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Assured Guaranty vs Essent: revenue, profit, margins and growth compared

Assured Guaranty brought in $1.1B of revenue in fiscal 2025, Essent $1.3B in fiscal 2025. Revenue changed by +27.3% at Assured Guaranty and +1.5% at Essent on the year before, so Assured Guaranty grew faster. Assured Guaranty kept 45.3% of its revenue as net profit, Essent 54.7%.

Side by side, latest fiscal year

AGOESNT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.1B$1.3B
Revenue growth+27.3%+1.5%
Net income$503M$690M
Net margin45.3%54.7%
Free cash flown/a$848.7M
Free cash flow marginn/a67.3%
Earnings per share (diluted)$10.26$6.90
Cash$419M$123M
Debt$1.7Bn/a
Price to earnings6.89.2
Market value$3.1B$5.7B
Dividend yield1.96%1.95%
Rank by revenue in sector#184 of 444 · Finance#172 of 444 · Finance

Over the years

Revenue
AGO FY2018: $1BAGO FY2019: $963MAGO FY2020: $1.1BAGO FY2021: $848MAGO FY2022: $723MAGO FY2023: $1.4BAGO FY2024: $872MAGO FY2025: $1.1BESNT FY2018: $719.4MESNT FY2019: $867.6MESNT FY2020: $955.2MESNT FY2021: $1BESNT FY2022: $1BESNT FY2023: $1.1BESNT FY2024: $1.2BESNT FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
AGO $1.1BESNT $1.3B
Net income
AGO FY2018: $521MAGO FY2019: $402MAGO FY2020: $362MAGO FY2021: $389MAGO FY2022: $124MAGO FY2023: $739MAGO FY2024: $376MAGO FY2025: $503MESNT FY2018: $467.4MESNT FY2019: $555.7MESNT FY2020: $413MESNT FY2021: $681.8MESNT FY2022: $831.4MESNT FY2023: $696.4MESNT FY2024: $729.4MESNT FY2025: $690MFY18FY19FY20FY21FY22FY23FY24FY25
AGO $503MESNT $690M
Net margin
AGO FY2018: 52.0%AGO FY2019: 41.7%AGO FY2020: 32.5%AGO FY2021: 45.9%AGO FY2022: 17.2%AGO FY2023: 53.8%AGO FY2024: 43.1%AGO FY2025: 45.3%ESNT FY2018: 65.0%ESNT FY2019: 64.1%ESNT FY2020: 43.2%ESNT FY2021: 66.3%ESNT FY2022: 83.1%ESNT FY2023: 62.8%ESNT FY2024: 58.7%ESNT FY2025: 54.7%FY18FY19FY20FY21FY22FY23FY24FY25
AGO 45.3%ESNT 54.7%
Revenue growth
AGO FY2019: -3.8%AGO FY2020: +15.8%AGO FY2021: -23.9%AGO FY2022: -14.7%AGO FY2023: +89.9%AGO FY2024: -36.5%AGO FY2025: +27.3%ESNT FY2019: +20.6%ESNT FY2020: +10.1%ESNT FY2021: +7.7%ESNT FY2022: -2.7%ESNT FY2023: +10.9%ESNT FY2024: +12.0%ESNT FY2025: +1.5%FY19FY20FY21FY22FY23FY24FY25
AGO +27.3%ESNT +1.5%
Free cash flow
ESNT FY2018: $621.3MESNT FY2019: $586.4MESNT FY2020: $725.5MESNT FY2021: $706.8MESNT FY2022: $584.8MESNT FY2023: $759MESNT FY2024: $854.8MESNT FY2025: $848.7MFY18FY19FY20FY21FY22FY23FY24FY25
AGOESNT $848.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Assured Guaranty and Essent

Which is bigger by revenue, Assured Guaranty or Essent?

Essent is bigger by revenue: $1.3B in fiscal 2025, against $1.1B for Assured Guaranty in fiscal 2025.

Which keeps more of its revenue as profit, Assured Guaranty or Essent?

Assured Guaranty had a net margin of 45.3% in fiscal 2025; Essent had 54.7% in fiscal 2025.

Which grew revenue faster, Assured Guaranty or Essent?

In their latest fiscal years revenue changed by +27.3% at Assured Guaranty and +1.5% at Essent.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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