Filing Flows › Comparisons › MTG vs NMIH
Mgic Investment vs NMI Holdings: MTG and NMIH compared
Mgic Investment is the larger company: $299M of revenue in its latest quarter (Q3 2026) against $188M for NMI Holdings (Q3 2026). NMI Holdings is growing faster (+5% against -2% a year earlier). Mgic Investment is more profitable, with an operating margin of 74.0% against 64.1%.
Where the money goes: MTG and NMIH
Mgic Investment (MTG) · Q3 2026
Mgic Investment, Q3 2026: revenue $299M (-2% year over year), operating margin 74.0%, net earnings $175M, operating cash flow $216M. The chart follows the revenue to costs, profit and cash.
NMI Holdings (NMIH) · Q3 2026
NMI Holdings, Q3 2026: revenue $188M (+5% year over year), operating margin 64.1%, net earnings $93.5M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Mgic Investment (MTG) | NMI Holdings (NMIH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $299M | $188M |
| Revenue growth, Y/Y | -2% | +5% |
| Operating margin | 74.0% | 64.1% |
| Net earnings | $175M | $93.5M |
| Net margin | 58.5% | 49.8% |
| Operating cash flow | $216M | $111M |
| Free cash flow | $216M | $109M |
| Market value | $5.6B | $3.0B |
| P/E | 8.5× | 7.6× |
| Analysts’ mean target | $30.33 | $48.00 |
Questions
Which is bigger, Mgic Investment or NMI Holdings?
Mgic Investment is the larger company: $299M of revenue in its latest quarter (Q3 2026) against $188M for NMI Holdings (Q3 2026).
Is Mgic Investment or NMI Holdings growing faster?
NMI Holdings is growing faster (+5% against -2% a year earlier).
Which is more profitable, Mgic Investment or NMI Holdings?
Mgic Investment is more profitable, with an operating margin of 74.0% against 64.1%.
More: Mgic Investment earnings · how Mgic Investment makes money · NMI Holdings earnings · how NMI Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.