Which has grown faster, ARRY or ENPH?

Over the past five years, ARRY grew revenue faster — ARRY at a 9.15% CAGR versus ENPH at 4.60%.

Is ARRY or ENPH more profitable?

ENPH runs the higher net margin — ARRY at -7.25% versus ENPH at 10.09%.

How have ARRY and ENPH total returns compared?

Over the past 5 years, ARRY delivered -23.49% and ENPH delivered -25.48% annualized total return. Past performance doesn't predict future results.

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

ARRY

Array Technologies, Inc.

$625M

$4.06EnergyDelayed quote: Sep 18, 2026, 4:00 PM EDT

ENPH

Enphase Energy, Inc.

$4.58B

$34.64EnergyDelayed quote: Sep 18, 2026, 4:00 PM EDT

Total return — ARRY vs ENPH

growth of $100 · dividends reinvested · last 6y

ARRY -87.3% (-29.1%/yr)ENPH -65.9% (-16.4%/yr)ENPH compounded faster over this window

ARRY ENPH

ARRY vs ENPH: by the numbers

•ENPH is the larger company ($4.58B vs $625M market cap).
•ENPH is profitable (10.09% net margin) while ARRY runs a net loss (-7.25%).
•ARRY grew revenue faster over the past five years (9.15% vs 4.60% CAGR).

Metrics side by side

Valuation

Metric	ARRY	ENPH
P/E ratio	N/A	34.64
Forward P/E	5.40	17.34
P/S ratio	0.53	3.45
P/B ratio	N/A	3.87
EV / EBITDA	10.89	24.60
FCF yield	21.57%	3.33%

Profitability

Metric	ARRY	ENPH
Gross margin	24.27%	46.95%
Operating margin	3.32%	8.27%
Net margin	-7.25%	10.09%
ROE	N/A	11.34%
ROIC	3.49%	3.82%

Growth (annualized)

Metric	ARRY	ENPH
Revenue CAGR (5Y)	9.15%	4.60%
EPS CAGR (5Y)	N/A	4.13%
FCF CAGR (5Y)	29.65%	-9.69%
Total return CAGR (5Y)	-23.49%	-25.48%

Frequently asked

Which has grown faster, ARRY or ENPH?: Over the past five years, ARRY grew revenue faster — ARRY at a 9.15% CAGR versus ENPH at 4.60%.
Is ARRY or ENPH more profitable?: ENPH runs the higher net margin — ARRY at -7.25% versus ENPH at 10.09%.
How have ARRY and ENPH total returns compared?: Over the past 5 years, ARRY delivered -23.49% and ENPH delivered -25.48% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ARRY analysis Full ENPH analysis Interactive comparison tool

Dig into the metrics

Enphase Energy P/E ratio 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 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.