vs

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

MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($297.1M vs $197.9M, roughly 1.5× REPLIGEN CORP). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 6.7%, a 48.9% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% vs -3.0%). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% 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.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

MTG vs RGEN — Head-to-Head

Bigger by revenue
MTG
MTG
1.5× larger
MTG
$297.1M
$197.9M
RGEN
Growing faster (revenue YoY)
RGEN
RGEN
+16.6% gap
RGEN
13.6%
-3.0%
MTG
Higher net margin
MTG
MTG
48.9% more per $
MTG
55.6%
6.7%
RGEN
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
-1.4%
MTG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MTG
MTG
RGEN
RGEN
Revenue
$297.1M
$197.9M
Net Profit
$165.3M
$13.3M
Gross Margin
52.5%
Operating Margin
9.0%
Net Margin
55.6%
6.7%
Revenue YoY
-3.0%
13.6%
Net Profit YoY
-10.9%
143.9%
EPS (diluted)
$0.76
$0.24

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
RGEN
RGEN
Q1 26
$297.1M
Q4 25
$298.7M
$197.9M
Q3 25
$304.5M
$188.8M
Q2 25
$304.2M
$182.4M
Q1 25
$306.2M
$169.2M
Q4 24
$301.4M
$174.1M
Q3 24
$306.6M
$154.9M
Q2 24
$305.3M
$154.1M
Net Profit
MTG
MTG
RGEN
RGEN
Q1 26
$165.3M
Q4 25
$169.3M
$13.3M
Q3 25
$191.1M
$14.9M
Q2 25
$192.5M
$14.9M
Q1 25
$185.5M
$5.8M
Q4 24
$184.7M
$-30.3M
Q3 24
$200.0M
$-654.0K
Q2 24
$204.2M
$3.3M
Gross Margin
MTG
MTG
RGEN
RGEN
Q1 26
Q4 25
52.5%
Q3 25
53.2%
Q2 25
50.0%
Q1 25
53.6%
Q4 24
26.1%
Q3 24
50.0%
Q2 24
49.8%
Operating Margin
MTG
MTG
RGEN
RGEN
Q1 26
Q4 25
71.2%
9.0%
Q3 25
77.2%
8.9%
Q2 25
80.9%
7.6%
Q1 25
76.6%
3.9%
Q4 24
77.9%
-17.7%
Q3 24
82.9%
-5.1%
Q2 24
85.1%
1.0%
Net Margin
MTG
MTG
RGEN
RGEN
Q1 26
55.6%
Q4 25
56.7%
6.7%
Q3 25
62.8%
7.9%
Q2 25
63.3%
8.2%
Q1 25
60.6%
3.4%
Q4 24
61.3%
-17.4%
Q3 24
65.2%
-0.4%
Q2 24
66.9%
2.2%
EPS (diluted)
MTG
MTG
RGEN
RGEN
Q1 26
$0.76
Q4 25
$0.75
$0.24
Q3 25
$0.83
$0.26
Q2 25
$0.81
$0.26
Q1 25
$0.75
$0.10
Q4 24
$0.71
$-0.55
Q3 24
$0.77
$-0.01
Q2 24
$0.77
$0.06

Balance Sheet & Financial Strength

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

Metric
MTG
MTG
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$235.1M
$767.6M
Total DebtLower is stronger
$542.2M
Stockholders' EquityBook value
$5.0B
$2.1B
Total Assets
$6.4B
$2.9B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTG
MTG
RGEN
RGEN
Q1 26
$235.1M
Q4 25
$369.0M
$767.6M
Q3 25
$266.9M
$748.7M
Q2 25
$294.9M
$708.9M
Q1 25
$207.0M
$697.2M
Q4 24
$229.5M
$757.4M
Q3 24
$288.6M
$784.0M
Q2 24
$281.8M
$809.1M
Total Debt
MTG
MTG
RGEN
RGEN
Q1 26
Q4 25
$542.2M
Q3 25
$537.9M
Q2 25
Q1 25
Q4 24
$525.6M
Q3 24
Q2 24
Stockholders' Equity
MTG
MTG
RGEN
RGEN
Q1 26
$5.0B
Q4 25
$5.1B
$2.1B
Q3 25
$5.2B
$2.1B
Q2 25
$5.2B
$2.1B
Q1 25
$5.1B
$2.0B
Q4 24
$5.2B
$2.0B
Q3 24
$5.3B
$2.0B
Q2 24
$5.1B
$2.0B
Total Assets
MTG
MTG
RGEN
RGEN
Q1 26
$6.4B
Q4 25
$6.6B
$2.9B
Q3 25
$6.6B
$2.9B
Q2 25
$6.5B
$2.9B
Q1 25
$6.5B
$2.9B
Q4 24
$6.5B
$2.8B
Q3 24
$6.7B
$2.8B
Q2 24
$6.5B
$2.9B
Debt / Equity
MTG
MTG
RGEN
RGEN
Q1 26
Q4 25
0.26×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
0.27×
Q3 24
Q2 24

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
RGEN
RGEN
Operating Cash FlowLast quarter
$25.7M
Free Cash FlowOCF − Capex
$17.6M
FCF MarginFCF / Revenue
8.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTG
MTG
RGEN
RGEN
Q1 26
Q4 25
$230.8M
$25.7M
Q3 25
$215.4M
$48.1M
Q2 25
$183.0M
$28.6M
Q1 25
$223.7M
$15.0M
Q4 24
$182.4M
$39.2M
Q3 24
$182.9M
$49.3M
Q2 24
$169.2M
$42.2M
Free Cash Flow
MTG
MTG
RGEN
RGEN
Q1 26
Q4 25
$230.2M
$17.6M
Q3 25
$215.1M
$43.4M
Q2 25
$183.0M
$21.5M
Q1 25
$223.5M
$11.4M
Q4 24
$181.9M
$33.6M
Q3 24
$182.5M
$42.3M
Q2 24
$169.0M
$37.4M
FCF Margin
MTG
MTG
RGEN
RGEN
Q1 26
Q4 25
77.1%
8.9%
Q3 25
70.6%
23.0%
Q2 25
60.1%
11.8%
Q1 25
73.0%
6.8%
Q4 24
60.3%
19.3%
Q3 24
59.5%
27.3%
Q2 24
55.3%
24.3%
Capex Intensity
MTG
MTG
RGEN
RGEN
Q1 26
Q4 25
0.2%
4.1%
Q3 25
0.1%
2.5%
Q2 25
0.0%
3.9%
Q1 25
0.0%
2.1%
Q4 24
0.2%
3.2%
Q3 24
0.1%
4.5%
Q2 24
0.1%
3.1%
Cash Conversion
MTG
MTG
RGEN
RGEN
Q1 26
Q4 25
1.36×
1.93×
Q3 25
1.13×
3.23×
Q2 25
0.95×
1.92×
Q1 25
1.21×
2.57×
Q4 24
0.99×
Q3 24
0.91×
Q2 24
0.83×
12.70×

Financial Flow Comparison

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

Related Comparisons