Mgic Investment (MTG) Gross Margin (2022 - 2026)
Mgic Investment's (MTG) quarterly Gross Margin came in at 88.81% in Q1 2026, down 725.0% year-on-year from 14.21% in Q1 2025, and up 2.35% quarter-over-quarter from 86.77% in Q4 2025.
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 88.81% for Q1 2026.
- On a quarterly basis, Gross Margin fell 725.0% year-over-year to 88.81% in Q1 2026; TTM through Mar 2026 was 92.32%, a 502.0% decrease from a year earlier, with the FY2025 full-year figure at 94.94%, down 383.0% from the prior year.
- Gross Margin grew to 88.81% in Q1 2026 per MTG's latest filing, from 86.77% in the prior quarter.
- Across five years, Gross Margin topped out at 102.89% in Q4 2024 and bottomed at 61.26% in Q2 2022.
- The 5-year median for Gross Margin is 95.48% (2025), against an average of 91.56%.
- Across the five-year window, Gross Margin soared 3585 bps in 2023 and slumped 1611 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 92.4% in 2022, then rose by 6 bps to 97.78% in 2023, then climbed by 5 bps to 102.89% in 2024, then slipped by 16 bps to 86.77% in 2025, then increased by 2 bps to 88.81% in 2026.
- Per Business Quant, the three latest MTG Gross Margin figures stand at 88.81% (Q1 2026), 86.77% (Q4 2025), and 95.48% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 13.08 Bn | 10.42 Bn | 3.16 Bn | 98.08% |
| 2 | Axis Capital Holdings | 8.50 Bn | 7.97 Bn | 613.18 Mn | 41.42% |
| 3 | First American Financial | 7.10 Bn | 4.22 Bn | 1.77 Bn | 83.37% |
| 4 | Enact Holdings | 6.51 Bn | 5.96 Bn | 205.69 Mn | 84.70% |
| 5 | Mgic Investment | 6.26 Bn | 6.23 Bn | 263.84 Mn | 88.81% |
| 6 | Essent | 6.05 Bn | 6.05 Bn | 211.88 Mn | 81.46% |
| 7 | Radian | 5.96 Bn | 5.91 Bn | 304.36 Mn | 75.61% |
| 8 | Assured Guaranty | 3.78 Bn | 3.28 Bn | 65.00 Mn | 79.27% |
| 9 | NMI Holdings | 3.17 Bn | 3.10 Bn | 134.15 Mn | 86.65% |
| 10 | Employers Holdings | 957.12 Mn | 620.72 Mn | 51.80 Mn | 28.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 88.81% |
| Dec 31, 2025 | 86.77% |
| Sep 30, 2025 | 95.48% |
| Jun 30, 2025 | 98.84% |
| Mar 31, 2025 | 96.06% |
| Dec 31, 2024 | 102.89% |
| Sep 30, 2024 | 95.96% |
| Jun 30, 2024 | 94.01% |
| Mar 31, 2024 | 98.45% |
| Dec 31, 2023 | 97.78% |
| Sep 30, 2023 | 99.97% |
| Jun 30, 2023 | 93.91% |
| Mar 31, 2023 | 97.34% |
| Dec 31, 2022 | 92.40% |
| Sep 30, 2022 | 64.12% |
| Jun 30, 2022 | 61.26% |
| Mar 31, 2022 | 92.43% |