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Side-by-side financial comparison of MAGIC SOFTWARE ENTERPRISES LTD (MGIC) and W. P. Carey Inc. (WPC). Click either name above to swap in a different company.

W. P. Carey Inc. is the larger business by last-quarter revenue ($444.5M vs $419.6M, roughly 1.1× MAGIC SOFTWARE ENTERPRISES LTD). W. P. Carey Inc. runs the higher net margin — 33.4% vs 8.4%, a 25.0% 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.

W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases. The company is organized in Maryland, with its primary office in New York City.

MGIC vs WPC — Head-to-Head

Bigger by revenue
WPC
WPC
1.1× larger
WPC
$444.5M
$419.6M
MGIC
Higher net margin
WPC
WPC
25.0% more per $
WPC
33.4%
8.4%
MGIC

Income Statement — Q3 FY2023 vs Q4 FY2025

Metric
MGIC
MGIC
WPC
WPC
Revenue
$419.6M
$444.5M
Net Profit
$35.3M
$148.3M
Gross Margin
27.1%
Operating Margin
11.3%
34.5%
Net Margin
8.4%
33.4%
Revenue YoY
9.4%
Net Profit YoY
215.4%
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
WPC
WPC
Q4 25
$444.5M
Q3 25
$431.3M
Q2 25
$430.8M
Q1 25
$409.9M
Q4 24
$406.2M
Q3 24
$397.4M
Q2 24
$389.7M
Q1 24
$389.8M
Net Profit
MGIC
MGIC
WPC
WPC
Q4 25
$148.3M
Q3 25
$141.0M
Q2 25
$51.2M
Q1 25
$125.8M
Q4 24
$47.0M
Q3 24
$111.7M
Q2 24
$142.9M
Q1 24
$159.2M
Operating Margin
MGIC
MGIC
WPC
WPC
Q4 25
34.5%
Q3 25
34.7%
Q2 25
15.0%
Q1 25
33.5%
Q4 24
13.5%
Q3 24
30.4%
Q2 24
38.3%
Q1 24
43.0%
Net Margin
MGIC
MGIC
WPC
WPC
Q4 25
33.4%
Q3 25
32.7%
Q2 25
11.9%
Q1 25
30.7%
Q4 24
11.6%
Q3 24
28.1%
Q2 24
36.7%
Q1 24
40.8%

Balance Sheet & Financial Strength

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

Metric
MGIC
MGIC
WPC
WPC
Cash + ST InvestmentsLiquidity on hand
$83.1M
$155.3M
Total DebtLower is stronger
$8.7B
Stockholders' EquityBook value
$276.3M
$8.1B
Total Assets
$505.1M
$18.0B
Debt / EquityLower = less leverage
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGIC
MGIC
WPC
WPC
Q4 25
$155.3M
Q3 25
$249.0M
Q2 25
$244.8M
Q1 25
$187.8M
Q4 24
$640.4M
Q3 24
$818.2M
Q2 24
$1.1B
Q1 24
$777.0M
Total Debt
MGIC
MGIC
WPC
WPC
Q4 25
$8.7B
Q3 25
$8.7B
Q2 25
$8.6B
Q1 25
$7.9B
Q4 24
$8.0B
Q3 24
$8.0B
Q2 24
$8.1B
Q1 24
$7.9B
Stockholders' Equity
MGIC
MGIC
WPC
WPC
Q4 25
$8.1B
Q3 25
$8.2B
Q2 25
$8.2B
Q1 25
$8.4B
Q4 24
$8.4B
Q3 24
$8.6B
Q2 24
$8.6B
Q1 24
$8.7B
Total Assets
MGIC
MGIC
WPC
WPC
Q4 25
$18.0B
Q3 25
$18.0B
Q2 25
$18.0B
Q1 25
$17.3B
Q4 24
$17.5B
Q3 24
$17.6B
Q2 24
$17.8B
Q1 24
$17.6B
Debt / Equity
MGIC
MGIC
WPC
WPC
Q4 25
1.07×
Q3 25
1.06×
Q2 25
1.05×
Q1 25
0.94×
Q4 24
0.95×
Q3 24
0.93×
Q2 24
0.94×
Q1 24
0.91×

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
WPC
WPC
Operating Cash FlowLast quarter
$40.3M
$304.6M
Free Cash FlowOCF − Capex
$37.0M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.14×
2.05×
TTM Free Cash FlowTrailing 4 quarters
$98.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGIC
MGIC
WPC
WPC
Q4 25
$304.6M
Q3 25
$300.5M
Q2 25
$404.0M
Q1 25
$273.2M
Q4 24
$296.3M
Q3 24
$280.2M
Q2 24
$221.0M
Q1 24
$1.0B
Cash Conversion
MGIC
MGIC
WPC
WPC
Q4 25
2.05×
Q3 25
2.13×
Q2 25
7.89×
Q1 25
2.17×
Q4 24
6.30×
Q3 24
2.51×
Q2 24
1.55×
Q1 24
6.50×

Financial Flow Comparison

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

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