vs
Enact Holdings, Inc.（ACT）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
世纪互联的季度营收约是Enact Holdings, Inc.的1.2倍（$362.7M vs $312.7M），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
ACT vs VNET — 直观对比
营收规模更大
VNET
是对方的1.2倍
$312.7M
两年增速更快
VNET
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $312.7M | $362.7M |
| 净利润 | — | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 71.3% | 0.5% |
| 净利率 | — | -10.7% |
| 营收同比 | 3.6% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $1.23 | — |
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ACTVNET
| Q4 25 | $312.7M | — | ||
| Q3 25 | $311.5M | $362.7M | ||
| Q2 25 | $304.9M | — | ||
| Q1 25 | $306.8M | $309.5M | ||
| Q4 24 | $301.8M | — | ||
| Q3 24 | $309.6M | $302.2M | ||
| Q2 24 | $298.8M | $274.4M | ||
| Q1 24 | $291.6M | $262.9M |
净利润ACTVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-38.7M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-2.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-2.1M | ||
| Q2 24 | — | $-1.1M | ||
| Q1 24 | — | $-22.0M |
毛利率ACTVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率ACTVNET
| Q4 25 | 71.3% | — | ||
| Q3 25 | 67.4% | 0.5% | ||
| Q2 25 | 70.4% | — | ||
| Q1 25 | 68.9% | 0.1% | ||
| Q4 24 | 68.9% | — | ||
| Q3 24 | 74.1% | 24.5% | ||
| Q2 24 | 78.6% | 0.2% | ||
| Q1 24 | 70.6% | 0.2% |
净利率ACTVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -10.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | — | -0.4% | ||
| Q1 24 | — | -8.4% |
每股收益（稀释后）ACTVNET
| Q4 25 | $1.23 | — | ||
| Q3 25 | $1.10 | — | ||
| Q2 25 | $1.11 | — | ||
| Q1 25 | $1.08 | — | ||
| Q4 24 | $1.05 | — | ||
| Q3 24 | $1.15 | — | ||
| Q2 24 | $1.16 | — | ||
| Q1 24 | $1.01 | — |
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 | $492.1M |
| 总债务越低越好 | $744.5M | — |
| 股东权益账面价值 | $5.4B | $890.8M |
| 总资产 | $6.9B | $6.1B |
| 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ACTVNET
| Q4 25 | $582.5M | — | ||
| Q3 25 | $545.6M | $492.1M | ||
| Q2 25 | $616.0M | — | ||
| Q1 25 | $639.0M | $544.3M | ||
| Q4 24 | $602.8M | — | ||
| Q3 24 | $674.9M | $219.5M | ||
| Q2 24 | $711.3M | $247.2M | ||
| Q1 24 | $624.3M | $246.9M |
总债务ACTVNET
| Q4 25 | $744.5M | — | ||
| Q3 25 | $744.1M | — | ||
| Q2 25 | $743.8M | — | ||
| Q1 25 | $743.4M | — | ||
| Q4 24 | $743.0M | — | ||
| Q3 24 | $742.7M | $1.2B | ||
| Q2 24 | $742.4M | — | ||
| Q1 24 | $746.1M | — |
股东权益ACTVNET
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.3B | $890.8M | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $5.1B | $927.8M | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.0B | $902.9M | ||
| Q2 24 | $4.8B | $900.6M | ||
| Q1 24 | $4.7B | $895.1M |
总资产ACTVNET
| Q4 25 | $6.9B | — | ||
| Q3 25 | $6.9B | $6.1B | ||
| Q2 25 | $6.8B | — | ||
| Q1 25 | $6.7B | $5.4B | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $6.6B | $4.3B | ||
| Q2 24 | $6.3B | $4.0B | ||
| Q1 24 | $6.3B | $3.9B |
负债/权益比ACTVNET
| Q4 25 | 0.14× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.15× | 1.28× | ||
| 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 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 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流ACTVNET
| Q4 25 | $724.5M | — | ||
| Q3 25 | $192.0M | $113.8M | ||
| Q2 25 | $119.5M | — | ||
| Q1 25 | $226.7M | $27.0M | ||
| Q4 24 | $686.3M | — | ||
| Q3 24 | $188.1M | $108.3M | ||
| Q2 24 | $144.7M | $55.8M | ||
| Q1 24 | $187.3M | $37.1M |
自由现金流ACTVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率ACTVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度ACTVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
