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Side-by-side financial comparison of Enphase Energy (ENPH) and ESCO TECHNOLOGIES INC (ESE). Click either name above to swap in a different company.
ESCO TECHNOLOGIES INC is the larger business by last-quarter revenue ($289.7M vs $282.9M, roughly 1.0× Enphase Energy). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs -2.6%, a 12.5% gap on every dollar of revenue. On growth, ESCO TECHNOLOGIES INC posted the faster year-over-year revenue change (17.3% vs -20.6%). Enphase Energy produced more free cash flow last quarter ($83.0M vs $63.0M). Over the past eight quarters, ESCO TECHNOLOGIES INC's revenue compounded faster (7.8% CAGR vs -3.4%).
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.
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
ENPH vs ESE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $289.7M |
| Net Profit | $-7.4M | $28.7M |
| Gross Margin | 35.5% | 41.4% |
| Operating Margin | — | 13.2% |
| Net Margin | -2.6% | 9.9% |
| Revenue YoY | -20.6% | 17.3% |
| Net Profit YoY | -124.9% | 22.2% |
| EPS (diluted) | $-0.06 | $1.11 |
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.
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $289.7M | ||
| Q3 25 | $410.4M | $286.5M | ||
| Q2 25 | $363.2M | $296.3M | ||
| Q1 25 | $356.1M | $265.5M | ||
| Q4 24 | $382.7M | $247.0M | ||
| Q3 24 | $380.9M | $298.5M | ||
| Q2 24 | $303.5M | $260.8M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $28.7M | ||
| Q3 25 | $66.6M | $218.7M | ||
| Q2 25 | $37.1M | $26.1M | ||
| Q1 25 | $29.7M | $31.0M | ||
| Q4 24 | $62.2M | $23.5M | ||
| Q3 24 | $45.8M | $34.3M | ||
| Q2 24 | $10.8M | $29.2M |
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 41.4% | ||
| Q3 25 | 47.8% | 45.9% | ||
| Q2 25 | 46.9% | 41.2% | ||
| Q1 25 | 47.2% | 41.1% | ||
| Q4 24 | 51.8% | 39.8% | ||
| Q3 24 | 46.8% | 40.1% | ||
| Q2 24 | 45.2% | 39.6% |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 13.2% | ||
| Q3 25 | 16.1% | 17.2% | ||
| Q2 25 | 10.2% | 11.2% | ||
| Q1 25 | 9.0% | 15.3% | ||
| Q4 24 | 14.3% | 11.4% | ||
| Q3 24 | 13.1% | 14.8% | ||
| Q2 24 | 0.6% | 14.3% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 9.9% | ||
| Q3 25 | 16.2% | 76.3% | ||
| Q2 25 | 10.2% | 8.8% | ||
| Q1 25 | 8.3% | 11.7% | ||
| Q4 24 | 16.2% | 9.5% | ||
| Q3 24 | 12.0% | 11.5% | ||
| Q2 24 | 3.6% | 11.2% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $1.11 | ||
| Q3 25 | $0.50 | $8.43 | ||
| Q2 25 | $0.28 | $1.01 | ||
| Q1 25 | $0.22 | $1.20 | ||
| Q4 24 | $0.46 | $0.91 | ||
| Q3 24 | $0.33 | $1.32 | ||
| Q2 24 | $0.08 | $1.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $497.5M | $103.8M |
| Total DebtLower is stronger | — | $145.5M |
| Stockholders' EquityBook value | $1.1B | $1.6B |
| Total Assets | $2.7B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $103.8M | ||
| Q3 25 | $1.5B | $101.3M | ||
| Q2 25 | $1.5B | $78.7M | ||
| Q1 25 | $1.5B | $57.4M | ||
| Q4 24 | $1.6B | $71.3M | ||
| Q3 24 | $1.8B | $66.0M | ||
| Q2 24 | $1.6B | $63.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $145.5M | ||
| Q3 25 | $1.2B | $186.0M | ||
| Q2 25 | $1.2B | $525.0M | ||
| Q1 25 | $1.2B | $88.0M | ||
| Q4 24 | $1.3B | $112.0M | ||
| Q3 24 | $1.3B | $122.0M | ||
| Q2 24 | $1.3B | $173.0M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $995.0M | $1.5B | ||
| Q2 25 | $880.6M | $1.3B | ||
| Q1 25 | $810.7M | $1.3B | ||
| Q4 24 | $833.0M | $1.2B | ||
| Q3 24 | $931.4M | $1.2B | ||
| Q2 24 | $884.5M | $1.2B |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $2.4B | ||
| Q3 25 | $3.3B | $2.4B | ||
| Q2 25 | $3.2B | $2.5B | ||
| Q1 25 | $3.1B | $1.8B | ||
| Q4 24 | $3.2B | $1.8B | ||
| Q3 24 | $3.3B | $1.8B | ||
| Q2 24 | $3.2B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 0.09× | ||
| Q3 25 | 1.21× | 0.12× | ||
| Q2 25 | 1.37× | 0.40× | ||
| Q1 25 | 1.48× | 0.07× | ||
| Q4 24 | 1.56× | 0.09× | ||
| Q3 24 | 1.40× | 0.10× | ||
| Q2 24 | 1.47× | 0.14× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $102.9M | $68.9M |
| Free Cash FlowOCF − Capex | $83.0M | $63.0M |
| FCF MarginFCF / Revenue | 29.3% | 21.7% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.40× |
| TTM Free Cash FlowTrailing 4 quarters | $145.1M | $239.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $68.9M | ||
| Q3 25 | $13.9M | $109.9M | ||
| Q2 25 | $26.6M | $73.7M | ||
| Q1 25 | $48.4M | $24.1M | ||
| Q4 24 | $167.3M | $34.2M | ||
| Q3 24 | $170.1M | $72.1M | ||
| Q2 24 | $127.1M | $36.2M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $63.0M | ||
| Q3 25 | $5.9M | $97.8M | ||
| Q2 25 | $18.4M | $64.9M | ||
| Q1 25 | $33.8M | $14.0M | ||
| Q4 24 | $159.2M | $29.0M | ||
| Q3 24 | $161.6M | $60.9M | ||
| Q2 24 | $117.4M | $27.6M |
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 21.7% | ||
| Q3 25 | 1.4% | 34.1% | ||
| Q2 25 | 5.1% | 21.9% | ||
| Q1 25 | 9.5% | 5.3% | ||
| Q4 24 | 41.6% | 11.7% | ||
| Q3 24 | 42.4% | 20.4% | ||
| Q2 24 | 38.7% | 10.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 2.0% | ||
| Q3 25 | 2.0% | 4.2% | ||
| Q2 25 | 2.3% | 3.0% | ||
| Q1 25 | 4.1% | 3.8% | ||
| Q4 24 | 2.1% | 2.1% | ||
| Q3 24 | 2.2% | 3.8% | ||
| Q2 24 | 3.2% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 2.40× | ||
| Q3 25 | 0.21× | 0.50× | ||
| Q2 25 | 0.72× | 2.83× | ||
| Q1 25 | 1.63× | 0.78× | ||
| Q4 24 | 2.69× | 1.46× | ||
| Q3 24 | 3.72× | 2.10× | ||
| Q2 24 | 11.73× | 1.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENPH
Segment breakdown not available.
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
