Which has grown faster, ENPH or SEDG?

Over the past five years, ENPH grew revenue faster — ENPH at a 9.96% CAGR versus SEDG at -2.31%.

Is ENPH or SEDG more profitable?

ENPH runs the higher net margin — ENPH at 9.64% versus SEDG at -28.56%.

Which has been the better investment, ENPH or SEDG?

Over the past 10-year, ENPH delivered the higher annualized total return — ENPH at 36.20% versus SEDG at 11.26%. Past performance doesn't predict future results.

Enphase Energy, Inc. (ENPH) vs SolarEdge Technologies, Inc. (SEDG)

ENPH leads on 11 of 13 compared metrics.

A side-by-side comparison of Enphase Energy, Inc. and SolarEdge Technologies, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 2, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

SolarEdge Technologies, Inc.

$3.19B

$52.38Energy

Total return — ENPH vs SEDG

growth of $100 · last 11y

ENPH +252.2%SEDG +174.0%ENPH compounded faster

ENPH SEDG

ENPH vs SEDG: by the numbers

•ENPH is the larger company ($5.68B vs $3.19B market cap).
•ENPH is profitable (9.64% net margin) while SEDG runs a net loss (-28.56%).
•ENPH grew revenue faster over the past five years (9.96% vs -2.31% CAGR).

Which is better, ENPH or SEDG?

Metric tally: ENPH 11 · SEDG 2

It depends on what you're optimizing for:

GrowthENPH(faster 5Y revenue CAGR)

QualityENPH(higher ROIC)

Metrics side by side

Valuation

Metric	ENPH	SEDG
P/E ratio	42.64	—
Forward P/E	18.46●	35.66
P/S ratio	4.04	2.63●
P/B ratio	5.13●	8.16
PEG ratio	0.34	—
EV / EBITDA	33.00	—
FCF yield	2.56%●	2.32%

Profitability

Metric	ENPH	SEDG
Gross margin	44.23%●	18.21%
Operating margin	6.81%●	-17.89%
Net margin	9.64%●	-28.56%
ROE	12.25%●	-88.70%
ROIC	4.79%●	-20.68%

Growth (annualized)

Metric	ENPH	SEDG
Revenue CAGR (5Y)	9.96%●	-2.31%
EPS CAGR (5Y)	4.13%●	-25.68%
FCF CAGR (5Y)	-8.47%	39.54%●
Total return CAGR (5Y)	-25.40%●	-27.15%

Frequently asked

Which is better, ENPH or SEDG?: It depends on your goal. growth: ENPH (faster 5Y revenue CAGR); quality: ENPH (higher ROIC). Across all compared metrics, ENPH leads 11 to 2.
Which has grown faster, ENPH or SEDG?: Over the past five years, ENPH grew revenue faster — ENPH at a 9.96% CAGR versus SEDG at -2.31%.
Is ENPH or SEDG more profitable?: ENPH runs the higher net margin — ENPH at 9.64% versus SEDG at -28.56%.
Which has been the better investment, ENPH or SEDG?: Over the past 10-year, ENPH delivered the higher annualized total return — ENPH at 36.20% versus SEDG at 11.26%. Past performance doesn't predict future results.

Go deeper

Full ENPH analysis Full SEDG analysis Interactive comparison tool

Dig into the metrics

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

Enphase Energy & SolarEdge Technologies 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 2, 2026.