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Side-by-side financial comparison of Enact Holdings, Inc. (ACT) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

Zurn Elkay Water Solutions Corp is the larger business by last-quarter revenue ($407.2M vs $312.7M, roughly 1.3× Enact Holdings, Inc.). On growth, Zurn Elkay Water Solutions Corp posted the faster year-over-year revenue change (9.8% vs 3.6%). Over the past eight quarters, Zurn Elkay Water Solutions Corp's revenue compounded faster (4.4% 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.

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

ACT vs ZWS — Head-to-Head

Bigger by revenue
ZWS
ZWS
1.3× larger
ZWS
$407.2M
$312.7M
ACT
Growing faster (revenue YoY)
ZWS
ZWS
+6.2% gap
ZWS
9.8%
3.6%
ACT
Faster 2-yr revenue CAGR
ZWS
ZWS
Annualised
ZWS
4.4%
3.6%
ACT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACT
ACT
ZWS
ZWS
Revenue
$312.7M
$407.2M
Net Profit
$42.1M
Gross Margin
44.4%
Operating Margin
71.3%
14.8%
Net Margin
10.3%
Revenue YoY
3.6%
9.8%
Net Profit YoY
15.7%
EPS (diluted)
$1.23
$0.24

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
ZWS
ZWS
Q4 25
$312.7M
$407.2M
Q3 25
$311.5M
$455.4M
Q2 25
$304.9M
$444.5M
Q1 25
$306.8M
$388.8M
Q4 24
$301.8M
$370.7M
Q3 24
$309.6M
$410.0M
Q2 24
$298.8M
$412.0M
Q1 24
$291.6M
$373.8M
Net Profit
ACT
ACT
ZWS
ZWS
Q4 25
$42.1M
Q3 25
$61.8M
Q2 25
$50.5M
Q1 25
$43.6M
Q4 24
$36.4M
Q3 24
$43.5M
Q2 24
$46.0M
Q1 24
$34.3M
Gross Margin
ACT
ACT
ZWS
ZWS
Q4 25
44.4%
Q3 25
44.1%
Q2 25
45.5%
Q1 25
46.6%
Q4 24
43.5%
Q3 24
46.2%
Q2 24
45.2%
Q1 24
45.5%
Operating Margin
ACT
ACT
ZWS
ZWS
Q4 25
71.3%
14.8%
Q3 25
67.4%
17.0%
Q2 25
70.4%
17.5%
Q1 25
68.9%
16.3%
Q4 24
68.9%
13.3%
Q3 24
74.1%
17.1%
Q2 24
78.6%
17.5%
Q1 24
70.6%
14.2%
Net Margin
ACT
ACT
ZWS
ZWS
Q4 25
10.3%
Q3 25
13.6%
Q2 25
11.4%
Q1 25
11.2%
Q4 24
9.8%
Q3 24
10.6%
Q2 24
11.2%
Q1 24
9.2%
EPS (diluted)
ACT
ACT
ZWS
ZWS
Q4 25
$1.23
$0.24
Q3 25
$1.10
$0.36
Q2 25
$1.11
$0.29
Q1 25
$1.08
$0.26
Q4 24
$1.05
$0.21
Q3 24
$1.15
$0.25
Q2 24
$1.16
$0.27
Q1 24
$1.01
$0.19

Balance Sheet & Financial Strength

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

Metric
ACT
ACT
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$582.5M
$300.5M
Total DebtLower is stronger
$744.5M
$496.5M
Stockholders' EquityBook value
$5.4B
$1.6B
Total Assets
$6.9B
$2.7B
Debt / EquityLower = less leverage
0.14×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACT
ACT
ZWS
ZWS
Q4 25
$582.5M
$300.5M
Q3 25
$545.6M
$260.1M
Q2 25
$616.0M
$201.9M
Q1 25
$639.0M
$144.7M
Q4 24
$602.8M
$198.0M
Q3 24
$674.9M
$187.9M
Q2 24
$711.3M
$162.7M
Q1 24
$624.3M
$157.1M
Total Debt
ACT
ACT
ZWS
ZWS
Q4 25
$744.5M
$496.5M
Q3 25
$744.1M
$496.4M
Q2 25
$743.8M
$495.9M
Q1 25
$743.4M
$495.8M
Q4 24
$743.0M
$495.6M
Q3 24
$742.7M
$495.6M
Q2 24
$742.4M
$495.5M
Q1 24
$746.1M
$495.4M
Stockholders' Equity
ACT
ACT
ZWS
ZWS
Q4 25
$5.4B
$1.6B
Q3 25
$5.3B
$1.6B
Q2 25
$5.2B
$1.6B
Q1 25
$5.1B
$1.5B
Q4 24
$5.0B
$1.6B
Q3 24
$5.0B
$1.6B
Q2 24
$4.8B
$1.6B
Q1 24
$4.7B
$1.6B
Total Assets
ACT
ACT
ZWS
ZWS
Q4 25
$6.9B
$2.7B
Q3 25
$6.9B
$2.7B
Q2 25
$6.8B
$2.7B
Q1 25
$6.7B
$2.6B
Q4 24
$6.5B
$2.6B
Q3 24
$6.6B
$2.7B
Q2 24
$6.3B
$2.7B
Q1 24
$6.3B
$2.7B
Debt / Equity
ACT
ACT
ZWS
ZWS
Q4 25
0.14×
0.31×
Q3 25
0.14×
0.31×
Q2 25
0.14×
0.32×
Q1 25
0.15×
0.32×
Q4 24
0.15×
0.31×
Q3 24
0.15×
0.31×
Q2 24
0.15×
0.31×
Q1 24
0.16×
0.31×

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
ZWS
ZWS
Operating Cash FlowLast quarter
$724.5M
$91.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACT
ACT
ZWS
ZWS
Q4 25
$724.5M
$91.7M
Q3 25
$192.0M
$101.3M
Q2 25
$119.5M
$110.6M
Q1 25
$226.7M
$42.9M
Q4 24
$686.3M
$63.6M
Q3 24
$188.1M
$90.9M
Q2 24
$144.7M
$85.1M
Q1 24
$187.3M
$53.9M
Cash Conversion
ACT
ACT
ZWS
ZWS
Q4 25
2.18×
Q3 25
1.64×
Q2 25
2.19×
Q1 25
0.98×
Q4 24
1.75×
Q3 24
2.09×
Q2 24
1.85×
Q1 24
1.57×

Financial Flow Comparison

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

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