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Side-by-side financial comparison of Enphase Energy (ENPH) and RBC Bearings INC (RBC). Click either name above to swap in a different company.
RBC Bearings INC is the larger business by last-quarter revenue ($461.6M vs $282.9M, roughly 1.6× Enphase Energy). RBC Bearings INC runs the higher net margin — 14.6% vs -2.6%, a 17.2% gap on every dollar of revenue. On growth, RBC Bearings INC posted the faster year-over-year revenue change (17.0% vs -20.6%). RBC Bearings INC produced more free cash flow last quarter ($99.1M vs $83.0M). Over the past eight quarters, RBC Bearings INC's revenue compounded faster (5.6% 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.
Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...
ENPH vs RBC — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $461.6M |
| Net Profit | $-7.4M | $67.4M |
| Gross Margin | 35.5% | 44.3% |
| Operating Margin | 54.0% | 22.3% |
| Net Margin | -2.6% | 14.6% |
| Revenue YoY | -20.6% | 17.0% |
| Net Profit YoY | -124.9% | 16.4% |
| EPS (diluted) | $-0.06 | $2.13 |
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 | $461.6M | ||
| Q3 25 | $410.4M | $455.3M | ||
| Q2 25 | $363.2M | $436.0M | ||
| Q1 25 | $356.1M | $437.7M | ||
| Q4 24 | $382.7M | $394.4M | ||
| Q3 24 | $380.9M | $397.9M | ||
| Q2 24 | $303.5M | $406.3M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $67.4M | ||
| Q3 25 | $66.6M | $60.0M | ||
| Q2 25 | $37.1M | $68.5M | ||
| Q1 25 | $29.7M | $72.7M | ||
| Q4 24 | $62.2M | $57.9M | ||
| Q3 24 | $45.8M | $54.2M | ||
| Q2 24 | $10.8M | $61.4M |
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 44.3% | ||
| Q3 25 | 47.8% | 44.1% | ||
| Q2 25 | 46.9% | 44.8% | ||
| Q1 25 | 47.2% | 44.2% | ||
| Q4 24 | 51.8% | 44.3% | ||
| Q3 24 | 46.8% | 43.7% | ||
| Q2 24 | 45.2% | 45.3% |
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | 22.3% | ||
| Q3 25 | 16.1% | 21.5% | ||
| Q2 25 | 10.2% | 23.2% | ||
| Q1 25 | 9.0% | 23.0% | ||
| Q4 24 | 14.3% | 21.7% | ||
| Q3 24 | 13.1% | 21.6% | ||
| Q2 24 | 0.6% | 24.0% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 14.6% | ||
| Q3 25 | 16.2% | 13.2% | ||
| Q2 25 | 10.2% | 15.7% | ||
| Q1 25 | 8.3% | 16.6% | ||
| Q4 24 | 16.2% | 14.7% | ||
| Q3 24 | 12.0% | 13.6% | ||
| Q2 24 | 3.6% | 15.1% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $2.13 | ||
| Q3 25 | $0.50 | $1.90 | ||
| Q2 25 | $0.28 | $2.17 | ||
| Q1 25 | $0.22 | $2.33 | ||
| Q4 24 | $0.46 | $1.82 | ||
| Q3 24 | $0.33 | $1.65 | ||
| Q2 24 | $0.08 | $1.90 |
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 | $107.6M |
| Total DebtLower is stronger | — | $990.2M |
| Stockholders' EquityBook value | $1.1B | $3.3B |
| Total Assets | $2.7B | $5.1B |
| Debt / EquityLower = less leverage | — | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $107.6M | ||
| Q3 25 | $1.5B | $91.2M | ||
| Q2 25 | $1.5B | $132.9M | ||
| Q1 25 | $1.5B | $36.8M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.6B | $76.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $990.2M | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $915.6M | ||
| Q1 25 | $1.2B | $920.1M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $3.3B | ||
| Q3 25 | $995.0M | $3.2B | ||
| Q2 25 | $880.6M | $3.1B | ||
| Q1 25 | $810.7M | $3.0B | ||
| Q4 24 | $833.0M | $2.9B | ||
| Q3 24 | $931.4M | $2.9B | ||
| Q2 24 | $884.5M | $2.8B |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $5.1B | ||
| Q3 25 | $3.3B | $5.1B | ||
| Q2 25 | $3.2B | $4.8B | ||
| Q1 25 | $3.1B | $4.7B | ||
| Q4 24 | $3.2B | $4.7B | ||
| Q3 24 | $3.3B | $4.7B | ||
| Q2 24 | $3.2B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 0.30× | ||
| Q3 25 | 1.21× | 0.34× | ||
| Q2 25 | 1.37× | 0.29× | ||
| Q1 25 | 1.48× | 0.30× | ||
| 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 | $122.1M |
| Free Cash FlowOCF − Capex | $83.0M | $99.1M |
| FCF MarginFCF / Revenue | 29.3% | 21.5% |
| Capex IntensityCapex / Revenue | — | 5.0% |
| Cash ConversionOCF / Net Profit | — | 1.81× |
| TTM Free Cash FlowTrailing 4 quarters | $145.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $122.1M | ||
| Q3 25 | $13.9M | $88.4M | ||
| Q2 25 | $26.6M | $120.0M | ||
| Q1 25 | $48.4M | — | ||
| Q4 24 | $167.3M | $84.0M | ||
| Q3 24 | $170.1M | — | ||
| Q2 24 | $127.1M | $97.4M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $99.1M | ||
| Q3 25 | $5.9M | $71.7M | ||
| Q2 25 | $18.4M | $104.3M | ||
| Q1 25 | $33.8M | — | ||
| Q4 24 | $159.2M | $73.6M | ||
| Q3 24 | $161.6M | — | ||
| Q2 24 | $117.4M | $88.4M |
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 21.5% | ||
| Q3 25 | 1.4% | 15.7% | ||
| Q2 25 | 5.1% | 23.9% | ||
| Q1 25 | 9.5% | — | ||
| Q4 24 | 41.6% | 18.7% | ||
| Q3 24 | 42.4% | — | ||
| Q2 24 | 38.7% | 21.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 5.0% | ||
| Q3 25 | 2.0% | 3.7% | ||
| Q2 25 | 2.3% | 3.6% | ||
| Q1 25 | 4.1% | 3.2% | ||
| Q4 24 | 2.1% | 2.6% | ||
| Q3 24 | 2.2% | 4.1% | ||
| Q2 24 | 3.2% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 1.81× | ||
| Q3 25 | 0.21× | 1.47× | ||
| Q2 25 | 0.72× | 1.75× | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 2.69× | 1.45× | ||
| Q3 24 | 3.72× | — | ||
| Q2 24 | 11.73× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENPH
Segment breakdown not available.
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
