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Essent Group vs NMI Holdings: ESNT and NMIH compared
Essent Group is the larger company: $374M of revenue in its latest quarter (Q3 2026) against $188M for NMI Holdings (Q3 2026). Essent Group is growing faster (+20% against +5% a year earlier). NMI Holdings is more profitable, with an operating margin of 64.1% against 53.2%.
Where the money goes: ESNT and NMIH
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.
NMI Holdings (NMIH) · Q3 2026
NMI Holdings, Q3 2026: revenue $188M (+5% year over year), operating margin 64.1%, net earnings $93.5M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Essent Group (ESNT) | NMI Holdings (NMIH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $374M | $188M |
| Revenue growth, Y/Y | +20% | +5% |
| Operating margin | 53.2% | 64.1% |
| Net earnings | $163M | $93.5M |
| Net margin | 43.7% | 49.8% |
| Operating cash flow | $239M | $111M |
| Free cash flow | $238M | $109M |
| Market value | $5.7B | $3.0B |
| P/E | 8.4× | 7.6× |
| Analysts’ mean target | $72.12 | $48.00 |
Questions
Which is bigger, Essent Group or NMI Holdings?
Essent Group is the larger company: $374M of revenue in its latest quarter (Q3 2026) against $188M for NMI Holdings (Q3 2026).
Is Essent Group or NMI Holdings growing faster?
Essent Group is growing faster (+20% against +5% a year earlier).
Which is more profitable, Essent Group or NMI Holdings?
NMI Holdings is more profitable, with an operating margin of 64.1% against 53.2%.
More: Essent Group earnings · how Essent Group makes money · NMI Holdings earnings · how NMI Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.