Essent (ESNT) Gross Margin (2013 - 2024)
Essent's (ESNT) quarterly Gross Margin came in at 104.29% in Q4 2024, up 178.0% year-on-year from 37.51% in Q1 2024, and up 8.48% quarter-over-quarter from 96.13% in Q3 2024.
Essent (ESNT) Gross Margin (2013 - 2024) Analysis & Trends
Essent has disclosed Gross Margin across 7 years of filings, most recently posting 104.29% for Q4 2024.
- Gross Margin for Q4 2024 came in at 104.29%, up 178.0% year-over-year; the trailing twelve-month figure through Dec 2024 was 99.38% (up 7.0% YoY), and the FY2025 annual result was 99.32%, down 4.0% from the prior year.
- Gross Margin came in at 104.29% for Q4 2024 at Essent, up from 96.13% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 104.29% in Q4 2024 to a low of 95.55% in Q3 2023.
- The 3-year median for Gross Margin is 98.41% (2022), against an average of 98.79%.
- Peak annual rise in Gross Margin reached 582 bps in 2023, while the deepest fall reached 445 bps in 2023.
- Essent's Gross Margin stood at 96.69% in 2022, then increased by 6 bps to 102.51% in 2023, then grew by 2 bps to 104.29% in 2024.
- The last three Gross Margin figures came in at 104.29% (Q4 2024), 96.13% (Q3 2024), and 95.94% (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.87 Bn | 10.21 Bn | 2.62 Bn | 81.15% |
| 2 | Axis Capital Holdings | 7.52 Bn | 6.65 Bn | - | - |
| 3 | First American Financial | 6.80 Bn | 3.91 Bn | 1.24 Bn | 67.24% |
| 4 | Enact Holdings | 6.01 Bn | 5.46 Bn | 205.74 Mn | 84.70% |
| 5 | Mgic Investment | 5.57 Bn | 5.32 Bn | 202.12 Mn | 85.88% |
| 6 | Essent | 5.47 Bn | 5.47 Bn | - | - |
| 7 | Radian | 4.74 Bn | 4.66 Bn | 368.17 Mn | 78.95% |
| 8 | Ryan Specialty Holdings | 4.62 Bn | 5.05 Bn | - | - |
| 9 | Assured Guaranty | 3.42 Bn | -495.48 Mn | 216.00 Mn | 82.76% |
| 10 | NMI Holdings | 2.82 Bn | 2.75 Bn | 152.85 Mn | 83.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 104.29% |
| Sep 30, 2024 | 96.13% |
| Jun 30, 2024 | 95.94% |
| Mar 31, 2024 | 96.82% |
| Dec 31, 2023 | 102.51% |
| Sep 30, 2023 | 95.55% |
| Jun 30, 2023 | 100.00% |
| Mar 31, 2023 | 100.00% |
| Dec 31, 2022 | 96.69% |
| Sep 30, 2022 | 100.00% |
| Dec 31, 2016 | 96.69% |
| Sep 30, 2016 | 95.52% |
| Jun 30, 2016 | 97.06% |
| Mar 31, 2016 | 96.05% |
| Dec 31, 2015 | 95.30% |
| Sep 30, 2015 | 95.95% |
| Jun 30, 2015 | 97.05% |
| Mar 31, 2015 | 97.34% |
| Dec 31, 2014 | 95.50% |
| Sep 30, 2014 | 97.69% |