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Side-by-side financial comparison of MAGIC SOFTWARE ENTERPRISES LTD (MGIC) and Simply Good Foods Co (SMPL). 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 $340.2M, roughly 1.2× Simply Good Foods Co). MAGIC SOFTWARE ENTERPRISES LTD runs the higher net margin — 8.4% vs 7.4%, a 1.0% gap on every dollar of revenue. Simply Good Foods Co produced more free cash flow last quarter ($48.0M vs $37.0M).

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.

Whole Foods Market, Inc. is an American multinational supermarket chain headquartered in Austin, Texas, owned wholly by Amazon, and which generally sells whole food products free from hydrogenated fats and artificial colors, flavors, and preservatives. A USDA Certified Organic grocer in the United States, the chain is popularly known for its organic selections.

MGIC vs SMPL — Head-to-Head

Bigger by revenue
MGIC
MGIC
1.2× larger
MGIC
$419.6M
$340.2M
SMPL
Higher net margin
MGIC
MGIC
1.0% more per $
MGIC
8.4%
7.4%
SMPL
More free cash flow
SMPL
SMPL
$11.0M more FCF
SMPL
$48.0M
$37.0M
MGIC

Income Statement — Q3 FY2023 vs Q1 FY2026

Metric
MGIC
MGIC
SMPL
SMPL
Revenue
$419.6M
$340.2M
Net Profit
$35.3M
$25.3M
Gross Margin
27.1%
32.3%
Operating Margin
11.3%
11.0%
Net Margin
8.4%
7.4%
Revenue YoY
-0.3%
Net Profit YoY
-33.7%
EPS (diluted)
$0.26

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
SMPL
SMPL
Q4 25
$340.2M
Q2 25
$381.0M
Q4 24
$341.3M
Q3 24
$375.7M
Q2 24
$334.8M
Q1 24
$312.2M
Q4 23
$308.7M
Q3 23
$419.6M
$320.4M
Net Profit
MGIC
MGIC
SMPL
SMPL
Q4 25
$25.3M
Q2 25
$41.1M
Q4 24
$38.1M
Q3 24
$29.3M
Q2 24
$41.3M
Q1 24
$33.1M
Q4 23
$35.6M
Q3 23
$35.3M
$36.6M
Gross Margin
MGIC
MGIC
SMPL
SMPL
Q4 25
32.3%
Q2 25
36.4%
Q4 24
38.2%
Q3 24
38.8%
Q2 24
39.9%
Q1 24
37.4%
Q4 23
37.3%
Q3 23
27.1%
37.6%
Operating Margin
MGIC
MGIC
SMPL
SMPL
Q4 25
11.0%
Q2 25
15.6%
Q4 24
16.0%
Q3 24
12.7%
Q2 24
17.6%
Q1 24
15.4%
Q4 23
16.8%
Q3 23
11.3%
17.4%
Net Margin
MGIC
MGIC
SMPL
SMPL
Q4 25
7.4%
Q2 25
10.8%
Q4 24
11.2%
Q3 24
7.8%
Q2 24
12.3%
Q1 24
10.6%
Q4 23
11.5%
Q3 23
8.4%
11.4%
EPS (diluted)
MGIC
MGIC
SMPL
SMPL
Q4 25
$0.26
Q2 25
$0.40
Q4 24
$0.38
Q3 24
$0.29
Q2 24
$0.41
Q1 24
$0.33
Q4 23
$0.35
Q3 23
$0.36

Balance Sheet & Financial Strength

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

Metric
MGIC
MGIC
SMPL
SMPL
Cash + ST InvestmentsLiquidity on hand
$83.1M
$194.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$276.3M
$1.7B
Total Assets
$505.1M
$2.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGIC
MGIC
SMPL
SMPL
Q4 25
$194.1M
Q2 25
$98.0M
Q4 24
$121.8M
Q3 24
$132.5M
Q2 24
$208.7M
Q1 24
$135.9M
Q4 23
$121.4M
Q3 23
$83.1M
$87.7M
Total Debt
MGIC
MGIC
SMPL
SMPL
Q4 25
Q2 25
Q4 24
Q3 24
$397.5M
Q2 24
$237.7M
Q1 24
$237.7M
Q4 23
$272.1M
Q3 23
$281.8M
Stockholders' Equity
MGIC
MGIC
SMPL
SMPL
Q4 25
$1.7B
Q2 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.7B
Q2 24
$1.7B
Q1 24
$1.6B
Q4 23
$1.6B
Q3 23
$276.3M
$1.6B
Total Assets
MGIC
MGIC
SMPL
SMPL
Q4 25
$2.5B
Q2 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.2B
Q1 24
$2.1B
Q4 23
$2.1B
Q3 23
$505.1M
$2.1B
Debt / Equity
MGIC
MGIC
SMPL
SMPL
Q4 25
Q2 25
Q4 24
Q3 24
0.23×
Q2 24
0.14×
Q1 24
0.14×
Q4 23
0.17×
Q3 23
0.18×

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
SMPL
SMPL
Operating Cash FlowLast quarter
$40.3M
$50.1M
Free Cash FlowOCF − Capex
$37.0M
$48.0M
FCF MarginFCF / Revenue
8.8%
14.1%
Capex IntensityCapex / Revenue
0.8%
0.6%
Cash ConversionOCF / Net Profit
1.14×
1.98×
TTM Free Cash FlowTrailing 4 quarters
$98.8M
$223.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGIC
MGIC
SMPL
SMPL
Q4 25
$50.1M
Q2 25
$101.1M
Q4 24
$32.0M
Q3 24
$48.9M
Q2 24
$72.8M
Q1 24
$46.5M
Q4 23
$47.5M
Q3 23
$40.3M
$60.7M
Free Cash Flow
MGIC
MGIC
SMPL
SMPL
Q4 25
$48.0M
Q2 25
$98.9M
Q4 24
$31.7M
Q3 24
$45.0M
Q2 24
$72.0M
Q1 24
$46.1M
Q4 23
$46.8M
Q3 23
$37.0M
$59.2M
FCF Margin
MGIC
MGIC
SMPL
SMPL
Q4 25
14.1%
Q2 25
25.9%
Q4 24
9.3%
Q3 24
12.0%
Q2 24
21.5%
Q1 24
14.8%
Q4 23
15.2%
Q3 23
8.8%
18.5%
Capex Intensity
MGIC
MGIC
SMPL
SMPL
Q4 25
0.6%
Q2 25
0.6%
Q4 24
0.1%
Q3 24
1.0%
Q2 24
0.2%
Q1 24
0.1%
Q4 23
0.2%
Q3 23
0.8%
0.5%
Cash Conversion
MGIC
MGIC
SMPL
SMPL
Q4 25
1.98×
Q2 25
2.46×
Q4 24
0.84×
Q3 24
1.67×
Q2 24
1.76×
Q1 24
1.40×
Q4 23
1.34×
Q3 23
1.14×
1.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MGIC
MGIC

Segment breakdown not available.

SMPL
SMPL

Quest$211.4M62%
Atkins Domain$79.7M23%
OWYN$28.1M8%
Other$20.9M6%

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