Radian Group Inc - Understand $rdn stock

$RDN Market Cap: $5.202 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.303B

TTM

Gross Margin

97.08%

TTM

Net Earnings

$598.8M

TTM

Current Assets

$138.4M

Q3 2024

Current Liabilities

Current Ratio

Total Assets

$8.420B

Q3 2024

Total Liabilities

$3.721B

Q3 2024

Book Value

$4.699B

Q3 2024

Cash

$28.06M

Q3 2024

P/E

8.687

Nov 29, 2024 EST

Free Cash Flow

-$133.9M

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	$1.241B	$1.191B	$1.330B	$1.439B	$1.527B	$1.273B	$1.222B	$1.238B	$1.193B	$1.073B	$749.9M	$902.7M	$1.948B	$417.5M	$1.313B	$1.808B	$201.1M	$1.328B	$1.298B	$1.364B	$1.279B	$1.068B	$906.9M	$615.4M	$552.8M	$483.6M	$390.0M	$222.6M	$165.6M	$130.5M	$107.2M	$83.50M	$71.40M	$65.40M
YoY Change	4.19%	-10.47%	-7.55%	-5.79%	19.95%	4.21%	-1.36%	3.79%	11.24%	43.04%	-16.93%	-53.65%	366.59%	-68.21%	-27.36%	799.06%	-84.86%	2.29%	-4.83%	6.64%	19.8%	17.74%	47.37%	11.32%	14.31%	24.0%	75.2%	34.42%	26.9%	21.74%	28.38%	16.95%	9.17%	-2.1%

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	$1.241B	$1.191B	$1.330B	$1.439B	$1.527B	$1.273B	$1.222B	$1.238B	$1.193B	$1.073B	$749.9M	$902.7M	$1.948B	$417.5M	$1.313B	$1.808B	$201.1M	$1.328B	$1.298B	$1.364B	$1.279B	$1.068B	$906.9M	$615.4M	$552.8M	$483.6M	$390.0M	$222.6M	$165.6M	$130.5M	$107.2M	$83.50M	$71.40M	$65.40M
Cost Of Revenue	$38.49M	$82.36M	$103.7M	$86.07M	$108.3M	$98.12M	$104.6M	$114.2M	$93.72M	$44.68M	$0.00	$0.00
Gross Profit	$1.202B	$1.108B	$1.226B	$1.353B	$1.419B	$1.175B	$1.117B	$1.124B	$1.100B	$1.028B	$749.9M	$902.7M
Gross Profit Margin	96.9%	93.08%	92.2%	94.02%	92.91%	92.29%	91.44%	90.78%	92.15%	95.83%	100.0%	100.0%

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	$5.483M	$15.20M	$15.90M	$18.30M	$20.80M	$19.40M	$6.900M	$5.600M	$6.700M	$4.200M	$80.14M	$72.39M	$63.12M	$53.47M	$63.03M	$16.20M	$19.30M	$37.00M	$39.60M	$32.30M	$17.30M	$800.0K	$2.500M	$54.70M	$61.10M	$62.70M	$41.80M	$26.90M	$23.40M	$22.50M	$18.10M	$13.40M	$10.90M	$11.00M
YoY Change	-63.93%	-4.4%	-13.11%	-12.02%	7.22%	181.16%	23.21%	-16.42%	59.52%	-94.76%	10.7%	14.68%	18.05%	-15.17%	289.1%	-16.06%	-47.84%	-6.57%	22.6%	86.71%	2062.5%	-68.0%	-95.43%	-10.47%	-2.55%	50.0%	55.39%	14.96%	4.0%	24.31%	35.07%	22.94%	-0.91%	-6.78%
% of Gross Profit	0.46%	1.37%	1.3%	1.35%	1.47%	1.65%	0.62%	0.5%	0.61%	0.41%	10.69%	8.02%
Operating Expenses	$360.5M	$138.6M	$477.2M	$880.2M	$586.6M	$515.7M	$559.0M	$598.5M	$246.2M	$252.3M	$257.4M	$167.7M	$1.518B	$1.970B	$1.543B	$2.488B	$1.786B	$723.5M	$732.5M	$784.4M	$815.6M	$519.5M	$424.9M	$263.0M	$295.5M	$284.6M	$230.8M	$140.0M	$97.40M	$74.20M	$59.00M	$51.20M	$53.60M	$51.00M
YoY Change	160.04%	-70.95%	-45.79%	50.05%	13.75%	-7.75%	-6.6%	143.14%	-2.43%	-1.99%	53.53%	-88.96%	-22.94%	27.68%	-38.0%	39.3%	146.91%	-1.23%	-6.62%	-3.83%	57.0%	22.26%	61.56%	-11.0%	3.83%	23.31%	64.86%	43.74%	31.27%	25.76%	15.23%	-4.48%	5.1%	-22.02%
Operating Profit	$841.6M	$969.7M	$749.0M	$472.4M	$832.0M	$659.2M	$558.0M	$525.8M	$853.4M	$775.7M	-$207.1M	-$444.2M	$368.5M	-$1.580B	-$242.3M
YoY Change	-13.22%	29.47%	58.57%	-43.23%	26.22%	18.13%	6.13%	-38.39%	10.01%	-474.65%	-53.39%	-220.54%	-123.33%	552.01%

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
Interest Expense	-$89.70M	$84.45M	$84.34M	$71.15M	$56.31M	$61.49M	$62.76M	$81.13M	$91.10M	$90.46M	$74.62M	$51.83M	$61.39M	$41.78M	$46.01M	$6.300M	-$469.6M	$208.8M	$174.6M	$145.9M	$67.90M	$52.90M	$23.50M	$0.00	$0.00
YoY Change	-206.21%	0.13%	18.54%	26.35%	-8.42%	-2.03%	-22.64%	-10.94%	0.71%	21.24%	43.96%	-15.57%	46.96%	-9.2%	630.32%	-101.34%	-324.9%	19.59%	19.67%	114.87%	28.36%	125.11%
% of Operating Profit	-10.66%	8.71%	11.26%	15.06%	6.77%	9.33%	11.25%	15.43%	10.68%	11.66%			16.66%
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	$767.5M	$952.8M	$764.8M	$479.4M	$849.0M	$684.2M	$346.7M	$483.7M	$437.8M	$407.2M	-$173.3M	-$272.4M	$368.5M	-$1.580B	-$242.3M	-$674.1M	-$2.069B	$813.3M	$740.3M	$725.6M	$531.5M	$601.3M	$505.5M	$352.5M	$219.5M	$197.9M	$159.2M	$82.60M	$68.20M	$56.40M	$48.20M	$32.40M	$17.80M	$14.40M
YoY Change	-19.45%	24.57%	59.53%	-43.53%	24.09%	97.32%	-28.31%	10.47%	7.53%	-334.88%	-36.36%	-173.92%	-123.33%	551.96%	-64.06%	-67.42%	-354.38%	9.86%	2.03%	36.52%	-11.61%	18.95%	43.4%	60.59%	10.91%	24.31%	92.74%	21.11%	20.92%	17.01%	48.77%	82.02%	23.61%	928.57%
Income Tax	$164.4M	$209.8M	$164.2M	$85.82M	$176.7M	$78.18M	$225.6M	$175.4M	$156.3M	-$852.4M	-$31.50M	-$48.32M	$66.36M	$226.2M	-$94.40M	-$263.6M	-$778.6M	$231.1M	$217.5M	$206.9M	$145.6M	$174.1M	$145.1M	$103.5M	$71.30M	$55.70M	$43.40M	$20.40M	$17.40M	$15.20M	$14.10M	$10.60M	$4.300M	$4.900M
% Of Pretax Income	21.42%	22.02%	21.46%	17.9%	20.81%	11.43%	65.08%	36.27%	35.7%	-209.36%			18.01%					28.42%	29.38%	28.51%	27.39%	28.95%	28.7%	29.36%	32.48%	28.15%	27.26%	24.7%	25.51%	26.95%	29.25%	32.72%	24.16%	34.03%
Net Earnings	$603.1M	$742.9M	$600.7M	$393.6M	$672.3M	$606.0M	$121.1M	$308.3M	$286.9M	$959.5M	-$197.0M	-$451.5M	$302.2M	-$1.806B	-$147.9M	-$410.6M	-$1.290B	$582.2M	$522.9M	$518.7M	$385.9M	$427.2M	$360.4M	$248.9M	$148.1M	$142.2M	$115.7M	$62.20M	$50.80M	$41.10M	$35.80M	$21.80M	$12.70M	$9.100M
YoY Change	-18.82%	23.68%	52.6%	-41.45%	10.94%	400.47%	-60.72%	7.43%	-70.1%	-587.1%	-56.37%	-249.42%	-116.73%	1121.18%	-63.98%	-68.18%	-321.62%	11.34%	0.81%	34.41%	-9.67%	18.53%	44.8%	68.06%	4.15%	22.9%	86.01%	22.44%	23.6%	14.8%	64.22%	71.65%	39.56%	-513.64%
Net Earnings / Revenue	48.62%	62.39%	45.17%	27.36%	44.03%	47.6%	9.91%	24.89%	24.05%	89.45%	-26.27%	-50.01%	15.51%	-432.58%	-11.26%	-22.71%	-641.62%	43.84%	40.28%	38.03%	30.17%	40.01%	39.74%	40.45%	26.79%	29.4%	29.67%	27.94%	30.68%	31.49%	33.4%	26.11%	17.79%	13.91%
Basic Earnings Per Share	$3.81	$4.42	$3.19	$2.01	$3.22	$2.83	$0.56	$1.46	$1.44	$5.20	-$1.18	-$3.41	$2.28	-$15.74	-$1.80
Diluted Earnings Per Share	$3.77	$4.35	$3.16	$2.00	$3.20	$2.77	$0.55	$1.37	$1.22	$4.16	-$1.18	-$3.41	$2.26	-$15.74	-$1.80	-$5.113M	-$16.21M	$7.074M	$5.895M	$5.298M	$3.918M	$4.293M	$3.917M	$3.262M	$1.956M	$1.881M	$1.541M	$1.346M	$1.119M	$925.7K	$804.5K	$714.8K	$453.6K	$325.0K

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
Short-Term Investments
Other Short-Term Assets	$750.3M	$596.4M														$248.8M	$793.5M	$808.7M	$585.5M	$460.1M	$358.8M	$294.1M	$326.5M	$270.3M	$204.7M	$152.9M	$78.20M
YoY Change	25.81%															-68.65%	-1.88%	38.12%	27.25%	28.23%	22.0%	-9.92%	20.79%	32.05%	33.88%	95.52%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$874.2M	$716.2M	$124.0M	$121.3M	$93.60M	$78.70M	$72.60M	$77.60M	$61.70M	$85.80M	$46.40M					$248.8M	$793.5M	$808.7M	$585.5M	$460.1M	$358.8M	$294.1M	$326.5M	$270.3M	$204.7M	$152.9M	$78.20M
YoY Change	22.06%	477.51%	2.24%	29.59%	18.93%	8.4%	-6.44%	25.77%	-28.09%	84.91%						-68.65%	-1.88%	38.12%	27.25%	28.23%	22.0%	-9.92%	20.79%	32.05%	33.88%	95.52%
Property, Plant & Equipment	$63.82M	$70.98M	$107.0M	$59.10M	$67.40M	$37.10M	$87.00M	$70.70M	$46.80M	$27.20M	$10.50M	$7.500M	$11.00M	$13.00M	$16.20M	$18.20M	$24.60M	$33.90M	$52.10M	$69.30M	$71.40M	$55.60M
YoY Change	-10.09%	-33.64%	80.99%	-12.31%	81.67%	-57.36%	23.06%	51.07%	72.06%	159.05%	40.0%	-31.82%	-15.38%	-19.75%	-10.99%	-26.02%	-27.43%	-34.93%	-24.82%	-2.94%	28.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$6.086B	$5.693B	$6.618B	$6.788B	$5.659B	$5.153B	$4.644B	$4.462B	$4.299B	$3.629B	$3.362B	$5.152B	$5.784B	$6.629B	$6.259B	$6.081B	$6.515B	$6.364B	$5.960B	$5.863B	$5.336B	$4.459B	$3.547B	$1.751B	$1.389B	$1.176B	$596.9M	$513.2M	$437.5M	$358.7M	$327.0M	$303.8M	$154.5M	$142.5M
YoY Change	6.89%	-13.96%	-2.52%	19.96%	9.81%	10.96%	4.07%	3.81%	18.44%	7.96%	-34.75%	-10.91%	-12.75%	5.91%	2.92%	-6.66%	2.38%	6.78%	1.65%	9.88%	19.65%	25.73%	102.62%	26.05%	18.14%	96.93%	16.31%	17.3%	21.97%	9.69%	7.64%	96.63%	8.42%
Other Assets	$1.066M	$377.0K	$1.475M	$6.200M	$3.500M	$143.3M	$245.2M	$421.5M	$590.9M	$2.451B	$1.809B	$24.20M	$43.00M	$58.90M	$476.6M	$446.1M	$0.00
YoY Change	182.76%	-74.44%	-76.21%	77.14%	-97.56%	-41.56%	-41.83%	-28.67%	-75.89%	35.51%	7373.14%	-43.72%	-26.99%	-87.64%	6.84%
Total Long-Term Assets	$6.720B	$6.348B	$7.715B	$7.827B	$6.715B	$6.236B	$5.828B	$5.786B	$5.580B	$6.757B	$5.575B					$7.867B	$7.417B	$7.152B	$6.645B	$6.541B	$6.087B	$5.099B	$4.112B	$2.003B	$1.572B	$1.361B	$703.9M
YoY Change	5.86%	-17.73%	-1.43%	16.56%	7.68%	7.0%	0.74%	3.68%	-17.41%	21.19%						6.08%	3.71%	7.62%	1.6%	7.45%	19.37%	24.01%	105.35%	27.39%	15.55%	93.28%
Total Assets	$7.594B	$7.064B	$7.839B	$7.948B	$6.808B	$6.315B	$5.901B	$5.863B	$5.642B	$6.842B	$5.622B	$5.903B	$6.657B	$7.621B	$8.057B	$8.116B	$8.210B	$7.960B	$7.231B	$7.001B	$6.446B	$5.393B	$4.439B	$2.273B	$1.777B	$1.513B	$782.1M	$592.7M	$499.1M	$410.2M	$375.1M	$335.4M	$181.2M	$164.3M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$44.69M	$49.39M	$53.52M	$53.40M	$59.50M
YoY Change	-9.5%	-7.73%	0.23%	-10.25%
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	$44.69M	$49.39M	$53.52M	$53.40M	$59.50M							$325.3M	$349.7M	$258.8M	$391.2M	$320.2M	$314.4M	$197.6M	$207.9M	$174.7M	$305.2M	$282.9M	$233.5M	$112.1M	$82.80M	$54.30M	$30.20M	$29.50M	$31.30M	$21.90M	$16.50M	$20.30M	$5.500M	$7.100M
YoY Change	-9.5%	-7.73%	0.23%	-10.25%								-6.98%	35.12%	-33.84%	22.17%	1.84%	59.11%	-4.95%	19.0%	-42.76%	7.88%	21.16%	108.3%	35.39%	52.49%	79.8%	2.37%	-5.75%	42.92%	32.73%	-18.72%	269.09%	-22.54%
Long-Term Debt	$1.537B	$1.569B	$1.560B	$1.582B	$1.022B	$1.113B	$1.027B	$1.070B	$1.220B	$1.267B	$930.1M	$772.4M	$1.047B	$1.485B	$994.3M	$1.018B	$953.5M	$747.8M	$747.5M	$717.6M	$717.4M	$544.1M	$324.1M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-2.04%	0.57%	-1.37%	54.81%	-8.17%	8.35%	-3.96%	-12.3%	-3.75%	36.22%	20.42%	-26.21%	-29.5%	49.34%	-2.31%	6.74%	27.51%	0.04%	4.17%	0.03%	31.85%	67.88%
Other Long-Term Liabilities	$343.2M	$333.6M	$243.1M	$238.5M	$354.7M	$251.1M	$353.8M	$321.9M	$269.0M	$1.274B	$1.021B	$266.9M	$126.0M	$723.6M	$238.7M	$519.3M	$1.306B	$31.70M
YoY Change	2.88%	37.23%	1.92%	-32.76%	41.26%	-29.03%	9.91%	19.67%	-78.88%	24.82%	282.35%	111.83%	-82.59%	203.14%	-54.03%	-60.23%	4018.93%
Total Long-Term Liabilities	$1.880B	$1.903B	$1.804B	$1.821B	$1.377B	$1.364B	$1.381B	$1.391B	$1.489B	$2.541B	$1.951B	$1.039B	$1.173B	$2.209B	$1.233B	$1.537B	$2.259B	$779.5M	$747.5M	$717.6M	$717.4M	$544.1M	$324.1M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-1.18%	5.51%	-0.94%	32.25%	0.93%	-1.22%	-0.75%	-6.52%	-41.42%	30.26%	87.68%	-11.38%	-46.9%	79.12%	-19.78%	-31.96%	189.83%	4.28%	4.17%	0.03%	31.85%	67.88%
Total Liabilities	$3.196B	$3.144B	$3.580B	$3.664B	$2.760B	$2.826B	$2.901B	$2.991B	$3.145B	$4.745B	$4.682B	$5.167B	$5.475B	$6.761B	$6.052B	$6.085B	$5.490B	$3.893B	$3.568B	$3.312B	$3.220B	$2.640B	$2.092B	$870.6M	$679.5M	$541.2M	$312.1M	$196.4M	$160.5M	$130.4M	$122.2M	$114.7M	$88.90M	$84.70M
YoY Change	1.65%	-12.18%	-2.27%	32.76%	-2.35%	-2.58%	-3.01%	-4.91%	-33.72%	1.35%	-9.38%	-5.62%	-19.03%	11.71%	-0.55%	10.86%	41.01%	9.12%	7.73%	2.85%	21.97%	26.18%	140.33%	28.12%	25.55%	73.41%	58.91%	22.37%	23.08%	6.71%	6.54%	29.02%	4.96%

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	2012	2011	2010	2009
Basic Shares Outstanding	158.1M shares	167.9M shares	188.4M shares	195.4M shares	208.8M shares	214.3M shares	215.3M shares	211.8M shares	199.9M shares	184.6M shares	166.4M shares	132.5M shares	132.4M shares	114.7M shares	81.94M shares
Diluted Shares Outstanding	160.1M shares	170.7M shares	190.3M shares	196.6M shares	210.3M shares	218.6M shares	220.4M shares	229.3M shares	246.3M shares	233.9M shares	166.4M shares	132.5M shares	133.9M shares	114.7M shares	81.94M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.2022 Billion

About RADIAN GROUP INC

Radian Group, Inc. is a holding company, which provides mortgage insurance, risk management products, and real estate services to financial institutions. The company is headquartered in Wayne, Pennsylvania and currently employs 1,100 full-time employees. The firm provides mortgage insurance and other products and services to the real estate and mortgage finance industries. The firm operates through its two business segments: Mortgage and homegenius. The Company’s Mortgage segment aggregates, manages and distributes United States mortgage credit risk on behalf of mortgage lending institutions and mortgage credit investors, principally through private mortgage insurance on residential first-lien mortgage loans, and also provides other credit risk management, contract underwriting and fulfillment solutions. The firm's homegenius segment offers an array of title, real estate and technology products and services to consumers, mortgage lenders, mortgage and real estate investors, Government-sponsored enterprises (GSE) and real estate brokers and agents, and corporations for their employees.

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