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

Enact Holdings, Inc. is the larger business by last-quarter revenue ($312.7M vs $199.4M, roughly 1.6× Ecovyst Inc.). On growth, Ecovyst Inc. posted the faster year-over-year revenue change (34.0% vs 3.6%). Over the past eight quarters, Ecovyst Inc.'s revenue compounded faster (18.7% 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.

Ecovyst Inc. is a global sustainable specialty materials provider that develops and manufactures high-performance catalysts and functional additives. Its offerings serve key segments including industrial manufacturing, consumer goods, and environmental protection, helping clients improve operational efficiency and lower carbon emissions across North America, Europe, and Asia-Pacific markets.

ACT vs ECVT — Head-to-Head

Bigger by revenue
ACT
ACT
1.6× larger
ACT
$312.7M
$199.4M
ECVT
Growing faster (revenue YoY)
ECVT
ECVT
+30.3% gap
ECVT
34.0%
3.6%
ACT
Faster 2-yr revenue CAGR
ECVT
ECVT
Annualised
ECVT
18.7%
3.6%
ACT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACT
ACT
ECVT
ECVT
Revenue
$312.7M
$199.4M
Net Profit
Gross Margin
23.4%
Operating Margin
71.3%
10.9%
Net Margin
Revenue YoY
3.6%
34.0%
Net Profit YoY
EPS (diluted)
$1.23
$0.06

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
ECVT
ECVT
Q4 25
$312.7M
$199.4M
Q3 25
$311.5M
$204.9M
Q2 25
$304.9M
$176.1M
Q1 25
$306.8M
$143.1M
Q4 24
$301.8M
$148.9M
Q3 24
$309.6M
$153.9M
Q2 24
$298.8M
$154.0M
Q1 24
$291.6M
$141.6M
Net Profit
ACT
ACT
ECVT
ECVT
Q4 25
Q3 25
$-79.3M
Q2 25
$6.0M
Q1 25
$-3.6M
Q4 24
Q3 24
$14.3M
Q2 24
$8.3M
Q1 24
$1.2M
Gross Margin
ACT
ACT
ECVT
ECVT
Q4 25
23.4%
Q3 25
25.4%
Q2 25
22.8%
Q1 25
13.3%
Q4 24
28.9%
Q3 24
29.3%
Q2 24
27.3%
Q1 24
23.5%
Operating Margin
ACT
ACT
ECVT
ECVT
Q4 25
71.3%
10.9%
Q3 25
67.4%
13.8%
Q2 25
70.4%
9.0%
Q1 25
68.9%
-0.7%
Q4 24
68.9%
15.1%
Q3 24
74.1%
17.9%
Q2 24
78.6%
14.1%
Q1 24
70.6%
9.5%
Net Margin
ACT
ACT
ECVT
ECVT
Q4 25
Q3 25
-38.7%
Q2 25
3.4%
Q1 25
-2.5%
Q4 24
Q3 24
9.3%
Q2 24
5.4%
Q1 24
0.9%
EPS (diluted)
ACT
ACT
ECVT
ECVT
Q4 25
$1.23
$0.06
Q3 25
$1.10
$-0.69
Q2 25
$1.11
$0.05
Q1 25
$1.08
$-0.03
Q4 24
$1.05
$-0.26
Q3 24
$1.15
$0.12
Q2 24
$1.16
$0.07
Q1 24
$1.01
$0.01

Balance Sheet & Financial Strength

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

Metric
ACT
ACT
ECVT
ECVT
Cash + ST InvestmentsLiquidity on hand
$582.5M
$197.2M
Total DebtLower is stronger
$744.5M
$392.6M
Stockholders' EquityBook value
$5.4B
$603.4M
Total Assets
$6.9B
$1.3B
Debt / EquityLower = less leverage
0.14×
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACT
ACT
ECVT
ECVT
Q4 25
$582.5M
$197.2M
Q3 25
$545.6M
$82.0M
Q2 25
$616.0M
$69.6M
Q1 25
$639.0M
$127.5M
Q4 24
$602.8M
$131.4M
Q3 24
$674.9M
$123.5M
Q2 24
$711.3M
$83.3M
Q1 24
$624.3M
$103.1M
Total Debt
ACT
ACT
ECVT
ECVT
Q4 25
$744.5M
$392.6M
Q3 25
$744.1M
$854.8M
Q2 25
$743.8M
$856.6M
Q1 25
$743.4M
$859.0M
Q4 24
$743.0M
$860.8M
Q3 24
$742.7M
$862.7M
Q2 24
$742.4M
$862.4M
Q1 24
$746.1M
$866.2M
Stockholders' Equity
ACT
ACT
ECVT
ECVT
Q4 25
$5.4B
$603.4M
Q3 25
$5.3B
$607.9M
Q2 25
$5.2B
$692.4M
Q1 25
$5.1B
$698.7M
Q4 24
$5.0B
$700.5M
Q3 24
$5.0B
$729.4M
Q2 24
$4.8B
$717.3M
Q1 24
$4.7B
$711.4M
Total Assets
ACT
ACT
ECVT
ECVT
Q4 25
$6.9B
$1.3B
Q3 25
$6.9B
$1.7B
Q2 25
$6.8B
$1.8B
Q1 25
$6.7B
$1.8B
Q4 24
$6.5B
$1.8B
Q3 24
$6.6B
$1.8B
Q2 24
$6.3B
$1.8B
Q1 24
$6.3B
$1.8B
Debt / Equity
ACT
ACT
ECVT
ECVT
Q4 25
0.14×
0.65×
Q3 25
0.14×
1.41×
Q2 25
0.14×
1.24×
Q1 25
0.15×
1.23×
Q4 24
0.15×
1.23×
Q3 24
0.15×
1.18×
Q2 24
0.15×
1.20×
Q1 24
0.16×
1.22×

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
ECVT
ECVT
Operating Cash FlowLast quarter
$724.5M
$41.8M
Free Cash FlowOCF − Capex
$22.9M
FCF MarginFCF / Revenue
11.5%
Capex IntensityCapex / Revenue
9.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$69.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACT
ACT
ECVT
ECVT
Q4 25
$724.5M
$41.8M
Q3 25
$192.0M
$55.3M
Q2 25
$119.5M
$33.0M
Q1 25
$226.7M
$10.3M
Q4 24
$686.3M
$43.5M
Q3 24
$188.1M
$59.9M
Q2 24
$144.7M
$10.0M
Q1 24
$187.3M
$36.5M
Free Cash Flow
ACT
ACT
ECVT
ECVT
Q4 25
$22.9M
Q3 25
$53.2M
Q2 25
$7.8M
Q1 25
$-14.0M
Q4 24
$30.9M
Q3 24
$53.6M
Q2 24
$-9.3M
Q1 24
$19.1M
FCF Margin
ACT
ACT
ECVT
ECVT
Q4 25
11.5%
Q3 25
26.0%
Q2 25
4.4%
Q1 25
-9.8%
Q4 24
20.7%
Q3 24
34.9%
Q2 24
-6.1%
Q1 24
13.5%
Capex Intensity
ACT
ACT
ECVT
ECVT
Q4 25
9.4%
Q3 25
1.0%
Q2 25
14.4%
Q1 25
16.9%
Q4 24
8.5%
Q3 24
4.1%
Q2 24
12.5%
Q1 24
12.3%
Cash Conversion
ACT
ACT
ECVT
ECVT
Q4 25
Q3 25
Q2 25
5.52×
Q1 25
Q4 24
Q3 24
4.21×
Q2 24
1.20×
Q1 24
29.90×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACT
ACT

Segment breakdown not available.

ECVT
ECVT

Industrial Mining Automotive$101.3M51%
Regeneration And Treatment Services$90.0M45%
Other$8.1M4%

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