Array Technologies, Inc. (ARRY) vs Enphase Energy, Inc. (ENPH)
A side-by-side comparison of Array Technologies, Inc. and Enphase Energy, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 4, 2026. Differences are shown without an overall score or investment verdict.
ARRY
Array Technologies, Inc.
$6.01EnergyDelayed quote: Aug 4, 2026, 4:00 PM EDT
ENPH
Enphase Energy, Inc.
$41.77EnergyDelayed quote: Aug 4, 2026, 4:00 PM EDT
Total return — ARRY vs ENPH
growth of $100 · dividends reinvested · last 6yARRY -84.4%ENPH -63.1%ENPH compounded faster
ARRY ENPH
ARRY vs ENPH: by the numbers
- •ENPH is the larger company ($5.52B vs $924M market cap).
- •ENPH is profitable (10.09% net margin) while ARRY runs a net loss (-5.56%).
- •ARRY grew revenue faster over the past five years (12.02% vs 4.60% CAGR).
Metrics side by side
Valuation
| Metric | ARRY | ENPH |
|---|---|---|
| P/E ratio | N/A | 39.35 |
| Forward P/E | 7.74 | 19.44 |
| P/S ratio | 0.72 | 3.93 |
| P/B ratio | 3.24 | 4.42 |
| PEG ratio | N/A | 0.34 |
| EV / EBITDA | 13.73 | 24.78 |
| FCF yield | 6.71% | 2.92% |
Profitability
| Metric | ARRY | ENPH |
|---|---|---|
| Gross margin | 23.66% | 46.95% |
| Operating margin | 4.24% | 8.27% |
| Net margin | -5.56% | 10.09% |
| ROE | -25.00% | 11.34% |
| ROIC | 6.75% | 4.79% |
Growth (annualized)
| Metric | ARRY | ENPH |
|---|---|---|
| Revenue CAGR (5Y) | 12.02% | 4.60% |
| EPS CAGR (5Y) | N/A | 4.13% |
| FCF CAGR (5Y) | 11.07% | -9.69% |
| Total return CAGR (5Y) | -15.85% | -27.22% |
Frequently asked
- Which has grown faster, ARRY or ENPH?
- Over the past five years, ARRY grew revenue faster — ARRY at a 12.02% CAGR versus ENPH at 4.60%.
- Is ARRY or ENPH more profitable?
- ENPH runs the higher net margin — ARRY at -5.56% versus ENPH at 10.09%.
- How have ARRY and ENPH total returns compared?
- Over the past 5 years, ARRY delivered -15.85% and ENPH delivered 36.22% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Array Technologies P/E ratioEnphase Energy P/E ratioArray Technologies dividend yieldEnphase Energy dividend yieldArray Technologies ROEEnphase Energy ROEArray Technologies operating marginEnphase Energy operating marginArray Technologies revenue growthEnphase Energy revenue growthArray Technologies free cash flowEnphase Energy free cash flow
Array Technologies & 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 August 4, 2026.