vs

Side-by-side financial comparison of MAGIC SOFTWARE ENTERPRISES LTD (MGIC) and Navios Maritime Partners L.P. (NMM). Click either name above to swap in a different company.

MAGIC SOFTWARE ENTERPRISES LTD is the larger business by last-quarter revenue ($419.6M vs $327.6M, roughly 1.3× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 8.4%, a 12.9% gap on every dollar of revenue.

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.

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

MGIC vs NMM — Head-to-Head

Bigger by revenue
MGIC
MGIC
1.3× larger
MGIC
$419.6M
$327.6M
NMM
Higher net margin
NMM
NMM
12.9% more per $
NMM
21.4%
8.4%
MGIC

Income Statement — Q3 FY2023 vs Q2 FY2025

Metric
MGIC
MGIC
NMM
NMM
Revenue
$419.6M
$327.6M
Net Profit
$35.3M
$69.9M
Gross Margin
27.1%
90.5%
Operating Margin
11.3%
Net Margin
8.4%
21.4%
Revenue YoY
-4.3%
Net Profit YoY
-31.1%
EPS (diluted)

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
MGIC
MGIC
NMM
NMM
Q2 25
$327.6M
Q2 24
$342.2M
Q3 23
$419.6M
Q2 23
$275.7M
$346.9M
Q1 23
$138.7M
Q3 22
$347.3M
Q2 22
$226.5M
$280.7M
Q1 22
$107.3M
Net Profit
MGIC
MGIC
NMM
NMM
Q2 25
$69.9M
Q2 24
$101.5M
Q3 23
$35.3M
Q2 23
$22.2M
$112.3M
Q1 23
$11.3M
Q3 22
$26.6M
Q2 22
$17.9M
$118.2M
Q1 22
$8.8M
Gross Margin
MGIC
MGIC
NMM
NMM
Q2 25
90.5%
Q2 24
88.3%
Q3 23
27.1%
Q2 23
26.9%
87.9%
Q1 23
27.1%
Q3 22
27.5%
Q2 22
27.8%
92.3%
Q1 22
28.1%
Operating Margin
MGIC
MGIC
NMM
NMM
Q2 25
Q2 24
Q3 23
11.3%
Q2 23
11.3%
Q1 23
11.6%
Q3 22
10.6%
Q2 22
11.0%
Q1 22
11.4%
Net Margin
MGIC
MGIC
NMM
NMM
Q2 25
21.4%
Q2 24
29.7%
Q3 23
8.4%
Q2 23
8.1%
32.4%
Q1 23
8.1%
Q3 22
7.7%
Q2 22
7.9%
42.1%
Q1 22
8.2%
EPS (diluted)
MGIC
MGIC
NMM
NMM
Q2 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
$0.47
Q2 22
$0.31
Q1 22
$0.15

Balance Sheet & Financial Strength

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

Metric
MGIC
MGIC
NMM
NMM
Cash + ST InvestmentsLiquidity on hand
$83.1M
$377.0M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$276.3M
Total Assets
$505.1M
$5.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGIC
MGIC
NMM
NMM
Q2 25
$377.0M
Q2 24
$272.0M
Q3 23
$83.1M
Q2 23
$83.1M
$261.4M
Q1 23
$83.1M
Q3 22
$88.1M
Q2 22
$88.1M
$163.4M
Q1 22
$88.1M
Total Debt
MGIC
MGIC
NMM
NMM
Q2 25
$2.0B
Q2 24
$1.4B
Q3 23
Q2 23
$1.6B
Q1 23
Q3 22
Q2 22
$1.1B
Q1 22
Stockholders' Equity
MGIC
MGIC
NMM
NMM
Q2 25
Q2 24
Q3 23
$276.3M
Q2 23
$276.3M
$2.6B
Q1 23
$276.3M
Q3 22
$275.7M
Q2 22
$275.7M
$2.0B
Q1 22
$275.7M
Total Assets
MGIC
MGIC
NMM
NMM
Q2 25
$5.9B
Q2 24
$5.3B
Q3 23
$505.1M
Q2 23
$505.1M
$5.0B
Q1 23
$505.1M
Q3 22
$492.0M
Q2 22
$492.0M
$3.7B
Q1 22
$492.0M
Debt / Equity
MGIC
MGIC
NMM
NMM
Q2 25
Q2 24
Q3 23
Q2 23
0.64×
Q1 23
Q3 22
Q2 22
0.54×
Q1 22

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGIC
MGIC
NMM
NMM
Q2 25
Q2 24
Q3 23
$40.3M
Q2 23
$18.4M
Q1 23
$12.8M
Q3 22
$34.2M
Q2 22
$28.0M
Q1 22
$15.9M
Free Cash Flow
MGIC
MGIC
NMM
NMM
Q2 25
Q2 24
Q3 23
$37.0M
Q2 23
$16.2M
Q1 23
$12.5M
Q3 22
$33.2M
Q2 22
$27.4M
Q1 22
$15.4M
FCF Margin
MGIC
MGIC
NMM
NMM
Q2 25
Q2 24
Q3 23
8.8%
Q2 23
5.9%
Q1 23
9.0%
Q3 22
9.6%
Q2 22
12.1%
Q1 22
14.3%
Capex Intensity
MGIC
MGIC
NMM
NMM
Q2 25
Q2 24
Q3 23
0.8%
Q2 23
0.8%
Q1 23
0.2%
Q3 22
0.3%
Q2 22
0.3%
Q1 22
0.5%
Cash Conversion
MGIC
MGIC
NMM
NMM
Q2 25
Q2 24
Q3 23
1.14×
Q2 23
0.83×
Q1 23
1.13×
Q3 22
1.28×
Q2 22
1.57×
Q1 22
1.80×

Financial Flow Comparison

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

Related Comparisons