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Enact Holdings, Inc.（ACT）与ALLIANCE RESOURCE PARTNERS LP（ARLP）财务数据对比。点击上方公司名可切换其他公司
ALLIANCE RESOURCE PARTNERS LP的季度营收约是Enact Holdings, Inc.的1.7倍（$516.0M vs $312.7M），Enact Holdings, Inc.同比增速更快（3.6% vs -3.6%），过去两年Enact Holdings, Inc.的营收复合增速更高（3.6% vs -6.7%）
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。
联合资源伙伴有限合伙是北美领先的自然资源企业，核心业务为公用事业及工业客户生产、销售煤炭，同时运营矿权特许经营、油气开采、物流配套等关联业务，服务覆盖美国及周边主要能源消费市场。
ACT vs ARLP — 直观对比
营收规模更大
ARLP
是对方的1.7倍
$312.7M
营收增速更快
ACT
高出7.3%
-3.6%
两年增速更快
ACT
近两年复合增速
-6.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $312.7M | $516.0M |
| 净利润 | — | $10.7M |
| 毛利率 | — | — |
| 营业利润率 | 71.3% | 4.2% |
| 净利率 | — | 2.1% |
| 营收同比 | 3.6% | -3.6% |
| 净利润同比 | — | — |
| 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ACTARLP
| Q1 26 | — | $516.0M | ||
| Q4 25 | $312.7M | $535.5M | ||
| Q3 25 | $311.5M | $571.4M | ||
| Q2 25 | $304.9M | $547.5M | ||
| Q1 25 | $306.8M | $540.5M | ||
| Q4 24 | $301.8M | $590.1M | ||
| Q3 24 | $309.6M | $613.6M | ||
| Q2 24 | $298.8M | $593.4M |
净利润ACTARLP
| Q1 26 | — | $10.7M | ||
| Q4 25 | — | $82.7M | ||
| Q3 25 | — | $95.1M | ||
| Q2 25 | — | $59.4M | ||
| Q1 25 | — | $74.0M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | — | $86.3M | ||
| Q2 24 | — | $100.2M |
营业利润率ACTARLP
| Q1 26 | — | 4.2% | ||
| Q4 25 | 71.3% | 18.2% | ||
| Q3 25 | 67.4% | 18.4% | ||
| Q2 25 | 70.4% | 16.2% | ||
| Q1 25 | 68.9% | 17.4% | ||
| Q4 24 | 68.9% | 2.6% | ||
| Q3 24 | 74.1% | 16.5% | ||
| Q2 24 | 78.6% | 19.8% |
净利率ACTARLP
| Q1 26 | — | 2.1% | ||
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 14.1% | ||
| Q2 24 | — | 16.9% |
每股收益（稀释后）ACTARLP
| Q1 26 | — | — | ||
| 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 | — |
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 | $28.9M |
| 总债务越低越好 | $744.5M | — |
| 股东权益账面价值 | $5.4B | — |
| 总资产 | $6.9B | $2.9B |
| 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ACTARLP
| Q1 26 | — | $28.9M | ||
| Q4 25 | $582.5M | $71.2M | ||
| Q3 25 | $545.6M | $94.5M | ||
| Q2 25 | $616.0M | $55.0M | ||
| Q1 25 | $639.0M | $81.3M | ||
| Q4 24 | $602.8M | $137.0M | ||
| Q3 24 | $674.9M | $195.4M | ||
| Q2 24 | $711.3M | $203.7M |
总债务ACTARLP
| 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ACTARLP
| Q1 26 | — | — | ||
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.3B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $4.8B | — |
总资产ACTARLP
| Q1 26 | — | $2.9B | ||
| Q4 25 | $6.9B | $2.9B | ||
| Q3 25 | $6.9B | $2.9B | ||
| Q2 25 | $6.8B | $2.9B | ||
| Q1 25 | $6.7B | $2.9B | ||
| Q4 24 | $6.5B | $2.9B | ||
| Q3 24 | $6.6B | $3.0B | ||
| Q2 24 | $6.3B | $3.1B |
负债/权益比ACTARLP
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $13.3M |
| 自由现金流率自由现金流/营收 | — | 2.6% |
| 资本支出强度资本支出/营收 | — | 18.5% |
| 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 | — | $342.2M |
8季度趋势，按日历期对齐
经营现金流ACTARLP
| Q1 26 | — | — | ||
| Q4 25 | $724.5M | $143.9M | ||
| Q3 25 | $192.0M | $209.9M | ||
| Q2 25 | $119.5M | $151.7M | ||
| Q1 25 | $226.7M | $145.7M | ||
| Q4 24 | $686.3M | $168.4M | ||
| Q3 24 | $188.1M | $209.3M | ||
| Q2 24 | $144.7M | $215.8M |
自由现金流ACTARLP
| Q1 26 | — | $13.3M | ||
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $145.2M | ||
| Q2 25 | — | $84.7M | ||
| Q1 25 | — | $58.9M | ||
| Q4 24 | — | $75.3M | ||
| Q3 24 | — | $99.0M | ||
| Q2 24 | — | $114.3M |
自由现金流率ACTARLP
| Q1 26 | — | 2.6% | ||
| Q4 25 | — | 18.5% | ||
| Q3 25 | — | 25.4% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 12.8% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | 19.3% |
资本支出强度ACTARLP
| Q1 26 | — | 18.5% | ||
| Q4 25 | — | 8.4% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 12.2% | ||
| Q1 25 | — | 16.1% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 18.0% | ||
| Q2 24 | — | 17.1% |
现金转化率ACTARLP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.74× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | 10.31× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | — | 2.15× |
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
ARLP
| Coal sales | $443.3M | 86% |
| Oil & gas royalties | $41.3M | 8% |
| Other revenues | $22.8M | 4% |
| Transportation revenues | $8.6M | 2% |
| Tons Produced | $8.0M | 2% |
| Mineral Interest Volumes (BOE) | $1.0M | 0% |
