Radian Group Inc. (RDN) Key Metrics
RDN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.50B
- Enterprise value
- $5.69B
- P/E (TTM)
- 8.4 10-yr median 8.0
- Forward P/E
- 6.3
- PEG ratio
- 0.76
- Price / sales
- 2.7 10-yr median 3.4
- Price / book
- 1.0 10-yr median 1.0
- EV / EBITDA
- — 10-yr median 6.1
- Dividend yield
- 3.00% $1.02 a year
- Beta
- 0.71
RDN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRDN valuation Price multiples at each fiscal year-end price.
RDN returns How much profit the business earns on the capital it uses.
RDN per-share figures Results divided by the shares outstanding at year-end.
RDN financial health Debt, liquidity and how easily interest is covered.
RDN efficiency & capital use Working capital cycle and where the cash goes.
RDN valuation history
RDN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RDN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RDN cash returned to shareholders
RDN price vs earnings per share
RDN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.97B | $4.89B | $4.57B | $3.25B | $4.02B | $3.98B | $5.29B | $3.58B | $4.54B | $4.12B |
| Enterprise value | $194.7M | $1.60B | $286.0M | $4.87B | $5.58B | $5.58B | $6.46B | $4.99B | $6.80B | $5.32B |
| P/E ratio | 8.5 | 8.1 | 7.6 | 4.4 | 6.7 | 10.1 | 7.9 | 5.9 | 37.5 | 13.4 |
| Price / sales | 4.0 | 3.8 | 3.7 | 2.7 | 3.0 | 2.8 | 3.5 | 2.8 | 3.7 | 3.3 |
| Price / book | 1.0 | 1.1 | 1.0 | 0.8 | 0.7 | 0.6 | 0.9 | 1.0 | 1.5 | 1.4 |
| Price / free cash flow | 42.9 | — | 8.9 | 8.8 | 7.4 | 6.2 | 7.9 | 5.5 | 13.7 | 11.9 |
| Price / operating cash flow | 41.4 | — | 8.6 | 8.4 | 7.2 | 6.0 | 7.6 | 5.3 | 12.6 | 10.8 |
| EV / sales | 0.2 | 1.2 | 0.2 | 4.1 | 4.2 | 3.9 | 4.2 | 3.9 | 5.6 | 4.3 |
| EV / EBITDA | 0.2 | 1.7 | 0.4 | 4.4 | 6.0 | 9.0 | 6.6 | 6.1 | 13.7 | 8.4 |
| EV / free cash flow | 1.7 | — | 0.6 | 13.1 | 10.2 | 8.7 | 9.7 | 7.7 | 20.5 | 15.4 |
| Earnings yield | 11.7% | 12.4% | 13.2% | 22.8% | 14.9% | 9.9% | 12.7% | 16.9% | 2.7% | 7.5% |
| Free cash flow yield | 2.3% | −13.6% | 11.2% | 11.4% | 13.5% | 16.1% | 12.6% | 18.2% | 7.3% | 8.4% |
| Dividend yield | 2.9% | 3.1% | 3.2% | 4.2% | 2.6% | 2.4% | 0.0% | 0.1% | 0.0% | 0.1% |
| Shareholder yield (dividends + buybacks) | 11.6% | 7.7% | 6.1% | 16.5% | 12.5% | 8.1% | 5.7% | 1.5% | 0.0% | 2.5% |
| Share price at fiscal year-end | $35.99 | $31.72 | $28.55 | $19.07 | $21.13 | $20.25 | $25.16 | $16.36 | $20.61 | $17.98 |
| Per share | ||||||||||
| Revenue per share | $9.04 | $8.37 | $7.75 | $6.98 | $6.99 | $7.32 | $7.26 | $5.82 | $5.54 | $5.40 |
| Earnings per share | $4.22 | $3.92 | $3.77 | $4.35 | $3.16 | $2.00 | $3.20 | $2.77 | $0.55 | $1.34 |
| Operating cash flow per share | $0.87 | −$4.30 | $3.31 | $2.28 | $2.93 | $3.35 | $3.30 | $3.10 | $1.64 | $1.67 |
| Free cash flow per share | $0.84 | −$4.32 | $3.20 | $2.17 | $2.86 | $3.26 | $3.17 | $2.98 | $1.51 | $1.51 |
| Cash per share | $42.78 | $36.55 | $36.64 | $0.33 | $0.79 | $0.45 | $0.44 | $0.44 | $0.37 | $0.23 |
| Book value per share | $34.65 | $29.99 | $27.46 | $22.97 | $31.23 | $31.29 | $27.51 | $15.96 | $13.61 | $12.53 |
| Tangible book value per share | $34.51 | $29.74 | $27.02 | $22.88 | $31.12 | $31.17 | $27.10 | $15.46 | $13.32 | $11.32 |
| Dividends per share | $1.06 | $0.99 | $0.91 | $0.79 | $0.54 | $0.50 | $0.01 | $0.01 | $0.01 | $0.01 |
| Capex per share | $0.03 | $0.01 | $0.10 | $0.10 | $0.07 | $0.09 | $0.13 | $0.12 | $0.13 | $0.16 |
| Debt per share | $8.20 | $15.21 | $9.88 | $9.81 | $8.98 | $8.56 | $5.98 | $6.91 | $10.63 | $5.45 |
| Shares outstanding | 138.0M | 154.2M | 160.1M | 170.7M | 190.3M | 196.6M | 210.3M | 218.6M | 220.4M | 229.3M |
| Change in shares outstanding | −10.5% | −3.7% | −6.2% | −10.3% | −3.2% | −6.5% | −3.8% | −0.8% | −3.9% | −6.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.4% | 13.4% | 14.5% | 15.1% | 9.9% | 6.6% | 14.5% | 18.7% | 4.1% | 11.5% |
| Return on invested capital (ROIC) | 89.1% | 83.7% | 21.4% | 11.4% | 7.9% | 5.4% | 11.3% | 11.9% | 3.7% | 8.0% |
| Return on assets (ROA) | 6.9% | 7.4% | 8.2% | 10.0% | 7.6% | 5.3% | 10.2% | 9.9% | 2.1% | 5.4% |
| Return on tangible assets | 7.2% | 7.0% | 8.0% | 10.5% | 7.7% | 5.0% | 10.0% | 9.8% | 2.1% | 5.5% |
| Free cash flow margin | 9.3% | −51.7% | 41.4% | 31.1% | 41.0% | 44.5% | 43.7% | 51.2% | 27.2% | 28.0% |
| Income quality (OCF / net income) | 0.21 | −1.10 | 0.88 | 0.52 | 0.93 | 1.67 | 1.03 | 1.12 | 2.98 | 1.24 |
| Financial health | ||||||||||
| Total debt | $1.13B | $2.34B | $1.58B | $1.67B | $1.71B | $1.68B | $1.26B | $1.51B | $2.34B | $1.25B |
| Cash & short-term investments | $5.90B | $5.64B | $5.87B | $56.2M | $151.1M | $87.9M | $92.7M | $95.4M | $80.6M | $52.1M |
| Net debt | −$4.77B | −$3.29B | −$4.29B | $1.62B | $1.56B | $1.60B | $1.17B | $1.41B | $2.26B | $1.20B |
| Debt / equity | 0.24 | 0.51 | 0.36 | 0.43 | 0.29 | 0.27 | 0.22 | 0.43 | 0.78 | 0.43 |
| Debt / assets | 0.14 | 0.27 | 0.21 | 0.24 | 0.22 | 0.21 | 0.18 | 0.24 | 0.40 | 0.21 |
| Net debt / EBITDA | −5.45 | −3.51 | −5.58 | 1.45 | 1.68 | 2.57 | 1.19 | 1.74 | 4.57 | 1.88 |
| Current ratio | 4.28 | 42.96 | 5.78 | 9.84 | 0.32 | 0.27 | 0.25 | 5.15 | 0.83 | 19.14 |
| Quick ratio | 4.28 | 42.96 | 10.85 | 2.56 | 1.31 | 1.21 | 1.43 | 1.12 | 1.02 | 157.73 |
| Interest coverage | 11.6 | 7.4 | 8.6 | 11.3 | 9.1 | 6.7 | 15.1 | 11.1 | 5.5 | 6.0 |
| Working capital | $5.69B | $6.64B | $5.68B | $5.27B | −$716.8M | −$771.4M | −$572.3M | $3.85B | −$136.4M | $124.3M |
| Invested capital | $9.6M | $1.33B | $112.0M | $5.54B | $7.50B | $7.75B | $6.95B | $4.90B | $5.26B | $4.07B |
| Tangible asset value | $4.76B | $4.59B | $4.33B | $3.90B | $5.92B | $6.13B | $5.70B | $3.38B | $2.94B | $2.60B |
| Net current asset value | $4.09B | $2.75B | $3.67B | $2.73B | −$1.55B | −$1.51B | −$835.6M | $1.96B | −$2.25B | −$2.86B |
| Graham number | $57.38 | $51.43 | $48.24 | $47.43 | $47.10 | $37.54 | $44.48 | $31.56 | $12.97 | $19.47 |
| Graham net-net per share | $20.48 | $11.15 | −$1.40 | −$4.73 | −$11.17 | −$10.47 | −$6.23 | −$3.67 | −$12.90 | −$14.64 |
| Capital allocation | ||||||||||
| Dividends paid | $145.6M | $152.0M | $145.9M | $135.4M | $103.3M | $97.5M | $2.1M | $2.1M | $2.2M | $2.1M |
| Share buybacks (net) | $431.9M | $225.1M | $133.3M | $400.2M | $399.1M | $226.3M | $300.2M | $50.1M | $6,000 | $100.2M |
| Dividend payout ratio | 25.0% | 25.1% | 24.2% | 18.2% | 17.2% | 24.8% | 0.3% | 0.4% | 1.8% | 0.7% |
| Dividends + buybacks / free cash flow | 499.3% | — | 54.4% | 144.5% | 92.3% | 50.5% | 45.3% | 8.0% | 0.7% | 29.5% |
| Capex / revenue | 0.3% | 0.1% | 1.3% | 1.5% | 0.9% | 1.2% | 1.8% | 2.0% | 2.3% | 2.9% |
| Capex / operating cash flow | 3.5% | — | 3.1% | 4.6% | 2.3% | 2.6% | 4.0% | 3.8% | 8.0% | 9.3% |
| Capex / depreciation | 0.09 | 0.03 | 0.21 | 0.23 | 0.17 | 0.24 | 0.38 | 0.38 | 0.33 | 0.50 |
| Stock-based compensation / revenue | — | — | 3.3% | 3.2% | 2.1% | 1.3% | −3.1% | 1.4% | 1.1% | 1.3% |
| SG&A / revenue | 12.5% | 20.1% | 21.3% | 32.0% | 24.4% | 19.5% | 20.0% | 22.1% | 21.9% | 19.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 75.5 | 44.4 | 43.4 | 51.7 | 53.1 | 36.5 | 20.6 | 21.7 | 22.4 | 20.5 |
| Days of inventory on hand | — | — | -791.8 | -2,594.5 | -2,421.9 | -574.6 | 1,949.2 | 2,869.1 | -763.1 | -509.0 |
| Days payables outstanding | — | — | 133.6 | -299.1 | 601.9 | 172.9 | 421.1 | 487.9 | 204.1 | 8.1 |
| Cash conversion cycle (days) | — | — | -882.0 | -2,243.8 | -2,970.7 | -710.9 | 1,548.7 | 2,402.9 | -944.8 | -496.6 |
| Receivables turnover | 4.84 | 8.21 | 8.40 | 7.06 | 6.88 | 9.99 | 17.73 | 16.84 | 16.27 | 17.77 |
| Payables turnover | — | — | 2.73 | −1.22 | 0.61 | 2.11 | 0.87 | 0.75 | 1.79 | 44.98 |
| Inventory turnover | — | — | — | −0.14 | — | — | — | 0.13 | — | — |
| Asset turnover | 0.15 | 0.16 | 0.17 | 0.16 | 0.17 | 0.20 | 0.23 | 0.21 | 0.21 | 0.22 |
| Average receivables | $257.8M | $157.1M | $147.6M | $168.7M | $193.2M | $144.1M | $86.1M | $75.6M | $75.1M | $69.7M |
| Average payables | — | — | $141.3M | $190.1M | $253.3M | $285.2M | $306.5M | $304.8M | $147.6M | $7.6M |
| Average inventory | — | — | −$837.5M | $1.65B | −$1.02B | −$947.9M | $1.42B | $1.79B | −$552.0M | −$474.7M |
| Intangibles / total assets | 0.2% | 0.4% | 0.9% | 0.2% | 0.2% | 0.3% | 1.3% | 1.7% | 1.1% | 4.7% |
Computed from RDN's annual financial statements (latest annual report filed February 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
RDN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Radian traded at 8.5 times earnings, against a 10-year median of 8.0. Based on the latest twelve months, the trailing P/E is 8.4 and the forward P/E is 6.3. Radian earned a return on equity of 12.4% and a return on invested capital of 89.1% in fiscal 2025. It ended the year with $1.1 billion of debt and $5.9 billion in cash and short-term investments, a net cash position of $4.8 billion. It returned $577.5 million to shareholders: $145.6 million in dividends and $431.9 million in share buybacks, 499% of free cash flow. The share count fell 39.8% from 229.3M to 138.0M over 9 years.
See the RDN income statement, the RDN chart for price history, or the RDN stock overview for the latest quote and news.
RDN key metrics FAQ
What is Radian's P/E ratio?
Radian's trailing P/E ratio is 8.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 6.3. At the end of fiscal 2025 it was 8.5, compared with a 10-year median of 8.0.
What is Radian's EV/EBITDA?
Radian's enterprise value was 0.2 times EBITDA at the end of fiscal 2025 (enterprise value $194.7 million, EBITDA $875.1 million).
What is Radian's return on equity?
Radian's return on equity (ROE) was 12.4% in fiscal 2025: net income of $582.8 million on average shareholders' equity of $4.7 billion.
What is Radian's ROIC?
Radian's return on invested capital was 89.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Radian have?
Radian had total debt of $1.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.24 and more cash than debt.
What is Radian's dividend yield?
Radian's forward dividend yield is 3.00%. Radian paid $145.6 million in dividends in fiscal 2025 ($1.06 per share), a payout ratio of 25.0%.
Does Radian buy back its shares?
Yes. Radian spent $431.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −10.5% over the year, to 138.0M..
What is Radian's free cash flow yield?
Radian generated $115.7 million of free cash flow in fiscal 2025, a free cash flow yield of 2.3% on its market value at year-end ($5.0 billion).
What is Radian's current ratio?
Radian's current ratio was 4.28 at the end of fiscal 2025: current assets were 4.28 times current liabilities.