Which has the lower trailing P/E, ENPH or EXE?

EXE has the lower trailing P/E: ENPH trades at 39.37 and EXE at 8.30. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ENPH or EXE?

Over the past five years, EXE grew revenue faster — ENPH at a 4.60% CAGR versus EXE at 25.26%.

Does ENPH or EXE pay a bigger dividend?

EXE pays a dividend (3.32% yield), while ENPH has no payments in the available dividend history.

Is ENPH or EXE more profitable?

EXE runs the higher net margin — ENPH at 10.09% versus EXE at 20.80%.

How have ENPH and EXE total returns compared?

Over the past 5 years, ENPH delivered 35.06% and EXE delivered 18.57% annualized total return. Past performance doesn't predict future results.

Enphase Energy, Inc. (ENPH) vs Expand Energy Corporation (EXE)

A side-by-side comparison of Enphase Energy, Inc. and Expand Energy Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 20, 2026. Differences are shown without an overall score or investment verdict.

ENPH

Enphase Energy, Inc.

$5.20B

$39.37EnergyAt close: Aug 19, 2026, 4:00 PM ET

EXE

Expand Energy Corporation

$22.23B

$96.03EnergyAt close: Aug 19, 2026, 4:00 PM ET

Total return — ENPH vs EXE

growth of $100 · dividends reinvested · last 6y

ENPH -80.1% (-23.6%/yr)EXE +186.4% (+19.2%/yr)EXE compounded faster over this window

Log scale — wide-divergence pair

ENPH EXE

ENPH vs EXE: by the numbers

•EXE is the larger company ($22.23B vs $5.20B market cap).
•EXE trades at the lower trailing earnings multiple (8.30 vs 39.37 P/E), one valuation lens rather than an overall verdict.
•EXE converts more revenue to profit (20.80% vs 10.09% net margin).
•EXE grew revenue faster over the past five years (25.26% vs 4.60% CAGR).
•EXE pays a dividend (3.32% yield), while ENPH has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	ENPH	EXE
P/E ratio	39.37	8.30
Forward P/E	19.41	10.48
P/S ratio	3.94	1.71
P/B ratio	4.42	1.18
EV / EBITDA	28.03	4.04
FCF yield	2.92%	11.11%

Profitability

Metric	ENPH	EXE
Gross margin	46.95%	46.51%
Operating margin	8.27%	17.49%
Net margin	10.09%	20.80%
ROE	11.34%	14.33%
ROIC	3.82%	10.91%

Dividends

Metric	ENPH	EXE
Dividend yield	N/A	3.32%
Payout ratio	N/A	41.59%

Growth (annualized)

Metric	ENPH	EXE
Revenue CAGR (5Y)	4.60%	25.26%
EPS CAGR (5Y)	4.13%	N/A
FCF CAGR (5Y)	-9.69%	33.22%
Total return CAGR (5Y)	-24.73%	18.57%

Frequently asked

Which has the lower trailing P/E, ENPH or EXE?: EXE has the lower trailing P/E: ENPH trades at 39.37 and EXE at 8.30. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ENPH or EXE?: Over the past five years, EXE grew revenue faster — ENPH at a 4.60% CAGR versus EXE at 25.26%.
Does ENPH or EXE pay a bigger dividend?: EXE pays a dividend (3.32% yield), while ENPH has no payments in the available dividend history.
Is ENPH or EXE more profitable?: EXE runs the higher net margin — ENPH at 10.09% versus EXE at 20.80%.
How have ENPH and EXE total returns compared?: Over the past 5 years, ENPH delivered 35.06% and EXE delivered 18.57% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ENPH analysis Full EXE analysis Interactive comparison tool

Dig into the metrics

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

Enphase Energy & Expand Energy appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks 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 August 20, 2026.