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Side-by-side financial comparison of Enphase Energy (ENPH) and STONERIDGE INC (SRI). Click either name above to swap in a different company.
Enphase Energy is the larger business by last-quarter revenue ($282.9M vs $205.2M, roughly 1.4× STONERIDGE INC). On growth, STONERIDGE INC posted the faster year-over-year revenue change (-6.0% vs -20.6%). Enphase Energy produced more free cash flow last quarter ($83.0M vs $2.6M). Over the past eight quarters, Enphase Energy's revenue compounded faster (-3.4% CAGR vs -7.4%).
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.
Stoneridge Inc is a global designer and manufacturer of advanced electrical and electronic components, integrated systems, and sensor solutions. It serves automotive, commercial vehicle, off-highway, and aerospace sectors, delivering products that boost vehicle safety, efficiency, connectivity, and environmental performance across key global markets.
ENPH vs SRI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $205.2M |
| Net Profit | $-7.4M | — |
| Gross Margin | 35.5% | 16.2% |
| Operating Margin | — | -14.4% |
| Net Margin | -2.6% | — |
| Revenue YoY | -20.6% | -6.0% |
| Net Profit YoY | -124.9% | — |
| EPS (diluted) | $-0.06 | $-2.76 |
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 | $205.2M | ||
| Q3 25 | $410.4M | $210.3M | ||
| Q2 25 | $363.2M | $228.0M | ||
| Q1 25 | $356.1M | $217.9M | ||
| Q4 24 | $382.7M | $218.2M | ||
| Q3 24 | $380.9M | $213.8M | ||
| Q2 24 | $303.5M | $237.1M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | — | ||
| Q3 25 | $66.6M | $-9.4M | ||
| Q2 25 | $37.1M | $-9.4M | ||
| Q1 25 | $29.7M | $-7.2M | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $45.8M | $-7.1M | ||
| Q2 24 | $10.8M | $2.8M |
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 16.2% | ||
| Q3 25 | 47.8% | 20.3% | ||
| Q2 25 | 46.9% | 21.5% | ||
| Q1 25 | 47.2% | 21.2% | ||
| Q4 24 | 51.8% | 19.5% | ||
| Q3 24 | 46.8% | 20.8% | ||
| Q2 24 | 45.2% | 22.7% |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | -14.4% | ||
| Q3 25 | 16.1% | -1.6% | ||
| Q2 25 | 10.2% | -1.1% | ||
| Q1 25 | 9.0% | -1.5% | ||
| Q4 24 | 14.3% | -2.0% | ||
| Q3 24 | 13.1% | 0.1% | ||
| Q2 24 | 0.6% | 1.4% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 16.2% | -4.5% | ||
| Q2 25 | 10.2% | -4.1% | ||
| Q1 25 | 8.3% | -3.3% | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 12.0% | -3.3% | ||
| Q2 24 | 3.6% | 1.2% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $-2.76 | ||
| Q3 25 | $0.50 | $-0.34 | ||
| Q2 25 | $0.28 | $-0.34 | ||
| Q1 25 | $0.22 | $-0.26 | ||
| Q4 24 | $0.46 | $-0.22 | ||
| Q3 24 | $0.33 | $-0.26 | ||
| Q2 24 | $0.08 | $0.10 |
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 | $66.3M |
| Total DebtLower is stronger | — | $180.9M |
| Stockholders' EquityBook value | $1.1B | $179.8M |
| Total Assets | $2.7B | $551.2M |
| Debt / EquityLower = less leverage | — | 1.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $66.3M | ||
| Q3 25 | $1.5B | $54.0M | ||
| Q2 25 | $1.5B | $49.8M | ||
| Q1 25 | $1.5B | $79.1M | ||
| Q4 24 | $1.6B | $71.8M | ||
| Q3 24 | $1.8B | $54.1M | ||
| Q2 24 | $1.6B | $42.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $180.9M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | $201.6M | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $179.8M | ||
| Q3 25 | $995.0M | $251.2M | ||
| Q2 25 | $880.6M | $260.5M | ||
| Q1 25 | $810.7M | $253.1M | ||
| Q4 24 | $833.0M | $245.3M | ||
| Q3 24 | $931.4M | $271.4M | ||
| Q2 24 | $884.5M | $270.5M |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $551.2M | ||
| Q3 25 | $3.3B | $632.1M | ||
| Q2 25 | $3.2B | $639.4M | ||
| Q1 25 | $3.1B | $657.4M | ||
| Q4 24 | $3.2B | $621.6M | ||
| Q3 24 | $3.3B | $662.5M | ||
| Q2 24 | $3.2B | $666.7M |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 1.01× | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.37× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 1.56× | 0.82× | ||
| 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 | $8.8M |
| Free Cash FlowOCF − Capex | $83.0M | $2.6M |
| FCF MarginFCF / Revenue | 29.3% | 1.3% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $145.1M | $12.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $8.8M | ||
| Q3 25 | $13.9M | $3.6M | ||
| Q2 25 | $26.6M | $10.7M | ||
| Q1 25 | $48.4M | $10.9M | ||
| Q4 24 | $167.3M | $19.2M | ||
| Q3 24 | $170.1M | $10.8M | ||
| Q2 24 | $127.1M | $8.7M |
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $2.6M | ||
| Q3 25 | $5.9M | $-2.7M | ||
| Q2 25 | $18.4M | $7.4M | ||
| Q1 25 | $33.8M | $4.8M | ||
| Q4 24 | $159.2M | $14.0M | ||
| Q3 24 | $161.6M | $4.6M | ||
| Q2 24 | $117.4M | $1.5M |
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 1.3% | ||
| Q3 25 | 1.4% | -1.3% | ||
| Q2 25 | 5.1% | 3.3% | ||
| Q1 25 | 9.5% | 2.2% | ||
| Q4 24 | 41.6% | 6.4% | ||
| Q3 24 | 42.4% | 2.2% | ||
| Q2 24 | 38.7% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 3.0% | ||
| Q3 25 | 2.0% | 3.0% | ||
| Q2 25 | 2.3% | 1.4% | ||
| Q1 25 | 4.1% | 2.8% | ||
| Q4 24 | 2.1% | 2.4% | ||
| Q3 24 | 2.2% | 2.9% | ||
| Q2 24 | 3.2% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 0.21× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 3.72× | — | ||
| Q2 24 | 11.73× | 3.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENPH
Segment breakdown not available.
SRI
| Control Devices | $51.7M | 25% |
| Electronics | $38.0M | 19% |
| EE | $34.2M | 17% |
| SE | $28.6M | 14% |
| NL | $24.5M | 12% |
| Stoneridge Brazil | $14.1M | 7% |
| Asia Pacific | $13.1M | 6% |
