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Side-by-side financial comparison of Enphase Energy (ENPH) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $282.9M, roughly 1.2× Enphase Energy). Enphase Energy runs the higher net margin — -2.6% vs -18.0%, a 15.3% gap on every dollar of revenue. On growth, Enphase Energy posted the faster year-over-year revenue change (-20.6% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $83.0M). Over the past eight quarters, Enphase Energy's revenue compounded faster (-3.4% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
ENPH vs WH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $334.0M |
| Net Profit | $-7.4M | $-60.0M |
| Gross Margin | 35.5% | — |
| Operating Margin | 54.0% | — |
| Net Margin | -2.6% | -18.0% |
| Revenue YoY | -20.6% | -76.3% |
| Net Profit YoY | -124.9% | -170.6% |
| EPS (diluted) | $-0.06 | $-0.80 |
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 | $334.0M | ||
| Q4 25 | $343.3M | $334.0M | ||
| Q3 25 | $410.4M | $382.0M | ||
| Q2 25 | $363.2M | $397.0M | ||
| Q1 25 | $356.1M | $316.0M | ||
| Q4 24 | $382.7M | $336.0M | ||
| Q3 24 | $380.9M | $396.0M | ||
| Q2 24 | $303.5M | $367.0M |
| Q1 26 | $-7.4M | $-60.0M | ||
| Q4 25 | $38.7M | $-60.0M | ||
| Q3 25 | $66.6M | $105.0M | ||
| Q2 25 | $37.1M | $87.0M | ||
| Q1 25 | $29.7M | $61.0M | ||
| Q4 24 | $62.2M | $85.0M | ||
| Q3 24 | $45.8M | $102.0M | ||
| Q2 24 | $10.8M | $86.0M |
| 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% | -11.4% | ||
| Q3 25 | 16.1% | 46.6% | ||
| Q2 25 | 10.2% | 37.8% | ||
| Q1 25 | 9.0% | 35.4% | ||
| Q4 24 | 14.3% | 38.4% | ||
| Q3 24 | 13.1% | 43.2% | ||
| Q2 24 | 0.6% | 39.5% |
| Q1 26 | -2.6% | -18.0% | ||
| Q4 25 | 11.3% | -18.0% | ||
| Q3 25 | 16.2% | 27.5% | ||
| Q2 25 | 10.2% | 21.9% | ||
| Q1 25 | 8.3% | 19.3% | ||
| Q4 24 | 16.2% | 25.3% | ||
| Q3 24 | 12.0% | 25.8% | ||
| Q2 24 | 3.6% | 23.4% |
| Q1 26 | $-0.06 | $-0.80 | ||
| Q4 25 | $0.29 | $-0.77 | ||
| Q3 25 | $0.50 | $1.36 | ||
| Q2 25 | $0.28 | $1.13 | ||
| Q1 25 | $0.22 | $0.78 | ||
| Q4 24 | $0.46 | $1.06 | ||
| Q3 24 | $0.33 | $1.29 | ||
| Q2 24 | $0.08 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $468.0M |
| Total Assets | $2.7B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | $64.0M | ||
| Q4 25 | $1.5B | $64.0M | ||
| Q3 25 | $1.5B | $70.0M | ||
| Q2 25 | $1.5B | $50.0M | ||
| Q1 25 | $1.5B | $48.0M | ||
| Q4 24 | $1.6B | $103.0M | ||
| Q3 24 | $1.8B | $72.0M | ||
| Q2 24 | $1.6B | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.2B | $2.5B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.3B | $2.4B |
| Q1 26 | $1.1B | $468.0M | ||
| Q4 25 | $1.1B | $468.0M | ||
| Q3 25 | $995.0M | $583.0M | ||
| Q2 25 | $880.6M | $570.0M | ||
| Q1 25 | $810.7M | $579.0M | ||
| Q4 24 | $833.0M | $650.0M | ||
| Q3 24 | $931.4M | $583.0M | ||
| Q2 24 | $884.5M | $623.0M |
| Q1 26 | $2.7B | $4.2B | ||
| Q4 25 | $3.5B | $4.2B | ||
| Q3 25 | $3.3B | $4.3B | ||
| Q2 25 | $3.2B | $4.3B | ||
| Q1 25 | $3.1B | $4.2B | ||
| Q4 24 | $3.2B | $4.2B | ||
| Q3 24 | $3.3B | $4.2B | ||
| Q2 24 | $3.2B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 5.37× | ||
| Q3 25 | 1.21× | 4.43× | ||
| Q2 25 | 1.37× | 4.44× | ||
| Q1 25 | 1.48× | 4.29× | ||
| Q4 24 | 1.56× | 3.72× | ||
| Q3 24 | 1.40× | 4.19× | ||
| Q2 24 | 1.47× | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $83.0M | $168.0M |
| FCF MarginFCF / Revenue | 29.3% | 50.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $145.1M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | $367.0M | ||
| Q4 25 | $47.6M | $152.0M | ||
| Q3 25 | $13.9M | $86.0M | ||
| Q2 25 | $26.6M | $70.0M | ||
| Q1 25 | $48.4M | $59.0M | ||
| Q4 24 | $167.3M | $134.0M | ||
| Q3 24 | $170.1M | $79.0M | ||
| Q2 24 | $127.1M | $1.0M |
| Q1 26 | $83.0M | $168.0M | ||
| Q4 25 | $37.8M | $136.0M | ||
| Q3 25 | $5.9M | $75.0M | ||
| Q2 25 | $18.4M | $58.0M | ||
| Q1 25 | $33.8M | $52.0M | ||
| Q4 24 | $159.2M | $109.0M | ||
| Q3 24 | $161.6M | $71.0M | ||
| Q2 24 | $117.4M | $-6.0M |
| Q1 26 | 29.3% | 50.3% | ||
| Q4 25 | 11.0% | 40.7% | ||
| Q3 25 | 1.4% | 19.6% | ||
| Q2 25 | 5.1% | 14.6% | ||
| Q1 25 | 9.5% | 16.5% | ||
| Q4 24 | 41.6% | 32.4% | ||
| Q3 24 | 42.4% | 17.9% | ||
| Q2 24 | 38.7% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 4.8% | ||
| Q3 25 | 2.0% | 2.9% | ||
| Q2 25 | 2.3% | 3.0% | ||
| Q1 25 | 4.1% | 2.2% | ||
| Q4 24 | 2.1% | 7.4% | ||
| Q3 24 | 2.2% | 2.0% | ||
| Q2 24 | 3.2% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 0.21× | 0.82× | ||
| Q2 25 | 0.72× | 0.80× | ||
| Q1 25 | 1.63× | 0.97× | ||
| Q4 24 | 2.69× | 1.58× | ||
| Q3 24 | 3.72× | 0.77× | ||
| Q2 24 | 11.73× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENPH
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
