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Enact Holdings, Inc.（ACT）与IPG PHOTONICS CORP（IPGP）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IPG PHOTONICS CORP的1.1倍（$312.7M vs $274.5M），IPG PHOTONICS CORP同比增速更快（17.1% vs 3.6%），过去两年IPG PHOTONICS CORP的营收复合增速更高（4.4% 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。
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
ACT vs IPGP — 直观对比
营收规模更大
ACT
是对方的1.1倍
$274.5M
营收增速更快
IPGP
高出13.5%
3.6%
两年增速更快
IPGP
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $312.7M | $274.5M |
| 净利润 | — | $13.3M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 71.3% | 1.2% |
| 净利率 | — | 4.8% |
| 营收同比 | 3.6% | 17.1% |
| 净利润同比 | — | 69.8% |
| 每股收益（稀释后） | $1.23 | $0.30 |
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ACTIPGP
| Q4 25 | $312.7M | $274.5M | ||
| Q3 25 | $311.5M | $250.8M | ||
| Q2 25 | $304.9M | $250.7M | ||
| Q1 25 | $306.8M | $227.8M | ||
| Q4 24 | $301.8M | $234.3M | ||
| Q3 24 | $309.6M | $233.1M | ||
| Q2 24 | $298.8M | $257.6M | ||
| Q1 24 | $291.6M | $252.0M |
净利润ACTIPGP
| Q4 25 | — | $13.3M | ||
| Q3 25 | — | $7.5M | ||
| Q2 25 | — | $6.6M | ||
| Q1 25 | — | $3.8M | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | — | $-233.6M | ||
| Q2 24 | — | $20.2M | ||
| Q1 24 | — | $24.1M |
毛利率ACTIPGP
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 38.7% |
营业利润率ACTIPGP
| Q4 25 | 71.3% | 1.2% | ||
| Q3 25 | 67.4% | 3.1% | ||
| Q2 25 | 70.4% | 0.0% | ||
| Q1 25 | 68.9% | 0.8% | ||
| Q4 24 | 68.9% | 6.0% | ||
| Q3 24 | 74.1% | -108.7% | ||
| Q2 24 | 78.6% | 4.7% | ||
| Q1 24 | 70.6% | 7.6% |
净利率ACTIPGP
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | -100.2% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 9.6% |
每股收益（稀释后）ACTIPGP
| Q4 25 | $1.23 | $0.30 | ||
| Q3 25 | $1.10 | $0.18 | ||
| Q2 25 | $1.11 | $0.16 | ||
| Q1 25 | $1.08 | $0.09 | ||
| Q4 24 | $1.05 | $0.27 | ||
| Q3 24 | $1.15 | $-5.33 | ||
| Q2 24 | $1.16 | $0.45 | ||
| Q1 24 | $1.01 | $0.52 |
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 | $839.3M |
| 总债务越低越好 | $744.5M | — |
| 股东权益账面价值 | $5.4B | $2.1B |
| 总资产 | $6.9B | $2.4B |
| 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ACTIPGP
| Q4 25 | $582.5M | $839.3M | ||
| Q3 25 | $545.6M | $870.4M | ||
| Q2 25 | $616.0M | $899.6M | ||
| Q1 25 | $639.0M | $926.9M | ||
| Q4 24 | $602.8M | $930.2M | ||
| Q3 24 | $674.9M | $1.0B | ||
| Q2 24 | $711.3M | $1.1B | ||
| Q1 24 | $624.3M | $1.1B |
总债务ACTIPGP
| 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ACTIPGP
| Q4 25 | $5.4B | $2.1B | ||
| Q3 25 | $5.3B | $2.1B | ||
| Q2 25 | $5.2B | $2.1B | ||
| Q1 25 | $5.1B | $2.1B | ||
| Q4 24 | $5.0B | $2.0B | ||
| Q3 24 | $5.0B | $2.1B | ||
| Q2 24 | $4.8B | $2.3B | ||
| Q1 24 | $4.7B | $2.3B |
总资产ACTIPGP
| Q4 25 | $6.9B | $2.4B | ||
| Q3 25 | $6.9B | $2.4B | ||
| Q2 25 | $6.8B | $2.4B | ||
| Q1 25 | $6.7B | $2.3B | ||
| Q4 24 | $6.5B | $2.3B | ||
| Q3 24 | $6.6B | $2.4B | ||
| Q2 24 | $6.3B | $2.5B | ||
| Q1 24 | $6.3B | $2.6B |
负债/权益比ACTIPGP
| 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 | $724.5M | $28.8M |
| 自由现金流经营现金流 - 资本支出 | — | $10.9M |
| 自由现金流率自由现金流/营收 | — | 4.0% |
| 资本支出强度资本支出/营收 | — | 6.5% |
| 现金转化率经营现金流/净利润 | — | 2.17× |
| 过去12个月自由现金流最近4个季度 | — | $-3.5M |
8季度趋势，按日历期对齐
经营现金流ACTIPGP
| Q4 25 | $724.5M | $28.8M | ||
| Q3 25 | $192.0M | $35.3M | ||
| Q2 25 | $119.5M | $-2.2M | ||
| Q1 25 | $226.7M | $13.4M | ||
| Q4 24 | $686.3M | $73.8M | ||
| Q3 24 | $188.1M | $66.1M | ||
| Q2 24 | $144.7M | $53.5M | ||
| Q1 24 | $187.3M | $54.6M |
自由现金流ACTIPGP
| Q4 25 | — | $10.9M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $-17.6M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $43.0M | ||
| Q2 24 | — | $29.2M | ||
| Q1 24 | — | $26.5M |
自由现金流率ACTIPGP
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | -7.0% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 10.5% |
资本支出强度ACTIPGP
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 11.1% |
现金转化率ACTIPGP
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | — | -0.34× | ||
| Q1 25 | — | 3.58× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.65× | ||
| Q1 24 | — | 2.27× |
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
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
