vs

Side-by-side financial comparison of MGIC INVESTMENT CORP (MTG) and POWER SOLUTIONS INTERNATIONAL, INC. (PSIX). Click either name above to swap in a different company.

MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($297.1M vs $191.2M, roughly 1.6× POWER SOLUTIONS INTERNATIONAL, INC.). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 8.4%, a 47.2% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs -3.0%). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% 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.

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.

MTG vs PSIX — Head-to-Head

Bigger by revenue
MTG
MTG
1.6× larger
MTG
$297.1M
$191.2M
PSIX
Growing faster (revenue YoY)
PSIX
PSIX
+35.5% gap
PSIX
32.5%
-3.0%
MTG
Higher net margin
MTG
MTG
47.2% more per $
MTG
55.6%
8.4%
PSIX
Faster 2-yr revenue CAGR
PSIX
PSIX
Annualised
PSIX
41.7%
-1.4%
MTG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MTG
MTG
PSIX
PSIX
Revenue
$297.1M
$191.2M
Net Profit
$165.3M
$16.1M
Gross Margin
21.9%
Operating Margin
12.7%
Net Margin
55.6%
8.4%
Revenue YoY
-3.0%
32.5%
Net Profit YoY
-10.9%
-31.0%
EPS (diluted)
$0.76
$0.69

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
PSIX
PSIX
Q1 26
$297.1M
Q4 25
$298.7M
$191.2M
Q3 25
$304.5M
$203.8M
Q2 25
$304.2M
$191.9M
Q1 25
$306.2M
$135.4M
Q4 24
$301.4M
$144.3M
Q3 24
$306.6M
$125.8M
Q2 24
$305.3M
$110.6M
Net Profit
MTG
MTG
PSIX
PSIX
Q1 26
$165.3M
Q4 25
$169.3M
$16.1M
Q3 25
$191.1M
$27.6M
Q2 25
$192.5M
$51.2M
Q1 25
$185.5M
$19.1M
Q4 24
$184.7M
$23.3M
Q3 24
$200.0M
$17.3M
Q2 24
$204.2M
$21.5M
Gross Margin
MTG
MTG
PSIX
PSIX
Q1 26
Q4 25
21.9%
Q3 25
23.9%
Q2 25
28.2%
Q1 25
29.7%
Q4 24
29.9%
Q3 24
28.9%
Q2 24
31.8%
Operating Margin
MTG
MTG
PSIX
PSIX
Q1 26
Q4 25
71.2%
12.7%
Q3 25
77.2%
13.9%
Q2 25
80.9%
16.9%
Q1 25
76.6%
18.2%
Q4 24
77.9%
17.5%
Q3 24
82.9%
16.3%
Q2 24
85.1%
22.9%
Net Margin
MTG
MTG
PSIX
PSIX
Q1 26
55.6%
Q4 25
56.7%
8.4%
Q3 25
62.8%
13.5%
Q2 25
63.3%
26.7%
Q1 25
60.6%
14.1%
Q4 24
61.3%
16.1%
Q3 24
65.2%
13.8%
Q2 24
66.9%
19.5%
EPS (diluted)
MTG
MTG
PSIX
PSIX
Q1 26
$0.76
Q4 25
$0.75
$0.69
Q3 25
$0.83
$1.20
Q2 25
$0.81
$2.22
Q1 25
$0.75
$0.83
Q4 24
$0.71
$1.01
Q3 24
$0.77
$0.75
Q2 24
$0.77
$0.94

Balance Sheet & Financial Strength

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

Metric
MTG
MTG
PSIX
PSIX
Cash + ST InvestmentsLiquidity on hand
$235.1M
$41.3M
Total DebtLower is stronger
$96.6M
Stockholders' EquityBook value
$5.0B
$178.6M
Total Assets
$6.4B
$424.7M
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTG
MTG
PSIX
PSIX
Q1 26
$235.1M
Q4 25
$369.0M
$41.3M
Q3 25
$266.9M
$49.0M
Q2 25
$294.9M
$49.5M
Q1 25
$207.0M
$50.0M
Q4 24
$229.5M
$55.3M
Q3 24
$288.6M
$40.5M
Q2 24
$281.8M
$28.8M
Total Debt
MTG
MTG
PSIX
PSIX
Q1 26
Q4 25
$96.6M
Q3 25
$96.7M
Q2 25
$1.8M
Q1 25
$1.0M
Q4 24
$184.0K
Q3 24
$238.0K
Q2 24
$292.0K
Stockholders' Equity
MTG
MTG
PSIX
PSIX
Q1 26
$5.0B
Q4 25
$5.1B
$178.6M
Q3 25
$5.2B
$162.5M
Q2 25
$5.2B
$135.7M
Q1 25
$5.1B
$84.3M
Q4 24
$5.2B
$65.3M
Q3 24
$5.3B
$42.1M
Q2 24
$5.1B
$24.8M
Total Assets
MTG
MTG
PSIX
PSIX
Q1 26
$6.4B
Q4 25
$6.6B
$424.7M
Q3 25
$6.6B
$458.9M
Q2 25
$6.5B
$437.7M
Q1 25
$6.5B
$372.7M
Q4 24
$6.5B
$328.2M
Q3 24
$6.7B
$339.1M
Q2 24
$6.5B
$307.6M
Debt / Equity
MTG
MTG
PSIX
PSIX
Q1 26
Q4 25
0.54×
Q3 25
0.60×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.00×
Q3 24
0.01×
Q2 24
0.01×

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
PSIX
PSIX
Operating Cash FlowLast quarter
$-4.6M
Free Cash FlowOCF − Capex
$-7.6M
FCF MarginFCF / Revenue
-4.0%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTG
MTG
PSIX
PSIX
Q1 26
Q4 25
$230.8M
$-4.6M
Q3 25
$215.4M
$3.3M
Q2 25
$183.0M
$16.7M
Q1 25
$223.7M
$8.8M
Q4 24
$182.4M
$32.7M
Q3 24
$182.9M
$12.6M
Q2 24
$169.2M
$1.5M
Free Cash Flow
MTG
MTG
PSIX
PSIX
Q1 26
Q4 25
$230.2M
$-7.6M
Q3 25
$215.1M
$1.7M
Q2 25
$183.0M
$14.6M
Q1 25
$223.5M
$5.4M
Q4 24
$181.9M
$30.0M
Q3 24
$182.5M
$12.1M
Q2 24
$169.0M
$822.0K
FCF Margin
MTG
MTG
PSIX
PSIX
Q1 26
Q4 25
77.1%
-4.0%
Q3 25
70.6%
0.8%
Q2 25
60.1%
7.6%
Q1 25
73.0%
4.0%
Q4 24
60.3%
20.8%
Q3 24
59.5%
9.7%
Q2 24
55.3%
0.7%
Capex Intensity
MTG
MTG
PSIX
PSIX
Q1 26
Q4 25
0.2%
1.6%
Q3 25
0.1%
0.8%
Q2 25
0.0%
1.1%
Q1 25
0.0%
2.5%
Q4 24
0.2%
1.8%
Q3 24
0.1%
0.3%
Q2 24
0.1%
0.6%
Cash Conversion
MTG
MTG
PSIX
PSIX
Q1 26
Q4 25
1.36×
-0.29×
Q3 25
1.13×
0.12×
Q2 25
0.95×
0.33×
Q1 25
1.21×
0.46×
Q4 24
0.99×
1.40×
Q3 24
0.91×
0.73×
Q2 24
0.83×
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MTG
MTG

Segment breakdown not available.

PSIX
PSIX

Energy End Market$153.4M80%
Industrial End Market$33.3M17%
Transportation End Market$4.6M2%

Related Comparisons