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Radian Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $228 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $859 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Radian Group's annualized ROC % for the quarter that ended in Mar. 2024 was 9.11%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Radian Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 13.65%.
The historical data trend for Radian Group's EBIT can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Radian Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 905.30 | 550.59 | 849.18 | 1,037.23 | 857.18 |
Radian Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
EBIT | Get a 7-Day Free Trial | 225.45 | 205.32 | 225.29 | 200.36 | 227.70 |
For the Insurance - Specialty subindustry, Radian Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Insurance industry and Financial Services sector, Radian Group's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Radian Group's EV-to-EBIT falls into.
EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.
EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $859 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Radian Group (NYSE:RDN) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Radian Group's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:
ROC % (Q: Mar. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | EBIT * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Dec. 2023 ) | + | Invested Capital (Q: Mar. 2024 )) | / count ) |
= | 910.78 * ( 1 - 23.3% ) | / | ( (7591.2351 | + | 7748.8429) | / 2 ) |
= | 698.56826 | / | 7670.039 | |||
= | 9.11 % |
where
Invested Capital | (Q: Dec. 2023 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 7593.933 | - | 0 | - | ( 18.999 | - | 5% * 326.022 ) |
= | 7591.2351 |
Invested Capital | (Q: Mar. 2024 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 7759.865 | - | 0 | - | ( 26.993 | - | 5% * 319.418 ) |
= | 7748.8429 |
Note: The EBIT data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
ROC (Joel Greenblatt) % does not apply to banks and insurance companies.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Radian Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | 858.659 | / | 6292.760 | |
= | 13.65 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of Radian Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory Serio | director | RADIAN GROUP INC., 1601 MARKET ST., PHILADELPHIA PA 19103 |
Lisa Hess | director | RADIAN GROUP, 1601 MARKET ST, PHILADELPHIA PA 19103 |
Margaret Anne Leyden | director | 550 E. SWEDESFORD RD.,, STE 350, WAYNE PA 19087 |
Edward J Hoffman | officer: SVP, Secretary and General Cou | 1601 MARKET STREET, PHILADELPHIA PA 19103 |
Lisa Mumford | director | 6 BEACHWOOD COURT, DIX HILLS NY 11746 |
Eric Ray | officer: Sr, Executive Vice President | C/O RADIAN, 1500 MARKET ST., #2050W, PHILADELPHIA PA 19102 |
Noel Joseph Spiegel | director | RADIAN GROUP INC., 1601 MARKET STREET, PHILADELPHIA PA 19103 |
Howard Bernard Culang | director | 9 MARISSA COURT, ATLANTIC HIGHLANDS NJ 07716 |
Derek Brummer | officer: Chief Risk Officer | RADIAN GROUP INC., 1601 MARKET ST, PHILADELPHIA PA 19103 |
Sumita Pandit | officer: Sr. EVP, Chief Growth Officer | 550 EAST SWEDESFORD RD., #350, WAYNE PA 19087 |
Fawad Ahmad | director | C/) RADIAN GROUP INC., 550 E. SWEDESFORD RD., #350, WAYNE PA 19087 |
Brien Mcmahon | officer: EVP & Chief Franchise Officer | 1500 MARKET ST., WEST TOWER, #2050, PHILADELPHIA PA 19102 |
Richard G Thornberry | director, officer: Chief Executive Officer | RADIAN, 1601 MARKET ST, PHILADELPHIA PA 19103 |
Mary Dickerson | officer: EVP Chief People Officer | RADIAN GROUP INC., 1500 MARKET ST., #2050W, PHILADELPHIA PA 19102 |
Brad L. Conner | director | CITIZENS FINANCIAL GROUP, 600 WASHINGTON BLVD., CS119N, STAMFORD CT 06901 |
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