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Enact Holdings, Inc.（ACT）与Sphere Entertainment Co.（SPHR）财务数据对比。点击上方公司名可切换其他公司
Sphere Entertainment Co.的季度营收约是Enact Holdings, Inc.的1.3倍（$393.8M vs $312.1M），Enact Holdings, Inc.净利率更高（53.8% vs 16.4%，领先37.4%），过去两年Sphere Entertainment Co.的营收复合增速更高（12.1% 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。
Sphere Entertainment Co.是总部位于纽约的美国娱乐控股企业，由查尔斯·多兰家族掌控，旗下拥有位于内华达州拉斯维加斯谷帕拉代斯的Sphere演艺场馆，以及总部位于纽约的区域体育网络连锁品牌MSG Networks。
ACT vs SPHR — 直观对比
营收规模更大
SPHR
是对方的1.3倍
$312.1M
净利率更高
ACT
高出37.4%
16.4%
两年增速更快
SPHR
近两年复合增速
2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $312.1M | $393.8M |
| 净利润 | $168.0M | $64.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 7.3% |
| 净利率 | 53.8% | 16.4% |
| 营收同比 | 1.7% | — |
| 净利润同比 | 1.2% | — |
| 每股收益（稀释后） | $1.18 | $2.42 |
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ACTSPHR
| Q1 26 | $312.1M | — | ||
| Q4 25 | $312.7M | $393.8M | ||
| Q3 25 | $311.5M | $262.1M | ||
| Q2 25 | $304.9M | $282.2M | ||
| Q1 25 | $306.8M | $280.1M | ||
| Q4 24 | $301.8M | — | ||
| Q3 24 | $309.6M | $227.1M | ||
| Q2 24 | $298.8M | $272.6M |
净利润ACTSPHR
| Q1 26 | $168.0M | — | ||
| Q4 25 | — | $64.7M | ||
| Q3 25 | — | $-101.2M | ||
| Q2 25 | — | $151.8M | ||
| Q1 25 | — | $-82.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-105.3M | ||
| Q2 24 | — | $-46.6M |
营业利润率ACTSPHR
| Q1 26 | — | — | ||
| Q4 25 | 71.3% | 7.3% | ||
| Q3 25 | 67.4% | -49.5% | ||
| Q2 25 | 70.4% | -17.8% | ||
| Q1 25 | 68.9% | -28.1% | ||
| Q4 24 | 68.9% | — | ||
| Q3 24 | 74.1% | -51.8% | ||
| Q2 24 | 78.6% | -66.3% |
净利率ACTSPHR
| Q1 26 | 53.8% | — | ||
| Q4 25 | — | 16.4% | ||
| Q3 25 | — | -38.6% | ||
| Q2 25 | — | 53.8% | ||
| Q1 25 | — | -29.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -46.4% | ||
| Q2 24 | — | -17.1% |
每股收益（稀释后）ACTSPHR
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.23 | $2.42 | ||
| Q3 25 | $1.10 | $-2.80 | ||
| Q2 25 | $1.11 | $3.39 | ||
| Q1 25 | $1.08 | $-2.27 | ||
| Q4 24 | $1.05 | — | ||
| Q3 24 | $1.15 | $-2.95 | ||
| Q2 24 | $1.16 | $-1.33 |
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 | — |
| 总债务越低越好 | $744.9M | $692.7M |
| 股东权益账面价值 | $5.3B | $2.2B |
| 总资产 | $7.0B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.14× | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资ACTSPHR
| Q1 26 | $549.0M | — | ||
| Q4 25 | $582.5M | — | ||
| Q3 25 | $545.6M | $384.8M | ||
| Q2 25 | $616.0M | $355.7M | ||
| Q1 25 | $639.0M | $465.0M | ||
| Q4 24 | $602.8M | — | ||
| Q3 24 | $674.9M | — | ||
| Q2 24 | $711.3M | $559.8M |
总债务ACTSPHR
| Q1 26 | $744.9M | — | ||
| Q4 25 | $744.5M | $692.7M | ||
| Q3 25 | $744.1M | $733.8M | ||
| Q2 25 | $743.8M | $743.8M | ||
| Q1 25 | $743.4M | $1.3B | ||
| Q4 24 | $743.0M | — | ||
| Q3 24 | $742.7M | $1.4B | ||
| Q2 24 | $742.4M | $1.4B |
股东权益ACTSPHR
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.4B | $2.2B | ||
| Q3 25 | $5.3B | $2.2B | ||
| Q2 25 | $5.2B | $2.3B | ||
| Q1 25 | $5.1B | $2.1B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.0B | $2.3B | ||
| Q2 24 | $4.8B | $2.4B |
总资产ACTSPHR
| Q1 26 | $7.0B | — | ||
| Q4 25 | $6.9B | $4.2B | ||
| Q3 25 | $6.9B | $4.1B | ||
| Q2 25 | $6.8B | $4.2B | ||
| Q1 25 | $6.7B | $4.4B | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $6.6B | $4.6B | ||
| Q2 24 | $6.3B | — |
负债/权益比ACTSPHR
| Q1 26 | 0.14× | — | ||
| Q4 25 | 0.14× | 0.31× | ||
| Q3 25 | 0.14× | 0.34× | ||
| Q2 25 | 0.14× | 0.32× | ||
| Q1 25 | 0.15× | 0.62× | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.15× | 0.59× | ||
| Q2 24 | 0.15× | 0.57× |
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 | — | $180.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | 2.78× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ACTSPHR
| Q1 26 | — | — | ||
| Q4 25 | $724.5M | $180.2M | ||
| Q3 25 | $192.0M | $115.8M | ||
| Q2 25 | $119.5M | $-59.1M | ||
| Q1 25 | $226.7M | $6.3M | ||
| Q4 24 | $686.3M | — | ||
| Q3 24 | $188.1M | $34.1M | ||
| Q2 24 | $144.7M | $-72.4M |
现金转化率ACTSPHR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
SPHR
| Ticketing And Venue License Fee Revenues | $198.5M | 50% |
| Media Networks Revenue | $120.1M | 30% |
| Sponsorship Signage Exosphere Advertising And Suite Licenses | $32.2M | 8% |
| Food Beverage And Merchandise Revenues | $27.6M | 7% |
| Other | $13.2M | 3% |
| Related Party | $2.3M | 1% |
