Mgic Investment (MTG) Gross Margin (2022 - 2026)
Mgic Investment (MTG) reported Gross Margin of 85.88% for Q1 2026, down 1099.0% on a YoY basis from 8.6% in Q1 2025, and down 8.2% quarter-over-quarter from 93.55% in Q4 2025.
Mgic Investment (MTG) Gross Margin (2022 - 2026) Analysis & Trends
Mgic Investment has reported Gross Margin for 5 years, with the latest figure at 85.88% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 1099.0% year-over-year to 85.88%; the trailing twelve-month figure through Mar 2026 stood at 94.11% (down 251.0% YoY), and the FY2025 full-year result was 95.97%, down 250.0% from the prior year.
- Gross Margin for Q1 2026 stood at 85.88%, down from 93.55% in the prior quarter.
- The five-year high for Gross Margin was 113.48% in Q4 2024, with the low at 58.33% in Q3 2022.
- Historically, Gross Margin has averaged 91.83% across 5 years, with a median of 93.91% in 2023.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 4164 bps — and 2025, when it plunged 1993 bps.
- Mgic Investment's Gross Margin stood at 92.4% in 2022, then retreated by 4 bps to 88.29% in 2023, then grew by 29 bps to 113.48% in 2024, then dropped by 18 bps to 93.55% in 2025, then dropped by 8 bps to 85.88% in 2026.
- The last three Gross Margin figures came in at 85.88% (Q1 2026), 93.55% (Q4 2025), and 96.41% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.87 Bn | 10.21 Bn | 2.62 Bn | 81.15% |
| 2 | Axis Capital Holdings | 7.52 Bn | 6.65 Bn | - | - |
| 3 | First American Financial | 6.80 Bn | 3.91 Bn | 1.24 Bn | 67.24% |
| 4 | Enact Holdings | 6.01 Bn | 5.46 Bn | 205.74 Mn | 84.70% |
| 5 | Mgic Investment | 5.57 Bn | 5.32 Bn | 202.12 Mn | 85.88% |
| 6 | Essent | 5.47 Bn | 5.47 Bn | - | - |
| 7 | Radian | 4.74 Bn | 4.66 Bn | 368.17 Mn | 78.95% |
| 8 | Ryan Specialty Holdings | 4.62 Bn | 5.05 Bn | - | - |
| 9 | Assured Guaranty | 3.42 Bn | -495.48 Mn | 216.00 Mn | 82.76% |
| 10 | NMI Holdings | 2.82 Bn | 2.75 Bn | 152.85 Mn | 83.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 85.88% |
| Dec 31, 2025 | 93.55% |
| Sep 30, 2025 | 96.41% |
| Jun 30, 2025 | 99.07% |
| Mar 31, 2025 | 96.87% |
| Dec 31, 2024 | 113.48% |
| Sep 30, 2024 | 95.96% |
| Jun 30, 2024 | 92.50% |
| Mar 31, 2024 | 98.45% |
| Dec 31, 2023 | 88.29% |
| Sep 30, 2023 | 99.97% |
| Jun 30, 2023 | 93.91% |
| Mar 31, 2023 | 97.34% |
| Dec 31, 2022 | 92.40% |
| Sep 30, 2022 | 58.33% |
| Jun 30, 2022 | 66.21% |
| Mar 31, 2022 | 92.43% |