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Side-by-side financial comparison of Essent Group Ltd. (ESNT) and H2O AMERICA (HTO). Click either name above to swap in a different company.
Essent Group Ltd. is the larger business by last-quarter revenue ($312.4M vs $199.4M, roughly 1.6× H2O AMERICA). Essent Group Ltd. runs the higher net margin — 49.6% vs 8.1%, a 41.5% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -0.8%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% 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.
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
ESNT vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $312.4M | $199.4M |
| Net Profit | $155.0M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 59.1% | 16.6% |
| Net Margin | 49.6% | 8.1% |
| Revenue YoY | -0.8% | 1.5% |
| Net Profit YoY | -7.7% | -29.2% |
| EPS (diluted) | $1.61 | $0.45 |
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 | $199.4M | ||
| Q3 25 | $311.8M | $243.5M | ||
| Q2 25 | $319.1M | $197.8M | ||
| Q1 25 | $317.6M | $164.9M | ||
| Q4 24 | $315.0M | $196.5M | ||
| Q3 24 | $316.6M | $216.7M | ||
| Q2 24 | $312.9M | $173.1M | ||
| Q1 24 | $298.4M | $150.0M |
| Q4 25 | $155.0M | $16.2M | ||
| Q3 25 | $164.2M | $45.1M | ||
| Q2 25 | $195.3M | $24.7M | ||
| Q1 25 | $175.4M | $16.6M | ||
| Q4 24 | $167.9M | $22.9M | ||
| Q3 24 | $176.2M | $38.7M | ||
| Q2 24 | $203.6M | $20.7M | ||
| Q1 24 | $181.7M | $11.7M |
| Q4 25 | 59.1% | 16.6% | ||
| Q3 25 | 63.9% | 26.5% | ||
| Q2 25 | 72.4% | 22.2% | ||
| Q1 25 | 65.2% | 21.8% | ||
| Q4 24 | 61.9% | 22.2% | ||
| Q3 24 | 65.6% | 26.9% | ||
| Q2 24 | 76.4% | 23.4% | ||
| Q1 24 | 71.6% | 18.6% |
| Q4 25 | 49.6% | 8.1% | ||
| Q3 25 | 52.7% | 18.5% | ||
| Q2 25 | 61.2% | 12.5% | ||
| Q1 25 | 55.2% | 10.0% | ||
| Q4 24 | 53.3% | 11.7% | ||
| Q3 24 | 55.6% | 17.8% | ||
| Q2 24 | 65.1% | 12.0% | ||
| Q1 24 | 60.9% | 7.8% |
| Q4 25 | $1.61 | $0.45 | ||
| Q3 25 | $1.67 | $1.27 | ||
| Q2 25 | $1.93 | $0.71 | ||
| Q1 25 | $1.69 | $0.49 | ||
| Q4 24 | $1.59 | $0.70 | ||
| Q3 24 | $1.65 | $1.17 | ||
| Q2 24 | $1.91 | $0.64 | ||
| Q1 24 | $1.70 | $0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $5.8B | $1.5B |
| Total Assets | $7.4B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $20.7M | ||
| Q3 25 | — | $11.3M | ||
| Q2 25 | — | $19.8M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $11.1M | ||
| Q3 24 | — | $4.0M | ||
| Q2 24 | — | $22.8M | ||
| Q1 24 | — | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $5.8B | $1.5B | ||
| Q3 25 | $5.7B | $1.5B | ||
| Q2 25 | $5.7B | $1.5B | ||
| Q1 25 | $5.7B | $1.4B | ||
| Q4 24 | $5.6B | $1.4B | ||
| Q3 24 | $5.6B | $1.3B | ||
| Q2 24 | $5.4B | $1.3B | ||
| Q1 24 | $5.2B | $1.2B |
| Q4 25 | $7.4B | $5.1B | ||
| Q3 25 | $7.4B | $5.0B | ||
| Q2 25 | $7.2B | $4.8B | ||
| Q1 25 | $7.2B | $4.7B | ||
| Q4 24 | $7.1B | $4.7B | ||
| Q3 24 | $7.1B | $4.6B | ||
| Q2 24 | $6.7B | $4.4B | ||
| Q1 24 | $6.6B | $4.4B |
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $63.5M |
| Free Cash FlowOCF − Capex | $848.7M | — |
| FCF MarginFCF / Revenue | 271.7% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | 5.52× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $856.1M | $63.5M | ||
| Q3 25 | $215.9M | $77.3M | ||
| Q2 25 | $189.5M | $60.8M | ||
| Q1 25 | $221.6M | $43.2M | ||
| Q4 24 | $861.5M | $41.5M | ||
| Q3 24 | $229.2M | $53.5M | ||
| Q2 24 | $188.7M | $49.3M | ||
| Q1 24 | $216.9M | $51.2M |
| 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 | — | ||
| Q1 24 | $212.5M | — |
| 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% | — | ||
| Q1 24 | 71.2% | — |
| 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% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | 5.52× | 3.92× | ||
| Q3 25 | 1.31× | 1.71× | ||
| Q2 25 | 0.97× | 2.47× | ||
| Q1 25 | 1.26× | 2.61× | ||
| Q4 24 | 5.13× | 1.81× | ||
| Q3 24 | 1.30× | 1.39× | ||
| Q2 24 | 0.93× | 2.38× | ||
| Q1 24 | 1.19× | 4.38× |
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% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
