Glacier Bancorp vs MGIC Investment
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The short version
- MGIC Investment is the larger business, with $1.2B of revenue in fiscal 2025 against $1.0B for Glacier Bancorp.
- Glacier Bancorp grew revenue faster (23.7%, against 0.5%).
- MGIC Investment turned more of its sales into free cash flow (70.2% FCF margin, against 33.7%).
- Investors pay more for each dollar of Glacier Bancorp’s earnings: a P/E of 19.7x against 9.0x for MGIC Investment.
| Latest fiscal year | GBCI · FY25 | MTG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $6.2B | $6.1B |
| Revenue | $1.0B | $1.2B |
| Free cash flow | $348M | $852M |
| Net income | $239M | $738M |
| Growth | ||
| Revenue growth | 23.7% | 0.5% |
| 5-year growth | 5.9% | 0.2% |
| Share count change | 5.9% | −11.0% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 23.2% | 60.8% |
| FCF margin | 33.7% | 70.2% |
| Return on capital | — | — |
| Return on equity | 6.4% | 14.3% |
| Balance sheet | ||
| Net debt | — | — |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $163M | $921M |
| Valuation & quality | ||
| P/E | 19.7x | 9.0x |
| Piotroski F-score | — | — |
Revenue
FY16
GBCI $422M
MTG $1.1B
FY17
GBCI $457M
MTG $1.1B
FY18
GBCI $552M
MTG $1.1B
FY19
GBCI $634M
MTG $1.2B
FY20
GBCI $773M
MTG $1.2B
FY21
GBCI $807M
MTG $1.2B
FY22
GBCI $909M
MTG $1.2B
FY23
GBCI $810M
MTG $1.2B
FY24
GBCI $833M
MTG $1.2B
FY25
GBCI $1.0B
MTG $1.2B
GBCI
MTG
Operating margin
FY16
GBCI —
MTG —
FY17
GBCI —
MTG —
FY18
GBCI —
MTG —
FY19
GBCI —
MTG —
FY20
GBCI —
MTG —
FY21
GBCI —
MTG —
FY22
GBCI —
MTG —
FY23
GBCI —
MTG —
FY24
GBCI —
MTG —
FY25
GBCI —
MTG —
GBCI
MTG
Free cash flow
FY16
GBCI —
MTG $214M
FY17
GBCI —
MTG $391M
FY18
GBCI —
MTG $530M
FY19
GBCI —
MTG $604M
FY20
GBCI —
MTG $729M
FY21
GBCI —
MTG $692M
FY22
GBCI $437M
MTG $647M
FY23
GBCI $451M
MTG $711M
FY24
GBCI $210M
MTG $724M
FY25
GBCI $348M
MTG $852M
GBCI
MTG
Return on capital
FY16
GBCI —
MTG 11.1%
FY17
GBCI —
MTG 11.3%
FY18
GBCI —
MTG 17.5%
FY19
GBCI —
MTG 15.5%
FY20
GBCI —
MTG 9.3%
FY21
GBCI —
MTG 12.2%
FY22
GBCI —
MTG 16.9%
FY23
GBCI —
MTG 14.4%
FY24
GBCI —
MTG —
FY25
GBCI —
MTG —
GBCI
MTG
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.