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

MATERION Corp is the larger business by last-quarter revenue ($549.8M vs $312.7M, roughly 1.8× Enact Holdings, Inc.). On growth, MATERION Corp posted the faster year-over-year revenue change (30.8% vs 3.6%). Over the past eight quarters, MATERION Corp's revenue compounded faster (13.6% 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.

Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.

ACT vs MTRN — Head-to-Head

Bigger by revenue
MTRN
MTRN
1.8× larger
MTRN
$549.8M
$312.7M
ACT
Growing faster (revenue YoY)
MTRN
MTRN
+27.2% gap
MTRN
30.8%
3.6%
ACT
Faster 2-yr revenue CAGR
MTRN
MTRN
Annualised
MTRN
13.6%
3.6%
ACT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ACT
ACT
MTRN
MTRN
Revenue
$312.7M
$549.8M
Net Profit
$19.4M
Gross Margin
14.9%
Operating Margin
71.3%
5.1%
Net Margin
3.5%
Revenue YoY
3.6%
30.8%
Net Profit YoY
9.5%
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
MTRN
MTRN
Q1 26
$549.8M
Q4 25
$312.7M
$489.8M
Q3 25
$311.5M
$444.8M
Q2 25
$304.9M
$431.7M
Q1 25
$306.8M
$420.3M
Q4 24
$301.8M
$436.9M
Q3 24
$309.6M
$436.7M
Q2 24
$298.8M
$425.9M
Net Profit
ACT
ACT
MTRN
MTRN
Q1 26
$19.4M
Q4 25
$6.6M
Q3 25
$25.4M
Q2 25
$25.1M
Q1 25
$17.7M
Q4 24
$-48.9M
Q3 24
$22.3M
Q2 24
$19.0M
Gross Margin
ACT
ACT
MTRN
MTRN
Q1 26
14.9%
Q4 25
13.0%
Q3 25
19.4%
Q2 25
19.1%
Q1 25
18.1%
Q4 24
21.3%
Q3 24
18.5%
Q2 24
19.0%
Operating Margin
ACT
ACT
MTRN
MTRN
Q1 26
5.1%
Q4 25
71.3%
2.2%
Q3 25
67.4%
7.9%
Q2 25
70.4%
8.5%
Q1 25
68.9%
6.5%
Q4 24
68.9%
-8.8%
Q3 24
74.1%
7.2%
Q2 24
78.6%
7.5%
Net Margin
ACT
ACT
MTRN
MTRN
Q1 26
3.5%
Q4 25
1.3%
Q3 25
5.7%
Q2 25
5.8%
Q1 25
4.2%
Q4 24
-11.2%
Q3 24
5.1%
Q2 24
4.5%
EPS (diluted)
ACT
ACT
MTRN
MTRN
Q1 26
Q4 25
$1.23
$0.30
Q3 25
$1.10
$1.22
Q2 25
$1.11
$1.21
Q1 25
$1.08
$0.85
Q4 24
$1.05
$-2.34
Q3 24
$1.15
$1.07
Q2 24
$1.16
$0.91

Balance Sheet & Financial Strength

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

Metric
ACT
ACT
MTRN
MTRN
Cash + ST InvestmentsLiquidity on hand
$582.5M
$16.2M
Total DebtLower is stronger
$744.5M
$489.9M
Stockholders' EquityBook value
$5.4B
$957.0M
Total Assets
$6.9B
$1.9B
Debt / EquityLower = less leverage
0.14×
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACT
ACT
MTRN
MTRN
Q1 26
$16.2M
Q4 25
$582.5M
$13.7M
Q3 25
$545.6M
$16.4M
Q2 25
$616.0M
$12.6M
Q1 25
$639.0M
$15.6M
Q4 24
$602.8M
$16.7M
Q3 24
$674.9M
$17.9M
Q2 24
$711.3M
$17.1M
Total Debt
ACT
ACT
MTRN
MTRN
Q1 26
$489.9M
Q4 25
$744.5M
$460.6M
Q3 25
$744.1M
$458.9M
Q2 25
$743.8M
$427.6M
Q1 25
$743.4M
$453.0M
Q4 24
$743.0M
$443.9M
Q3 24
$742.7M
Q2 24
$742.4M
Stockholders' Equity
ACT
ACT
MTRN
MTRN
Q1 26
$957.0M
Q4 25
$5.4B
$943.3M
Q3 25
$5.3B
$934.6M
Q2 25
$5.2B
$910.6M
Q1 25
$5.1B
$887.9M
Q4 24
$5.0B
$868.9M
Q3 24
$5.0B
$931.9M
Q2 24
$4.8B
$907.1M
Total Assets
ACT
ACT
MTRN
MTRN
Q1 26
$1.9B
Q4 25
$6.9B
$1.8B
Q3 25
$6.9B
$1.8B
Q2 25
$6.8B
$1.7B
Q1 25
$6.7B
$1.8B
Q4 24
$6.5B
$1.7B
Q3 24
$6.6B
$1.9B
Q2 24
$6.3B
$1.8B
Debt / Equity
ACT
ACT
MTRN
MTRN
Q1 26
0.51×
Q4 25
0.14×
0.49×
Q3 25
0.14×
0.49×
Q2 25
0.14×
0.47×
Q1 25
0.15×
0.51×
Q4 24
0.15×
0.51×
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
MTRN
MTRN
Operating Cash FlowLast quarter
$724.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACT
ACT
MTRN
MTRN
Q1 26
Q4 25
$724.5M
$19.5M
Q3 25
$192.0M
$18.3M
Q2 25
$119.5M
$49.9M
Q1 25
$226.7M
$15.5M
Q4 24
$686.3M
$76.3M
Q3 24
$188.1M
$5.1M
Q2 24
$144.7M
$20.3M
Free Cash Flow
ACT
ACT
MTRN
MTRN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$3.2M
Q4 24
Q3 24
$-24.3M
Q2 24
FCF Margin
ACT
ACT
MTRN
MTRN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
0.8%
Q4 24
Q3 24
-5.6%
Q2 24
Capex Intensity
ACT
ACT
MTRN
MTRN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
2.9%
Q4 24
Q3 24
6.7%
Q2 24
Cash Conversion
ACT
ACT
MTRN
MTRN
Q1 26
Q4 25
2.97×
Q3 25
0.72×
Q2 25
1.99×
Q1 25
0.88×
Q4 24
Q3 24
0.23×
Q2 24
1.07×

Financial Flow Comparison

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

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