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Enact Holdings, Inc.（ACT）与SUBURBAN PROPANE PARTNERS LP（SPH）财务数据对比。点击上方公司名可切换其他公司
SUBURBAN PROPANE PARTNERS LP的季度营收约是Enact Holdings, Inc.的1.2倍（$370.4M vs $312.7M），Enact Holdings, Inc.同比增速更快（3.6% vs -0.8%），过去两年Enact Holdings, Inc.的营收复合增速更高（3.6% vs -13.8%）
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。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
ACT vs SPH — 直观对比
营收规模更大
SPH
是对方的1.2倍
$312.7M
营收增速更快
ACT
高出4.4%
-0.8%
两年增速更快
ACT
近两年复合增速
-13.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $312.7M | $370.4M |
| 净利润 | — | $45.8M |
| 毛利率 | — | 64.7% |
| 营业利润率 | 71.3% | 18.3% |
| 净利率 | — | 12.4% |
| 营收同比 | 3.6% | -0.8% |
| 净利润同比 | — | 135.7% |
| 每股收益（稀释后） | $1.23 | $0.69 |
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ACTSPH
| Q4 25 | $312.7M | $370.4M | ||
| Q3 25 | $311.5M | $211.4M | ||
| Q2 25 | $304.9M | $260.1M | ||
| Q1 25 | $306.8M | $587.7M | ||
| Q4 24 | $301.8M | $373.3M | ||
| Q3 24 | $309.6M | $208.6M | ||
| Q2 24 | $298.8M | $254.6M | ||
| Q1 24 | $291.6M | $498.1M |
净利润ACTSPH
| Q4 25 | — | $45.8M | ||
| Q3 25 | — | $-35.1M | ||
| Q2 25 | — | $-14.8M | ||
| Q1 25 | — | $137.1M | ||
| Q4 24 | — | $19.4M | ||
| Q3 24 | — | $-44.6M | ||
| Q2 24 | — | $-17.2M | ||
| Q1 24 | — | $111.5M |
毛利率ACTSPH
| Q4 25 | — | 64.7% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 61.7% | ||
| Q1 25 | — | 58.8% | ||
| Q4 24 | — | 60.6% | ||
| Q3 24 | — | 59.4% | ||
| Q2 24 | — | 62.9% | ||
| Q1 24 | — | 61.8% |
营业利润率ACTSPH
| Q4 25 | 71.3% | 18.3% | ||
| Q3 25 | 67.4% | -7.9% | ||
| Q2 25 | 70.4% | 2.1% | ||
| Q1 25 | 68.9% | 27.0% | ||
| Q4 24 | 68.9% | 15.8% | ||
| Q3 24 | 74.1% | -10.8% | ||
| Q2 24 | 78.6% | 3.2% | ||
| Q1 24 | 70.6% | 27.5% |
净利率ACTSPH
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | -16.6% | ||
| Q2 25 | — | -5.7% | ||
| Q1 25 | — | 23.3% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | — | -21.4% | ||
| Q2 24 | — | -6.8% | ||
| Q1 24 | — | 22.4% |
每股收益（稀释后）ACTSPH
| Q4 25 | $1.23 | $0.69 | ||
| Q3 25 | $1.10 | $-0.55 | ||
| Q2 25 | $1.11 | $-0.23 | ||
| Q1 25 | $1.08 | $2.10 | ||
| Q4 24 | $1.05 | $0.30 | ||
| Q3 24 | $1.15 | $-0.69 | ||
| Q2 24 | $1.16 | $-0.27 | ||
| Q1 24 | $1.01 | $1.72 |
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 | $1.3M |
| 总债务越低越好 | $744.5M | $1.3B |
| 股东权益账面价值 | $5.4B | — |
| 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ACTSPH
| Q4 25 | $582.5M | $1.3M | ||
| Q3 25 | $545.6M | $405.0K | ||
| Q2 25 | $616.0M | $1.3M | ||
| Q1 25 | $639.0M | $3.9M | ||
| Q4 24 | $602.8M | $4.4M | ||
| Q3 24 | $674.9M | $3.2M | ||
| Q2 24 | $711.3M | $4.9M | ||
| Q1 24 | $624.3M | $4.4M |
总债务ACTSPH
| Q4 25 | $744.5M | $1.3B | ||
| Q3 25 | $744.1M | $1.2B | ||
| Q2 25 | $743.8M | $1.2B | ||
| Q1 25 | $743.4M | $1.3B | ||
| Q4 24 | $743.0M | $1.3B | ||
| Q3 24 | $742.7M | $1.2B | ||
| Q2 24 | $742.4M | $1.2B | ||
| Q1 24 | $746.1M | $1.2B |
股东权益ACTSPH
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.3B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $4.8B | — | ||
| Q1 24 | $4.7B | — |
总资产ACTSPH
| Q4 25 | $6.9B | $2.4B | ||
| Q3 25 | $6.9B | $2.3B | ||
| Q2 25 | $6.8B | $2.3B | ||
| Q1 25 | $6.7B | $2.4B | ||
| Q4 24 | $6.5B | $2.4B | ||
| Q3 24 | $6.6B | $2.3B | ||
| Q2 24 | $6.3B | $2.3B | ||
| Q1 24 | $6.3B | $2.3B |
负债/权益比ACTSPH
| 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 | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-67.5M |
| 自由现金流率自由现金流/营收 | — | -18.2% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 现金转化率经营现金流/净利润 | — | -1.04× |
| 过去12个月自由现金流最近4个季度 | — | $61.9M |
8季度趋势，按日历期对齐
经营现金流ACTSPH
| Q4 25 | $724.5M | $-47.7M | ||
| Q3 25 | $192.0M | $41.8M | ||
| Q2 25 | $119.5M | $95.5M | ||
| Q1 25 | $226.7M | $40.1M | ||
| Q4 24 | $686.3M | $8.8M | ||
| Q3 24 | $188.1M | $36.8M | ||
| Q2 24 | $144.7M | $61.4M | ||
| Q1 24 | $187.3M | $75.1M |
自由现金流ACTSPH
| Q4 25 | — | $-67.5M | ||
| Q3 25 | — | $27.7M | ||
| Q2 25 | — | $80.9M | ||
| Q1 25 | — | $20.8M | ||
| Q4 24 | — | $-15.1M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | — | $46.8M | ||
| Q1 24 | — | $60.6M |
自由现金流率ACTSPH
| Q4 25 | — | -18.2% | ||
| Q3 25 | — | 13.1% | ||
| Q2 25 | — | 31.1% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | 18.4% | ||
| Q1 24 | — | 12.2% |
资本支出强度ACTSPH
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | 2.9% |
现金转化率ACTSPH
| Q4 25 | — | -1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.67× |
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
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
