Is ENPH or EXE cheaper?

On trailing earnings, EXE is cheaper: ENPH trades at a 47.35 P/E and EXE at 6.61.

Which has grown faster, ENPH or EXE?

Over the past five years, EXE grew revenue faster — ENPH at a 9.96% CAGR versus EXE at 27.70%.

Does ENPH or EXE pay a bigger dividend?

EXE pays a dividend (3.60% yield) while ENPH does not currently pay one.

Is ENPH or EXE more profitable?

EXE runs the higher net margin — ENPH at 9.64% versus EXE at 22.89%.

Which has been the better investment, ENPH or EXE?

Over the past 5-year, ENPH delivered the higher annualized total return — ENPH at 36.83% versus EXE at 16.04%. Past performance doesn't predict future results.

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

EXE leads on 14 of 15 compared metrics.

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 June 25, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Expand Energy Corporation

$21.20B

$88.60Energy

Total return — ENPH vs EXE

growth of $100 · last 5y

ENPH -76.0%EXE +107.0%EXE compounded faster

Log scale — wide-divergence pair

ENPH EXE

ENPH vs EXE: by the numbers

•EXE is the larger company ($21.20B vs $6.30B market cap).
•EXE trades at the lower earnings multiple (6.61 vs 47.35 P/E).
•EXE converts more revenue to profit (22.89% vs 9.64% net margin).
•EXE grew revenue faster over the past five years (27.70% vs 9.96% CAGR).
•EXE pays a dividend (3.60% yield) while ENPH does not currently pay one.

Which is better, ENPH or EXE?

Metric tally: ENPH 1 · EXE 14

It depends on what you're optimizing for:

ValueEXE(lower P/E)

GrowthEXE(faster 5Y revenue CAGR)

QualityEXE(higher ROIC)

Metrics side by side

Valuation

Metric	ENPH	EXE
P/E ratio	47.35	6.61●
Forward P/E	20.52	9.69●
P/S ratio	4.49	1.51●
P/B ratio	5.70	1.09●
PEG ratio	0.34	—
EV / EBITDA	28.12	3.31●
FCF yield	2.31%	13.42%●

Profitability

Metric	ENPH	EXE
Gross margin	44.23%	53.38%●
Operating margin	6.81%	28.96%●
Net margin	9.64%	22.89%●
ROE	12.25%	16.51%●
ROIC	4.79%	6.38%●

Dividends

Metric	ENPH	EXE
Dividend yield	—	3.60%
Payout ratio	—	41.59%

Growth (annualized)

Metric	ENPH	EXE
Revenue CAGR (5Y)	9.96%	27.70%●
EPS CAGR (5Y)	4.13%●	-17.41%
FCF CAGR (5Y)	-8.47%	49.16%●
Total return CAGR (5Y)	-22.48%	16.04%●

Frequently asked

Which is better, ENPH or EXE?: It depends on your goal. value: EXE (lower P/E); growth: EXE (faster 5Y revenue CAGR); quality: EXE (higher ROIC). Across all compared metrics, EXE leads 14 to 1.
Is ENPH or EXE cheaper?: On trailing earnings, EXE is cheaper: ENPH trades at a 47.35 P/E and EXE at 6.61.
Which has grown faster, ENPH or EXE?: Over the past five years, EXE grew revenue faster — ENPH at a 9.96% CAGR versus EXE at 27.70%.
Does ENPH or EXE pay a bigger dividend?: EXE pays a dividend (3.60% yield) while ENPH does not currently pay one.
Is ENPH or EXE more profitable?: EXE runs the higher net margin — ENPH at 9.64% versus EXE at 22.89%.
Which has been the better investment, ENPH or EXE?: Over the past 5-year, ENPH delivered the higher annualized total return — ENPH at 36.83% versus EXE at 16.04%. 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 Enphase Energy dividend yield 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 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 25, 2026.