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Side-by-side financial comparison of Essent Group Ltd. (ESNT) and TREX CO INC (TREX). Click either name above to swap in a different company.
TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $312.4M, roughly 1.1× Essent Group Ltd.). Essent Group Ltd. runs the higher net margin — 49.6% vs 17.9%, a 31.7% gap on every dollar of revenue. On growth, TREX CO INC posted the faster year-over-year revenue change (1.0% vs -0.8%). Essent Group Ltd. produced more free cash flow last quarter ($848.7M vs $-143.4M). Over the past eight quarters, Essent Group Ltd.'s revenue compounded faster (2.3% CAGR vs -4.5%).
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.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
ESNT vs TREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $312.4M | $343.4M |
| Net Profit | $155.0M | $61.4M |
| Gross Margin | — | 40.5% |
| Operating Margin | 59.1% | 24.3% |
| Net Margin | 49.6% | 17.9% |
| Revenue YoY | -0.8% | 1.0% |
| Net Profit YoY | -7.7% | 1.6% |
| EPS (diluted) | $1.61 | $0.58 |
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 | — | $343.4M | ||
| Q4 25 | $312.4M | $161.1M | ||
| Q3 25 | $311.8M | $285.3M | ||
| Q2 25 | $319.1M | $387.8M | ||
| Q1 25 | $317.6M | $340.0M | ||
| Q4 24 | $315.0M | $167.6M | ||
| Q3 24 | $316.6M | $233.7M | ||
| Q2 24 | $312.9M | $376.5M |
| Q1 26 | — | $61.4M | ||
| Q4 25 | $155.0M | $2.3M | ||
| Q3 25 | $164.2M | $51.8M | ||
| Q2 25 | $195.3M | $75.9M | ||
| Q1 25 | $175.4M | $60.4M | ||
| Q4 24 | $167.9M | $9.8M | ||
| Q3 24 | $176.2M | $40.6M | ||
| Q2 24 | $203.6M | $87.0M |
| Q1 26 | — | 40.5% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 40.5% | ||
| Q2 25 | — | 40.8% | ||
| Q1 25 | — | 40.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 44.7% |
| Q1 26 | — | 24.3% | ||
| Q4 25 | 59.1% | 2.2% | ||
| Q3 25 | 63.9% | 24.7% | ||
| Q2 25 | 72.4% | 26.4% | ||
| Q1 25 | 65.2% | 24.0% | ||
| Q4 24 | 61.9% | 9.2% | ||
| Q3 24 | 65.6% | 23.2% | ||
| Q2 24 | 76.4% | 31.1% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | 49.6% | 1.4% | ||
| Q3 25 | 52.7% | 18.1% | ||
| Q2 25 | 61.2% | 19.6% | ||
| Q1 25 | 55.2% | 17.8% | ||
| Q4 24 | 53.3% | 5.8% | ||
| Q3 24 | 55.6% | 17.4% | ||
| Q2 24 | 65.1% | 23.1% |
| Q1 26 | — | $0.58 | ||
| Q4 25 | $1.61 | $0.03 | ||
| Q3 25 | $1.67 | $0.48 | ||
| Q2 25 | $1.93 | $0.71 | ||
| Q1 25 | $1.69 | $0.56 | ||
| Q4 24 | $1.59 | $0.10 | ||
| Q3 24 | $1.65 | $0.37 | ||
| Q2 24 | $1.91 | $0.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.8B | $995.8M |
| Total Assets | $7.4B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.5M | ||
| Q4 25 | — | $3.8M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | — | $5.5M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | — | $12.8M | ||
| Q2 24 | — | $1.2M |
| Q1 26 | — | $995.8M | ||
| Q4 25 | $5.8B | $1.0B | ||
| Q3 25 | $5.7B | $1.0B | ||
| Q2 25 | $5.7B | $989.3M | ||
| Q1 25 | $5.7B | $910.1M | ||
| Q4 24 | $5.6B | $850.1M | ||
| Q3 24 | $5.6B | $887.9M | ||
| Q2 24 | $5.4B | $894.9M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $7.4B | $1.5B | ||
| Q3 25 | $7.4B | $1.5B | ||
| Q2 25 | $7.2B | $1.5B | ||
| Q1 25 | $7.2B | $1.6B | ||
| Q4 24 | $7.1B | $1.3B | ||
| Q3 24 | $7.1B | $1.3B | ||
| Q2 24 | $6.7B | $1.3B |
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 | $-118.4M |
| Free Cash FlowOCF − Capex | $848.7M | $-143.4M |
| FCF MarginFCF / Revenue | 271.7% | -41.8% |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | 5.52× | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | $856.1M | $65.5M | ||
| Q3 25 | $215.9M | $196.9M | ||
| Q2 25 | $189.5M | $249.8M | ||
| Q1 25 | $221.6M | $-154.0M | ||
| Q4 24 | $861.5M | $-8.5M | ||
| Q3 24 | $229.2M | $132.8M | ||
| Q2 24 | $188.7M | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | $848.7M | $22.1M | ||
| Q3 25 | $210.6M | $142.9M | ||
| Q2 25 | $188.8M | $203.0M | ||
| Q1 25 | $221.3M | $-233.5M | ||
| Q4 24 | $854.8M | $-89.3M | ||
| Q3 24 | $228.7M | $54.5M | ||
| Q2 24 | $187.6M | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | 271.7% | 13.7% | ||
| Q3 25 | 67.5% | 50.1% | ||
| Q2 25 | 59.2% | 52.3% | ||
| Q1 25 | 69.7% | -68.7% | ||
| Q4 24 | 271.3% | -53.3% | ||
| Q3 24 | 72.2% | 23.3% | ||
| Q2 24 | 60.0% | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 26.9% | ||
| Q3 25 | 1.7% | 18.9% | ||
| Q2 25 | 0.2% | 12.1% | ||
| Q1 25 | 0.1% | 23.4% | ||
| Q4 24 | 2.1% | 48.2% | ||
| Q3 24 | 0.2% | 33.5% | ||
| Q2 24 | 0.3% | 9.4% |
| Q1 26 | — | -1.93× | ||
| Q4 25 | 5.52× | 28.45× | ||
| Q3 25 | 1.31× | 3.80× | ||
| Q2 25 | 0.97× | 3.29× | ||
| Q1 25 | 1.26× | -2.55× | ||
| Q4 24 | 5.13× | -0.87× | ||
| Q3 24 | 1.30× | 3.27× | ||
| Q2 24 | 0.93× | 2.23× |
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% |
TREX
Segment breakdown not available.
