Antero Midstream Corporation (AM) vs Enphase Energy, Inc. (ENPH)
AM leads on 12 of 16 compared metrics.
A side-by-side comparison of Antero Midstream 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).
Total return — AM vs ENPH
growth of $100 · last 9yAM -35.8%ENPH +4606.0%ENPH compounded faster
Log scale — wide-divergence pair
AM ENPH
AM vs ENPH: by the numbers
- •AM is the larger company ($10.29B vs $7.19B market cap).
- •AM trades at the lower earnings multiple (25.20 vs 54.05 P/E).
- •AM converts more revenue to profit (31.94% vs 9.64% net margin).
- •ENPH grew revenue faster over the past five years (9.96% vs 5.93% CAGR).
- •AM pays a dividend (4.15% yield) while ENPH does not currently pay one.
Which is better, AM or ENPH?
Metric tally: AM 12 · ENPH 4It depends on what you're optimizing for:
ValueAM(lower P/E)
GrowthENPH(faster 5Y revenue CAGR)
QualityAM(higher ROIC)
Metrics side by side
Valuation
| Metric | AM | ENPH |
|---|---|---|
| P/E ratio | 25.20● | 54.05 |
| Forward P/E | 17.03● | 23.57 |
| P/S ratio | 8.06 | 5.12● |
| P/B ratio | 5.35● | 6.50 |
| PEG ratio | 5.69 | 0.34● |
| EV / EBITDA | 14.51● | 35.25 |
| FCF yield | 8.84%● | 2.02% |
Profitability
| Metric | AM | ENPH |
|---|---|---|
| Gross margin | 64.52%● | 44.23% |
| Operating margin | 57.56%● | 6.81% |
| Net margin | 31.94%● | 9.64% |
| ROE | 21.21%● | 12.25% |
| ROIC | 8.18%● | 4.79% |
Dividends
| Metric | AM | ENPH |
|---|---|---|
| Dividend yield | 4.15% | — |
| Payout ratio | 104.65% | — |
Growth (annualized)
| Metric | AM | ENPH |
|---|---|---|
| Revenue CAGR (5Y) | 5.93% | 9.96%● |
| EPS CAGR (5Y) | -13.48% | 4.13%● |
| FCF CAGR (5Y) | 7.24%● | -8.47% |
| Total return CAGR (5Y) | 24.03%● | -17.98% |
Frequently asked
- Which is better, AM or ENPH?
- It depends on your goal. value: AM (lower P/E); growth: ENPH (faster 5Y revenue CAGR); quality: AM (higher ROIC). Across all compared metrics, AM leads 12 to 4.
- Is AM or ENPH cheaper?
- On trailing earnings, AM is cheaper: AM trades at a 25.20 P/E and ENPH at 54.05.
- Which has grown faster, AM or ENPH?
- Over the past five years, ENPH grew revenue faster — AM at a 5.93% CAGR versus ENPH at 9.96%.
- Does AM or ENPH pay a bigger dividend?
- AM pays a dividend (4.15% yield) while ENPH does not currently pay one.
- Is AM or ENPH more profitable?
- AM runs the higher net margin — AM at 31.94% versus ENPH at 9.64%.
- Which has been the better investment, AM or ENPH?
- Over the past 5-year, ENPH delivered the higher annualized total return — AM at 24.03% versus ENPH at 38.96%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Antero Midstream P/E ratioEnphase Energy P/E ratioAntero Midstream dividend yieldEnphase Energy dividend yieldAntero Midstream ROEEnphase Energy ROEAntero Midstream operating marginEnphase Energy operating marginAntero Midstream revenue growthEnphase Energy revenue growthAntero Midstream free cash flowEnphase Energy free cash flow
Antero Midstream & Enphase Energy appear in these rankings
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.