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Radian Group (RDN) Financials

Radian Group logo
$33.84 -0.31 (-0.91%)
Closing price 03:59 PM Eastern
Extended Trading
$33.80 -0.04 (-0.13%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Radian Group

Annual Income Statements for Radian Group

This table shows Radian Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 287 308 121 606 672 394 601 743 603 604 583
Consolidated Net Income / (Loss)		 287 308 121 606 672 394 601 743 603 604 583
Net Income / (Loss) Continuing Operations		 282 308 121 606 672 394 601 743 676 660 618
Total Pre-Tax Income 		438 484 347 684 849 479 765 953 864 846 791
Total Operating Income		 529 565 409 746 905 551 849 1,037 950 934 860
Total Gross Profit		 1,100 1,124 1,117 1,175 1,419 1,353 1,226 1,108 1,177 1,206 1,197
Total Revenue		 1,193 1,238 1,222 1,273 1,527 1,439 1,330 1,191 1,177 1,206 1,197
Operating Revenue		 1,158 1,208 1,218 1,315 1,475 1,378 1,314 1,271 1,168 1,211 1,197
Other Revenue		 36 31 3.62 -42 52 60 16 -81 9.41 -4.35 -0.02
Total Cost of Revenue		 94 114 105 98 108 86 104 82 0.00 0.00 0.00
Total Operating Expenses		 571 559 708 429 513 802 377 71 227 273 338
Selling, General & Admin Expense		 242 245 267 281 306 281 324 381 245 248 246
Amortization Expense		 35 37 52 38 48 36 32 28 25 27 25
Other Operating Expenses / (Income)		 199 278 135 105 132 485 21 -338 -42 -2.25 67
Total Other Income / (Expense), net		 -91 -81 -63 -61 -56 -71 -84 -84 -86 -88 -68
Interest Expense		 91 81 63 61 56 71 84 84 86 88 68
Income Tax Expense		 156 175 226 78 177 86 164 210 188 185 173
Net Income / (Loss) Discontinued Operations		 5.39 - - - - - - - -73 -56 -36
Basic Earnings per Share		 $1.44 $1.46 $0.56 $2.83 $3.22 $2.01 $3.19 $4.42 $3.81 $3.96 $4.18
Weighted Average Basic Shares Outstanding		 199.91M 211.79M 215.32M 214.27M 208.77M 195.44M 188.37M 167.93M 158.14M 152.47M 139.45M
Diluted Earnings per Share		 $1.22 $1.37 $0.55 $2.77 $3.20 $2.00 $3.16 $4.35 $3.77 $3.92 $4.14
Weighted Average Diluted Shares Outstanding		 246.33M 229.26M 220.41M 218.55M 210.34M 196.64M 190.26M 170.66M 160.13M 154.19M 140.81M
Weighted Average Basic & Diluted Shares Outstanding		 197.50M 215.08M 216.03M 213.66M 198.64M 191.69M - - 151.50M 145.06M 136.27M
Cash Dividends to Common per Share		 $0.01 $0.01 $0.01 $0.01 $0.01 $0.50 $0.55 $0.80 $0.90 $0.98 $1.02

Quarterly Income Statements for Radian Group

This table shows Radian Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 157 143 152 152 152 148 145 142 141 155 124
Consolidated Net Income / (Loss)		 157 143 152 152 152 148 145 142 141 155 124
Net Income / (Loss) Continuing Operations		 157 143 152 152 167 148 152 142 153 179 129
Total Pre-Tax Income 		201 180 199 188 214 189 199 175 199 229 174
Total Operating Income		 224 203 228 215 236 212 201 201 216 232 183
Total Gross Profit		 304 320 310 312 313 306 297 309 303 276 475
Total Revenue		 313 329 319 321 313 316 297 318 303 258 475
Operating Revenue		 321 315 319 326 307 325 297 323 302 254 475
Total Cost of Revenue		 8.89 8.95 9.33 9.54 0.00 9.87 0.00 8.42 0.00 -17 0.00
Total Operating Expenses		 79 117 82 96 77 94 96 109 87 43 293
Selling, General & Admin Expense		 79 95 83 92 64 88 58 89 62 17 98
Amortization Expense		 8.29 7.52 6.79 6.52 6.72 7.28 6.39 7.21 7.17 4.28 66
Other Operating Expenses / (Income)		 -8.14 4.17 -7.03 -1.75 6.35 -0.62 32 12 18 22 129
Total Other Income / (Expense), net		 -23 -23 -29 -27 -22 -23 -2.00 -26 -17 -2.73 -8.88
Other Income / (Expense), net		 - - - - - - -2.00 - - - -8.88
Income Tax Expense		 44 37 46 36 48 41 47 33 46 50 44
Net Income / (Loss) Discontinued Operations		 - - - - -15 - -7.53 - -11 - -5.37
Basic Earnings per Share		 $0.99 $0.90 $0.99 $0.99 $1.00 $0.98 $0.99 $1.03 $1.04 $1.12 $0.90
Weighted Average Basic Shares Outstanding		 158.46M 158.14M 153.82M 153.11M 151.85M 152.47M 145.62M 137.38M 137.00M 139.45M 137.00M
Diluted Earnings per Share		 $0.98 $0.90 $0.98 $0.98 $0.99 $0.97 $0.98 $1.02 $1.03 $1.11 $0.89
Weighted Average Diluted Shares Outstanding		 160.15M 160.13M 155.97M 154.40M 153.07M 154.19M 147.73M 138.36M 137.93M 140.81M 138.49M
Weighted Average Basic & Diluted Shares Outstanding		 153.16M 151.50M 150.58M 150.42M 148.93M 145.06M 134.33M 135.45M 135.49M 136.27M 132.98M
Cash Dividends to Common per Share		 $0.23 - $0.25 $0.25 $0.25 - $0.26 $0.26 $0.26 - $0.26

Annual Cash Flow Statements for Radian Group

This table details how cash moves in and out of Radian Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 15 1.92 34 11 2,052 1,836 58 -96 639 682 622
Net Cash From Operating Activities		 12 382 361 678 2,052 1,836 557 388 529 -664 120
Net Cash From Continuing Operating Activities		 13 382 361 678 2,052 1,836 557 388 613 655 720
Net Income / (Loss) Continuing Operations		 282 308 121 606 672 394 601 743 1,352 1,321 1,236
Consolidated Net Income / (Loss)		 287 308 121 606 849 479 601 743 1,279 1,265 1,201
Net Income / (Loss) Discontinued Operations		 5.39 - - - - - - - -73 -56 -36
Depreciation Expense		 69 58 58 57 - - 72 72 58 62 46
Non-Cash Adjustments To Reconcile Net Income		 111 14 248 60 194 85 -179 -21 -82 -46 -37
Changes in Operating Assets and Liabilities, net		 -461 -12 -95 -57 984 1,240 60 -410 -38 -21 92
Net Cash From Discontinued Operating Activities		 -1.76 - - - - - - - -83 -1,319 -600
Net Cash From Investing Activities		 2.79 -176 -201 -689 0.00 0.00 -1.86 -5.18 -301 328 127
Net Cash From Continuing Investing Activities		 -2.21 -176 -201 -689 0.00 0.00 -1.86 -5.18 -230 279 -95
Purchase of Property, Plant & Equipment		 -25 -36 -29 -26 - - -13 -18 -8.53 -1.56 -4.21
Purchase of Investments		 -1,562 -1,991 -2,161 -1,944 - - -2,086 -1,440 -936 -1,365 -798
Sale and/or Maturity of Investments		 571 1,725 1,909 1,232 - - 2,090 1,459 713 1,627 705
Other Investing Activities, net		 222 124 80 57 - - 6.13 -6.89 1.66 18 2.30
Net Cash From Discontinued Investing Activities		 5.00 - - - - - - - -70 49 222
Net Cash From Financing Activities		 0.60 -203 -125 22 0.00 0.00 -497 -479 -265 357 -243
Net Cash From Continuing Financing Activities		 0.60 -203 -125 22 0.00 0.00 -497 -479 -287 -810 -649
Repayment of Debt		 -156 -445 -596 -23 - - -38 -378 -54 -1,010 -104
Repurchase of Common Equity		 -202 -100 -0.01 -50 - - -399 -400 -133 -225 -432
Payment of Dividends		 -2.00 -2.11 -2.15 -2.14 - - -103 -135 -146 -152 -146
Issuance of Debt		 343 343 462 96 - - 42 382 5.99 623 95
Issuance of Common Equity		 1.29 0.72 7.13 1.39 - - 1.38 1.34 1.76 0.93 1.04
Other Financing Activities, net		 16 0.33 4.21 0.00 - - - 51 38 -47 -63
Net Cash From Discontinued Financing Activities		 0.00 - - - - - - - 22 1,168 406
Cash Interest Paid		 61 66 57 57 - - 79 79 87 108 91
Cash Income Taxes Paid		 3.71 -0.67 94 8.36 - - 144 244 154 173 137

Quarterly Cash Flow Statements for Radian Group

This table details how cash moves in and out of Radian Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -5.67 -37 8.76 38 14 11 -68 -6.15 453 188 33
Net Cash From Operating Activities		 75 265 51 -207 -238 -269 68 -713 358 407 285
Net Cash From Continuing Operating Activities		 75 265 51 -156 -238 -269 207 -713 1,192 174 146
Net Income / (Loss) Continuing Operations		 157 143 152 304 152 148 152 142 632 318 129
Consolidated Net Income / (Loss)		 157 143 152 - 152 148 145 142 601 314 124
Net Income / (Loss) Discontinued Operations		 - - - - - - -7.53 - - -3.96 -5.37
Depreciation Expense		 13 30 14 - 19 26 0.00 27 2.58 2.76 0.00
Amortization Expense		 1.37 11 - - - - 0.00 - - - 0.00
Non-Cash Adjustments To Reconcile Net Income		 -84 53 -120 - -436 -452 0.00 -830 942 -14 0.00
Changes in Operating Assets and Liabilities, net		 -12 27 4.48 - 28 8.10 0.00 -52 74 26 0.00
Net Cash From Discontinued Operating Activities		 - - - - - - -139 - - 233 139
Net Cash From Investing Activities		 -99 -111 -73 -1.04 367 35 106 125 -27 -77 -181
Net Cash From Continuing Investing Activities		 -99 -111 -73 -1.04 367 35 50 125 -233 -93 -210
Purchase of Property, Plant & Equipment		 -4.28 -1.89 -1.56 -1.07 -0.21 -0.34 -1.09 -1.28 -0.84 -0.87 -0.75
Acquisitions		 - - - - - - 0.00 - - - -1,567
Purchase of Investments		 -216 -140 -328 -432 -264 -343 -258 -281 -171 -66 -687
Sale and/or Maturity of Investments		 124 27 257 431 622 321 301 341 34 -17 2,035
Other Investing Activities, net		 -2.75 2.90 -0.18 1.41 8.55 58 7.52 67 -95 -8.58 9.79
Net Cash From Discontinued Investing Activities		 - - - - - - 56 - - 16 29
Net Cash From Financing Activities		 19 -190 31 195 -115 245 -187 582 -338 -300 -55
Net Cash From Continuing Financing Activities		 19 -190 31 195 -115 245 -250 582 -930 -114 85
Repayment of Debt		 -250 -495 -738 -121 -1,097 431 -18 -834 1,050 -32 -68
Repurchase of Common Equity		 -50 -63 -50 -50 -49 -76 -209 -223 - - -50
Payment of Dividends		 -36 -35 -38 -41 -37 -37 -37 -39 -35 -35 -35
Issuance of Debt		 335 372 916 406 1,101 -82 2.50 1,649 -1,901 11 205
Issuance of Common Equity		 0.02 0.22 0.46 0.43 0.04 - 0.11 0.67 0.25 0.02 0.15
Other Financing Activities, net		 - 30 -60 - - 8.82 12 28 -44 -58 33
Net Cash From Discontinued Financing Activities		 - - - - - - 62 - - -186 -140
Cash Interest Paid		 - - - - - - 0.00 - - - 0.00
Cash Income Taxes Paid		 - - - - - - 0.00 - - - 0.00

Annual Balance Sheets for Radian Group

This table presents Radian Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 5,642 5,863 5,901 6,315 6,808 7,948 7,839 7,064 7,594 8,690 8,122
Total Current Assets		 4,419 4,601 4,043 5,205 5,714 6,848 6,956 6,308 6,849 6,617 7,076
Cash & Equivalents		 47 52 81 95 93 88 151 56 19 19 25
Restricted Cash		 13 9.67 16 12 3.55 6.23 1.48 0.38 1.07 0.03 0.01
Short-Term Investments		 4,297 4,461 3,874 5,019 5,524 6,632 6,325 5,535 5,955 5,556 5,875
Accounts Receivable		 62 78 73 79 94 121 124 120 124 121 120
Current Deferred & Refundable Income Taxes		 - - - - - - 354 596 750 921 1,056
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 80 75 71 64 23 0.00
Total Noncurrent Assets		 1,223 1,262 1,858 1,110 1,094 1,020 808 685 681 2,049 1,046
Long-Term Investments		 1.71 1.20 770 134 134 156 188 158 176 190 153
Goodwill		 289 276 64 59 28 23 20 15 - - 0.00
Other Noncurrent Operating Assets		 354 573 794 785 931 841 600 511 504 411 419
Other Noncurrent Nonoperating Assets		 - - - - - - - - - 1,447 474
Total Liabilities & Shareholders' Equity		 5,642 5,863 5,901 6,315 6,808 7,948 7,839 7,064 7,594 8,690 8,122
Total Liabilities		 3,145 2,991 2,901 2,826 2,760 3,664 3,580 3,144 3,196 4,066 3,341
Total Current Liabilities		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 397
Short-Term Debt		 - - - - - - - - - - 33
Other Current Nonoperating Liabilities		 - - - - - - - - - - 364
Total Noncurrent Liabilities		 3,145 2,991 2,901 2,826 2,760 3,664 3,580 3,144 3,196 4,066 2,944
Long-Term Debt		 1,219 1,070 1,027 1,030 887 1,406 1,560 1,569 1,537 1,111 1,076
Asset Retirement Reserve & Litigation Obligation		 976 760 508 401 405 848 829 427 370 354 400
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - 214 338 391 590 772 942
Other Noncurrent Operating Liabilities		 949 1,161 1,366 1,394 1,468 1,196 854 757 699 588 526
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,497 2,872 3,000 3,489 4,049 4,284 4,259 3,919 4,398 4,624 4,782
Total Preferred & Common Equity		 2,497 2,872 3,000 3,489 4,049 4,284 4,259 3,919 4,398 4,624 4,782
Total Common Equity		 2,497 2,872 3,000 3,489 4,049 4,284 4,259 3,919 4,398 4,624 4,782
Common Stock		 2,717 2,780 2,755 2,725 2,450 2,246 1,879 1,520 1,431 1,247 861
Retained Earnings		 692 998 1,116 1,720 2,390 2,685 3,181 3,787 4,244 4,695 5,132
Treasury Stock		 -893 -893 -894 -895 -902 -910 -921 -931 -946 -968 -990
Accumulated Other Comprehensive Income / (Loss)		 -18 -12 23 -61 110 264 120 -457 -331 -350 -222

Quarterly Balance Sheets for Radian Group

This table presents Radian Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 6,986 7,204 7,307 7,379 7,760 8,130 8,420 8,765 9,581 8,205 10,652
Total Current Assets		 6,058 6,434 6,562 6,528 6,925 6,971 6,853 6,793 6,835 6,924 8,717
Cash & Equivalents		 55 50 61 55 27 14 28 24 22 15 55
Restricted Cash		 1.11 0.58 1.32 1.31 1.83 1.99 2.01 4.17 0.11 0.01 33
Short-Term Investments		 5,302 5,657 5,698 5,630 6,016 5,979 5,814 5,716 5,685 5,768 6,907
Accounts Receivable		 174 130 138 145 130 138 138 128 130 129 666
Current Deferred & Refundable Income Taxes		 526 596 663 697 750 838 870 921 998 1,013 1,056
Plant, Property, & Equipment, net		 76 72 74 75 61 56 42 26 24 19 0.00
Total Noncurrent Assets		 852 698 671 776 774 1,103 1,525 1,947 2,722 1,262 1,935
Long-Term Investments		 290 223 241 301 358 656 733 398 850 127 185
Goodwill		 17 14 13 11 - - - - - - 421
Other Noncurrent Operating Assets		 545 461 417 463 417 446 792 1,549 1,872 412 1,050
Other Noncurrent Nonoperating Assets		 - - - - - - - - - 723 280
Total Liabilities & Shareholders' Equity		 6,986 7,204 7,307 7,379 7,760 8,130 8,420 8,765 9,581 8,205 10,652
Total Liabilities		 3,248 3,098 3,136 3,226 3,320 3,647 3,721 4,179 5,088 3,552 5,843
Total Current Liabilities		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 714
Short-Term Debt		 - - - - - - - - - - 495
Other Current Nonoperating Liabilities		 - - - - - - - - - - 219
Total Noncurrent Liabilities		 3,248 3,098 3,136 3,226 3,320 3,647 3,721 4,179 5,088 3,552 5,129
Long-Term Debt		 1,412 1,536 1,594 1,658 1,720 1,998 1,617 1,339 1,830 1,128 774
Asset Retirement Reserve & Litigation Obligation		 484 406 379 368 362 357 363 375 383 388 1,823
Noncurrent Deferred & Payable Income Tax Liabilities		 335 456 480 498 626 656 738 804 841 910 979
Other Noncurrent Operating Liabilities		 1,016 701 682 702 611 635 1,003 1,661 2,034 576 1,554
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 3,738 4,106 4,171 4,153 4,440 4,482 4,699 4,587 4,493 4,652 4,809
Total Preferred & Common Equity		 3,738 4,106 4,171 4,153 4,440 4,482 4,699 4,587 4,493 4,652 4,809
Total Common Equity		 3,738 4,106 4,171 4,153 4,440 4,482 4,699 4,587 4,493 4,652 4,809
Common Stock		 1,514 1,516 1,523 1,483 1,391 1,357 1,315 1,049 848 855 842
Retained Earnings		 3,657 3,908 4,016 4,137 4,358 4,470 4,584 4,802 4,907 5,013 5,220
Treasury Stock		 -930 -931 -945 -946 -946 -967 -968 -969 -989 -989 -991
Accumulated Other Comprehensive Income / (Loss)		 -502 -387 -424 -521 -362 -377 -233 -295 -273 -226 -262

Annual Metrics And Ratios for Radian Group

This table displays calculated financial ratios and metrics derived from Radian Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.24% 3.79% -1.36% 4.21% 19.95% -5.79% -7.55% -10.47% 4.19% 4.01% -0.76%
EBITDA Growth		 8.34% 4.14% -22.10% 64.49% 14.22% -37.51% 66.38% 20.46% -15.06% 1.26% -8.98%
EBIT Growth		 6.29% 6.78% -27.50% 82.10% 21.41% -39.18% 54.23% 22.15% -17.36% 2.58% -7.94%
NOPAT Growth		 -77.91% 5.83% -60.27% 361.85% 8.54% -36.95% 47.53% 21.27% -16.71% 2.30% -7.89%
Net Income Growth		 -70.10% 7.43% -60.72% 400.47% 10.94% -41.45% 52.60% 23.68% -18.82% 0.22% -3.61%
EPS Growth		 -70.67% 12.30% -59.85% 403.64% 15.52% -37.50% 58.00% 37.66% -13.33% 3.98% 5.61%
Operating Cash Flow Growth		 108.01% 3,156.75% -5.54% 87.97% 202.75% -10.54% -34.33% -30.30% 36.35% -225.34% 118.06%
Free Cash Flow Firm Growth		 -390.25% 356.87% -8.84% 151.54% 15.51% 3.81% -66.58% -22.26% 181.56% 0.51% -11.23%
Invested Capital Growth		 41.57% 9.31% -22.43% -3.91% -10.56% -45.58% 30.96% 69.14% 17.20% 26.44% 2.36%
Revenue Q/Q Growth		 -1.66% -0.04% 3.69% 1.08% 3.85% -1.25% -2.31% -1.95% 1.13% -0.95% -6.11%
EBITDA Q/Q Growth		 9.56% 4.03% 23.66% 5.88% 1.76% -14.68% 20.51% -3.91% 12.24% 0.35% 0.31%
EBIT Q/Q Growth		 2.10% -1.85% 18.73% 1.69% 2.93% -12.95% 14.56% -7.59% 5.45% 1.05% 3.89%
NOPAT Q/Q Growth		 -75.57% -4.61% -33.84% 28.04% 2.66% -11.12% 13.02% -7.28% 5.25% 0.76% 3.78%
Net Income Q/Q Growth		 -55.22% -4.18% -30.95% 28.11% 3.29% -3.24% 8.18% -4.02% -3.15% 0.93% 1.14%
EPS Q/Q Growth		 -54.31% -3.52% -29.49% 27.06% 5.96% -2.91% 10.49% -1.36% -2.33% 1.82% 3.50%
Operating Cash Flow Q/Q Growth		 -82.80% 24.37% 15.31% 6.89% 196.25% 0.00% 0.00% -10.93% 42.85% -413.60% 121.54%
Free Cash Flow Firm Q/Q Growth		 -294.19% 15.08% 257.05% -1.68% 4.03% 407.74% -51.32% -83.70% 96.73% -17.79% -3.20%
Invested Capital Q/Q Growth		 17.93% 12.56% -35.43% -4.24% -5.45% 0.00% 0.00% 47.42% -22.47% 39.11% 23.27%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 92.15% 90.78% 91.44% 92.29% 92.91% 94.02% 92.20% 93.08% 96.90% 97.03% 100.00%
EBITDA Margin		 51.17% 51.34% 40.55% 64.00% 60.95% 40.43% 69.53% 93.54% 76.26% 74.25% 75.68%
Operating Margin		 44.33% 45.61% 33.52% 58.58% 59.29% 38.27% 63.85% 87.11% 69.09% 68.15% 71.80%
EBIT Margin		 44.33% 45.61% 33.52% 58.58% 59.29% 38.27% 63.85% 87.11% 69.09% 68.15% 71.80%
Profit (Net Income) Margin		 24.05% 24.89% 9.91% 47.60% 44.03% 27.36% 45.17% 62.39% 48.62% 46.85% 48.67%
Tax Burden Percent		 65.53% 63.73% 34.92% 88.57% 79.19% 82.10% 78.54% 77.98% 78.58% 78.37% 73.64%
Interest Burden Percent		 82.78% 85.64% 84.67% 91.75% 93.78% 87.08% 90.07% 91.86% 89.54% 87.72% 92.05%
Effective Tax Rate		 35.70% 36.27% 65.08% 11.43% 20.81% 17.90% 21.46% 22.02% 21.42% 21.63% 21.87%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 12.29% 11.48% 4.12% 18.68% 17.84% 9.45% 14.06% 18.17% 14.50% 13.40% 12.39%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 8.47% 9.82% 6.96% 12.21% 13.80% 7.46% 10.76% 13.92% 11.70% 10.82% 10.23%
Return on Assets (ROA)		 4.60% 5.36% 2.06% 9.92% 10.25% 5.34% 7.61% 9.97% 8.23% 7.44% 6.93%
Return on Common Equity (ROCE)		 12.09% 11.48% 4.12% 18.68% 17.84% 9.45% 14.06% 18.17% 14.50% 13.40% 12.39%
Return on Equity Simple (ROE_SIMPLE)		 11.49% 10.73% 4.04% 17.37% 16.61% 9.19% 14.10% 18.96% 13.71% 13.07% 0.00%
Net Operating Profit after Tax (NOPAT)		 340 360 143 660 717 452 667 809 674 689 672
NOPAT Margin		 28.50% 29.07% 11.71% 51.88% 46.95% 31.42% 50.15% 67.92% 54.30% 53.41% 56.10%
Net Nonoperating Expense Percent (NNEP)		 -1.66% -1.57% -0.61% -1.37% -0.98% -1.13% -1.25% -1.42% -1.60% -1.80% -1.80%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 14.62% 14.52% 7.94% - 14.74% 11.35% 11.07% 11.40%
Cost of Revenue to Revenue		 7.85% 9.22% 8.56% 7.71% 7.09% 5.98% 7.80% 6.92% 3.10% 2.97% 0.00%
SG&A Expenses to Revenue		 20.31% 19.77% 21.88% 22.06% 20.05% 19.51% 24.34% 32.01% 28.02% 26.96% 20.53%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 47.82% 45.17% 57.92% 33.72% 33.62% 55.75% 28.35% 5.97% 27.80% 28.89% 28.20%
Earnings before Interest and Taxes (EBIT)		 529 565 409 746 905 551 849 1,037 857 879 860
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 611 636 495 815 931 582 925 1,114 946 958 906
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.96 1.16 1.28 0.85 1.06 0.79 0.81 0.71 0.96 1.02 1.02
Price to Tangible Book Value (P/TBV)		 1.08 1.28 1.31 0.86 1.07 0.79 0.82 0.72 0.96 1.02 1.02
Price to Revenue (P/Rev)		 2.01 2.69 3.15 2.32 2.81 2.35 2.60 2.35 3.42 3.66 4.07
Price to Earnings (P/E)		 8.34 10.82 31.75 4.88 6.38 8.59 5.76 3.77 7.03 7.82 8.37
Dividend Yield		 0.09% 0.06% 0.06% 0.07% 0.05% 2.83% 2.82% 4.49% 3.25% 3.09% 2.83%
Earnings Yield		 11.99% 9.24% 3.15% 20.50% 15.67% 11.64% 17.35% 26.54% 14.22% 12.79% 11.95%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.92 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.49 0.37 0.34 0.30 0.22 0.33 0.37 0.40 0.35 0.35 0.23
Long-Term Debt to Equity		 0.49 0.37 0.34 0.30 0.22 0.33 0.37 0.40 0.35 0.35 0.23
Financial Leverage		 -1.37 -1.23 -1.22 -1.22 -1.21 -1.24 -1.24 -1.14 -1.06 -1.04 -1.05
Leverage Ratio		 2.67 2.14 2.00 1.88 1.74 1.77 1.85 1.82 1.76 1.80 1.79
Compound Leverage Factor		 2.21 1.84 1.70 1.73 1.63 1.54 1.66 1.67 1.58 1.58 1.65
Debt to Total Capital		 32.81% 27.13% 25.50% 22.80% 17.97% 24.70% 26.82% 28.59% 25.90% 25.75% 18.83%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 32.81% 27.13% 25.50% 22.80% 17.97% 24.70% 26.82% 28.59% 25.90% 25.75% 18.83%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 67.19% 72.87% 74.50% 77.20% 82.03% 75.30% 73.18% 71.41% 74.10% 74.25% 81.17%
Debt to EBITDA		 2.00 1.68 2.07 1.26 0.95 2.42 1.69 1.41 1.62 1.67 1.22
Net Debt to EBITDA		 -5.14 -5.43 -7.50 -5.19 -5.23 -9.42 -5.52 -3.75 -4.88 -4.99 -5.41
Long-Term Debt to EBITDA		 2.00 1.68 2.07 1.26 0.95 2.42 1.69 1.41 1.62 1.67 1.22
Debt to NOPAT		 3.59 2.97 7.18 1.56 1.24 3.11 2.34 1.94 2.28 2.33 1.65
Net Debt to NOPAT		 -9.23 -9.60 -25.96 -6.40 -6.79 -12.12 -7.66 -5.17 -6.85 -6.94 -7.30
Long-Term Debt to NOPAT		 3.59 2.97 7.18 1.56 1.24 3.11 2.34 1.94 2.28 2.33 1.65
Altman Z-Score		 2.09 2.38 2.32 2.59 3.09 2.47 2.74 3.01 3.20 2.88 3.26
Noncontrolling Interest Sharing Ratio		 1.60% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.63
Quick Ratio		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16.73
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -117 300 274 688 795 825 287 223 629 632 666
Operating Cash Flow to CapEx		 133.97% 1,154.88% 1,257.41% 2,606.07% 0.00% 0.00% 4,421.17% 2,197.25% 3,251.85% -20,913.08% 2,849.79%
Free Cash Flow to Firm to Interest Expense		 -1.28 3.70 4.36 11.19 14.12 11.60 3.41 2.64 7.01 5.85 9.75
Operating Cash Flow to Interest Expense		 0.13 4.71 5.75 11.02 36.44 25.80 6.61 4.60 5.90 -6.14 1.76
Operating Cash Flow Less CapEx to Interest Expense		 0.03 4.30 5.29 10.60 36.44 25.80 6.46 4.39 5.72 -6.17 1.69
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.19 0.22 0.21 0.21 0.23 0.20 0.17 0.16 0.17 0.16 0.14
Accounts Receivable Turnover		 16.18 17.77 16.27 16.84 17.73 13.39 10.84 9.77 10.18 10.24 9.93
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 17.10 16.30 18.41 28.22 59.07
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 22.56 20.54 22.44 21.68 20.59 27.26 33.66 37.37 35.85 35.64 36.77
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 22.56 20.54 22.44 21.68 20.59 27.26 33.66 37.37 35.85 35.64 36.77
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -642 -582 -713 -741 -819 -1,193 -847 -261 -216 -159 -232
Invested Capital Turnover		 -1.37 -2.02 -1.89 -1.75 -1.96 -1.43 -1.28 -2.15 -5.19 -6.87 -5.10
Increase / (Decrease) in Invested Capital		 457 60 -131 -28 -78 -373 380 586 45 57 5.60
Enterprise Value (EV)		 -745 -120 132 -1,273 -579 -2,095 -1,644 -1,381 -373 -59 -27
Market Capitalization		 2,394 3,334 3,845 2,957 4,289 3,382 3,462 2,800 4,241 4,724 4,876
Book Value per Share		 $12.07 $13.40 $13.92 $16.35 $20.13 $22.37 $23.75 $24.96 $28.71 $31.05 $35.29
Tangible Book Value per Share		 $10.67 $12.11 $13.62 $16.08 $19.99 $22.25 $23.64 $24.86 $28.71 $31.05 $35.29
Total Capital		 3,716 3,942 4,027 4,519 4,936 5,690 5,819 5,489 5,935 6,227 5,891
Total Debt		 1,219 1,070 1,027 1,030 887 1,406 1,560 1,569 1,537 1,604 1,109
Total Long-Term Debt		 1,219 1,070 1,027 1,030 887 1,406 1,560 1,569 1,537 1,604 1,109
Net Debt		 -3,139 -3,455 -3,713 -4,230 -4,868 -5,477 -5,106 -4,181 -4,614 -4,783 -4,903
Capital Expenditures (CapEx)		 8.75 33 29 26 0.00 0.00 13 18 16 3.17 4.21
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 62 78 73 79 94 121 478 716 874 1,049 813
Debt-free Net Working Capital (DFNWC)		 4,419 4,601 4,043 5,205 5,714 6,848 6,956 6,308 6,849 6,770 6,778
Net Working Capital (NWC)		 4,419 4,601 4,043 5,205 5,714 6,848 6,956 6,308 6,849 6,770 6,778
Net Nonoperating Expense (NNE)		 53 52 22 54 45 58 66 66 70 85 89
Net Nonoperating Obligations (NNO)		 -3,139 -3,455 -3,713 -4,230 -4,868 -5,477 -5,106 -4,181 -4,614 -4,783 -5,013
Total Depreciation and Amortization (D&A)		 82 71 86 69 25 31 75 77 89 79 46
Debt-free, Cash-free Net Working Capital to Revenue		 5.17% 6.27% 5.94% 6.18% 6.13% 8.43% 35.95% 60.15% 70.46% 81.31% 67.89%
Debt-free Net Working Capital to Revenue		 370.30% 371.49% 330.97% 408.85% 374.23% 475.99% 523.03% 529.78% 552.11% 524.68% 566.22%
Net Working Capital to Revenue		 370.30% 371.49% 330.97% 408.85% 374.23% 475.99% 523.03% 529.78% 552.11% 524.68% 566.22%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $2.01 $0.00 $0.00 $3.81 $3.96 $4.18
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 195.44M 0.00 0.00 158.14M 152.47M 139.45M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $2.00 $0.00 $0.00 $3.77 $3.92 $4.14
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 196.64M 0.00 0.00 160.13M 154.19M 140.81M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 191.69M 0.00 0.00 151.50M 145.06M 136.27M
Normalized Net Operating Profit after Tax (NOPAT)		 401 360 464 666 739 452 667 809 681 689 672
Normalized NOPAT Margin		 33.58% 29.07% 37.97% 52.30% 48.38% 31.42% 50.15% 67.92% 54.92% 53.41% 56.10%
Pre Tax Income Margin		 36.69% 39.06% 28.38% 53.75% 55.60% 33.33% 57.51% 80.02% 61.86% 59.78% 66.10%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.81 6.96 6.52 12.13 16.08 7.74 10.07 12.28 9.56 8.14 12.59
NOPAT to Interest Expense		 3.73 4.44 2.28 10.74 12.73 6.35 7.91 9.58 7.51 6.38 9.83
EBIT Less CapEx to Interest Expense		 5.71 6.55 6.07 11.70 16.08 7.74 9.92 12.07 9.38 8.11 12.52
NOPAT Less CapEx to Interest Expense		 3.64 4.03 1.82 10.32 12.73 6.35 7.76 9.37 7.33 6.35 9.77
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.70% 0.68% 1.78% 0.35% 0.00% 0.00% 17.20% 18.23% 24.19% 25.14% 24.99%
Augmented Payout Ratio		 71.10% 33.18% 1.78% 8.61% 0.00% 0.00% 83.64% 72.10% 46.30% 62.38% 99.12%

Quarterly Metrics And Ratios for Radian Group

This table displays calculated financial ratios and metrics derived from Radian Group's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 136,272,409.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 136,272,409.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.91
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.51% 4.42% 3.09% 10.90% 6.68% -3.75% -0.54% -1.04% -3.25% 2.39% 60.09%
EBITDA Growth		 -15.57% 47.02% 0.59% 5.04% 1.70% -2.65% -7.09% -3.26% -12.10% -12.79% 16.84%
EBIT Growth		 -18.93% 27.94% 1.00% 5.24% 0.02% 4.49% -7.55% -6.73% -8.60% -8.68% -12.60%
NOPAT Growth		 -23.79% 27.15% 0.17% 6.26% -0.20% 3.25% -7.53% -6.42% -9.56% -7.92% -11.42%
Net Income Growth		 -21.03% -12.10% -3.42% 3.98% -3.00% 3.92% -5.12% -6.65% -6.88% 4.42% -14.16%
EPS Growth		 -18.33% -9.09% 0.00% 7.69% 1.02% 7.78% 0.00% 4.08% 4.04% 14.43% -9.18%
Operating Cash Flow Growth		 -28.56% 149.61% -56.29% -386.02% -416.27% -201.68% 32.84% -244.14% 250.64% 251.07% 320.34%
Free Cash Flow Firm Growth		 -120.06% 125.31% 126.53% 136.22% 277.83% -6.06% 6.18% 108.76% -22.89% -19.39% 743.90%
Invested Capital Growth		 64.45% 17.20% 16.10% 27.57% -47.95% 26.44% 10.49% -37.73% -15.63% 2.36% -436.58%
Revenue Q/Q Growth		 7.92% 5.16% -2.50% 0.54% 3.81% -5.12% 0.43% 0.04% -4.60% -14.77% 83.91%
EBITDA Q/Q Growth		 13.24% 2.22% 16.90% -5.45% 9.64% -2.16% -5.44% 1.13% -3.94% 7.66% 1.90%
EBIT Q/Q Growth		 9.68% -9.49% 17.93% -5.49% 4.24% -5.44% -0.75% -4.66% 7.56% 7.67% -25.28%
NOPAT Q/Q Growth		 6.85% -7.81% 13.98% -0.50% 0.36% -4.63% -2.90% 0.69% 2.10% 9.41% -25.08%
Net Income Q/Q Growth		 7.18% -8.87% 6.77% -0.30% -0.01% -2.37% -2.52% -1.91% -0.25% 9.47% -19.86%
EPS Q/Q Growth		 7.69% -8.16% 8.89% 0.00% 1.02% -2.02% 1.03% 4.08% 0.98% 7.77% -19.82%
Operating Cash Flow Q/Q Growth		 3.80% 252.21% -80.74% -506.08% -14.78% -13.24% 125.17% -1,152.02% 150.24% 13.56% -29.97%
Free Cash Flow Firm Q/Q Growth		 51.47% 179.69% 105.16% -15.15% 138.26% -57.90% 24.76% 66.83% -8.88% -14.91% 514.68%
Invested Capital Q/Q Growth		 25.04% -22.47% -41.85% 29.46% -53.11% 39.11% -36.09% -8.55% -28.54% 23.27% -401.21%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 97.16% 97.28% 97.08% 97.03% 97.14% 96.88% 97.24% 97.35% 100.00% 106.65% 100.00%
EBITDA Margin		 76.48% 74.34% 73.41% 69.04% 72.91% 75.18% 70.79% 71.56% 72.05% 91.02% 50.43%
Operating Margin		 71.76% 61.76% 71.28% 67.01% 67.28% 67.05% 66.26% 63.15% 71.20% 89.95% 38.41%
EBIT Margin		 71.76% 61.76% 71.28% 67.01% 67.28% 67.05% 66.26% 63.15% 71.20% 89.95% 36.54%
Profit (Net Income) Margin		 50.10% 43.42% 47.70% 47.30% 45.56% 46.88% 45.50% 44.62% 46.65% 59.93% 26.11%
Tax Burden Percent		 77.91% 79.35% 76.70% 80.75% 77.74% 78.41% 76.71% 81.02% 71.19% 67.59% 71.46%
Interest Burden Percent		 89.62% 88.59% 87.24% 87.42% 87.10% 89.17% 89.52% 87.20% 92.04% 98.56% 100.00%
Effective Tax Rate		 22.09% 20.65% 23.30% 19.25% 22.26% 21.59% 23.29% 18.98% 23.10% 21.85% 25.45%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 15.78% 14.50% 13.99% 13.95% 13.53% 13.40% 13.22% 13.07% 12.32% 12.39% 11.97%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 12.26% 10.46% 11.91% 11.13% 11.10% 10.64% 10.33% 9.17% 10.92% 12.81% 5.18%
Return on Assets (ROA)		 8.56% 7.35% 7.97% 7.86% 7.51% 7.44% 7.10% 6.48% 7.16% 8.53% 3.70%
Return on Common Equity (ROCE)		 15.78% 14.50% 13.99% 13.95% 13.53% 13.40% 13.22% 13.07% 12.32% 12.39% 11.97%
Return on Equity Simple (ROE_SIMPLE)		 15.00% 0.00% 13.46% 13.46% 12.74% 0.00% 13.01% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 175 161 175 174 174 166 161 163 166 182 136
NOPAT Margin		 55.91% 49.01% 54.67% 54.10% 52.30% 52.58% 50.83% 51.16% 54.76% 70.30% 28.64%
Net Nonoperating Expense Percent (NNEP)		 -0.42% -0.42% -0.49% -0.48% -0.48% -0.38% -0.36% -0.44% -0.50% -0.54% -0.22%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.71% - - - 2.67% 2.73% 2.57% 2.87% 3.08% 2.24%
Cost of Revenue to Revenue		 2.84% 2.72% 2.92% 2.97% 2.86% 3.12% 2.76% 2.65% 0.00% -6.65% 0.00%
SG&A Expenses to Revenue		 25.34% 28.97% 25.87% 28.54% 25.77% 27.73% 24.19% 28.13% 20.53% 6.68% 20.66%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 25.39% 35.51% 25.80% 30.03% 29.85% 29.83% 30.98% 34.20% 28.80% 16.70% 61.59%
Earnings before Interest and Taxes (EBIT)		 224 203 228 215 224 212 211 201 216 232 174
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 239 244 234 222 243 238 225 227 218 235 240
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.92 0.96 1.15 1.04 1.11 1.02 1.05 1.08 1.05 1.02 0.94
Price to Tangible Book Value (P/TBV)		 0.92 0.96 1.15 1.04 1.11 1.02 1.05 1.08 1.05 1.02 1.03
Price to Revenue (P/Rev)		 3.12 3.42 4.07 3.65 4.01 3.66 3.72 3.76 3.85 4.07 3.28
Price to Earnings (P/E)		 6.15 7.03 8.51 7.76 8.71 7.82 8.04 8.25 8.52 8.37 8.02
Dividend Yield		 3.60% 3.25% 2.77% 3.02% 2.77% 3.09% 2.99% 2.78% 2.79% 2.83% 3.08%
Earnings Yield		 16.27% 14.22% 11.75% 12.89% 11.48% 12.79% 12.44% 12.12% 11.74% 11.95% 12.47%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.32 0.02 0.20 0.00 0.00 0.09 0.10 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.46 0.03 0.27 0.00 0.00 0.12 0.14 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.47 0.03 0.30 0.00 0.00 0.13 0.15 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.60 0.04 0.38 0.00 0.00 0.17 0.19 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.87 0.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.65 0.05 0.34 0.00 0.00 0.15 0.18 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.40 0.35 0.39 0.45 0.34 0.35 0.29 0.41 0.24 0.23 0.26
Long-Term Debt to Equity		 0.40 0.35 0.39 0.45 0.34 0.35 0.29 0.41 0.24 0.23 0.16
Financial Leverage		 -1.09 -1.06 -1.06 -1.05 -1.05 -1.04 -1.05 -1.05 -1.06 -1.05 -1.15
Leverage Ratio		 1.82 1.76 1.75 1.78 1.78 1.80 1.83 1.97 1.78 1.79 2.07
Compound Leverage Factor		 1.63 1.56 1.53 1.56 1.55 1.61 1.64 1.72 1.64 1.76 2.07
Debt to Total Capital		 28.54% 25.90% 27.93% 30.84% 25.60% 25.75% 22.59% 28.94% 19.51% 18.83% 20.87%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.14%
Long-Term Debt to Total Capital		 28.54% 25.90% 27.93% 30.84% 25.60% 25.75% 22.59% 28.94% 19.51% 18.83% 12.73%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 71.46% 74.10% 72.07% 69.16% 74.40% 74.25% 77.41% 71.06% 80.49% 81.17% 79.13%
Debt to EBITDA		 1.97 1.62 1.94 2.10 1.69 1.67 1.42 1.96 1.25 1.22 1.43
Net Debt to EBITDA		 -5.14 -4.88 -5.27 -4.89 -5.20 -4.99 -5.11 -5.07 -5.30 -5.41 -6.66
Long-Term Debt to EBITDA		 1.97 1.62 1.94 2.10 1.69 1.67 1.42 1.96 1.25 1.22 0.87
Debt to NOPAT		 2.59 2.28 2.55 2.92 2.36 2.33 1.98 2.75 1.74 1.65 1.94
Net Debt to NOPAT		 -6.77 -6.85 -6.95 -6.80 -7.25 -6.94 -7.11 -7.11 -7.39 -7.30 -9.04
Long-Term Debt to NOPAT		 2.59 2.28 2.55 2.92 2.36 2.33 1.98 2.75 1.74 1.65 1.18
Altman Z-Score		 2.82 2.91 3.03 2.81 2.82 2.63 2.61 2.35 2.94 3.00 2.23
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.63 12.21
Quick Ratio		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16.73 10.68
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -146 116 128 109 259 109 136 227 207 176 1,082
Operating Cash Flow to CapEx		 1,756.82% 14,048.67% 3,276.25% -19,444.84% -114,936.72% -78,776.32% 5,608.44% -55,555.69% 42,514.47% 46,780.92% 38,053.27%
Free Cash Flow to Firm to Interest Expense		 -6.26 5.01 4.41 4.02 8.82 4.85 6.05 8.78 12.04 64.41 0.00
Operating Cash Flow to Interest Expense		 3.23 11.44 1.76 -7.66 -8.10 -11.97 3.01 -27.57 20.86 148.92 0.00
Operating Cash Flow Less CapEx to Interest Expense		 3.05 11.35 1.70 -7.70 -8.10 -11.98 2.96 -27.62 20.81 148.60 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.17 0.17 0.17 0.17 0.16 0.16 0.16 0.15 0.15 0.14 0.14
Accounts Receivable Turnover		 7.70 10.18 9.63 9.28 9.20 10.24 10.00 9.60 9.54 9.93 3.47
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 16.32 18.41 18.85 19.68 22.37 28.22 29.93 32.18 42.11 59.07 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 47.41 35.85 37.91 39.33 39.66 35.64 36.52 38.03 38.25 36.77 105.30
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 47.41 35.85 37.91 39.33 39.66 35.64 36.52 38.03 38.25 36.77 105.30
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -177 -216 -242 -171 -261 -159 -217 -235 -302 -232 -1,163
Invested Capital Turnover		 -3.64 -5.19 -4.71 -6.31 -5.95 -6.87 -5.62 -6.33 -4.52 -5.10 -1.99
Increase / (Decrease) in Invested Capital		 320 45 46 65 -85 57 25 -64 -41 5.60 -946
Enterprise Value (EV)		 -503 -373 405 30 258 -59 -6.27 111 123 -27 -1,403
Market Capitalization		 3,827 4,241 5,087 4,683 5,218 4,724 4,797 4,839 4,906 4,876 4,508
Book Value per Share		 $26.38 $28.71 $28.86 $29.77 $31.24 $31.05 $31.62 $33.44 $34.35 $35.29 $35.29
Tangible Book Value per Share		 $26.31 $28.71 $28.86 $29.77 $31.24 $31.05 $31.62 $33.44 $34.35 $35.29 $32.20
Total Capital		 5,811 5,935 6,160 6,481 6,315 6,227 5,925 6,322 5,780 5,891 6,078
Total Debt		 1,658 1,537 1,720 1,998 1,617 1,604 1,339 1,830 1,128 1,109 1,269
Total Long-Term Debt		 1,658 1,537 1,720 1,998 1,617 1,604 1,339 1,830 1,128 1,109 774
Net Debt		 -4,330 -4,614 -4,682 -4,653 -4,960 -4,783 -4,804 -4,728 -4,783 -4,903 -5,911
Capital Expenditures (CapEx)		 4.28 1.89 1.56 1.07 0.21 0.34 1.21 1.28 0.84 0.87 0.75
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 841 874 880 976 1,009 1,049 1,049 1,128 1,141 813 1,503
Debt-free Net Working Capital (DFNWC)		 6,528 6,849 6,925 6,971 6,853 6,770 6,793 6,835 6,924 6,778 8,498
Net Working Capital (NWC)		 6,528 6,849 6,925 6,971 6,853 6,770 6,793 6,835 6,924 6,778 8,003
Net Nonoperating Expense (NNE)		 18 18 22 22 22 18 17 21 25 27 12
Net Nonoperating Obligations (NNO)		 -4,330 -4,614 -4,682 -4,653 -4,960 -4,783 -4,804 -4,728 -4,955 -5,013 -5,972
Total Depreciation and Amortization (D&A)		 15 41 6.79 6.52 19 26 14 27 2.58 2.76 66
Debt-free, Cash-free Net Working Capital to Revenue		 68.60% 70.46% 70.42% 76.11% 77.44% 81.31% 81.40% 87.75% 89.52% 67.89% 109.27%
Debt-free Net Working Capital to Revenue		 532.19% 552.11% 553.94% 543.85% 526.10% 524.68% 527.18% 531.82% 543.07% 566.22% 617.82%
Net Working Capital to Revenue		 532.19% 552.11% 553.94% 543.85% 526.10% 524.68% 527.18% 531.82% 543.07% 566.22% 581.85%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.99 $0.90 $0.99 $0.99 $1.00 $0.98 $0.99 $1.03 $1.04 $1.12 $0.90
Adjusted Weighted Average Basic Shares Outstanding		 158.46M 158.14M 153.82M 153.11M 151.85M 152.47M 145.62M 137.38M 137.00M 139.45M 137.00M
Adjusted Diluted Earnings per Share		 $0.98 $0.90 $0.98 $0.98 $0.99 $0.97 $0.98 $1.02 $1.03 $1.11 $0.89
Adjusted Weighted Average Diluted Shares Outstanding		 160.15M 160.13M 155.97M 154.40M 153.07M 154.19M 147.73M 138.36M 137.93M 140.81M 138.49M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 153.16M 151.50M 150.58M 150.42M 148.93M 145.06M 134.33M 135.45M 135.49M 136.27M 132.98M
Normalized Net Operating Profit after Tax (NOPAT)		 175 161 175 174 174 166 161 163 166 182 136
Normalized NOPAT Margin		 55.91% 49.01% 54.67% 54.10% 52.30% 52.58% 50.83% 51.16% 54.76% 70.30% 28.64%
Pre Tax Income Margin		 64.31% 54.71% 62.19% 58.58% 58.61% 59.79% 59.32% 55.07% 65.54% 88.66% 36.54%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 9.63 8.76 7.84 7.95 7.63 9.42 9.36 7.76 12.56 85.04 0.00
NOPAT to Interest Expense		 7.50 6.95 6.01 6.42 5.93 7.39 7.18 6.28 9.66 66.46 0.00
EBIT Less CapEx to Interest Expense		 9.45 8.68 7.79 7.91 7.63 9.41 9.30 7.71 12.51 84.73 0.00
NOPAT Less CapEx to Interest Expense		 7.32 6.87 5.96 6.38 5.93 7.37 7.12 6.24 9.61 66.14 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 22.92% 24.19% 24.73% 24.65% 25.07% 25.14% 25.42% 25.54% 25.60% 24.99% 25.55%
Augmented Payout Ratio		 36.27% 46.30% 52.89% 60.00% 60.52% 62.38% 89.78% 120.49% 113.77% 99.12% 74.11%

Financials Breakdown Chart

Key Financial Trends

Radian Group (RDN) has delivered steady profitability and cash generation across the last four years (2022–2025), with a notable deleveraging trend in 2025 and resilient earnings per share. The following highlights draw from quarterly income statements, balance sheets, and cash flow statements provided for 2022–2025.

Top takeaways (positive items first, then neutral, then negative):

  • Net income from continuing operations rose to $179.0 million in Q4 2025, the strongest quarterly result in the last four quarters.
  • Operating income reached $232.43 million in Q4 2025, up from $212.11 million in Q4 2024, signaling improved profitability.
  • Diluted earnings per share climbed to $1.11 in Q4 2025 (basic EPS $1.12), reflecting higher profitability per share.
  • Long-term debt declined to about $1.13 billion by Q4 2025, down from $1.83 billion in Q2 2025, a clear deleveraging trend that reduces interest expense going forward.
  • Net cash from continuing operating activities was robust in 2025, with about $1.19 billion in Q3 2025 and $406.99 million in Q4 2025, underscoring strong cash generation.
  • Retained earnings rose to about $5.01 billion in 2025, supporting a sturdier equity base.
  • Total common equity stood around $4.65 billion in 2025, indicating a solid capital base.
  • Total assets have remained in a broad range around $8.0–$8.6 billion over the period, pointing to a stable balance sheet size.
  • Cash dividends per share remained steady at $0.255, reflecting a consistent shareholder payout policy.
  • Total revenue in Q4 2025 declined year-over-year versus Q4 2024 (about $258.4 million vs. $316.3 million), indicating near-term revenue softness.
06/01/26 04:18 PM ETAI Generated. May Contain Errors.

Radian Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Radian Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Radian Group's net income appears to be on an upward trend, with a most recent value of $582.64 million in 2025, rising from $286.92 million in 2015. The previous period was $604.44 million in 2024. See where experts think Radian Group is headed by visiting Radian Group's forecast page.

Radian Group's total operating income in 2025 was $859.52 million, based on the following breakdown:
  • Total Gross Profit: $1.20 billion
  • Total Operating Expenses: $337.57 million

Over the last 10 years, Radian Group's total revenue changed from $1.19 billion in 2015 to $1.20 billion in 2025, a change of 0.3%.

Radian Group's total liabilities were at $3.34 billion at the end of 2025, a 17.8% decrease from 2024, and a 6.2% increase since 2015.

In the past 10 years, Radian Group's cash and equivalents has ranged from $19.00 million in 2023 to $151.15 million in 2021, and is currently $24.83 million as of their latest financial filing in 2025.

Over the last 10 years, Radian Group's book value per share changed from 12.07 in 2015 to 35.29 in 2025, a change of 192.4%.


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Financial statements for NYSE:RDN last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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