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

Enact Holdings, Inc. is the larger business by last-quarter revenue ($312.7M vs $183.7M, roughly 1.7× Wingstop Inc.). On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs 3.6%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% 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.

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

ACT vs WING — Head-to-Head

Bigger by revenue
ACT
ACT
1.7× larger
ACT
$312.7M
$183.7M
WING
Growing faster (revenue YoY)
WING
WING
+3.8% gap
WING
7.4%
3.6%
ACT
Faster 2-yr revenue CAGR
WING
WING
Annualised
WING
8.6%
3.6%
ACT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ACT
ACT
WING
WING
Revenue
$312.7M
$183.7M
Net Profit
$29.9M
Gross Margin
86.5%
Operating Margin
71.3%
27.4%
Net Margin
16.3%
Revenue YoY
3.6%
7.4%
Net Profit YoY
EPS (diluted)
$1.23
$1.08

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
WING
WING
Q1 26
$183.7M
Q4 25
$312.7M
$175.7M
Q3 25
$311.5M
$175.7M
Q2 25
$304.9M
$174.3M
Q1 25
$306.8M
$171.1M
Q4 24
$301.8M
$161.8M
Q3 24
$309.6M
$162.5M
Q2 24
$298.8M
$155.7M
Net Profit
ACT
ACT
WING
WING
Q1 26
$29.9M
Q4 25
$26.8M
Q3 25
$28.5M
Q2 25
$26.8M
Q1 25
$92.3M
Q4 24
$26.8M
Q3 24
$25.7M
Q2 24
$27.5M
Gross Margin
ACT
ACT
WING
WING
Q1 26
86.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
85.6%
Q3 24
85.0%
Q2 24
85.4%
Operating Margin
ACT
ACT
WING
WING
Q1 26
27.4%
Q4 25
71.3%
26.7%
Q3 25
67.4%
27.9%
Q2 25
70.4%
25.9%
Q1 25
68.9%
22.4%
Q4 24
68.9%
25.9%
Q3 24
74.1%
24.5%
Q2 24
78.6%
26.5%
Net Margin
ACT
ACT
WING
WING
Q1 26
16.3%
Q4 25
15.2%
Q3 25
16.2%
Q2 25
15.4%
Q1 25
53.9%
Q4 24
16.5%
Q3 24
15.8%
Q2 24
17.7%
EPS (diluted)
ACT
ACT
WING
WING
Q1 26
$1.08
Q4 25
$1.23
$0.99
Q3 25
$1.10
$1.02
Q2 25
$1.11
$0.96
Q1 25
$1.08
$3.24
Q4 24
$1.05
$0.91
Q3 24
$1.15
$0.88
Q2 24
$1.16
$0.93

Balance Sheet & Financial Strength

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

Metric
ACT
ACT
WING
WING
Cash + ST InvestmentsLiquidity on hand
$582.5M
$128.8M
Total DebtLower is stronger
$744.5M
Stockholders' EquityBook value
$5.4B
Total Assets
$6.9B
$648.9M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACT
ACT
WING
WING
Q1 26
$128.8M
Q4 25
$582.5M
$196.6M
Q3 25
$545.6M
$237.6M
Q2 25
$616.0M
$227.9M
Q1 25
$639.0M
$251.4M
Q4 24
$602.8M
$315.9M
Q3 24
$674.9M
$84.0M
Q2 24
$711.3M
$96.7M
Total Debt
ACT
ACT
WING
WING
Q1 26
Q4 25
$744.5M
$1.2B
Q3 25
$744.1M
Q2 25
$743.8M
Q1 25
$743.4M
Q4 24
$743.0M
$1.2B
Q3 24
$742.7M
Q2 24
$742.4M
Stockholders' Equity
ACT
ACT
WING
WING
Q1 26
Q4 25
$5.4B
$-736.8M
Q3 25
$5.3B
$-702.6M
Q2 25
$5.2B
$-686.0M
Q1 25
$5.1B
$-715.0M
Q4 24
$5.0B
$-675.6M
Q3 24
$5.0B
$-447.5M
Q2 24
$4.8B
$-437.5M
Total Assets
ACT
ACT
WING
WING
Q1 26
$648.9M
Q4 25
$6.9B
$693.4M
Q3 25
$6.9B
$721.0M
Q2 25
$6.8B
$708.3M
Q1 25
$6.7B
$696.8M
Q4 24
$6.5B
$716.2M
Q3 24
$6.6B
$484.8M
Q2 24
$6.3B
$451.8M
Debt / Equity
ACT
ACT
WING
WING
Q1 26
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×

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
WING
WING
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
WING
WING
Q1 26
Q4 25
$724.5M
$57.3M
Q3 25
$192.0M
$63.9M
Q2 25
$119.5M
$6.6M
Q1 25
$226.7M
$25.3M
Q4 24
$686.3M
$7.7M
Q3 24
$188.1M
$69.0M
Q2 24
$144.7M
$36.2M
Free Cash Flow
ACT
ACT
WING
WING
Q1 26
Q4 25
$34.5M
Q3 25
$61.7M
Q2 25
$-7.8M
Q1 25
$17.3M
Q4 24
$-8.6M
Q3 24
$54.9M
Q2 24
$25.9M
FCF Margin
ACT
ACT
WING
WING
Q1 26
Q4 25
19.6%
Q3 25
35.1%
Q2 25
-4.5%
Q1 25
10.1%
Q4 24
-5.3%
Q3 24
33.8%
Q2 24
16.6%
Capex Intensity
ACT
ACT
WING
WING
Q1 26
Q4 25
13.0%
Q3 25
1.3%
Q2 25
8.2%
Q1 25
4.7%
Q4 24
10.1%
Q3 24
8.7%
Q2 24
6.6%
Cash Conversion
ACT
ACT
WING
WING
Q1 26
Q4 25
2.14×
Q3 25
2.24×
Q2 25
0.25×
Q1 25
0.27×
Q4 24
0.29×
Q3 24
2.68×
Q2 24
1.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACT
ACT

Segment breakdown not available.

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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