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
DateValue
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%