86%	-9.14%	0.82%	43.74%	-5.49%	-15.44%	50.21%	-19.5%	15.05%	2.1%	15.33%	6.01%	3.34%	-10.99%	28.07%	30.45%	2.87%	-1.73%	67.83%	207.12%	2.36%	18.06%	-17.09%	15.56%	-17.61%	2.25%
Total Liabilities	$1.466B	$1.571B	$2.464B	$2.656B	$1.920B	$2.096B	$2.465B	$3.186B	$3.632B	$4.230B	$4.857B	$5.377B	$6.019B	$7.665B	$8.102B	$6.713B	$5.122B	$2.326B	$2.193B	$2.237B	$2.121B	$1.905B	$1.547B	$1.393B	$1.328B	$1.410B	$1.131B	$856.2M	$753.3M	$638.2M	$631.1M	$541.3M	$402.1M	$346.3M
YoY Change	-6.66%	-36.23%	-7.23%	38.29%	-8.38%	-14.97%	-22.62%	-12.29%	-14.12%	-12.92%	-9.68%	-10.67%	-21.46%	-5.4%	20.7%	31.05%	120.23%	6.08%	-1.99%	5.5%	11.31%	23.16%	11.05%	4.86%	-5.79%	24.68%	32.08%	13.66%	18.04%	1.13%	16.59%	34.62%	16.11%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	283.6M shares	305.8M shares	334.3M shares	340.0M shares	352.8M shares	365.4M shares	362.4M shares	342.9M shares	339.6M shares	338.5M shares	311.8M shares
Diluted Shares Outstanding	287.2M shares	311.2M shares	351.3M shares	359.3M shares	373.9M shares	386.1M shares	394.8M shares	432.0M shares	468.0M shares	413.5M shares	311.8M shares
Preferred Stock
Treasury Stock Shares

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Stock Price

Market Cap: $6.4938 Billion

About MGIC INVESTMENT CORP

MGIC Investment Corp. is a holding company, which engages in the provision of mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The company is headquartered in Milwaukee, Wisconsin and currently employs 627 full-time employees. The Company, through its wholly owned subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The firm's mortgage insurance product offers Primary Insurance and Pool and Other Insurance. Primary insurance provides mortgage default protection on individual loans and covers a percentage of the unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure on the mortgage or sale of the underlying property. Pool insurance is generally used as an additional credit enhancement for certain secondary market mortgage transactions. Pool insurance generally covers the amount of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage.

Industry: Surety Insurance Peers: RADIAN GROUP INC Enact Holdings, Inc. UWM Holdings Corp Mr. Cooper Group Inc. FLAGSTAR FINANCIAL, INC. Rocket Companies, Inc. TFS Financial CORP Walker & Dunlop, Inc. WSFS FINANCIAL CORP