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Side-by-side financial comparison of Enact Holdings, Inc. (ACT) and BEL FUSE INC (BELFA). Click either name above to swap in a different company.

Enact Holdings, Inc. is the larger business by last-quarter revenue ($312.7M vs $178.5M, roughly 1.8× BEL FUSE INC). On growth, BEL FUSE INC posted the faster year-over-year revenue change (17.2% vs 3.6%). Over the past eight quarters, BEL FUSE INC's revenue compounded faster (15.8% CAGR vs 3.6%).

Enact Holdings, Inc. is a leading U.S.-based private mortgage insurance provider. It delivers risk mitigation solutions to residential mortgage lenders, banks, and credit unions, enabling borrowers with smaller down payments to access affordable home financing, and supports sustainable homeownership for diverse consumer groups across the United States.

Bel Fuse Inc. is a global manufacturer of electronic components, offering interconnect solutions, magnetics, and circuit protection products for industries including automotive, data communications, aerospace, industrial, and consumer electronics. It serves original equipment manufacturers and contract manufacturers across North America, Europe, and Asia, prioritizing high-performance, reliable components for cutting-edge technology applications.

ACT vs BELFA — Head-to-Head

Bigger by revenue
ACT
ACT
1.8× larger
ACT
$312.7M
$178.5M
BELFA
Growing faster (revenue YoY)
BELFA
BELFA
+13.6% gap
BELFA
17.2%
3.6%
ACT
Faster 2-yr revenue CAGR
BELFA
BELFA
Annualised
BELFA
15.8%
3.6%
ACT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ACT
ACT
BELFA
BELFA
Revenue
$312.7M
$178.5M
Net Profit
$15.0M
Gross Margin
39.0%
Operating Margin
71.3%
13.3%
Net Margin
8.4%
Revenue YoY
3.6%
17.2%
Net Profit YoY
-18.2%
EPS (diluted)
$1.23

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.

Revenue
ACT
ACT
BELFA
BELFA
Q1 26
$178.5M
Q4 25
$312.7M
$175.9M
Q3 25
$311.5M
$179.0M
Q2 25
$304.9M
$168.3M
Q1 25
$306.8M
$152.2M
Q4 24
$301.8M
$149.9M
Q3 24
$309.6M
$123.6M
Q2 24
$298.8M
$133.2M
Net Profit
ACT
ACT
BELFA
BELFA
Q1 26
$15.0M
Q4 25
$6.4M
Q3 25
$22.6M
Q2 25
$26.8M
Q1 25
$17.9M
Q4 24
$6.4M
Q3 24
$8.1M
Q2 24
$18.8M
Gross Margin
ACT
ACT
BELFA
BELFA
Q1 26
39.0%
Q4 25
39.4%
Q3 25
39.7%
Q2 25
38.7%
Q1 25
38.6%
Q4 24
37.5%
Q3 24
36.1%
Q2 24
40.1%
Operating Margin
ACT
ACT
BELFA
BELFA
Q1 26
13.3%
Q4 25
71.3%
14.7%
Q3 25
67.4%
16.9%
Q2 25
70.4%
17.7%
Q1 25
68.9%
16.4%
Q4 24
68.9%
8.3%
Q3 24
74.1%
9.3%
Q2 24
78.6%
17.0%
Net Margin
ACT
ACT
BELFA
BELFA
Q1 26
8.4%
Q4 25
3.7%
Q3 25
12.6%
Q2 25
15.9%
Q1 25
11.7%
Q4 24
4.3%
Q3 24
6.5%
Q2 24
14.1%
EPS (diluted)
ACT
ACT
BELFA
BELFA
Q1 26
Q4 25
$1.23
Q3 25
$1.10
Q2 25
$1.11
Q1 25
$1.08
Q4 24
$1.05
Q3 24
$1.15
Q2 24
$1.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACT
ACT
BELFA
BELFA
Cash + ST InvestmentsLiquidity on hand
$582.5M
$59.4M
Total DebtLower is stronger
$744.5M
$204.5M
Stockholders' EquityBook value
$5.4B
$438.9M
Total Assets
$6.9B
$951.9M
Debt / EquityLower = less leverage
0.14×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACT
ACT
BELFA
BELFA
Q1 26
$59.4M
Q4 25
$582.5M
$57.8M
Q3 25
$545.6M
$57.7M
Q2 25
$616.0M
$59.3M
Q1 25
$639.0M
$65.9M
Q4 24
$602.8M
$68.3M
Q3 24
$674.9M
$134.3M
Q2 24
$711.3M
$85.0M
Total Debt
ACT
ACT
BELFA
BELFA
Q1 26
$204.5M
Q4 25
$744.5M
$197.5M
Q3 25
$744.1M
Q2 25
$743.8M
Q1 25
$743.4M
Q4 24
$743.0M
$287.5M
Q3 24
$742.7M
Q2 24
$742.4M
Stockholders' Equity
ACT
ACT
BELFA
BELFA
Q1 26
$438.9M
Q4 25
$5.4B
$425.5M
Q3 25
$5.3B
$427.8M
Q2 25
$5.2B
$404.7M
Q1 25
$5.1B
$376.9M
Q4 24
$5.0B
$360.6M
Q3 24
$5.0B
$367.4M
Q2 24
$4.8B
$356.4M
Total Assets
ACT
ACT
BELFA
BELFA
Q1 26
$951.9M
Q4 25
$6.9B
$935.2M
Q3 25
$6.9B
$952.8M
Q2 25
$6.8B
$950.6M
Q1 25
$6.7B
$940.5M
Q4 24
$6.5B
$949.8M
Q3 24
$6.6B
$584.4M
Q2 24
$6.3B
$567.6M
Debt / Equity
ACT
ACT
BELFA
BELFA
Q1 26
0.47×
Q4 25
0.14×
0.46×
Q3 25
0.14×
Q2 25
0.14×
Q1 25
0.15×
Q4 24
0.15×
0.80×
Q3 24
0.15×
Q2 24
0.15×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACT
ACT
BELFA
BELFA
Operating Cash FlowLast quarter
$724.5M
$13.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACT
ACT
BELFA
BELFA
Q1 26
$13.8M
Q4 25
$724.5M
$29.6M
Q3 25
$192.0M
$22.2M
Q2 25
$119.5M
$20.7M
Q1 25
$226.7M
$8.1M
Q4 24
$686.3M
$8.3M
Q3 24
$188.1M
$27.4M
Q2 24
$144.7M
$32.2M
Free Cash Flow
ACT
ACT
BELFA
BELFA
Q1 26
Q4 25
$26.1M
Q3 25
$20.3M
Q2 25
$16.8M
Q1 25
$5.4M
Q4 24
$2.1M
Q3 24
$23.7M
Q2 24
$30.8M
FCF Margin
ACT
ACT
BELFA
BELFA
Q1 26
Q4 25
14.9%
Q3 25
11.4%
Q2 25
10.0%
Q1 25
3.5%
Q4 24
1.4%
Q3 24
19.2%
Q2 24
23.2%
Capex Intensity
ACT
ACT
BELFA
BELFA
Q1 26
Q4 25
1.9%
Q3 25
1.0%
Q2 25
2.3%
Q1 25
1.8%
Q4 24
4.1%
Q3 24
2.9%
Q2 24
1.0%
Cash Conversion
ACT
ACT
BELFA
BELFA
Q1 26
0.92×
Q4 25
4.59×
Q3 25
0.98×
Q2 25
0.77×
Q1 25
0.46×
Q4 24
1.30×
Q3 24
3.39×
Q2 24
1.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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