Essent (ESNT) Gross Margin (2013 - 2026)

Essent (ESNT) posted Gross Margin of 81.46% for Q1 2026, down 8.69% sequentially from 89.22% in Q4 2025, and down 581.0% YoY from 16.94% in Q1 2025.

Essent (ESNT) Gross Margin (2013 - 2026) Analysis & Trends

Essent has reported Gross Margin for 14 years, with the latest figure at 81.46% in Q1 2026.

Quarterly Gross Margin fell 581.0% year-over-year to 81.46% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 87.6% (down 448.0% YoY) and the FY2025 annual result came in at 88.16%, down 531.0% from the prior year.
Gross Margin eased to 81.46% in Q1 2026 per ESNT's latest filing, from 89.22% in the prior quarter.
Over five years, Gross Margin peaked at 101.12% in Q4 2022 and troughed at 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.
The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 3487 bps in 2022, then soared 4954 bps in 2023.
Over 5 years, Gross Margin stood at 101.12% in 2022, then slipped by 8 bps to 93.39% in 2023, then slipped by 2 bps to 91.75% in 2024, then slipped by 3 bps to 89.22% in 2025, then slipped by 9 bps to 81.46% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 81.46%, 89.22%, and 85.59% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Fidelity National Financial	12.71 Bn	8.14 Bn	3.59 Bn	88.64%
2	First American Financial	7.40 Bn	4.28 Bn	1.77 Bn	83.37%
3	Axis Capital Holdings	7.28 Bn	6.49 Bn	819.78 Mn	46.77%
4	Enact Holdings	6.86 Bn	6.36 Bn	284.04 Mn	89.52%
5	Mgic Investment	6.46 Bn	6.23 Bn	284.40 Mn	96.28%
6	Essent	6.22 Bn	6.22 Bn	313.73 Mn	86.50%
7	Ryan Specialty Holdings	5.38 Bn	5.24 Bn	-	-
8	Radian	4.96 Bn	4.22 Bn	380.01 Mn	66.09%
9	NMI Holdings	3.45 Bn	3.37 Bn	157.40 Mn	83.77%
10	Assured Guaranty	3.29 Bn	-503.07 Mn	156.00 Mn	80.00%

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