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 July 29, 2026. Differences are shown without an overall score or investment verdict.
AM
Antero Midstream Corporation
$21.52EnergyDelayed quote: Jul 29, 2026, 4:00 PM EDT
ENPH
Enphase Energy, Inc.
$35.07EnergyDelayed quote: Jul 29, 2026, 4:00 PM EDT
Total return — AM vs ENPH
growth of $100 · dividends reinvested · last 9yAM +41.4%ENPH +3031.0%ENPH compounded faster
Log scale — wide-divergence pair
AM ENPH
AM vs ENPH: by the numbers
- •AM is the larger company ($10.22B vs $4.62B market cap).
- •AM trades at the lower trailing earnings multiple (25.29 vs 36.32 P/E), one valuation lens rather than an overall verdict.
- •AM converts more revenue to profit (31.94% vs 10.09% net margin).
- •AM grew revenue faster over the past five years (5.93% vs 4.60% CAGR).
- •AM pays a dividend (4.14% yield), while ENPH has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | AM | ENPH |
|---|---|---|
| P/E ratio | 25.29 | 36.32 |
| Forward P/E | 19.68 | 17.66 |
| P/S ratio | 8.09 | 3.63 |
| P/B ratio | 5.37 | 4.08 |
| PEG ratio | 5.72 | 0.34 |
| EV / EBITDA | 14.84 | 28.92 |
| FCF yield | 8.81% | 3.16% |
Profitability
| Metric | AM | ENPH |
|---|---|---|
| Gross margin | 64.52% | 46.95% |
| Operating margin | 57.56% | 8.27% |
| Net margin | 31.94% | 10.09% |
| ROE | 21.21% | 11.34% |
| ROIC | 8.18% | 4.79% |
Dividends
| Metric | AM | ENPH |
|---|---|---|
| Dividend yield | 4.14% | N/A |
| Payout ratio | 104.65% | N/A |
Growth (annualized)
| Metric | AM | ENPH |
|---|---|---|
| Revenue CAGR (5Y) | 5.93% | 4.60% |
| EPS CAGR (5Y) | N/A | 4.13% |
| FCF CAGR (5Y) | 7.24% | -9.69% |
| Total return CAGR (5Y) | 25.56% | -27.51% |
Frequently asked
- Which has the lower trailing P/E, AM or ENPH?
- AM has the lower trailing P/E: AM trades at 25.29 and ENPH at 36.32. 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 5.93% CAGR versus ENPH at 4.60%.
- Does AM or ENPH pay a bigger dividend?
- AM pays a dividend (4.14% 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 31.94% versus ENPH at 10.09%.
- How have AM and ENPH total returns compared?
- Over the past 5 years, AM delivered 25.56% and ENPH delivered 35.05% annualized total return. 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 July 29, 2026.