ESNT
Essent Group Ltd.
ESNT offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
JPM
JPMorgan Chase & Co.
JPM has the edge over ESNT overall, supported by stronger fundamentals and stronger modeled upside.
ESNT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
ESNT's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like ESNT.
JPM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
JPM's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like JPM.
ESNT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.7x | $41.50 | -36% |
| Fair | 8.4x | $61.43 | -5.3% |
| Forward | 8.6x | $64.89 | — |
| Current | 8.9x | $64.89 | — |
| Expensive | 9.5x | $69.56 | +7.2% |
Historical ranges are pointers, not guarantees.
ESNT's PE is in its fair range at 8.8x. If earnings grow as analysts expect, today's price would be 8.6x next year's earnings.
JPM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.7x | $231 | -33% |
| Fair | 12x | $287 | -16% |
| Current | 14x | $343 | — |
| Forward | 14x | $343 | — |
| Expensive | 15x | $361 | +5.2% |
Historical ranges are pointers, not guarantees.
JPM has the edge over ESNT in the historical PE scenario, which offers more potential upside but is not a forecast.
ESNT Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ESNT, but weaker profitability.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
JPM has the edge over ESNT on the outlook, with more favorable profitability expectations.
ESNT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.56 | +3.1% |
| Q3 2026 | $7.33 | +6.5% |
| Q2 2026 | $7.18 | +4.7% |
| Q1 2026 | $7.03 | +2.8% |
| Q4 2025 | $6.90 | +0.7% |
| Q3 2025 | $6.88 | -0.3% |
| Q2 2025 | $6.86 | -0.7% |
| Q1 2025 | $6.84 | +3.5% |
| Q4 2024 | $6.85 | +5.4% |
ESNT earned $7.33 per share over the past year, up 6.5% from the year before.
JPM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $24.99 | +4.8% |
| Q3 2026 | $23.85 | +18% |
| Q2 2026 | $23.35 | +20% |
| Q1 2026 | $20.89 | +2.5% |
| Q4 2025 | $20.02 | +1.4% |
| Q3 2025 | $20.20 | +12% |
| Q2 2025 | $19.50 | +8.7% |
| Q1 2025 | $20.38 | +23% |
| Q4 2024 | $19.75 | +22% |
JPM has the edge over ESNT on earnings, with more consistent year-over-year improvement.
ESNT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $374.2M | +20% |
| Q2 2026 | $362.7M | +14% |
| Q1 2026 | $336.1M | +5.8% |
| Q4 2025 | $312.4M | -0.8% |
| Q3 2025 | $311.8M | -1.5% |
| Q2 2025 | $319.1M | +2% |
| Q1 2025 | $317.6M | +6.4% |
| Q4 2024 | $315M | +6% |
ESNT's revenue is growing: $374M last quarter, up 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 53% | -11 points |
| Q2 2026 | 64% | -8.9 points |
| Q1 2026 | 62% | -3.7 points |
| Q4 2025 | 59% | -2.8 points |
| Q3 2025 | 64% | -1.7 points |
| Q2 2025 | 72% | -4 points |
| Q1 2025 | 65% | -6.5 points |
| Q4 2024 | 62% | -6.4 points |
ESNT has the edge over JPM on profitability, with a higher operating margin.
JPM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $50.2B | +8.1% |
| Q2 2026 | $57.3B | +28% |
| Q1 2026 | $49.8B | +10% |
| Q4 2025 | $45.8B | +7.1% |
| Q3 2025 | $46.4B | +8.8% |
| Q2 2025 | $44.9B | -11% |
| Q1 2025 | $45.3B | +8.1% |
| Q4 2024 | $42.8B | +11% |
JPM has the edge over ESNT on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | -0.2 points |
| Q2 2026 | 48% | +7.3 points |
| Q1 2026 | 41% | +0.5 points |
| Q4 2025 | 37% | -3.2 points |
| Q3 2025 | 40% | +0.6 points |
| Q2 2025 | 41% | -6 points |
| Q1 2025 | 41% | -0.6 points |
| Q4 2024 | 41% | +11 points |
JPM's operating margin was 40% last quarter, about level with the same quarter a year ago.
ESNT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $237.9M | +13% |
| Q2 2026 | $196.1M | +3.9% |
| Q1 2026 | $191.2M | -14% |
| Q4 2025 | $228M | +0.9% |
| Q3 2025 | $210.6M | -7.9% |
| Q2 2025 | $188.8M | +0.6% |
| Q1 2025 | $221.3M | +4.2% |
| Q4 2024 | $226M | +5.9% |
ESNT has the edge over JPM on cash generation, producing positive trailing cash flow while its opponent burns cash.
JPM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $33.2B | +$78.4B |
| Q2 2026 | -$25.3B | -186% |
| Q1 2026 | -$211.8B | +$40.1B |
| Q4 2025 | $119.7B | -19% |
| Q3 2025 | -$45.2B | +$28.9B |
| Q2 2025 | $29.5B | -23% |
| Q1 2025 | -$251.8B | -$97.7B |
| Q4 2024 | $147.8B | +145% |
JPM's free cash flow was −$84.2B over the past year, against −$120B the year before. Free cash flow isn't a meaningful measure for financial services companies like JPM.
ESNT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -1.6M shares |
| 1 year | -8.9% | -8.7M shares |
| 3 years | -16% | -17.3M shares |
| 5 years | -19% | -21.6M shares |
| Available history | -8.7% | -8.6M shares |
ESNT has the edge over JPM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $74.5M |
| Q2 2026 | $191.8M |
| Q1 2026 | $170.9M |
| Q4 2025 | $126.2M |
| Q3 2025 | $122.1M |
| Q2 2025 | $170.5M |
| Q1 2025 | $168.9M |
| Q4 2024 | $66.3M |
ESNT spent $563M buying back its own shares over the past year, up 6.7% from the year before.
JPM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -11.2M shares |
| 1 year | -3.1% | -84.6M shares |
| 3 years | -8.5% | -249M shares |
| 5 years | -11% | -322M shares |
| Available history | -17% | -547M shares |
JPM has 2.7B diluted shares, down 3.1% from a year ago, with $24.5B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.1B |
| Q2 2026 | $6.8B |
| Q1 2026 | $8.3B |
| Q4 2025 | $8.3B |
| Q3 2025 | $8.3B |
| Q2 2025 | $7.5B |
| Q1 2025 | $7.5B |
| Q4 2024 | $4.3B |
JPM spent $24.5B buying back its own shares over the past year, down 11% from the year before.
ESNT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.4x | Very low |
ESNT has the edge over JPM on leverage, with a lower net debt burden relative to earnings.
JPM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.4x | Very low |
JPM's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like JPM.
ESNT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.8 | Neutral |
| Stochastic | 55.2 | Neutral |
ESNT's weekly RSI is 51 (neutral) and its Stochastic is 55 (neutral).
JPM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.8 | Neutral |
| Stochastic | 31.5 | Neutral |
JPM's weekly RSI is 55 (neutral) and its Stochastic is 31 (neutral).
ESNT PE vs Financial Services Sector
| Metric | ESNT | Sector median | Relative |
|---|---|---|---|
| PE | 8.9x | 13x | 32% below |
| PE % | 64 | 63 | 1 pt above |
ESNT has the edge over JPM on valuation relative to its sector.
JPM PE vs Financial Services Sector
| Metric | JPM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 10% above |
| PE % | 76 | 63 | 13 pts above |
JPM is trading at 14x earnings, a 10% premium to the Financial Services sector's median of 13x.
ESNT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $64.2 | 1.1% above |
| 20 week MA | $66.0 | 1.7% below |
| 50 week MA | $63.2 | 2.7% above |
| 100 week MA | $60.9 | 6.5% above |
| 200 week MA | $56.4 | 15% above |
ESNT's trend is mixed: it's above four of its five weekly moving averages, and 15% above its 200-week average.
JPM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $336.8 | 1.8% above |
| 20 week MA | $345.3 | 0.7% below |
| 50 week MA | $323.2 | 6.1% above |
| 100 week MA | $298.9 | 15% above |
| 200 week MA | $236.6 | 45% above |
JPM's trend is mixed: it's above four of its five weekly moving averages, and 45% above its 200-week average.
ESNT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $52.3 | $43.9 | -16% |
| 2021 | $43.9 | $44.5 | +1.3% |
| 2022 | $44.5 | $39.0 | -12% |
| 2023 | $39.0 | $52.7 | +35% |
| 2024 | $52.7 | $54.1 | +2.5% |
| 2025 | $54.1 | $65.9 | +22% |
| 2026 YTD | $65.9 | $64.9 | -1.5% |
ESNT has finished higher in four of the last six years. It's down 1.5% so far in 2026.
JPM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $139.1 | $124.5 | -11% |
| 2021 | $124.5 | $157.3 | +26% |
| 2022 | $157.3 | $131.3 | -17% |
| 2023 | $131.3 | $170.1 | +30% |
| 2024 | $170.1 | $241.2 | +42% |
| 2025 | $241.2 | $327.9 | +36% |
| 2026 YTD | $327.9 | $342.8 | +4.5% |
JPM has the edge over ESNT on returns for 2026, with the stronger performance.