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Side-by-side financial comparison of Enact Holdings, Inc. (ACT) and Maxeon Solar Technologies, Ltd. (MAXN). Click either name above to swap in a different company.

Maxeon Solar Technologies, Ltd. is the larger business by last-quarter revenue ($509.0M vs $312.7M, roughly 1.6× Enact Holdings, Inc.). On growth, Enact Holdings, Inc. posted the faster year-over-year revenue change (3.6% vs -54.7%).

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.

Maxeon Solar Technologies, Ltd. is a Singapore-based company that designs and manufactures photovoltaic panels. The company was previously a division of the American company SunPower. Maxeon was spun off from SunPower in August 2020. Maxeon was the primary provider of solar panels for SunPower through March 2024. Beyond the United States, Maxeon has sales operations in more than 100 countries and has the rights to use the SunPower brand in countries outside the United States.

ACT vs MAXN — Head-to-Head

Bigger by revenue
MAXN
MAXN
1.6× larger
MAXN
$509.0M
$312.7M
ACT
Growing faster (revenue YoY)
ACT
ACT
+58.3% gap
ACT
3.6%
-54.7%
MAXN

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
ACT
ACT
MAXN
MAXN
Revenue
$312.7M
$509.0M
Net Profit
$-614.3M
Gross Margin
Operating Margin
71.3%
-113.3%
Net Margin
-120.7%
Revenue YoY
3.6%
-54.7%
Net Profit YoY
-122.7%
EPS (diluted)
$1.23
$-96.00

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
MAXN
MAXN
Q4 25
$312.7M
Q3 25
$311.5M
Q2 25
$304.9M
Q1 25
$306.8M
Q4 24
$301.8M
$509.0M
Q3 24
$309.6M
Q2 24
$298.8M
Q1 24
$291.6M
Net Profit
ACT
ACT
MAXN
MAXN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-614.3M
Q3 24
Q2 24
Q1 24
Operating Margin
ACT
ACT
MAXN
MAXN
Q4 25
71.3%
Q3 25
67.4%
Q2 25
70.4%
Q1 25
68.9%
Q4 24
68.9%
-113.3%
Q3 24
74.1%
Q2 24
78.6%
Q1 24
70.6%
Net Margin
ACT
ACT
MAXN
MAXN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-120.7%
Q3 24
Q2 24
Q1 24
EPS (diluted)
ACT
ACT
MAXN
MAXN
Q4 25
$1.23
Q3 25
$1.10
Q2 25
$1.11
Q1 25
$1.08
Q4 24
$1.05
$-96.00
Q3 24
$1.15
Q2 24
$1.16
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
MAXN
MAXN
Cash + ST InvestmentsLiquidity on hand
$582.5M
$28.9M
Total DebtLower is stronger
$744.5M
Stockholders' EquityBook value
$5.4B
$-293.8M
Total Assets
$6.9B
$376.3M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACT
ACT
MAXN
MAXN
Q4 25
$582.5M
Q3 25
$545.6M
Q2 25
$616.0M
Q1 25
$639.0M
Q4 24
$602.8M
$28.9M
Q3 24
$674.9M
Q2 24
$711.3M
Q1 24
$624.3M
Total Debt
ACT
ACT
MAXN
MAXN
Q4 25
$744.5M
Q3 25
$744.1M
Q2 25
$743.8M
Q1 25
$743.4M
Q4 24
$743.0M
Q3 24
$742.7M
Q2 24
$742.4M
Q1 24
$746.1M
Stockholders' Equity
ACT
ACT
MAXN
MAXN
Q4 25
$5.4B
Q3 25
$5.3B
Q2 25
$5.2B
Q1 25
$5.1B
Q4 24
$5.0B
$-293.8M
Q3 24
$5.0B
Q2 24
$4.8B
Q1 24
$4.7B
Total Assets
ACT
ACT
MAXN
MAXN
Q4 25
$6.9B
Q3 25
$6.9B
Q2 25
$6.8B
Q1 25
$6.7B
Q4 24
$6.5B
$376.3M
Q3 24
$6.6B
Q2 24
$6.3B
Q1 24
$6.3B
Debt / Equity
ACT
ACT
MAXN
MAXN
Q4 25
0.14×
Q3 25
0.14×
Q2 25
0.14×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.15×
Q2 24
0.15×
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
MAXN
MAXN
Operating Cash FlowLast quarter
$724.5M
$-270.2M
Free Cash FlowOCF − Capex
$-322.3M
FCF MarginFCF / Revenue
-63.3%
Capex IntensityCapex / Revenue
10.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACT
ACT
MAXN
MAXN
Q4 25
$724.5M
Q3 25
$192.0M
Q2 25
$119.5M
Q1 25
$226.7M
Q4 24
$686.3M
$-270.2M
Q3 24
$188.1M
Q2 24
$144.7M
Q1 24
$187.3M
Free Cash Flow
ACT
ACT
MAXN
MAXN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-322.3M
Q3 24
Q2 24
Q1 24
FCF Margin
ACT
ACT
MAXN
MAXN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-63.3%
Q3 24
Q2 24
Q1 24
Capex Intensity
ACT
ACT
MAXN
MAXN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
10.2%
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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