Is ADC or ENPH cheaper?

On trailing earnings, ADC is cheaper: ADC trades at a 40.77 P/E and ENPH at 54.05.

Which has grown faster, ADC or ENPH?

Over the past five years, ADC grew revenue faster — ADC at a 22.62% CAGR versus ENPH at 9.96%.

Does ADC or ENPH pay a bigger dividend?

ADC pays a dividend (4.13% yield) while ENPH does not currently pay one.

Is ADC or ENPH more profitable?

ADC runs the higher net margin — ADC at 29.28% versus ENPH at 9.64%.

Which has been the better investment, ADC or ENPH?

Over the past 10-year, ENPH delivered the higher annualized total return — ADC at 9.97% versus ENPH at 38.96%. Past performance doesn't predict future results.

Agree Realty Corporation (ADC) vs Enphase Energy, Inc. (ENPH)

ADC leads on 8 of 14 compared metrics.

A side-by-side comparison of Agree Realty Corporation and Enphase Energy, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ADC

Agree Realty Corporation

Total return — ADC vs ENPH

growth of $100 · last 14y

ADC +235.8%ENPH +643.7%ENPH compounded faster

ADC ENPH

ADC vs ENPH: by the numbers

•ADC is the larger company ($9.11B vs $7.19B market cap).
•ADC trades at the lower earnings multiple (40.77 vs 54.05 P/E).
•ADC converts more revenue to profit (29.28% vs 9.64% net margin).
•ADC grew revenue faster over the past five years (22.62% vs 9.96% CAGR).
•ADC pays a dividend (4.13% yield) while ENPH does not currently pay one.

Which is better, ADC or ENPH?

Metric tally: ADC 8 · ENPH 6

It depends on what you're optimizing for:

ValueADC(lower P/E)

GrowthADC(faster 5Y revenue CAGR)

QualityENPH(higher ROIC)

Metrics side by side

Valuation

Metric	ADC	ENPH
P/E ratio	40.77●	54.05
Forward P/E	36.71	23.57●
P/S ratio	12.17	5.12●
P/B ratio	1.46●	6.50
PEG ratio	370.63	0.34●
EV / EBITDA	20.21●	35.25
FCF yield	—	2.02%

Profitability

Metric	ADC	ENPH
Gross margin	87.64%●	44.23%
Operating margin	48.03%●	6.81%
Net margin	29.28%●	9.64%
ROE	3.52%	12.25%●
ROIC	3.51%	4.79%●

Dividends

Metric	ADC	ENPH
Dividend yield	4.13%	—
Payout ratio	176.84%	—

Growth (annualized)

Metric	ADC	ENPH
Revenue CAGR (5Y)	22.62%●	9.96%
EPS CAGR (5Y)	0.11%	4.13%●
FCF CAGR (5Y)	—	-8.47%
Total return CAGR (5Y)	5.56%●	-17.98%

Frequently asked

Which is better, ADC or ENPH?: It depends on your goal. value: ADC (lower P/E); growth: ADC (faster 5Y revenue CAGR); quality: ENPH (higher ROIC). Across all compared metrics, ADC leads 8 to 6.
Is ADC or ENPH cheaper?: On trailing earnings, ADC is cheaper: ADC trades at a 40.77 P/E and ENPH at 54.05.
Which has grown faster, ADC or ENPH?: Over the past five years, ADC grew revenue faster — ADC at a 22.62% CAGR versus ENPH at 9.96%.
Does ADC or ENPH pay a bigger dividend?: ADC pays a dividend (4.13% yield) while ENPH does not currently pay one.
Is ADC or ENPH more profitable?: ADC runs the higher net margin — ADC at 29.28% versus ENPH at 9.64%.
Which has been the better investment, ADC or ENPH?: Over the past 10-year, ENPH delivered the higher annualized total return — ADC at 9.97% versus ENPH at 38.96%. Past performance doesn't predict future results.

Go deeper

Full ADC analysis Full ENPH analysis Interactive comparison tool

Dig into the metrics

Agree Realty P/E ratio Enphase Energy P/E ratio Agree Realty dividend yield Enphase Energy dividend yield Agree Realty ROE Enphase Energy ROE Agree Realty operating margin Enphase Energy operating margin Agree Realty revenue growth Enphase Energy revenue growth Agree Realty free cash flow Enphase Energy free cash flow

Agree Realty & Enphase Energy appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest Operating Margin Stocks Best 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 14, 2026.