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Side-by-side financial comparison of Enphase Energy (ENPH) and OPKO HEALTH, INC. (OPK). Click either name above to swap in a different company.
Enphase Energy is the larger business by last-quarter revenue ($282.9M vs $148.5M, roughly 1.9× OPKO HEALTH, INC.). Enphase Energy runs the higher net margin — -2.6% vs -21.1%, a 18.4% gap on every dollar of revenue. On growth, OPKO HEALTH, INC. posted the faster year-over-year revenue change (-19.2% vs -20.6%). Over the past eight quarters, Enphase Energy's revenue compounded faster (-3.4% CAGR vs -7.5%).
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.
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
ENPH vs OPK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $148.5M |
| Net Profit | $-7.4M | $-31.3M |
| Gross Margin | 35.5% | 43.1% |
| Operating Margin | 54.0% | -25.8% |
| Net Margin | -2.6% | -21.1% |
| Revenue YoY | -20.6% | -19.2% |
| Net Profit YoY | -124.9% | -322.8% |
| EPS (diluted) | $-0.06 | $-0.04 |
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 | $148.5M | ||
| Q3 25 | $410.4M | $151.7M | ||
| Q2 25 | $363.2M | $156.8M | ||
| Q1 25 | $356.1M | $150.0M | ||
| Q4 24 | $382.7M | $183.6M | ||
| Q3 24 | $380.9M | $173.6M | ||
| Q2 24 | $303.5M | $182.2M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $-31.3M | ||
| Q3 25 | $66.6M | $21.6M | ||
| Q2 25 | $37.1M | $-148.4M | ||
| Q1 25 | $29.7M | $-67.6M | ||
| Q4 24 | $62.2M | $14.0M | ||
| Q3 24 | $45.8M | $24.9M | ||
| Q2 24 | $10.8M | $-10.3M |
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 43.1% | ||
| Q3 25 | 47.8% | 32.9% | ||
| Q2 25 | 46.9% | 31.5% | ||
| Q1 25 | 47.2% | 28.4% | ||
| Q4 24 | 51.8% | 46.1% | ||
| Q3 24 | 46.8% | 23.1% | ||
| Q2 24 | 45.2% | 28.4% |
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | -25.8% | ||
| Q3 25 | 16.1% | 31.7% | ||
| Q2 25 | 10.2% | -38.3% | ||
| Q1 25 | 9.0% | -44.8% | ||
| Q4 24 | 14.3% | -18.0% | ||
| Q3 24 | 13.1% | 8.2% | ||
| Q2 24 | 0.6% | -33.9% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | -21.1% | ||
| Q3 25 | 16.2% | 14.3% | ||
| Q2 25 | 10.2% | -94.7% | ||
| Q1 25 | 8.3% | -45.1% | ||
| Q4 24 | 16.2% | 7.6% | ||
| Q3 24 | 12.0% | 14.3% | ||
| Q2 24 | 3.6% | -5.7% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $-0.04 | ||
| Q3 25 | $0.50 | $0.03 | ||
| Q2 25 | $0.28 | $-0.19 | ||
| Q1 25 | $0.22 | $-0.10 | ||
| Q4 24 | $0.46 | $0.02 | ||
| Q3 24 | $0.33 | $0.03 | ||
| Q2 24 | $0.08 | $-0.01 |
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 | $364.4M |
| Total DebtLower is stronger | — | $344.0M |
| Stockholders' EquityBook value | $1.1B | $1.3B |
| Total Assets | $2.7B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $364.4M | ||
| Q3 25 | $1.5B | $412.0M | ||
| Q2 25 | $1.5B | $267.3M | ||
| Q1 25 | $1.5B | $428.8M | ||
| Q4 24 | $1.6B | $426.6M | ||
| Q3 24 | $1.8B | $400.1M | ||
| Q2 24 | $1.6B | $40.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $344.0M | ||
| Q3 25 | $1.2B | $344.2M | ||
| Q2 25 | $1.2B | $343.3M | ||
| Q1 25 | $1.2B | $439.2M | ||
| Q4 24 | $1.3B | $437.2M | ||
| Q3 24 | $1.3B | $441.0M | ||
| Q2 24 | $1.3B | $201.9M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $995.0M | $1.3B | ||
| Q2 25 | $880.6M | $1.3B | ||
| Q1 25 | $810.7M | $1.3B | ||
| Q4 24 | $833.0M | $1.4B | ||
| Q3 24 | $931.4M | $1.4B | ||
| Q2 24 | $884.5M | $1.4B |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $1.9B | ||
| Q3 25 | $3.3B | $2.0B | ||
| Q2 25 | $3.2B | $2.0B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $3.2B | $2.2B | ||
| Q3 24 | $3.3B | $2.3B | ||
| Q2 24 | $3.2B | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 0.27× | ||
| Q3 25 | 1.21× | 0.26× | ||
| Q2 25 | 1.37× | 0.26× | ||
| Q1 25 | 1.48× | 0.33× | ||
| Q4 24 | 1.56× | 0.32× | ||
| Q3 24 | 1.40× | 0.31× | ||
| Q2 24 | 1.47× | 0.14× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | — | $-28.6M |
| FCF MarginFCF / Revenue | — | -19.3% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-190.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $-25.9M | ||
| Q3 25 | $13.9M | $-34.6M | ||
| Q2 25 | $26.6M | $-83.4M | ||
| Q1 25 | $48.4M | $-34.6M | ||
| Q4 24 | $167.3M | $-44.4M | ||
| Q3 24 | $170.1M | $-77.1M | ||
| Q2 24 | $127.1M | $-26.4M |
| Q1 26 | — | — | ||
| Q4 25 | $37.8M | $-28.6M | ||
| Q3 25 | $5.9M | $-37.8M | ||
| Q2 25 | $18.4M | $-86.7M | ||
| Q1 25 | $33.8M | $-37.7M | ||
| Q4 24 | $159.2M | $-49.8M | ||
| Q3 24 | $161.6M | $-85.0M | ||
| Q2 24 | $117.4M | $-33.7M |
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | -19.3% | ||
| Q3 25 | 1.4% | -24.9% | ||
| Q2 25 | 5.1% | -55.3% | ||
| Q1 25 | 9.5% | -25.2% | ||
| Q4 24 | 41.6% | -27.1% | ||
| Q3 24 | 42.4% | -49.0% | ||
| Q2 24 | 38.7% | -18.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 1.8% | ||
| Q3 25 | 2.0% | 2.1% | ||
| Q2 25 | 2.3% | 2.1% | ||
| Q1 25 | 4.1% | 2.1% | ||
| Q4 24 | 2.1% | 2.9% | ||
| Q3 24 | 2.2% | 4.6% | ||
| Q2 24 | 3.2% | 4.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 0.21× | -1.60× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 2.69× | -3.17× | ||
| Q3 24 | 3.72× | -3.10× | ||
| Q2 24 | 11.73× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENPH
Segment breakdown not available.
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
