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Side-by-side financial comparison of MGIC INVESTMENT CORP (MTG) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($298.7M vs $260.4M, roughly 1.1× Smith Douglas Homes Corp.). MGIC INVESTMENT CORP runs the higher net margin — 56.7% vs 1.4%, a 55.3% gap on every dollar of revenue. On growth, MGIC INVESTMENT CORP posted the faster year-over-year revenue change (-0.9% vs -9.4%). MGIC INVESTMENT CORP produced more free cash flow last quarter ($230.2M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs 0.7%).
MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
MTG vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $298.7M | $260.4M |
| Net Profit | $169.3M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | 71.2% | 6.5% |
| Net Margin | 56.7% | 1.4% |
| Revenue YoY | -0.9% | -9.4% |
| Net Profit YoY | -8.3% | -14.3% |
| EPS (diluted) | $0.75 | $0.39 |
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.
| Q4 25 | $298.7M | $260.4M | ||
| Q3 25 | $304.5M | $262.0M | ||
| Q2 25 | $304.2M | $223.9M | ||
| Q1 25 | $306.2M | $224.7M | ||
| Q4 24 | $301.4M | $287.5M | ||
| Q3 24 | $306.6M | $277.8M | ||
| Q2 24 | $305.3M | $220.9M | ||
| Q1 24 | $294.4M | $189.2M |
| Q4 25 | $169.3M | $3.5M | ||
| Q3 25 | $191.1M | $2.1M | ||
| Q2 25 | $192.5M | $2.4M | ||
| Q1 25 | $185.5M | $2.7M | ||
| Q4 24 | $184.7M | $4.1M | ||
| Q3 24 | $200.0M | $5.3M | ||
| Q2 24 | $204.2M | $3.6M | ||
| Q1 24 | $174.1M | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 71.2% | 6.5% | ||
| Q3 25 | 77.2% | 6.6% | ||
| Q2 25 | 80.9% | 7.7% | ||
| Q1 25 | 76.6% | 8.7% | ||
| Q4 24 | 77.9% | 10.4% | ||
| Q3 24 | 82.9% | 14.2% | ||
| Q2 24 | 85.1% | 11.7% | ||
| Q1 24 | 74.7% | 11.3% |
| Q4 25 | 56.7% | 1.4% | ||
| Q3 25 | 62.8% | 0.8% | ||
| Q2 25 | 63.3% | 1.1% | ||
| Q1 25 | 60.6% | 1.2% | ||
| Q4 24 | 61.3% | 1.4% | ||
| Q3 24 | 65.2% | 1.9% | ||
| Q2 24 | 66.9% | 1.7% | ||
| Q1 24 | 59.1% | 1.6% |
| Q4 25 | $0.75 | $0.39 | ||
| Q3 25 | $0.83 | $0.24 | ||
| Q2 25 | $0.81 | $0.26 | ||
| Q1 25 | $0.75 | $0.30 | ||
| Q4 24 | $0.71 | $0.50 | ||
| Q3 24 | $0.77 | $0.58 | ||
| Q2 24 | $0.77 | $0.40 | ||
| Q1 24 | $0.64 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $369.0M | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.1B | $86.7M |
| Total Assets | $6.6B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $369.0M | $12.7M | ||
| Q3 25 | $266.9M | $14.8M | ||
| Q2 25 | $294.9M | $16.8M | ||
| Q1 25 | $207.0M | $12.7M | ||
| Q4 24 | $229.5M | $22.4M | ||
| Q3 24 | $288.6M | $23.7M | ||
| Q2 24 | $281.8M | $17.3M | ||
| Q1 24 | $431.3M | $32.8M |
| Q4 25 | $5.1B | $86.7M | ||
| Q3 25 | $5.2B | $82.2M | ||
| Q2 25 | $5.2B | $80.0M | ||
| Q1 25 | $5.1B | $76.9M | ||
| Q4 24 | $5.2B | $73.6M | ||
| Q3 24 | $5.3B | $68.4M | ||
| Q2 24 | $5.1B | $62.1M | ||
| Q1 24 | $5.1B | $59.7M |
| Q4 25 | $6.6B | $557.6M | ||
| Q3 25 | $6.6B | $571.6M | ||
| Q2 25 | $6.5B | $570.2M | ||
| Q1 25 | $6.5B | $513.9M | ||
| Q4 24 | $6.5B | $475.9M | ||
| Q3 24 | $6.7B | $460.1M | ||
| Q2 24 | $6.5B | $429.3M | ||
| Q1 24 | $6.5B | $401.3M |
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 | $230.8M | $9.8M |
| Free Cash FlowOCF − Capex | $230.2M | $8.7M |
| FCF MarginFCF / Revenue | 77.1% | 3.4% |
| Capex IntensityCapex / Revenue | 0.2% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.36× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $851.8M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.8M | $9.8M | ||
| Q3 25 | $215.4M | $22.8M | ||
| Q2 25 | $183.0M | $-28.9M | ||
| Q1 25 | $223.7M | $-34.9M | ||
| Q4 24 | $182.4M | $5.5M | ||
| Q3 24 | $182.9M | $22.9M | ||
| Q2 24 | $169.2M | $39.0K | ||
| Q1 24 | $190.5M | $-9.3M |
| Q4 25 | $230.2M | $8.7M | ||
| Q3 25 | $215.1M | $21.4M | ||
| Q2 25 | $183.0M | $-31.1M | ||
| Q1 25 | $223.5M | $-35.9M | ||
| Q4 24 | $181.9M | $4.8M | ||
| Q3 24 | $182.5M | $22.3M | ||
| Q2 24 | $169.0M | $-2.1M | ||
| Q1 24 | — | $-9.7M |
| Q4 25 | 77.1% | 3.4% | ||
| Q3 25 | 70.6% | 8.2% | ||
| Q2 25 | 60.1% | -13.9% | ||
| Q1 25 | 73.0% | -16.0% | ||
| Q4 24 | 60.3% | 1.7% | ||
| Q3 24 | 59.5% | 8.0% | ||
| Q2 24 | 55.3% | -1.0% | ||
| Q1 24 | — | -5.1% |
| Q4 25 | 0.2% | 0.4% | ||
| Q3 25 | 0.1% | 0.5% | ||
| Q2 25 | 0.0% | 0.9% | ||
| Q1 25 | 0.0% | 0.5% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.1% | 1.0% | ||
| Q1 24 | 0.0% | 0.2% |
| Q4 25 | 1.36× | 2.77× | ||
| Q3 25 | 1.13× | 10.70× | ||
| Q2 25 | 0.95× | -12.24× | ||
| Q1 25 | 1.21× | -13.01× | ||
| Q4 24 | 0.99× | 1.33× | ||
| Q3 24 | 0.91× | 4.28× | ||
| Q2 24 | 0.83× | 0.01× | ||
| Q1 24 | 1.09× | -3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MTG
Segment breakdown not available.
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
