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Side-by-side financial comparison of Essent Group Ltd. (ESNT) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $312.4M, roughly 1.4× Essent Group Ltd.). Essent Group Ltd. runs the higher net margin — 49.6% vs 7.6%, a 42.0% gap on every dollar of revenue. On growth, Essent Group Ltd. posted the faster year-over-year revenue change (-0.8% vs -9.6%). Essent Group Ltd. produced more free cash flow last quarter ($848.7M vs $206.5M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
ESNT vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $312.4M | $430.0M |
| Net Profit | $155.0M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | 59.1% | 8.6% |
| Net Margin | 49.6% | 7.6% |
| Revenue YoY | -0.8% | -9.6% |
| Net Profit YoY | -7.7% | — |
| EPS (diluted) | $1.61 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $312.4M | $504.3M | ||
| Q3 25 | $311.8M | $381.4M | ||
| Q2 25 | $319.1M | $384.5M | ||
| Q1 25 | $317.6M | $475.6M | ||
| Q4 24 | $315.0M | $490.8M | ||
| Q3 24 | $316.6M | $325.1M | ||
| Q2 24 | $312.9M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $155.0M | $234.6M | ||
| Q3 25 | $164.2M | $43.4M | ||
| Q2 25 | $195.3M | $30.1M | ||
| Q1 25 | $175.4M | $85.4M | ||
| Q4 24 | $167.9M | $119.1M | ||
| Q3 24 | $176.2M | $-14.4M | ||
| Q2 24 | $203.6M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 59.1% | 20.7% | ||
| Q3 25 | 63.9% | 3.8% | ||
| Q2 25 | 72.4% | 4.5% | ||
| Q1 25 | 65.2% | 26.7% | ||
| Q4 24 | 61.9% | 29.1% | ||
| Q3 24 | 65.6% | -3.6% | ||
| Q2 24 | 76.4% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 49.6% | 46.5% | ||
| Q3 25 | 52.7% | 11.4% | ||
| Q2 25 | 61.2% | 7.8% | ||
| Q1 25 | 55.2% | 18.0% | ||
| Q4 24 | 53.3% | 24.3% | ||
| Q3 24 | 55.6% | -4.4% | ||
| Q2 24 | 65.1% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $1.61 | $0.81 | ||
| Q3 25 | $1.67 | $0.24 | ||
| Q2 25 | $1.93 | $0.17 | ||
| Q1 25 | $1.69 | $0.91 | ||
| Q4 24 | $1.59 | $1.35 | ||
| Q3 24 | $1.65 | $-0.17 | ||
| Q2 24 | $1.91 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.8B | $705.9M |
| Total Assets | $7.4B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | — | $425.8M | ||
| Q3 25 | — | $351.4M | ||
| Q2 25 | — | $411.6M | ||
| Q1 25 | — | $371.7M | ||
| Q4 24 | — | $740.0M | ||
| Q3 24 | — | $703.0M | ||
| Q2 24 | — | $665.1M |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $5.8B | $787.4M | ||
| Q3 25 | $5.7B | $596.8M | ||
| Q2 25 | $5.7B | $624.5M | ||
| Q1 25 | $5.7B | $611.3M | ||
| Q4 24 | $5.6B | $585.5M | ||
| Q3 24 | $5.6B | $473.0M | ||
| Q2 24 | $5.4B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $7.4B | $1.6B | ||
| Q3 25 | $7.4B | $1.3B | ||
| Q2 25 | $7.2B | $1.3B | ||
| Q1 25 | $7.2B | $1.3B | ||
| Q4 24 | $7.1B | $1.8B | ||
| Q3 24 | $7.1B | $1.6B | ||
| Q2 24 | $6.7B | $1.5B |
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 | $206.5M |
| FCF MarginFCF / Revenue | 271.7% | 48.0% |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | 5.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $856.1M | $158.4M | ||
| Q3 25 | $215.9M | $56.3M | ||
| Q2 25 | $189.5M | $86.3M | ||
| Q1 25 | $221.6M | $204.2M | ||
| Q4 24 | $861.5M | $95.2M | ||
| Q3 24 | $229.2M | $30.5M | ||
| Q2 24 | $188.7M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $848.7M | $152.4M | ||
| Q3 25 | $210.6M | $51.8M | ||
| Q2 25 | $188.8M | $84.1M | ||
| Q1 25 | $221.3M | $202.3M | ||
| Q4 24 | $854.8M | $92.4M | ||
| Q3 24 | $228.7M | $27.4M | ||
| Q2 24 | $187.6M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 271.7% | 30.2% | ||
| Q3 25 | 67.5% | 13.6% | ||
| Q2 25 | 59.2% | 21.9% | ||
| Q1 25 | 69.7% | 42.5% | ||
| Q4 24 | 271.3% | 18.8% | ||
| Q3 24 | 72.2% | 8.4% | ||
| Q2 24 | 60.0% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 1.2% | ||
| Q3 25 | 1.7% | 1.2% | ||
| Q2 25 | 0.2% | 0.6% | ||
| Q1 25 | 0.1% | 0.4% | ||
| Q4 24 | 2.1% | 0.6% | ||
| Q3 24 | 0.2% | 0.9% | ||
| Q2 24 | 0.3% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 5.52× | 0.68× | ||
| Q3 25 | 1.31× | 1.30× | ||
| Q2 25 | 0.97× | 2.87× | ||
| Q1 25 | 1.26× | 2.39× | ||
| Q4 24 | 5.13× | 0.80× | ||
| Q3 24 | 1.30× | — | ||
| Q2 24 | 0.93× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
