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 9.96%.

Is ARRY or ENPH more profitable?

ENPH runs the higher net margin — ARRY at -5.56% versus ENPH at 9.64%.

Which has been the better investment, ARRY or ENPH?

Over the past 5-year, ENPH delivered the higher annualized total return — ARRY at -13.17% versus ENPH at 37.78%. Past performance doesn't predict future results.

Array Technologies, Inc. (ARRY) vs Enphase Energy, Inc. (ENPH)

ARRY leads on 8 of 13 compared metrics.

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 June 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ARRY

Array Technologies, Inc.

Total return — ARRY vs ENPH

growth of $100 · last 6y

ARRY -78.1%ENPH -52.8%ENPH compounded faster

ARRY ENPH

ARRY vs ENPH: by the numbers

•ENPH is the larger company ($6.89B vs $1.23B market cap).
•ENPH is profitable (9.64% net margin) while ARRY runs a net loss (-5.56%).
•ARRY grew revenue faster over the past five years (12.02% vs 9.96% CAGR).

Which is better, ARRY or ENPH?

Metric tally: ARRY 8 · ENPH 5

It depends on what you're optimizing for:

GrowthARRY(faster 5Y revenue CAGR)

QualityARRY(higher ROIC)

Metrics side by side

Valuation

Metric	ARRY	ENPH
P/E ratio	—	51.76
Forward P/E	8.87●	22.49
P/S ratio	1.02●	4.91
P/B ratio	4.57●	6.23
PEG ratio	—	0.34
EV / EBITDA	60.41	30.69●
FCF yield	4.76%●	2.11%

Profitability

Metric	ARRY	ENPH
Gross margin	23.66%	44.23%●
Operating margin	4.24%	6.81%●
Net margin	-5.56%	9.64%●
ROE	-25.00%	12.25%●
ROIC	6.75%●	4.79%

Growth (annualized)

Metric	ARRY	ENPH
Revenue CAGR (5Y)	12.02%●	9.96%
EPS CAGR (5Y)	—	4.13%
FCF CAGR (5Y)	11.07%●	-8.47%
Total return CAGR (5Y)	-13.17%●	-20.62%

Frequently asked

Which is better, ARRY or ENPH?: It depends on your goal. growth: ARRY (faster 5Y revenue CAGR); quality: ARRY (higher ROIC). Across all compared metrics, ARRY leads 8 to 5.
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 9.96%.
Is ARRY or ENPH more profitable?: ENPH runs the higher net margin — ARRY at -5.56% versus ENPH at 9.64%.
Which has been the better investment, ARRY or ENPH?: Over the past 5-year, ENPH delivered the higher annualized total return — ARRY at -13.17% versus ENPH at 37.78%. Past performance doesn't predict future results.

Go deeper

Full ARRY analysis Full ENPH analysis Interactive comparison tool

Dig into the metrics

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

Array Technologies & Enphase Energy appear in these rankings

Highest FCF Yield 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 20, 2026.