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Side-by-side financial comparison of FMC CORP (FMC) and MAGIC SOFTWARE ENTERPRISES LTD (MGIC). Click either name above to swap in a different company.

FMC CORP is the larger business by last-quarter revenue ($759.0M vs $419.6M, roughly 1.8× MAGIC SOFTWARE ENTERPRISES LTD). MAGIC SOFTWARE ENTERPRISES LTD runs the higher net margin — 8.4% vs -37.0%, a 45.5% gap on every dollar of revenue. MAGIC SOFTWARE ENTERPRISES LTD produced more free cash flow last quarter ($37.0M vs $-628.1M).

FMC Corporation is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania, which originated as an insecticide producer in 1883 and later diversified into other industries. In 1941 at the beginning of US involvement in WWII, the company received a contract to design and build amphibious tracked landing vehicles for the United States Department of War, and afterwards the company continued to diversify its products. FMC employs 7,000 people worldwide, and had gros...

Magic Software Enterprises provides low-code integration and data management platforms that simplify the connection between legacy on-premise systems and modern cloud applications. Its flagship products — Magic xpi Integration Platform and FactoryEye Smart Factory Solution, enable enterprises to achieve end-to-end visibility, faster cloud migration, and managed integration services.

FMC vs MGIC — Head-to-Head

Bigger by revenue
FMC
FMC
1.8× larger
FMC
$759.0M
$419.6M
MGIC
Higher net margin
MGIC
MGIC
45.5% more per $
MGIC
8.4%
-37.0%
FMC
More free cash flow
MGIC
MGIC
$665.0M more FCF
MGIC
$37.0M
$-628.1M
FMC

Income Statement — Q1 FY2026 vs Q3 FY2023

Metric
FMC
FMC
MGIC
MGIC
Revenue
$759.0M
$419.6M
Net Profit
$-281.2M
$35.3M
Gross Margin
27.1%
Operating Margin
-10.6%
11.3%
Net Margin
-37.0%
8.4%
Revenue YoY
-4.0%
Net Profit YoY
EPS (diluted)
$-2.25

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
FMC
FMC
MGIC
MGIC
Q1 26
$759.0M
Q4 25
$1.1B
Q3 25
$542.2M
Q2 25
$1.1B
Q1 25
$791.4M
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$1.0B
Net Profit
FMC
FMC
MGIC
MGIC
Q1 26
$-281.2M
Q4 25
$-1.7B
Q3 25
$-569.3M
Q2 25
$66.7M
Q1 25
$-15.5M
Q4 24
$-16.3M
Q3 24
$65.0M
Q2 24
$295.1M
Gross Margin
FMC
FMC
MGIC
MGIC
Q1 26
Q4 25
39.8%
Q3 25
23.8%
Q2 25
38.7%
Q1 25
40.0%
Q4 24
42.9%
Q3 24
36.3%
Q2 24
38.3%
Operating Margin
FMC
FMC
MGIC
MGIC
Q1 26
-10.6%
Q4 25
-130.8%
Q3 25
-73.1%
Q2 25
12.0%
Q1 25
7.4%
Q4 24
19.2%
Q3 24
12.7%
Q2 24
6.0%
Net Margin
FMC
FMC
MGIC
MGIC
Q1 26
-37.0%
Q4 25
-158.8%
Q3 25
-105.0%
Q2 25
6.3%
Q1 25
-2.0%
Q4 24
-1.3%
Q3 24
6.1%
Q2 24
28.4%
EPS (diluted)
FMC
FMC
MGIC
MGIC
Q1 26
$-2.25
Q4 25
$-13.77
Q3 25
$-4.52
Q2 25
$0.53
Q1 25
$-0.12
Q4 24
$-0.13
Q3 24
$0.52
Q2 24
$2.35

Balance Sheet & Financial Strength

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

Metric
FMC
FMC
MGIC
MGIC
Cash + ST InvestmentsLiquidity on hand
$390.9M
$83.1M
Total DebtLower is stronger
$2.8B
Stockholders' EquityBook value
$1.8B
$276.3M
Total Assets
$9.4B
$505.1M
Debt / EquityLower = less leverage
1.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMC
FMC
MGIC
MGIC
Q1 26
$390.9M
Q4 25
$584.5M
Q3 25
$497.7M
Q2 25
$438.2M
Q1 25
$315.3M
Q4 24
$357.3M
Q3 24
$416.7M
Q2 24
$471.5M
Total Debt
FMC
FMC
MGIC
MGIC
Q1 26
$2.8B
Q4 25
$3.4B
Q3 25
$3.4B
Q2 25
$3.4B
Q1 25
$3.1B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$3.1B
Stockholders' Equity
FMC
FMC
MGIC
MGIC
Q1 26
$1.8B
Q4 25
$2.1B
Q3 25
$3.8B
Q2 25
$4.4B
Q1 25
$4.4B
Q4 24
$4.5B
Q3 24
$4.6B
Q2 24
$4.6B
Total Assets
FMC
FMC
MGIC
MGIC
Q1 26
$9.4B
Q4 25
$9.7B
Q3 25
$12.1B
Q2 25
$12.3B
Q1 25
$11.8B
Q4 24
$11.7B
Q3 24
$12.2B
Q2 24
$12.1B
Debt / Equity
FMC
FMC
MGIC
MGIC
Q1 26
1.50×
Q4 25
1.62×
Q3 25
0.89×
Q2 25
0.76×
Q1 25
0.71×
Q4 24
0.69×
Q3 24
0.68×
Q2 24
0.68×

Cash Flow & Capital Efficiency

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

Metric
FMC
FMC
MGIC
MGIC
Operating Cash FlowLast quarter
$40.3M
Free Cash FlowOCF − Capex
$-628.1M
$37.0M
FCF MarginFCF / Revenue
-82.8%
8.8%
Capex IntensityCapex / Revenue
2.2%
0.8%
Cash ConversionOCF / Net Profit
1.14×
TTM Free Cash FlowTrailing 4 quarters
$-154.0M
$98.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMC
FMC
MGIC
MGIC
Q1 26
Q4 25
$657.1M
Q3 25
$-184.2M
Q2 25
$65.9M
Q1 25
$-545.0M
Q4 24
$427.9M
Q3 24
$159.5M
Q2 24
$292.2M
Free Cash Flow
FMC
FMC
MGIC
MGIC
Q1 26
$-628.1M
Q4 25
$631.1M
Q3 25
$-207.9M
Q2 25
$50.9M
Q1 25
$-576.6M
Q4 24
$406.3M
Q3 24
$143.8M
Q2 24
$282.3M
FCF Margin
FMC
FMC
MGIC
MGIC
Q1 26
-82.8%
Q4 25
58.3%
Q3 25
-38.3%
Q2 25
4.8%
Q1 25
-72.9%
Q4 24
33.2%
Q3 24
13.5%
Q2 24
27.2%
Capex Intensity
FMC
FMC
MGIC
MGIC
Q1 26
2.2%
Q4 25
2.4%
Q3 25
4.4%
Q2 25
1.4%
Q1 25
4.0%
Q4 24
1.8%
Q3 24
1.5%
Q2 24
1.0%
Cash Conversion
FMC
FMC
MGIC
MGIC
Q1 26
Q4 25
Q3 25
Q2 25
0.99×
Q1 25
Q4 24
Q3 24
2.45×
Q2 24
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FMC
FMC

EMEA$307.0M40%
North America$198.0M26%
Latin America$177.0M23%
Asia (excluding 2026 India) 1$81.0M11%

MGIC
MGIC

Segment breakdown not available.

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