Which has grown faster, ENPH or SOL?

Over the past five years, ENPH grew revenue faster — ENPH at a 4.60% CAGR versus SOL at -3.16%.

Is ENPH or SOL more profitable?

ENPH runs the higher net margin — ENPH at 10.09% versus SOL at -7.48%.

How have ENPH and SOL total returns compared?

Over the past 10 years, ENPH delivered 35.05% and SOL delivered -11.38% annualized total return. Past performance doesn't predict future results.

Enphase Energy, Inc. (ENPH) vs Emeren Group, Ltd. (SOL)

A side-by-side comparison of Enphase Energy, Inc. and Emeren Group, Ltd. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 29, 2026. Differences are shown without an overall score or investment verdict.

ENPH

Enphase Energy, Inc.

$4.62B

$35.07EnergyDelayed quote: Jul 29, 2026, 4:00 PM EDT

SOL

Emeren Group, Ltd.

$996M

$1.94EnergyAt close: Dec 12, 2025, 4:00 PM ET

Total return — ENPH vs SOL

growth of $100 · dividends reinvested · last 14y

ENPH +346.7%SOL -83.8%ENPH compounded faster

Log scale — wide-divergence pair

ENPH SOL

ENPH vs SOL: by the numbers

•ENPH is the larger company ($4.62B vs $996M market cap).
•ENPH is profitable (10.09% net margin) while SOL runs a net loss (-7.48%).
•ENPH grew revenue faster over the past five years (4.60% vs -3.16% CAGR).

Metrics side by side

Valuation

Metric	ENPH	SOL
P/E ratio	36.32	N/A
Forward P/E	17.66	9.46
P/S ratio	3.63	1.40
P/B ratio	4.08	0.32
PEG ratio	0.34	N/A
EV / EBITDA	28.92	N/A
FCF yield	3.16%	33.90%

Profitability

Metric	ENPH	SOL
Gross margin	46.95%	33.95%
Operating margin	8.27%	-0.55%
Net margin	10.09%	-7.48%
ROE	11.34%	-1.72%
ROIC	4.79%	-0.12%

Growth (annualized)

Metric	ENPH	SOL
Revenue CAGR (5Y)	4.60%	-3.16%
EPS CAGR (5Y)	4.13%	-42.24%
FCF CAGR (5Y)	-9.69%	N/A
Total return CAGR (5Y)	-27.51%	-18.92%

Frequently asked

Which has grown faster, ENPH or SOL?: Over the past five years, ENPH grew revenue faster — ENPH at a 4.60% CAGR versus SOL at -3.16%.
Is ENPH or SOL more profitable?: ENPH runs the higher net margin — ENPH at 10.09% versus SOL at -7.48%.
How have ENPH and SOL total returns compared?: Over the past 10 years, ENPH delivered 35.05% and SOL delivered -11.38% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ENPH analysis Full SOL analysis Interactive comparison tool

Dig into the metrics

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

Enphase Energy & Emeren appear in these rankings

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 July 29, 2026.