Radian Historical Income Statement
| RDN Stock | USD 35.47 0.51 1.46% |
Historical analysis of Radian income statement accounts such as Other Operating Expenses of 366.8 M, Operating Income of 805.9 M, EBIT of 805.9 M or Ebitda of 805.9 M can show how well Radian Group performed in making a profits. Evaluating Radian income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Radian's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Radian Group 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 Radian Group is a good buy for the upcoming year.
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About Radian Income Statement Analysis
Radian Group 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 Radian shareholders. The income statement also shows Radian 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).
Radian Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Radian Group. It is also known as Radian 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Cost Of Revenue
Cost of Revenue is found on Radian Group income statement and represents the costs associated with goods and services Radian 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.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.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 Radian's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Radian Group 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Radian Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. At this time, Radian's Income Before Tax is very stable compared to the past year. As of the 25th of November 2024, Total Other Income Expense Net is likely to grow to about 5.7 M, while Interest Expense is likely to drop about 46.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 84.3M | 84.5M | 76.0M | 59.3M | Tax Provision | 164.2M | 209.8M | 168.2M | 176.0M |
Radian income statement Correlations
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Radian Account Relationship Matchups
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Radian income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 16.4M | 22.1M | 19.4M | 19.5M | 20.5M | 33.8M | |
| Interest Expense | 56.3M | 71.2M | 84.3M | 84.5M | 89.7M | 46.9M | |
| Total Revenue | 1.5B | 1.4B | 1.3B | 1.2B | 1.2B | 1.0B | |
| Gross Profit | 1.1B | 1.1B | 902.5M | 727.2M | 854.5M | 897.2M | |
| Other Operating Expenses | 678.0M | 959.2M | 565.1M | 237.9M | 386.1M | 366.8M | |
| Operating Income | 845.5M | 475.8M | 761.4M | 485.6M | 767.5M | 805.9M | |
| Ebit | 851.4M | 550.6M | 849.2M | 1.0B | 767.5M | 805.9M | |
| Ebitda | 867.8M | 572.7M | 868.5M | 1.1B | 767.5M | 805.9M | |
| Total Operating Expenses | (681.5M) | (962.8M) | (568.5M) | 381.1M | 438.3M | 460.2M | |
| Income Before Tax | 849.0M | 479.4M | 764.8M | 952.8M | 767.5M | 805.9M | |
| Total Other Income Expense Net | 3.5M | (959.2M) | (87.0M) | (99.3M) | 5.5M | 5.7M | |
| Net Income | 672.3M | 393.6M | 600.7M | 742.9M | 603.1M | 633.3M | |
| Income Tax Expense | 176.7M | 85.8M | 164.2M | 209.8M | 164.4M | 172.6M | |
| Cost Of Revenue | 414.5M | 366.8M | 427.4M | 463.5M | 386.1M | 366.8M | |
| Net Income Applicable To Common Shares | 672.3M | 393.6M | 600.7M | 742.9M | 854.4M | 427.2M | |
| Selling General Administrative | 306.1M | 280.7M | 323.7M | 381.1M | 438.3M | 251.3M | |
| Net Income From Continuing Ops | 672.3M | 393.6M | 600.7M | 742.9M | 622.8M | 468.9M | |
| Tax Provision | 176.7M | 85.8M | 164.2M | 209.8M | 168.2M | 176.0M | |
| Interest Income | 56.3M | 71.2M | 84.3M | 84.5M | 76.0M | 59.3M | |
| Net Interest Income | (56.3M) | (71.2M) | (84.3M) | (84.5M) | (90.7M) | (95.3M) | |
| Reconciled Depreciation | 72.7M | 71.7M | 3.5M | 4.3M | 5.7M | 5.4M |
Pair Trading with Radian
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Radian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Radian will appreciate offsetting losses from the drop in the long position's value.Moving together with Radian Stock
Moving against Radian Stock
| 0.48 | DIST | Distoken Acquisition | PairCorr |
| 0.44 | ICCH | ICC Holdings | PairCorr |
| 0.4 | AMSF | AMERISAFE | PairCorr |
| 0.4 | AB | AllianceBernstein | PairCorr |
| 0.4 | AC | Associated Capital | PairCorr |
The ability to find closely correlated positions to Radian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Radian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Radian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Radian Group to buy it.
The correlation of Radian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Radian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Radian Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Radian can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Radian Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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 Radian. If investors know Radian 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 Radian 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 0.01 | Dividend Share 0.96 | Earnings Share 3.86 | Revenue Per Share 8.473 | Quarterly Revenue Growth 0.068 |
The market value of Radian Group is measured differently than its book value, which is the value of Radian that is recorded on the company's balance sheet. Investors also form their own opinion of Radian's value that differs from its market value or its book value, called intrinsic value, which is Radian'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 Radian's market value can be influenced by many factors that don't directly affect Radian'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 Radian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Radian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Radian'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.