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Side-by-side financial comparison of MGIC INVESTMENT CORP (MTG) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
PROCORE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($359.3M vs $297.1M, roughly 1.2× MGIC INVESTMENT CORP). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs -2.5%, a 58.2% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.7% vs -3.0%). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (12.4% 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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
MTG vs PCOR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $297.1M | $359.3M |
| Net Profit | $165.3M | $-9.1M |
| Gross Margin | — | 80.1% |
| Operating Margin | — | 15.5% |
| Net Margin | 55.6% | -2.5% |
| Revenue YoY | -3.0% | 15.7% |
| Net Profit YoY | -10.9% | 72.4% |
| EPS (diluted) | $0.76 | $-0.06 |
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.
| Q1 26 | $297.1M | $359.3M | ||
| Q4 25 | $298.7M | $349.1M | ||
| Q3 25 | $304.5M | $338.9M | ||
| Q2 25 | $304.2M | $323.9M | ||
| Q1 25 | $306.2M | $310.6M | ||
| Q4 24 | $301.4M | $302.0M | ||
| Q3 24 | $306.6M | $295.9M | ||
| Q2 24 | $305.3M | $284.3M |
| Q1 26 | $165.3M | $-9.1M | ||
| Q4 25 | $169.3M | $-37.6M | ||
| Q3 25 | $191.1M | $-9.1M | ||
| Q2 25 | $192.5M | $-21.1M | ||
| Q1 25 | $185.5M | $-33.0M | ||
| Q4 24 | $184.7M | $-62.3M | ||
| Q3 24 | $200.0M | $-26.4M | ||
| Q2 24 | $204.2M | $-6.3M |
| Q1 26 | — | 80.1% | ||
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% |
| Q1 26 | — | 15.5% | ||
| Q4 25 | 71.2% | -12.3% | ||
| Q3 25 | 77.2% | -4.4% | ||
| Q2 25 | 80.9% | -9.3% | ||
| Q1 25 | 76.6% | -11.7% | ||
| Q4 24 | 77.9% | -21.9% | ||
| Q3 24 | 82.9% | -12.3% | ||
| Q2 24 | 85.1% | -5.2% |
| Q1 26 | 55.6% | -2.5% | ||
| Q4 25 | 56.7% | -10.8% | ||
| Q3 25 | 62.8% | -2.7% | ||
| Q2 25 | 63.3% | -6.5% | ||
| Q1 25 | 60.6% | -10.6% | ||
| Q4 24 | 61.3% | -20.6% | ||
| Q3 24 | 65.2% | -8.9% | ||
| Q2 24 | 66.9% | -2.2% |
| Q1 26 | $0.76 | $-0.06 | ||
| Q4 25 | $0.75 | $-0.25 | ||
| Q3 25 | $0.83 | $-0.06 | ||
| Q2 25 | $0.81 | $-0.14 | ||
| Q1 25 | $0.75 | $-0.22 | ||
| Q4 24 | $0.71 | $-0.42 | ||
| Q3 24 | $0.77 | $-0.18 | ||
| Q2 24 | $0.77 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $235.1M | $386.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.0B | $1.2B |
| Total Assets | $6.4B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $235.1M | $386.0M | ||
| Q4 25 | $369.0M | $768.5M | ||
| Q3 25 | $266.9M | $684.0M | ||
| Q2 25 | $294.9M | $620.9M | ||
| Q1 25 | $207.0M | $566.7M | ||
| Q4 24 | $229.5M | $775.4M | ||
| Q3 24 | $288.6M | $756.9M | ||
| Q2 24 | $281.8M | $735.4M |
| Q1 26 | $5.0B | $1.2B | ||
| Q4 25 | $5.1B | $1.3B | ||
| Q3 25 | $5.2B | $1.2B | ||
| Q2 25 | $5.2B | $1.2B | ||
| Q1 25 | $5.1B | $1.2B | ||
| Q4 24 | $5.2B | $1.3B | ||
| Q3 24 | $5.3B | $1.3B | ||
| Q2 24 | $5.1B | $1.3B |
| Q1 26 | $6.4B | $2.1B | ||
| Q4 25 | $6.6B | $2.2B | ||
| Q3 25 | $6.6B | $2.1B | ||
| Q2 25 | $6.5B | $2.0B | ||
| Q1 25 | $6.5B | $1.9B | ||
| Q4 24 | $6.5B | $2.1B | ||
| Q3 24 | $6.7B | $2.0B | ||
| Q2 24 | $6.5B | $2.0B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $76.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $76.8M | ||
| Q4 25 | $230.8M | $114.9M | ||
| Q3 25 | $215.4M | $88.5M | ||
| Q2 25 | $183.0M | $30.8M | ||
| Q1 25 | $223.7M | $66.0M | ||
| Q4 24 | $182.4M | $29.1M | ||
| Q3 24 | $182.9M | $39.3M | ||
| Q2 24 | $169.2M | $58.7M |
| Q1 26 | — | — | ||
| Q4 25 | $230.2M | $109.2M | ||
| Q3 25 | $215.1M | $83.1M | ||
| Q2 25 | $183.0M | $27.9M | ||
| Q1 25 | $223.5M | $62.0M | ||
| Q4 24 | $181.9M | $17.4M | ||
| Q3 24 | $182.5M | $35.7M | ||
| Q2 24 | $169.0M | $56.8M |
| Q1 26 | — | — | ||
| Q4 25 | 77.1% | 31.3% | ||
| Q3 25 | 70.6% | 24.5% | ||
| Q2 25 | 60.1% | 8.6% | ||
| Q1 25 | 73.0% | 20.0% | ||
| Q4 24 | 60.3% | 5.8% | ||
| Q3 24 | 59.5% | 12.1% | ||
| Q2 24 | 55.3% | 20.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 1.6% | ||
| Q3 25 | 0.1% | 1.6% | ||
| Q2 25 | 0.0% | 0.9% | ||
| Q1 25 | 0.0% | 1.3% | ||
| Q4 24 | 0.2% | 3.9% | ||
| Q3 24 | 0.1% | 1.2% | ||
| Q2 24 | 0.1% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 1.21× | — | ||
| Q4 24 | 0.99× | — | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.83× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
