vs
Side-by-side financial comparison of MGIC INVESTMENT CORP (MTG) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($297.1M vs $153.1M, roughly 1.9× CPI Card Group Inc.). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 4.8%, a 50.8% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -3.0%). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
MTG vs PMTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $297.1M | $153.1M |
| Net Profit | $165.3M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | — | 12.0% |
| Net Margin | 55.6% | 4.8% |
| Revenue YoY | -3.0% | 22.3% |
| Net Profit YoY | -10.9% | 8.5% |
| EPS (diluted) | $0.76 | $0.62 |
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 | — | ||
| Q4 25 | $298.7M | $153.1M | ||
| Q3 25 | $304.5M | $138.0M | ||
| Q2 25 | $304.2M | $129.8M | ||
| Q1 25 | $306.2M | $122.8M | ||
| Q4 24 | $301.4M | $125.1M | ||
| Q3 24 | $306.6M | $124.8M | ||
| Q2 24 | $305.3M | $118.8M |
| Q1 26 | $165.3M | — | ||
| Q4 25 | $169.3M | $7.3M | ||
| Q3 25 | $191.1M | $2.3M | ||
| Q2 25 | $192.5M | $518.0K | ||
| Q1 25 | $185.5M | $4.8M | ||
| Q4 24 | $184.7M | $6.8M | ||
| Q3 24 | $200.0M | $1.3M | ||
| Q2 24 | $204.2M | $6.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% |
| Q1 26 | — | — | ||
| Q4 25 | 71.2% | 12.0% | ||
| Q3 25 | 77.2% | 9.4% | ||
| Q2 25 | 80.9% | 7.3% | ||
| Q1 25 | 76.6% | 11.5% | ||
| Q4 24 | 77.9% | 12.7% | ||
| Q3 24 | 82.9% | 14.3% | ||
| Q2 24 | 85.1% | 12.5% |
| Q1 26 | 55.6% | — | ||
| Q4 25 | 56.7% | 4.8% | ||
| Q3 25 | 62.8% | 1.7% | ||
| Q2 25 | 63.3% | 0.4% | ||
| Q1 25 | 60.6% | 3.9% | ||
| Q4 24 | 61.3% | 5.4% | ||
| Q3 24 | 65.2% | 1.0% | ||
| Q2 24 | 66.9% | 5.1% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $0.75 | $0.62 | ||
| Q3 25 | $0.83 | $0.19 | ||
| Q2 25 | $0.81 | $0.04 | ||
| Q1 25 | $0.75 | $0.40 | ||
| Q4 24 | $0.71 | $0.56 | ||
| Q3 24 | $0.77 | $0.11 | ||
| Q2 24 | $0.77 | $0.51 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $5.0B | $-17.3M |
| Total Assets | $6.4B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $235.1M | — | ||
| Q4 25 | $369.0M | $21.7M | ||
| Q3 25 | $266.9M | $16.0M | ||
| Q2 25 | $294.9M | $17.1M | ||
| Q1 25 | $207.0M | $31.5M | ||
| Q4 24 | $229.5M | $33.5M | ||
| Q3 24 | $288.6M | $14.7M | ||
| Q2 24 | $281.8M | $7.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.1B | $-17.3M | ||
| Q3 25 | $5.2B | $-25.7M | ||
| Q2 25 | $5.2B | $-29.0M | ||
| Q1 25 | $5.1B | $-29.7M | ||
| Q4 24 | $5.2B | $-35.6M | ||
| Q3 24 | $5.3B | $-42.8M | ||
| Q2 24 | $5.1B | $-44.6M |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.6B | $403.2M | ||
| Q3 25 | $6.6B | $407.1M | ||
| Q2 25 | $6.5B | $399.8M | ||
| Q1 25 | $6.5B | $351.9M | ||
| Q4 24 | $6.5B | $349.7M | ||
| Q3 24 | $6.7B | $342.3M | ||
| Q2 24 | $6.5B | $321.4M |
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 | — | $39.6M |
| Free Cash FlowOCF − Capex | — | $35.2M |
| FCF MarginFCF / Revenue | — | 23.0% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $230.8M | $39.6M | ||
| Q3 25 | $215.4M | $10.0M | ||
| Q2 25 | $183.0M | $4.3M | ||
| Q1 25 | $223.7M | $5.6M | ||
| Q4 24 | $182.4M | $26.7M | ||
| Q3 24 | $182.9M | $12.5M | ||
| Q2 24 | $169.2M | $-4.8M |
| Q1 26 | — | — | ||
| Q4 25 | $230.2M | $35.2M | ||
| Q3 25 | $215.1M | $5.3M | ||
| Q2 25 | $183.0M | $533.0K | ||
| Q1 25 | $223.5M | $292.0K | ||
| Q4 24 | $181.9M | $21.6M | ||
| Q3 24 | $182.5M | $11.1M | ||
| Q2 24 | $169.0M | $-6.0M |
| Q1 26 | — | — | ||
| Q4 25 | 77.1% | 23.0% | ||
| Q3 25 | 70.6% | 3.8% | ||
| Q2 25 | 60.1% | 0.4% | ||
| Q1 25 | 73.0% | 0.2% | ||
| Q4 24 | 60.3% | 17.3% | ||
| Q3 24 | 59.5% | 8.9% | ||
| Q2 24 | 55.3% | -5.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.9% | ||
| Q3 25 | 0.1% | 3.4% | ||
| Q2 25 | 0.0% | 2.9% | ||
| Q1 25 | 0.0% | 4.3% | ||
| Q4 24 | 0.2% | 4.0% | ||
| Q3 24 | 0.1% | 1.2% | ||
| Q2 24 | 0.1% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 5.39× | ||
| Q3 25 | 1.13× | 4.32× | ||
| Q2 25 | 0.95× | 8.39× | ||
| Q1 25 | 1.21× | 1.17× | ||
| Q4 24 | 0.99× | 3.94× | ||
| Q3 24 | 0.91× | 9.70× | ||
| Q2 24 | 0.83× | -0.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MTG
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
