vs
Enact Holdings, Inc.（ACT）与AMERICAN STATES WATER CO（AWR）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AMERICAN STATES WATER CO的1.9倍（$312.1M vs $164.3M），Enact Holdings, Inc.净利率更高（53.8% vs 17.5%，领先36.3%），AMERICAN STATES WATER CO同比增速更快（14.8% vs 1.7%），过去两年AMERICAN STATES WATER CO的营收复合增速更高（10.2% vs 2.2%）
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。
美国州水公司是美国的上市公用事业企业，通过旗下子公司在全美范围内提供自来水供应及污水处理相关服务，服务覆盖居民、商业及公共机构等多元客户群体，是当地水务服务领域的重要参与企业。
ACT vs AWR — 直观对比
营收规模更大
ACT
是对方的1.9倍
$164.3M
营收增速更快
AWR
高出13.1%
1.7%
净利率更高
ACT
高出36.3%
17.5%
两年增速更快
AWR
近两年复合增速
2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $312.1M | $164.3M |
| 净利润 | $168.0M | $28.7M |
| 毛利率 | — | 88.9% |
| 营业利润率 | — | 27.4% |
| 净利率 | 53.8% | 17.5% |
| 营收同比 | 1.7% | 14.8% |
| 净利润同比 | 1.2% | 1.1% |
| 每股收益（稀释后） | $1.18 | $0.74 |
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ACTAWR
| Q1 26 | $312.1M | — | ||
| Q4 25 | $312.7M | $164.3M | ||
| Q3 25 | $311.5M | $182.7M | ||
| Q2 25 | $304.9M | $163.1M | ||
| Q1 25 | $306.8M | $148.0M | ||
| Q4 24 | $301.8M | $143.1M | ||
| Q3 24 | $309.6M | $161.8M | ||
| Q2 24 | $298.8M | $155.3M |
净利润ACTAWR
| Q1 26 | $168.0M | — | ||
| Q4 25 | — | $28.7M | ||
| Q3 25 | — | $41.2M | ||
| Q2 25 | — | $33.7M | ||
| Q1 25 | — | $26.8M | ||
| Q4 24 | — | $28.4M | ||
| Q3 24 | — | $35.8M | ||
| Q2 24 | — | $31.9M |
毛利率ACTAWR
| Q1 26 | — | — | ||
| Q4 25 | — | 88.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 92.1% | ||
| Q1 25 | — | 91.3% | ||
| Q4 24 | — | 92.4% | ||
| Q3 24 | — | 92.7% | ||
| Q2 24 | — | 89.6% |
营业利润率ACTAWR
| Q1 26 | — | — | ||
| Q4 25 | 71.3% | 27.4% | ||
| Q3 25 | 67.4% | 33.8% | ||
| Q2 25 | 70.4% | 31.3% | ||
| Q1 25 | 68.9% | 30.8% | ||
| Q4 24 | 68.9% | 27.0% | ||
| Q3 24 | 74.1% | 34.0% | ||
| Q2 24 | 78.6% | 33.3% |
净利率ACTAWR
| Q1 26 | 53.8% | — | ||
| Q4 25 | — | 17.5% | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 20.5% |
每股收益（稀释后）ACTAWR
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.23 | $0.74 | ||
| Q3 25 | $1.10 | $1.06 | ||
| Q2 25 | $1.11 | $0.87 | ||
| Q1 25 | $1.08 | $0.70 | ||
| Q4 24 | $1.05 | $0.75 | ||
| Q3 24 | $1.15 | $0.95 | ||
| Q2 24 | $1.16 | $0.85 |
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 | $549.0M | $18.8M |
| 总债务越低越好 | $744.9M | $782.7M |
| 股东权益账面价值 | $5.3B | $1.0B |
| 总资产 | $7.0B | $2.7B |
| 负债/权益比越低杠杆越低 | 0.14× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资ACTAWR
| Q1 26 | $549.0M | — | ||
| Q4 25 | $582.5M | $18.8M | ||
| Q3 25 | $545.6M | $26.1M | ||
| Q2 25 | $616.0M | $20.2M | ||
| Q1 25 | $639.0M | $21.2M | ||
| Q4 24 | $602.8M | $26.7M | ||
| Q3 24 | $674.9M | $16.5M | ||
| Q2 24 | $711.3M | $3.6M |
总债务ACTAWR
| Q1 26 | $744.9M | — | ||
| Q4 25 | $744.5M | $782.7M | ||
| Q3 25 | $744.1M | — | ||
| Q2 25 | $743.8M | — | ||
| Q1 25 | $743.4M | — | ||
| Q4 24 | $743.0M | $640.4M | ||
| Q3 24 | $742.7M | — | ||
| Q2 24 | $742.4M | — |
股东权益ACTAWR
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.4B | $1.0B | ||
| Q3 25 | $5.3B | $1.0B | ||
| Q2 25 | $5.2B | $972.5M | ||
| Q1 25 | $5.1B | $956.4M | ||
| Q4 24 | $5.0B | $920.1M | ||
| Q3 24 | $5.0B | $879.5M | ||
| Q2 24 | $4.8B | $833.5M |
总资产ACTAWR
| Q1 26 | $7.0B | — | ||
| Q4 25 | $6.9B | $2.7B | ||
| Q3 25 | $6.9B | $2.7B | ||
| Q2 25 | $6.8B | $2.6B | ||
| Q1 25 | $6.7B | $2.5B | ||
| Q4 24 | $6.5B | $2.5B | ||
| Q3 24 | $6.6B | $2.4B | ||
| Q2 24 | $6.3B | $2.3B |
负债/权益比ACTAWR
| Q1 26 | 0.14× | — | ||
| Q4 25 | 0.14× | 0.75× | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 0.15× | 0.70× | ||
| 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 | — | $27.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-36.0M |
| 自由现金流率自由现金流/营收 | — | -21.9% |
| 资本支出强度资本支出/营收 | — | 38.8% |
| 现金转化率经营现金流/净利润 | — | 0.96× |
| 过去12个月自由现金流最近4个季度 | — | $-7.1M |
8季度趋势，按日历期对齐
经营现金流ACTAWR
| Q1 26 | — | — | ||
| Q4 25 | $724.5M | $27.7M | ||
| Q3 25 | $192.0M | $92.4M | ||
| Q2 25 | $119.5M | $64.6M | ||
| Q1 25 | $226.7M | $45.1M | ||
| Q4 24 | $686.3M | $64.5M | ||
| Q3 24 | $188.1M | $63.7M | ||
| Q2 24 | $144.7M | $24.7M |
自由现金流ACTAWR
| Q1 26 | — | — | ||
| Q4 25 | — | $-36.0M | ||
| Q3 25 | — | $37.7M | ||
| Q2 25 | — | $13.7M | ||
| Q1 25 | — | $-22.5M | ||
| Q4 24 | — | $6.0M | ||
| Q3 24 | — | $-478.0K | ||
| Q2 24 | — | $-37.0M |
自由现金流率ACTAWR
| Q1 26 | — | — | ||
| Q4 25 | — | -21.9% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | -15.2% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | -0.3% | ||
| Q2 24 | — | -23.8% |
资本支出强度ACTAWR
| Q1 26 | — | — | ||
| Q4 25 | — | 38.8% | ||
| Q3 25 | — | 29.9% | ||
| Q2 25 | — | 31.2% | ||
| Q1 25 | — | 45.6% | ||
| Q4 24 | — | 40.9% | ||
| Q3 24 | — | 39.7% | ||
| Q2 24 | — | 39.8% |
现金转化率ACTAWR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 2.27× | ||
| Q3 24 | — | 1.78× | ||
| Q2 24 | — | 0.78× |
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
| Premiums | $242.8M | 78% |
| Other | $69.2M | 22% |
AWR
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
