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Enact Holdings, Inc.（ACT）与eHealth, Inc.（EHTH）财务数据对比。点击上方公司名可切换其他公司
eHealth, Inc.的季度营收约是Enact Holdings, Inc.的1.0倍（$326.2M vs $312.7M）。Enact Holdings, Inc.同比增速更快（3.6% vs 3.5%）。过去两年eHealth, Inc.的营收复合增速更高（87.3% 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。
eHealth, Inc.以eHealthInsurance品牌开展业务，是一家公开上市的健康保险在线交易平台，公司注册于特拉华州，总部位于加利福尼亚州圣克拉拉。该平台主要提供医疗保险相关计划，涵盖联邦医疗保险处方药计划、联邦医疗保险补充计划、优势计划等产品，同时也售卖个人健康保险产品，业务覆盖美国全部50个州及华盛顿特区。
ACT vs EHTH — 直观对比
营收规模更大
EHTH
是对方的1.0倍
$312.7M
营收增速更快
ACT
高出0.1%
3.5%
两年增速更快
EHTH
近两年复合增速
3.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $312.7M | $326.2M |
| 净利润 | — | $87.2M |
| 毛利率 | — | 55.3% |
| 营业利润率 | 71.3% | 38.7% |
| 净利率 | — | 26.7% |
| 营收同比 | 3.6% | 3.5% |
| 净利润同比 | — | -10.6% |
| 每股收益（稀释后） | $1.23 | $2.43 |
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ACTEHTH
| Q4 25 | $312.7M | $326.2M | ||
| Q3 25 | $311.5M | $53.9M | ||
| Q2 25 | $304.9M | $60.8M | ||
| Q1 25 | $306.8M | $113.1M | ||
| Q4 24 | $301.8M | $315.2M | ||
| Q3 24 | $309.6M | $58.4M | ||
| Q2 24 | $298.8M | $65.9M | ||
| Q1 24 | $291.6M | $93.0M |
净利润ACTEHTH
| Q4 25 | — | $87.2M | ||
| Q3 25 | — | $-31.7M | ||
| Q2 25 | — | $-17.4M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $97.5M | ||
| Q3 24 | — | $-42.5M | ||
| Q2 24 | — | $-28.0M | ||
| Q1 24 | — | $-17.0M |
毛利率ACTEHTH
| Q4 25 | — | 55.3% | ||
| Q3 25 | — | -0.3% | ||
| Q2 25 | — | 31.1% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 52.0% | ||
| Q3 24 | — | -6.5% | ||
| Q2 24 | — | 28.7% | ||
| Q1 24 | — | 31.7% |
营业利润率ACTEHTH
| Q4 25 | 71.3% | 38.7% | ||
| Q3 25 | 67.4% | -77.1% | ||
| Q2 25 | 70.4% | -37.9% | ||
| Q1 25 | 68.9% | 4.2% | ||
| Q4 24 | 68.9% | 35.7% | ||
| Q3 24 | 74.1% | -74.0% | ||
| Q2 24 | 78.6% | -42.5% | ||
| Q1 24 | 70.6% | -19.3% |
净利率ACTEHTH
| Q4 25 | — | 26.7% | ||
| Q3 25 | — | -58.8% | ||
| Q2 25 | — | -28.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 30.9% | ||
| Q3 24 | — | -72.7% | ||
| Q2 24 | — | -42.5% | ||
| Q1 24 | — | -18.3% |
每股收益（稀释后）ACTEHTH
| Q4 25 | $1.23 | $2.43 | ||
| Q3 25 | $1.10 | $-1.46 | ||
| Q2 25 | $1.11 | $-0.98 | ||
| Q1 25 | $1.08 | $-0.33 | ||
| Q4 24 | $1.05 | $2.93 | ||
| Q3 24 | $1.15 | $-1.83 | ||
| Q2 24 | $1.16 | $-1.33 | ||
| Q1 24 | $1.01 | $-0.96 |
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 | $73.7M |
| 总债务越低越好 | $744.5M | — |
| 股东权益账面价值 | $5.4B | $591.6M |
| 总资产 | $6.9B | $1.3B |
| 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ACTEHTH
| Q4 25 | $582.5M | $73.7M | ||
| Q3 25 | $545.6M | $63.1M | ||
| Q2 25 | $616.0M | $65.9M | ||
| Q1 25 | $639.0M | $121.1M | ||
| Q4 24 | $602.8M | $39.2M | ||
| Q3 24 | $674.9M | $64.0M | ||
| Q2 24 | $711.3M | $126.3M | ||
| Q1 24 | $624.3M | $175.0M |
总债务ACTEHTH
| 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 | — | ||
| Q1 24 | $746.1M | — |
股东权益ACTEHTH
| Q4 25 | $5.4B | $591.6M | ||
| Q3 25 | $5.3B | $514.2M | ||
| Q2 25 | $5.2B | $554.9M | ||
| Q1 25 | $5.1B | $581.6M | ||
| Q4 24 | $5.0B | $588.4M | ||
| Q3 24 | $5.0B | $499.3M | ||
| Q2 24 | $4.8B | $548.9M | ||
| Q1 24 | $4.7B | $582.8M |
总资产ACTEHTH
| Q4 25 | $6.9B | $1.3B | ||
| Q3 25 | $6.9B | $1.0B | ||
| Q2 25 | $6.8B | $1.1B | ||
| Q1 25 | $6.7B | $1.1B | ||
| Q4 24 | $6.5B | $1.2B | ||
| Q3 24 | $6.6B | $1.0B | ||
| Q2 24 | $6.3B | $1.0B | ||
| Q1 24 | $6.3B | $1.1B |
负债/权益比ACTEHTH
| 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× | — | ||
| Q1 24 | 0.16× | — |
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 | $186.3M | $-35.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-36.1M |
| 自由现金流率自由现金流/营收 | — | -11.1% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | — | -0.41× |
| 过去12个月自由现金流最近4个季度 | — | $-27.6M |
8季度趋势，按日历期对齐
经营现金流ACTEHTH
| Q4 25 | $186.3M | $-35.9M | ||
| Q3 25 | $192.0M | $-25.3M | ||
| Q2 25 | $119.5M | $-41.2M | ||
| Q1 25 | $226.7M | $77.1M | ||
| Q4 24 | $166.1M | $-27.7M | ||
| Q3 24 | $188.1M | $-29.3M | ||
| Q2 24 | $144.7M | $-32.2M | ||
| Q1 24 | $187.3M | $70.8M |
自由现金流ACTEHTH
| Q4 25 | — | $-36.1M | ||
| Q3 25 | — | $-25.5M | ||
| Q2 25 | — | $-42.8M | ||
| Q1 25 | — | $76.8M | ||
| Q4 24 | — | $-28.3M | ||
| Q3 24 | — | $-30.3M | ||
| Q2 24 | — | $-32.4M | ||
| Q1 24 | — | $70.6M |
自由现金流率ACTEHTH
| Q4 25 | — | -11.1% | ||
| Q3 25 | — | -47.4% | ||
| Q2 25 | — | -70.4% | ||
| Q1 25 | — | 67.9% | ||
| Q4 24 | — | -9.0% | ||
| Q3 24 | — | -51.8% | ||
| Q2 24 | — | -49.3% | ||
| Q1 24 | — | 75.9% |
资本支出强度ACTEHTH
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.2% |
现金转化率ACTEHTH
| Q4 25 | — | -0.41× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 39.55× | ||
| Q4 24 | — | -0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
EHTH
| Medicare | $282.7M | 87% |
| Other | $29.2M | 9% |
| Ancillaries | $7.9M | 2% |
| Commission Members Approved In Prior Periods | $3.8M | 1% |
| Small Business | $3.1M | 1% |
| Commission Revenue From Renewals | $2.4M | 1% |
