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Radian Group vs Mgic Investment: RDN and MTG compared
Radian Group is the larger company: $624M of revenue in its latest quarter (Q3 2026) against $299M for Mgic Investment (Q3 2026). Radian Group is growing faster (+106% against -2% a year earlier). Mgic Investment is more profitable, with an operating margin of 74.0% against 36.6%.
Where the money goes: RDN and MTG
Radian Group (RDN) · Q3 2026
Radian Group, Q3 2026: revenue $624M (+106% year over year), operating margin 36.6%, net earnings $164M, operating cash flow $380M. The chart follows the revenue to costs, profit and cash.
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.
| Radian Group (RDN) | Mgic Investment (MTG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $624M | $299M |
| Revenue growth, Y/Y | +106% | -2% |
| Operating margin | 36.6% | 74.0% |
| Net earnings | $164M | $175M |
| Net margin | 26.2% | 58.5% |
| Operating cash flow | $380M | $216M |
| Free cash flow | $379M | $216M |
| Market value | $4.8B | $5.6B |
| P/E | 8.4× | 8.5× |
| Analysts’ mean target | $42.57 | $30.33 |
Questions
Which is bigger, Radian Group or Mgic Investment?
Radian Group is the larger company: $624M of revenue in its latest quarter (Q3 2026) against $299M for Mgic Investment (Q3 2026).
Is Radian Group or Mgic Investment growing faster?
Radian Group is growing faster (+106% against -2% a year earlier).
Which is more profitable, Radian Group or Mgic Investment?
Mgic Investment is more profitable, with an operating margin of 74.0% against 36.6%.
More: Radian Group earnings · how Radian Group makes money · Mgic Investment earnings · how Mgic Investment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.