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Enact Holdings, Inc.（ACT）与BILL Holdings, Inc.（BILL）财务数据对比。点击上方公司名可切换其他公司
BILL Holdings, Inc.的季度营收约是Enact Holdings, Inc.的1.3倍（$414.7M vs $312.7M），BILL Holdings, Inc.同比增速更快（14.4% vs 3.6%），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% 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。
BILL Holdings, Inc. 是总部位于美国加利福尼亚州圣何塞的企业，专注为美国小型企业提供自动化云原生财务运营软件。旗下Bill.com Connect是白标端到端支付自动化平台，可供金融机构接入其单点登录的线上企业银行生态中使用。
ACT vs BILL — 直观对比
营收规模更大
BILL
是对方的1.3倍
$312.7M
营收增速更快
BILL
高出10.8%
3.6%
两年增速更快
BILL
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $312.7M | $414.7M |
| 净利润 | — | $-2.6M |
| 毛利率 | — | 79.8% |
| 营业利润率 | 71.3% | -4.4% |
| 净利率 | — | -0.6% |
| 营收同比 | 3.6% | 14.4% |
| 净利润同比 | — | -107.7% |
| 每股收益（稀释后） | $1.23 | $-0.03 |
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ACTBILL
| Q4 25 | $312.7M | $414.7M | ||
| Q3 25 | $311.5M | $395.7M | ||
| Q2 25 | $304.9M | $383.3M | ||
| Q1 25 | $306.8M | $358.2M | ||
| Q4 24 | $301.8M | $362.6M | ||
| Q3 24 | $309.6M | $358.4M | ||
| Q2 24 | $298.8M | $343.7M | ||
| Q1 24 | $291.6M | $323.0M |
净利润ACTBILL
| Q4 25 | — | $-2.6M | ||
| Q3 25 | — | $-3.0M | ||
| Q2 25 | — | $-7.1M | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | — | $33.5M | ||
| Q3 24 | — | $8.9M | ||
| Q2 24 | — | $7.6M | ||
| Q1 24 | — | $31.8M |
毛利率ACTBILL
| Q4 25 | — | 79.8% | ||
| Q3 25 | — | 80.5% | ||
| Q2 25 | — | 80.8% | ||
| Q1 25 | — | 81.2% | ||
| Q4 24 | — | 81.6% | ||
| Q3 24 | — | 82.0% | ||
| Q2 24 | — | 81.0% | ||
| Q1 24 | — | 83.0% |
营业利润率ACTBILL
| Q4 25 | 71.3% | -4.4% | ||
| Q3 25 | 67.4% | -5.2% | ||
| Q2 25 | 70.4% | -5.8% | ||
| Q1 25 | 68.9% | -8.1% | ||
| Q4 24 | 68.9% | -6.0% | ||
| Q3 24 | 74.1% | -2.1% | ||
| Q2 24 | 78.6% | -6.5% | ||
| Q1 24 | 70.6% | -8.6% |
净利率ACTBILL
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | -0.7% | ||
| Q2 25 | — | -1.8% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 9.8% |
每股收益（稀释后）ACTBILL
| Q4 25 | $1.23 | $-0.03 | ||
| Q3 25 | $1.10 | $-0.03 | ||
| Q2 25 | $1.11 | $0.02 | ||
| Q1 25 | $1.08 | $-0.11 | ||
| Q4 24 | $1.05 | $-0.06 | ||
| Q3 24 | $1.15 | $0.08 | ||
| Q2 24 | $1.16 | $0.37 | ||
| Q1 24 | $1.01 | $0.00 |
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 | $1.1B |
| 总债务越低越好 | $744.5M | $1.8B |
| 股东权益账面价值 | $5.4B | $3.8B |
| 总资产 | $6.9B | $10.1B |
| 负债/权益比越低杠杆越低 | 0.14× | 0.48× |
8季度趋势，按日历期对齐
现金及短期投资ACTBILL
| Q4 25 | $582.5M | $1.1B | ||
| Q3 25 | $545.6M | $1.1B | ||
| Q2 25 | $616.0M | $1.0B | ||
| Q1 25 | $639.0M | $1.0B | ||
| Q4 24 | $602.8M | $1.6B | ||
| Q3 24 | $674.9M | $853.5M | ||
| Q2 24 | $711.3M | $985.9M | ||
| Q1 24 | $624.3M | $952.5M |
总债务ACTBILL
| Q4 25 | $744.5M | $1.8B | ||
| Q3 25 | $744.1M | $1.9B | ||
| Q2 25 | $743.8M | $1.7B | ||
| Q1 25 | $743.4M | $1.7B | ||
| Q4 24 | $743.0M | $1.7B | ||
| Q3 24 | $742.7M | $914.8M | ||
| Q2 24 | $742.4M | $914.0M | ||
| Q1 24 | $746.1M | $1.1B |
股东权益ACTBILL
| Q4 25 | $5.4B | $3.8B | ||
| Q3 25 | $5.3B | $3.9B | ||
| Q2 25 | $5.2B | $3.9B | ||
| Q1 25 | $5.1B | $3.9B | ||
| Q4 24 | $5.0B | $3.8B | ||
| Q3 24 | $5.0B | $4.0B | ||
| Q2 24 | $4.8B | $4.1B | ||
| Q1 24 | $4.7B | $4.1B |
总资产ACTBILL
| Q4 25 | $6.9B | $10.1B | ||
| Q3 25 | $6.9B | $10.2B | ||
| Q2 25 | $6.8B | $10.1B | ||
| Q1 25 | $6.7B | $9.6B | ||
| Q4 24 | $6.5B | $9.7B | ||
| Q3 24 | $6.6B | $9.0B | ||
| Q2 24 | $6.3B | $9.2B | ||
| Q1 24 | $6.3B | $9.1B |
负债/权益比ACTBILL
| Q4 25 | 0.14× | 0.48× | ||
| Q3 25 | 0.14× | 0.48× | ||
| Q2 25 | 0.14× | 0.44× | ||
| Q1 25 | 0.15× | 0.43× | ||
| Q4 24 | 0.15× | 0.44× | ||
| Q3 24 | 0.15× | 0.23× | ||
| Q2 24 | 0.15× | 0.22× | ||
| Q1 24 | 0.16× | 0.28× |
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 | $105.3M |
| 自由现金流经营现金流 - 资本支出 | — | $103.8M |
| 自由现金流率自由现金流/营收 | — | 25.0% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 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 | — | $378.8M |
8季度趋势，按日历期对齐
经营现金流ACTBILL
| Q4 25 | $724.5M | $105.3M | ||
| Q3 25 | $192.0M | $96.9M | ||
| Q2 25 | $119.5M | $83.8M | ||
| Q1 25 | $226.7M | $99.5M | ||
| Q4 24 | $686.3M | $78.7M | ||
| Q3 24 | $188.1M | $88.6M | ||
| Q2 24 | $144.7M | $78.6M | ||
| Q1 24 | $187.3M | $66.8M |
自由现金流ACTBILL
| Q4 25 | — | $103.8M | ||
| Q3 25 | — | $95.6M | ||
| Q2 25 | — | $81.0M | ||
| Q1 25 | — | $98.4M | ||
| Q4 24 | — | $78.3M | ||
| Q3 24 | — | $88.6M | ||
| Q2 24 | — | $78.4M | ||
| Q1 24 | — | $66.8M |
自由现金流率ACTBILL
| Q4 25 | — | 25.0% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 27.5% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 22.8% | ||
| Q1 24 | — | 20.7% |
资本支出强度ACTBILL
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.0% |
现金转化率ACTBILL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.35× | ||
| Q3 24 | — | 9.94× | ||
| Q2 24 | — | 10.35× | ||
| Q1 24 | — | 2.10× |
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
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
