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Essent Group vs Mgic Investment: ESNT and MTG compared
Essent Group is the larger company: $374M of revenue in its latest quarter (Q3 2026) against $299M for Mgic Investment (Q3 2026). Essent Group is growing faster (+20% against -2% a year earlier). Mgic Investment is more profitable, with an operating margin of 74.0% against 53.2%.
Where the money goes: ESNT and MTG
Essent Group (ESNT) · Q3 2026
Essent Group, Q3 2026: revenue $374M (+20% year over year), operating margin 53.2%, net earnings $163M, operating cash flow $239M. The chart follows the revenue to costs, profit and cash.
Mgic Investment (MTG) · Q3 2026
Mgic Investment, Q3 2026: revenue $299M (-2% year over year), operating margin 74.0%, net earnings $175M, operating cash flow $216M. The chart follows the revenue to costs, profit and cash.
| Essent Group (ESNT) | Mgic Investment (MTG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $374M | $299M |
| Revenue growth, Y/Y | +20% | -2% |
| Operating margin | 53.2% | 74.0% |
| Net earnings | $163M | $175M |
| Net margin | 43.7% | 58.5% |
| Operating cash flow | $239M | $216M |
| Free cash flow | $238M | $216M |
| Market value | $5.7B | $5.6B |
| P/E | 8.4× | 8.5× |
| Analysts’ mean target | $72.12 | $30.33 |
Questions
Which is bigger, Essent Group or Mgic Investment?
Essent Group is the larger company: $374M of revenue in its latest quarter (Q3 2026) against $299M for Mgic Investment (Q3 2026).
Is Essent Group or Mgic Investment growing faster?
Essent Group is growing faster (+20% against -2% a year earlier).
Which is more profitable, Essent Group or Mgic Investment?
Mgic Investment is more profitable, with an operating margin of 74.0% against 53.2%.
More: Essent Group earnings · how Essent Group makes money · Mgic Investment earnings · how Mgic Investment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.