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

NRP has the lower trailing P/E: ENPH trades at 30.91 and NRP at 13.99. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ENPH or NRP?

Over the past five years, NRP grew revenue faster — ENPH at a 4.60% CAGR versus NRP at 7.90%.

Does ENPH or NRP pay a bigger dividend?

NRP pays a dividend (2.81% yield), while ENPH has no payments in the available dividend history.

Is ENPH or NRP more profitable?

NRP runs the higher net margin — ENPH at 10.09% versus NRP at 54.00%.

How have ENPH and NRP total returns compared?

Over the past 10 years, ENPH delivered 35.04% and NRP delivered 23.59% annualized total return. Past performance doesn't predict future results.

Enphase Energy, Inc. (ENPH) vs Natural Resource Partners L.P. (NRP)

A side-by-side comparison of Enphase Energy, Inc. and Natural Resource Partners L.P. 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.

$4.08B

$30.91EnergyDelayed quote: Sep 28, 2026, 4:00 PM EDT

NRP

Natural Resource Partners L.P.

$1.45B

$109.71EnergyDelayed quote: Sep 28, 2026, 4:00 PM EDT

Total return — ENPH vs NRP

growth of $100 · dividends reinvested · last 10y

ENPH +1977.1% (+35.4%/yr)NRP +871.0% (+25.5%/yr)ENPH compounded faster over this window

ENPH NRP

ENPH vs NRP: by the numbers

•ENPH is the larger company ($4.08B vs $1.45B market cap).
•NRP trades at the lower trailing earnings multiple (13.99 vs 30.91 P/E), one valuation lens rather than an overall verdict.
•NRP converts more revenue to profit (54.00% vs 10.09% net margin).
•NRP grew revenue faster over the past five years (7.90% vs 4.60% CAGR).
•NRP pays a dividend (2.81% yield), while ENPH has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	ENPH	NRP
P/E ratio	30.91	13.99
Forward P/E	15.47	24.63
P/S ratio	3.07	7.51
P/B ratio	3.46	2.24
EV / EBITDA	22.00	9.86
FCF yield	3.74%	10.99%

Profitability

Metric	ENPH	NRP
Gross margin	46.95%	81.55%
Operating margin	8.27%	62.58%
Net margin	10.09%	54.00%
ROE	11.34%	16.09%
ROIC	3.82%	16.32%

Dividends

Metric	ENPH	NRP
Dividend yield	N/A	2.81%
Payout ratio	N/A	39.80%

Growth (annualized)

Metric	ENPH	NRP
Revenue CAGR (5Y)	4.60%	7.90%
EPS CAGR (5Y)	4.13%	N/A
FCF CAGR (5Y)	-9.69%	16.63%
Total return CAGR (5Y)	-25.48%	47.67%

Frequently asked

Which has the lower trailing P/E, ENPH or NRP?: NRP has the lower trailing P/E: ENPH trades at 30.91 and NRP at 13.99. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ENPH or NRP?: Over the past five years, NRP grew revenue faster — ENPH at a 4.60% CAGR versus NRP at 7.90%.
Does ENPH or NRP pay a bigger dividend?: NRP pays a dividend (2.81% yield), while ENPH has no payments in the available dividend history.
Is ENPH or NRP more profitable?: NRP runs the higher net margin — ENPH at 10.09% versus NRP at 54.00%.
How have ENPH and NRP total returns compared?: Over the past 10 years, ENPH delivered 35.04% and NRP delivered 23.59% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ENPH analysis Full NRP analysis Interactive comparison tool

Dig into the metrics

Enphase Energy P/E ratio Natural Resource Partners L.P. P/E ratio Natural Resource Partners L.P. dividend yield Enphase Energy ROE Natural Resource Partners L.P. ROE Enphase Energy operating margin Natural Resource Partners L.P. operating margin Enphase Energy revenue growth Natural Resource Partners L.P. revenue growth Enphase Energy free cash flow Natural Resource Partners L.P. free cash flow

Enphase Energy & Natural Resource Partners L.P. appear in these rankings

Highest Dividend Yield Stocks Highest Operating Margin 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 September 13, 2026.