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

Enact Holdings, Inc. is the larger business by last-quarter revenue ($312.7M vs $270.8M, roughly 1.2× HUTCHMED (China) Ltd). On growth, Enact Holdings, Inc. posted the faster year-over-year revenue change (3.6% vs -16.5%).

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.

HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.

ACT vs HCM — Head-to-Head

Bigger by revenue
ACT
ACT
1.2× larger
ACT
$312.7M
$270.8M
HCM
Growing faster (revenue YoY)
ACT
ACT
+20.2% gap
ACT
3.6%
-16.5%
HCM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACT
ACT
HCM
HCM
Revenue
$312.7M
$270.8M
Net Profit
$2.0M
Gross Margin
37.7%
Operating Margin
71.3%
-13.2%
Net Margin
0.7%
Revenue YoY
3.6%
-16.5%
Net Profit YoY
-83.6%
EPS (diluted)
$1.23
$0.00

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
HCM
HCM
Q4 25
$312.7M
$270.8M
Q3 25
$311.5M
Q2 25
$304.9M
$277.7M
Q1 25
$306.8M
$324.5M
Q4 24
$301.8M
Q3 24
$309.6M
Q2 24
$298.8M
$305.7M
Q1 24
$291.6M
Net Profit
ACT
ACT
HCM
HCM
Q4 25
$2.0M
Q3 25
Q2 25
$455.0M
Q1 25
$11.9M
Q4 24
Q3 24
Q2 24
$25.8M
Q1 24
Gross Margin
ACT
ACT
HCM
HCM
Q4 25
37.7%
Q3 25
Q2 25
0.1%
Q1 25
48.0%
Q4 24
Q3 24
Q2 24
41.1%
Q1 24
Operating Margin
ACT
ACT
HCM
HCM
Q4 25
71.3%
-13.2%
Q3 25
67.4%
Q2 25
70.4%
-1.3%
Q1 25
68.9%
-5.0%
Q4 24
68.9%
Q3 24
74.1%
Q2 24
78.6%
-9.0%
Q1 24
70.6%
Net Margin
ACT
ACT
HCM
HCM
Q4 25
0.7%
Q3 25
Q2 25
163.8%
Q1 25
3.7%
Q4 24
Q3 24
Q2 24
8.4%
Q1 24
EPS (diluted)
ACT
ACT
HCM
HCM
Q4 25
$1.23
$0.00
Q3 25
$1.10
Q2 25
$1.11
$0.52
Q1 25
$1.08
$0.01
Q4 24
$1.05
Q3 24
$1.15
Q2 24
$1.16
$0.03
Q1 24
$1.01

Balance Sheet & Financial Strength

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

Metric
ACT
ACT
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$582.5M
$1.4B
Total DebtLower is stronger
$744.5M
$93.2M
Stockholders' EquityBook value
$5.4B
$1.2B
Total Assets
$6.9B
$1.8B
Debt / EquityLower = less leverage
0.14×
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACT
ACT
HCM
HCM
Q4 25
$582.5M
$1.4B
Q3 25
$545.6M
Q2 25
$616.0M
$1.4B
Q1 25
$639.0M
$836.1M
Q4 24
$602.8M
Q3 24
$674.9M
Q2 24
$711.3M
$802.5M
Q1 24
$624.3M
Total Debt
ACT
ACT
HCM
HCM
Q4 25
$744.5M
$93.2M
Q3 25
$744.1M
Q2 25
$743.8M
$93.4M
Q1 25
$743.4M
$82.8M
Q4 24
$743.0M
Q3 24
$742.7M
Q2 24
$742.4M
$82.1M
Q1 24
$746.1M
Stockholders' Equity
ACT
ACT
HCM
HCM
Q4 25
$5.4B
$1.2B
Q3 25
$5.3B
Q2 25
$5.2B
$1.2B
Q1 25
$5.1B
$759.9M
Q4 24
$5.0B
Q3 24
$5.0B
Q2 24
$4.8B
$740.1M
Q1 24
$4.7B
Total Assets
ACT
ACT
HCM
HCM
Q4 25
$6.9B
$1.8B
Q3 25
$6.9B
Q2 25
$6.8B
$1.8B
Q1 25
$6.7B
$1.3B
Q4 24
$6.5B
Q3 24
$6.6B
Q2 24
$6.3B
$1.3B
Q1 24
$6.3B
Debt / Equity
ACT
ACT
HCM
HCM
Q4 25
0.14×
0.08×
Q3 25
0.14×
Q2 25
0.14×
0.08×
Q1 25
0.15×
0.11×
Q4 24
0.15×
Q3 24
0.15×
Q2 24
0.15×
0.11×
Q1 24
0.16×

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
HCM
HCM
Operating Cash FlowLast quarter
$724.5M
$8.2M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
1.2%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACT
ACT
HCM
HCM
Q4 25
$724.5M
$8.2M
Q3 25
$192.0M
Q2 25
$119.5M
$-72.9M
Q1 25
$226.7M
$40.3M
Q4 24
$686.3M
Q3 24
$188.1M
Q2 24
$144.7M
$-39.8M
Q1 24
$187.3M
Free Cash Flow
ACT
ACT
HCM
HCM
Q4 25
$3.4M
Q3 25
Q2 25
$-82.2M
Q1 25
$32.5M
Q4 24
Q3 24
Q2 24
$-49.9M
Q1 24
FCF Margin
ACT
ACT
HCM
HCM
Q4 25
1.2%
Q3 25
Q2 25
-29.6%
Q1 25
10.0%
Q4 24
Q3 24
Q2 24
-16.3%
Q1 24
Capex Intensity
ACT
ACT
HCM
HCM
Q4 25
1.8%
Q3 25
Q2 25
3.3%
Q1 25
2.4%
Q4 24
Q3 24
Q2 24
3.3%
Q1 24
Cash Conversion
ACT
ACT
HCM
HCM
Q4 25
4.21×
Q3 25
Q2 25
-0.16×
Q1 25
3.38×
Q4 24
Q3 24
Q2 24
-1.54×
Q1 24

Financial Flow Comparison

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

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