Essent Group vs MGIC Investment
Add, change or remove companies; up to four.
The short version
- Essent Group is the larger business, with $1.3B of revenue in fiscal 2025 against $1.2B for MGIC Investment.
- Essent Group grew revenue faster (1.5%, against 0.5%).
- MGIC Investment turned more of its sales into free cash flow (70.2% FCF margin, against 67.3%).
- Investors pay more for each dollar of Essent Group’s earnings: a P/E of 9.3x against 9.0x for MGIC Investment.
| Latest fiscal year | ESNT · FY25 | MTG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $6.1B | $6.1B |
| Revenue | $1.3B | $1.2B |
| Free cash flow | $849M | $852M |
| Net income | $690M | $738M |
| Growth | ||
| Revenue growth | 1.5% | 0.5% |
| 5-year growth | 5.7% | 0.2% |
| Share count change | −6.1% | −11.0% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 54.7% | 60.8% |
| FCF margin | 67.3% | 70.2% |
| Return on capital | — | — |
| Return on equity | 12.2% | 14.3% |
| Balance sheet | ||
| Net debt | — | — |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $710M | $921M |
| Valuation & quality | ||
| P/E | 9.3x | 9.0x |
| Piotroski F-score | — | — |
Revenue
FY16
ESNT $458M
MTG $1.1B
FY17
ESNT $577M
MTG $1.1B
FY18
ESNT $719M
MTG $1.1B
FY19
ESNT $868M
MTG $1.2B
FY20
ESNT $955M
MTG $1.2B
FY21
ESNT $1.0B
MTG $1.2B
FY22
ESNT $1.0B
MTG $1.2B
FY23
ESNT $1.1B
MTG $1.2B
FY24
ESNT $1.2B
MTG $1.2B
FY25
ESNT $1.3B
MTG $1.2B
ESNT
MTG
Operating margin
FY16
ESNT —
MTG —
FY17
ESNT —
MTG —
FY18
ESNT —
MTG —
FY19
ESNT —
MTG —
FY20
ESNT —
MTG —
FY21
ESNT —
MTG —
FY22
ESNT —
MTG —
FY23
ESNT —
MTG —
FY24
ESNT —
MTG —
FY25
ESNT —
MTG —
ESNT
MTG
Free cash flow
FY16
ESNT $271M
MTG $214M
FY17
ESNT $366M
MTG $391M
FY18
ESNT $621M
MTG $530M
FY19
ESNT $586M
MTG $604M
FY20
ESNT $725M
MTG $729M
FY21
ESNT $707M
MTG $692M
FY22
ESNT $585M
MTG $647M
FY23
ESNT $759M
MTG $711M
FY24
ESNT $855M
MTG $724M
FY25
ESNT $849M
MTG $852M
ESNT
MTG
Return on capital
FY16
ESNT —
MTG 11.1%
FY17
ESNT —
MTG 11.3%
FY18
ESNT —
MTG 17.5%
FY19
ESNT —
MTG 15.5%
FY20
ESNT —
MTG 9.3%
FY21
ESNT —
MTG 12.2%
FY22
ESNT —
MTG 16.9%
FY23
ESNT —
MTG 14.4%
FY24
ESNT —
MTG —
FY25
ESNT —
MTG —
ESNT
MTG
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.