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Enact Holdings, Inc.（ACT）与BADGER METER INC（BMI）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BADGER METER INC的1.3倍（$312.1M vs $234.1M），Enact Holdings, Inc.净利率更高（53.8% vs 14.3%，领先39.5%），BADGER METER INC同比增速更快（14.1% vs 1.7%），过去两年BADGER METER INC的营收复合增速更高（9.2% 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。
Badger Meter Inc是全球领先的流量测量与控制解决方案供应商，主要服务水务企业、工业、商业及住宅客户群体，核心产品包括智能水表、物联网使用监测系统及配套软件，可帮助客户追踪资源消耗、减少浪费、提升运营效率，核心市场覆盖北美、欧洲及亚太地区。
ACT vs BMI — 直观对比
营收规模更大
ACT
是对方的1.3倍
$234.1M
营收增速更快
BMI
高出12.4%
1.7%
净利率更高
ACT
高出39.5%
14.3%
两年增速更快
BMI
近两年复合增速
2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $312.1M | $234.1M |
| 净利润 | $168.0M | $33.6M |
| 毛利率 | — | 39.7% |
| 营业利润率 | — | 18.4% |
| 净利率 | 53.8% | 14.3% |
| 营收同比 | 1.7% | 14.1% |
| 净利润同比 | 1.2% | 9.3% |
| 每股收益（稀释后） | $1.18 | $1.13 |
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ACTBMI
| Q1 26 | $312.1M | — | ||
| Q4 25 | $312.7M | $234.1M | ||
| Q3 25 | $311.5M | $222.2M | ||
| Q2 25 | $304.9M | $238.1M | ||
| Q1 25 | $306.8M | $222.2M | ||
| Q4 24 | $301.8M | $205.2M | ||
| Q3 24 | $309.6M | $208.4M | ||
| Q2 24 | $298.8M | $216.7M |
净利润ACTBMI
| Q1 26 | $168.0M | — | ||
| Q4 25 | — | $33.6M | ||
| Q3 25 | — | $35.1M | ||
| Q2 25 | — | $34.6M | ||
| Q1 25 | — | $38.4M | ||
| Q4 24 | — | $30.7M | ||
| Q3 24 | — | $32.0M | ||
| Q2 24 | — | $33.1M |
毛利率ACTBMI
| Q1 26 | — | — | ||
| Q4 25 | — | 39.7% | ||
| Q3 25 | — | 43.1% | ||
| Q2 25 | — | 41.1% | ||
| Q1 25 | — | 42.9% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 40.2% | ||
| Q2 24 | — | 39.4% |
营业利润率ACTBMI
| Q1 26 | — | — | ||
| Q4 25 | 71.3% | 18.4% | ||
| Q3 25 | 67.4% | 20.7% | ||
| Q2 25 | 70.4% | 18.8% | ||
| Q1 25 | 68.9% | 22.2% | ||
| Q4 24 | 68.9% | 19.1% | ||
| Q3 24 | 74.1% | 19.5% | ||
| Q2 24 | 78.6% | 19.2% |
净利率ACTBMI
| Q1 26 | 53.8% | — | ||
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 14.5% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 15.4% | ||
| Q2 24 | — | 15.3% |
每股收益（稀释后）ACTBMI
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.23 | $1.13 | ||
| Q3 25 | $1.10 | $1.19 | ||
| Q2 25 | $1.11 | $1.17 | ||
| Q1 25 | $1.08 | $1.30 | ||
| Q4 24 | $1.05 | $1.04 | ||
| Q3 24 | $1.15 | $1.08 | ||
| Q2 24 | $1.16 | $1.12 |
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 | — |
| 总债务越低越好 | $744.9M | — |
| 股东权益账面价值 | $5.3B | $713.3M |
| 总资产 | $7.0B | $973.6M |
| 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ACTBMI
| Q1 26 | $549.0M | — | ||
| Q4 25 | $582.5M | — | ||
| Q3 25 | $545.6M | — | ||
| Q2 25 | $616.0M | — | ||
| Q1 25 | $639.0M | — | ||
| Q4 24 | $602.8M | — | ||
| Q3 24 | $674.9M | — | ||
| Q2 24 | $711.3M | — |
总债务ACTBMI
| Q1 26 | $744.9M | — | ||
| 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ACTBMI
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.4B | $713.3M | ||
| Q3 25 | $5.3B | $702.5M | ||
| Q2 25 | $5.2B | $677.6M | ||
| Q1 25 | $5.1B | $641.7M | ||
| Q4 24 | $5.0B | $606.2M | ||
| Q3 24 | $5.0B | $591.2M | ||
| Q2 24 | $4.8B | $563.1M |
总资产ACTBMI
| Q1 26 | $7.0B | — | ||
| Q4 25 | $6.9B | $973.6M | ||
| Q3 25 | $6.9B | $978.3M | ||
| Q2 25 | $6.8B | $936.4M | ||
| Q1 25 | $6.7B | $899.6M | ||
| Q4 24 | $6.5B | $816.4M | ||
| Q3 24 | $6.6B | $802.9M | ||
| Q2 24 | $6.3B | $781.3M |
负债/权益比ACTBMI
| Q1 26 | 0.14× | — | ||
| 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 | — | $54.8M |
| 自由现金流经营现金流 - 资本支出 | — | $50.8M |
| 自由现金流率自由现金流/营收 | — | 21.7% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | — | 1.63× |
| 过去12个月自由现金流最近4个季度 | — | $169.7M |
8季度趋势，按日历期对齐
经营现金流ACTBMI
| Q1 26 | — | — | ||
| Q4 25 | $724.5M | $54.8M | ||
| Q3 25 | $192.0M | $51.3M | ||
| Q2 25 | $119.5M | $44.6M | ||
| Q1 25 | $226.7M | $33.0M | ||
| Q4 24 | $686.3M | $52.1M | ||
| Q3 24 | $188.1M | $45.1M | ||
| Q2 24 | $144.7M | $36.4M |
自由现金流ACTBMI
| Q1 26 | — | — | ||
| Q4 25 | — | $50.8M | ||
| Q3 25 | — | $48.2M | ||
| Q2 25 | — | $40.6M | ||
| Q1 25 | — | $30.1M | ||
| Q4 24 | — | $47.4M | ||
| Q3 24 | — | $42.0M | ||
| Q2 24 | — | $34.1M |
自由现金流率ACTBMI
| Q1 26 | — | — | ||
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 23.1% | ||
| Q3 24 | — | 20.1% | ||
| Q2 24 | — | 15.7% |
资本支出强度ACTBMI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.1% |
现金转化率ACTBMI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.46× | ||
| Q2 25 | — | 1.29× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 1.70× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.10× |
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
| Premiums | $242.8M | 78% |
| Other | $69.2M | 22% |
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
