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Side-by-side financial comparison of Essent Group Ltd. (ESNT) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Essent Group Ltd. is the larger business by last-quarter revenue ($312.4M vs $273.0M, roughly 1.1× Forestar Group Inc.). Essent Group Ltd. runs the higher net margin — 49.6% vs 5.6%, a 44.0% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -0.8%). Essent Group Ltd. produced more free cash flow last quarter ($848.7M vs $-157.1M). Over the past eight quarters, Essent Group Ltd.'s revenue compounded faster (2.3% CAGR vs -9.6%).
Essentra PLC is a supplier of plastic and fibre products. The company operates internationally from headquarters in Kidlington, Oxfordshire. It is listed on the London Stock Exchange.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
ESNT vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $312.4M | $273.0M |
| Net Profit | $155.0M | $15.4M |
| Gross Margin | — | 20.1% |
| Operating Margin | 59.1% | 7.6% |
| Net Margin | 49.6% | 5.6% |
| Revenue YoY | -0.8% | 9.0% |
| Net Profit YoY | -7.7% | -6.7% |
| EPS (diluted) | $1.61 | $0.30 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $312.4M | $273.0M | ||
| Q3 25 | $311.8M | $670.5M | ||
| Q2 25 | $319.1M | $390.5M | ||
| Q1 25 | $317.6M | $351.0M | ||
| Q4 24 | $315.0M | $250.4M | ||
| Q3 24 | $316.6M | $551.3M | ||
| Q2 24 | $312.9M | $318.4M | ||
| Q1 24 | $298.4M | $333.8M |
| Q4 25 | $155.0M | $15.4M | ||
| Q3 25 | $164.2M | $86.9M | ||
| Q2 25 | $195.3M | $32.9M | ||
| Q1 25 | $175.4M | $31.6M | ||
| Q4 24 | $167.9M | $16.5M | ||
| Q3 24 | $176.2M | $81.5M | ||
| Q2 24 | $203.6M | $38.7M | ||
| Q1 24 | $181.7M | $45.0M |
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | 59.1% | 7.6% | ||
| Q3 25 | 63.9% | 16.9% | ||
| Q2 25 | 72.4% | 11.2% | ||
| Q1 25 | 65.2% | 11.6% | ||
| Q4 24 | 61.9% | 8.7% | ||
| Q3 24 | 65.6% | 19.7% | ||
| Q2 24 | 76.4% | 16.2% | ||
| Q1 24 | 71.6% | 17.6% |
| Q4 25 | 49.6% | 5.6% | ||
| Q3 25 | 52.7% | 13.0% | ||
| Q2 25 | 61.2% | 8.4% | ||
| Q1 25 | 55.2% | 9.0% | ||
| Q4 24 | 53.3% | 6.6% | ||
| Q3 24 | 55.6% | 14.8% | ||
| Q2 24 | 65.1% | 12.2% | ||
| Q1 24 | 60.9% | 13.5% |
| Q4 25 | $1.61 | $0.30 | ||
| Q3 25 | $1.67 | $1.70 | ||
| Q2 25 | $1.93 | $0.65 | ||
| Q1 25 | $1.69 | $0.62 | ||
| Q4 24 | $1.59 | $0.32 | ||
| Q3 24 | $1.65 | $1.59 | ||
| Q2 24 | $1.91 | $0.76 | ||
| Q1 24 | $1.70 | $0.89 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $5.8B | $1.8B |
| Total Assets | $7.4B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $211.7M | ||
| Q3 25 | — | $379.2M | ||
| Q2 25 | — | $189.2M | ||
| Q1 25 | — | $174.3M | ||
| Q4 24 | — | $132.0M | ||
| Q3 24 | — | $481.2M | ||
| Q2 24 | — | $359.2M | ||
| Q1 24 | — | $416.2M |
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
| Q4 25 | $5.8B | $1.8B | ||
| Q3 25 | $5.7B | $1.8B | ||
| Q2 25 | $5.7B | $1.7B | ||
| Q1 25 | $5.7B | $1.6B | ||
| Q4 24 | $5.6B | $1.6B | ||
| Q3 24 | $5.6B | $1.6B | ||
| Q2 24 | $5.4B | $1.5B | ||
| Q1 24 | $5.2B | $1.5B |
| Q4 25 | $7.4B | $3.2B | ||
| Q3 25 | $7.4B | $3.1B | ||
| Q2 25 | $7.2B | $3.1B | ||
| Q1 25 | $7.2B | $3.0B | ||
| Q4 24 | $7.1B | $3.0B | ||
| Q3 24 | $7.1B | $2.8B | ||
| Q2 24 | $6.7B | $2.7B | ||
| Q1 24 | $6.6B | $2.6B |
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $856.1M | $-157.0M |
| Free Cash FlowOCF − Capex | $848.7M | $-157.1M |
| FCF MarginFCF / Revenue | 271.7% | -57.5% |
| Capex IntensityCapex / Revenue | 2.4% | 0.0% |
| Cash ConversionOCF / Net Profit | 5.52× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $856.1M | $-157.0M | ||
| Q3 25 | $215.9M | $256.3M | ||
| Q2 25 | $189.5M | $15.8M | ||
| Q1 25 | $221.6M | $-19.8M | ||
| Q4 24 | $861.5M | $-450.0M | ||
| Q3 24 | $229.2M | $119.2M | ||
| Q2 24 | $188.7M | $-61.7M | ||
| Q1 24 | $216.9M | $-59.2M |
| Q4 25 | $848.7M | $-157.1M | ||
| Q3 25 | $210.6M | $255.6M | ||
| Q2 25 | $188.8M | $15.0M | ||
| Q1 25 | $221.3M | $-20.5M | ||
| Q4 24 | $854.8M | — | ||
| Q3 24 | $228.7M | $118.4M | ||
| Q2 24 | $187.6M | $-62.3M | ||
| Q1 24 | $212.5M | $-59.8M |
| Q4 25 | 271.7% | -57.5% | ||
| Q3 25 | 67.5% | 38.1% | ||
| Q2 25 | 59.2% | 3.8% | ||
| Q1 25 | 69.7% | -5.8% | ||
| Q4 24 | 271.3% | — | ||
| Q3 24 | 72.2% | 21.5% | ||
| Q2 24 | 60.0% | -19.6% | ||
| Q1 24 | 71.2% | -17.9% |
| Q4 25 | 2.4% | 0.0% | ||
| Q3 25 | 1.7% | 0.1% | ||
| Q2 25 | 0.2% | 0.2% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 2.1% | 0.0% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.3% | 0.2% | ||
| Q1 24 | 1.5% | 0.2% |
| Q4 25 | 5.52× | -10.19× | ||
| Q3 25 | 1.31× | 2.95× | ||
| Q2 25 | 0.97× | 0.48× | ||
| Q1 25 | 1.26× | -0.63× | ||
| Q4 24 | 5.13× | -27.27× | ||
| Q3 24 | 1.30× | 1.46× | ||
| Q2 24 | 0.93× | -1.59× | ||
| Q1 24 | 1.19× | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESNT
| Mortgage Insurance Segment | $192.4M | 62% |
| Other | $120.0M | 38% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
