Here is how Enphase Energy (ENPH) stacks up against its peers in size, valuation, growth and margin.
- ENPH’s operating margin of 12.8% is strong, lower than most peers – trailing FSLR (32.3%).
- ENPH’s revenue growth of 4.4% in the last 12 months is low, lagging FSLR, LRCX, AMAT but outpacing RUN, SEDG.
- ENPH’s stock is down 68.1% in last 1 year, and trades at a PE of 28.0; it underperformed FSLR, RUN, SEDG, LRCX, AMAT.
As a quick background, Enphase Energy provides innovative home energy solutions for the solar photovoltaic industry, serving solar distributors, installers, OEMs, partners, and homeowners worldwide.
| ENPH | FSLR | RUN | SEDG | LRCX | AMAT | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 4.9 | 23.1 | 3.8 | 2.1 | 167.8 | 160.3 |
| Revenue ($ Bil) | 1.5 | 4.3 | 2.1 | 0.9 | 18.4 | 28.6 |
| PE Ratio | 28.0 | 18.3 | -1.5 | -1.2 | 31.3 | 23.5 |
| LTM Revenue Growth | 4.4% | 19.4% | 3.3% | -37.8% | 23.7% | 6.6% |
| LTM Operating Margin | 12.8% | 32.3% | -23.0% | -140.2% | 32.0% | 30.1% |
| LTM FCF Margin | 25.2% | -22.9% | -174.5% | -10.3% | 29.4% | 20.4% |
| 12M Market Return | -68.1% | -13.5% | -13.0% | 74.1% | 69.4% | 4.6% |
Why does this matter? ENPH just went down -7.8% in a day – peer comparison puts stock performance, valuation, and financials in context – highlighting whether it is truly outperforming, lagging behind, and above all – can this continue? Read Buy or Sell ENPH Stock to see if Enphase Energy is really a falling knife. Sharp dips often come with rebound opportunities – see how the stock has dipped and recovered in the past through ENPH Dip Buyer Analysis lens.
While peer comparison is critical Trefis High Quality Portfolio evaluates much more, and is designed to reduce stock-specific risks while giving upside exposure.
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| ENPH | 4.4% | – | -41.9% | -1.7% | 68.7% |
| FSLR | 19.4% | – | 26.7% | 26.7% | -10.4% |
| RUN | 3.3% | – | -9.8% | -2.7% | 44.2% |
| SEDG | -37.8% | – | -69.7% | -4.3% | 58.4% |
| LRCX | 23.7% | 23.7% | -14.5% | 1.2% | |
| AMAT | 6.6% | – | 2.5% | 2.8% | 11.8% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| ENPH | 12.8% | – | 6.8% | 20.1% | 19.3% |
| FSLR | 32.3% | – | 33.1% | 26.7% | -10.7% |
| RUN | -23.0% | – | -28.1% | -36.3% | -28.5% |
| SEDG | -140.2% | – | -163.8% | 2.4% | 9.2% |
| LRCX | 32.0% | 32.0% | 28.7% | 29.9% | |
| AMAT | 30.1% | – | 28.9% | 28.9% | 30.2% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| ENPH | 28.0 | – | 90.4 | 41.1 | 90.3 |
| FSLR | 18.3 | – | 14.6 | 22.1 | -361.4 |
| RUN | -1.5 | – | -0.7 | -2.7 | 29.3 |
| SEDG | -1.2 | – | -0.4 | 154.2 | 166.4 |
| LRCX | 31.3 | 17.3 | 26.9 | 12.6 | |
| AMAT | 23.5 | – | 18.7 | 19.9 | 13.0 |
The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
Disclaimer: The story “ENPH Dips 7.8% In One Day: Does It Lead the Pack?” first appeared on Trefis and is syndicated via Digpu & NewsTex.