vs
Side-by-side financial comparison of Enphase Energy (ENPH) and Essent Group Ltd. (ESNT). Click either name above to swap in a different company.
Essent Group Ltd. is the larger business by last-quarter revenue ($312.4M vs $282.9M, roughly 1.1× Enphase Energy). Essent Group Ltd. runs the higher net margin — 49.6% vs -2.6%, a 52.2% gap on every dollar of revenue. On growth, Essent Group Ltd. posted the faster year-over-year revenue change (-0.8% vs -20.6%). Over the past eight quarters, Essent Group Ltd.'s revenue compounded faster (2.3% 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.
Essentra PLC is a supplier of plastic and fibre products. The company operates internationally from headquarters in Kidlington, Oxfordshire. It is listed on the London Stock Exchange.
ENPH vs ESNT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $312.4M |
| Net Profit | $-7.4M | $155.0M |
| Gross Margin | 35.5% | — |
| Operating Margin | 54.0% | 59.1% |
| Net Margin | -2.6% | 49.6% |
| Revenue YoY | -20.6% | -0.8% |
| Net Profit YoY | -124.9% | -7.7% |
| EPS (diluted) | $-0.06 | $1.61 |
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 | $312.4M | ||
| Q3 25 | $410.4M | $311.8M | ||
| Q2 25 | $363.2M | $319.1M | ||
| Q1 25 | $356.1M | $317.6M | ||
| Q4 24 | $382.7M | $315.0M | ||
| Q3 24 | $380.9M | $316.6M | ||
| Q2 24 | $303.5M | $312.9M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $155.0M | ||
| Q3 25 | $66.6M | $164.2M | ||
| Q2 25 | $37.1M | $195.3M | ||
| Q1 25 | $29.7M | $175.4M | ||
| Q4 24 | $62.2M | $167.9M | ||
| Q3 24 | $45.8M | $176.2M | ||
| Q2 24 | $10.8M | $203.6M |
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | — | ||
| Q3 25 | 47.8% | — | ||
| Q2 25 | 46.9% | — | ||
| Q1 25 | 47.2% | — | ||
| Q4 24 | 51.8% | — | ||
| Q3 24 | 46.8% | — | ||
| Q2 24 | 45.2% | — |
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | 59.1% | ||
| Q3 25 | 16.1% | 63.9% | ||
| Q2 25 | 10.2% | 72.4% | ||
| Q1 25 | 9.0% | 65.2% | ||
| Q4 24 | 14.3% | 61.9% | ||
| Q3 24 | 13.1% | 65.6% | ||
| Q2 24 | 0.6% | 76.4% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 49.6% | ||
| Q3 25 | 16.2% | 52.7% | ||
| Q2 25 | 10.2% | 61.2% | ||
| Q1 25 | 8.3% | 55.2% | ||
| Q4 24 | 16.2% | 53.3% | ||
| Q3 24 | 12.0% | 55.6% | ||
| Q2 24 | 3.6% | 65.1% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $1.61 | ||
| Q3 25 | $0.50 | $1.67 | ||
| Q2 25 | $0.28 | $1.93 | ||
| Q1 25 | $0.22 | $1.69 | ||
| Q4 24 | $0.46 | $1.59 | ||
| Q3 24 | $0.33 | $1.65 | ||
| Q2 24 | $0.08 | $1.91 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $5.8B |
| Total Assets | $2.7B | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $5.8B | ||
| Q3 25 | $995.0M | $5.7B | ||
| Q2 25 | $880.6M | $5.7B | ||
| Q1 25 | $810.7M | $5.7B | ||
| Q4 24 | $833.0M | $5.6B | ||
| Q3 24 | $931.4M | $5.6B | ||
| Q2 24 | $884.5M | $5.4B |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $7.4B | ||
| Q3 25 | $3.3B | $7.4B | ||
| Q2 25 | $3.2B | $7.2B | ||
| Q1 25 | $3.1B | $7.2B | ||
| Q4 24 | $3.2B | $7.1B | ||
| Q3 24 | $3.3B | $7.1B | ||
| Q2 24 | $3.2B | $6.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.37× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $102.9M | $856.1M |
| Free Cash FlowOCF − Capex | — | $848.7M |
| FCF MarginFCF / Revenue | — | 271.7% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | 5.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $856.1M | ||
| Q3 25 | $13.9M | $215.9M | ||
| Q2 25 | $26.6M | $189.5M | ||
| Q1 25 | $48.4M | $221.6M | ||
| Q4 24 | $167.3M | $861.5M | ||
| Q3 24 | $170.1M | $229.2M | ||
| Q2 24 | $127.1M | $188.7M |
| Q1 26 | — | — | ||
| Q4 25 | $37.8M | $848.7M | ||
| Q3 25 | $5.9M | $210.6M | ||
| Q2 25 | $18.4M | $188.8M | ||
| Q1 25 | $33.8M | $221.3M | ||
| Q4 24 | $159.2M | $854.8M | ||
| Q3 24 | $161.6M | $228.7M | ||
| Q2 24 | $117.4M | $187.6M |
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 271.7% | ||
| Q3 25 | 1.4% | 67.5% | ||
| Q2 25 | 5.1% | 59.2% | ||
| Q1 25 | 9.5% | 69.7% | ||
| Q4 24 | 41.6% | 271.3% | ||
| Q3 24 | 42.4% | 72.2% | ||
| Q2 24 | 38.7% | 60.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 2.4% | ||
| Q3 25 | 2.0% | 1.7% | ||
| Q2 25 | 2.3% | 0.2% | ||
| Q1 25 | 4.1% | 0.1% | ||
| Q4 24 | 2.1% | 2.1% | ||
| Q3 24 | 2.2% | 0.2% | ||
| Q2 24 | 3.2% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 5.52× | ||
| Q3 25 | 0.21× | 1.31× | ||
| Q2 25 | 0.72× | 0.97× | ||
| Q1 25 | 1.63× | 1.26× | ||
| Q4 24 | 2.69× | 5.13× | ||
| Q3 24 | 3.72× | 1.30× | ||
| Q2 24 | 11.73× | 0.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENPH
Segment breakdown not available.
ESNT
| Mortgage Insurance Segment | $192.4M | 62% |
| Other | $120.0M | 38% |
