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Enact Holdings, Inc.（ACT）与APPFOLIO INC（APPF）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APPFOLIO INC的1.2倍（$312.7M vs $262.2M），APPFOLIO INC同比增速更快（20.4% vs 3.6%），过去两年APPFOLIO INC的营收复合增速更高（15.3% vs 3.6%）
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。
AppFolio Inc.是一家2006年成立的美国企业，专注服务房地产行业，为客户提供软件即服务（SaaS）类应用产品及相关配套服务，助力房地产相关经营主体优化管理流程、提升运营效率。
ACT vs APPF — 直观对比
营收规模更大
ACT
是对方的1.2倍
$262.2M
营收增速更快
APPF
高出16.8%
3.6%
两年增速更快
APPF
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $312.7M | $262.2M |
| 净利润 | — | $42.4M |
| 毛利率 | — | — |
| 营业利润率 | 71.3% | 19.4% |
| 净利率 | — | 16.2% |
| 营收同比 | 3.6% | 20.4% |
| 净利润同比 | — | 35.2% |
| 每股收益（稀释后） | $1.23 | $1.18 |
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ACTAPPF
| Q1 26 | — | $262.2M | ||
| Q4 25 | $312.7M | $248.2M | ||
| Q3 25 | $311.5M | $249.4M | ||
| Q2 25 | $304.9M | $235.6M | ||
| Q1 25 | $306.8M | $217.7M | ||
| Q4 24 | $301.8M | $203.7M | ||
| Q3 24 | $309.6M | $205.7M | ||
| Q2 24 | $298.8M | $197.4M |
净利润ACTAPPF
| Q1 26 | — | $42.4M | ||
| Q4 25 | — | $39.9M | ||
| Q3 25 | — | $33.6M | ||
| Q2 25 | — | $36.0M | ||
| Q1 25 | — | $31.4M | ||
| Q4 24 | — | $102.7M | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $29.7M |
营业利润率ACTAPPF
| Q1 26 | — | 19.4% | ||
| Q4 25 | 71.3% | 17.6% | ||
| Q3 25 | 67.4% | 14.1% | ||
| Q2 25 | 70.4% | 17.2% | ||
| Q1 25 | 68.9% | 15.5% | ||
| Q4 24 | 68.9% | 11.3% | ||
| Q3 24 | 74.1% | 20.7% | ||
| Q2 24 | 78.6% | 18.3% |
净利率ACTAPPF
| Q1 26 | — | 16.2% | ||
| Q4 25 | — | 16.1% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | — | 50.4% | ||
| Q3 24 | — | 16.0% | ||
| Q2 24 | — | 15.0% |
每股收益（稀释后）ACTAPPF
| Q1 26 | — | $1.18 | ||
| Q4 25 | $1.23 | $1.10 | ||
| Q3 25 | $1.10 | $0.93 | ||
| Q2 25 | $1.11 | $0.99 | ||
| Q1 25 | $1.08 | $0.86 | ||
| Q4 24 | $1.05 | $2.79 | ||
| Q3 24 | $1.15 | $0.90 | ||
| Q2 24 | $1.16 | $0.81 |
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 | $582.5M | $147.4M |
| 总债务越低越好 | $744.5M | — |
| 股东权益账面价值 | $5.4B | $470.2M |
| 总资产 | $6.9B | $580.6M |
| 负债/权益比越低杠杆越低 | 0.14× | — |
8季度趋势，按日历期对齐
现金及短期投资ACTAPPF
| Q1 26 | — | $147.4M | ||
| Q4 25 | $582.5M | $107.0M | ||
| Q3 25 | $545.6M | $76.1M | ||
| Q2 25 | $616.0M | $73.5M | ||
| Q1 25 | $639.0M | $56.9M | ||
| Q4 24 | $602.8M | $42.5M | ||
| Q3 24 | $674.9M | $62.4M | ||
| Q2 24 | $711.3M | $59.6M |
总债务ACTAPPF
| Q1 26 | — | — | ||
| 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 | — |
股东权益ACTAPPF
| Q1 26 | — | $470.2M | ||
| Q4 25 | $5.4B | $542.6M | ||
| Q3 25 | $5.3B | $498.9M | ||
| Q2 25 | $5.2B | $455.6M | ||
| Q1 25 | $5.1B | $462.1M | ||
| Q4 24 | $5.0B | $519.3M | ||
| Q3 24 | $5.0B | $412.8M | ||
| Q2 24 | $4.8B | $371.4M |
总资产ACTAPPF
| Q1 26 | — | $580.6M | ||
| Q4 25 | $6.9B | $689.0M | ||
| Q3 25 | $6.9B | $640.5M | ||
| Q2 25 | $6.8B | $567.4M | ||
| Q1 25 | $6.7B | $564.7M | ||
| Q4 24 | $6.5B | $626.7M | ||
| Q3 24 | $6.6B | $523.3M | ||
| Q2 24 | $6.3B | $479.3M |
负债/权益比ACTAPPF
| 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× | — |
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 | $724.5M | $34.3M |
| 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 | — | 0.81× |
| 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ACTAPPF
| Q1 26 | — | $34.3M | ||
| Q4 25 | $724.5M | $65.0M | ||
| Q3 25 | $192.0M | $86.0M | ||
| Q2 25 | $119.5M | $52.6M | ||
| Q1 25 | $226.7M | $38.5M | ||
| Q4 24 | $686.3M | $36.6M | ||
| Q3 24 | $188.1M | $57.8M | ||
| Q2 24 | $144.7M | $50.9M |
自由现金流ACTAPPF
| Q1 26 | — | — | ||
| Q4 25 | — | $63.7M | ||
| Q3 25 | — | $84.7M | ||
| Q2 25 | — | $52.4M | ||
| Q1 25 | — | $38.2M | ||
| Q4 24 | — | $36.4M | ||
| Q3 24 | — | $57.4M | ||
| Q2 24 | — | $50.8M |
自由现金流率ACTAPPF
| Q1 26 | — | — | ||
| Q4 25 | — | 25.7% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 17.6% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | — | 27.9% | ||
| Q2 24 | — | 25.8% |
资本支出强度ACTAPPF
| Q1 26 | — | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.0% |
现金转化率ACTAPPF
| Q1 26 | — | 0.81× | ||
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 2.56× | ||
| Q2 25 | — | 1.46× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 1.75× | ||
| Q2 24 | — | 1.71× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACT
暂无分部数据
APPF
| Value Added Services | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
