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Side-by-side financial comparison of FTAI Infrastructure Inc. (FIP) 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 $188.4M, roughly 1.6× FTAI Infrastructure Inc.). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs -79.7%, a 135.4% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (95.9% vs -3.0%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (49.0% CAGR vs -1.4%).
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.
FIP vs MTG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $188.4M | $297.1M |
| Net Profit | $-150.2M | $165.3M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -79.7% | 55.6% |
| Revenue YoY | 95.9% | -3.0% |
| Net Profit YoY | -387.6% | -10.9% |
| EPS (diluted) | $-1.32 | $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.
| Q1 26 | $188.4M | $297.1M | ||
| Q4 25 | $143.5M | $298.7M | ||
| Q3 25 | $140.6M | $304.5M | ||
| Q2 25 | $122.3M | $304.2M | ||
| Q1 25 | $96.2M | $306.2M | ||
| Q4 24 | $80.8M | $301.4M | ||
| Q3 24 | $83.3M | $306.6M | ||
| Q2 24 | $84.9M | $305.3M |
| Q1 26 | $-150.2M | $165.3M | ||
| Q4 25 | $-97.7M | $169.3M | ||
| Q3 25 | $-104.5M | $191.1M | ||
| Q2 25 | $-70.0M | $192.5M | ||
| Q1 25 | $120.2M | $185.5M | ||
| Q4 24 | $-124.7M | $184.7M | ||
| Q3 24 | $-43.0M | $200.0M | ||
| Q2 24 | $-48.1M | $204.2M |
| Q1 26 | — | — | ||
| Q4 25 | -45.7% | 71.2% | ||
| Q3 25 | -70.8% | 77.2% | ||
| Q2 25 | -56.4% | 80.9% | ||
| Q1 25 | 81.8% | 76.6% | ||
| Q4 24 | -152.7% | 77.9% | ||
| Q3 24 | -51.7% | 82.9% | ||
| Q2 24 | -56.4% | 85.1% |
| Q1 26 | -79.7% | 55.6% | ||
| Q4 25 | -68.1% | 56.7% | ||
| Q3 25 | -74.4% | 62.8% | ||
| Q2 25 | -57.2% | 63.3% | ||
| Q1 25 | 125.0% | 60.6% | ||
| Q4 24 | -154.4% | 61.3% | ||
| Q3 24 | -51.6% | 65.2% | ||
| Q2 24 | -56.7% | 66.9% |
| Q1 26 | $-1.32 | $0.76 | ||
| Q4 25 | $-1.04 | $0.75 | ||
| Q3 25 | $-1.38 | $0.83 | ||
| Q2 25 | $-0.73 | $0.81 | ||
| Q1 25 | $0.89 | $0.75 | ||
| Q4 24 | $-1.21 | $0.71 | ||
| Q3 24 | $-0.45 | $0.77 | ||
| Q2 24 | $-0.52 | $0.77 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $37.9M | $235.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-122.5K | $5.0B |
| Total Assets | $5.7B | $6.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $37.9M | $235.1M | ||
| Q4 25 | $57.4M | $369.0M | ||
| Q3 25 | $34.7M | $266.9M | ||
| Q2 25 | $33.6M | $294.9M | ||
| Q1 25 | $26.3M | $207.0M | ||
| Q4 24 | $27.8M | $229.5M | ||
| Q3 24 | $20.3M | $288.6M | ||
| Q2 24 | $33.1M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | $-122.5K | $5.0B | ||
| Q4 25 | $21.3M | $5.1B | ||
| Q3 25 | $181.1M | $5.2B | ||
| Q2 25 | $375.5M | $5.2B | ||
| Q1 25 | $476.2M | $5.1B | ||
| Q4 24 | $202.7M | $5.2B | ||
| Q3 24 | $370.8M | $5.3B | ||
| Q2 24 | $394.8M | $5.1B |
| Q1 26 | $5.7B | $6.4B | ||
| Q4 25 | $5.7B | $6.6B | ||
| Q3 25 | $5.5B | $6.6B | ||
| Q2 25 | $4.4B | $6.5B | ||
| Q1 25 | $4.1B | $6.5B | ||
| Q4 24 | $2.4B | $6.5B | ||
| Q3 24 | $2.4B | $6.7B | ||
| Q2 24 | $2.5B | $6.5B |
| Q1 26 | — | — | ||
| Q4 25 | 176.99× | — | ||
| Q3 25 | 20.59× | — | ||
| Q2 25 | 8.21× | — | ||
| Q1 25 | 5.79× | — | ||
| Q4 24 | 7.84× | — | ||
| Q3 24 | 4.14× | — | ||
| Q2 24 | 3.94× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-69.4M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-69.4M | — | ||
| Q4 25 | $-2.8M | $230.8M | ||
| Q3 25 | $-24.4M | $215.4M | ||
| Q2 25 | $-5.2M | $183.0M | ||
| Q1 25 | $-85.7M | $223.7M | ||
| Q4 24 | $-8.1M | $182.4M | ||
| Q3 24 | $14.2M | $182.9M | ||
| Q2 24 | $-17.6M | $169.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-68.6M | $230.2M | ||
| Q3 25 | $-90.7M | $215.1M | ||
| Q2 25 | $-87.5M | $183.0M | ||
| Q1 25 | $-151.7M | $223.5M | ||
| Q4 24 | $-34.3M | $181.9M | ||
| Q3 24 | $-11.7M | $182.5M | ||
| Q2 24 | $-32.1M | $169.0M |
| Q1 26 | — | — | ||
| Q4 25 | -47.8% | 77.1% | ||
| Q3 25 | -64.5% | 70.6% | ||
| Q2 25 | -71.6% | 60.1% | ||
| Q1 25 | -157.7% | 73.0% | ||
| Q4 24 | -42.4% | 60.3% | ||
| Q3 24 | -14.0% | 59.5% | ||
| Q2 24 | -37.9% | 55.3% |
| Q1 26 | — | — | ||
| Q4 25 | 45.9% | 0.2% | ||
| Q3 25 | 47.2% | 0.1% | ||
| Q2 25 | 67.3% | 0.0% | ||
| Q1 25 | 68.6% | 0.0% | ||
| Q4 24 | 32.5% | 0.2% | ||
| Q3 24 | 31.1% | 0.1% | ||
| Q2 24 | 17.2% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | -0.71× | 1.21× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
