Enphase Energy, Inc. (ENPH) vs QUALCOMM Incorporated (QCOM)
A side-by-side comparison of Enphase Energy, Inc. and QUALCOMM Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.
Different business models: ENPH is classified in Energy; QCOM is classified in Technology. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
ENPH
Enphase Energy, Inc.
$36.35EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT
QCOM
QUALCOMM Incorporated
$181.97TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — ENPH vs QCOM
growth of $100 · dividends reinvested · last 10yENPH +1978.3% (+35.4%/yr)QCOM +266.0% (+13.9%/yr)ENPH compounded faster over this window
Log scale — wide-divergence pair
ENPH QCOM
ENPH vs QCOM: by the numbers
- •QCOM is the larger company ($191.07B vs $4.80B market cap).
- •QCOM trades at the lower trailing earnings multiple (20.77 vs 36.35 P/E), one valuation lens rather than an overall verdict.
- •QCOM converts more revenue to profit (21.01% vs 10.09% net margin).
- •QCOM grew revenue faster over the past five years (6.23% vs 4.60% CAGR).
- •QCOM pays a dividend (2.05% yield), while ENPH has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | ENPH | QCOM |
|---|---|---|
| P/E ratio | 36.35 | 20.77 |
| Forward P/E | 18.19 | 17.26 |
| P/S ratio | 3.62 | 4.34 |
| P/B ratio | 4.06 | 6.91 |
| EV / EBITDA | 25.79 | 17.11 |
| FCF yield | 3.18% | 5.45% |
Profitability
| Metric | ENPH | QCOM |
|---|---|---|
| Gross margin | 46.95% | 54.23% |
| Operating margin | 8.27% | 23.19% |
| Net margin | 10.09% | 21.01% |
| ROE | 11.34% | 33.48% |
| ROIC | 3.82% | 17.42% |
Dividends
| Metric | ENPH | QCOM |
|---|---|---|
| Dividend yield | N/A | 2.05% |
| Payout ratio | N/A | 41.32% |
Growth (annualized)
| Metric | ENPH | QCOM |
|---|---|---|
| Revenue CAGR (5Y) | 4.60% | 6.23% |
| EPS CAGR (5Y) | 4.13% | 2.02% |
| FCF CAGR (5Y) | -9.69% | 2.09% |
| Total return CAGR (5Y) | -25.28% | 6.80% |
Frequently asked
- Which has the lower trailing P/E, ENPH or QCOM?
- QCOM has the lower trailing P/E: ENPH trades at 36.35 and QCOM at 20.77. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ENPH or QCOM?
- Over the past five years, QCOM grew revenue faster — ENPH at a 4.60% CAGR versus QCOM at 6.23%.
- Does ENPH or QCOM pay a bigger dividend?
- QCOM pays a dividend (2.05% yield), while ENPH has no payments in the available dividend history.
- Is ENPH or QCOM more profitable?
- QCOM runs the higher net margin — ENPH at 10.09% versus QCOM at 21.01%.
- How have ENPH and QCOM total returns compared?
- Over the past 10 years, ENPH delivered 35.24% and QCOM delivered 14.33% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Enphase Energy P/E ratioQUALCOMM P/E ratioQUALCOMM dividend yieldEnphase Energy ROEQUALCOMM ROEEnphase Energy operating marginQUALCOMM operating marginEnphase Energy revenue growthQUALCOMM revenue growthEnphase Energy free cash flowQUALCOMM free cash flow
Enphase Energy & QUALCOMM appear in these rankings
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 11, 2026.