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Side-by-side financial comparison of MAGIC SOFTWARE ENTERPRISES LTD (MGIC) and GIBRALTAR INDUSTRIES, INC. (ROCK). 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 $225.0M, roughly 1.9× GIBRALTAR INDUSTRIES, INC.). MAGIC SOFTWARE ENTERPRISES LTD produced more free cash flow last quarter ($37.0M vs $26.2M).

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.

Gibraltar Industries, Inc. is a leading manufacturer and distributor of specialized building, infrastructure, and renewable energy products. Its offerings include ventilation systems, roofing accessories, solar mounting solutions, and landscape and garden products, serving residential, commercial construction, and clean energy markets primarily across North America, with a focus on innovative, sustainable solutions for its customers.

MGIC vs ROCK — Head-to-Head

Bigger by revenue
MGIC
MGIC
1.9× larger
MGIC
$419.6M
$225.0M
ROCK
More free cash flow
MGIC
MGIC
$10.7M more FCF
MGIC
$37.0M
$26.2M
ROCK

Income Statement — Q3 FY2023 vs Q4 FY2025

Metric
MGIC
MGIC
ROCK
ROCK
Revenue
$419.6M
$225.0M
Net Profit
$35.3M
Gross Margin
27.1%
25.3%
Operating Margin
11.3%
7.9%
Net Margin
8.4%
Revenue YoY
24.9%
Net Profit YoY
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
ROCK
ROCK
Q4 25
$225.0M
Q3 25
$310.9M
Q2 25
$309.5M
Q1 25
$290.0M
Q4 24
$180.1M
Q3 24
$277.1M
Q2 24
$273.6M
Q1 24
$292.5M
Net Profit
MGIC
MGIC
ROCK
ROCK
Q4 25
Q3 25
$-89.1M
Q2 25
$26.0M
Q1 25
$21.1M
Q4 24
Q3 24
$34.0M
Q2 24
$32.2M
Q1 24
$24.9M
Gross Margin
MGIC
MGIC
ROCK
ROCK
Q4 25
25.3%
Q3 25
26.6%
Q2 25
28.4%
Q1 25
26.8%
Q4 24
29.0%
Q3 24
29.4%
Q2 24
30.5%
Q1 24
28.9%
Operating Margin
MGIC
MGIC
ROCK
ROCK
Q4 25
7.9%
Q3 25
12.8%
Q2 25
12.8%
Q1 25
8.8%
Q4 24
13.3%
Q3 24
15.6%
Q2 24
14.9%
Q1 24
10.8%
Net Margin
MGIC
MGIC
ROCK
ROCK
Q4 25
Q3 25
-28.6%
Q2 25
8.4%
Q1 25
7.3%
Q4 24
Q3 24
12.3%
Q2 24
11.8%
Q1 24
8.5%
EPS (diluted)
MGIC
MGIC
ROCK
ROCK
Q4 25
Q3 25
$-2.98
Q2 25
$0.87
Q1 25
Q4 24
Q3 24
$1.11
Q2 24
$1.05
Q1 24

Balance Sheet & Financial Strength

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

Metric
MGIC
MGIC
ROCK
ROCK
Cash + ST InvestmentsLiquidity on hand
$83.1M
$115.7M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$276.3M
$950.4M
Total Assets
$505.1M
$1.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGIC
MGIC
ROCK
ROCK
Q4 25
$115.7M
Q3 25
$89.4M
Q2 25
$43.3M
Q1 25
$25.1M
Q4 24
$269.5M
Q3 24
$228.9M
Q2 24
$179.1M
Q1 24
$146.7M
Total Debt
MGIC
MGIC
ROCK
ROCK
Q4 25
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
MGIC
MGIC
ROCK
ROCK
Q4 25
$950.4M
Q3 25
$951.8M
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$975.7M
Q1 24
$940.2M
Total Assets
MGIC
MGIC
ROCK
ROCK
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.3B
Debt / Equity
MGIC
MGIC
ROCK
ROCK
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

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
ROCK
ROCK
Operating Cash FlowLast quarter
$40.3M
$35.5M
Free Cash FlowOCF − Capex
$37.0M
$26.2M
FCF MarginFCF / Revenue
8.8%
11.7%
Capex IntensityCapex / Revenue
0.8%
4.1%
Cash ConversionOCF / Net Profit
1.14×
TTM Free Cash FlowTrailing 4 quarters
$98.8M
$120.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGIC
MGIC
ROCK
ROCK
Q4 25
$35.5M
Q3 25
$73.0M
Q2 25
$44.9M
Q1 25
$13.7M
Q4 24
$19.9M
Q3 24
$64.7M
Q2 24
$36.5M
Q1 24
$53.2M
Free Cash Flow
MGIC
MGIC
ROCK
ROCK
Q4 25
$26.2M
Q3 25
$64.8M
Q2 25
$27.3M
Q1 25
$2.3M
Q4 24
$14.1M
Q3 24
$60.5M
Q2 24
$33.5M
Q1 24
$48.8M
FCF Margin
MGIC
MGIC
ROCK
ROCK
Q4 25
11.7%
Q3 25
20.8%
Q2 25
8.8%
Q1 25
0.8%
Q4 24
7.8%
Q3 24
21.8%
Q2 24
12.2%
Q1 24
16.7%
Capex Intensity
MGIC
MGIC
ROCK
ROCK
Q4 25
4.1%
Q3 25
2.6%
Q2 25
5.7%
Q1 25
3.9%
Q4 24
3.3%
Q3 24
1.5%
Q2 24
1.1%
Q1 24
1.5%
Cash Conversion
MGIC
MGIC
ROCK
ROCK
Q4 25
Q3 25
Q2 25
1.73×
Q1 25
0.65×
Q4 24
Q3 24
1.90×
Q2 24
1.13×
Q1 24
2.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MGIC
MGIC

Segment breakdown not available.

ROCK
ROCK

Transferred At Point In Time$183.5M82%
Infrastructure$22.5M10%
Other$18.9M8%

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