Radian Group (RDN) Financials

$31.64 +0.26 (+0.83%)

Closing price 03:59 PM Eastern

Extended Trading

$31.60 -0.04 (-0.11%)

As of 04:09 PM Eastern

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
Net Income / (Loss) Attributable to Common Shareholders	287	308	121	606	672	394	601	743	603	604
Consolidated Net Income / (Loss)	287	308	121	606	672	394	601	743	603	604
Net Income / (Loss) Continuing Operations	282	308	121	606	672	394	601	743	603	604
Total Pre-Tax Income	438	484	347	684	849	479	765	953	767	771
Total Operating Income	529	565	409	746	905	551	849	1,037	857	879
Total Gross Profit	1,100	1,124	1,117	1,175	1,419	1,353	1,226	1,108	1,202	1,252
Total Revenue	1,193	1,238	1,222	1,273	1,527	1,439	1,330	1,191	1,241	1,290
Operating Revenue	1,158	1,208	1,218	1,315	1,475	1,378	1,314	1,271	1,230	1,300
Other Revenue	36	31	3.62	-42	52	60	16	-81	10	-10
Total Cost of Revenue	94	114	105	98	108	86	104	82	38	38
Operating Cost of Revenue	94	114	105	98	108	86	104	82	38	38
Total Operating Expenses	571	559	708	429	513	802	377	71	345	373
Selling, General & Admin Expense	242	245	267	281	306	281	324	381	348	348
Amortization Expense	35	37	52	38	48	36	32	28	30	27
Other Operating Expenses / (Income)	199	278	135	105	132	485	21	-338	-43	-2.51
Impairment Charge	0.00	0.00	184	0.00	4.83	0.00	0.00	0.00	9.80	0.00
Total Other Income / (Expense), net	-91	-81	-63	-61	-56	-71	-84	-84	-90	-108
Interest Expense	91	81	63	61	56	71	84	84	90	108
Income Tax Expense	156	175	226	78	177	86	164	210	164	167
Basic Earnings per Share	$1.44	$1.46	$0.56	$2.83	$3.22	$2.01	$3.19	$4.42	$3.81	$3.96
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
Diluted Earnings per Share	$1.22	$1.37	$0.55	$2.77	$3.20	$2.00	$3.16	$4.35	$3.77	$3.92
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
Weighted Average Basic & Diluted Shares Outstanding	197.50M	215.08M	216.03M	213.66M	198.64M	191.69M	-	-	151.50M	145.06M
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

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	198	162	158	146	157	143	152	152	152	148
Consolidated Net Income / (Loss)	198	162	158	146	157	143	152	152	152	148
Net Income / (Loss) Continuing Operations	198	162	158	146	157	143	152	152	152	148
Total Pre-Tax Income	255	203	204	183	201	180	199	188	195	189
Total Operating Income	295	159	225	204	224	203	228	215	224	212
Total Gross Profit	296	232	299	279	304	320	310	312	324	306
Total Revenue	296	315	310	290	313	329	319	321	333	316
Operating Revenue	312	308	304	290	321	315	319	326	331	325
Other Revenue	-16	6.85	5.59	-0.24	-8.56	13	0.49	-4.49	2.17	-8.29
Total Cost of Revenue	0.00	82	10	10	8.89	8.95	9.33	9.54	9.54	9.87
Operating Cost of Revenue	-	-	10	10	8.89	8.95	9.33	9.54	9.54	9.87
Total Operating Expenses	0.83	74	74	75	79	117	82	96	100	94
Selling, General & Admin Expense	91	110	83	90	79	95	83	92	86	88
Amortization Expense	6.47	7.52	7.66	6.59	8.29	7.52	6.79	6.52	6.72	7.28
Other Operating Expenses / (Income)	-97	-44	-17	-22	-8.14	4.17	-7.03	-1.75	6.89	-0.62
Total Other Income / (Expense), net	-40	45	-21	-22	-23	-23	-29	-27	-29	-23
Interest Expense	21	22	21	22	23	23	29	27	29	23
Income Tax Expense	57	41	46	37	44	37	46	36	44	41
Basic Earnings per Share	$1.22	$1.02	$1.00	$0.92	$0.99	$0.90	$0.99	$0.99	$1.00	$0.98
Weighted Average Basic Shares Outstanding	162.51M	167.93M	158.30M	159.01M	158.46M	158.14M	153.82M	153.11M	151.85M	152.47M
Diluted Earnings per Share	$1.20	$0.99	$0.98	$0.91	$0.98	$0.90	$0.98	$0.98	$0.99	$0.97
Weighted Average Diluted Shares Outstanding	164.74M	170.66M	161.35M	160.74M	160.15M	160.13M	155.97M	154.40M	153.07M	154.19M
Weighted Average Basic & Diluted Shares Outstanding	314.05M	0.00	156.35M	157.43M	153.16M	151.50M	150.58M	150.42M	148.93M	145.06M

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
Net Change in Cash & Equivalents	15	1.92	34	11	2,052	1,836	58	-96	-36	21
Net Cash From Operating Activities	12	382	361	678	2,052	1,836	557	388	529	-664
Net Cash From Continuing Operating Activities	13	382	361	678	2,052	1,836	557	388	529	-664
Net Income / (Loss) Continuing Operations	282	308	121	606	672	394	601	743	603	604
Consolidated Net Income / (Loss)	287	308	121	606	849	479	601	743	603	604
Depreciation Expense	69	58	58	57	-	-	72	72	74	79
Amortization Expense	13	13	28	12	25	31	3.45	4.31	15	0.00
Non-Cash Adjustments To Reconcile Net Income	111	14	248	60	194	85	-179	-21	-115	-1,328
Changes in Operating Assets and Liabilities, net	-461	-12	-95	-57	984	1,240	60	-410	-48	-19
Net Cash From Investing Activities	2.79	-176	-201	-689	0.00	0.00	-1.86	-5.18	-301	328
Net Cash From Continuing Investing Activities	-2.21	-176	-201	-689	0.00	0.00	-1.86	-5.18	-301	328
Purchase of Property, Plant & Equipment	-25	-36	-29	-26	-	-	-13	-18	-16	-3.17
Purchase of Investments	-1,562	-1,991	-2,161	-1,944	-	-	-2,086	-1,440	-942	-1,368
Sale and/or Maturity of Investments	571	1,725	1,909	1,232	-	-	2,090	1,459	657	1,631
Other Investing Activities, net	222	124	80	57	-	-	6.13	-6.89	-0.05	68
Net Cash From Financing Activities	0.60	-203	-125	22	0.00	0.00	-497	-479	-265	357
Net Cash From Continuing Financing Activities	0.60	-203	-125	22	0.00	0.00	-497	-479	-265	357
Repayment of Debt	-156	-445	-596	-23	-	-	-38	-378	-799	-1,432
Repurchase of Common Equity	-202	-100	-0.01	-50	-	-	-399	-400	-133	-225
Payment of Dividends	-2.00	-2.11	-2.15	-2.14	-	-	-103	-135	-146	-152
Issuance of Debt	343	343	462	96	-	-	42	382	762	2,189
Issuance of Common Equity	1.29	0.72	7.13	1.39	-	-	1.38	1.34	1.76	0.93
Other Financing Activities, net	16	0.33	4.21	0.00	-	-	-	51	50	-24
Cash Interest Paid	61	66	57	57	-	-	79	79	87	108
Cash Income Taxes Paid	3.71	-0.67	94	8.36	-	-	144	244	154	173

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-185	283	-123	128	-5.67	-37	-42	38	14	11
Net Cash From Operating Activities	105	106	117	72	75	265	51	-207	-238	-269
Net Cash From Continuing Operating Activities	-	388	0.00	189	75	265	0.00	-156	-238	-269
Net Income / (Loss) Continuing Operations	-	743	0.00	304	157	143	0.00	304	152	148
Consolidated Net Income / (Loss)	-	-	-	-	157	143	-	-	152	148
Depreciation Expense	-	-	-	-	13	30	-	-	19	26
Non-Cash Adjustments To Reconcile Net Income	-	-	-	-	-84	53	-	-	-436	-452
Changes in Operating Assets and Liabilities, net	-	-	-	-	-12	27	-	-	28	8.10
Net Cash From Investing Activities	36	-54	-31	-59	-99	-111	-73	-1.04	367	35
Net Cash From Continuing Investing Activities	36	-54	-31	-59	-99	-111	-73	-1.04	367	35
Purchase of Property, Plant & Equipment	-4.66	-5.52	-4.79	-5.33	-4.28	-1.89	-1.56	-1.07	-0.21	-0.34
Purchase of Investments	-347	-178	-302	-284	-216	-140	-329	-432	-264	-343
Sale and/or Maturity of Investments	387	136	276	230	124	27	257	431	622	321
Other Investing Activities, net	0.26	-6.35	-0.17	-0.03	-2.75	2.90	-0.18	1.41	8.55	58
Net Cash From Financing Activities	-221	-52	-92	-1.27	19	-190	31	195	-115	245
Net Cash From Continuing Financing Activities	-221	-52	-92	-1.27	19	-190	31	195	-115	245
Repayment of Debt	-2.60	-413	-53	-1.29	-250	-495	-645	-121	-1,097	431
Repurchase of Common Equity	-200	-13	-15	-5.00	-50	-63	-50	-50	-49	-76
Payment of Dividends	-32	-32	-36	-40	-36	-35	-38	-41	-37	-37
Issuance of Debt	13	355	11	44	335	372	763	406	1,101	-82
Other Financing Activities, net	-	-	-	-	-	30	-	-	-	8.82

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
Total Assets	5,642	5,863	5,901	6,315	6,808	7,948	7,839	7,064	7,594	8,664
Total Current Assets	4,419	4,601	4,043	5,205	5,714	6,848	6,956	6,308	6,849	6,770
Cash & Equivalents	47	52	81	95	93	88	151	56	19	39
Restricted Cash	13	9.67	16	12	3.55	6.23	1.48	0.38	1.07	2.65
Short-Term Investments	4,297	4,461	3,874	5,019	5,524	6,632	6,325	5,535	5,955	5,679
Accounts Receivable	62	78	73	79	94	121	124	120	124	128
Current Deferred & Refundable Income Taxes	-	-	-	-	-	-	354	596	750	921
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	80	75	71	64	28
Total Noncurrent Assets	1,223	1,262	1,858	1,110	1,094	1,020	808	685	681	1,866
Long-Term Investments	1.71	1.20	770	134	134	156	188	158	176	666
Other Noncurrent Operating Assets	354	573	794	785	931	841	600	511	504	1,200
Total Liabilities & Shareholders' Equity	5,642	5,863	5,901	6,315	6,808	7,948	7,839	7,064	7,594	8,664
Total Liabilities	3,145	2,991	2,901	2,826	2,760	3,664	3,580	3,144	3,196	4,040
Total Current Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Liabilities	3,145	2,991	2,901	2,826	2,760	3,664	3,580	3,144	3,196	4,040
Long-Term Debt	1,219	1,070	1,027	1,030	887	1,406	1,560	1,569	1,537	1,604
Asset Retirement Reserve & Litigation Obligation	976	760	508	401	405	848	829	427	370	360
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	214	338	391	590	747
Other Noncurrent Operating Liabilities	949	1,161	1,366	1,394	1,468	1,196	854	757	699	1,329
Commitments & Contingencies	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
Total Preferred & Common Equity	2,497	2,872	3,000	3,489	4,049	4,284	4,259	3,919	4,398	4,624
Total Common Equity	2,497	2,872	3,000	3,489	4,049	4,284	4,259	3,919	4,398	4,624
Common Stock	2,717	2,780	2,755	2,725	2,450	2,246	1,879	1,520	1,431	1,247
Retained Earnings	692	998	1,116	1,720	2,390	2,685	3,181	3,787	4,244	4,695
Treasury Stock	-893	-893	-894	-895	-902	-910	-921	-931	-946	-968
Accumulated Other Comprehensive Income / (Loss)	-18	-12	23	-61	110	264	120	-457	-331	-350

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
Total Assets	6,986	7,204	7,307	7,379	7,760	8,130	8,420
Total Current Assets	6,058	6,434	6,562	6,528	6,925	6,971	6,853
Cash & Equivalents	55	50	61	55	27	14	28
Restricted Cash	1.11	0.58	1.32	1.31	1.83	1.99	2.01
Short-Term Investments	5,302	5,657	5,698	5,630	6,016	5,979	5,814
Accounts Receivable	174	130	138	145	130	138	138
Current Deferred & Refundable Income Taxes	526	596	663	697	750	838	870
Plant, Property, & Equipment, net	76	72	74	75	61	56	42
Total Noncurrent Assets	852	698	671	776	774	1,103	1,525
Long-Term Investments	290	223	241	301	358	656	733
Other Noncurrent Operating Assets	545	461	417	463	417	446	792
Total Liabilities & Shareholders' Equity	6,986	7,204	7,307	7,379	7,760	8,130	8,420
Total Liabilities	3,248	3,098	3,136	3,226	3,320	3,647	3,721
Total Current Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Liabilities	3,248	3,098	3,136	3,226	3,320	3,647	3,721
Long-Term Debt	1,412	1,536	1,594	1,658	1,720	1,998	1,617
Asset Retirement Reserve & Litigation Obligation	484	406	379	368	362	357	363
Noncurrent Deferred & Payable Income Tax Liabilities	335	456	480	498	626	656	738
Other Noncurrent Operating Liabilities	1,016	701	682	702	611	635	1,003
Commitments & Contingencies	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
Total Preferred & Common Equity	3,738	4,106	4,171	4,153	4,440	4,482	4,699
Total Common Equity	3,738	4,106	4,171	4,153	4,440	4,482	4,699
Common Stock	1,514	1,516	1,523	1,483	1,391	1,357	1,315
Retained Earnings	3,657	3,908	4,016	4,137	4,358	4,470	4,584
Treasury Stock	-930	-931	-945	-946	-946	-967	-968
Accumulated Other Comprehensive Income / (Loss)	-502	-387	-424	-521	-362	-377	-233

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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.24%	3.79%	-1.36%	4.21%	19.95%	-5.79%	-7.55%	-10.47%	4.19%	4.01%
EBITDA Growth	8.34%	4.14%	-22.10%	64.49%	14.22%	-37.51%	66.38%	20.46%	-15.06%	1.26%
EBIT Growth	6.29%	6.78%	-27.50%	82.10%	21.41%	-39.18%	54.23%	22.15%	-17.36%	2.58%
NOPAT Growth	-77.91%	5.83%	-60.27%	361.85%	8.54%	-36.95%	47.53%	21.27%	-16.71%	2.30%
Net Income Growth	-70.10%	7.43%	-60.72%	400.47%	10.94%	-41.45%	52.60%	23.68%	-18.82%	0.22%
EPS Growth	-70.67%	12.30%	-59.85%	403.64%	15.52%	-37.50%	58.00%	37.66%	-13.33%	3.98%
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%
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%
Invested Capital Growth	41.57%	9.31%	-22.43%	-3.91%	-10.56%	-45.58%	30.96%	69.14%	17.20%	26.44%
Revenue Q/Q Growth	-1.66%	-0.04%	3.69%	1.08%	3.85%	-1.25%	-2.31%	-1.95%	1.13%	-0.95%
EBITDA Q/Q Growth	9.56%	4.03%	23.66%	5.88%	1.76%	-14.68%	20.51%	-3.91%	12.24%	0.35%
EBIT Q/Q Growth	2.10%	-1.85%	18.73%	1.69%	2.93%	-12.95%	14.56%	-7.59%	5.45%	1.05%
NOPAT Q/Q Growth	-75.57%	-4.61%	-33.84%	28.04%	2.66%	-11.12%	13.02%	-7.28%	5.25%	0.76%
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%
EPS Q/Q Growth	-54.31%	-3.52%	-29.49%	27.06%	5.96%	-2.91%	10.49%	-1.36%	-2.33%	1.82%
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%
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%
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%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	92.15%	90.78%	91.44%	92.29%	92.91%	94.02%	92.20%	93.08%	96.90%	97.03%
EBITDA Margin	51.17%	51.34%	40.55%	64.00%	60.95%	40.43%	69.53%	93.54%	76.26%	74.25%
Operating Margin	44.33%	45.61%	33.52%	58.58%	59.29%	38.27%	63.85%	87.11%	69.09%	68.15%
EBIT Margin	44.33%	45.61%	33.52%	58.58%	59.29%	38.27%	63.85%	87.11%	69.09%	68.15%
Profit (Net Income) Margin	24.05%	24.89%	9.91%	47.60%	44.03%	27.36%	45.17%	62.39%	48.62%	46.85%
Tax Burden Percent	65.53%	63.73%	34.92%	88.57%	79.19%	82.10%	78.54%	77.98%	78.58%	78.37%
Interest Burden Percent	82.78%	85.64%	84.67%	91.75%	93.78%	87.08%	90.07%	91.86%	89.54%	87.72%
Effective Tax Rate	35.70%	36.27%	65.08%	11.43%	20.81%	17.90%	21.46%	22.02%	21.42%	21.63%
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%
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%
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%
Return on Equity (ROE)	12.29%	11.48%	4.12%	18.68%	17.84%	9.45%	14.06%	18.17%	14.50%	13.40%
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%
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%
Return on Assets (ROA)	4.60%	5.36%	2.06%	9.92%	10.25%	5.34%	7.61%	9.97%	8.23%	7.44%
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%
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%
Net Operating Profit after Tax (NOPAT)	340	360	143	660	717	452	667	809	674	689
NOPAT Margin	28.50%	29.07%	11.71%	51.88%	46.95%	31.42%	50.15%	67.92%	54.30%	53.41%
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%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	14.62%	14.52%	7.94%	-	14.74%	11.35%	11.07%
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%
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%
R&D to Revenue	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%
Earnings before Interest and Taxes (EBIT)	529	565	409	746	905	551	849	1,037	857	879
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	611	636	495	815	931	582	925	1,114	946	958
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
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
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
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
Dividend Yield	0.09%	0.06%	0.06%	0.07%	0.05%	2.83%	2.82%	4.49%	3.25%	3.09%
Earnings Yield	11.99%	9.24%	3.15%	20.50%	15.67%	11.64%	17.35%	26.54%	14.22%	12.79%
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
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
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
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
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
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
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
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
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
Financial Leverage	-1.37	-1.23	-1.22	-1.22	-1.21	-1.24	-1.24	-1.14	-1.06	-1.04
Leverage Ratio	2.67	2.14	2.00	1.88	1.74	1.77	1.85	1.82	1.76	1.80
Compound Leverage Factor	2.21	1.84	1.70	1.73	1.63	1.54	1.66	1.67	1.58	1.58
Debt to Total Capital	32.81%	27.13%	25.50%	22.80%	17.97%	24.70%	26.82%	28.59%	25.90%	25.75%
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%
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%
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%
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%
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%
Debt to EBITDA	2.00	1.68	2.07	1.26	0.95	2.42	1.69	1.41	1.62	1.67
Net Debt to EBITDA	-5.14	-5.43	-7.50	-5.19	-5.23	-9.42	-5.52	-3.75	-4.88	-4.99
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
Debt to NOPAT	3.59	2.97	7.18	1.56	1.24	3.11	2.34	1.94	2.28	2.33
Net Debt to NOPAT	-9.23	-9.60	-25.96	-6.40	-6.79	-12.12	-7.66	-5.17	-6.85	-6.94
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
Altman Z-Score	2.09	2.38	2.32	2.59	3.09	2.47	2.74	3.01	3.20	2.88
Noncontrolling Interest Sharing Ratio	1.60%	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
Quick Ratio	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-117	300	274	688	795	825	287	223	629	632
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%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.19	0.22	0.21	0.21	0.23	0.20	0.17	0.16	0.17	0.16
Accounts Receivable Turnover	16.18	17.77	16.27	16.84	17.73	13.39	10.84	9.77	10.18	10.24
Inventory Turnover	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
Accounts Payable Turnover	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
Days Inventory Outstanding (DIO)	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
Cash Conversion Cycle (CCC)	22.56	20.54	22.44	21.68	20.59	27.26	33.66	37.37	35.85	35.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-642	-582	-713	-741	-819	-1,193	-847	-261	-216	-159
Invested Capital Turnover	-1.37	-2.02	-1.89	-1.75	-1.96	-1.43	-1.28	-2.15	-5.19	-6.87
Increase / (Decrease) in Invested Capital	457	60	-131	-28	-78	-373	380	586	45	57
Enterprise Value (EV)	-745	-120	132	-1,273	-579	-2,095	-1,644	-1,381	-373	-59
Market Capitalization	2,394	3,334	3,845	2,957	4,289	3,382	3,462	2,800	4,241	4,724
Book Value per Share	$12.07	$13.40	$13.92	$16.35	$20.13	$22.37	$23.75	$24.96	$28.71	$31.05
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
Total Capital	3,716	3,942	4,027	4,519	4,936	5,690	5,819	5,489	5,935	6,227
Total Debt	1,219	1,070	1,027	1,030	887	1,406	1,560	1,569	1,537	1,604
Total Long-Term Debt	1,219	1,070	1,027	1,030	887	1,406	1,560	1,569	1,537	1,604
Net Debt	-3,139	-3,455	-3,713	-4,230	-4,868	-5,477	-5,106	-4,181	-4,614	-4,783
Capital Expenditures (CapEx)	8.75	33	29	26	0.00	0.00	13	18	16	3.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	62	78	73	79	94	121	478	716	874	1,049
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
Net Working Capital (NWC)	4,419	4,601	4,043	5,205	5,714	6,848	6,956	6,308	6,849	6,770
Net Nonoperating Expense (NNE)	53	52	22	54	45	58	66	66	70	85
Net Nonoperating Obligations (NNO)	-3,139	-3,455	-3,713	-4,230	-4,868	-5,477	-5,106	-4,181	-4,614	-4,783
Total Depreciation and Amortization (D&A)	82	71	86	69	25	31	75	77	89	79
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%
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%
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%
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
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
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
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
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
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
Normalized Net Operating Profit after Tax (NOPAT)	401	360	464	666	739	452	667	809	681	689
Normalized NOPAT Margin	33.58%	29.07%	37.97%	52.30%	48.38%	31.42%	50.15%	67.92%	54.92%	53.41%
Pre Tax Income Margin	36.69%	39.06%	28.38%	53.75%	55.60%	33.33%	57.51%	80.02%	61.86%	59.78%
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
NOPAT to Interest Expense	3.73	4.44	2.28	10.74	12.73	6.35	7.91	9.58	7.51	6.38
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
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
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%
Augmented Payout Ratio	71.10%	33.18%	1.78%	8.61%	0.00%	0.00%	83.64%	72.10%	46.30%	62.38%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.08%	-6.99%	5.76%	0.96%	5.51%	4.42%	3.09%	10.90%	6.68%	-3.75%
EBITDA Growth	74.22%	-36.05%	-11.17%	-26.58%	-15.57%	47.02%	0.59%	5.04%	1.70%	-2.65%
EBIT Growth	71.15%	-34.92%	-11.58%	-27.16%	-18.93%	27.94%	1.00%	5.24%	0.02%	4.49%
NOPAT Growth	81.35%	-33.78%	-19.44%	-30.40%	-23.79%	27.15%	0.17%	6.26%	-0.20%	3.25%
Net Income Growth	56.85%	-16.08%	-12.90%	-27.39%	-21.03%	-12.10%	-3.42%	3.98%	-3.00%	3.92%
EPS Growth	79.10%	-5.71%	-2.97%	-20.87%	-18.33%	-9.09%	0.00%	7.69%	1.02%	7.78%
Operating Cash Flow Growth	-17.35%	-30.99%	0.09%	20.43%	-28.56%	149.61%	-56.29%	-386.02%	-416.27%	-201.68%
Free Cash Flow Firm Growth	474.64%	-143.58%	-141.56%	-132.13%	-120.06%	125.31%	126.53%	136.22%	277.83%	-6.06%
Invested Capital Growth	0.00%	69.14%	69.50%	66.30%	64.45%	17.20%	16.10%	27.57%	-47.95%	26.44%
Revenue Q/Q Growth	3.26%	6.26%	-1.55%	-6.54%	7.92%	5.16%	-2.50%	0.54%	3.81%	-5.12%
EBITDA Q/Q Growth	-1.53%	-41.30%	40.28%	-9.46%	13.24%	2.22%	16.90%	-5.45%	9.64%	-2.16%
EBIT Q/Q Growth	-1.45%	-42.65%	42.09%	-9.30%	9.68%	-9.49%	17.93%	-5.49%	4.24%	-5.44%
NOPAT Q/Q Growth	-2.42%	-44.74%	37.61%	-6.20%	6.85%	-7.81%	13.98%	-0.50%	0.36%	-4.63%
Net Income Q/Q Growth	-1.45%	-18.13%	-2.82%	-7.40%	7.18%	-8.87%	6.77%	-0.30%	-0.01%	-2.37%
EPS Q/Q Growth	4.35%	-17.50%	-1.01%	-7.14%	7.69%	-8.16%	8.89%	0.00%	1.02%	-2.02%
Operating Cash Flow Q/Q Growth	74.99%	0.81%	10.01%	-37.94%	3.80%	252.21%	-80.74%	-506.08%	-14.78%	-13.24%
Free Cash Flow Firm Q/Q Growth	-22.27%	-163.16%	-5.29%	37.85%	51.47%	179.69%	105.16%	-15.15%	138.26%	-57.90%
Invested Capital Q/Q Growth	28.93%	47.42%	-10.38%	18.29%	25.04%	-22.47%	-41.85%	29.46%	-53.11%	39.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	73.83%	96.64%	96.46%	97.16%	97.28%	97.08%	97.03%	97.14%	96.88%
EBITDA Margin	95.58%	52.80%	75.23%	72.89%	76.48%	74.34%	73.41%	69.04%	72.91%	75.18%
Operating Margin	99.72%	50.41%	72.76%	70.61%	71.76%	61.76%	71.28%	67.01%	67.28%	67.05%
EBIT Margin	93.40%	50.41%	72.76%	70.61%	71.76%	61.76%	71.28%	67.01%	67.28%	67.05%
Profit (Net Income) Margin	66.94%	51.58%	50.91%	50.45%	50.10%	43.42%	47.70%	47.30%	45.56%	46.88%
Tax Burden Percent	77.62%	79.85%	77.33%	79.97%	77.91%	79.35%	76.70%	80.75%	77.74%	78.41%
Interest Burden Percent	92.34%	128.13%	90.49%	89.34%	89.62%	88.59%	87.24%	87.42%	87.10%	89.17%
Effective Tax Rate	22.38%	20.15%	22.67%	20.03%	22.09%	20.65%	23.30%	19.25%	22.26%	21.59%
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%
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%
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%
Return on Equity (ROE)	20.71%	18.17%	17.44%	16.40%	15.78%	14.50%	13.99%	13.95%	13.53%	13.40%
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%
Operating Return on Assets (OROA)	16.24%	8.06%	11.86%	11.72%	12.26%	10.46%	11.91%	11.13%	11.10%	10.64%
Return on Assets (ROA)	11.64%	8.24%	8.30%	8.38%	8.56%	7.35%	7.97%	7.86%	7.51%	7.44%
Return on Common Equity (ROCE)	20.71%	18.17%	17.44%	16.40%	15.78%	14.50%	13.99%	13.95%	13.53%	13.40%
Return on Equity Simple (ROE_SIMPLE)	20.71%	0.00%	17.52%	15.93%	15.00%	0.00%	13.46%	13.46%	12.74%	0.00%
Net Operating Profit after Tax (NOPAT)	229	127	174	164	175	161	175	174	174	166
NOPAT Margin	77.40%	40.25%	56.26%	56.47%	55.91%	49.01%	54.67%	54.10%	52.30%	52.58%
Net Nonoperating Expense Percent (NNEP)	-1.46%	0.77%	-0.35%	-0.39%	-0.42%	-0.42%	-0.49%	-0.48%	-0.48%	-0.38%
Return On Investment Capital (ROIC_SIMPLE)	-	2.31%	-	-	-	2.71%	-	-	-	2.67%
Cost of Revenue to Revenue	0.00%	26.17%	3.36%	3.54%	2.84%	2.72%	2.92%	2.97%	2.86%	3.12%
SG&A Expenses to Revenue	30.83%	34.88%	26.87%	31.04%	25.34%	28.97%	25.87%	28.54%	25.77%	27.73%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.28%	23.42%	23.88%	25.84%	25.39%	35.51%	25.80%	30.03%	29.85%	29.83%
Earnings before Interest and Taxes (EBIT)	277	159	225	204	224	203	228	215	224	212
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	283	166	233	211	239	244	234	222	243	238
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.78	0.71	0.81	0.92	0.92	0.96	1.15	1.04	1.11	1.02
Price to Tangible Book Value (P/TBV)	0.79	0.72	0.81	0.92	0.92	0.96	1.15	1.04	1.11	1.02
Price to Revenue (P/Rev)	2.41	2.35	2.76	3.16	3.12	3.42	4.07	3.65	4.01	3.66
Price to Earnings (P/E)	3.78	3.77	4.62	5.75	6.15	7.03	8.51	7.76	8.71	7.82
Dividend Yield	4.09%	4.49%	3.90%	3.48%	3.60%	3.25%	2.77%	3.02%	2.77%	3.09%
Earnings Yield	26.47%	26.54%	21.62%	17.39%	16.27%	14.22%	11.75%	12.89%	11.48%	12.79%
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
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.32	0.02	0.20	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.46	0.03	0.27	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.47	0.03	0.30	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.60	0.04	0.38	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.87	0.16	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.65	0.05	0.34	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.38	0.40	0.37	0.38	0.40	0.35	0.39	0.45	0.34	0.35
Long-Term Debt to Equity	0.38	0.40	0.37	0.38	0.40	0.35	0.39	0.45	0.34	0.35
Financial Leverage	-1.13	-1.14	-1.15	-1.12	-1.09	-1.06	-1.06	-1.05	-1.05	-1.04
Leverage Ratio	1.87	1.82	1.80	1.80	1.82	1.76	1.75	1.78	1.78	1.80
Compound Leverage Factor	1.73	2.34	1.62	1.61	1.63	1.56	1.53	1.56	1.55	1.61
Debt to Total Capital	27.42%	28.59%	27.22%	27.66%	28.54%	25.90%	27.93%	30.84%	25.60%	25.75%
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%
Long-Term Debt to Total Capital	27.42%	28.59%	27.22%	27.66%	28.54%	25.90%	27.93%	30.84%	25.60%	25.75%
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%
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%
Common Equity to Total Capital	72.57%	71.41%	72.78%	72.34%	71.46%	74.10%	72.07%	69.16%	74.40%	74.25%
Debt to EBITDA	1.22	1.41	1.52	1.75	1.97	1.62	1.94	2.10	1.69	1.67
Net Debt to EBITDA	-3.65	-3.75	-4.35	-4.83	-5.14	-4.88	-5.27	-4.89	-5.20	-4.99
Long-Term Debt to EBITDA	1.22	1.41	1.52	1.75	1.97	1.62	1.94	2.10	1.69	1.67
Debt to NOPAT	1.62	1.94	2.00	2.30	2.59	2.28	2.55	2.92	2.36	2.33
Net Debt to NOPAT	-4.86	-5.17	-5.73	-6.34	-6.77	-6.85	-6.95	-6.80	-7.25	-6.94
Long-Term Debt to NOPAT	1.62	1.94	2.00	2.30	2.59	2.28	2.55	2.92	2.36	2.33
Altman Z-Score	2.62	2.60	2.75	2.84	2.82	2.91	3.03	2.81	2.82	2.63
Noncontrolling Interest Sharing Ratio	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
Quick Ratio	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	726	-459	-483	-300	-146	116	128	109	259	109
Operating Cash Flow to CapEx	2,257.68%	1,921.96%	2,439.99%	1,360.45%	1,756.82%	14,048.67%	3,276.25%	-19,444.84%	-114,936.72%	-78,776.32%
Free Cash Flow to Firm to Interest Expense	34.29	-21.25	-22.53	-13.77	-6.26	5.01	4.41	4.02	8.82	4.85
Operating Cash Flow to Interest Expense	4.97	4.92	5.45	3.32	3.23	11.44	1.76	-7.66	-8.10	-11.97
Operating Cash Flow Less CapEx to Interest Expense	4.75	4.66	5.22	3.08	3.05	11.35	1.70	-7.70	-8.10	-11.98
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.17	0.16	0.16	0.17	0.17	0.17	0.17	0.17	0.16	0.16
Accounts Receivable Turnover	6.98	9.77	8.87	7.94	7.70	10.18	9.63	9.28	9.20	10.24
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	16.03	16.30	16.39	16.27	16.32	18.41	18.85	19.68	22.37	28.22
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	52.31	37.37	41.13	45.96	47.41	35.85	37.91	39.33	39.66	35.64
Days Inventory Outstanding (DIO)	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
Cash Conversion Cycle (CCC)	52.31	37.37	41.13	45.96	47.41	35.85	37.91	39.33	39.66	35.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-497	-261	-289	-236	-177	-216	-242	-171	-261	-159
Invested Capital Turnover	-4.89	-2.15	-1.96	-2.59	-3.64	-5.19	-4.71	-6.31	-5.95	-6.87
Increase / (Decrease) in Invested Capital	-497	586	657	464	320	45	46	65	-85	57
Enterprise Value (EV)	-1,311	-1,381	-1,067	-586	-503	-373	405	30	258	-59
Market Capitalization	2,924	2,800	3,328	3,820	3,827	4,241	5,087	4,683	5,218	4,724
Book Value per Share	$23.13	$24.96	$26.12	$26.68	$26.38	$28.71	$28.86	$29.77	$31.24	$31.05
Tangible Book Value per Share	$23.02	$24.86	$26.04	$26.60	$26.31	$28.71	$28.86	$29.77	$31.24	$31.05
Total Capital	5,151	5,489	5,643	5,765	5,811	5,935	6,160	6,481	6,315	6,227
Total Debt	1,412	1,569	1,536	1,594	1,658	1,537	1,720	1,998	1,617	1,604
Total Long-Term Debt	1,412	1,569	1,536	1,594	1,658	1,537	1,720	1,998	1,617	1,604
Net Debt	-4,235	-4,181	-4,395	-4,407	-4,330	-4,614	-4,682	-4,653	-4,960	-4,783
Capital Expenditures (CapEx)	4.66	5.52	4.79	5.33	4.28	1.89	1.56	1.07	0.21	0.34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	700	716	726	802	841	874	880	976	1,009	1,049
Debt-free Net Working Capital (DFNWC)	6,058	6,308	6,434	6,562	6,528	6,849	6,925	6,971	6,853	6,770
Net Working Capital (NWC)	6,058	6,308	6,434	6,562	6,528	6,849	6,925	6,971	6,853	6,770
Net Nonoperating Expense (NNE)	31	-36	17	17	18	18	22	22	22	18
Net Nonoperating Obligations (NNO)	-4,235	-4,181	-4,395	-4,407	-4,330	-4,614	-4,682	-4,653	-4,960	-4,783
Total Depreciation and Amortization (D&A)	6.47	7.52	7.66	6.59	15	41	6.79	6.52	19	26
Debt-free, Cash-free Net Working Capital to Revenue	57.66%	60.15%	60.11%	66.24%	68.60%	70.46%	70.42%	76.11%	77.44%	81.31%
Debt-free Net Working Capital to Revenue	498.84%	529.78%	532.80%	542.16%	532.19%	552.11%	553.94%	543.85%	526.10%	524.68%
Net Working Capital to Revenue	498.84%	529.78%	532.80%	542.16%	532.19%	552.11%	553.94%	543.85%	526.10%	524.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.22	$1.02	$1.00	$0.92	$0.99	$0.90	$0.99	$0.99	$1.00	$0.98
Adjusted Weighted Average Basic Shares Outstanding	162.51M	167.93M	158.30M	159.01M	158.46M	158.14M	153.82M	153.11M	151.85M	152.47M
Adjusted Diluted Earnings per Share	$1.20	$0.99	$0.98	$0.91	$0.98	$0.90	$0.98	$0.98	$0.99	$0.97
Adjusted Weighted Average Diluted Shares Outstanding	164.74M	170.66M	161.35M	160.74M	160.15M	160.13M	155.97M	154.40M	153.07M	154.19M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	314.05M	0.00	156.35M	157.43M	153.16M	151.50M	150.58M	150.42M	148.93M	145.06M
Normalized Net Operating Profit after Tax (NOPAT)	229	127	174	164	175	161	175	174	174	166
Normalized NOPAT Margin	77.40%	40.25%	56.26%	56.47%	55.91%	49.01%	54.67%	54.10%	52.30%	52.58%
Pre Tax Income Margin	86.25%	64.60%	65.84%	63.08%	64.31%	54.71%	62.19%	58.58%	58.61%	59.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.06	7.35	10.52	9.38	9.63	8.76	7.84	7.95	7.63	9.42
NOPAT to Interest Expense	10.82	5.87	8.13	7.50	7.50	6.95	6.01	6.42	5.93	7.39
EBIT Less CapEx to Interest Expense	12.84	7.09	10.29	9.13	9.45	8.68	7.79	7.91	7.63	9.41
NOPAT Less CapEx to Interest Expense	10.60	5.61	7.91	7.26	7.32	6.87	5.96	6.38	5.93	7.37
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.65%	18.23%	18.87%	20.97%	22.92%	24.19%	24.73%	24.65%	25.07%	25.14%
Augmented Payout Ratio	85.73%	72.10%	73.93%	56.08%	36.27%	46.30%	52.89%	60.00%	60.52%	62.38%

Frequently Asked Questions About Radian Group's Financials

When does Radian Group's fiscal year end?

According to the most recent income statement we have on file, Radian Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Radian Group's net income changed over the last 9 years?

Radian Group's net income appears to be on an upward trend, with a most recent value of $604.44 million in 2024, rising from $286.92 million in 2015. The previous period was $603.12 million in 2023.

What is Radian Group's operating income?

Radian Group's total operating income in 2024 was $879.31 million, based on the following breakdown:

Total Gross Profit: $1.25 billion
Total Operating Expenses: $372.71 million

How has Radian Group revenue changed over the last 9 years?

Over the last 9 years, Radian Group's total revenue changed from $1.19 billion in 2015 to $1.29 billion in 2024, a change of 8.1%.

How much debt does Radian Group have?

Radian Group's total liabilities were at $4.04 billion at the end of 2024, a 26.4% increase from 2023, and a 28.5% increase since 2015.

How much cash does Radian Group have?

In the past 9 years, Radian Group's cash and equivalents has ranged from $19.00 million in 2023 to $151.15 million in 2021, and is currently $38.82 million as of their latest financial filing in 2024.

How has Radian Group's book value per share changed over the last 9 years?

Over the last 9 years, Radian Group's book value per share changed from 12.07 in 2015 to 31.05 in 2024, a change of 157.2%.

Remove Ads

Related Companies

This page (NYSE:RDN) was last updated on 4/17/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Radian Group (RDN) Financials

Frequently Asked Questions About Radian Group's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Radian Group (RDN) Financials

Annual Income Statements for Radian Group

Quarterly Income Statements for Radian Group

Annual Cash Flow Statements for Radian Group

Quarterly Cash Flow Statements for Radian Group

Annual Balance Sheets for Radian Group

Quarterly Balance Sheets for Radian Group

Annual Metrics and Ratios for Radian Group

Quarterly Metrics and Ratios for Radian Group

Frequently Asked Questions About Radian Group's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools