Mgic Investment (MTG) Operating Margin (2009 - 2026)

Mgic Investment (MTG) reported Operating Margin of 26.23% for Q1 2026, up 617.0% on a YoY basis from 3.66% in Q1 2025, and up 106.01% quarter-over-quarter from 12.73% in Q4 2025.

Mgic Investment (MTG) Operating Margin (2009 - 2026) Analysis & Trends

Mgic Investment has reported Operating Margin for 18 years, with the latest figure at 26.23% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin rose 617.0% year-over-year to 26.23%; the trailing twelve-month figure through Mar 2026 stood at 18.57% (down 1016.0% YoY), and the FY2025 full-year result was 20.29%, down 491.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 26.23%, up from 12.73% in the prior quarter.
  • The five-year high for Operating Margin was 95.05% in Q4 2024, with the low at 11.31% in Q4 2022.
  • Historically, Operating Margin has averaged 26.76% across 5 years, with a median of 20.3% in 2024.
  • Annual changes were most pronounced in 2023 — Operating Margin jumped 5969 bps — and 2025, when it tumbled 8231 bps.
  • Mgic Investment's Operating Margin stood at 11.31% in 2022, then surged by 528 bps to 71.0% in 2023, then soared by 34 bps to 95.05% in 2024, then plunged by 87 bps to 12.73% in 2025, then surged by 106 bps to 26.23% in 2026.
  • The last three Operating Margin figures came in at 26.23% (Q1 2026), 12.73% (Q4 2025), and 20.43% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Fidelity National Financial 12.87 Bn 10.21 Bn 2.62 Bn 25.48%
2 Axis Capital Holdings 7.52 Bn 6.65 Bn - -
3 First American Financial 6.80 Bn 3.91 Bn 1.24 Bn 8.29%
4 Enact Holdings 6.01 Bn 5.46 Bn 205.74 Mn 29.19%
5 Mgic Investment 5.57 Bn 5.32 Bn 202.12 Mn 26.23%
6 Essent 5.47 Bn 5.47 Bn - 17.63%
7 Radian 4.74 Bn 4.66 Bn 368.17 Mn 14.95%
8 Ryan Specialty Holdings 4.62 Bn 5.05 Bn - 12.08%
9 Assured Guaranty 3.42 Bn -495.48 Mn 216.00 Mn 35.25%
10 NMI Holdings 2.82 Bn 2.75 Bn 152.85 Mn 15.59%

Historic Data

Download Data
DateValue
Mar 31, 2026 26.23%
Dec 31, 2025 12.73%
Sep 30, 2025 20.43%
Jun 30, 2025 20.05%
Mar 31, 2025 20.06%
Dec 31, 2024 95.05%
Sep 30, 2024 25.52%
Jun 30, 2024 25.25%
Mar 31, 2024 20.30%
Dec 31, 2023 71.00%
Sep 30, 2023 22.95%
Jun 30, 2023 18.01%
Mar 31, 2023 20.34%
Dec 31, 2022 11.31%
Sep 30, 2022 16.88%
Jun 30, 2022 13.75%
Mar 31, 2022 14.99%
Dec 31, 2021 9.22%
Sep 30, 2021 15.02%
Jun 30, 2021 13.81%