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Side-by-side financial comparison of Enphase Energy (ENPH) and JACK IN THE BOX INC (JACK). Click either name above to swap in a different company.

JACK IN THE BOX INC is the larger business by last-quarter revenue ($349.5M vs $282.9M, roughly 1.2× Enphase Energy). JACK IN THE BOX INC runs the higher net margin — -0.7% vs -2.6%, a 1.9% gap on every dollar of revenue. On growth, Enphase Energy posted the faster year-over-year revenue change (-20.6% vs -25.5%). Enphase Energy produced more free cash flow last quarter ($83.0M vs $7.3M). Over the past eight quarters, Enphase Energy's revenue compounded faster (-3.4% CAGR vs -18.6%).

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.

Jack in the Box, Inc. is an American fast food restaurant chain founded on February 21, 1951, by Robert O. Peterson in San Diego, California, where it is headquartered. The chain has over 2,200 locations, primarily serving the West Coast of the United States. Restaurants are also found in large urban areas outside the West Coast, as well as two in Guam. The company also formerly operated the Qdoba Mexican Grill chain until Apollo Global Management bought the chain in December 2017.

ENPH vs JACK — Head-to-Head

Bigger by revenue
JACK
JACK
1.2× larger
JACK
$349.5M
$282.9M
ENPH
Growing faster (revenue YoY)
ENPH
ENPH
+5.0% gap
ENPH
-20.6%
-25.5%
JACK
Higher net margin
JACK
JACK
1.9% more per $
JACK
-0.7%
-2.6%
ENPH
More free cash flow
ENPH
ENPH
$75.6M more FCF
ENPH
$83.0M
$7.3M
JACK
Faster 2-yr revenue CAGR
ENPH
ENPH
Annualised
ENPH
-3.4%
-18.6%
JACK

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ENPH
ENPH
JACK
JACK
Revenue
$282.9M
$349.5M
Net Profit
$-7.4M
$-2.5M
Gross Margin
35.5%
Operating Margin
13.3%
Net Margin
-2.6%
-0.7%
Revenue YoY
-20.6%
-25.5%
Net Profit YoY
-124.9%
-107.3%
EPS (diluted)
$-0.06
$-0.13

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
ENPH
ENPH
JACK
JACK
Q1 26
$282.9M
$349.5M
Q4 25
$343.3M
Q3 25
$410.4M
Q2 25
$363.2M
$336.7M
Q1 25
$356.1M
$371.1M
Q4 24
$382.7M
Q3 24
$380.9M
Q2 24
$303.5M
$365.3M
Net Profit
ENPH
ENPH
JACK
JACK
Q1 26
$-7.4M
$-2.5M
Q4 25
$38.7M
Q3 25
$66.6M
Q2 25
$37.1M
$-142.2M
Q1 25
$29.7M
$33.7M
Q4 24
$62.2M
Q3 24
$45.8M
Q2 24
$10.8M
$25.0M
Gross Margin
ENPH
ENPH
JACK
JACK
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%
Operating Margin
ENPH
ENPH
JACK
JACK
Q1 26
13.3%
Q4 25
6.5%
Q3 25
16.1%
Q2 25
10.2%
-46.7%
Q1 25
9.0%
19.0%
Q4 24
14.3%
Q3 24
13.1%
Q2 24
0.6%
14.8%
Net Margin
ENPH
ENPH
JACK
JACK
Q1 26
-2.6%
-0.7%
Q4 25
11.3%
Q3 25
16.2%
Q2 25
10.2%
-42.2%
Q1 25
8.3%
9.1%
Q4 24
16.2%
Q3 24
12.0%
Q2 24
3.6%
6.8%
EPS (diluted)
ENPH
ENPH
JACK
JACK
Q1 26
$-0.06
$-0.13
Q4 25
$0.29
Q3 25
$0.50
Q2 25
$0.28
$-7.47
Q1 25
$0.22
$1.75
Q4 24
$0.46
Q3 24
$0.33
Q2 24
$0.08
$1.26

Balance Sheet & Financial Strength

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

Metric
ENPH
ENPH
JACK
JACK
Cash + ST InvestmentsLiquidity on hand
$497.5M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$1.1B
$-936.0M
Total Assets
$2.7B
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENPH
ENPH
JACK
JACK
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
Total Debt
ENPH
ENPH
JACK
JACK
Q1 26
$1.6B
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
$1.7B
Q1 25
$1.2B
$1.7B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
$1.7B
Stockholders' Equity
ENPH
ENPH
JACK
JACK
Q1 26
$1.1B
$-936.0M
Q4 25
$1.1B
Q3 25
$995.0M
Q2 25
$880.6M
$-976.2M
Q1 25
$810.7M
$-827.1M
Q4 24
$833.0M
Q3 24
$931.4M
Q2 24
$884.5M
$-702.6M
Total Assets
ENPH
ENPH
JACK
JACK
Q1 26
$2.7B
$2.0B
Q4 25
$3.5B
Q3 25
$3.3B
Q2 25
$3.2B
$2.6B
Q1 25
$3.1B
$2.8B
Q4 24
$3.2B
Q3 24
$3.3B
Q2 24
$3.2B
$2.9B
Debt / Equity
ENPH
ENPH
JACK
JACK
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
ENPH
ENPH
JACK
JACK
Operating Cash FlowLast quarter
$102.9M
$30.5M
Free Cash FlowOCF − Capex
$83.0M
$7.3M
FCF MarginFCF / Revenue
29.3%
2.1%
Capex IntensityCapex / Revenue
6.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$145.1M
$34.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENPH
ENPH
JACK
JACK
Q1 26
$102.9M
$30.5M
Q4 25
$47.6M
Q3 25
$13.9M
Q2 25
$26.6M
$-36.8M
Q1 25
$48.4M
$105.7M
Q4 24
$167.3M
Q3 24
$170.1M
Q2 24
$127.1M
$16.7M
Free Cash Flow
ENPH
ENPH
JACK
JACK
Q1 26
$83.0M
$7.3M
Q4 25
$37.8M
Q3 25
$5.9M
Q2 25
$18.4M
$-63.2M
Q1 25
$33.8M
$84.4M
Q4 24
$159.2M
Q3 24
$161.6M
Q2 24
$117.4M
$6.4M
FCF Margin
ENPH
ENPH
JACK
JACK
Q1 26
29.3%
2.1%
Q4 25
11.0%
Q3 25
1.4%
Q2 25
5.1%
-18.8%
Q1 25
9.5%
22.7%
Q4 24
41.6%
Q3 24
42.4%
Q2 24
38.7%
1.8%
Capex Intensity
ENPH
ENPH
JACK
JACK
Q1 26
6.6%
Q4 25
2.8%
Q3 25
2.0%
Q2 25
2.3%
7.9%
Q1 25
4.1%
5.7%
Q4 24
2.1%
Q3 24
2.2%
Q2 24
3.2%
2.8%
Cash Conversion
ENPH
ENPH
JACK
JACK
Q1 26
Q4 25
1.23×
Q3 25
0.21×
Q2 25
0.72×
Q1 25
1.63×
3.14×
Q4 24
2.69×
Q3 24
3.72×
Q2 24
11.73×
0.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ENPH
ENPH

Segment breakdown not available.

JACK
JACK

Restaurant Sales$131.9M38%
Franchise$97.4M28%
Royaltyand Other$58.9M17%
Advertising$56.6M16%
Technology Service$4.7M1%
Franchise Fees$1.7M0%

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