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Enact Holdings, Inc.（ACT）与Dutch Bros Inc.（BROS）财务数据对比。点击上方公司名可切换其他公司
Dutch Bros Inc.的季度营收约是Enact Holdings, Inc.的1.5倍（$464.4M vs $312.1M），Enact Holdings, Inc.净利率更高（53.8% vs 5.1%，领先48.7%），Dutch Bros Inc.同比增速更快（30.8% vs 1.7%），过去两年Dutch Bros Inc.的营收复合增速更高（19.6% 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。
Dutch Bros Inc.是美国上市得来速咖啡连锁品牌，1992年由戴恩·博尔斯马与特拉维斯·博尔斯马创立，原总部位于俄勒冈州格兰茨帕斯，2025年迁至亚利桑那州坦佩。品牌拥有直营及加盟门店，主力布局美国西部市场，目前扩张范围最东已覆盖佛罗里达州奥兰多。
ACT vs BROS — 直观对比
营收规模更大
BROS
是对方的1.5倍
$312.1M
营收增速更快
BROS
高出29.0%
1.7%
净利率更高
ACT
高出48.7%
5.1%
两年增速更快
BROS
近两年复合增速
2.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $312.1M | $464.4M |
| 净利润 | $168.0M | $23.7M |
| 毛利率 | — | 23.1% |
| 营业利润率 | — | 7.4% |
| 净利率 | 53.8% | 5.1% |
| 营收同比 | 1.7% | 30.8% |
| 净利润同比 | 1.2% | 5.3% |
| 每股收益（稀释后） | $1.18 | $0.13 |
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ACTBROS
| Q1 26 | $312.1M | $464.4M | ||
| Q4 25 | $312.7M | $443.6M | ||
| Q3 25 | $311.5M | $423.6M | ||
| Q2 25 | $304.9M | $415.8M | ||
| Q1 25 | $306.8M | $355.2M | ||
| Q4 24 | $301.8M | $342.8M | ||
| Q3 24 | $309.6M | $338.2M | ||
| Q2 24 | $298.8M | $324.9M |
净利润ACTBROS
| Q1 26 | $168.0M | $23.7M | ||
| Q4 25 | — | $21.4M | ||
| Q3 25 | — | $17.5M | ||
| Q2 25 | — | $25.6M | ||
| Q1 25 | — | $15.4M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | — | $12.6M | ||
| Q2 24 | — | $11.9M |
毛利率ACTBROS
| Q1 26 | — | 23.1% | ||
| Q4 25 | — | 24.1% | ||
| Q3 25 | — | 25.2% | ||
| Q2 25 | — | 28.9% | ||
| Q1 25 | — | 25.3% | ||
| Q4 24 | — | 25.7% | ||
| Q3 24 | — | 26.6% | ||
| Q2 24 | — | 27.8% |
营业利润率ACTBROS
| Q1 26 | — | 7.4% | ||
| Q4 25 | 71.3% | 7.7% | ||
| Q3 25 | 67.4% | 9.8% | ||
| Q2 25 | 70.4% | 13.1% | ||
| Q1 25 | 68.9% | 8.7% | ||
| Q4 24 | 68.9% | 4.6% | ||
| Q3 24 | 74.1% | 9.6% | ||
| Q2 24 | 78.6% | 9.9% |
净利率ACTBROS
| Q1 26 | 53.8% | 5.1% | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.7% |
每股收益（稀释后）ACTBROS
| Q1 26 | $1.18 | $0.13 | ||
| Q4 25 | $1.23 | $0.17 | ||
| Q3 25 | $1.10 | $0.14 | ||
| Q2 25 | $1.11 | $0.20 | ||
| Q1 25 | $1.08 | $0.13 | ||
| Q4 24 | $1.05 | $0.03 | ||
| Q3 24 | $1.15 | $0.11 | ||
| Q2 24 | $1.16 | $0.12 |
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 | $263.5M |
| 总债务越低越好 | $744.9M | $199.3M |
| 股东权益账面价值 | $5.3B | $920.5M |
| 总资产 | $7.0B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.14× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资ACTBROS
| Q1 26 | $549.0M | $263.5M | ||
| Q4 25 | $582.5M | $269.4M | ||
| Q3 25 | $545.6M | $267.2M | ||
| Q2 25 | $616.0M | $254.4M | ||
| Q1 25 | $639.0M | $316.4M | ||
| Q4 24 | $602.8M | $293.4M | ||
| Q3 24 | $674.9M | $281.1M | ||
| Q2 24 | $711.3M | $260.9M |
总债务ACTBROS
| Q1 26 | $744.9M | $199.3M | ||
| Q4 25 | $744.5M | $202.5M | ||
| Q3 25 | $744.1M | $202.3M | ||
| Q2 25 | $743.8M | $203.3M | ||
| Q1 25 | $743.4M | $284.2M | ||
| Q4 24 | $743.0M | $238.0M | ||
| Q3 24 | $742.7M | $241.2M | ||
| Q2 24 | $742.4M | $244.3M |
股东权益ACTBROS
| Q1 26 | $5.3B | $920.5M | ||
| Q4 25 | $5.4B | $680.8M | ||
| Q3 25 | $5.3B | $656.6M | ||
| Q2 25 | $5.2B | $636.2M | ||
| Q1 25 | $5.1B | $599.1M | ||
| Q4 24 | $5.0B | $537.4M | ||
| Q3 24 | $5.0B | $523.1M | ||
| Q2 24 | $4.8B | $509.1M |
总资产ACTBROS
| Q1 26 | $7.0B | $3.1B | ||
| Q4 25 | $6.9B | $3.0B | ||
| Q3 25 | $6.9B | $2.9B | ||
| Q2 25 | $6.8B | $2.8B | ||
| Q1 25 | $6.7B | $2.8B | ||
| Q4 24 | $6.5B | $2.5B | ||
| Q3 24 | $6.6B | $2.4B | ||
| Q2 24 | $6.3B | $2.4B |
负债/权益比ACTBROS
| Q1 26 | 0.14× | 0.22× | ||
| Q4 25 | 0.14× | 0.30× | ||
| Q3 25 | 0.14× | 0.31× | ||
| Q2 25 | 0.14× | 0.32× | ||
| Q1 25 | 0.15× | 0.47× | ||
| Q4 24 | 0.15× | 0.44× | ||
| Q3 24 | 0.15× | 0.46× | ||
| Q2 24 | 0.15× | 0.48× |
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 | — | $84.7M |
| 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 | — | 3.58× |
| 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ACTBROS
| Q1 26 | — | $84.7M | ||
| Q4 25 | $724.5M | $79.6M | ||
| Q3 25 | $192.0M | $89.1M | ||
| Q2 25 | $119.5M | $89.9M | ||
| Q1 25 | $226.7M | $36.9M | ||
| Q4 24 | $686.3M | $62.2M | ||
| Q3 24 | $188.1M | $83.5M | ||
| Q2 24 | $144.7M | $59.5M |
自由现金流ACTBROS
| Q1 26 | — | — | ||
| Q4 25 | — | $8.5M | ||
| Q3 25 | — | $18.9M | ||
| Q2 25 | — | $35.7M | ||
| Q1 25 | — | $-8.7M | ||
| Q4 24 | — | $19.5M | ||
| Q3 24 | — | $26.4M | ||
| Q2 24 | — | $-4.9M |
自由现金流率ACTBROS
| Q1 26 | — | — | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | -1.5% |
资本支出强度ACTBROS
| Q1 26 | — | — | ||
| Q4 25 | — | 16.0% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 13.0% | ||
| Q1 25 | — | 12.8% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | — | 19.8% |
现金转化率ACTBROS
| Q1 26 | — | 3.58× | ||
| Q4 25 | — | 3.73× | ||
| Q3 25 | — | 5.09× | ||
| Q2 25 | — | 3.51× | ||
| Q1 25 | — | 2.40× | ||
| Q4 24 | — | 17.23× | ||
| Q3 24 | — | 6.60× | ||
| Q2 24 | — | 4.99× |
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% |
BROS
| Company-operated shops | $429.1M | 92% |
| Franchising and other | $35.4M | 8% |
