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Side-by-side financial comparison of Enphase Energy (ENPH) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.
Enphase Energy is the larger business by last-quarter revenue ($282.9M vs $151.1M, roughly 1.9× STURM RUGER & CO INC). On growth, STURM RUGER & CO INC posted the faster year-over-year revenue change (3.6% vs -20.6%). Enphase Energy produced more free cash flow last quarter ($83.0M vs $12.3M). Over the past eight quarters, STURM RUGER & CO INC's revenue compounded faster (5.1% 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.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
ENPH vs RGR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $151.1M |
| Net Profit | $-7.4M | — |
| Gross Margin | 35.5% | 17.8% |
| Operating Margin | 54.0% | 2.3% |
| Net Margin | -2.6% | — |
| Revenue YoY | -20.6% | 3.6% |
| Net Profit YoY | -124.9% | — |
| EPS (diluted) | $-0.06 | $0.22 |
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 | $151.1M | ||
| Q3 25 | $410.4M | $126.8M | ||
| Q2 25 | $363.2M | $132.5M | ||
| Q1 25 | $356.1M | $135.7M | ||
| Q4 24 | $382.7M | $145.8M | ||
| Q3 24 | $380.9M | $122.3M | ||
| Q2 24 | $303.5M | $130.8M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | — | ||
| Q3 25 | $66.6M | $1.6M | ||
| Q2 25 | $37.1M | $-17.2M | ||
| Q1 25 | $29.7M | $7.8M | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $45.8M | $4.7M | ||
| Q2 24 | $10.8M | $8.3M |
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 17.8% | ||
| Q3 25 | 47.8% | 15.1% | ||
| Q2 25 | 46.9% | 3.9% | ||
| Q1 25 | 47.2% | 22.0% | ||
| Q4 24 | 51.8% | 22.8% | ||
| Q3 24 | 46.8% | 18.5% | ||
| Q2 24 | 45.2% | 22.3% |
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | 2.3% | ||
| Q3 25 | 16.1% | -2.7% | ||
| Q2 25 | 10.2% | -15.6% | ||
| Q1 25 | 9.0% | 6.2% | ||
| Q4 24 | 14.3% | 7.8% | ||
| Q3 24 | 13.1% | 3.1% | ||
| Q2 24 | 0.6% | 6.9% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 16.2% | 1.2% | ||
| Q2 25 | 10.2% | -13.0% | ||
| Q1 25 | 8.3% | 5.7% | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 12.0% | 3.9% | ||
| Q2 24 | 3.6% | 6.3% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $0.22 | ||
| Q3 25 | $0.50 | $0.10 | ||
| Q2 25 | $0.28 | $-1.05 | ||
| Q1 25 | $0.22 | $0.46 | ||
| Q4 24 | $0.46 | $0.62 | ||
| Q3 24 | $0.33 | $0.28 | ||
| Q2 24 | $0.08 | $0.47 |
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 | $92.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $283.8M |
| Total Assets | $2.7B | $342.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $92.5M | ||
| Q3 25 | $1.5B | $80.8M | ||
| Q2 25 | $1.5B | $101.4M | ||
| Q1 25 | $1.5B | $108.3M | ||
| Q4 24 | $1.6B | $105.5M | ||
| Q3 24 | $1.8B | $96.0M | ||
| Q2 24 | $1.6B | $105.6M |
| 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 | $283.8M | ||
| Q3 25 | $995.0M | $279.6M | ||
| Q2 25 | $880.6M | $289.3M | ||
| Q1 25 | $810.7M | $321.5M | ||
| Q4 24 | $833.0M | $319.6M | ||
| Q3 24 | $931.4M | $314.9M | ||
| Q2 24 | $884.5M | $321.5M |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $342.0M | ||
| Q3 25 | $3.3B | $342.3M | ||
| Q2 25 | $3.2B | $349.5M | ||
| Q1 25 | $3.1B | $379.0M | ||
| Q4 24 | $3.2B | $384.0M | ||
| Q3 24 | $3.3B | $373.5M | ||
| Q2 24 | $3.2B | $376.7M |
| 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 | $15.5M |
| Free Cash FlowOCF − Capex | $83.0M | $12.3M |
| FCF MarginFCF / Revenue | 29.3% | 8.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $145.1M | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $15.5M | ||
| Q3 25 | $13.9M | $12.9M | ||
| Q2 25 | $26.6M | $14.7M | ||
| Q1 25 | $48.4M | $11.1M | ||
| Q4 24 | $167.3M | $20.0M | ||
| Q3 24 | $170.1M | $9.4M | ||
| Q2 24 | $127.1M | $18.7M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $12.3M | ||
| Q3 25 | $5.9M | $7.0M | ||
| Q2 25 | $18.4M | $9.1M | ||
| Q1 25 | $33.8M | $10.0M | ||
| Q4 24 | $159.2M | $16.4M | ||
| Q3 24 | $161.6M | $2.6M | ||
| Q2 24 | $117.4M | $10.1M |
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 8.2% | ||
| Q3 25 | 1.4% | 5.5% | ||
| Q2 25 | 5.1% | 6.9% | ||
| Q1 25 | 9.5% | 7.4% | ||
| Q4 24 | 41.6% | 11.2% | ||
| Q3 24 | 42.4% | 2.1% | ||
| Q2 24 | 38.7% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 2.1% | ||
| Q3 25 | 2.0% | 4.6% | ||
| Q2 25 | 2.3% | 4.2% | ||
| Q1 25 | 4.1% | 0.8% | ||
| Q4 24 | 2.1% | 2.5% | ||
| Q3 24 | 2.2% | 5.5% | ||
| Q2 24 | 3.2% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 0.21× | 8.15× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.63× | 1.43× | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 3.72× | 1.98× | ||
| Q2 24 | 11.73× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENPH
Segment breakdown not available.
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
