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Essent Group (ESNT) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Essent Group (ESNT) Q3 2026 earnings results →
Q3 2026 Revenue up 20% year over year to $374M · 44¢ of every $1 of revenue kept as net profit · operating margin 53.2%
Essent Group made $374M in Q3 2026 (+20% Y/Y). Operating margin 53.2%, net earnings $163M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $374.2M in Q3 2026, up 20% year over year and up 3% from the previous quarter.
Operating profit was $199.0M, a 53.2% margin (down 10.7 points year over year). Operating profit fell $117K even though revenue rose $62.4M versus Q3 2025, so costs grew faster than sales. Total costs grew 55% against revenue growth of 20%. Net earnings were $163.4M, down 1% year over year. The effective tax rate was 17.9%.
Operating cash flow was $239.0M (up 11% year over year), 146% of net earnings. Non-cash charges added back $1.8M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $70.9M. Capital expenditures of $1.2M left free cash flow of $237.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $374M | +20% | 53.2% | $163M | $239M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $363M | +14% | 63.5% | $190M | $197M |
| Q1 2026 | 10-Q | May 8, 2026 | $336M | +6% | 61.5% | $172M | $192M |
| Q4 2025 | 10-K | Feb 18, 2026 | $312M | -0.8% | 59.1% | $155M | $229M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $312M | -2% | 63.9% | $164M | $216M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $319M | +2% | 72.4% | $195M | $190M |
| Q1 2025 | 10-Q | May 9, 2025 | $318M | +6% | 65.2% | $175M | $222M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Essent Group
We serve the housing finance industry by providing private mortgage insurance and reinsurance, and title insurance and settlement services to mortgage lenders, borrowers and investors to support homeownership. We conduct our operations through two primary business segments: Mortgage Insurance and Reinsurance. Our Mortgage Insurance segment offers private mortgage insurance for mortgages secured by residential properties located in the United States. We provide private mortgage insurance on residential first-lien mortgage loans in the U.S. (“mortgage insurance”) through Essent Guaranty, a Pennsylvania-domiciled monoline mortgage guaranty insurance company licensed in all 50 states and the District of Columbia and approved by Fannie Mae and Freddie Mac, and also offer other credit risk management solutions, including contract underwriting, to our customers.
In its own words, from its 10-K, filed Feb 18, 2026.
Essent Group against its Surety Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +20% against the peers' median +20%. Operating margin: 53.2% against the peers' median 40.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ESNT Essent Group | Q3 2026 | $374M | +20% | 53.2% |
| ORI Old Republic International | Q3 2026 | $2.6B | +5% | 10.7% |
| RDN Radian Group | Q3 2026 | $624M | +106% | 36.6% |
| MTG Mgic Investment | Q3 2026 | $299M | -2% | 74.0% |
| AGO Assured Guaranty | Q3 2026 | $214M | +3% | 40.7% |
| NMIH NMI Holdings | Q3 2026 | $188M | +5% | 64.1% |
| OSG Octave Specialty Group | Q2 2026 | $83.0M | +51% | -14.1% |
| MBI Mbia | Q3 2026 | $26.0M | +73% | -88.5% |
Source: Essent Group 10-Q on SEC EDGAR · CIK 1448893 · Surety Insurance
Guidance and outlook
More on ESNT
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results