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MBIA INC（MBI）与MGIC INVESTMENT CORP（MTG）财务数据对比。点击上方公司名可切换其他公司
MGIC INVESTMENT CORP的季度营收约是MBIA INC的10.7倍（$298.7M vs $28.0M）。MGIC INVESTMENT CORP净利率更高（56.7% vs -182.1%，领先238.8%）。MGIC INVESTMENT CORP同比增速更快（-0.9% vs -24.3%）。过去两年MBIA INC的营收复合增速更高（46.8% vs 0.7%）
MBIA Inc.是一家美国金融服务企业，1973年以市政债券保险协会之名成立，总部位于纽约州帕切斯，是全球规模最大的债券保险公司，截至2015年1月共有约180名员工，深耕债券保险领域多年，在行业内拥有重要影响力。
MGIC投资集团（纽交所代码：MTG）是美国专业的私人抵押贷款保险服务商，总部位于威斯康星州密尔沃基市，主要为美国本土住房抵押贷款业务提供保险解决方案，帮助贷款机构管控信用风险，助力普通消费者顺利获得购房贷款支持。
MBI vs MTG — 直观对比
营收规模更大
MTG
是对方的10.7倍
$28.0M
营收增速更快
MTG
高出23.4%
-24.3%
净利率更高
MTG
高出238.8%
-182.1%
两年增速更快
MBI
近两年复合增速
0.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $28.0M | $298.7M |
| 净利润 | $-51.0M | $169.3M |
| 毛利率 | — | — |
| 营业利润率 | -200.0% | 71.2% |
| 净利率 | -182.1% | 56.7% |
| 营收同比 | -24.3% | -0.9% |
| 净利润同比 | -106.1% | -8.3% |
| 每股收益（稀释后） | $-1.01 | $0.75 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MBIMTG
| Q4 25 | $28.0M | $298.7M | ||
| Q3 25 | $15.0M | $304.5M | ||
| Q2 25 | $23.0M | $304.2M | ||
| Q1 25 | $14.0M | $306.2M | ||
| Q4 24 | $37.0M | $301.4M | ||
| Q3 24 | $29.0M | $306.6M | ||
| Q2 24 | $-37.0M | $305.3M | ||
| Q1 24 | $13.0M | $294.4M |
净利润MBIMTG
| Q4 25 | $-51.0M | $169.3M | ||
| Q3 25 | $-8.0M | $191.1M | ||
| Q2 25 | $-56.0M | $192.5M | ||
| Q1 25 | $-62.0M | $185.5M | ||
| Q4 24 | $831.0M | $184.7M | ||
| Q3 24 | $-56.0M | $200.0M | ||
| Q2 24 | $-254.0M | $204.2M | ||
| Q1 24 | $-86.0M | $174.1M |
营业利润率MBIMTG
| Q4 25 | -200.0% | 71.2% | ||
| Q3 25 | -46.7% | 77.2% | ||
| Q2 25 | -243.5% | 80.9% | ||
| Q1 25 | -442.9% | 76.6% | ||
| Q4 24 | -135.1% | 77.9% | ||
| Q3 24 | -175.9% | 82.9% | ||
| Q2 24 | 683.8% | 85.1% | ||
| Q1 24 | -669.2% | 74.7% |
净利率MBIMTG
| Q4 25 | -182.1% | 56.7% | ||
| Q3 25 | -53.3% | 62.8% | ||
| Q2 25 | -243.5% | 63.3% | ||
| Q1 25 | -442.9% | 60.6% | ||
| Q4 24 | 2245.9% | 61.3% | ||
| Q3 24 | -193.1% | 65.2% | ||
| Q2 24 | 686.5% | 66.9% | ||
| Q1 24 | -661.5% | 59.1% |
每股收益（稀释后）MBIMTG
| Q4 25 | $-1.01 | $0.75 | ||
| Q3 25 | $-0.17 | $0.83 | ||
| Q2 25 | $-1.12 | $0.81 | ||
| Q1 25 | $-1.28 | $0.75 | ||
| Q4 24 | $-1.07 | $0.71 | ||
| Q3 24 | $-1.18 | $0.77 | ||
| Q2 24 | $-5.34 | $0.77 | ||
| Q1 24 | $-1.84 | $0.64 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $369.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-2.2B | $5.1B |
| 总资产 | $2.0B | $6.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MBIMTG
| Q4 25 | — | $369.0M | ||
| Q3 25 | — | $266.9M | ||
| Q2 25 | — | $294.9M | ||
| Q1 25 | — | $207.0M | ||
| Q4 24 | — | $229.5M | ||
| Q3 24 | — | $288.6M | ||
| Q2 24 | — | $281.8M | ||
| Q1 24 | — | $431.3M |
股东权益MBIMTG
| Q4 25 | $-2.2B | $5.1B | ||
| Q3 25 | $-2.2B | $5.2B | ||
| Q2 25 | $-2.2B | $5.2B | ||
| Q1 25 | $-2.1B | $5.1B | ||
| Q4 24 | $-2.1B | $5.2B | ||
| Q3 24 | $-2.0B | $5.3B | ||
| Q2 24 | $-2.0B | $5.1B | ||
| Q1 24 | $-1.7B | $5.1B |
总资产MBIMTG
| Q4 25 | $2.0B | $6.6B | ||
| Q3 25 | $2.1B | $6.6B | ||
| Q2 25 | $2.1B | $6.5B | ||
| Q1 25 | $2.1B | $6.5B | ||
| Q4 24 | $2.2B | $6.5B | ||
| Q3 24 | $2.2B | $6.7B | ||
| Q2 24 | $2.3B | $6.5B | ||
| Q1 24 | $2.5B | $6.5B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-10.0M | $230.8M |
| 自由现金流经营现金流 - 资本支出 | — | $230.2M |
| 自由现金流率自由现金流/营收 | — | 77.1% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 现金转化率经营现金流/净利润 | — | 1.36× |
| 过去12个月自由现金流最近4个季度 | — | $851.8M |
8季度趋势，按日历期对齐
经营现金流MBIMTG
| Q4 25 | $-10.0M | $230.8M | ||
| Q3 25 | $90.0M | $215.4M | ||
| Q2 25 | $1.0M | $183.0M | ||
| Q1 25 | $-43.0M | $223.7M | ||
| Q4 24 | $3.0M | $182.4M | ||
| Q3 24 | $-139.0M | $182.9M | ||
| Q2 24 | $-10.0M | $169.2M | ||
| Q1 24 | $-30.0M | $190.5M |
自由现金流MBIMTG
| Q4 25 | — | $230.2M | ||
| Q3 25 | — | $215.1M | ||
| Q2 25 | — | $183.0M | ||
| Q1 25 | — | $223.5M | ||
| Q4 24 | — | $181.9M | ||
| Q3 24 | — | $182.5M | ||
| Q2 24 | — | $169.0M | ||
| Q1 24 | — | — |
自由现金流率MBIMTG
| Q4 25 | — | 77.1% | ||
| Q3 25 | — | 70.6% | ||
| Q2 25 | — | 60.1% | ||
| Q1 25 | — | 73.0% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 59.5% | ||
| Q2 24 | — | 55.3% | ||
| Q1 24 | — | — |
资本支出强度MBIMTG
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.0% |
现金转化率MBIMTG
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | 0.00× | 0.99× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | 1.09× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MBI
| US Public Finance Insurance | $15.0M | 54% |
| Corporate Operations | $7.0M | 25% |
| International And Structured Finance Insurance | $5.0M | 18% |
| Other | $1.0M | 4% |
MTG
暂无分部数据
