Is ENPH or EU more profitable?

ENPH runs the higher net margin — ENPH at 10.09% versus EU at -112.82%.

How have ENPH and EU total returns compared?

Over the past 10 years, ENPH delivered 35.04% and EU delivered 21.33% annualized total return. Past performance doesn't predict future results.

Enphase Energy, Inc. (ENPH) vs enCore Energy Corp. (EU)

A side-by-side comparison of Enphase Energy, Inc. and enCore Energy Corp. 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.

ENPH

Enphase Energy, Inc.

$4.80B

$36.35EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT

enCore Energy Corp.

$214M

$1.10EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — ENPH vs EU

growth of $100 · dividends reinvested · last 10y

ENPH +1977.1% (+35.4%/yr)EU +633.3% (+22.0%/yr)ENPH compounded faster over this window

ENPH EU

ENPH vs EU: by the numbers

•ENPH is the larger company ($4.80B vs $214M market cap).
•ENPH is profitable (10.09% net margin) while EU runs a net loss (-112.82%).

Metrics side by side

Valuation

Metric	ENPH	EU
P/E ratio	36.35	N/A
Forward P/E	18.19	N/A
P/S ratio	3.62	3.87
P/B ratio	4.06	0.96
EV / EBITDA	25.79	N/A
FCF yield	3.18%	N/A

Profitability

Metric	ENPH	EU
Gross margin	46.95%	22.46%
Operating margin	8.27%	-153.56%
Net margin	10.09%	-112.82%
ROE	11.34%	-28.09%
ROIC	3.82%	-20.99%

Growth (annualized)

Metric	ENPH	EU
Revenue CAGR (5Y)	4.60%	N/A
EPS CAGR (5Y)	4.13%	N/A
FCF CAGR (5Y)	-9.69%	N/A
Total return CAGR (5Y)	-25.48%	-24.88%

Frequently asked

Is ENPH or EU more profitable?: ENPH runs the higher net margin — ENPH at 10.09% versus EU at -112.82%.
How have ENPH and EU total returns compared?: Over the past 10 years, ENPH delivered 35.04% and EU delivered 21.33% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ENPH analysis Full EU analysis Interactive comparison tool

Dig into the metrics

Enphase Energy P/E ratio Enphase Energy ROE enCore Energy ROE Enphase Energy operating margin enCore Energy operating margin Enphase Energy revenue growth enCore Energy revenue growth Enphase Energy free cash flow enCore Energy free cash flow

Enphase Energy & enCore Energy appear in these rankings

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.