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Side-by-side financial comparison of Enphase Energy (ENPH) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.
Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $282.9M, roughly 1.5× Enphase Energy). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -2.6%, a 9.5% gap on every dollar of revenue. On growth, Koppers Holdings Inc. posted the faster year-over-year revenue change (-9.3% vs -20.6%). Over the past eight quarters, Enphase Energy's revenue compounded faster (-3.4% CAGR vs -6.7%).
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.
Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.
ENPH vs KOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $432.7M |
| Net Profit | $-7.4M | $29.7M |
| Gross Margin | 35.5% | 25.6% |
| Operating Margin | 54.0% | 11.5% |
| Net Margin | -2.6% | 6.9% |
| Revenue YoY | -20.6% | -9.3% |
| Net Profit YoY | -124.9% | 391.2% |
| EPS (diluted) | $-0.06 | $1.44 |
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 | $432.7M | ||
| Q3 25 | $410.4M | $485.3M | ||
| Q2 25 | $363.2M | $504.8M | ||
| Q1 25 | $356.1M | $456.5M | ||
| Q4 24 | $382.7M | $477.0M | ||
| Q3 24 | $380.9M | $554.3M | ||
| Q2 24 | $303.5M | $563.2M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $29.7M | ||
| Q3 25 | $66.6M | $23.8M | ||
| Q2 25 | $37.1M | $16.4M | ||
| Q1 25 | $29.7M | $-13.9M | ||
| Q4 24 | $62.2M | $-10.2M | ||
| Q3 24 | $45.8M | $22.8M | ||
| Q2 24 | $10.8M | $26.8M |
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 25.6% | ||
| Q3 25 | 47.8% | 24.1% | ||
| Q2 25 | 46.9% | 22.6% | ||
| Q1 25 | 47.2% | 23.2% | ||
| Q4 24 | 51.8% | 17.5% | ||
| Q3 24 | 46.8% | 21.9% | ||
| Q2 24 | 45.2% | 21.6% |
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | 11.5% | ||
| Q3 25 | 16.1% | 10.7% | ||
| Q2 25 | 10.2% | 7.7% | ||
| Q1 25 | 9.0% | 5.9% | ||
| Q4 24 | 14.3% | 1.3% | ||
| Q3 24 | 13.1% | 9.0% | ||
| Q2 24 | 0.6% | 10.2% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 6.9% | ||
| Q3 25 | 16.2% | 4.9% | ||
| Q2 25 | 10.2% | 3.2% | ||
| Q1 25 | 8.3% | -3.0% | ||
| Q4 24 | 16.2% | -2.1% | ||
| Q3 24 | 12.0% | 4.1% | ||
| Q2 24 | 3.6% | 4.8% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $1.44 | ||
| Q3 25 | $0.50 | $1.17 | ||
| Q2 25 | $0.28 | $0.81 | ||
| Q1 25 | $0.22 | $-0.68 | ||
| Q4 24 | $0.46 | $-0.47 | ||
| Q3 24 | $0.33 | $1.09 | ||
| Q2 24 | $0.08 | $1.25 |
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 | — | $928.3M |
| Stockholders' EquityBook value | $1.1B | $574.0M |
| Total Assets | $2.7B | $1.9B |
| Debt / EquityLower = less leverage | — | 1.62× |
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 | $928.3M | ||
| Q3 25 | $1.2B | $932.9M | ||
| Q2 25 | $1.2B | $977.5M | ||
| Q1 25 | $1.2B | $989.0M | ||
| Q4 24 | $1.3B | $939.5M | ||
| Q3 24 | $1.3B | $989.4M | ||
| Q2 24 | $1.3B | $1.0B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $574.0M | ||
| Q3 25 | $995.0M | $545.6M | ||
| Q2 25 | $880.6M | $526.8M | ||
| Q1 25 | $810.7M | $498.0M | ||
| Q4 24 | $833.0M | $488.7M | ||
| Q3 24 | $931.4M | $532.3M | ||
| Q2 24 | $884.5M | $509.2M |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $1.9B | ||
| Q3 25 | $3.3B | $1.9B | ||
| Q2 25 | $3.2B | $1.9B | ||
| Q1 25 | $3.1B | $1.9B | ||
| Q4 24 | $3.2B | $1.9B | ||
| Q3 24 | $3.3B | $2.0B | ||
| Q2 24 | $3.2B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 1.62× | ||
| Q3 25 | 1.21× | 1.71× | ||
| Q2 25 | 1.37× | 1.86× | ||
| Q1 25 | 1.48× | 1.99× | ||
| Q4 24 | 1.56× | 1.92× | ||
| Q3 24 | 1.40× | 1.86× | ||
| Q2 24 | 1.47× | 1.97× |
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 | $45.1M |
| Free Cash FlowOCF − Capex | — | $28.5M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | — | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $45.1M | ||
| Q3 25 | $13.9M | $49.6M | ||
| Q2 25 | $26.6M | $50.5M | ||
| Q1 25 | $48.4M | $-22.7M | ||
| Q4 24 | $167.3M | $74.7M | ||
| Q3 24 | $170.1M | $29.8M | ||
| Q2 24 | $127.1M | $27.2M |
| Q1 26 | — | — | ||
| Q4 25 | $37.8M | $28.5M | ||
| Q3 25 | $5.9M | $37.6M | ||
| Q2 25 | $18.4M | $38.4M | ||
| Q1 25 | $33.8M | $-37.0M | ||
| Q4 24 | $159.2M | $56.1M | ||
| Q3 24 | $161.6M | $14.4M | ||
| Q2 24 | $117.4M | $10.1M |
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 6.6% | ||
| Q3 25 | 1.4% | 7.7% | ||
| Q2 25 | 5.1% | 7.6% | ||
| Q1 25 | 9.5% | -8.1% | ||
| Q4 24 | 41.6% | 11.8% | ||
| Q3 24 | 42.4% | 2.6% | ||
| Q2 24 | 38.7% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 3.8% | ||
| Q3 25 | 2.0% | 2.5% | ||
| Q2 25 | 2.3% | 2.4% | ||
| Q1 25 | 4.1% | 3.1% | ||
| Q4 24 | 2.1% | 3.9% | ||
| Q3 24 | 2.2% | 2.8% | ||
| Q2 24 | 3.2% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 1.52× | ||
| Q3 25 | 0.21× | 2.08× | ||
| Q2 25 | 0.72× | 3.08× | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 3.72× | 1.31× | ||
| Q2 24 | 11.73× | 1.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENPH
Segment breakdown not available.
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
