vs

Side-by-side financial comparison of Enphase Energy (ENPH) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.

Westrock Coffee Co is the larger business by last-quarter revenue ($339.5M vs $282.9M, roughly 1.2× Enphase Energy). Enphase Energy runs the higher net margin — -2.6% vs -6.6%, a 4.0% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs -20.6%). Enphase Energy produced more free cash flow last quarter ($83.0M vs $27.8M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% 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.

Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.

ENPH vs WEST — Head-to-Head

Bigger by revenue
WEST
WEST
1.2× larger
WEST
$339.5M
$282.9M
ENPH
Growing faster (revenue YoY)
WEST
WEST
+68.8% gap
WEST
48.3%
-20.6%
ENPH
Higher net margin
ENPH
ENPH
4.0% more per $
ENPH
-2.6%
-6.6%
WEST
More free cash flow
ENPH
ENPH
$55.2M more FCF
ENPH
$83.0M
$27.8M
WEST
Faster 2-yr revenue CAGR
WEST
WEST
Annualised
WEST
32.8%
-3.4%
ENPH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ENPH
ENPH
WEST
WEST
Revenue
$282.9M
$339.5M
Net Profit
$-7.4M
$-22.6M
Gross Margin
35.5%
11.5%
Operating Margin
54.0%
-2.6%
Net Margin
-2.6%
-6.6%
Revenue YoY
-20.6%
48.3%
Net Profit YoY
-124.9%
8.3%
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.

Revenue
ENPH
ENPH
WEST
WEST
Q1 26
$282.9M
Q4 25
$343.3M
$339.5M
Q3 25
$410.4M
$354.8M
Q2 25
$363.2M
$280.9M
Q1 25
$356.1M
$213.8M
Q4 24
$382.7M
$229.0M
Q3 24
$380.9M
$220.9M
Q2 24
$303.5M
$208.4M
Net Profit
ENPH
ENPH
WEST
WEST
Q1 26
$-7.4M
Q4 25
$38.7M
$-22.6M
Q3 25
$66.6M
$-19.1M
Q2 25
$37.1M
$-21.6M
Q1 25
$29.7M
$-27.2M
Q4 24
$62.2M
$-24.6M
Q3 24
$45.8M
$-14.3M
Q2 24
$10.8M
$-17.8M
Gross Margin
ENPH
ENPH
WEST
WEST
Q1 26
35.5%
Q4 25
44.3%
11.5%
Q3 25
47.8%
11.7%
Q2 25
46.9%
14.7%
Q1 25
47.2%
13.6%
Q4 24
51.8%
16.6%
Q3 24
46.8%
16.8%
Q2 24
45.2%
19.9%
Operating Margin
ENPH
ENPH
WEST
WEST
Q1 26
54.0%
Q4 25
6.5%
-2.6%
Q3 25
16.1%
-2.4%
Q2 25
10.2%
-5.3%
Q1 25
9.0%
-6.1%
Q4 24
14.3%
-4.3%
Q3 24
13.1%
-5.8%
Q2 24
0.6%
-7.9%
Net Margin
ENPH
ENPH
WEST
WEST
Q1 26
-2.6%
Q4 25
11.3%
-6.6%
Q3 25
16.2%
-5.4%
Q2 25
10.2%
-7.7%
Q1 25
8.3%
-12.7%
Q4 24
16.2%
-10.7%
Q3 24
12.0%
-6.5%
Q2 24
3.6%
-8.5%
EPS (diluted)
ENPH
ENPH
WEST
WEST
Q1 26
$-0.06
Q4 25
$0.29
$-0.22
Q3 25
$0.50
$-0.20
Q2 25
$0.28
$-0.23
Q1 25
$0.22
$-0.29
Q4 24
$0.46
$-0.26
Q3 24
$0.33
$-0.16
Q2 24
$0.08
$-0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ENPH
ENPH
WEST
WEST
Cash + ST InvestmentsLiquidity on hand
$497.5M
$49.9M
Total DebtLower is stronger
$444.1M
Stockholders' EquityBook value
$1.1B
$-1.9M
Total Assets
$2.7B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENPH
ENPH
WEST
WEST
Q1 26
$497.5M
Q4 25
$1.5B
$49.9M
Q3 25
$1.5B
$34.0M
Q2 25
$1.5B
$44.0M
Q1 25
$1.5B
$33.1M
Q4 24
$1.6B
$26.2M
Q3 24
$1.8B
$22.4M
Q2 24
$1.6B
$24.3M
Total Debt
ENPH
ENPH
WEST
WEST
Q1 26
Q4 25
$1.2B
$444.1M
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.3B
$393.1M
Q3 24
$1.3B
Q2 24
$1.3B
Stockholders' Equity
ENPH
ENPH
WEST
WEST
Q1 26
$1.1B
Q4 25
$1.1B
$-1.9M
Q3 25
$995.0M
$11.4M
Q2 25
$880.6M
$18.2M
Q1 25
$810.7M
$71.4M
Q4 24
$833.0M
$97.5M
Q3 24
$931.4M
$110.3M
Q2 24
$884.5M
$81.5M
Total Assets
ENPH
ENPH
WEST
WEST
Q1 26
$2.7B
Q4 25
$3.5B
$1.2B
Q3 25
$3.3B
$1.2B
Q2 25
$3.2B
$1.2B
Q1 25
$3.1B
$1.1B
Q4 24
$3.2B
$1.1B
Q3 24
$3.3B
$1.1B
Q2 24
$3.2B
$1.1B
Debt / Equity
ENPH
ENPH
WEST
WEST
Q1 26
Q4 25
1.11×
Q3 25
1.21×
Q2 25
1.37×
Q1 25
1.48×
Q4 24
1.56×
4.03×
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
ENPH
ENPH
WEST
WEST
Operating Cash FlowLast quarter
$102.9M
$36.7M
Free Cash FlowOCF − Capex
$83.0M
$27.8M
FCF MarginFCF / Revenue
29.3%
8.2%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$145.1M
$-107.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENPH
ENPH
WEST
WEST
Q1 26
$102.9M
Q4 25
$47.6M
$36.7M
Q3 25
$13.9M
$-26.6M
Q2 25
$26.6M
$-7.0M
Q1 25
$48.4M
$-22.1M
Q4 24
$167.3M
$2.8M
Q3 24
$170.1M
$-332.0K
Q2 24
$127.1M
$-23.7M
Free Cash Flow
ENPH
ENPH
WEST
WEST
Q1 26
$83.0M
Q4 25
$37.8M
$27.8M
Q3 25
$5.9M
$-44.7M
Q2 25
$18.4M
$-27.5M
Q1 25
$33.8M
$-63.4M
Q4 24
$159.2M
$-15.4M
Q3 24
$161.6M
$-36.7M
Q2 24
$117.4M
$-59.9M
FCF Margin
ENPH
ENPH
WEST
WEST
Q1 26
29.3%
Q4 25
11.0%
8.2%
Q3 25
1.4%
-12.6%
Q2 25
5.1%
-9.8%
Q1 25
9.5%
-29.7%
Q4 24
41.6%
-6.7%
Q3 24
42.4%
-16.6%
Q2 24
38.7%
-28.7%
Capex Intensity
ENPH
ENPH
WEST
WEST
Q1 26
Q4 25
2.8%
2.6%
Q3 25
2.0%
5.1%
Q2 25
2.3%
7.3%
Q1 25
4.1%
19.3%
Q4 24
2.1%
7.9%
Q3 24
2.2%
16.5%
Q2 24
3.2%
17.4%
Cash Conversion
ENPH
ENPH
WEST
WEST
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×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ENPH
ENPH

Segment breakdown not available.

WEST
WEST

Coffee And Tea$202.6M60%
Flavors Extracts And Ingredients$69.6M21%
Sustainable Sourcing And Traceability Segments$66.9M20%

Related Comparisons