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Essent Group

ESNT NYSE Commercial & Residential Mortgage Finance Financials FY2016–FY2025

Essent Group's revenue rose 1.4% to $1.3 billion in fiscal 2025. Its net margin was 54.7%, down from 58.7% a year earlier. Free cash flow was $849 million, down 0.7%. It paid out $710 million in dividends and buybacks, 84% of free cash flow. The diluted share count fell 6.1%.

Last close · Oct 23, 2026

$66.80

1.7%
Value it Compare
Revenue Total sales reported in the income statement.
$1.3B
1.4% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$690M
5.4%
Free cash flow Cash from operations minus capital spending.
$849M
0.7%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
$6.1B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
9.3x
On $7.18 EPS (TTM)

What Essent Group does

No business description yet.

Legal name
ESSENT GROUP LTD.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001448893-26-000009
0001448893

Revenue and margins

Essent Group had $1.3B of revenue in fiscal 2025, up 1.5% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 12.4% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $849M in fiscal 2025, 67.3% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Essent Group returned $710M to shareholders in fiscal 2025, 84% of free cash flow. The diluted share count fell 6.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Essent Group yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of — and divides by 100.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 9.3x · peers 19.7x · sector 13.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Essent Group can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $81.5M$81.2M$142M$132M$123M
Interest coverage 100.3x64.3x28.3x25.2x26.1x
Total assets $5.7B$5.7B$6.4B$7.1B$7.4B
Total liabilities $1.5B$1.3B$1.3B$1.5B$1.7B
Shareholders' equity $4.2B$4.5B$5.1B$5.6B$5.8B
Net debt (− = net cash) —————

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$13.8M

6 insiders

Of sales under plans

99%

$13.6M

DateInsiderTradeSharesPriceValueFiling
Sep 15, 2026 David B WeinstockSVP and CFO Sold plan 5,500 $68.54 $0.4M Form 4
Sep 14, 2026 Roy James KasmarDirector Sold plan 4,837 $68.71 $0.3M Form 4
Sep 3, 2026 Mark CasaleChairman, CEO and President, Director Sold plan 798 $70.01 $0.1M Form 4
Aug 24, 2026 Douglas J PaulsDirector Sold 2,500 $69.70 $0.2M Form 4
Aug 19, 2026 Mark CasaleChairman, CEO and President, Director Sold plan 21,607 $70.07 $1.5M Form 4
Aug 18, 2026 Mark CasaleChairman, CEO and President, Director Sold plan 20,246 $70.18 $1.4M Form 4
Aug 18, 2026 Vijay BhasinSVP and Chief Risk Officer Sold plan 14,175 $70.00 $1.0M Form 4
Aug 7, 2026 Vijay BhasinSVP and Chief Risk Officer Sold plan 483 $70.00 $0.0M Form 4
Jul 17, 2026 Mary Lourdes GibbonsSVP and Chief Legal Officer Sold plan 4,678 $67.04 $0.3M Form 4
Jul 14, 2026 Mark CasaleChairman, CEO and President, Director Sold plan 78,699 $65.23 $5.1M Form 4
Jul 13, 2026 Mark CasaleChairman, CEO and President, Director Sold plan 23,900 $65.07 $1.6M Form 4
Jul 7, 2026 Mark CasaleChairman, CEO and President, Director Sold plan 29,329 $65.35 $1.9M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets — — —
Current ratio rose — — —
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✓ ✕ ✕
F-score — / 9— / 9— / 9
Accruals ratio −1.1%−2.0%−2.3%
Altman Z'' ———

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Essent Group ESNT $6.1B 1.5% — 67.3% — 9.3x —
Rocket Companies RKT $33.4B 31.3% — −60.0% — — — Compare →
MGIC Investment MTG $6.1B 0.5% — 70.2% — 9.0x — Compare →
Payoneer Global PAYO $2.4B 7.7% 11.8% 19.6% — 51.1x — Compare →
Glacier Bancorp GBCI $6.2B 23.7% — 33.7% — 19.7x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $458M $577M $719M $868M $955M $1.0B $1.0B $1.1B $1.2B $1.3B
Interest expense $0.4M $5.2M $10.2M $10.2M $9.1M $8.3M $15.6M $30.1M $35.3M $32.7M
Pretax income $312M $399M $547M $659M $490M $822M $988M $823M $856M $822M
Income tax $89.3M $18.8M $79.3M $103M $77.1M $141M $157M $127M $126M $132M
Net income $223M $380M $467M $556M $413M $682M $831M $696M $729M $690M
Diluted EPS $2.41 $3.99 $4.77 $5.66 $3.88 $6.11 $7.72 $6.50 $6.85 $6.90
Diluted shares 0.09B 0.10B 0.10B 0.10B 0.11B 0.11B 0.11B 0.11B 0.11B 0.10B
Cash flow
Cash from operations $275M $369M $625M $590M $728M $709M $589M $763M $862M $856M
Capital expenditure $3.2M $2.8M $4.1M $3.4M $2.4M $2.5M $4.0M $4.0M $6.8M $7.4M
Free cash flow $271M $366M $621M $586M $725M $707M $585M $759M $855M $849M
Depreciation and amortization $4.1M $3.9M $3.4M $3.8M $3.3M $3.4M $3.0M $4.5M $5.8M $5.2M
Stock-based compensation $16.9M $18.7M $15.1M $16.6M $18.5M $20.8M $18.4M $18.4M $24.8M $20.8M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $86.8M $0.0M $0.0M
Share buybacks $4.0M $7.6M $31.4M $9.0M $6.4M $164M $97.9M $70.7M $112M $588M
Dividends paid $0.0M $0.0M $0.0M $29.3M $69.4M $77.7M $92.1M $106M $118M $122M
Dividends and buybacks $4.0M $7.6M $31.4M $38.4M $75.8M $242M $190M $177M $230M $710M
Balance sheet
Cash and short-term investments $160M $356M $219M $387M — $81.5M $81.2M $142M $132M $123M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $8.1M $7.0M $7.6M $17.3M $15.1M $11.9M $19.6M $41.3M $41.9M $49.2M
Total assets $1.9B $2.7B $3.2B $3.9B $5.2B $5.7B $5.7B $6.4B $7.1B $7.4B
Total liabilities $539M $734M $784M $889M $1.3B $1.5B $1.3B $1.3B $1.5B $1.7B
Shareholders' equity $1.3B $1.9B $2.4B $3.0B $3.9B $4.2B $4.5B $5.1B $5.6B $5.8B
Margins
EBITDA margin 69.0% 70.7% 77.9% 77.6% 52.6% 81.1% 100.6% 77.3% 72.1% 68.2%
Net margin 48.6% 65.9% 65.0% 64.1% 43.2% 66.3% 83.1% 62.8% 58.7% 54.7%
FCF margin 59.2% 63.5% 86.4% 67.6% 76.0% 68.7% 58.4% 68.4% 68.8% 67.3%
Returns
Return on equity 18.1% 23.1% 21.7% 20.8% 12.1% 16.8% 19.1% 14.6% 13.6% 12.2%
Return on assets 13.3% 16.7% 16.1% 15.8% 9.1% 12.5% 14.5% 11.5% 10.8% 9.5%
Growth
Revenue growth 29.7% 25.8% 24.8% 20.6% 10.1% 7.7% −2.7% 10.9% 12.0% 1.5%
Net income growth 41.5% 70.6% 23.1% 18.9% −25.7% 65.1% 21.9% −16.2% 4.7% −5.4%
EPS growth 40.1% 65.6% 19.6% 18.7% −31.5% 57.5% 26.4% −15.8% 5.4% 0.7%
FCF growth 22.5% 34.8% 69.8% −5.6% 23.7% −2.6% −17.3% 29.8% 12.6% −0.7%
Share count change 0.6% 3.2% 2.9% 0.3% 8.3% 4.9% −3.5% −0.5% −0.5% −6.1%
Financial health
Interest coverage 733.1x 78.0x 54.7x 65.9x 55.0x 100.3x 64.3x 28.3x 25.2x 26.1x
Capital allocation
Capex / revenue 0.7% 0.5% 0.6% 0.4% 0.3% 0.2% 0.4% 0.4% 0.5% 0.6%
Stock comp / revenue 3.7% 3.2% 2.1% 1.9% 1.9% 2.0% 1.8% 1.7% 2.0% 1.7%
Payouts / FCF 1.5% 2.1% 5.1% 6.5% 10.4% 34.2% 32.5% 23.3% 26.9% 83.6%
Quality scores
Accruals ratio −3.1% 0.5% −5.4% −1.0% −6.9% −0.5% 4.2% −1.1% −2.0% −2.3%

Source: SEC EDGAR XBRL filings (CIK 0001448893). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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