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Enact Holdings, Inc.（ACT）与VARONIS SYSTEMS INC（VRNS）财务数据对比。点击上方公司名可切换其他公司
Enact Holdings, Inc.的季度营收约是VARONIS SYSTEMS INC的1.8倍（$312.7M vs $173.1M），VARONIS SYSTEMS INC同比增速更快（26.9% vs 3.6%），过去两年VARONIS SYSTEMS INC的营收复合增速更高（15.2% 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。
Varonis Systems是总部位于美国佛罗里达州迈阿密的软件企业，在以色列赫兹利亚设有研发中心。其推出的数据安全平台可分析数据及数据活动，借此识别由访问权限、SaaS应用配置不当引发的数据暴露风险，并可触发自动化修复流程，助力企业保障数据安全。
ACT vs VRNS — 直观对比
营收规模更大
ACT
是对方的1.8倍
$173.1M
营收增速更快
VRNS
高出23.3%
3.6%
两年增速更快
VRNS
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $312.7M | $173.1M |
| 净利润 | — | — |
| 毛利率 | — | 76.0% |
| 营业利润率 | 71.3% | -1.7% |
| 净利率 | — | — |
| 营收同比 | 3.6% | 26.9% |
| 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ACTVRNS
| Q1 26 | — | $173.1M | ||
| Q4 25 | $312.7M | $173.4M | ||
| Q3 25 | $311.5M | $161.6M | ||
| Q2 25 | $304.9M | $152.2M | ||
| Q1 25 | $306.8M | $136.4M | ||
| Q4 24 | $301.8M | $158.5M | ||
| Q3 24 | $309.6M | $148.1M | ||
| Q2 24 | $298.8M | $130.3M |
净利润ACTVRNS
| Q1 26 | — | — | ||
| Q4 25 | — | $-27.8M | ||
| Q3 25 | — | $-29.9M | ||
| Q2 25 | — | $-35.8M | ||
| Q1 25 | — | $-35.8M | ||
| Q4 24 | — | $-13.0M | ||
| Q3 24 | — | $-18.3M | ||
| Q2 24 | — | $-23.9M |
毛利率ACTVRNS
| Q1 26 | — | 76.0% | ||
| Q4 25 | — | 78.9% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 78.7% | ||
| Q4 24 | — | 83.6% | ||
| Q3 24 | — | 83.8% | ||
| Q2 24 | — | 82.8% |
营业利润率ACTVRNS
| Q1 26 | — | -1.7% | ||
| Q4 25 | 71.3% | -17.5% | ||
| Q3 25 | 67.4% | -22.2% | ||
| Q2 25 | 70.4% | -24.0% | ||
| Q1 25 | 68.9% | -32.1% | ||
| Q4 24 | 68.9% | -11.1% | ||
| Q3 24 | 74.1% | -16.0% | ||
| Q2 24 | 78.6% | -22.1% |
净利率ACTVRNS
| Q1 26 | — | — | ||
| Q4 25 | — | -16.0% | ||
| Q3 25 | — | -18.5% | ||
| Q2 25 | — | -23.5% | ||
| Q1 25 | — | -26.2% | ||
| Q4 24 | — | -8.2% | ||
| Q3 24 | — | -12.4% | ||
| Q2 24 | — | -18.4% |
每股收益（稀释后）ACTVRNS
| Q1 26 | — | — | ||
| Q4 25 | $1.23 | $-0.23 | ||
| Q3 25 | $1.10 | $-0.26 | ||
| Q2 25 | $1.11 | $-0.32 | ||
| Q1 25 | $1.08 | $-0.32 | ||
| Q4 24 | $1.05 | $-0.12 | ||
| Q3 24 | $1.15 | $-0.16 | ||
| Q2 24 | $1.16 | $-0.21 |
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 | $179.3M |
| 总债务越低越好 | $744.5M | — |
| 股东权益账面价值 | $5.4B | $453.5M |
| 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ACTVRNS
| Q1 26 | — | $179.3M | ||
| Q4 25 | $582.5M | $883.7M | ||
| Q3 25 | $545.6M | $671.3M | ||
| Q2 25 | $616.0M | $770.9M | ||
| Q1 25 | $639.0M | $567.6M | ||
| Q4 24 | $602.8M | $529.0M | ||
| Q3 24 | $674.9M | $844.8M | ||
| Q2 24 | $711.3M | $582.5M |
总债务ACTVRNS
| 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ACTVRNS
| Q1 26 | — | $453.5M | ||
| Q4 25 | $5.4B | $598.7M | ||
| Q3 25 | $5.3B | $604.8M | ||
| Q2 25 | $5.2B | $341.5M | ||
| Q1 25 | $5.1B | $367.7M | ||
| Q4 24 | $5.0B | $455.7M | ||
| Q3 24 | $5.0B | $428.6M | ||
| Q2 24 | $4.8B | $458.6M |
总资产ACTVRNS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $6.9B | $1.8B | ||
| Q3 25 | $6.9B | $1.7B | ||
| Q2 25 | $6.8B | $1.6B | ||
| Q1 25 | $6.7B | $1.6B | ||
| Q4 24 | $6.5B | $1.7B | ||
| Q3 24 | $6.6B | $1.5B | ||
| Q2 24 | $6.3B | $1.1B |
负债/权益比ACTVRNS
| 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 | $55.0M |
| 自由现金流经营现金流 - 资本支出 | — | $49.0M |
| 自由现金流率自由现金流/营收 | — | 28.3% |
| 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 | — | $118.2M |
8季度趋势，按日历期对齐
经营现金流ACTVRNS
| Q1 26 | — | $55.0M | ||
| Q4 25 | $724.5M | $24.7M | ||
| Q3 25 | $192.0M | $33.4M | ||
| Q2 25 | $119.5M | $21.3M | ||
| Q1 25 | $226.7M | $68.0M | ||
| Q4 24 | $686.3M | $24.3M | ||
| Q3 24 | $188.1M | $22.5M | ||
| Q2 24 | $144.7M | $11.7M |
自由现金流ACTVRNS
| Q1 26 | — | $49.0M | ||
| Q4 25 | — | $20.7M | ||
| Q3 25 | — | $30.4M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $65.7M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | — | $21.3M | ||
| Q2 24 | — | $10.9M |
自由现金流率ACTVRNS
| Q1 26 | — | 28.3% | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 18.8% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 48.1% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 8.4% |
资本支出强度ACTVRNS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.6% |
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
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
