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Enact Holdings, Inc.（ACT）与PEGASYSTEMS INC（PEGA）财务数据对比。点击上方公司名可切换其他公司
PEGASYSTEMS INC的季度营收约是Enact Holdings, Inc.的1.4倍（$430.0M vs $312.7M），Enact Holdings, Inc.同比增速更快（3.6% vs -9.6%），过去两年PEGASYSTEMS INC的营收复合增速更高（10.7% 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。
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
ACT vs PEGA — 直观对比
营收规模更大
PEGA
是对方的1.4倍
$312.7M
营收增速更快
ACT
高出13.2%
-9.6%
两年增速更快
PEGA
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $312.7M | $430.0M |
| 净利润 | — | $32.8M |
| 毛利率 | — | 75.2% |
| 营业利润率 | 71.3% | 8.6% |
| 净利率 | — | 7.6% |
| 营收同比 | 3.6% | -9.6% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $1.23 | $0.18 |
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ACTPEGA
| Q1 26 | — | $430.0M | ||
| Q4 25 | $312.7M | $504.3M | ||
| Q3 25 | $311.5M | $381.4M | ||
| Q2 25 | $304.9M | $384.5M | ||
| Q1 25 | $306.8M | $475.6M | ||
| Q4 24 | $301.8M | $490.8M | ||
| Q3 24 | $309.6M | $325.1M | ||
| Q2 24 | $298.8M | $351.2M |
净利润ACTPEGA
| Q1 26 | — | $32.8M | ||
| Q4 25 | — | $234.6M | ||
| Q3 25 | — | $43.4M | ||
| Q2 25 | — | $30.1M | ||
| Q1 25 | — | $85.4M | ||
| Q4 24 | — | $119.1M | ||
| Q3 24 | — | $-14.4M | ||
| Q2 24 | — | $6.6M |
毛利率ACTPEGA
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
营业利润率ACTPEGA
| Q1 26 | — | 8.6% | ||
| Q4 25 | 71.3% | 20.7% | ||
| Q3 25 | 67.4% | 3.8% | ||
| Q2 25 | 70.4% | 4.5% | ||
| Q1 25 | 68.9% | 26.7% | ||
| Q4 24 | 68.9% | 29.1% | ||
| Q3 24 | 74.1% | -3.6% | ||
| Q2 24 | 78.6% | 3.7% |
净利率ACTPEGA
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | 46.5% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | -4.4% | ||
| Q2 24 | — | 1.9% |
每股收益（稀释后）ACTPEGA
| Q1 26 | — | $0.18 | ||
| Q4 25 | $1.23 | $0.81 | ||
| Q3 25 | $1.10 | $0.24 | ||
| Q2 25 | $1.11 | $0.17 | ||
| Q1 25 | $1.08 | $0.91 | ||
| Q4 24 | $1.05 | $1.35 | ||
| Q3 24 | $1.15 | $-0.17 | ||
| Q2 24 | $1.16 | $0.07 |
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 | $270.0M |
| 总债务越低越好 | $744.5M | — |
| 股东权益账面价值 | $5.4B | $705.9M |
| 总资产 | $6.9B | $1.6B |
| 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ACTPEGA
| Q1 26 | — | $270.0M | ||
| Q4 25 | $582.5M | $425.8M | ||
| Q3 25 | $545.6M | $351.4M | ||
| Q2 25 | $616.0M | $411.6M | ||
| Q1 25 | $639.0M | $371.7M | ||
| Q4 24 | $602.8M | $740.0M | ||
| Q3 24 | $674.9M | $703.0M | ||
| Q2 24 | $711.3M | $665.1M |
总债务ACTPEGA
| Q1 26 | — | — | ||
| 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 | — |
股东权益ACTPEGA
| Q1 26 | — | $705.9M | ||
| Q4 25 | $5.4B | $787.4M | ||
| Q3 25 | $5.3B | $596.8M | ||
| Q2 25 | $5.2B | $624.5M | ||
| Q1 25 | $5.1B | $611.3M | ||
| Q4 24 | $5.0B | $585.5M | ||
| Q3 24 | $5.0B | $473.0M | ||
| Q2 24 | $4.8B | $435.4M |
总资产ACTPEGA
| Q1 26 | — | $1.6B | ||
| Q4 25 | $6.9B | $1.6B | ||
| Q3 25 | $6.9B | $1.3B | ||
| Q2 25 | $6.8B | $1.3B | ||
| Q1 25 | $6.7B | $1.3B | ||
| Q4 24 | $6.5B | $1.8B | ||
| Q3 24 | $6.6B | $1.6B | ||
| Q2 24 | $6.3B | $1.5B |
负债/权益比ACTPEGA
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $206.5M |
| 自由现金流率自由现金流/营收 | — | 48.0% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $494.9M |
8季度趋势，按日历期对齐
经营现金流ACTPEGA
| Q1 26 | — | — | ||
| Q4 25 | $724.5M | $158.4M | ||
| Q3 25 | $192.0M | $56.3M | ||
| Q2 25 | $119.5M | $86.3M | ||
| Q1 25 | $226.7M | $204.2M | ||
| Q4 24 | $686.3M | $95.2M | ||
| Q3 24 | $188.1M | $30.5M | ||
| Q2 24 | $144.7M | $40.1M |
自由现金流ACTPEGA
| Q1 26 | — | $206.5M | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $51.8M | ||
| Q2 25 | — | $84.1M | ||
| Q1 25 | — | $202.3M | ||
| Q4 24 | — | $92.4M | ||
| Q3 24 | — | $27.4M | ||
| Q2 24 | — | $38.8M |
自由现金流率ACTPEGA
| Q1 26 | — | 48.0% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 42.5% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 11.1% |
资本支出强度ACTPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.4% |
现金转化率ACTPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | — | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.06× |
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
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
