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Essent vs Radian: revenue, profit, margins and growth compared

Essent brought in $1.3B of revenue in fiscal 2025, Radian $1.2B in fiscal 2025. Revenue changed by +1.5% at Essent and -0.8% at Radian on the year before, so Essent grew faster. Essent kept 54.7% of its revenue as net profit, Radian 48.7%. Free cash flow was $848.7M at Essent and $115.7M at Radian.

Side by side, latest fiscal year

ESNTRDN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.3B$1.2B
Revenue growth+1.5%-0.8%
Net income$690M$582.6M
Net margin54.7%48.7%
Free cash flow$848.7M$115.7M
Free cash flow margin67.3%9.7%
Earnings per share (diluted)$6.90$4.14
Cash$123M$24.8M
Debtn/a$1.1B
Price to earnings9.28.0
Market value$5.7B$4.4B
Dividend yield1.95%3.09%
Rank by revenue in sector#172 of 444 · Finance#179 of 444 · Finance

Over the years

Revenue
ESNT FY2018: $719.4MESNT FY2019: $867.6MESNT FY2020: $955.2MESNT FY2021: $1BESNT FY2022: $1BESNT FY2023: $1.1BESNT FY2024: $1.2BESNT FY2025: $1.3BRDN FY2018: $1.3BRDN FY2019: $1.5BRDN FY2020: $1.4BRDN FY2021: $1.3BRDN FY2022: $1.2BRDN FY2023: $1.2BRDN FY2024: $1.2BRDN FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
ESNT $1.3BRDN $1.2B
Net income
ESNT FY2018: $467.4MESNT FY2019: $555.7MESNT FY2020: $413MESNT FY2021: $681.8MESNT FY2022: $831.4MESNT FY2023: $696.4MESNT FY2024: $729.4MESNT FY2025: $690MRDN FY2018: $606MRDN FY2019: $672.3MRDN FY2020: $393.6MRDN FY2021: $600.7MRDN FY2022: $742.9MRDN FY2023: $603.1MRDN FY2024: $604.4MRDN FY2025: $582.6MFY18FY19FY20FY21FY22FY23FY24FY25
ESNT $690MRDN $582.6M
Net margin
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%RDN FY2018: 47.6%RDN FY2019: 44.0%RDN FY2020: 27.4%RDN FY2021: 45.2%RDN FY2022: 62.4%RDN FY2023: 51.2%RDN FY2024: 50.1%RDN FY2025: 48.7%FY18FY19FY20FY21FY22FY23FY24FY25
ESNT 54.7%RDN 48.7%
Revenue growth
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%RDN FY2019: +19.9%RDN FY2020: -5.8%RDN FY2021: -7.6%RDN FY2022: -10.5%RDN FY2023: -1.1%RDN FY2024: +2.5%RDN FY2025: -0.8%FY19FY20FY21FY22FY23FY24FY25
ESNT +1.5%RDN -0.8%
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: $848.7MRDN FY2021: $544.5MRDN FY2022: $370.6MRDN FY2023: $520.9MRDN FY2024: -$665.1MRDN FY2025: $115.7MFY18FY19FY20FY21FY22FY23FY24FY25
ESNT $848.7MRDN $115.7M

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

Questions about Essent and Radian

Which is bigger by revenue, Essent or Radian?

Essent is bigger by revenue: $1.3B in fiscal 2025, against $1.2B for Radian in fiscal 2025.

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

Essent had a net margin of 54.7% in fiscal 2025; Radian had 48.7% in fiscal 2025.

Which grew revenue faster, Essent or Radian?

In their latest fiscal years revenue changed by +1.5% at Essent and -0.8% at Radian.

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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