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Side-by-side financial comparison of MGIC INVESTMENT CORP (MTG) and OSI SYSTEMS INC (OSIS). Click either name above to swap in a different company.

OSI SYSTEMS INC is the larger business by last-quarter revenue ($464.1M vs $297.1M, roughly 1.6× MGIC INVESTMENT CORP). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 8.3%, a 47.3% gap on every dollar of revenue. On growth, OSI SYSTEMS INC posted the faster year-over-year revenue change (10.5% vs -3.0%). Over the past eight quarters, OSI SYSTEMS INC's revenue compounded faster (7.0% CAGR vs -1.4%).

MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.

OSI Systems, Inc. is an American company based in California that develops and markets security and inspection systems such as airport security X-ray machines and metal detectors, medical monitoring and anesthesia systems, and optoelectronic devices. As of June 2010, the company employs approximately 3,180 personnel globally and includes subsidiary companies Spacelabs Healthcare, Rapiscan Systems and OSI Optoelectronics.

MTG vs OSIS — Head-to-Head

Bigger by revenue
OSIS
OSIS
1.6× larger
OSIS
$464.1M
$297.1M
MTG
Growing faster (revenue YoY)
OSIS
OSIS
+13.5% gap
OSIS
10.5%
-3.0%
MTG
Higher net margin
MTG
MTG
47.3% more per $
MTG
55.6%
8.3%
OSIS
Faster 2-yr revenue CAGR
OSIS
OSIS
Annualised
OSIS
7.0%
-1.4%
MTG

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
MTG
MTG
OSIS
OSIS
Revenue
$297.1M
$464.1M
Net Profit
$165.3M
$38.7M
Gross Margin
32.7%
Operating Margin
12.7%
Net Margin
55.6%
8.3%
Revenue YoY
-3.0%
10.5%
Net Profit YoY
-10.9%
2.3%
EPS (diluted)
$0.76
$2.22

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
MTG
MTG
OSIS
OSIS
Q1 26
$297.1M
Q4 25
$298.7M
$464.1M
Q3 25
$304.5M
$384.6M
Q2 25
$304.2M
$505.0M
Q1 25
$306.2M
$444.4M
Q4 24
$301.4M
$419.8M
Q3 24
$306.6M
$344.0M
Q2 24
$305.3M
$480.9M
Net Profit
MTG
MTG
OSIS
OSIS
Q1 26
$165.3M
Q4 25
$169.3M
$38.7M
Q3 25
$191.1M
$20.6M
Q2 25
$192.5M
$52.7M
Q1 25
$185.5M
$41.1M
Q4 24
$184.7M
$37.8M
Q3 24
$200.0M
$17.9M
Q2 24
$204.2M
$44.7M
Gross Margin
MTG
MTG
OSIS
OSIS
Q1 26
Q4 25
32.7%
Q3 25
32.0%
Q2 25
33.3%
Q1 25
33.8%
Q4 24
35.1%
Q3 24
35.3%
Q2 24
32.1%
Operating Margin
MTG
MTG
OSIS
OSIS
Q1 26
Q4 25
71.2%
12.7%
Q3 25
77.2%
8.6%
Q2 25
80.9%
14.5%
Q1 25
76.6%
12.7%
Q4 24
77.9%
13.8%
Q3 24
82.9%
8.8%
Q2 24
85.1%
13.1%
Net Margin
MTG
MTG
OSIS
OSIS
Q1 26
55.6%
Q4 25
56.7%
8.3%
Q3 25
62.8%
5.3%
Q2 25
63.3%
10.4%
Q1 25
60.6%
9.3%
Q4 24
61.3%
9.0%
Q3 24
65.2%
5.2%
Q2 24
66.9%
9.3%
EPS (diluted)
MTG
MTG
OSIS
OSIS
Q1 26
$0.76
Q4 25
$0.75
$2.22
Q3 25
$0.83
$1.18
Q2 25
$0.81
$3.04
Q1 25
$0.75
$2.40
Q4 24
$0.71
$2.22
Q3 24
$0.77
$1.05
Q2 24
$0.77
$2.57

Balance Sheet & Financial Strength

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

Metric
MTG
MTG
OSIS
OSIS
Cash + ST InvestmentsLiquidity on hand
$235.1M
$336.7M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$5.0B
$845.5M
Total Assets
$6.4B
$2.5B
Debt / EquityLower = less leverage
1.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTG
MTG
OSIS
OSIS
Q1 26
$235.1M
Q4 25
$369.0M
$336.7M
Q3 25
$266.9M
$124.4M
Q2 25
$294.9M
$106.4M
Q1 25
$207.0M
$95.8M
Q4 24
$229.5M
$101.6M
Q3 24
$288.6M
$85.1M
Q2 24
$281.8M
$95.4M
Total Debt
MTG
MTG
OSIS
OSIS
Q1 26
Q4 25
$1.0B
Q3 25
$442.2M
Q2 25
$471.6M
Q1 25
$473.2M
Q4 24
$474.8M
Q3 24
$476.3M
Q2 24
$137.6M
Stockholders' Equity
MTG
MTG
OSIS
OSIS
Q1 26
$5.0B
Q4 25
$5.1B
$845.5M
Q3 25
$5.2B
$946.0M
Q2 25
$5.2B
$951.1M
Q1 25
$5.1B
$879.3M
Q4 24
$5.2B
$825.8M
Q3 24
$5.3B
$786.5M
Q2 24
$5.1B
$863.5M
Total Assets
MTG
MTG
OSIS
OSIS
Q1 26
$6.4B
Q4 25
$6.6B
$2.5B
Q3 25
$6.6B
$2.3B
Q2 25
$6.5B
$2.2B
Q1 25
$6.5B
$2.1B
Q4 24
$6.5B
$2.1B
Q3 24
$6.7B
$2.1B
Q2 24
$6.5B
$1.9B
Debt / Equity
MTG
MTG
OSIS
OSIS
Q1 26
Q4 25
1.19×
Q3 25
0.47×
Q2 25
0.50×
Q1 25
0.54×
Q4 24
0.57×
Q3 24
0.61×
Q2 24
0.16×

Cash Flow & Capital Efficiency

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

Metric
MTG
MTG
OSIS
OSIS
Operating Cash FlowLast quarter
$62.2M
Free Cash FlowOCF − Capex
$55.5M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.61×
TTM Free Cash FlowTrailing 4 quarters
$137.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTG
MTG
OSIS
OSIS
Q1 26
Q4 25
$230.8M
$62.2M
Q3 25
$215.4M
$17.1M
Q2 25
$183.0M
$562.0K
Q1 25
$223.7M
$81.6M
Q4 24
$182.4M
$52.5M
Q3 24
$182.9M
$-37.2M
Q2 24
$169.2M
$-29.0M
Free Cash Flow
MTG
MTG
OSIS
OSIS
Q1 26
Q4 25
$230.2M
$55.5M
Q3 25
$215.1M
$10.1M
Q2 25
$183.0M
$-5.6M
Q1 25
$223.5M
$77.1M
Q4 24
$181.9M
$47.1M
Q3 24
$182.5M
$-44.9M
Q2 24
$169.0M
$-37.5M
FCF Margin
MTG
MTG
OSIS
OSIS
Q1 26
Q4 25
77.1%
12.0%
Q3 25
70.6%
2.6%
Q2 25
60.1%
-1.1%
Q1 25
73.0%
17.4%
Q4 24
60.3%
11.2%
Q3 24
59.5%
-13.0%
Q2 24
55.3%
-7.8%
Capex Intensity
MTG
MTG
OSIS
OSIS
Q1 26
Q4 25
0.2%
1.4%
Q3 25
0.1%
1.8%
Q2 25
0.0%
1.2%
Q1 25
0.0%
1.0%
Q4 24
0.2%
1.3%
Q3 24
0.1%
2.2%
Q2 24
0.1%
1.8%
Cash Conversion
MTG
MTG
OSIS
OSIS
Q1 26
Q4 25
1.36×
1.61×
Q3 25
1.13×
0.83×
Q2 25
0.95×
0.01×
Q1 25
1.21×
1.98×
Q4 24
0.99×
1.39×
Q3 24
0.91×
-2.07×
Q2 24
0.83×
-0.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MTG
MTG

Segment breakdown not available.

OSIS
OSIS

Security Division$334.7M72%
Optoelectronics And Manufacturing Division$92.8M20%
Healthcare Division$36.5M8%

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