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Side-by-side financial comparison of ALAMO GROUP INC (ALG) and Enphase Energy (ENPH). Click either name above to swap in a different company.

ALAMO GROUP INC is the larger business by last-quarter revenue ($373.6M vs $282.9M, roughly 1.3× Enphase Energy). ALAMO GROUP INC runs the higher net margin — 4.2% vs -2.6%, a 6.8% gap on every dollar of revenue. On growth, ALAMO GROUP INC posted the faster year-over-year revenue change (-3.0% vs -20.6%). Enphase Energy produced more free cash flow last quarter ($83.0M vs $69.9M). Over the past eight quarters, Enphase Energy's revenue compounded faster (-3.4% CAGR vs -6.3%).

The Alamo Drafthouse Cinema is an American cinema chain founded in 1997 in Austin, Texas, which is famous for serving dinner and drinks during the film, as well as its strict policy of requiring its audiences to maintain proper cinema-going etiquette. Sony Pictures Experiences acquired the chain in June 2024.

Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers. Enphase was established in 2006 and is the first company to successfully commercialize solar micro-inverters, which convert the direct current (DC) power generated by solar panels into grid-compatible alternating current (AC) for use or export.

ALG vs ENPH — Head-to-Head

Bigger by revenue
ALG
ALG
1.3× larger
ALG
$373.6M
$282.9M
ENPH
Growing faster (revenue YoY)
ALG
ALG
+17.5% gap
ALG
-3.0%
-20.6%
ENPH
Higher net margin
ALG
ALG
6.8% more per $
ALG
4.2%
-2.6%
ENPH
More free cash flow
ENPH
ENPH
$13.1M more FCF
ENPH
$83.0M
$69.9M
ALG
Faster 2-yr revenue CAGR
ENPH
ENPH
Annualised
ENPH
-3.4%
-6.3%
ALG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ALG
ALG
ENPH
ENPH
Revenue
$373.6M
$282.9M
Net Profit
$15.5M
$-7.4M
Gross Margin
22.7%
35.5%
Operating Margin
6.0%
Net Margin
4.2%
-2.6%
Revenue YoY
-3.0%
-20.6%
Net Profit YoY
-44.8%
-124.9%
EPS (diluted)
$1.28
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALG
ALG
ENPH
ENPH
Q1 26
$282.9M
Q4 25
$373.6M
$343.3M
Q3 25
$420.0M
$410.4M
Q2 25
$419.1M
$363.2M
Q1 25
$390.9M
$356.1M
Q4 24
$385.3M
$382.7M
Q3 24
$401.3M
$380.9M
Q2 24
$416.3M
$303.5M
Net Profit
ALG
ALG
ENPH
ENPH
Q1 26
$-7.4M
Q4 25
$15.5M
$38.7M
Q3 25
$25.4M
$66.6M
Q2 25
$31.1M
$37.1M
Q1 25
$31.8M
$29.7M
Q4 24
$28.1M
$62.2M
Q3 24
$27.4M
$45.8M
Q2 24
$28.3M
$10.8M
Gross Margin
ALG
ALG
ENPH
ENPH
Q1 26
35.5%
Q4 25
22.7%
44.3%
Q3 25
24.2%
47.8%
Q2 25
25.8%
46.9%
Q1 25
26.3%
47.2%
Q4 24
23.8%
51.8%
Q3 24
25.1%
46.8%
Q2 24
26.0%
45.2%
Operating Margin
ALG
ALG
ENPH
ENPH
Q1 26
Q4 25
6.0%
6.5%
Q3 25
8.9%
16.1%
Q2 25
11.2%
10.2%
Q1 25
11.4%
9.0%
Q4 24
8.9%
14.3%
Q3 24
10.0%
13.1%
Q2 24
10.4%
0.6%
Net Margin
ALG
ALG
ENPH
ENPH
Q1 26
-2.6%
Q4 25
4.2%
11.3%
Q3 25
6.0%
16.2%
Q2 25
7.4%
10.2%
Q1 25
8.1%
8.3%
Q4 24
7.3%
16.2%
Q3 24
6.8%
12.0%
Q2 24
6.8%
3.6%
EPS (diluted)
ALG
ALG
ENPH
ENPH
Q1 26
$-0.06
Q4 25
$1.28
$0.29
Q3 25
$2.10
$0.50
Q2 25
$2.57
$0.28
Q1 25
$2.64
$0.22
Q4 24
$2.33
$0.46
Q3 24
$2.28
$0.33
Q2 24
$2.35
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALG
ALG
ENPH
ENPH
Cash + ST InvestmentsLiquidity on hand
$309.7M
$497.5M
Total DebtLower is stronger
$190.7M
Stockholders' EquityBook value
$1.1B
$1.1B
Total Assets
$1.6B
$2.7B
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALG
ALG
ENPH
ENPH
Q1 26
$497.5M
Q4 25
$309.7M
$1.5B
Q3 25
$244.8M
$1.5B
Q2 25
$201.8M
$1.5B
Q1 25
$200.3M
$1.5B
Q4 24
$197.3M
$1.6B
Q3 24
$140.0M
$1.8B
Q2 24
$118.5M
$1.6B
Total Debt
ALG
ALG
ENPH
ENPH
Q1 26
Q4 25
$190.7M
$1.2B
Q3 25
$194.4M
$1.2B
Q2 25
$198.1M
$1.2B
Q1 25
$201.8M
$1.2B
Q4 24
$205.5M
$1.3B
Q3 24
$209.2M
$1.3B
Q2 24
$278.6M
$1.3B
Stockholders' Equity
ALG
ALG
ENPH
ENPH
Q1 26
$1.1B
Q4 25
$1.1B
$1.1B
Q3 25
$1.1B
$995.0M
Q2 25
$1.1B
$880.6M
Q1 25
$1.1B
$810.7M
Q4 24
$1.0B
$833.0M
Q3 24
$1.0B
$931.4M
Q2 24
$979.7M
$884.5M
Total Assets
ALG
ALG
ENPH
ENPH
Q1 26
$2.7B
Q4 25
$1.6B
$3.5B
Q3 25
$1.6B
$3.3B
Q2 25
$1.6B
$3.2B
Q1 25
$1.5B
$3.1B
Q4 24
$1.5B
$3.2B
Q3 24
$1.5B
$3.3B
Q2 24
$1.5B
$3.2B
Debt / Equity
ALG
ALG
ENPH
ENPH
Q1 26
Q4 25
0.17×
1.11×
Q3 25
0.17×
1.21×
Q2 25
0.18×
1.37×
Q1 25
0.19×
1.48×
Q4 24
0.20×
1.56×
Q3 24
0.21×
1.40×
Q2 24
0.28×
1.47×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALG
ALG
ENPH
ENPH
Operating Cash FlowLast quarter
$75.1M
$102.9M
Free Cash FlowOCF − Capex
$69.9M
$83.0M
FCF MarginFCF / Revenue
18.7%
29.3%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
4.84×
TTM Free Cash FlowTrailing 4 quarters
$146.9M
$145.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALG
ALG
ENPH
ENPH
Q1 26
$102.9M
Q4 25
$75.1M
$47.6M
Q3 25
$65.5M
$13.9M
Q2 25
$22.7M
$26.6M
Q1 25
$14.2M
$48.4M
Q4 24
$79.1M
$167.3M
Q3 24
$96.3M
$170.1M
Q2 24
$33.2M
$127.1M
Free Cash Flow
ALG
ALG
ENPH
ENPH
Q1 26
$83.0M
Q4 25
$69.9M
$37.8M
Q3 25
$53.1M
$5.9M
Q2 25
$15.7M
$18.4M
Q1 25
$8.2M
$33.8M
Q4 24
$73.1M
$159.2M
Q3 24
$88.4M
$161.6M
Q2 24
$28.8M
$117.4M
FCF Margin
ALG
ALG
ENPH
ENPH
Q1 26
29.3%
Q4 25
18.7%
11.0%
Q3 25
12.6%
1.4%
Q2 25
3.8%
5.1%
Q1 25
2.1%
9.5%
Q4 24
19.0%
41.6%
Q3 24
22.0%
42.4%
Q2 24
6.9%
38.7%
Capex Intensity
ALG
ALG
ENPH
ENPH
Q1 26
Q4 25
1.4%
2.8%
Q3 25
3.0%
2.0%
Q2 25
1.7%
2.3%
Q1 25
1.5%
4.1%
Q4 24
1.6%
2.1%
Q3 24
2.0%
2.2%
Q2 24
1.1%
3.2%
Cash Conversion
ALG
ALG
ENPH
ENPH
Q1 26
Q4 25
4.84×
1.23×
Q3 25
2.58×
0.21×
Q2 25
0.73×
0.72×
Q1 25
0.45×
1.63×
Q4 24
2.82×
2.69×
Q3 24
3.51×
3.72×
Q2 24
1.17×
11.73×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALG
ALG

Wholegood Units$293.2M78%
Parts$61.6M16%
Other Revenue$18.9M5%

ENPH
ENPH

Segment breakdown not available.

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