Essent Group Ltd Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Essent Group Ltd's revenue grew 12.0% year-over-year to $1.2B, a solid pace of expansion. This earns a growth score of 63/100.
Essent Group Ltd carries a low D/E ratio of 0.27, meaning only $0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Essent Group Ltd converts 68.8% of revenue into free cash flow ($854.8M). This strong cash generation earns a score of 100/100.
Essent Group Ltd's ROE of 13.0% shows moderate profitability relative to equity, earning a score of 52/100. This is down from 13.7% the prior year.
Essent Group Ltd passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Essent Group Ltd generates $1.18 in operating cash flow ($861.5M OCF vs $729.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Essent Group Ltd (ESNT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Essent Group Ltd generated $1.2B in revenue in fiscal year 2024. This represents an increase of 12.0% from the prior year.
Essent Group Ltd generated $854.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 12.6% from the prior year.
Essent Group Ltd reported $729.4M in net income in fiscal year 2024. This represents an increase of 4.7% from the prior year.
Essent Group Ltd earned $6.85 per diluted share (EPS) in fiscal year 2024. This represents an increase of 5.4% from the prior year.
Essent Group Ltd held $131.5M in cash against $0 in long-term debt as of fiscal year 2024.
Essent Group Ltd paid $1.12 per share in dividends in fiscal year 2024. This represents an increase of 12.0% from the prior year.
Essent Group Ltd had 104M shares outstanding in fiscal year 2024. This represents a decrease of 2.8% from the prior year.
Essent Group Ltd's net profit margin was 58.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.1 percentage points from the prior year.
Essent Group Ltd's ROE was 13.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.
Essent Group Ltd spent $111.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 57.8% from the prior year.
Essent Group Ltd invested $6.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 69.1% from the prior year.
ESNT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $311.8M-2.3% | $319.1M+0.5% | $317.6M+0.8% | $315.0M+0.7% | $312.9M+4.9% | $298.4M+0.4% | $297.3M+0.4% | $296.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $8.3M+1.3% | $8.1M0.0% | $8.1M0.0% | $8.2M+3.8% | $7.8M-0.2% | $7.9M-1.1% | $8.0M+1.3% | $7.9M |
| Income Tax | $34.9M-2.5% | $35.8M+13.5% | $31.6M+16.7% | $27.1M-24.1% | $35.6M+11.2% | $32.0M+16.1% | $27.6M-12.4% | $31.5M |
| Net Income | $164.2M-15.9% | $195.3M+11.3% | $175.4M+4.5% | $167.9M-17.5% | $203.6M+12.0% | $181.7M+3.6% | $175.4M-1.5% | $178.0M |
| EPS (Diluted) | $1.67-13.5% | $1.93+14.2% | $1.69+6.3% | $1.59-16.8% | $1.91+12.4% | $1.70+3.7% | $1.64-1.2% | $1.66 |
ESNT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.4B+1.8% | $7.2B+0.2% | $7.2B+1.3% | $7.1B+6.3% | $6.7B+1.9% | $6.6B+2.2% | $6.4B+5.5% | $6.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $91.4M-0.8% | $92.1M-55.7% | $208.1M+58.2% | $131.5M-33.4% | $197.4M+20.2% | $164.3M+15.8% | $141.8M+46.5% | $96.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | $55.6M | N/A | N/A | $63.3M | N/A |
| Goodwill | N/A | N/A | N/A | $48.8M | N/A | N/A | $50.0M | N/A |
| Total Liabilities | $1.6B+4.2% | $1.5B+0.1% | $1.5B+2.5% | $1.5B+14.9% | $1.3B-1.9% | $1.3B+1.1% | $1.3B+2.9% | $1.3B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $5.7B+1.2% | $5.7B+0.2% | $5.7B+1.0% | $5.6B+4.2% | $5.4B+2.9% | $5.2B+2.4% | $5.1B+6.1% | $4.8B |
| Retained Earnings | $5.1B+2.7% | $5.0B+3.4% | $4.8B+3.1% | $4.7B+6.4% | $4.4B+4.1% | $4.2B+3.7% | $4.1B+3.8% | $3.9B |
ESNT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $215.9M+13.9% | $189.5M-14.5% | $221.6M-2.3% | $226.7M+20.1% | $188.7M-13.0% | $216.9M+0.7% | $215.5M+10.5% | $195.0M |
| Capital Expenditures | $5.3M+609.0% | $742K+235.7% | $221K-69.3% | $721K-31.9% | $1.1M-76.4% | $4.5M+107.7% | $2.2M+106.4% | $1.0M |
| Free Cash Flow | $210.6M+11.5% | $188.8M-14.7% | $221.3M-2.1% | $226.0M+20.4% | $187.6M-11.7% | $212.5M-0.4% | $213.3M+9.9% | $194.0M |
| Investing Cash Flow | -$64.4M+38.2% | -$104.1M-287.5% | $55.5M+151.5% | -$107.9M-3.8% | -$104.0M+31.3% | -$151.3M-17.1% | -$129.2M+4.2% | -$134.8M |
| Financing Cash Flow | -$152.2M+24.4% | -$201.4M-0.4% | -$200.5M-107.5% | -$96.6M-87.4% | -$51.6M-19.5% | -$43.2M-4.7% | -$41.2M-30.7% | -$31.5M |
| Dividends Paid | $30.1M-2.6% | $30.9M-2.5% | $31.7M+7.8% | $29.4M-0.6% | $29.6M-0.1% | $29.6M+12.1% | $26.4M-0.3% | $26.5M |
| Share Buybacks | $122.1M-28.4% | $170.5M+1.0% | $168.8M+154.5% | $66.3M+201.6% | $22.0M+62.3% | $13.6M-8.4% | $14.8M+193.7% | $5.0M |
ESNT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 52.7%-8.6pp | 61.2%+6.0pp | 55.2%+1.9pp | 53.3%-11.8pp | 65.1%+4.1pp | 60.9%+1.9pp | 59.0%-1.1pp | 60.1% |
| Return on Equity | 2.9%-0.6pp | 3.4%+0.3pp | 3.1%+0.1pp | 3.0%-0.8pp | 3.8%+0.3pp | 3.5%+0.0pp | 3.4%-0.3pp | 3.7% |
| Return on Assets | 2.2%-0.5pp | 2.7%+0.3pp | 2.4%+0.1pp | 2.4%-0.7pp | 3.0%+0.3pp | 2.8%+0.0pp | 2.7%-0.2pp | 2.9% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.280.0 | 0.270.0 | 0.270.0 | 0.27+0.0 | 0.24-0.0 | 0.260.0 | 0.260.0 | 0.27 |
| FCF Margin | 67.5%+8.4pp | 59.2%-10.5pp | 69.7%-2.0pp | 71.7%+11.8pp | 60.0%-11.2pp | 71.2%-0.5pp | 71.8%+6.2pp | 65.5% |
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Frequently Asked Questions
What is Essent Group Ltd's annual revenue?
Essent Group Ltd (ESNT) reported $1.2B in total revenue for fiscal year 2024. This represents a 12.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Essent Group Ltd's revenue growing?
Essent Group Ltd (ESNT) revenue grew by 12% year-over-year, from $1.1B to $1.2B in fiscal year 2024.
Is Essent Group Ltd profitable?
Yes, Essent Group Ltd (ESNT) reported a net income of $729.4M in fiscal year 2024, with a net profit margin of 58.7%.
What is Essent Group Ltd's earnings per share (EPS)?
Essent Group Ltd (ESNT) reported diluted earnings per share of $6.85 for fiscal year 2024. This represents a 5.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Essent Group Ltd's net profit margin?
Essent Group Ltd (ESNT) had a net profit margin of 58.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Essent Group Ltd pay dividends?
Yes, Essent Group Ltd (ESNT) paid $1.12 per share in dividends during fiscal year 2024.
What is Essent Group Ltd's return on equity (ROE)?
Essent Group Ltd (ESNT) has a return on equity of 13.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Essent Group Ltd's free cash flow?
Essent Group Ltd (ESNT) generated $854.8M in free cash flow during fiscal year 2024. This represents a 12.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Essent Group Ltd's operating cash flow?
Essent Group Ltd (ESNT) generated $861.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Essent Group Ltd's total assets?
Essent Group Ltd (ESNT) had $7.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Essent Group Ltd's capital expenditures?
Essent Group Ltd (ESNT) invested $6.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Essent Group Ltd buy back shares?
Yes, Essent Group Ltd (ESNT) spent $111.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Essent Group Ltd have outstanding?
Essent Group Ltd (ESNT) had 104M shares outstanding as of fiscal year 2024.
What is Essent Group Ltd's debt-to-equity ratio?
Essent Group Ltd (ESNT) had a debt-to-equity ratio of 0.27 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Essent Group Ltd's return on assets (ROA)?
Essent Group Ltd (ESNT) had a return on assets of 10.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Essent Group Ltd's Piotroski F-Score?
Essent Group Ltd (ESNT) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Essent Group Ltd's earnings high quality?
Essent Group Ltd (ESNT) has an earnings quality ratio of 1.18x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Essent Group Ltd?
Essent Group Ltd (ESNT) scores 79 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.