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Side-by-side financial comparison of Enphase Energy (ENPH) and Kimco Realty (KIM). Click either name above to swap in a different company.
Kimco Realty is the larger business by last-quarter revenue ($542.5M vs $282.9M, roughly 1.9× Enphase Energy). Kimco Realty runs the higher net margin — 27.9% vs -2.6%, a 30.5% gap on every dollar of revenue. On growth, Kimco Realty posted the faster year-over-year revenue change (3.2% vs -20.6%). Over the past eight quarters, Kimco Realty's revenue compounded faster (3.8% 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.
Kimco Realty Corporation, headquartered in Jericho, New York, is a real estate investment trust that invests in shopping centers.
ENPH vs KIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $542.5M |
| Net Profit | $-7.4M | $151.2M |
| Gross Margin | 35.5% | — |
| Operating Margin | — | 36.4% |
| Net Margin | -2.6% | 27.9% |
| Revenue YoY | -20.6% | 3.2% |
| Net Profit YoY | -124.9% | -9.0% |
| EPS (diluted) | $-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.
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $542.5M | ||
| Q3 25 | $410.4M | $535.9M | ||
| Q2 25 | $363.2M | $525.2M | ||
| Q1 25 | $356.1M | $536.6M | ||
| Q4 24 | $382.7M | $525.4M | ||
| Q3 24 | $380.9M | $507.6M | ||
| Q2 24 | $303.5M | $500.2M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $151.2M | ||
| Q3 25 | $66.6M | $137.8M | ||
| Q2 25 | $37.1M | $163.0M | ||
| Q1 25 | $29.7M | $132.8M | ||
| Q4 24 | $62.2M | $166.0M | ||
| Q3 24 | $45.8M | $136.0M | ||
| Q2 24 | $10.8M | $119.7M |
| 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 | — | — | ||
| Q4 25 | 6.5% | 36.4% | ||
| Q3 25 | 16.1% | 34.9% | ||
| Q2 25 | 10.2% | 39.2% | ||
| Q1 25 | 9.0% | 33.6% | ||
| Q4 24 | 14.3% | 31.7% | ||
| Q3 24 | 13.1% | 33.7% | ||
| Q2 24 | 0.6% | 32.1% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 27.9% | ||
| Q3 25 | 16.2% | 25.7% | ||
| Q2 25 | 10.2% | 31.0% | ||
| Q1 25 | 8.3% | 24.8% | ||
| Q4 24 | 16.2% | 31.6% | ||
| Q3 24 | 12.0% | 26.8% | ||
| Q2 24 | 3.6% | 23.9% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | — | ||
| Q3 25 | $0.50 | — | ||
| Q2 25 | $0.28 | — | ||
| Q1 25 | $0.22 | — | ||
| Q4 24 | $0.46 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 24 | $0.08 | — |
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 | $211.6M |
| Total DebtLower is stronger | — | $7.7B |
| Stockholders' EquityBook value | $1.1B | $10.4B |
| Total Assets | $2.7B | $19.7B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $211.6M | ||
| Q3 25 | $1.5B | $159.3M | ||
| Q2 25 | $1.5B | $226.6M | ||
| Q1 25 | $1.5B | $131.3M | ||
| Q4 24 | $1.6B | $688.6M | ||
| Q3 24 | $1.8B | $789.0M | ||
| Q2 24 | $1.6B | $126.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $7.7B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | $8.0B | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $10.4B | ||
| Q3 25 | $995.0M | $10.5B | ||
| Q2 25 | $880.6M | $10.5B | ||
| Q1 25 | $810.7M | $10.6B | ||
| Q4 24 | $833.0M | $10.7B | ||
| Q3 24 | $931.4M | $10.5B | ||
| Q2 24 | $884.5M | $10.6B |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $19.7B | ||
| Q3 25 | $3.3B | $19.9B | ||
| Q2 25 | $3.2B | $19.8B | ||
| Q1 25 | $3.1B | $19.7B | ||
| Q4 24 | $3.2B | $20.3B | ||
| Q3 24 | $3.3B | $20.1B | ||
| Q2 24 | $3.2B | $19.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 0.74× | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.37× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 1.56× | 0.75× | ||
| 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 | $258.4M |
| Free Cash FlowOCF − Capex | $83.0M | — |
| FCF MarginFCF / Revenue | 29.3% | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | 1.71× |
| TTM Free Cash FlowTrailing 4 quarters | $145.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $258.4M | ||
| Q3 25 | $13.9M | $332.4M | ||
| Q2 25 | $26.6M | $305.4M | ||
| Q1 25 | $48.4M | $223.8M | ||
| Q4 24 | $167.3M | $239.5M | ||
| Q3 24 | $170.1M | $295.9M | ||
| Q2 24 | $127.1M | $294.1M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | — | ||
| Q3 25 | $5.9M | — | ||
| Q2 25 | $18.4M | — | ||
| Q1 25 | $33.8M | $205.4M | ||
| Q4 24 | $159.2M | — | ||
| Q3 24 | $161.6M | — | ||
| Q2 24 | $117.4M | — |
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 9.5% | 38.3% | ||
| Q4 24 | 41.6% | — | ||
| Q3 24 | 42.4% | — | ||
| Q2 24 | 38.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 0.0% | ||
| Q3 25 | 2.0% | 0.0% | ||
| Q2 25 | 2.3% | 0.0% | ||
| Q1 25 | 4.1% | 3.4% | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 3.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 1.71× | ||
| Q3 25 | 0.21× | 2.41× | ||
| Q2 25 | 0.72× | 1.87× | ||
| Q1 25 | 1.63× | 1.69× | ||
| Q4 24 | 2.69× | 1.44× | ||
| Q3 24 | 3.72× | 2.18× | ||
| Q2 24 | 11.73× | 2.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
