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

Enact Holdings, Inc. is the larger business by last-quarter revenue ($312.7M vs $271.6M, roughly 1.2× KADANT INC). On growth, Enact Holdings, Inc. posted the faster year-over-year revenue change (3.6% vs -0.0%). Over the past eight quarters, KADANT INC's revenue compounded faster (6.7% 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.

Kadant Inc. is a company that was established in 1991, as a partly privately owned subsidiary of Thermo Electron, and partly publicly traded company, and was fully spun out and renamed Kadant in 2001. The company supports papermaking, paper recycling, wood processing, material handling, and other processing industries. Kadant is a multi-national corporation with operations in Asia, Europe, North America, and South America.

ACT vs KAI — Head-to-Head

Bigger by revenue
ACT
ACT
1.2× larger
ACT
$312.7M
$271.6M
KAI
Growing faster (revenue YoY)
ACT
ACT
+3.6% gap
ACT
3.6%
-0.0%
KAI
Faster 2-yr revenue CAGR
KAI
KAI
Annualised
KAI
6.7%
3.6%
ACT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ACT
ACT
KAI
KAI
Revenue
$312.7M
$271.6M
Net Profit
$27.7M
Gross Margin
45.2%
Operating Margin
71.3%
15.7%
Net Margin
10.2%
Revenue YoY
3.6%
-0.0%
Net Profit YoY
-12.2%
EPS (diluted)
$1.23
$2.35

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
KAI
KAI
Q4 25
$312.7M
Q3 25
$311.5M
$271.6M
Q2 25
$304.9M
$255.3M
Q1 25
$306.8M
$239.2M
Q4 24
$301.8M
$258.0M
Q3 24
$309.6M
$271.6M
Q2 24
$298.8M
$274.8M
Q1 24
$291.6M
$249.0M
Net Profit
ACT
ACT
KAI
KAI
Q4 25
Q3 25
$27.7M
Q2 25
$26.2M
Q1 25
$24.1M
Q4 24
$24.0M
Q3 24
$31.6M
Q2 24
$31.3M
Q1 24
$24.7M
Gross Margin
ACT
ACT
KAI
KAI
Q4 25
Q3 25
45.2%
Q2 25
45.9%
Q1 25
46.1%
Q4 24
43.4%
Q3 24
44.7%
Q2 24
44.4%
Q1 24
44.6%
Operating Margin
ACT
ACT
KAI
KAI
Q4 25
71.3%
Q3 25
67.4%
15.7%
Q2 25
70.4%
15.4%
Q1 25
68.9%
14.9%
Q4 24
68.9%
14.3%
Q3 24
74.1%
18.0%
Q2 24
78.6%
17.6%
Q1 24
70.6%
14.8%
Net Margin
ACT
ACT
KAI
KAI
Q4 25
Q3 25
10.2%
Q2 25
10.2%
Q1 25
10.1%
Q4 24
9.3%
Q3 24
11.6%
Q2 24
11.4%
Q1 24
9.9%
EPS (diluted)
ACT
ACT
KAI
KAI
Q4 25
$1.23
Q3 25
$1.10
$2.35
Q2 25
$1.11
$2.22
Q1 25
$1.08
$2.04
Q4 24
$1.05
$2.04
Q3 24
$1.15
$2.68
Q2 24
$1.16
$2.66
Q1 24
$1.01
$2.10

Balance Sheet & Financial Strength

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

Metric
ACT
ACT
KAI
KAI
Cash + ST InvestmentsLiquidity on hand
$582.5M
$124.5M
Total DebtLower is stronger
$744.5M
$254.6M
Stockholders' EquityBook value
$5.4B
$949.8M
Total Assets
$6.9B
$1.5B
Debt / EquityLower = less leverage
0.14×
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACT
ACT
KAI
KAI
Q4 25
$582.5M
Q3 25
$545.6M
$124.5M
Q2 25
$616.0M
$95.3M
Q1 25
$639.0M
$91.7M
Q4 24
$602.8M
$94.7M
Q3 24
$674.9M
$88.4M
Q2 24
$711.3M
$73.8M
Q1 24
$624.3M
$81.4M
Total Debt
ACT
ACT
KAI
KAI
Q4 25
$744.5M
Q3 25
$744.1M
$254.6M
Q2 25
$743.8M
$245.7M
Q1 25
$743.4M
$273.5M
Q4 24
$743.0M
$285.2M
Q3 24
$742.7M
$323.2M
Q2 24
$742.4M
$342.0M
Q1 24
$746.1M
$306.8M
Stockholders' Equity
ACT
ACT
KAI
KAI
Q4 25
$5.4B
Q3 25
$5.3B
$949.8M
Q2 25
$5.2B
$926.0M
Q1 25
$5.1B
$876.0M
Q4 24
$5.0B
$847.1M
Q3 24
$5.0B
$851.7M
Q2 24
$4.8B
$807.7M
Q1 24
$4.7B
$782.7M
Total Assets
ACT
ACT
KAI
KAI
Q4 25
$6.9B
Q3 25
$6.9B
$1.5B
Q2 25
$6.8B
$1.5B
Q1 25
$6.7B
$1.4B
Q4 24
$6.5B
$1.4B
Q3 24
$6.6B
$1.5B
Q2 24
$6.3B
$1.5B
Q1 24
$6.3B
$1.4B
Debt / Equity
ACT
ACT
KAI
KAI
Q4 25
0.14×
Q3 25
0.14×
0.27×
Q2 25
0.14×
0.27×
Q1 25
0.15×
0.31×
Q4 24
0.15×
0.34×
Q3 24
0.15×
0.38×
Q2 24
0.15×
0.42×
Q1 24
0.16×
0.39×

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
KAI
KAI
Operating Cash FlowLast quarter
$724.5M
$47.3M
Free Cash FlowOCF − Capex
$44.1M
FCF MarginFCF / Revenue
16.2%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters
$145.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACT
ACT
KAI
KAI
Q4 25
$724.5M
Q3 25
$192.0M
$47.3M
Q2 25
$119.5M
$40.5M
Q1 25
$226.7M
$22.8M
Q4 24
$686.3M
$51.9M
Q3 24
$188.1M
$52.5M
Q2 24
$144.7M
$28.1M
Q1 24
$187.3M
$22.8M
Free Cash Flow
ACT
ACT
KAI
KAI
Q4 25
Q3 25
$44.1M
Q2 25
$36.5M
Q1 25
$19.0M
Q4 24
$46.3M
Q3 24
$48.3M
Q2 24
$23.1M
Q1 24
$16.6M
FCF Margin
ACT
ACT
KAI
KAI
Q4 25
Q3 25
16.2%
Q2 25
14.3%
Q1 25
7.9%
Q4 24
17.9%
Q3 24
17.8%
Q2 24
8.4%
Q1 24
6.7%
Capex Intensity
ACT
ACT
KAI
KAI
Q4 25
Q3 25
1.2%
Q2 25
1.6%
Q1 25
1.6%
Q4 24
2.2%
Q3 24
1.5%
Q2 24
1.8%
Q1 24
2.5%
Cash Conversion
ACT
ACT
KAI
KAI
Q4 25
Q3 25
1.70×
Q2 25
1.55×
Q1 25
0.95×
Q4 24
2.16×
Q3 24
1.66×
Q2 24
0.90×
Q1 24
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACT
ACT

Segment breakdown not available.

KAI
KAI

Flow Control$94.8M35%
Capital$83.2M31%
Material Handling Systems$70.3M26%
Transferred Over Time$17.1M6%
Other$6.1M2%

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