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Side-by-side financial comparison of Essent Group Ltd. (ESNT) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Essent Group Ltd. is the larger business by last-quarter revenue ($312.4M vs $219.1M, roughly 1.4× Iridium Communications Inc.). Essent Group Ltd. runs the higher net margin — 49.6% vs 9.9%, a 39.8% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -0.8%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% 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.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
ESNT vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $312.4M | $219.1M |
| Net Profit | $155.0M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 59.1% | 23.2% |
| Net Margin | 49.6% | 9.9% |
| Revenue YoY | -0.8% | 1.9% |
| Net Profit YoY | -7.7% | — |
| EPS (diluted) | $1.61 | — |
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.
| Q1 26 | — | $219.1M | ||
| Q4 25 | $312.4M | $212.9M | ||
| Q3 25 | $311.8M | $226.9M | ||
| Q2 25 | $319.1M | $216.9M | ||
| Q1 25 | $317.6M | $214.9M | ||
| Q4 24 | $315.0M | $213.0M | ||
| Q3 24 | $316.6M | $212.8M | ||
| Q2 24 | $312.9M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $155.0M | $24.9M | ||
| Q3 25 | $164.2M | $37.1M | ||
| Q2 25 | $195.3M | $22.0M | ||
| Q1 25 | $175.4M | $30.4M | ||
| Q4 24 | $167.9M | $36.3M | ||
| Q3 24 | $176.2M | $24.4M | ||
| Q2 24 | $203.6M | $32.3M |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 59.1% | 25.9% | ||
| Q3 25 | 63.9% | 30.9% | ||
| Q2 25 | 72.4% | 23.2% | ||
| Q1 25 | 65.2% | 28.1% | ||
| Q4 24 | 61.9% | 24.5% | ||
| Q3 24 | 65.6% | 25.8% | ||
| Q2 24 | 76.4% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 49.6% | 11.7% | ||
| Q3 25 | 52.7% | 16.4% | ||
| Q2 25 | 61.2% | 10.1% | ||
| Q1 25 | 55.2% | 14.2% | ||
| Q4 24 | 53.3% | 17.1% | ||
| Q3 24 | 55.6% | 11.5% | ||
| Q2 24 | 65.1% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $1.61 | $0.24 | ||
| Q3 25 | $1.67 | $0.35 | ||
| Q2 25 | $1.93 | $0.20 | ||
| Q1 25 | $1.69 | $0.27 | ||
| Q4 24 | $1.59 | $0.30 | ||
| Q3 24 | $1.65 | $0.21 | ||
| Q2 24 | $1.91 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.8B | — |
| Total Assets | $7.4B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $96.5M | ||
| Q3 25 | — | $88.5M | ||
| Q2 25 | — | $79.3M | ||
| Q1 25 | — | $50.9M | ||
| Q4 24 | — | $93.5M | ||
| Q3 24 | — | $159.6M | ||
| Q2 24 | — | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $5.8B | $462.6M | ||
| Q3 25 | $5.7B | $450.5M | ||
| Q2 25 | $5.7B | $473.6M | ||
| Q1 25 | $5.7B | $518.4M | ||
| Q4 24 | $5.6B | $576.6M | ||
| Q3 24 | $5.6B | $663.8M | ||
| Q2 24 | $5.4B | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $7.4B | $2.5B | ||
| Q3 25 | $7.4B | $2.6B | ||
| Q2 25 | $7.2B | $2.6B | ||
| Q1 25 | $7.2B | $2.6B | ||
| Q4 24 | $7.1B | $2.7B | ||
| Q3 24 | $7.1B | $2.8B | ||
| Q2 24 | $6.7B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $856.1M | — |
| Free Cash FlowOCF − Capex | $848.7M | — |
| FCF MarginFCF / Revenue | 271.7% | — |
| Capex IntensityCapex / Revenue | 2.4% | 13.7% |
| Cash ConversionOCF / Net Profit | 5.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $856.1M | $108.6M | ||
| Q3 25 | $215.9M | $100.8M | ||
| Q2 25 | $189.5M | $129.6M | ||
| Q1 25 | $221.6M | $61.1M | ||
| Q4 24 | $861.5M | $104.8M | ||
| Q3 24 | $229.2M | $118.6M | ||
| Q2 24 | $188.7M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $848.7M | $75.1M | ||
| Q3 25 | $210.6M | $79.2M | ||
| Q2 25 | $188.8M | $108.9M | ||
| Q1 25 | $221.3M | $36.5M | ||
| Q4 24 | $854.8M | $80.5M | ||
| Q3 24 | $228.7M | $100.0M | ||
| Q2 24 | $187.6M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 271.7% | 35.3% | ||
| Q3 25 | 67.5% | 34.9% | ||
| Q2 25 | 59.2% | 50.2% | ||
| Q1 25 | 69.7% | 17.0% | ||
| Q4 24 | 271.3% | 37.8% | ||
| Q3 24 | 72.2% | 47.0% | ||
| Q2 24 | 60.0% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 2.4% | 15.7% | ||
| Q3 25 | 1.7% | 9.5% | ||
| Q2 25 | 0.2% | 9.5% | ||
| Q1 25 | 0.1% | 11.4% | ||
| Q4 24 | 2.1% | 11.4% | ||
| Q3 24 | 0.2% | 8.7% | ||
| Q2 24 | 0.3% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 5.52× | 4.37× | ||
| Q3 25 | 1.31× | 2.71× | ||
| Q2 25 | 0.97× | 5.90× | ||
| Q1 25 | 1.26× | 2.01× | ||
| Q4 24 | 5.13× | 2.88× | ||
| Q3 24 | 1.30× | 4.85× | ||
| Q2 24 | 0.93× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
