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Side-by-side financial comparison of Enphase Energy (ENPH) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
Enphase Energy is the larger business by last-quarter revenue ($282.9M vs $207.0M, roughly 1.4× ONE Group Hospitality, Inc.). Enphase Energy runs the higher net margin — -2.6% vs -3.1%, a 0.5% gap on every dollar of revenue. On growth, ONE Group Hospitality, Inc. posted the faster year-over-year revenue change (-6.7% vs -20.6%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
ENPH vs STKS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $207.0M |
| Net Profit | $-7.4M | $-6.4M |
| Gross Margin | 35.5% | — |
| Operating Margin | 54.0% | 2.2% |
| Net Margin | -2.6% | -3.1% |
| Revenue YoY | -20.6% | -6.7% |
| Net Profit YoY | -124.9% | -531.8% |
| EPS (diluted) | $-0.06 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $410.4M | $180.2M | ||
| Q2 25 | $363.2M | $207.4M | ||
| Q1 25 | $356.1M | $211.1M | ||
| Q4 24 | $382.7M | $221.9M | ||
| Q3 24 | $380.9M | $194.0M | ||
| Q2 24 | $303.5M | $172.5M |
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $-6.4M | ||
| Q3 25 | $66.6M | $-76.7M | ||
| Q2 25 | $37.1M | $-10.1M | ||
| Q1 25 | $29.7M | $975.0K | ||
| Q4 24 | $62.2M | $1.5M | ||
| Q3 24 | $45.8M | $-9.3M | ||
| Q2 24 | $10.8M | $-7.3M |
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | — | ||
| Q3 25 | 47.8% | — | ||
| Q2 25 | 46.9% | — | ||
| Q1 25 | 47.2% | — | ||
| Q4 24 | 51.8% | — | ||
| Q3 24 | 46.8% | — | ||
| Q2 24 | 45.2% | — |
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | 2.2% | ||
| Q3 25 | 16.1% | -4.4% | ||
| Q2 25 | 10.2% | 0.3% | ||
| Q1 25 | 9.0% | 5.1% | ||
| Q4 24 | 14.3% | 5.5% | ||
| Q3 24 | 13.1% | -1.9% | ||
| Q2 24 | 0.6% | 0.6% |
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | -3.1% | ||
| Q3 25 | 16.2% | -42.6% | ||
| Q2 25 | 10.2% | -4.9% | ||
| Q1 25 | 8.3% | 0.5% | ||
| Q4 24 | 16.2% | 0.7% | ||
| Q3 24 | 12.0% | -4.8% | ||
| Q2 24 | 3.6% | -4.3% |
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $-0.50 | ||
| Q3 25 | $0.50 | $-2.75 | ||
| Q2 25 | $0.28 | $-0.59 | ||
| Q1 25 | $0.22 | $-0.21 | ||
| Q4 24 | $0.46 | $-0.18 | ||
| Q3 24 | $0.33 | $-0.53 | ||
| Q2 24 | $0.08 | $-0.38 |
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 | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $1.1B | $-75.8M |
| Total Assets | $2.7B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $4.2M | ||
| Q3 25 | $1.5B | $5.5M | ||
| Q2 25 | $1.5B | $4.7M | ||
| Q1 25 | $1.5B | $21.4M | ||
| Q4 24 | $1.6B | $27.6M | ||
| Q3 24 | $1.8B | $28.2M | ||
| Q2 24 | $1.6B | $32.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $354.2M | ||
| Q3 25 | $1.2B | $355.0M | ||
| Q2 25 | $1.2B | $347.4M | ||
| Q1 25 | $1.2B | $348.3M | ||
| Q4 24 | $1.3B | $348.3M | ||
| Q3 24 | $1.3B | $349.1M | ||
| Q2 24 | $1.3B | $350.0M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $-75.8M | ||
| Q3 25 | $995.0M | $-61.5M | ||
| Q2 25 | $880.6M | $23.0M | ||
| Q1 25 | $810.7M | $40.5M | ||
| Q4 24 | $833.0M | $45.9M | ||
| Q3 24 | $931.4M | $51.4M | ||
| Q2 24 | $884.5M | $68.1M |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $884.2M | ||
| Q3 25 | $3.3B | $879.5M | ||
| Q2 25 | $3.2B | $935.7M | ||
| Q1 25 | $3.1B | $956.0M | ||
| Q4 24 | $3.2B | $960.1M | ||
| Q3 24 | $3.3B | $953.5M | ||
| Q2 24 | $3.2B | $945.9M |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.37× | 15.07× | ||
| Q1 25 | 1.48× | 8.61× | ||
| Q4 24 | 1.56× | 7.59× | ||
| Q3 24 | 1.40× | 6.79× | ||
| Q2 24 | 1.47× | 5.14× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $13.1M | ||
| Q3 25 | $13.9M | $5.9M | ||
| Q2 25 | $26.6M | $2.8M | ||
| Q1 25 | $48.4M | $8.5M | ||
| Q4 24 | $167.3M | $18.5M | ||
| Q3 24 | $170.1M | $19.1M | ||
| Q2 24 | $127.1M | $-3.8M |
| Q1 26 | — | — | ||
| Q4 25 | $37.8M | $-329.0K | ||
| Q3 25 | $5.9M | $-6.1M | ||
| Q2 25 | $18.4M | $-15.0M | ||
| Q1 25 | $33.8M | $-5.8M | ||
| Q4 24 | $159.2M | $733.0K | ||
| Q3 24 | $161.6M | $287.0K | ||
| Q2 24 | $117.4M | $-23.0M |
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | -0.2% | ||
| Q3 25 | 1.4% | -3.4% | ||
| Q2 25 | 5.1% | -7.2% | ||
| Q1 25 | 9.5% | -2.7% | ||
| Q4 24 | 41.6% | 0.3% | ||
| Q3 24 | 42.4% | 0.1% | ||
| Q2 24 | 38.7% | -13.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 6.5% | ||
| Q3 25 | 2.0% | 6.7% | ||
| Q2 25 | 2.3% | 8.6% | ||
| Q1 25 | 4.1% | 6.8% | ||
| Q4 24 | 2.1% | 8.0% | ||
| Q3 24 | 2.2% | 9.7% | ||
| Q2 24 | 3.2% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 0.21× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.63× | 8.76× | ||
| Q4 24 | 2.69× | 12.54× | ||
| Q3 24 | 3.72× | — | ||
| 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.
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
