Essent Group Ltd Financials
This page shows Essent Group Ltd (ESNT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).
Essent’s cash-rich, capital-light model is funding aggressive buybacks while a growing equity base pulls returns lower.
Between FY2023 and FY2025, net income slipped about0.9% even as revenue kept rising, while diluted EPS still improved. The missing link is an approximately11.5% share-count reduction, so more of the per-share result came from repurchases than from expansion in the underlying profit pool.
FY2025 operating cash flow of
Even after returning roughly
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Essent Group Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Essent Group Ltd passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Essent Group Ltd generates $1.24 in operating cash flow ($856.1M OCF vs $690.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Essent Group Ltd generated $1.3B in revenue in fiscal year 2025. This represents an increase of 1.5% from the prior year.
Essent Group Ltd reported $690.0M in net income in fiscal year 2025. This represents a decrease of 5.4% from the prior year.
Essent Group Ltd earned $6.90 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.7% from the prior year.
Cash & Balance Sheet
Essent Group Ltd generated $848.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 0.7% from the prior year.
Essent Group Ltd held $123.0M in cash against $0 in long-term debt as of fiscal year 2025.
Essent Group Ltd paid $1.24 per share in dividends in fiscal year 2025. This represents an increase of 10.7% from the prior year.
Essent Group Ltd had 95M shares outstanding in fiscal year 2025. This represents a decrease of 8.9% from the prior year.
Margins & Returns
Essent Group Ltd's net profit margin was 54.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.0 percentage points from the prior year.
Essent Group Ltd's ROE was 12.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the prior year.
Capital Allocation
Essent Group Ltd spent $587.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 426.9% from the prior year.
Essent Group Ltd invested $7.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 8.8% from the prior year.
ESNT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $336.1M+7.6% | $312.4M+0.2% | $311.8M-2.3% | $319.1M+0.5% | $317.6M+0.8% | $315.0M-0.5% | $316.6M+1.2% | $312.9M |
| 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 | $8.1M0.0% | $8.1M-1.2% | $8.3M+1.3% | $8.1M0.0% | $8.1M0.0% | $8.2M-28.9% | $11.5M+46.0% | $7.8M |
| Income Tax | $34.9M+18.2% | $29.5M-15.4% | $34.9M-2.5% | $35.8M+13.5% | $31.6M+16.7% | $27.1M-13.9% | $31.4M-11.8% | $35.6M |
| Net Income | $171.8M+10.9% | $155.0M-5.6% | $164.2M-15.9% | $195.3M+11.3% | $175.4M+4.5% | $167.9M-4.7% | $176.2M-13.5% | $203.6M |
| EPS (Diluted) | $1.82 | N/A | $1.67-13.5% | $1.93+14.2% | $1.69 | N/A | $1.65-13.6% | $1.91 |
ESNT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.6B+1.7% | $7.4B+1.2% | $7.4B+1.8% | $7.2B+0.2% | $7.2B+1.3% | $7.1B-0.2% | $7.1B+6.5% | $6.7B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $128.3M+4.2% | $123.0M+34.6% | $91.4M-0.8% | $92.1M-55.7% | $208.1M+58.2% | $131.5M+20.3% | $109.3M-44.6% | $197.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | $51.3M | N/A | N/A | N/A | $55.6M | N/A | N/A |
| Goodwill | $48.8M+0.1% | $48.8M | N/A | N/A | N/A | $48.8M | N/A | N/A |
| Total Liabilities | $1.9B+11.2% | $1.7B+4.4% | $1.6B+4.2% | $1.5B+0.1% | $1.5B+2.5% | $1.5B+1.5% | $1.5B+13.1% | $1.3B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $495.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $5.7B-1.0% | $5.8B+0.3% | $5.7B+1.2% | $5.7B+0.2% | $5.7B+1.0% | $5.6B-0.7% | $5.6B+4.9% | $5.4B |
| Retained Earnings | $5.4B+2.6% | $5.3B+2.4% | $5.1B+2.7% | $5.0B+3.4% | $4.8B+3.1% | $4.7B+3.0% | $4.6B+3.3% | $4.4B |
ESNT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $192.0M-16.2% | $229.1M+6.1% | $215.9M+13.9% | $189.5M-14.5% | $221.6M-2.3% | $226.7M-1.1% | $229.2M+21.5% | $188.7M |
| Capital Expenditures | $818K-28.2% | $1.1M-78.3% | $5.3M+609.0% | $742K+235.7% | $221K-69.3% | $721K+43.3% | $503K-52.5% | $1.1M |
| Free Cash Flow | $191.2M-16.1% | $228.0M+8.2% | $210.6M+11.5% | $188.8M-14.7% | $221.3M-2.1% | $226.0M-1.2% | $228.7M+21.9% | $187.6M |
| Investing Cash Flow | $16.6M+139.7% | -$41.8M+35.1% | -$64.4M+38.2% | -$104.1M-287.5% | $55.5M+151.5% | -$107.9M+68.6% | -$343.7M-230.6% | -$104.0M |
| Financing Cash Flow | -$203.4M-30.7% | -$155.7M-2.3% | -$152.2M+24.4% | -$201.4M-0.4% | -$200.5M-107.5% | -$96.6M-465.3% | $26.5M+151.3% | -$51.6M |
| Dividends Paid | $32.6M+10.4% | $29.5M-1.9% | $30.1M-2.6% | $30.9M-2.5% | $31.7M+7.8% | $29.4M-0.3% | $29.5M-0.4% | $29.6M |
| Share Buybacks | $170.9M+35.4% | $126.2M+3.3% | $122.1M-28.4% | $170.5M+1.0% | $168.8M+154.5% | $66.3M+587.7% | $9.6M-56.1% | $22.0M |
ESNT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | 51.1%+1.5pp | 49.6%-3.0pp | 52.7%-8.6pp | 61.2%+6.0pp | 55.2%+1.9pp | 53.3%-2.3pp | 55.6%-9.4pp | 65.1% |
| Return on Equity | 3.0%+0.3pp | 2.7%-0.2pp | 2.9%-0.6pp | 3.4%+0.3pp | 3.1%+0.1pp | 3.0%-0.1pp | 3.1%-0.7pp | 3.8% |
| Return on Assets | 2.3%+0.2pp | 2.1%-0.2pp | 2.2%-0.5pp | 2.7%+0.3pp | 2.4%+0.1pp | 2.4%-0.1pp | 2.5%-0.6pp | 3.0% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.33+0.0 | 0.29+0.0 | 0.280.0 | 0.270.0 | 0.270.0 | 0.270.0 | 0.26+0.0 | 0.24 |
| FCF Margin | 56.9%-16.1pp | 73.0%+5.4pp | 67.5%+8.4pp | 59.2%-10.5pp | 69.7%-2.0pp | 71.7%-0.5pp | 72.2%+12.3pp | 60.0% |
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Frequently Asked Questions
What is Essent Group Ltd's annual revenue?
Essent Group Ltd (ESNT) reported $1.3B in total revenue for fiscal year 2025. This represents a 1.5% 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 1.5% year-over-year, from $1.2B to $1.3B in fiscal year 2025.
Is Essent Group Ltd profitable?
Yes, Essent Group Ltd (ESNT) reported a net income of $690.0M in fiscal year 2025, with a net profit margin of 54.7%.
What is Essent Group Ltd's net profit margin?
Essent Group Ltd (ESNT) had a net profit margin of 54.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Essent Group Ltd pay dividends?
Yes, Essent Group Ltd (ESNT) paid $1.24 per share in dividends during fiscal year 2025.
What is Essent Group Ltd's return on equity (ROE)?
Essent Group Ltd (ESNT) has a return on equity of 12.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Essent Group Ltd's free cash flow?
Essent Group Ltd (ESNT) generated $848.7M in free cash flow during fiscal year 2025. This represents a -0.7% 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 $856.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Essent Group Ltd's total assets?
Essent Group Ltd (ESNT) had $7.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Essent Group Ltd's capital expenditures?
Essent Group Ltd (ESNT) invested $7.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Essent Group Ltd's debt-to-equity ratio?
Essent Group Ltd (ESNT) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, 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 9.3% for fiscal year 2025, 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 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.24x, 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 54 out of 100 on our Financial Health Score, indicating moderate standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.