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Enact Holdings, Inc.（ACT）与H2O AMERICA（HTO）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H2O AMERICA的1.6倍（$312.7M vs $199.4M），Enact Holdings, Inc.同比增速更快（3.6% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% 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。
H2O Wireless是美国的预付费移动通信服务商，依托AT&T网络运营，隶属于MVNO（移动虚拟网络运营商）Locus通信，自2019年起Locus成为Telrite控股的子公司，此前2010年起曾是KDDI美国旗下资产。该品牌主打无限制套餐服务，支持用户自带或购买无锁智能手机入网，AT&T合约机/锁网机也可兼容使用。
ACT vs HTO — 直观对比
营收规模更大
ACT
是对方的1.6倍
$199.4M
营收增速更快
ACT
高出2.1%
1.5%
两年增速更快
HTO
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $312.7M | $199.4M |
| 净利润 | — | $16.2M |
| 毛利率 | — | — |
| 营业利润率 | 71.3% | 16.6% |
| 净利率 | — | 8.1% |
| 营收同比 | 3.6% | 1.5% |
| 净利润同比 | — | -29.2% |
| 每股收益（稀释后） | $1.23 | $0.45 |
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ACTHTO
| Q4 25 | $312.7M | $199.4M | ||
| Q3 25 | $311.5M | $243.5M | ||
| Q2 25 | $304.9M | $197.8M | ||
| Q1 25 | $306.8M | $164.9M | ||
| Q4 24 | $301.8M | $196.5M | ||
| Q3 24 | $309.6M | $216.7M | ||
| Q2 24 | $298.8M | $173.1M | ||
| Q1 24 | $291.6M | $150.0M |
净利润ACTHTO
| Q4 25 | — | $16.2M | ||
| Q3 25 | — | $45.1M | ||
| Q2 25 | — | $24.7M | ||
| Q1 25 | — | $16.6M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | — | $38.7M | ||
| Q2 24 | — | $20.7M | ||
| Q1 24 | — | $11.7M |
营业利润率ACTHTO
| Q4 25 | 71.3% | 16.6% | ||
| Q3 25 | 67.4% | 26.5% | ||
| Q2 25 | 70.4% | 22.2% | ||
| Q1 25 | 68.9% | 21.8% | ||
| Q4 24 | 68.9% | 22.2% | ||
| Q3 24 | 74.1% | 26.9% | ||
| Q2 24 | 78.6% | 23.4% | ||
| Q1 24 | 70.6% | 18.6% |
净利率ACTHTO
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 18.5% | ||
| Q2 25 | — | 12.5% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 12.0% | ||
| Q1 24 | — | 7.8% |
每股收益（稀释后）ACTHTO
| Q4 25 | $1.23 | $0.45 | ||
| Q3 25 | $1.10 | $1.27 | ||
| Q2 25 | $1.11 | $0.71 | ||
| Q1 25 | $1.08 | $0.49 | ||
| Q4 24 | $1.05 | $0.70 | ||
| Q3 24 | $1.15 | $1.17 | ||
| Q2 24 | $1.16 | $0.64 | ||
| Q1 24 | $1.01 | $0.36 |
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 | $20.7M |
| 总债务越低越好 | $744.5M | $1.9B |
| 股东权益账面价值 | $5.4B | $1.5B |
| 总资产 | $6.9B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.14× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资ACTHTO
| Q4 25 | $582.5M | $20.7M | ||
| Q3 25 | $545.6M | $11.3M | ||
| Q2 25 | $616.0M | $19.8M | ||
| Q1 25 | $639.0M | $23.7M | ||
| Q4 24 | $602.8M | $11.1M | ||
| Q3 24 | $674.9M | $4.0M | ||
| Q2 24 | $711.3M | $22.8M | ||
| Q1 24 | $624.3M | $4.5M |
总债务ACTHTO
| Q4 25 | $744.5M | $1.9B | ||
| Q3 25 | $744.1M | — | ||
| Q2 25 | $743.8M | — | ||
| Q1 25 | $743.4M | — | ||
| Q4 24 | $743.0M | $1.7B | ||
| Q3 24 | $742.7M | — | ||
| Q2 24 | $742.4M | — | ||
| Q1 24 | $746.1M | — |
股东权益ACTHTO
| Q4 25 | $5.4B | $1.5B | ||
| Q3 25 | $5.3B | $1.5B | ||
| Q2 25 | $5.2B | $1.5B | ||
| Q1 25 | $5.1B | $1.4B | ||
| Q4 24 | $5.0B | $1.4B | ||
| Q3 24 | $5.0B | $1.3B | ||
| Q2 24 | $4.8B | $1.3B | ||
| Q1 24 | $4.7B | $1.2B |
总资产ACTHTO
| Q4 25 | $6.9B | $5.1B | ||
| Q3 25 | $6.9B | $5.0B | ||
| Q2 25 | $6.8B | $4.8B | ||
| Q1 25 | $6.7B | $4.7B | ||
| Q4 24 | $6.5B | $4.7B | ||
| Q3 24 | $6.6B | $4.6B | ||
| Q2 24 | $6.3B | $4.4B | ||
| Q1 24 | $6.3B | $4.4B |
负债/权益比ACTHTO
| Q4 25 | 0.14× | 1.23× | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 0.15× | 1.26× | ||
| 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 | $724.5M | $63.5M |
| 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 | — | 3.92× |
| 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ACTHTO
| Q4 25 | $724.5M | $63.5M | ||
| Q3 25 | $192.0M | $77.3M | ||
| Q2 25 | $119.5M | $60.8M | ||
| Q1 25 | $226.7M | $43.2M | ||
| Q4 24 | $686.3M | $41.5M | ||
| Q3 24 | $188.1M | $53.5M | ||
| Q2 24 | $144.7M | $49.3M | ||
| Q1 24 | $187.3M | $51.2M |
现金转化率ACTHTO
| Q4 25 | — | 3.92× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | — | 2.38× | ||
| Q1 24 | — | 4.38× |
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
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
