Magic Software Enterprises Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Magic Software Enterprises Ltd (MGIC) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Magic Software Enterprises Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 553M vs 522,371M combined for tracked competitors (0.1% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+287.4% annualized vs trailing 12 months), vs decelerating (-11.9%) for its tracked peer group.
- Profitability: Its 7.9% net margin compares with 26.1% for the peer group.
- Peer revenue share: Magic Software Enterprises Ltd accounted for 0.5% of combined revenue among its tracked peer group.
- Peer differentiation: Revenue per employee of $0.37M compares with $0.66M for the peer group (0.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MGIC Sales vs. its Competitors, Q4 2023
With a net margin of 7.94 %, Magic Software Enterprises Ltd reported lower profitability than its competitors (26.08 %).
Magic Software Enterprises Ltd generated 0.46 % of the combined sales of its peer group.
Magic Software Enterprises Ltd vs. its Competitors, Q4 2023
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Magic Software Enterprises Ltd reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Magic Software Enterprises Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Magic Software Enterprises Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Magic Software Enterprises Ltd's competitor groups requires a Commercial License.
Magic Software Enterprises Ltd's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Magic Software Enterprises Ltd | Yes | Yes | No | Yes |
| Competitors combined (18) | ||||
| High-Confidence Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MGIC Stock Performance relative to its Competitors
MGIC Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Appian Corporation | 282.9% | Outperformed |
| 2 | Amplitude Inc | 282.9% | Outperformed |
| 3 | Symbolic Logic Inc | 282.9% | Outperformed |
| 4 | Akamai Technologies Inc | 282.9% | Outperformed |
| 5 | Box Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Magic Software Enterprises Ltd's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Magic Software Enterprises Ltd's Comment on Competition and Industry Peers
Publicly Traded Peers of Magic Software Enterprises Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Magic Software Enterprises Ltd | 853.35 | 552.52 |
| Microsoft Corporation | 3,943,009.65 | 331,839.00 |
| Oracle Corporation | 384,690.00 | 73,266.00 |
| Sap Se | 263,540.75 | 41,606.87 |
| International Business Machines Corporation | 221,290.60 | 69,096.00 |
| Adobe Inc | 96,976.60 | 25,970.00 |
| SUBTOTAL | 5,049,290.17 | 564,557.80 |
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Sources: Magic Software Enterprises Ltd's official press releases and company reports; CSIMarket.com's market research; and the company reports and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Magic Software Enterprises Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Magic Software Enterprises Ltd's Competitors Named by the Company
Competitive relationships identified from Magic Software Enterprises Ltd reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Mgic Investment Corp | Company report | 85% |
| Mendix | Company report | 85% |
| Salesforce.com | Company report | 85% |
| Appian | Company report | 85% |
| OutSystems | Company report | 85% |
| Microsoft | Company report | 85% |
| Pegasystems | Company report | 85% |
| ServiceNow | Company report | 85% |
| Appien | Company report | 85% |
| Dell–Boomi | Company report | 85% |
| Jitterbit | Company report | 85% |
| Software AG | Company report | 85% |
| IBM | Company report | 85% |
| Scribe | Company report | 85% |
| TIBCO | Company report | 85% |
| Kony | Company report | 85% |
| Talend | Company report | 85% |
| Informatica | Company report | 85% |
| MuleSoft | Company report | 85% |
| Sap Se | Company report | 85% |
Company report basis, confidence, active dates and source counts for Magic Software Enterprises Ltd's named competitors require a Commercial License.
Methodology: relationships are extracted from Magic Software Enterprises Ltd reports (named-competitor disclosures) and corroborating sources. Confidence reflects evidence strength.
Magic Software Enterprises Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Microsoft Corporation | Productivity and Business Processes 42.19 % |
| Oracle Corporation | Cloud and Software Business 83.96 % |
| International Business Machines Corporation | Software 45.22 % |
| Adobe Inc | Reportable 100.00 % |
| Moody s Corporation | Rating Revenue 57.12 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Magic Software Enterprises Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Magic Software Enterprises Ltd | 853 | 368,347 | 28,861 |
| Microsoft Corporation | 3,943,010 | 1,488,067 | 599,771 |
| Oracle Corporation | 384,690 | 519,617 | 134,184 |
| Sap Se | 263,541 | 378,244 | 75,299 |
| International Business Machines Corporation | 221,291 | 226,322 | 35,129 |
| Adobe Inc | 96,977 | 828,125 | 232,270 |
| PEERS TOTAL | 5,048,437 | 656,776 | 212,214 |
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Magic Software Enterprises Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Microsoft Corporation | US 51.47 % |
| Oracle Corporation | Americas 63.46 % |
| International Business Machines Corporation | Americas 49.04 % |
| Adobe Inc | Americas 58.69 % |
| Moody s Corporation | United States 55.74 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Magic Software Enterprises Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 233 companies in Magic Software Enterprises Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Magic Software Enterprises Ltd ranks #0 of 233 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,700, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Microsoft Corporation | 3,943,010 | 50.77 % |
| 2 | Palantir Technologies Inc | 477,854 | 6.15 % |
| 3 | Oracle Corporation | 373,662 | 4.81 % |
| 4 | Sap Se | 295,166 | 3.80 % |
| 5 | Crowdstrike Holdings Inc | 1,234 | 5.2% |
| 6 | Shopify Inc | 1,234 | 5.2% |
| 7 | Salesforce Inc | 1,234 | 5.2% |
| 8 | Full Truck Alliance Co Ltd | 1,234 | 5.2% |
| 9 | Servicenow Inc | 1,234 | 5.2% |
| 10 | Snowflake Inc | 1,234 | 5.2% |
| 0 | Magic Software Enterprises Ltd | 858 | 0.00 % |
Market cap and industry share for the rest of Magic Software Enterprises Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-02-23.
Magic Software Enterprises Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Software & Programming industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (440 companies). See the full Software & Programming industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.00 % | 55.95 % (avg) | -55.9 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 9.89 % | 2.28 % (avg) | +7.6 pp |
| Capital Intensity (Capex / Revenue) | 0.28 % | 5.38 % (avg) | -5.1 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Magic Software Enterprises Ltd's Valuation vs Competitive Position
Valuation multiples vs the Software & Programming industry average (440 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Software & Programming industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 15.3x | 38.9x | -23.5x |
| EV / EBITDA | - | 19.6x | - |
| P/B | - | 5.4x | - |
| Return on Equity | 14.38 % | industry aggregate | -5.28 % |
| Return on Invested Capital | - | 0.05 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Magic Software Enterprises Ltd's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue Growth | 18.00 % | -5.60 % | 3.26 % |
| Operating Margin | - | - | - |
| Return on Invested Capital | - | - | - |
| P/E | 19.4x | 13.1x | 15.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Magic Software Enterprises Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 2,700 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.28 % vs industry average 5.38 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Magic Software Enterprises Ltd's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Magic Software Enterprises Ltd's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Magic Software Enterprises Ltd's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Magic Software Enterprises Ltd falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Magic Software Enterprises Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+287.4% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 5.3 points below the industry aggregate.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Industry revenue growing at a healthy 11.2% median pace.
Threats
- Industry dominated by Microsoft Corporation, holding 50.77 % of industry market cap.
- Tracked peer group's revenue run-rate is broadly decelerating (-11.9% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Magic Software Enterprises Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Magic Software Enterprises Ltd | 0.66 | 1.62 | 0.19 |
| Microsoft Corporation | 0.13 | 1.31 | 0.11 |
| Oracle Corporation | 0.72 | 1.12 | 2.83 |
| Sap Se | 0.47 | 1.16 | 0.10 |
| International Business Machines Corporation | 0.29 | 0.87 | 3.47 |
| Adobe Inc | 0.46 | 0.85 | 0.55 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Magic Software Enterprises Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Magic Software Enterprises Ltd | Q4 2023 | +3.3 % | +1.9 % |
| Microsoft Corporation | Q2 2026 | +17.7 % | +31.3 % |
| Oracle Corporation | Q3 2026 | +24.0 % | +62.6 % |
| Sap Se | Q4 2025 | +12.5 % | +143.0 % |
| International Business Machines Corporation | Q2 2026 | +1.1 % | -1.3 % |
| Adobe Inc | Q3 2026 | +12.9 % | +3.1 % |
| PEERS TOTAL | +14.8 % | +41.1 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Magic Software Enterprises Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Magic Software Enterprises Ltd | Q4 2023 | +3.3 % | -5.1 % |
| Microsoft Corporation | Q2 2026 | +22.9 % | +109.6 % |
| Oracle Corporation | Q3 2026 | - | +235.2 % |
| Sap Se | Q4 2025 | +9.6 % | - |
| International Business Machines Corporation | Q2 2026 | +3.6 % | +9.0 % |
| Adobe Inc | Q3 2026 | +18.8 % | +18.1 % |
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Magic Software Enterprises Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Magic Software Enterprises Ltd | 8.01% | 7.40% | 14.38% |
| Microsoft Corporation | 19.76% | 22.48% | 34.22% |
| Oracle Corporation | 7.73% | 9.84% | 44.45% |
| Sap Se | 10.03% | 12.84% | 15.66% |
| International Business Machines Corporation | 7.07% | 7.03% | 33.43% |
| Adobe Inc | 24.46% | 39.34% | 62.88% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Magic Software Enterprises Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Magic Software Enterprises Ltd | 23.17 | 1.54 |
| Microsoft Corporation | 29.47 | 11.88 |
| Oracle Corporation | 20.10 | 5.25 |
| Sap Se | 36.80 | 6.33 |
| International Business Machines Corporation | 20.56 | 3.20 |
| Adobe Inc | 13.76 | 3.73 |
| PEERS AVERAGE | 27.70 | 8.94 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.