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Side-by-side financial comparison of Embecta Corp. (EMBC) and MGIC INVESTMENT CORP (MTG). Click either name above to swap in a different company.

MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($297.1M vs $261.2M, roughly 1.1× Embecta Corp.). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 16.9%, a 38.8% gap on every dollar of revenue. On growth, Embecta Corp. posted the faster year-over-year revenue change (-0.3% vs -3.0%). Over the past eight quarters, MGIC INVESTMENT CORP's revenue compounded faster (-1.4% CAGR vs -4.6%).

Embecta Corp. is a global medical technology company focused on diabetes care solutions. It designs, manufactures and distributes a full portfolio of products including insulin pen needles, syringes, infusion set components and related delivery devices, serving patients, healthcare providers and biopharmaceutical partners across North America, Europe, Asia Pacific and other major markets.

MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.

EMBC vs MTG — Head-to-Head

Bigger by revenue
MTG
MTG
1.1× larger
MTG
$297.1M
$261.2M
EMBC
Growing faster (revenue YoY)
EMBC
EMBC
+2.7% gap
EMBC
-0.3%
-3.0%
MTG
Higher net margin
MTG
MTG
38.8% more per $
MTG
55.6%
16.9%
EMBC
Faster 2-yr revenue CAGR
MTG
MTG
Annualised
MTG
-1.4%
-4.6%
EMBC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EMBC
EMBC
MTG
MTG
Revenue
$261.2M
$297.1M
Net Profit
$44.1M
$165.3M
Gross Margin
61.9%
Operating Margin
31.9%
Net Margin
16.9%
55.6%
Revenue YoY
-0.3%
-3.0%
Net Profit YoY
-10.9%
EPS (diluted)
$0.74
$0.76

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EMBC
EMBC
MTG
MTG
Q1 26
$297.1M
Q4 25
$261.2M
$298.7M
Q3 25
$264.0M
$304.5M
Q2 25
$295.5M
$304.2M
Q1 25
$259.0M
$306.2M
Q4 24
$261.9M
$301.4M
Q3 24
$286.1M
$306.6M
Q2 24
$272.5M
$305.3M
Net Profit
EMBC
EMBC
MTG
MTG
Q1 26
$165.3M
Q4 25
$44.1M
$169.3M
Q3 25
$26.4M
$191.1M
Q2 25
$45.5M
$192.5M
Q1 25
$23.5M
$185.5M
Q4 24
$0
$184.7M
Q3 24
$14.6M
$200.0M
Q2 24
$14.7M
$204.2M
Gross Margin
EMBC
EMBC
MTG
MTG
Q1 26
Q4 25
61.9%
Q3 25
60.0%
Q2 25
66.7%
Q1 25
63.4%
Q4 24
60.0%
Q3 24
60.7%
Q2 24
69.8%
Operating Margin
EMBC
EMBC
MTG
MTG
Q1 26
Q4 25
31.9%
71.2%
Q3 25
21.4%
77.2%
Q2 25
31.8%
80.9%
Q1 25
24.3%
76.6%
Q4 24
11.0%
77.9%
Q3 24
9.2%
82.9%
Q2 24
20.5%
85.1%
Net Margin
EMBC
EMBC
MTG
MTG
Q1 26
55.6%
Q4 25
16.9%
56.7%
Q3 25
10.0%
62.8%
Q2 25
15.4%
63.3%
Q1 25
9.1%
60.6%
Q4 24
61.3%
Q3 24
5.1%
65.2%
Q2 24
5.4%
66.9%
EPS (diluted)
EMBC
EMBC
MTG
MTG
Q1 26
$0.76
Q4 25
$0.74
$0.75
Q3 25
$0.44
$0.83
Q2 25
$0.78
$0.81
Q1 25
$0.40
$0.75
Q4 24
$0.00
$0.71
Q3 24
$0.24
$0.77
Q2 24
$0.25
$0.77

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EMBC
EMBC
MTG
MTG
Cash + ST InvestmentsLiquidity on hand
$201.3M
$235.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-613.1M
$5.0B
Total Assets
$1.1B
$6.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EMBC
EMBC
MTG
MTG
Q1 26
$235.1M
Q4 25
$201.3M
$369.0M
Q3 25
$225.5M
$266.9M
Q2 25
$230.6M
$294.9M
Q1 25
$209.3M
$207.0M
Q4 24
$210.0M
$229.5M
Q3 24
$267.5M
$288.6M
Q2 24
$275.1M
$281.8M
Total Debt
EMBC
EMBC
MTG
MTG
Q1 26
Q4 25
Q3 25
$1.4B
Q2 25
Q1 25
Q4 24
Q3 24
$1.6B
Q2 24
Stockholders' Equity
EMBC
EMBC
MTG
MTG
Q1 26
$5.0B
Q4 25
$-613.1M
$5.1B
Q3 25
$-650.6M
$5.2B
Q2 25
$-669.6M
$5.2B
Q1 25
$-736.2M
$5.1B
Q4 24
$-768.8M
$5.2B
Q3 24
$-738.3M
$5.3B
Q2 24
$-763.7M
$5.1B
Total Assets
EMBC
EMBC
MTG
MTG
Q1 26
$6.4B
Q4 25
$1.1B
$6.6B
Q3 25
$1.1B
$6.6B
Q2 25
$1.2B
$6.5B
Q1 25
$1.1B
$6.5B
Q4 24
$1.1B
$6.5B
Q3 24
$1.3B
$6.7B
Q2 24
$1.3B
$6.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EMBC
EMBC
MTG
MTG
Operating Cash FlowLast quarter
$17.2M
Free Cash FlowOCF − Capex
$16.6M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters
$205.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EMBC
EMBC
MTG
MTG
Q1 26
Q4 25
$17.2M
$230.8M
Q3 25
$84.0M
$215.4M
Q2 25
$81.2M
$183.0M
Q1 25
$31.8M
$223.7M
Q4 24
$-5.3M
$182.4M
Q3 24
$26.6M
$182.9M
Q2 24
$-2.1M
$169.2M
Free Cash Flow
EMBC
EMBC
MTG
MTG
Q1 26
Q4 25
$16.6M
$230.2M
Q3 25
$76.7M
$215.1M
Q2 25
$80.8M
$183.0M
Q1 25
$31.7M
$223.5M
Q4 24
$-6.8M
$181.9M
Q3 24
$182.5M
Q2 24
$-11.8M
$169.0M
FCF Margin
EMBC
EMBC
MTG
MTG
Q1 26
Q4 25
6.4%
77.1%
Q3 25
29.1%
70.6%
Q2 25
27.3%
60.1%
Q1 25
12.2%
73.0%
Q4 24
-2.6%
60.3%
Q3 24
59.5%
Q2 24
-4.3%
55.3%
Capex Intensity
EMBC
EMBC
MTG
MTG
Q1 26
Q4 25
0.2%
0.2%
Q3 25
2.8%
0.1%
Q2 25
0.1%
0.0%
Q1 25
0.0%
0.0%
Q4 24
0.6%
0.2%
Q3 24
0.0%
0.1%
Q2 24
3.6%
0.1%
Cash Conversion
EMBC
EMBC
MTG
MTG
Q1 26
Q4 25
0.39×
1.36×
Q3 25
3.18×
1.13×
Q2 25
1.78×
0.95×
Q1 25
1.35×
1.21×
Q4 24
0.99×
Q3 24
1.82×
0.91×
Q2 24
-0.14×
0.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EMBC
EMBC

Pen Needles$185.5M71%
Safety$37.3M14%
Syringes$30.7M12%
Manufacturing Facility$4.1M2%

MTG
MTG

Segment breakdown not available.

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