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Side-by-side financial comparison of Enphase Energy (ENPH) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.
Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $282.9M, roughly 1.1× Enphase Energy). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs -2.6%, a 30.8% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -20.6%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $83.0M). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% 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.
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
ENPH vs LOPE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $308.1M |
| Net Profit | $-7.4M | $86.7M |
| Gross Margin | 35.5% | — |
| Operating Margin | 54.0% | 35.1% |
| Net Margin | -2.6% | 28.1% |
| Revenue YoY | -20.6% | 5.3% |
| Net Profit YoY | -124.9% | 5.9% |
| EPS (diluted) | $-0.06 | $3.13 |
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.
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $308.1M | ||
| Q3 25 | $410.4M | $261.1M | ||
| Q2 25 | $363.2M | $247.5M | ||
| Q1 25 | $356.1M | $289.3M | ||
| Q4 24 | $382.7M | $292.6M | ||
| Q3 24 | $380.9M | $238.3M | ||
| Q2 24 | $303.5M | $227.5M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $86.7M | ||
| Q3 25 | $66.6M | $16.3M | ||
| Q2 25 | $37.1M | $41.5M | ||
| Q1 25 | $29.7M | $71.6M | ||
| Q4 24 | $62.2M | $81.9M | ||
| Q3 24 | $45.8M | $41.5M | ||
| Q2 24 | $10.8M | $34.9M |
| 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% | 35.1% | ||
| Q3 25 | 16.1% | 6.9% | ||
| Q2 25 | 10.2% | 20.9% | ||
| Q1 25 | 9.0% | 30.4% | ||
| Q4 24 | 14.3% | 34.2% | ||
| Q3 24 | 13.1% | 20.2% | ||
| Q2 24 | 0.6% | 18.8% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 28.1% | ||
| Q3 25 | 16.2% | 6.2% | ||
| Q2 25 | 10.2% | 16.8% | ||
| Q1 25 | 8.3% | 24.8% | ||
| Q4 24 | 16.2% | 28.0% | ||
| Q3 24 | 12.0% | 17.4% | ||
| Q2 24 | 3.6% | 15.3% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $3.13 | ||
| Q3 25 | $0.50 | $0.58 | ||
| Q2 25 | $0.28 | $1.48 | ||
| Q1 25 | $0.22 | $2.52 | ||
| Q4 24 | $0.46 | $2.83 | ||
| Q3 24 | $0.33 | $1.42 | ||
| Q2 24 | $0.08 | $1.19 |
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 | $111.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $746.9M |
| Total Assets | $2.7B | $992.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $111.8M | ||
| Q3 25 | $1.5B | $97.3M | ||
| Q2 25 | $1.5B | $192.3M | ||
| Q1 25 | $1.5B | $144.5M | ||
| Q4 24 | $1.6B | $324.6M | ||
| Q3 24 | $1.8B | $263.6M | ||
| Q2 24 | $1.6B | $241.3M |
| 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 | $746.9M | ||
| Q3 25 | $995.0M | $758.0M | ||
| Q2 25 | $880.6M | $778.0M | ||
| Q1 25 | $810.7M | $780.7M | ||
| Q4 24 | $833.0M | $783.9M | ||
| Q3 24 | $931.4M | $764.1M | ||
| Q2 24 | $884.5M | $759.2M |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $992.3M | ||
| Q3 25 | $3.3B | $1.0B | ||
| Q2 25 | $3.2B | $1.0B | ||
| Q1 25 | $3.1B | $1.0B | ||
| Q4 24 | $3.2B | $1.0B | ||
| Q3 24 | $3.3B | $992.9M | ||
| Q2 24 | $3.2B | $992.7M |
| 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 | $130.5M |
| Free Cash FlowOCF − Capex | $83.0M | $122.9M |
| FCF MarginFCF / Revenue | 29.3% | 39.9% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | — | 1.50× |
| TTM Free Cash FlowTrailing 4 quarters | $145.1M | $238.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $130.5M | ||
| Q3 25 | $13.9M | $-48.6M | ||
| Q2 25 | $26.6M | $124.0M | ||
| Q1 25 | $48.4M | $67.6M | ||
| Q4 24 | $167.3M | $135.8M | ||
| Q3 24 | $170.1M | $-29.4M | ||
| Q2 24 | $127.1M | $98.6M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $122.9M | ||
| Q3 25 | $5.9M | $-58.3M | ||
| Q2 25 | $18.4M | $115.4M | ||
| Q1 25 | $33.8M | $58.7M | ||
| Q4 24 | $159.2M | $126.1M | ||
| Q3 24 | $161.6M | $-39.0M | ||
| Q2 24 | $117.4M | $89.6M |
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 39.9% | ||
| Q3 25 | 1.4% | -22.3% | ||
| Q2 25 | 5.1% | 46.6% | ||
| Q1 25 | 9.5% | 20.3% | ||
| Q4 24 | 41.6% | 43.1% | ||
| Q3 24 | 42.4% | -16.3% | ||
| Q2 24 | 38.7% | 39.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 2.5% | ||
| Q3 25 | 2.0% | 3.7% | ||
| Q2 25 | 2.3% | 3.5% | ||
| Q1 25 | 4.1% | 3.1% | ||
| Q4 24 | 2.1% | 3.3% | ||
| Q3 24 | 2.2% | 4.0% | ||
| Q2 24 | 3.2% | 3.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 1.50× | ||
| Q3 25 | 0.21× | -2.99× | ||
| Q2 25 | 0.72× | 2.98× | ||
| Q1 25 | 1.63× | 0.94× | ||
| Q4 24 | 2.69× | 1.66× | ||
| Q3 24 | 3.72× | -0.71× | ||
| Q2 24 | 11.73× | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
