MGIC Historical Income Statement
| MTG Stock | USD 25.74 0.43 1.70% |
Historical analysis of MGIC Investment income statement accounts such as Total Revenue of 1.3 B can show how well MGIC Investment Corp performed in making a profits. Evaluating MGIC Investment income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of MGIC Investment's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining MGIC Investment Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether MGIC Investment Corp is a good buy for the upcoming year.
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About MGIC Income Statement Analysis
MGIC Investment Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to MGIC Investment shareholders. The income statement also shows MGIC investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
MGIC Investment Income Statement Chart
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Total Revenue
Total revenue comprises all receipts MGIC Investment Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of MGIC Investment Corp minus its cost of goods sold. It is profit before MGIC Investment operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of MGIC Investment Corp. It is also known as MGIC Investment overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on MGIC Investment Corp income statement and represents the costs associated with goods and services MGIC Investment provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from MGIC Investment's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into MGIC Investment Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, MGIC Investment's Operating Income is most likely to increase significantly in the upcoming years. The MGIC Investment's current EBIT is estimated to increase to about 1.1 B, while Gross Profit is projected to decrease to roughly 1.2 B.
| 2022 | 2023 | 2024 | 2025 (projected) | Interest Expense | 48.1M | 36.9M | 42.4M | 49.5M | Depreciation And Amortization | 54.3M | 35.2M | 40.5M | 42.6M |
MGIC Investment income statement Correlations
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MGIC Investment income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 57.8M | 66.0M | 54.3M | 35.2M | 40.5M | 42.6M | |
| Interest Expense | 59.6M | 71.4M | 48.1M | 36.9M | 42.4M | 49.5M | |
| Total Revenue | 1.2B | 1.2B | 1.2B | 1.2B | 1.3B | 1.3B | |
| Gross Profit | 1.0B | 987.2M | 936.1M | 1.2B | 1.3B | 1.2B | |
| Other Operating Expenses | 639.9M | 383.9M | 82.8M | 252.9M | 290.8M | 276.3M | |
| Operating Income | 550.2M | 793.5M | 1.1B | 902.2M | 1.0B | 1.1B | |
| Ebit | 618.9M | 873.1M | 1.1B | 902.2M | 1.0B | 1.1B | |
| Ebitda | 676.7M | 939.2M | 1.2B | 902.2M | 1.0B | 1.1B | |
| Total Operating Expenses | (648.9M) | (392.1M) | 202M | 250.6M | 288.2M | 455.2M | |
| Income Before Tax | 559.3M | 801.8M | 1.1B | 902.2M | 1.0B | 1.1B | |
| Total Other Income Expense Net | (86.3M) | (108.3M) | (88.3M) | 2.0M | 1.8M | 1.7M | |
| Net Income | 446.1M | 635.0M | 865.3M | 712.9M | 819.9M | 860.9M | |
| Income Tax Expense | 113.2M | 166.8M | 224.7M | 189.3M | 170.4M | 178.9M | |
| Cost Of Revenue | 176.4M | 198.4M | 236.7M | 226.0M | 203.4M | 193.2M | |
| Net Income Applicable To Common Shares | 673.8M | 446.1M | 635.0M | 865.3M | 995.2M | 1.0B | |
| Net Income From Continuing Ops | 672.4M | 635.0M | 1.3B | 719.9M | 827.9M | 433.0M | |
| Tax Provision | 113.2M | 166.8M | 224.7M | 192.9M | 221.9M | 117.6M | |
| Interest Income | 52.7M | 59.6M | 71.4M | 48.1M | 43.2M | 46.7M | |
| Net Interest Income | (59.6M) | (71.4M) | (48.1M) | (37.4M) | (43.0M) | (45.1M) | |
| Reconciled Depreciation | 57.8M | 66.0M | 54.3M | 40.4M | 36.4M | 44.6M |
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When determining whether MGIC Investment Corp is a strong investment it is important to analyze MGIC Investment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGIC Investment's future performance. For an informed investment choice regarding MGIC Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Commercial & Residential Mortgage Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGIC Investment. If investors know MGIC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGIC Investment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.201 | Dividend Share 0.475 | Earnings Share 2.83 | Revenue Per Share | Quarterly Revenue Growth 0.034 |
The market value of MGIC Investment Corp is measured differently than its book value, which is the value of MGIC that is recorded on the company's balance sheet. Investors also form their own opinion of MGIC Investment's value that differs from its market value or its book value, called intrinsic value, which is MGIC Investment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGIC Investment's market value can be influenced by many factors that don't directly affect MGIC Investment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGIC Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if MGIC Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGIC Investment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.