vs
Enact Holdings, Inc.（ACT）与威达信集团（MRSH）财务数据对比。点击上方公司名可切换其他公司
威达信集团的季度营收约是Enact Holdings, Inc.的21.1倍（$6.6B vs $312.7M）。威达信集团同比增速更快（8.7% vs 3.6%）。过去两年Enact Holdings, Inc.的营收复合增速更高（3.6% vs 0.9%）
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。
威达信集团是总部位于纽约的全球专业服务企业，核心业务涵盖保险经纪、风险管理、再保险服务、人才管理、投资咨询及管理咨询，旗下拥有达信（Marsh）等四大运营子公司，可提供风险建模、定制风险融资方案等多元专业服务。
ACT vs MRSH — 直观对比
营收规模更大
MRSH
是对方的21.1倍
$312.7M
营收增速更快
MRSH
高出5.1%
3.6%
两年增速更快
ACT
近两年复合增速
0.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $312.7M | $6.6B |
| 净利润 | — | $821.0M |
| 毛利率 | — | — |
| 营业利润率 | 71.3% | 18.5% |
| 净利率 | — | 12.4% |
| 营收同比 | 3.6% | 8.7% |
| 净利润同比 | — | 4.2% |
| 每股收益（稀释后） | $1.23 | $1.68 |
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ACTMRSH
| Q4 25 | $312.7M | $6.6B | ||
| Q3 25 | $311.5M | $6.4B | ||
| Q2 25 | $304.9M | $7.0B | ||
| Q1 25 | $306.8M | $7.1B | ||
| Q4 24 | $301.8M | $6.1B | ||
| Q3 24 | $309.6M | $5.7B | ||
| Q2 24 | $298.8M | $6.2B | ||
| Q1 24 | $291.6M | $6.5B |
净利润ACTMRSH
| Q4 25 | — | $821.0M | ||
| Q3 25 | — | $747.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $788.0M | ||
| Q3 24 | — | $747.0M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.4B |
营业利润率ACTMRSH
| Q4 25 | 71.3% | 18.5% | ||
| Q3 25 | 67.4% | 18.4% | ||
| Q2 25 | 70.4% | 26.2% | ||
| Q1 25 | 68.9% | 28.4% | ||
| Q4 24 | 68.9% | 18.8% | ||
| Q3 24 | 74.1% | 19.4% | ||
| Q2 24 | 78.6% | 26.4% | ||
| Q1 24 | 70.6% | 29.7% |
净利率ACTMRSH
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 19.6% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 18.1% | ||
| Q1 24 | — | 21.6% |
每股收益（稀释后）ACTMRSH
| Q4 25 | $1.23 | $1.68 | ||
| Q3 25 | $1.10 | $1.51 | ||
| Q2 25 | $1.11 | $2.45 | ||
| Q1 25 | $1.08 | $2.79 | ||
| Q4 24 | $1.05 | $1.58 | ||
| Q3 24 | $1.15 | $1.51 | ||
| Q2 24 | $1.16 | $2.27 | ||
| Q1 24 | $1.01 | $2.82 |
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 | $2.7B |
| 总债务越低越好 | $744.5M | $19.6B |
| 股东权益账面价值 | $5.4B | $15.3B |
| 总资产 | $6.9B | $58.7B |
| 负债/权益比越低杠杆越低 | 0.14× | 1.28× |
8季度趋势，按日历期对齐
现金及短期投资ACTMRSH
| Q4 25 | $582.5M | $2.7B | ||
| Q3 25 | $545.6M | $2.5B | ||
| Q2 25 | $616.0M | $1.7B | ||
| Q1 25 | $639.0M | $1.6B | ||
| Q4 24 | $602.8M | $2.4B | ||
| Q3 24 | $674.9M | $1.8B | ||
| Q2 24 | $711.3M | $1.7B | ||
| Q1 24 | $624.3M | $1.5B |
总债务ACTMRSH
| Q4 25 | $744.5M | $19.6B | ||
| Q3 25 | $744.1M | $19.6B | ||
| Q2 25 | $743.8M | $19.6B | ||
| Q1 25 | $743.4M | $19.5B | ||
| Q4 24 | $743.0M | $19.9B | ||
| Q3 24 | $742.7M | $12.8B | ||
| Q2 24 | $742.4M | $12.8B | ||
| Q1 24 | $746.1M | $13.4B |
股东权益ACTMRSH
| Q4 25 | $5.4B | $15.3B | ||
| Q3 25 | $5.3B | $15.4B | ||
| Q2 25 | $5.2B | $16.0B | ||
| Q1 25 | $5.1B | $14.3B | ||
| Q4 24 | $5.0B | $13.5B | ||
| Q3 24 | $5.0B | $13.9B | ||
| Q2 24 | $4.8B | $13.6B | ||
| Q1 24 | $4.7B | $12.6B |
总资产ACTMRSH
| Q4 25 | $6.9B | $58.7B | ||
| Q3 25 | $6.9B | $58.8B | ||
| Q2 25 | $6.8B | $58.6B | ||
| Q1 25 | $6.7B | $57.0B | ||
| Q4 24 | $6.5B | $56.5B | ||
| Q3 24 | $6.6B | $49.9B | ||
| Q2 24 | $6.3B | $48.6B | ||
| Q1 24 | $6.3B | $47.6B |
负债/权益比ACTMRSH
| Q4 25 | 0.14× | 1.28× | ||
| Q3 25 | 0.14× | 1.27× | ||
| Q2 25 | 0.14× | 1.23× | ||
| Q1 25 | 0.15× | 1.37× | ||
| Q4 24 | 0.15× | 1.47× | ||
| Q3 24 | 0.15× | 0.93× | ||
| Q2 24 | 0.15× | 0.94× | ||
| Q1 24 | 0.16× | 1.06× |
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 | $2.2B |
| 自由现金流经营现金流 - 资本支出 | — | $2.1B |
| 自由现金流率自由现金流/营收 | — | 31.2% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | — | 2.63× |
| 过去12个月自由现金流最近4个季度 | — | $5.0B |
8季度趋势，按日历期对齐
经营现金流ACTMRSH
| Q4 25 | $186.3M | $2.2B | ||
| Q3 25 | $192.0M | $2.1B | ||
| Q2 25 | $119.5M | $1.7B | ||
| Q1 25 | $226.7M | $-622.0M | ||
| Q4 24 | $166.1M | $2.0B | ||
| Q3 24 | $188.1M | $1.9B | ||
| Q2 24 | $144.7M | $1.2B | ||
| Q1 24 | $187.3M | $-781.0M |
自由现金流ACTMRSH
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $-677.0M | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $-868.0M |
自由现金流率ACTMRSH
| Q4 25 | — | 31.2% | ||
| Q3 25 | — | 31.6% | ||
| Q2 25 | — | 23.1% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | — | 31.0% | ||
| Q3 24 | — | 32.3% | ||
| Q2 24 | — | 18.2% | ||
| Q1 24 | — | -13.4% |
资本支出强度ACTMRSH
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.3% |
现金转化率ACTMRSH
| Q4 25 | — | 2.63× | ||
| Q3 25 | — | 2.79× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | -0.45× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | 1.08× | ||
| Q1 24 | — | -0.56× |
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
MRSH
| Marsh Insurance Group | $3.6B | 55% |
| Consulting Segment | $2.6B | 40% |
| Guy Carpenter Reinsurance Group | $179.0M | 3% |
| Other | $175.0M | 3% |
