RDN
Radian Group Inc.
RDN's fundamentals are mixed, but it looks expensive: trading at 9.0x earnings, above its usual 8.2x. Analysts expect earnings growth.
RDN Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
RDN's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like RDN.
RDN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.7x | $23.35 | -36% |
| Forward | 7.1x | $36.75 | — |
| Fair | 8.1x | $33.18 | -9.7% |
| Current | 9x | $36.75 | — |
| Expensive | 9.2x | $37.34 | +1.6% |
Historical ranges are pointers, not guarantees.
RDN's PE is in its expensive range at 9.0x. If earnings grow as analysts expect, today's price would be 7.1x next year's earnings, in its cheap range.
RDN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for RDN, but weaker profitability.
RDN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.16 | +26% |
| Q3 2026 | $4.08 | +2% |
| Q2 2026 | $3.89 | -1.8% |
| Q1 2026 | $4.06 | +3.6% |
| Q4 2025 | $4.15 | +5.9% |
| Q3 2025 | $4.00 | +3.9% |
| Q2 2025 | $3.96 | +3.1% |
| Q1 2025 | $3.92 | +4% |
| Q4 2024 | $3.92 | +4% |
RDN earned $4.08 per share over the past year, up 2% from the year before.
RDN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $624.1M | +106% |
| Q2 2026 | $575M | +81% |
| Q1 2026 | $466.3M | +47% |
| Q4 2025 | $300.5M | -4.9% |
| Q3 2025 | $303.2M | -9.2% |
| Q2 2025 | $318M | -1% |
| Q1 2025 | $318.1M | -0.4% |
| Q4 2024 | $315.9M | -3.1% |
RDN's revenue has picked up after three years of holding roughly level: $624M last quarter, up 106% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 37% | -29 points |
| Q2 2026 | 26% | -29 points |
| Q1 2026 | 37% | -22 points |
| Q4 2025 | 67% | +7 points |
| Q3 2025 | 66% | +7 points |
| Q2 2025 | 55% | -3.5 points |
| Q1 2025 | 59% | -2.9 points |
| Q4 2024 | 60% | +4.7 points |
RDN's operating margin was 37% last quarter, down 29 points from the same quarter a year ago, near the bottom of its range since 2019.
RDN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $379M | +6% |
| Q2 2026 | $342.7M | +$1.1B |
| Q1 2026 | $284.3M | +327% |
| Q4 2025 | $406.1M | +$675.9M |
| Q3 2025 | $357.6M | +$595.7M |
| Q2 2025 | -$714.6M | -$506.3M |
| Q1 2025 | $66.6M | +35% |
| Q3 2024 | -$238.1M | -417% |
RDN's free cash flow was $1.4B over the past year, against −$560M the year before. Free cash flow isn't a meaningful measure for financial services companies like RDN.
RDN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.4% | -1.9M shares |
| 1 year | -2.6% | -3.5M shares |
| 3 years | -16% | -25.8M shares |
| 5 years | -29% | -53.7M shares |
| Available history | -34% | -70.8M shares |
RDN has 134M diluted shares, down 2.6% from a year ago, with $256M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $125.5M |
| Q2 2026 | $80.3M |
| Q1 2026 | $50M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $223M |
| Q1 2025 | $208.9M |
| Q4 2024 | $76M |
RDN spent $256M buying back its own shares over the past year, down 50% from the year before.
RDN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.4x | Healthy |
| Q2 2025 | 2.2x | Moderate |
| Q4 2019 | 0.9x | Very low |
RDN's net debt is about 1.3 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like RDN.
RDN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.5 | Neutral |
| Stochastic | 60.6 | Neutral |
RDN's weekly RSI is 55 (neutral) and its Stochastic is 61 (neutral).
RDN PE vs Financial Services Sector
| Metric | RDN | Sector median | Relative |
|---|---|---|---|
| PE | 9x | 13x | 31% below |
| PE % | 79 | 63 | 16 pts above |
RDN is trading at 9.0x earnings, a 31% discount to the Financial Services sector's median of 13x.
RDN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.7 | 5.9% above |
| 20 week MA | $36.2 | 1.4% above |
| 50 week MA | $35.3 | 4.1% above |
| 100 week MA | $34.5 | 6.5% above |
| 200 week MA | $31.6 | 16% above |
RDN is in an uptrend: it's above all five of its weekly moving averages, and 16% above its 200-week average.
RDN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.3 | $20.0 | -21% |
| 2021 | $20.0 | $20.5 | +2.6% |
| 2022 | $20.5 | $19.1 | -7.1% |
| 2023 | $19.1 | $28.6 | +50% |
| 2024 | $28.6 | $31.8 | +11% |
| 2025 | $31.8 | $36.4 | +15% |
| 2026 YTD | $36.4 | $36.8 | +0.9% |
RDN has finished higher in four of the last six years. It's up 0.9% so far in 2026.