MGIC InvestmentMTG +2.11%85 Net Margin % is 55.64% as of Mar. 2026, which is 3% below its 10-year median of 57.57. GuruFocus rates MTG with a GF Score™ of 85/100 and a GF Value™ of $28.23 (Fairly Valued). The stock has 2 warning signs investors should review. Among 503 Insurance companies, MGIC Investment ranks better than 97.22% on this metric.
Net margin is calculated as Net Income divided by its Revenue. MGIC Investment's Net Income for the
three
months ended in Mar. 2026 was $165 Mil. MGIC Investment's Revenue for the
three
months ended in Mar. 2026 was $297 Mil. Therefore, MGIC Investment's net margin for the quarter that ended in Mar. 2026 was 55.64%.
The historical rank and industry rank for MGIC Investment's Net Margin % or its related term are showing as below:
MTG'
s Net Margin % Range Over the Past 10 Years
Min: 32.24 Med: 57.57 Max: 73.79
Current: 59.63
MTG's Net Margin % is ranked better than 97.22% of 503
companies
in the Insurance industry
Industry Median: 9.29
vs MTG: 59.63
MGIC Investment (NYSE:MTG) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
MGIC Investment Net Margin % Related Terms
MGIC Investment Net Margin % Historical Data
* Premium members only.
The historical data trend for MGIC Investment's Net Margin % 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.
For the Insurance - Specialty subindustry, MGIC Investment's Net Margin %, along with its competitors' market caps and Net Margin % 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.
MGIC Investment Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, MGIC Investment's Net Margin % distribution charts can be found below:
* The bar in red indicates where MGIC Investment's Net Margin % falls into.
* 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.
MGIC Investment (MTG) has a Net Margin % of 55.64% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on MGIC Investment and its competitors. This is near median its historical median of 57.57. Over the past decade, MGIC Investment's Net Margin % has ranged from 32.24 to 73.79. According to the industry distribution chart, MGIC Investment ranks #14 out of 503 companies in the Insurance industry, placing it in the top 2.8%.
Is MGIC Investment's Net Margin % too high?
MGIC Investment's current Net Margin % of 55.64% is near median its 10-year median of 57.57. Over the past 10 years, this metric has ranged from a low of 32.24 to a high of 73.79. The Insurance industry median Net Margin % is 9.29. MGIC Investment's value of 55.64% is 498.9% above this industry median. Based on the distribution chart, MGIC Investment ranks #14 out of 503 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, MGIC Investment has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGIC Investment's Net Margin % compare to ESNT and ACT?
According to the Insurance industry distribution chart, MGIC Investment ranks #14 out of 503 companies for Net Margin %. This places MGIC Investment in the top 3% of its industry — outperforming the majority of peers. The industry median Net Margin % is 9.29. MGIC Investment's value of 55.64% is 498.9% above this benchmark. Historically, MGIC Investment's own Net Margin % has ranged from 32.24 to 73.79 over the past decade. While the company's 10-year median is 57.57 vs. the industry median of 9.29, MGIC Investment has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Insurance company?
The median Net Margin % among Insurance companies is 9.29, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MGIC Investment's current Net Margin % of 55.64% is 498.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on MGIC Investment and its competitors. For the Insurance industry, the median Net Margin % is 9.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGIC Investment's current Net Margin % is 55.64%, which is near median its own 10-year median of 57.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGIC Investment stock overvalued right now?
Based on GuruFocus' analysis, MGIC Investment (MTG) is currently considered Fairly Valued. The stock's GF Value™ is $28.23, compared to a current price of $27.05 — trading 4.2% below its estimated fair value. The current Net Margin % is 55.64%, which is near median its 10-year median of 57.57 and 498.9% above the Insurance industry median of 9.29. MGIC Investment's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For MGIC Investment (MTG), the current Net Margin % is 55.64% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MGIC Investment (MTG) Overvalued in 2026?
Based on GuruFocus' analysis, MGIC Investment stock appears to be undervalued.
The current stock price of $27.05 is trading 4.2% below its estimated GF Value™ of $28.23.
GuruFocus considers MGIC Investment to be Fairly Valued.
Key valuation signals for MTG:
Net Margin %: 55.64% (near median its 10-year median of 57.57)
GF Value™: $28.23 vs. price of $27.05 (4.2% below fair value)
Industry Position: 498.9% above the Insurance median (#14 of 503)
No single metric tells the full story. See the MTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection account for close to the majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia, and New York.
85GF Score
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