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Side-by-side financial comparison of Enlight Renewable Energy Ltd. (ENLT) and Hut 8 Corp. (HUT). Click either name above to swap in a different company.

Enlight Renewable Energy Ltd. is the larger business by last-quarter revenue ($109.5M vs $88.5M, roughly 1.2× Hut 8 Corp.).

Enlight Renewable Energy is a publicly traded company, headquartered in Israel, that builds and operates solar and wind power facilities. Its shares are traded on the Tel Aviv Stock Exchange and on Nasdaq (ENLT) following the company’s United States initial public offering in February 2023. In addition to solar and wind, Enlight develops utility-scale energy storage and agrivoltaic projects integrating agricultural land use with photovoltaic generation.

Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).

ENLT vs HUT — Head-to-Head

Bigger by revenue
ENLT
ENLT
1.2× larger
ENLT
$109.5M
$88.5M
HUT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ENLT
ENLT
HUT
HUT
Revenue
$109.5M
$88.5M
Net Profit
$-279.7M
Gross Margin
60.4%
Operating Margin
60.1%
-491.4%
Net Margin
-316.0%
Revenue YoY
179.2%
Net Profit YoY
-283.7%
EPS (diluted)
$123305879.00
$-2.45

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
ENLT
ENLT
HUT
HUT
Q4 25
$109.5M
$88.5M
Q3 25
$83.5M
Q2 25
$84.7M
$41.3M
Q1 25
$90.4M
$21.8M
Q4 24
$73.8M
$31.7M
Q3 24
$58.3M
$43.7M
Q2 24
$52.6M
$35.2M
Q1 24
$71.0M
$51.7M
Net Profit
ENLT
ENLT
HUT
HUT
Q4 25
$-279.7M
Q3 25
$50.1M
Q2 25
$137.3M
Q1 25
$-133.9M
Q4 24
$152.2M
Q3 24
$647.0K
Q2 24
$-71.9M
Q1 24
$250.9M
Gross Margin
ENLT
ENLT
HUT
HUT
Q4 25
60.4%
Q3 25
61.3%
Q2 25
47.3%
Q1 25
14.5%
Q4 24
35.9%
Q3 24
48.9%
59.9%
Q2 24
55.5%
41.4%
Q1 24
67.6%
45.6%
Operating Margin
ENLT
ENLT
HUT
HUT
Q4 25
60.1%
-491.4%
Q3 25
87.0%
Q2 25
41.2%
Q1 25
47.4%
-676.8%
Q4 24
58.1%
Q3 24
73.2%
-3.6%
Q2 24
63.7%
-246.2%
Q1 24
55.0%
Net Margin
ENLT
ENLT
HUT
HUT
Q4 25
-316.0%
Q3 25
60.0%
Q2 25
332.5%
Q1 25
-613.7%
Q4 24
480.3%
Q3 24
1.5%
Q2 24
-204.1%
Q1 24
484.9%
EPS (diluted)
ENLT
ENLT
HUT
HUT
Q4 25
$123305879.00
$-2.45
Q3 25
$0.43
Q2 25
$125866004.00
$1.18
Q1 25
$122889909.00
$-1.30
Q4 24
$1.41
Q3 24
$125866004.00
$0.01
Q2 24
$125873060.00
$-0.78
Q1 24
$117820495.00
$2.76

Balance Sheet & Financial Strength

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

Metric
ENLT
ENLT
HUT
HUT
Cash + ST InvestmentsLiquidity on hand
$44.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
Total Assets
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENLT
ENLT
HUT
HUT
Q4 25
$44.9M
Q3 25
$33.5M
Q2 25
$216.3M
Q1 25
$108.4M
Q4 24
$387.4M
$85.0M
Q3 24
Q2 24
Q1 24
$11.5M
Total Debt
ENLT
ENLT
HUT
HUT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$300.6M
Q3 24
$297.3M
Q2 24
$328.8M
Q1 24
$177.6M
Stockholders' Equity
ENLT
ENLT
HUT
HUT
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.3B
Q1 25
$960.0M
Q4 24
$1.4B
$976.7M
Q3 24
$703.9M
Q2 24
$660.1M
Q1 24
$732.0M
Total Assets
ENLT
ENLT
HUT
HUT
Q4 25
$2.8B
Q3 25
$2.7B
Q2 25
$2.0B
Q1 25
$1.6B
Q4 24
$5.5B
$1.5B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$999.0M
Debt / Equity
ENLT
ENLT
HUT
HUT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.31×
Q3 24
0.42×
Q2 24
0.50×
Q1 24
0.24×

Cash Flow & Capital Efficiency

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

Metric
ENLT
ENLT
HUT
HUT
Operating Cash FlowLast quarter
$-139.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENLT
ENLT
HUT
HUT
Q4 25
$-139.2M
Q3 25
$770.0K
Q2 25
$-48.8M
Q1 25
$-33.8M
Q4 24
$255.3M
$-68.5M
Q3 24
$-4.2M
Q2 24
$-16.4M
Q1 24
$-26.3M
Cash Conversion
ENLT
ENLT
HUT
HUT
Q4 25
Q3 25
0.02×
Q2 25
-0.36×
Q1 25
Q4 24
-0.45×
Q3 24
-6.49×
Q2 24
Q1 24
-0.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ENLT
ENLT

Segment adjusted EBITDA$99.7M91%
Tax benefits$10.1M9%

HUT
HUT

High Performance Computing Colocation And Cloud$81.9M93%
Power$5.0M6%
Digital Infrastructure$1.6M2%

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