Essent Group vs Rocket Companies
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The short version
- Rocket Companies is the larger business, with $6.7B of revenue in fiscal 2025 against $1.3B for Essent Group, about 5.3 times as much.
- Rocket Companies grew revenue faster (31.3%, against 1.5%).
- Essent Group turned more of its sales into free cash flow (67.3% FCF margin, against β60.0%).
| Latest fiscal year | ESNT Β· FY25 | RKT Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $6.1B | $33.4B |
| Revenue | $1.3B | $6.7B |
| Free cash flow | $849M | β$4.0B |
| Net income | $690M | β$68.0M |
| Growth | ||
| Revenue growth | 1.5% | 31.3% |
| 5-year growth | 5.7% | β15.6% |
| Share count change | β6.1% | 837.6% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 54.7% | β1.0% |
| FCF margin | 67.3% | β60.0% |
| Return on capital | β | β |
| Return on equity | 12.2% | β0.4% |
| Balance sheet | ||
| Net debt | β | β |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $710M | $0.0M |
| Valuation & quality | ||
| P/E | 9.3x | β |
| Piotroski F-score | β | β |
Revenue
FY16
ESNT $458M
RKT β
FY17
ESNT $577M
RKT β
FY18
ESNT $719M
RKT $4.2B
FY19
ESNT $868M
RKT $5.1B
FY20
ESNT $955M
RKT $15.7B
FY21
ESNT $1.0B
RKT $12.9B
FY22
ESNT $1.0B
RKT $5.8B
FY23
ESNT $1.1B
RKT $3.8B
FY24
ESNT $1.2B
RKT $5.1B
FY25
ESNT $1.3B
RKT $6.7B
ESNT
RKT
Operating margin
FY16
ESNT β
RKT β
FY17
ESNT β
RKT β
FY18
ESNT β
RKT β
FY19
ESNT β
RKT β
FY20
ESNT β
RKT β
FY21
ESNT β
RKT β
FY22
ESNT β
RKT β
FY23
ESNT β
RKT β
FY24
ESNT β
RKT β
FY25
ESNT β
RKT β
ESNT
RKT
Free cash flow
FY16
ESNT $271M
RKT β
FY17
ESNT $366M
RKT β
FY18
ESNT $621M
RKT $1.4B
FY19
ESNT $586M
RKT β$7.0B
FY20
ESNT $725M
RKT β$1.8B
FY21
ESNT $707M
RKT $7.6B
FY22
ESNT $585M
RKT $10.7B
FY23
ESNT $759M
RKT $51.0M
FY24
ESNT $855M
RKT β$2.7B
FY25
ESNT $849M
RKT β$4.0B
ESNT
RKT
Return on capital
FY16
ESNT β
RKT β
FY17
ESNT β
RKT β
FY18
ESNT β
RKT β
FY19
ESNT β
RKT β
FY20
ESNT β
RKT β
FY21
ESNT β
RKT β
FY22
ESNT β
RKT β
FY23
ESNT β
RKT β
FY24
ESNT β
RKT β
FY25
ESNT β
RKT β
ESNT
RKT
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.