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MGIC INVESTMENT CORP（MTG）与OLD REPUBLIC INTERNATIONAL CORP（ORI）财务数据对比。点击上方公司名可切换其他公司
OLD REPUBLIC INTERNATIONAL CORP的季度营收约是MGIC INVESTMENT CORP的8.0倍（$2.4B vs $298.7M）。MGIC INVESTMENT CORP净利率更高（56.7% vs 13.8%，领先42.9%）。OLD REPUBLIC INTERNATIONAL CORP同比增速更快（6.7% vs -0.9%）。过去两年OLD REPUBLIC INTERNATIONAL CORP的营收复合增速更高（13.2% vs 0.7%）
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。
Old Republic International Corp是一家总部位于美国伊利诺伊州芝加哥的保险企业，核心业务覆盖财产保险、产权保险两大领域，深耕行业多年，具备成熟的风险防控能力与完善的服务体系，可为各类客户提供专业可靠的保险产品及相关解决方案。
MTG vs ORI — 直观对比
营收规模更大
ORI
是对方的8.0倍
$298.7M
营收增速更快
ORI
高出7.7%
-0.9%
净利率更高
MTG
高出42.9%
13.8%
两年增速更快
ORI
近两年复合增速
0.7%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $298.7M | $2.4B |
| 净利润 | $169.3M | $330.0M |
| 毛利率 | — | — |
| 营业利润率 | 71.2% | — |
| 净利率 | 56.7% | 13.8% |
| 营收同比 | -0.9% | 6.7% |
| 净利润同比 | -8.3% | 34.7% |
| 每股收益（稀释后） | $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MTGORI
| Q1 26 | — | $2.4B | ||
| Q4 25 | $298.7M | $2.4B | ||
| Q3 25 | $304.5M | $2.4B | ||
| Q2 25 | $304.2M | $2.2B | ||
| Q1 25 | $306.2M | $2.1B | ||
| Q4 24 | $301.4M | $2.0B | ||
| Q3 24 | $306.6M | $2.3B | ||
| Q2 24 | $305.3M | $1.9B |
净利润MTGORI
| Q1 26 | — | $330.0M | ||
| Q4 25 | $169.3M | $206.5M | ||
| Q3 25 | $191.1M | $279.5M | ||
| Q2 25 | $192.5M | $204.4M | ||
| Q1 25 | $185.5M | $245.0M | ||
| Q4 24 | $184.7M | $105.3M | ||
| Q3 24 | $200.0M | $338.9M | ||
| Q2 24 | $204.2M | $91.8M |
营业利润率MTGORI
| Q1 26 | — | — | ||
| Q4 25 | 71.2% | — | ||
| Q3 25 | 77.2% | 14.6% | ||
| Q2 25 | 80.9% | 11.8% | ||
| Q1 25 | 76.6% | 14.6% | ||
| Q4 24 | 77.9% | — | ||
| Q3 24 | 82.9% | 18.2% | ||
| Q2 24 | 85.1% | 6.1% |
净利率MTGORI
| Q1 26 | — | 13.8% | ||
| Q4 25 | 56.7% | 8.6% | ||
| Q3 25 | 62.8% | 11.5% | ||
| Q2 25 | 63.3% | 9.3% | ||
| Q1 25 | 60.6% | 11.6% | ||
| Q4 24 | 61.3% | 5.3% | ||
| Q3 24 | 65.2% | 14.5% | ||
| Q2 24 | 66.9% | 4.9% |
每股收益（稀释后）MTGORI
| Q1 26 | — | — | ||
| Q4 25 | $0.75 | $0.82 | ||
| Q3 25 | $0.83 | $1.11 | ||
| Q2 25 | $0.81 | $0.81 | ||
| Q1 25 | $0.75 | $0.98 | ||
| Q4 24 | $0.71 | $0.42 | ||
| Q3 24 | $0.77 | $1.32 | ||
| Q2 24 | $0.77 | $0.35 |
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 | $5.1B | $5.9M |
| 总资产 | $6.6B | $29.6M |
| 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MTGORI
| Q1 26 | — | — | ||
| 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 | — |
股东权益MTGORI
| Q1 26 | — | $5.9M | ||
| Q4 25 | $5.1B | $5.9B | ||
| Q3 25 | $5.2B | $6.4B | ||
| Q2 25 | $5.2B | $6.2B | ||
| Q1 25 | $5.1B | $5.9B | ||
| Q4 24 | $5.2B | $5.6B | ||
| Q3 24 | $5.3B | $6.4B | ||
| Q2 24 | $5.1B | $6.0B |
总资产MTGORI
| Q1 26 | — | $29.6M | ||
| Q4 25 | $6.6B | $29.9B | ||
| Q3 25 | $6.6B | $30.3B | ||
| Q2 25 | $6.5B | $29.3B | ||
| Q1 25 | $6.5B | $28.0B | ||
| Q4 24 | $6.5B | $27.8B | ||
| Q3 24 | $6.7B | $28.8B | ||
| Q2 24 | $6.5B | $27.5B |
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 | $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MTGORI
| Q1 26 | — | — | ||
| Q4 25 | $230.8M | $234.9M | ||
| Q3 25 | $215.4M | $563.9M | ||
| Q2 25 | $183.0M | $133.8M | ||
| Q1 25 | $223.7M | $231.7M | ||
| Q4 24 | $182.4M | $361.7M | ||
| Q3 24 | $182.9M | $474.8M | ||
| Q2 24 | $169.2M | $236.5M |
自由现金流MTGORI
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率MTGORI
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度MTGORI
| Q1 26 | — | — | ||
| 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% | — |
现金转化率MTGORI
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 1.14× | ||
| Q3 25 | 1.13× | 2.02× | ||
| Q2 25 | 0.95× | 0.65× | ||
| Q1 25 | 1.21× | 0.95× | ||
| Q4 24 | 0.99× | 3.43× | ||
| Q3 24 | 0.91× | 1.40× | ||
| Q2 24 | 0.83× | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
