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Side-by-side financial comparison of Essent Group Ltd. (ESNT) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.

Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $312.4M, roughly 1.1× Essent Group Ltd.). Essent Group Ltd. runs the higher net margin — 49.6% vs 38.6%, a 11.0% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -0.8%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 2.3%).

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.

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

ESNT vs FRT — Head-to-Head

Bigger by revenue
FRT
FRT
1.1× larger
FRT
$336.0M
$312.4M
ESNT
Growing faster (revenue YoY)
FRT
FRT
+9.5% gap
FRT
8.7%
-0.8%
ESNT
Higher net margin
ESNT
ESNT
11.0% more per $
ESNT
49.6%
38.6%
FRT
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
2.3%
ESNT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ESNT
ESNT
FRT
FRT
Revenue
$312.4M
$336.0M
Net Profit
$155.0M
$129.7M
Gross Margin
Operating Margin
59.1%
53.8%
Net Margin
49.6%
38.6%
Revenue YoY
-0.8%
8.7%
Net Profit YoY
-7.7%
103.5%
EPS (diluted)
$1.61
$1.49

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.

Revenue
ESNT
ESNT
FRT
FRT
Q1 26
$336.0M
Q4 25
$312.4M
$336.0M
Q3 25
$311.8M
$322.3M
Q2 25
$319.1M
$311.5M
Q1 25
$317.6M
$309.2M
Q4 24
$315.0M
$311.4M
Q3 24
$316.6M
$303.6M
Q2 24
$312.9M
$296.1M
Net Profit
ESNT
ESNT
FRT
FRT
Q1 26
$129.7M
Q4 25
$155.0M
$129.7M
Q3 25
$164.2M
$61.6M
Q2 25
$195.3M
$155.9M
Q1 25
$175.4M
$63.8M
Q4 24
$167.9M
$65.5M
Q3 24
$176.2M
$61.0M
Q2 24
$203.6M
$112.0M
Operating Margin
ESNT
ESNT
FRT
FRT
Q1 26
53.8%
Q4 25
59.1%
53.8%
Q3 25
63.9%
34.3%
Q2 25
72.4%
65.1%
Q1 25
65.2%
35.0%
Q4 24
61.9%
35.1%
Q3 24
65.6%
34.9%
Q2 24
76.4%
53.0%
Net Margin
ESNT
ESNT
FRT
FRT
Q1 26
38.6%
Q4 25
49.6%
38.6%
Q3 25
52.7%
19.1%
Q2 25
61.2%
50.0%
Q1 25
55.2%
20.6%
Q4 24
53.3%
21.0%
Q3 24
55.6%
20.1%
Q2 24
65.1%
37.8%
EPS (diluted)
ESNT
ESNT
FRT
FRT
Q1 26
$1.49
Q4 25
$1.61
$1.49
Q3 25
$1.67
$0.69
Q2 25
$1.93
$1.78
Q1 25
$1.69
$0.72
Q4 24
$1.59
$0.74
Q3 24
$1.65
$0.70
Q2 24
$1.91
$1.32

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ESNT
ESNT
FRT
FRT
Cash + ST InvestmentsLiquidity on hand
$107.4M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$5.8B
$3.2B
Total Assets
$7.4B
$9.1B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESNT
ESNT
FRT
FRT
Q1 26
$107.4M
Q4 25
$107.4M
Q3 25
$111.3M
Q2 25
$177.0M
Q1 25
$109.2M
Q4 24
$123.4M
Q3 24
$97.0M
Q2 24
$103.2M
Total Debt
ESNT
ESNT
FRT
FRT
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Stockholders' Equity
ESNT
ESNT
FRT
FRT
Q1 26
$3.2B
Q4 25
$5.8B
$3.2B
Q3 25
$5.7B
$3.2B
Q2 25
$5.7B
$3.2B
Q1 25
$5.7B
$3.2B
Q4 24
$5.6B
$3.2B
Q3 24
$5.6B
$3.1B
Q2 24
$5.4B
$3.0B
Total Assets
ESNT
ESNT
FRT
FRT
Q1 26
$9.1B
Q4 25
$7.4B
$9.1B
Q3 25
$7.4B
$8.9B
Q2 25
$7.2B
$8.6B
Q1 25
$7.2B
$8.6B
Q4 24
$7.1B
$8.5B
Q3 24
$7.1B
$8.5B
Q2 24
$6.7B
$8.4B
Debt / Equity
ESNT
ESNT
FRT
FRT
Q1 26
1.53×
Q4 25
1.53×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ESNT
ESNT
FRT
FRT
Operating Cash FlowLast quarter
$856.1M
Free Cash FlowOCF − Capex
$848.7M
FCF MarginFCF / Revenue
271.7%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
5.52×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESNT
ESNT
FRT
FRT
Q1 26
Q4 25
$856.1M
$622.4M
Q3 25
$215.9M
$147.8M
Q2 25
$189.5M
$150.7M
Q1 25
$221.6M
$179.0M
Q4 24
$861.5M
$574.6M
Q3 24
$229.2M
$144.1M
Q2 24
$188.7M
$169.7M
Free Cash Flow
ESNT
ESNT
FRT
FRT
Q1 26
Q4 25
$848.7M
Q3 25
$210.6M
Q2 25
$188.8M
Q1 25
$221.3M
Q4 24
$854.8M
Q3 24
$228.7M
Q2 24
$187.6M
FCF Margin
ESNT
ESNT
FRT
FRT
Q1 26
Q4 25
271.7%
Q3 25
67.5%
Q2 25
59.2%
Q1 25
69.7%
Q4 24
271.3%
Q3 24
72.2%
Q2 24
60.0%
Capex Intensity
ESNT
ESNT
FRT
FRT
Q1 26
Q4 25
2.4%
Q3 25
1.7%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
2.1%
Q3 24
0.2%
Q2 24
0.3%
Cash Conversion
ESNT
ESNT
FRT
FRT
Q1 26
Q4 25
5.52×
4.80×
Q3 25
1.31×
2.40×
Q2 25
0.97×
0.97×
Q1 25
1.26×
2.81×
Q4 24
5.13×
8.77×
Q3 24
1.30×
2.36×
Q2 24
0.93×
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ESNT
ESNT

Mortgage Insurance Segment$192.4M62%
Other$120.0M38%

FRT
FRT

Segment breakdown not available.

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