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Side-by-side financial comparison of Enphase Energy (ENPH) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
Enphase Energy is the larger business by last-quarter revenue ($282.9M vs $186.1M, roughly 1.5× MOVADO GROUP INC). MOVADO GROUP INC runs the higher net margin — 5.1% vs -2.6%, a 7.8% gap on every dollar of revenue. On growth, MOVADO GROUP INC posted the faster year-over-year revenue change (1.9% vs -20.6%). Enphase Energy produced more free cash flow last quarter ($83.0M vs $11.6M). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% 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.
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
ENPH vs MOV — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $186.1M |
| Net Profit | $-7.4M | $9.6M |
| Gross Margin | 35.5% | 54.3% |
| Operating Margin | — | 6.3% |
| Net Margin | -2.6% | 5.1% |
| Revenue YoY | -20.6% | 1.9% |
| Net Profit YoY | -124.9% | 89.8% |
| EPS (diluted) | $-0.06 | $0.42 |
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 | $186.1M | ||
| Q3 25 | $410.4M | $161.8M | ||
| Q2 25 | $363.2M | $131.8M | ||
| Q1 25 | $356.1M | $181.5M | ||
| Q4 24 | $382.7M | $180.5M | ||
| Q3 24 | $380.9M | $157.0M | ||
| Q2 24 | $303.5M | $134.4M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $9.6M | ||
| Q3 25 | $66.6M | $3.0M | ||
| Q2 25 | $37.1M | $1.4M | ||
| Q1 25 | $29.7M | $8.1M | ||
| Q4 24 | $62.2M | $4.8M | ||
| Q3 24 | $45.8M | $3.5M | ||
| Q2 24 | $10.8M | $2.0M |
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 54.3% | ||
| Q3 25 | 47.8% | 54.1% | ||
| Q2 25 | 46.9% | 54.1% | ||
| Q1 25 | 47.2% | 54.2% | ||
| Q4 24 | 51.8% | 53.5% | ||
| Q3 24 | 46.8% | 54.3% | ||
| Q2 24 | 45.2% | 54.3% |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 6.3% | ||
| Q3 25 | 16.1% | 2.5% | ||
| Q2 25 | 10.2% | 0.2% | ||
| Q1 25 | 9.0% | 5.1% | ||
| Q4 24 | 14.3% | 3.3% | ||
| Q3 24 | 13.1% | 1.7% | ||
| Q2 24 | 0.6% | 1.6% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 5.1% | ||
| Q3 25 | 16.2% | 1.8% | ||
| Q2 25 | 10.2% | 1.1% | ||
| Q1 25 | 8.3% | 4.4% | ||
| Q4 24 | 16.2% | 2.7% | ||
| Q3 24 | 12.0% | 2.2% | ||
| Q2 24 | 3.6% | 1.5% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $0.42 | ||
| Q3 25 | $0.50 | $0.13 | ||
| Q2 25 | $0.28 | $0.06 | ||
| Q1 25 | $0.22 | $0.36 | ||
| Q4 24 | $0.46 | $0.21 | ||
| Q3 24 | $0.33 | $0.15 | ||
| Q2 24 | $0.08 | $0.09 |
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 | $183.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $497.5M |
| Total Assets | $2.7B | $751.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $183.9M | ||
| Q3 25 | $1.5B | $180.5M | ||
| Q2 25 | $1.5B | $203.1M | ||
| Q1 25 | $1.5B | $208.5M | ||
| Q4 24 | $1.6B | $181.5M | ||
| Q3 24 | $1.8B | $198.3M | ||
| Q2 24 | $1.6B | $225.4M |
| 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 | $497.5M | ||
| Q3 25 | $995.0M | $489.9M | ||
| Q2 25 | $880.6M | $493.2M | ||
| Q1 25 | $810.7M | $481.3M | ||
| Q4 24 | $833.0M | $491.3M | ||
| Q3 24 | $931.4M | $492.0M | ||
| Q2 24 | $884.5M | $489.6M |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $751.9M | ||
| Q3 25 | $3.3B | $748.7M | ||
| Q2 25 | $3.2B | $747.2M | ||
| Q1 25 | $3.1B | $729.2M | ||
| Q4 24 | $3.2B | $747.2M | ||
| Q3 24 | $3.3B | $742.5M | ||
| Q2 24 | $3.2B | $736.0M |
| 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 | $12.3M |
| Free Cash FlowOCF − Capex | $83.0M | $11.6M |
| FCF MarginFCF / Revenue | 29.3% | 6.2% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $145.1M | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $12.3M | ||
| Q3 25 | $13.9M | $-3.8M | ||
| Q2 25 | $26.6M | $-7.2M | ||
| Q1 25 | $48.4M | $39.1M | ||
| Q4 24 | $167.3M | $-4.7M | ||
| Q3 24 | $170.1M | $-17.8M | ||
| Q2 24 | $127.1M | $-18.1M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $11.6M | ||
| Q3 25 | $5.9M | $-5.1M | ||
| Q2 25 | $18.4M | $-8.7M | ||
| Q1 25 | $33.8M | $37.5M | ||
| Q4 24 | $159.2M | $-7.2M | ||
| Q3 24 | $161.6M | $-20.1M | ||
| Q2 24 | $117.4M | $-19.7M |
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 6.2% | ||
| Q3 25 | 1.4% | -3.1% | ||
| Q2 25 | 5.1% | -6.6% | ||
| Q1 25 | 9.5% | 20.7% | ||
| Q4 24 | 41.6% | -4.0% | ||
| Q3 24 | 42.4% | -12.8% | ||
| Q2 24 | 38.7% | -14.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 0.4% | ||
| Q3 25 | 2.0% | 0.8% | ||
| Q2 25 | 2.3% | 1.2% | ||
| Q1 25 | 4.1% | 0.9% | ||
| Q4 24 | 2.1% | 1.4% | ||
| Q3 24 | 2.2% | 1.5% | ||
| Q2 24 | 3.2% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 1.28× | ||
| Q3 25 | 0.21× | -1.27× | ||
| Q2 25 | 0.72× | -5.08× | ||
| Q1 25 | 1.63× | 4.86× | ||
| Q4 24 | 2.69× | -0.98× | ||
| Q3 24 | 3.72× | -5.14× | ||
| Q2 24 | 11.73× | -8.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENPH
Segment breakdown not available.
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
