Which has the lower trailing P/E, AM or ENPH?

AM has the lower trailing P/E: AM trades at 25.65 and ENPH at 36.23. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, AM or ENPH?

Over the past five years, AM grew revenue faster — AM at a 6.09% CAGR versus ENPH at 4.60%.

Does AM or ENPH pay a bigger dividend?

AM pays a dividend (4.08% yield), while ENPH has no payments in the available dividend history.

Is AM or ENPH more profitable?

AM runs the higher net margin — AM at 30.45% versus ENPH at 10.09%.

How have AM and ENPH total returns compared?

Over the past 5 years, AM delivered 25.29% and ENPH delivered -25.48% annualized total return. Past performance doesn't predict future results.

Antero Midstream Corporation (AM) vs Enphase Energy, Inc. (ENPH)

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 September 13, 2026. Differences are shown without an overall score or investment verdict.

Antero Midstream Corporation

$10.23B

$21.55EnergyDelayed quote: Sep 15, 2026, 10:30 AM EDT

ENPH

Enphase Energy, Inc.

$4.79B

$36.23EnergyDelayed quote: Sep 15, 2026, 10:30 AM EDT

Total return — AM vs ENPH

growth of $100 · dividends reinvested · last 9y

AM +44.9% (+4.2%/yr)ENPH +3033.6% (+46.6%/yr)ENPH compounded faster over this window

Log scale — wide-divergence pair

AM ENPH

AM vs ENPH: by the numbers

•AM is the larger company ($10.23B vs $4.79B market cap).
•AM trades at the lower trailing earnings multiple (25.65 vs 36.23 P/E), one valuation lens rather than an overall verdict.
•AM converts more revenue to profit (30.45% vs 10.09% net margin).
•AM grew revenue faster over the past five years (6.09% vs 4.60% CAGR).
•AM pays a dividend (4.08% yield), while ENPH has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	AM	ENPH
P/E ratio	25.65	36.23
Forward P/E	19.75	18.13
P/S ratio	7.79	3.60
P/B ratio	5.26	4.05
EV / EBITDA	14.48	25.71
FCF yield	7.52%	3.19%

Profitability

Metric	AM	ENPH
Gross margin	62.92%	46.95%
Operating margin	56.05%	8.27%
Net margin	30.45%	10.09%
ROE	20.55%	11.34%
ROIC	8.64%	3.82%

Dividends

Metric	AM	ENPH
Dividend yield	4.08%	N/A
Payout ratio	107.14%	N/A

Growth (annualized)

Metric	AM	ENPH
Revenue CAGR (5Y)	6.09%	4.60%
EPS CAGR (5Y)	N/A	4.13%
FCF CAGR (5Y)	9.87%	-9.69%
Total return CAGR (5Y)	25.29%	-25.48%

Frequently asked

Which has the lower trailing P/E, AM or ENPH?: AM has the lower trailing P/E: AM trades at 25.65 and ENPH at 36.23. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AM or ENPH?: Over the past five years, AM grew revenue faster — AM at a 6.09% CAGR versus ENPH at 4.60%.
Does AM or ENPH pay a bigger dividend?: AM pays a dividend (4.08% yield), while ENPH has no payments in the available dividend history.
Is AM or ENPH more profitable?: AM runs the higher net margin — AM at 30.45% versus ENPH at 10.09%.
How have AM and ENPH total returns compared?: Over the past 5 years, AM delivered 25.29% and ENPH delivered -25.48% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AM analysis Full ENPH analysis Interactive comparison tool

Dig into the metrics

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

Antero Midstream & Enphase Energy appear in these rankings

Highest Dividend Yield Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks Highest 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 September 13, 2026.