Mgic Investment (MTG) Gross Margin (2022 - 2026)
Mgic Investment (MTG) posted quarterly Gross Margin of 96.28% for Q2 2026, down 279.0% year-over-year from 53.79% in Q2 2025, and up 8.41% quarter-over-quarter from 88.81% in Q1 2026.
Mgic Investment (MTG) Gross Margin (2022 - 2026) Analysis & Trends
Mgic Investment's Gross Margin history runs 5 years deep, the most recent figure standing at 96.28% for Q2 2026.
- In Q2 2026, Gross Margin fell 279.0% year-over-year to 96.28%; the TTM figure through Jun 2026 stood at 92.78% (down 611.0% YoY), while the FY2025 annual figure was 95.97%, down 280.0% from the prior year.
- Gross Margin for Q2 2026 stood at 96.28%, up from 88.81% in the prior quarter.
- The five-year high for Gross Margin was 102.89% in Q4 2024, with the low at 64.12% in Q3 2022.
- The 5-year median for Gross Margin is 96.35% (2025), against an average of 92.25%.
- The sharpest annual moves came in 2023 and 2025: Gross Margin soared 3585 bps in 2023, then slumped 1334 bps in 2025.
- Mgic Investment's Gross Margin stood at 89.35% in 2022, then climbed by 8 bps to 96.64% in 2023, then rose by 6 bps to 102.89% in 2024, then retreated by 13 bps to 89.55% in 2025, then increased by 8 bps to 96.28% in 2026.
- Business Quant data shows MTG's Gross Margin at 96.28% in Q2 2026, 88.81% in Q1 2026, and 89.55% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.68 Bn | 8.12 Bn | 3.59 Bn | 88.64% |
| 2 | First American Financial | 7.39 Bn | 4.27 Bn | 1.77 Bn | 83.37% |
| 3 | Axis Capital Holdings | 7.32 Bn | 6.54 Bn | 819.78 Mn | 46.77% |
| 4 | Enact Holdings | 6.87 Bn | 6.38 Bn | 284.04 Mn | 89.52% |
| 5 | Mgic Investment | 6.50 Bn | 6.28 Bn | 284.40 Mn | 96.28% |
| 6 | Essent | 6.26 Bn | 6.26 Bn | 313.73 Mn | 86.50% |
| 7 | Ryan Specialty Holdings | 5.34 Bn | 5.20 Bn | - | - |
| 8 | Radian | 4.97 Bn | 4.23 Bn | 380.01 Mn | 66.09% |
| 9 | NMI Holdings | 3.47 Bn | 3.40 Bn | 157.40 Mn | 83.77% |
| 10 | Assured Guaranty | 3.28 Bn | -510.15 Mn | 156.00 Mn | 80.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 96.28% |
| Mar 31, 2026 | 88.81% |
| Dec 31, 2025 | 89.55% |
| Sep 30, 2025 | 96.41% |
| Jun 30, 2025 | 99.07% |
| Mar 31, 2025 | 96.87% |
| Dec 31, 2024 | 102.89% |
| Sep 30, 2024 | 96.79% |
| Jun 30, 2024 | 94.01% |
| Mar 31, 2024 | 98.45% |
| Dec 31, 2023 | 96.64% |
| Sep 30, 2023 | 99.97% |
| Jun 30, 2023 | 93.91% |
| Mar 31, 2023 | 97.73% |
| Dec 31, 2022 | 89.35% |
| Sep 30, 2022 | 64.12% |
| Jun 30, 2022 | 66.21% |
| Mar 31, 2022 | 93.44% |