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Enact Holdings, Inc.（ACT）与NATIONAL HEALTHCARE CORP（NHC）财务数据对比。点击上方公司名可切换其他公司
NATIONAL HEALTHCARE CORP的季度营收约是Enact Holdings, Inc.的1.2倍（$386.5M vs $312.1M），Enact Holdings, Inc.净利率更高（53.8% vs 6.4%，领先47.4%），NATIONAL HEALTHCARE CORP同比增速更快（4.6% vs 1.7%），过去两年NATIONAL HEALTHCARE CORP的营收复合增速更高（14.0% 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。
HCA Healthcare是1968年成立的美国营利性医疗服务运营商，总部位于田纳西州纳什维尔。截至2020年5月，该公司在全美20个州及英国持有并运营186家医院，还有约2400个医疗服务网点，涵盖手术中心、独立急诊室、紧急护理中心及医师诊所，2024年位列美国财富500强第61位。
ACT vs NHC — 直观对比
营收规模更大
NHC
是对方的1.2倍
$312.1M
营收增速更快
NHC
高出2.9%
1.7%
净利率更高
ACT
高出47.4%
6.4%
两年增速更快
NHC
近两年复合增速
2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $312.1M | $386.5M |
| 净利润 | $168.0M | $24.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 8.6% |
| 净利率 | 53.8% | 6.4% |
| 营收同比 | 1.7% | 4.6% |
| 净利润同比 | 1.2% | 308.6% |
| 每股收益（稀释后） | $1.18 | $1.58 |
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ACTNHC
| Q1 26 | $312.1M | — | ||
| Q4 25 | $312.7M | $386.5M | ||
| Q3 25 | $311.5M | $382.7M | ||
| Q2 25 | $304.9M | $374.9M | ||
| Q1 25 | $306.8M | $373.7M | ||
| Q4 24 | $301.8M | $369.4M | ||
| Q3 24 | $309.6M | $340.2M | ||
| Q2 24 | $298.8M | $300.7M |
净利润ACTNHC
| Q1 26 | $168.0M | — | ||
| Q4 25 | — | $24.8M | ||
| Q3 25 | — | $39.2M | ||
| Q2 25 | — | $23.7M | ||
| Q1 25 | — | $32.2M | ||
| Q4 24 | — | $6.1M | ||
| Q3 24 | — | $42.8M | ||
| Q2 24 | — | $26.8M |
营业利润率ACTNHC
| Q1 26 | — | — | ||
| Q4 25 | 71.3% | 8.6% | ||
| Q3 25 | 67.4% | 7.9% | ||
| Q2 25 | 70.4% | 9.1% | ||
| Q1 25 | 68.9% | 8.2% | ||
| Q4 24 | 68.9% | 7.8% | ||
| Q3 24 | 74.1% | 6.7% | ||
| Q2 24 | 78.6% | 7.5% |
净利率ACTNHC
| Q1 26 | 53.8% | — | ||
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 10.3% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 8.9% |
每股收益（稀释后）ACTNHC
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.23 | $1.58 | ||
| Q3 25 | $1.10 | $2.50 | ||
| Q2 25 | $1.11 | $1.52 | ||
| Q1 25 | $1.08 | $2.07 | ||
| Q4 24 | $1.05 | $0.38 | ||
| Q3 24 | $1.15 | $2.73 | ||
| Q2 24 | $1.16 | $1.73 |
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 | $92.8M |
| 总债务越低越好 | $744.9M | $40.0M |
| 股东权益账面价值 | $5.3B | $1.1B |
| 总资产 | $7.0B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.14× | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资ACTNHC
| Q1 26 | $549.0M | — | ||
| Q4 25 | $582.5M | $92.8M | ||
| Q3 25 | $545.6M | $130.6M | ||
| Q2 25 | $616.0M | $111.0M | ||
| Q1 25 | $639.0M | $90.4M | ||
| Q4 24 | $602.8M | $76.1M | ||
| Q3 24 | $674.9M | $84.8M | ||
| Q2 24 | $711.3M | $136.2M |
总债务ACTNHC
| Q1 26 | $744.9M | — | ||
| Q4 25 | $744.5M | $40.0M | ||
| Q3 25 | $744.1M | $73.1M | ||
| Q2 25 | $743.8M | $110.0M | ||
| Q1 25 | $743.4M | $134.0M | ||
| Q4 24 | $743.0M | $137.0M | ||
| Q3 24 | $742.7M | $147.0M | ||
| Q2 24 | $742.4M | — |
股东权益ACTNHC
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.4B | $1.1B | ||
| Q3 25 | $5.3B | $1.1B | ||
| Q2 25 | $5.2B | $1.0B | ||
| Q1 25 | $5.1B | $1.0B | ||
| Q4 24 | $5.0B | $980.2M | ||
| Q3 24 | $5.0B | $983.5M | ||
| Q2 24 | $4.8B | $945.8M |
总资产ACTNHC
| Q1 26 | $7.0B | — | ||
| Q4 25 | $6.9B | $1.5B | ||
| Q3 25 | $6.9B | $1.6B | ||
| Q2 25 | $6.8B | $1.6B | ||
| Q1 25 | $6.7B | $1.5B | ||
| Q4 24 | $6.5B | $1.5B | ||
| Q3 24 | $6.6B | $1.6B | ||
| Q2 24 | $6.3B | $1.3B |
负债/权益比ACTNHC
| Q1 26 | 0.14× | — | ||
| Q4 25 | 0.14× | 0.04× | ||
| Q3 25 | 0.14× | 0.07× | ||
| Q2 25 | 0.14× | 0.11× | ||
| Q1 25 | 0.15× | 0.13× | ||
| Q4 24 | 0.15× | 0.14× | ||
| Q3 24 | 0.15× | 0.15× | ||
| Q2 24 | 0.15× | — |
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 | — | $16.8M |
| 自由现金流经营现金流 - 资本支出 | — | $6.4M |
| 自由现金流率自由现金流/营收 | — | 1.7% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 现金转化率经营现金流/净利润 | — | 0.68× |
| 过去12个月自由现金流最近4个季度 | — | $148.6M |
8季度趋势，按日历期对齐
经营现金流ACTNHC
| Q1 26 | — | — | ||
| Q4 25 | $724.5M | $16.8M | ||
| Q3 25 | $192.0M | $66.2M | ||
| Q2 25 | $119.5M | $62.8M | ||
| Q1 25 | $226.7M | $39.3M | ||
| Q4 24 | $686.3M | $12.8M | ||
| Q3 24 | $188.1M | $34.2M | ||
| Q2 24 | $144.7M | $50.7M |
自由现金流ACTNHC
| Q1 26 | — | — | ||
| Q4 25 | — | $6.4M | ||
| Q3 25 | — | $56.5M | ||
| Q2 25 | — | $52.6M | ||
| Q1 25 | — | $33.1M | ||
| Q4 24 | — | $4.6M | ||
| Q3 24 | — | $28.6M | ||
| Q2 24 | — | $42.8M |
自由现金流率ACTNHC
| Q1 26 | — | — | ||
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 14.2% |
资本支出强度ACTNHC
| Q1 26 | — | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.6% |
现金转化率ACTNHC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | — | 2.65× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 1.89× |
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% |
NHC
| Inpatient Services Segment | $333.7M | 86% |
| Homecare Services Segment | $40.0M | 10% |
| Other | $11.2M | 3% |
| National | $1.6M | 0% |
