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Ares Commercial Real Estate Corp（ACRE）与Enact Holdings, Inc.（ACT）财务数据对比。点击上方公司名可切换其他公司
Enact Holdings, Inc.的季度营收约是Ares Commercial Real Estate Corp的23.7倍（$312.7M vs $13.2M）。Enact Holdings, Inc.同比增速更快（3.6% vs -24.5%）。过去两年Enact Holdings, Inc.的营收复合增速更高（3.6% vs -15.9%）
Ares Commercial Real Estate Corp是隶属于阿瑞斯管理集团的专业金融企业，专注于商业地产领域，提供优先抵押贷款、次级债务、优先股投资等各类定制化融资解决方案，主要服务覆盖美国全境的中型商业地产所有者及运营主体。
Enact Holdings, Inc.是美国领先的私人抵押贷款保险服务商，为银行、信用社等各类住宅抵押贷款机构提供风险缓释解决方案，帮助首付较低的购房者获得可负担的住房贷款，助力更多美国普通消费者实现安居需求。
ACRE vs ACT — 直观对比
营收规模更大
ACT
是对方的23.7倍
$13.2M
营收增速更快
ACT
高出28.1%
-24.5%
两年增速更快
ACT
近两年复合增速
-15.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $13.2M | $312.7M |
| 净利润 | $-3.9M | — |
| 毛利率 | — | — |
| 营业利润率 | -29.2% | 71.3% |
| 净利率 | -29.2% | — |
| 营收同比 | -24.5% | 3.6% |
| 净利润同比 | 63.8% | — |
| 每股收益（稀释后） | — | $1.23 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACREACT
| Q4 25 | $13.2M | $312.7M | ||
| Q3 25 | $14.1M | $311.5M | ||
| Q2 25 | $12.6M | $304.9M | ||
| Q1 25 | $14.9M | $306.8M | ||
| Q4 24 | $17.5M | $301.8M | ||
| Q3 24 | $16.7M | $309.6M | ||
| Q2 24 | $16.8M | $298.8M | ||
| Q1 24 | $18.7M | $291.6M |
净利润ACREACT
| Q4 25 | $-3.9M | — | ||
| Q3 25 | $4.7M | — | ||
| Q2 25 | $-11.0M | — | ||
| Q1 25 | $9.3M | — | ||
| Q4 24 | $-10.7M | — | ||
| Q3 24 | $-5.9M | — | ||
| Q2 24 | $-6.1M | — | ||
| Q1 24 | $-12.3M | — |
营业利润率ACREACT
| Q4 25 | -29.2% | 71.3% | ||
| Q3 25 | 33.0% | 67.4% | ||
| Q2 25 | -87.8% | 70.4% | ||
| Q1 25 | 64.4% | 68.9% | ||
| Q4 24 | -61.0% | 68.9% | ||
| Q3 24 | -35.3% | 74.1% | ||
| Q2 24 | -36.5% | 78.6% | ||
| Q1 24 | -65.9% | 70.6% |
净利率ACREACT
| Q4 25 | -29.2% | — | ||
| Q3 25 | 33.0% | — | ||
| Q2 25 | -87.8% | — | ||
| Q1 25 | 62.5% | — | ||
| Q4 24 | -60.9% | — | ||
| Q3 24 | -35.3% | — | ||
| Q2 24 | -36.5% | — | ||
| Q1 24 | -65.9% | — |
每股收益（稀释后）ACREACT
| Q4 25 | — | $1.23 | ||
| Q3 25 | — | $1.10 | ||
| Q2 25 | — | $1.11 | ||
| Q1 25 | — | $1.08 | ||
| Q4 24 | — | $1.05 | ||
| Q3 24 | — | $1.15 | ||
| Q2 24 | — | $1.16 | ||
| Q1 24 | — | $1.01 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $29.3M | $582.5M |
| 总债务越低越好 | $948.2M | $744.5M |
| 股东权益账面价值 | $509.6M | $5.4B |
| 总资产 | $1.6B | $6.9B |
| 负债/权益比越低杠杆越低 | 1.86× | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资ACREACT
| Q4 25 | $29.3M | $582.5M | ||
| Q3 25 | $84.9M | $545.6M | ||
| Q2 25 | $90.0M | $616.0M | ||
| Q1 25 | $125.5M | $639.0M | ||
| Q4 24 | $63.8M | $602.8M | ||
| Q3 24 | $68.9M | $674.9M | ||
| Q2 24 | $70.6M | $711.3M | ||
| Q1 24 | $99.5M | $624.3M |
总债务ACREACT
| Q4 25 | $948.2M | $744.5M | ||
| Q3 25 | — | $744.1M | ||
| Q2 25 | — | $743.8M | ||
| Q1 25 | — | $743.4M | ||
| Q4 24 | $718.5M | $743.0M | ||
| Q3 24 | — | $742.7M | ||
| Q2 24 | — | $742.4M | ||
| Q1 24 | — | $746.1M |
股东权益ACREACT
| Q4 25 | $509.6M | $5.4B | ||
| Q3 25 | $521.0M | $5.3B | ||
| Q2 25 | $523.7M | $5.2B | ||
| Q1 25 | $542.1M | $5.1B | ||
| Q4 24 | $540.1M | $5.0B | ||
| Q3 24 | $563.8M | $5.0B | ||
| Q2 24 | $582.3M | $4.8B | ||
| Q1 24 | $601.1M | $4.7B |
总资产ACREACT
| Q4 25 | $1.6B | $6.9B | ||
| Q3 25 | $1.4B | $6.9B | ||
| Q2 25 | $1.4B | $6.8B | ||
| Q1 25 | $1.5B | $6.7B | ||
| Q4 24 | $1.8B | $6.5B | ||
| Q3 24 | $1.9B | $6.6B | ||
| Q2 24 | $2.1B | $6.3B | ||
| Q1 24 | $2.1B | $6.3B |
负债/权益比ACREACT
| Q4 25 | 1.86× | 0.14× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 1.33× | 0.15× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.16× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $4.6M | $186.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ACREACT
| Q4 25 | $4.6M | $186.3M | ||
| Q3 25 | $3.8M | $192.0M | ||
| Q2 25 | $4.9M | $119.5M | ||
| Q1 25 | $8.0M | $226.7M | ||
| Q4 24 | $7.1M | $166.1M | ||
| Q3 24 | $8.4M | $188.1M | ||
| Q2 24 | $8.7M | $144.7M | ||
| Q1 24 | $11.4M | $187.3M |
现金转化率ACREACT
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
