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Side-by-side financial comparison of MGIC INVESTMENT CORP (MTG) and Real Brokerage Inc (REAX). Click either name above to swap in a different company.

Real Brokerage Inc is the larger business by last-quarter revenue ($568.5M vs $297.1M, roughly 1.9× MGIC INVESTMENT CORP). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs -0.1%, a 55.7% gap on every dollar of revenue. On growth, Real Brokerage Inc posted the faster year-over-year revenue change (52.6% vs -3.0%).

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

Anywhere Real Estate Inc., formerly Realogy, was an American real estate services firm. It operated and franchised real estate brands that provided brokerage, relocation, title, insurance, and settlement services. Brands included Better Homes and Gardens Real Estate, Century 21 Real Estate, Coldwell Banker, Corcoran Group, ERA Real Estate and Sotheby's International Realty. In 2026, the company was acquired by Compass, Inc.

MTG vs REAX — Head-to-Head

Bigger by revenue
REAX
REAX
1.9× larger
REAX
$568.5M
$297.1M
MTG
Growing faster (revenue YoY)
REAX
REAX
+55.6% gap
REAX
52.6%
-3.0%
MTG
Higher net margin
MTG
MTG
55.7% more per $
MTG
55.6%
-0.1%
REAX

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
MTG
MTG
REAX
REAX
Revenue
$297.1M
$568.5M
Net Profit
$165.3M
$-447.0K
Gross Margin
7.9%
Operating Margin
-0.1%
Net Margin
55.6%
-0.1%
Revenue YoY
-3.0%
52.6%
Net Profit YoY
-10.9%
82.7%
EPS (diluted)
$0.76
$0.00

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
REAX
REAX
Q1 26
$297.1M
Q4 25
$298.7M
Q3 25
$304.5M
$568.5M
Q2 25
$304.2M
$540.7M
Q1 25
$306.2M
$354.0M
Q4 24
$301.4M
Q3 24
$306.6M
$372.5M
Q2 24
$305.3M
Net Profit
MTG
MTG
REAX
REAX
Q1 26
$165.3M
Q4 25
$169.3M
Q3 25
$191.1M
$-447.0K
Q2 25
$192.5M
$1.5M
Q1 25
$185.5M
$-5.0M
Q4 24
$184.7M
Q3 24
$200.0M
$-2.6M
Q2 24
$204.2M
Gross Margin
MTG
MTG
REAX
REAX
Q1 26
Q4 25
Q3 25
7.9%
Q2 25
8.9%
Q1 25
9.6%
Q4 24
Q3 24
8.6%
Q2 24
Operating Margin
MTG
MTG
REAX
REAX
Q1 26
Q4 25
71.2%
Q3 25
77.2%
-0.1%
Q2 25
80.9%
0.3%
Q1 25
76.6%
-1.5%
Q4 24
77.9%
Q3 24
82.9%
-0.7%
Q2 24
85.1%
Net Margin
MTG
MTG
REAX
REAX
Q1 26
55.6%
Q4 25
56.7%
Q3 25
62.8%
-0.1%
Q2 25
63.3%
0.3%
Q1 25
60.6%
-1.4%
Q4 24
61.3%
Q3 24
65.2%
-0.7%
Q2 24
66.9%
EPS (diluted)
MTG
MTG
REAX
REAX
Q1 26
$0.76
Q4 25
$0.75
Q3 25
$0.83
$0.00
Q2 25
$0.81
$0.01
Q1 25
$0.75
$-0.02
Q4 24
$0.71
Q3 24
$0.77
$-0.01
Q2 24
$0.77

Balance Sheet & Financial Strength

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

Metric
MTG
MTG
REAX
REAX
Cash + ST InvestmentsLiquidity on hand
$235.1M
$38.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0B
$53.6M
Total Assets
$6.4B
$145.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTG
MTG
REAX
REAX
Q1 26
$235.1M
Q4 25
$369.0M
Q3 25
$266.9M
$38.7M
Q2 25
$294.9M
$49.7M
Q1 25
$207.0M
$24.7M
Q4 24
$229.5M
Q3 24
$288.6M
$22.6M
Q2 24
$281.8M
Stockholders' Equity
MTG
MTG
REAX
REAX
Q1 26
$5.0B
Q4 25
$5.1B
Q3 25
$5.2B
$53.6M
Q2 25
$5.2B
$49.2M
Q1 25
$5.1B
$32.8M
Q4 24
$5.2B
Q3 24
$5.3B
$29.8M
Q2 24
$5.1B
Total Assets
MTG
MTG
REAX
REAX
Q1 26
$6.4B
Q4 25
$6.6B
Q3 25
$6.6B
$145.2M
Q2 25
$6.5B
$149.4M
Q1 25
$6.5B
$100.5M
Q4 24
$6.5B
Q3 24
$6.7B
$102.5M
Q2 24
$6.5B

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
REAX
REAX
Operating Cash FlowLast quarter
$8.8M
Free Cash FlowOCF − Capex
$8.4M
FCF MarginFCF / Revenue
1.5%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$71.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTG
MTG
REAX
REAX
Q1 26
Q4 25
$230.8M
Q3 25
$215.4M
$8.8M
Q2 25
$183.0M
$41.0M
Q1 25
$223.7M
$15.9M
Q4 24
$182.4M
Q3 24
$182.9M
$7.2M
Q2 24
$169.2M
Free Cash Flow
MTG
MTG
REAX
REAX
Q1 26
Q4 25
$230.2M
Q3 25
$215.1M
$8.4M
Q2 25
$183.0M
$40.8M
Q1 25
$223.5M
$15.7M
Q4 24
$181.9M
Q3 24
$182.5M
$6.8M
Q2 24
$169.0M
FCF Margin
MTG
MTG
REAX
REAX
Q1 26
Q4 25
77.1%
Q3 25
70.6%
1.5%
Q2 25
60.1%
7.5%
Q1 25
73.0%
4.4%
Q4 24
60.3%
Q3 24
59.5%
1.8%
Q2 24
55.3%
Capex Intensity
MTG
MTG
REAX
REAX
Q1 26
Q4 25
0.2%
Q3 25
0.1%
0.1%
Q2 25
0.0%
0.0%
Q1 25
0.0%
0.1%
Q4 24
0.2%
Q3 24
0.1%
0.1%
Q2 24
0.1%
Cash Conversion
MTG
MTG
REAX
REAX
Q1 26
Q4 25
1.36×
Q3 25
1.13×
Q2 25
0.95×
27.13×
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.

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