What is Enact Holdings, Inc.'s earnings per share (EPS)?

Enact Holdings, Inc. (ACT) reported diluted earnings per share of $4.52 for fiscal year 2025. This represents a 3.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Enact Holdings, Inc. Financials

ACT

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Enact Holdings, Inc. (ACT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ACT FY2025 2026-04-21

Retained earnings are steadily delevering the balance sheet while buybacks do more of the work on per-share growth.

Per-share progress is being driven more by capital allocation than by higher total profit: FY2025 net income of $674.2M was still below FY2022's $704.2M, yet EPS reached a new high because the share count kept shrinking. Meanwhile ROE compressed from 17.2% to 12.6%, showing retained earnings are enlarging equity faster than profits are scaling, so the business is becoming better capitalized even while each dollar of equity earns a bit less.

Leverage is easing through accumulation, not repayment: long-term debt stayed near $744.5M while equity grew to $5.4B. Because borrowing has been roughly flat, the stronger capital base is coming mainly from profits kept inside the business rather than from a more aggressive debt posture.

Operating cash flow of $724.5M exceeded net income of $674.2M, so earnings quality looks sturdy rather than dependent on non-cash accounting gains. At the same time, overhead discipline helped preserve net margin above 54.0%, which gives management room to keep funding dividends and buybacks from internally generated cash.

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Enact Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Enact Holdings, Inc.'s revenue grew a modest 2.8% year-over-year to $1.2B. This slow but positive growth earns a score of 39/100.

Leverage

Enact Holdings, Inc. carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Returns

Enact Holdings, Inc.'s ROE of 12.6% shows moderate profitability relative to equity, earning a score of 41/100. This is down from 13.8% the prior year.

Piotroski F-Score Neutral

5/9

Enact Holdings, Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.07x

For every $1 of reported earnings, Enact Holdings, Inc. generates $1.07 in operating cash flow ($724.5M OCF vs $674.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.2B

YoY+2.8%

5Y CAGR+2.2%

Enact Holdings, Inc. generated $1.2B in revenue in fiscal year 2025. This represents an increase of 2.8% from the prior year.

EBITDA

N/A

Net Income

$674.2M

YoY-2.0%

5Y CAGR+12.7%

Enact Holdings, Inc. reported $674.2M in net income in fiscal year 2025. This represents a decrease of 2.0% from the prior year.

EPS (Diluted)

$4.52

YoY+3.4%

5Y CAGR+14.8%

Enact Holdings, Inc. earned $4.52 per diluted share (EPS) in fiscal year 2025. This represents an increase of 3.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$582.5M

YoY-2.8%

5Y CAGR+5.2%

Enact Holdings, Inc. held $582.5M in cash against $744.5M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.81

YoY+14.0%

Enact Holdings, Inc. paid $0.81 per share in dividends in fiscal year 2025. This represents an increase of 14.0% from the prior year.

Shares Outstanding

142M

YoY-6.6%

5Y CAGR-2.7%

Enact Holdings, Inc. had 142M shares outstanding in fiscal year 2025. This represents a decrease of 6.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

54.6%

YoY-2.7pp

5Y CAGR+21.1pp

Enact Holdings, Inc.'s net profit margin was 54.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.7 percentage points from the prior year.

Return on Equity

12.6%

YoY-1.2pp

5Y CAGR+3.1pp

Enact Holdings, Inc.'s ROE was 12.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$382.4M

YoY+56.7%

Enact Holdings, Inc. spent $382.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 56.7% from the prior year.

Capital Expenditures

N/A

ACT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.2B+2.8%	$1.2B+4.2%	$1.2B+5.4%	$1.1B-2.0%	$1.1B+1.0%	$1.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$208.3M-2.3%	$213.3M+0.4%	$212.5M-6.4%	$226.9M-1.9%	$231.5M+7.6%	$215.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$49.9M-2.4%	$51.2M-1.4%	$51.9M+0.3%	$51.7M+1.4%	$51.0M+179.6%	$18.2M
Income Tax	$184.6M-2.8%	$190.0M+2.1%	$186.0M-4.2%	$194.1M+30.7%	$148.5M+45.6%	$102.0M
Net Income	$674.2M-2.0%	$688.1M+3.4%	$665.5M-5.5%	$704.2M+28.8%	$546.7M+47.6%	$370.4M
EPS (Diluted)	$4.52+3.4%	$4.37+6.3%	$4.11-4.6%	$4.31+28.3%	$3.36+48.0%	$2.27

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$312.7M+0.4%	$311.5M+2.2%	$304.9M-0.6%	$306.8M+1.7%	$301.8M-2.5%	$309.6M+3.6%	$298.8M+2.5%	$291.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$12.5M-3.3%	$12.9M+4.9%	$12.3M0.0%	$12.3M+0.2%	$12.3M-0.2%	$12.3M-9.9%	$13.6M+5.3%	$13.0M
Income Tax	$45.9M-0.9%	$46.3M-0.8%	$46.7M+2.3%	$45.6M+1.2%	$45.1M-7.5%	$48.8M-4.6%	$51.2M+13.8%	$44.9M
Net Income	$177.2M+8.4%	$163.5M-2.6%	$167.8M+1.2%	$165.8M+1.9%	$162.7M-9.9%	$180.7M-1.6%	$183.7M+14.1%	$161.0M
EPS (Diluted)	N/A	$1.10-0.9%	$1.11+2.8%	$1.08	N/A	$1.15-0.9%	$1.16+14.9%	$1.01

ACT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$6.9B+5.7%	$6.5B+5.3%	$6.2B+8.4%	$5.7B-2.7%	$5.9B+3.8%	$5.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$582.5M-2.8%	$599.4M-2.6%	$615.7M+19.8%	$513.8M+20.7%	$425.8M-6.0%	$452.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5B+0.8%	$1.5B-2.1%	$1.6B-3.1%	$1.6B-8.6%	$1.8B-0.6%	$1.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$744.5M+0.2%	$743.0M-0.3%	$745.4M+0.3%	$742.8M+0.3%	$740.4M+0.3%	$738.2M
Total Equity	$5.4B+7.2%	$5.0B+7.9%	$4.6B+13.0%	$4.1B-0.1%	$4.1B+5.8%	$3.9B
Retained Earnings	$3.7B+17.7%	$3.1B+22.5%	$2.6B+21.4%	$2.1B+27.4%	$1.6B+26.5%	$1.3B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$6.9B+0.2%	$6.9B+1.5%	$6.8B+0.8%	$6.7B+3.1%	$6.5B-1.1%	$6.6B+3.9%	$6.3B+0.7%	$6.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$582.5M+7.2%	$543.6M-11.3%	$613.0M-3.5%	$635.3M+6.0%	$599.4M-11.0%	$673.4M-3.7%	$699.0M+13.8%	$614.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5B-1.3%	$1.6B+0.6%	$1.6B-3.2%	$1.6B+5.0%	$1.5B-2.3%	$1.6B+2.4%	$1.5B-4.2%	$1.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$744.5M0.0%	$744.1M0.0%	$743.8M0.0%	$743.4M0.0%	$743.0M0.0%	$742.7M0.0%	$742.4M-0.5%	$746.1M
Total Equity	$5.4B+0.7%	$5.3B+1.8%	$5.2B+2.0%	$5.1B+2.5%	$5.0B-0.8%	$5.0B+4.4%	$4.8B+2.4%	$4.7B
Retained Earnings	$3.7B+4.2%	$3.5B+3.9%	$3.4B+4.2%	$3.3B+4.4%	$3.1B+4.5%	$3.0B+5.3%	$2.8B+5.7%	$2.7B

ACT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$724.5M+5.6%	$686.3M+8.6%	$632.0M+12.8%	$560.5M-2.0%	$572.1M-18.8%	$704.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$226.4M+29.4%	-$320.5M-39.7%	-$229.4M-4.2%	-$220.3M+44.8%	-$398.8M+64.9%	-$1.1B
Financing Cash Flow	-$515.1M-34.8%	-$382.0M-27.0%	-$300.7M-19.2%	-$252.3M-26.0%	-$200.3M-166.7%	$300.3M
Dividends Paid	$120.8M+8.2%	$111.7M-47.5%	$213.0M-15.1%	$250.8M+25.2%	$200.3M-54.2%	$437.4M
Share Buybacks	$382.4M+56.7%	$244.0M+178.0%	$87.8M+5628.6%	$1.5M	$0	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$186.3M-3.0%	$192.0M+60.7%	$119.5M-47.3%	$226.7M+36.5%	$166.1M-11.7%	$188.1M+30.0%	$144.7M-22.7%	$187.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$10.1M+108.3%	-$121.3M-373.4%	-$25.6M+71.4%	-$89.6M+34.6%	-$136.9M-33.8%	-$102.3M-417.8%	$32.2M+128.4%	-$113.5M
Financing Cash Flow	-$157.4M-12.3%	-$140.1M-20.6%	-$116.2M-14.7%	-$101.3M+1.8%	-$103.2M+7.4%	-$111.5M-20.9%	-$92.2M-22.6%	-$75.2M
Dividends Paid	$30.3M-2.2%	$31.0M-1.7%	$31.5M+12.1%	$28.1M-1.1%	$28.4M-1.3%	$28.8M-1.0%	$29.1M+14.2%	$25.5M
Share Buybacks	$127.0M+20.4%	$105.5M+24.7%	$84.6M+29.6%	$65.3M-12.5%	$74.6M+5.2%	$71.0M+46.0%	$48.6M-2.2%	$49.7M

ACT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	54.6%-2.7pp	57.3%-0.4pp	57.7%-6.6pp	64.3%+15.4pp	48.9%+15.4pp	33.5%
Return on Equity	12.6%-1.2pp	13.8%-0.6pp	14.4%-2.8pp	17.2%+3.8pp	13.3%+3.8pp	9.5%
Return on Assets	9.8%-0.8pp	10.5%-0.2pp	10.8%-1.6pp	12.3%+3.0pp	9.3%+2.8pp	6.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.140.0	0.15-0.0	0.16-0.0	0.180.0	0.180.0	0.19
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	56.6%+4.2pp	52.5%-2.5pp	55.0%+1.0pp	54.0%+0.1pp	53.9%-4.4pp	58.4%-3.1pp	61.5%+6.3pp	55.2%
Return on Equity	3.3%+0.2pp	3.1%-0.1pp	3.2%-0.0pp	3.2%-0.0pp	3.3%-0.3pp	3.6%-0.2pp	3.8%+0.4pp	3.4%
Return on Assets	2.6%+0.2pp	2.4%-0.1pp	2.5%0.0pp	2.5%-0.0pp	2.5%-0.2pp	2.7%-0.1pp	2.9%+0.3pp	2.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.140.0	0.140.0	0.140.0	0.150.0	0.150.0	0.150.0	0.150.0	0.16
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Enact Holdings, Inc.'s annual revenue?

Enact Holdings, Inc. (ACT) reported $1.2B in total revenue for fiscal year 2025. This represents a 2.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Enact Holdings, Inc.'s revenue growing?

Enact Holdings, Inc. (ACT) revenue grew by 2.8% year-over-year, from $1.2B to $1.2B in fiscal year 2025.

Is Enact Holdings, Inc. profitable?

Yes, Enact Holdings, Inc. (ACT) reported a net income of $674.2M in fiscal year 2025, with a net profit margin of 54.6%.

How much debt does Enact Holdings, Inc. have?

As of fiscal year 2025, Enact Holdings, Inc. (ACT) had $582.5M in cash and equivalents against $744.5M in long-term debt.

What is Enact Holdings, Inc.'s net profit margin?

Enact Holdings, Inc. (ACT) had a net profit margin of 54.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Enact Holdings, Inc. pay dividends?

Yes, Enact Holdings, Inc. (ACT) paid $0.81 per share in dividends during fiscal year 2025.

What is Enact Holdings, Inc.'s return on equity (ROE)?

Enact Holdings, Inc. (ACT) has a return on equity of 12.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Enact Holdings, Inc.'s operating cash flow?

Enact Holdings, Inc. (ACT) generated $724.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Enact Holdings, Inc.'s total assets?

Enact Holdings, Inc. (ACT) had $6.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Enact Holdings, Inc. buy back shares?

Yes, Enact Holdings, Inc. (ACT) spent $382.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Enact Holdings, Inc. have outstanding?

Enact Holdings, Inc. (ACT) had 142M shares outstanding as of fiscal year 2025.

What is Enact Holdings, Inc.'s debt-to-equity ratio?

Enact Holdings, Inc. (ACT) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Enact Holdings, Inc.'s return on assets (ROA)?

Enact Holdings, Inc. (ACT) had a return on assets of 9.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Enact Holdings, Inc.'s Piotroski F-Score?

Enact Holdings, Inc. (ACT) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Enact Holdings, Inc.'s earnings high quality?

Enact Holdings, Inc. (ACT) has an earnings quality ratio of 1.07x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Enact Holdings, Inc.?

Enact Holdings, Inc. (ACT) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.