Is ENPH or PLXS cheaper?

On trailing earnings, ENPH is cheaper: ENPH trades at a 36.34 P/E and PLXS at 37.20.

Which has grown faster, ENPH or PLXS?

Over the past five years, ENPH grew revenue faster — ENPH at a 9.96% CAGR versus PLXS at 4.36%.

Is ENPH or PLXS more profitable?

ENPH runs the higher net margin — ENPH at 9.64% versus PLXS at 4.35%.

Which has been the better investment, ENPH or PLXS?

Over the past 10-year, ENPH delivered the higher annualized total return — ENPH at 34.80% versus PLXS at 18.94%. Past performance doesn't predict future results.

Enphase Energy, Inc. (ENPH) vs Plexus Corp. (PLXS)

ENPH leads on 10 of 16 compared metrics.

A side-by-side comparison of Enphase Energy, Inc. and Plexus Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 25, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ENPH

Enphase Energy, Inc.

$4.84B

$36.70EnergyAt close: Jul 24, 2026, 4:00 PM ET

PLXS

Plexus Corp.

$6.81B

$254.45TechnologyAt close: Jul 24, 2026, 4:00 PM ET

Total return — ENPH vs PLXS

growth of $100 · dividends reinvested · last 14y

ENPH +400.0%PLXS +621.6%PLXS compounded faster

ENPH PLXS

ENPH vs PLXS: by the numbers

•PLXS is the larger company ($6.81B vs $4.84B market cap).
•ENPH trades at the lower earnings multiple (36.34 vs 37.20 P/E).
•ENPH converts more revenue to profit (9.64% vs 4.35% net margin).
•ENPH grew revenue faster over the past five years (9.96% vs 4.36% CAGR).

Which is better, ENPH or PLXS?

Metric tally: ENPH 10 · PLXS 6

It depends on what you're optimizing for:

ValueENPH(lower P/E)

GrowthENPH(faster 5Y revenue CAGR)

QualityPLXS(higher ROIC)

Metrics side by side

Valuation

Metric	ENPH	PLXS
P/E ratio	36.34●	37.20
Forward P/E	18.05●	31.04
P/S ratio	3.44	1.62●
P/B ratio	4.37●	4.67
PEG ratio	0.34●	0.40
EV / EBITDA	28.22	23.07●
FCF yield	3.01%●	1.09%

Profitability

Metric	ENPH	PLXS
Gross margin	44.23%●	10.05%
Operating margin	6.81%●	5.17%
Net margin	9.64%●	4.35%
ROE	12.25%	12.59%●
ROIC	4.79%	11.13%●

Growth (annualized)

Metric	ENPH	PLXS
Revenue CAGR (5Y)	9.96%●	4.36%
EPS CAGR (5Y)	4.13%	10.10%●
FCF CAGR (5Y)	-8.47%●	-18.53%
Total return CAGR (5Y)	-27.08%	24.12%●

Frequently asked

Which is better, ENPH or PLXS?: It depends on your goal. value: ENPH (lower P/E); growth: ENPH (faster 5Y revenue CAGR); quality: PLXS (higher ROIC). Across all compared metrics, ENPH leads 10 to 6.
Is ENPH or PLXS cheaper?: On trailing earnings, ENPH is cheaper: ENPH trades at a 36.34 P/E and PLXS at 37.20.
Which has grown faster, ENPH or PLXS?: Over the past five years, ENPH grew revenue faster — ENPH at a 9.96% CAGR versus PLXS at 4.36%.
Is ENPH or PLXS more profitable?: ENPH runs the higher net margin — ENPH at 9.64% versus PLXS at 4.35%.
Which has been the better investment, ENPH or PLXS?: Over the past 10-year, ENPH delivered the higher annualized total return — ENPH at 34.80% versus PLXS at 18.94%. Past performance doesn't predict future results.

Go deeper

Full ENPH analysis Full PLXS analysis Interactive comparison tool

Dig into the metrics

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

Enphase Energy & Plexus appear in these rankings

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 July 25, 2026.