Essent (ESNT) Gross Margin (2013 - 2026)
Essent (ESNT) reported Gross Margin of 81.46% for Q1 2026, down 581.0% on a YoY basis from 16.94% in Q1 2025, and down 8.69% sequentially from 89.22% in Q4 2025.
Essent (ESNT) Gross Margin (2013 - 2026) Analysis & Trends
Essent (ESNT) has 14 years of Gross Margin data on file, last reported at 81.46% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 581.0% year-over-year to 81.46%; the trailing twelve-month figure through Mar 2026 stood at 87.6% (down 448.0% YoY), and the FY2025 full-year result was 88.16%, down 531.0% from the prior year.
- Gross Margin eased to 81.46% in Q1 2026, from 89.22% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 101.12% in Q4 2022 to a low of 50.37% in Q1 2022.
- A 5-year average of 89.4% and a median of 93.15% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 3487 bps in 2022 and jumped 4954 bps in 2023, its largest moves.
- Tracing ESNT's Gross Margin over 5 years: stood at 101.12% in 2022, then fell by 8 bps to 93.39% in 2023, then fell by 2 bps to 91.75% in 2024, then fell by 3 bps to 89.22% in 2025, then fell by 9 bps to 81.46% in 2026.
- Business Quant data shows ESNT's Gross Margin at 81.46% in Q1 2026, 89.22% in Q4 2025, and 85.59% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 13.08 Bn | 10.42 Bn | 3.16 Bn | 98.08% |
| 2 | Axis Capital Holdings | 8.50 Bn | 7.97 Bn | 613.18 Mn | 41.42% |
| 3 | First American Financial | 7.10 Bn | 4.22 Bn | 1.77 Bn | 83.37% |
| 4 | Enact Holdings | 6.51 Bn | 5.96 Bn | 205.69 Mn | 84.70% |
| 5 | Mgic Investment | 6.26 Bn | 6.23 Bn | 263.84 Mn | 88.81% |
| 6 | Essent | 6.05 Bn | 6.05 Bn | 211.88 Mn | 81.46% |
| 7 | Radian | 5.96 Bn | 5.91 Bn | 304.36 Mn | 75.61% |
| 8 | Assured Guaranty | 3.78 Bn | 3.28 Bn | 65.00 Mn | 79.27% |
| 9 | NMI Holdings | 3.17 Bn | 3.10 Bn | 134.15 Mn | 86.65% |
| 10 | Employers Holdings | 957.12 Mn | 620.72 Mn | 51.80 Mn | 28.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 81.46% |
| Dec 31, 2025 | 89.22% |
| Sep 30, 2025 | 85.59% |
| Jun 30, 2025 | 93.15% |
| Mar 31, 2025 | 87.27% |
| Dec 31, 2024 | 91.75% |
| Sep 30, 2024 | 87.68% |
| Jun 30, 2024 | 99.89% |
| Mar 31, 2024 | 96.68% |
| Dec 31, 2023 | 93.39% |
| Sep 30, 2023 | 95.62% |
| Jun 30, 2023 | 99.52% |
| Mar 31, 2023 | 99.91% |
| Dec 31, 2022 | 101.12% |
| Sep 30, 2022 | 98.38% |
| Jun 30, 2022 | 68.82% |
| Mar 31, 2022 | 50.37% |
| Dec 31, 2021 | 101.58% |
| Sep 30, 2021 | 97.36% |
| Jun 30, 2021 | 95.56% |