vs
Enphase Energy（ENPH）与QUAKER CHEMICAL CORP（KWR）财务数据对比。点击上方公司名可切换其他公司
QUAKER CHEMICAL CORP的季度营收约是Enphase Energy的1.7倍（$468.5M vs $282.9M），QUAKER CHEMICAL CORP净利率更高（4.4% vs -2.6%，领先7.0%），QUAKER CHEMICAL CORP同比增速更快（5.5% vs -20.6%），Enphase Energy自由现金流更多（$83.0M vs $24.3M），过去两年QUAKER CHEMICAL CORP的营收复合增速更高（-0.1% vs -3.4%）
Enphase Energy是总部位于美国加利福尼亚州弗里蒙特的能源科技企业，成立于2006年，是全球首家成功实现光伏微型逆变器商业化的企业，主要面向住宅用户研发生产光伏微型逆变器、储能电池及电动汽车充电桩。
奎克化学（现业务名称为奎克好富顿）是1918年成立的美国化工企业，总部位于宾夕法尼亚州康舍霍肯。公司在全球21个国家设有35个运营点，超半数净销售额来自美国境外，主营面向钢铁、铝加工、金属加工、汽车、采矿、航空航天、管材制造、制罐等领域的工业工艺流体产品。
ENPH vs KWR — 直观对比
营收规模更大
KWR
是对方的1.7倍
$282.9M
营收增速更快
KWR
高出26.0%
-20.6%
净利率更高
KWR
高出7.0%
-2.6%
自由现金流更多
ENPH
多$58.7M
$24.3M
两年增速更快
KWR
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $468.5M |
| 净利润 | $-7.4M | $20.7M |
| 毛利率 | 35.5% | 35.3% |
| 营业利润率 | — | 6.7% |
| 净利率 | -2.6% | 4.4% |
| 营收同比 | -20.6% | 5.5% |
| 净利润同比 | -124.9% | 45.9% |
| 每股收益（稀释后） | $-0.06 | $1.16 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ENPHKWR
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $468.5M | ||
| Q3 25 | $410.4M | $493.8M | ||
| Q2 25 | $363.2M | $483.4M | ||
| Q1 25 | $356.1M | $442.9M | ||
| Q4 24 | $382.7M | $444.1M | ||
| Q3 24 | $380.9M | $462.3M | ||
| Q2 24 | $303.5M | $463.6M |
净利润ENPHKWR
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $20.7M | ||
| Q3 25 | $66.6M | $30.5M | ||
| Q2 25 | $37.1M | $-66.6M | ||
| Q1 25 | $29.7M | $12.9M | ||
| Q4 24 | $62.2M | $14.2M | ||
| Q3 24 | $45.8M | $32.3M | ||
| Q2 24 | $10.8M | $34.9M |
毛利率ENPHKWR
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 35.3% | ||
| Q3 25 | 47.8% | 36.6% | ||
| Q2 25 | 46.9% | 35.5% | ||
| Q1 25 | 47.2% | 36.4% | ||
| Q4 24 | 51.8% | 35.2% | ||
| Q3 24 | 46.8% | 37.3% | ||
| Q2 24 | 45.2% | 37.9% |
营业利润率ENPHKWR
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 6.7% | ||
| Q3 25 | 16.1% | 9.4% | ||
| Q2 25 | 10.2% | -10.9% | ||
| Q1 25 | 9.0% | 6.2% | ||
| Q4 24 | 14.3% | 6.5% | ||
| Q3 24 | 13.1% | 11.2% | ||
| Q2 24 | 0.6% | 12.6% |
净利率ENPHKWR
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 4.4% | ||
| Q3 25 | 16.2% | 6.2% | ||
| Q2 25 | 10.2% | -13.8% | ||
| Q1 25 | 8.3% | 2.9% | ||
| Q4 24 | 16.2% | 3.2% | ||
| Q3 24 | 12.0% | 7.0% | ||
| Q2 24 | 3.6% | 7.5% |
每股收益（稀释后）ENPHKWR
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $1.16 | ||
| Q3 25 | $0.50 | $1.75 | ||
| Q2 25 | $0.28 | $-3.78 | ||
| Q1 25 | $0.22 | $0.73 | ||
| Q4 24 | $0.46 | $0.81 | ||
| Q3 24 | $0.33 | $1.81 | ||
| Q2 24 | $0.08 | $1.94 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $497.5M | $179.8M |
| 总债务越低越好 | — | $834.9M |
| 股东权益账面价值 | $1.1B | $1.4B |
| 总资产 | $2.7B | $2.8B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资ENPHKWR
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $179.8M | ||
| Q3 25 | $1.5B | $172.0M | ||
| Q2 25 | $1.5B | $201.9M | ||
| Q1 25 | $1.5B | $186.2M | ||
| Q4 24 | $1.6B | $188.9M | ||
| Q3 24 | $1.8B | $212.1M | ||
| Q2 24 | $1.6B | $188.6M |
总债务ENPHKWR
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $834.9M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | $669.6M | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
股东权益ENPHKWR
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $995.0M | $1.4B | ||
| Q2 25 | $880.6M | $1.3B | ||
| Q1 25 | $810.7M | $1.4B | ||
| Q4 24 | $833.0M | $1.4B | ||
| Q3 24 | $931.4M | $1.4B | ||
| Q2 24 | $884.5M | $1.4B |
总资产ENPHKWR
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $2.8B | ||
| Q3 25 | $3.3B | $2.8B | ||
| Q2 25 | $3.2B | $2.8B | ||
| Q1 25 | $3.1B | $2.7B | ||
| Q4 24 | $3.2B | $2.6B | ||
| Q3 24 | $3.3B | $2.7B | ||
| Q2 24 | $3.2B | $2.7B |
负债/权益比ENPHKWR
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 0.61× | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.37× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 1.56× | 0.49× | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.47× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $102.9M | $46.5M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $24.3M |
| 自由现金流率自由现金流/营收 | 29.3% | 5.2% |
| 资本支出强度资本支出/营收 | — | 4.7% |
| 现金转化率经营现金流/净利润 | — | 2.25× |
| 过去12个月自由现金流最近4个季度 | $145.1M | $80.6M |
8季度趋势，按日历期对齐
经营现金流ENPHKWR
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $46.5M | ||
| Q3 25 | $13.9M | $51.4M | ||
| Q2 25 | $26.6M | $41.6M | ||
| Q1 25 | $48.4M | $-3.0M | ||
| Q4 24 | $167.3M | $63.1M | ||
| Q3 24 | $170.1M | $68.0M | ||
| Q2 24 | $127.1M | $46.3M |
自由现金流ENPHKWR
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $24.3M | ||
| Q3 25 | $5.9M | $38.0M | ||
| Q2 25 | $18.4M | $33.6M | ||
| Q1 25 | $33.8M | $-15.4M | ||
| Q4 24 | $159.2M | $40.6M | ||
| Q3 24 | $161.6M | $59.8M | ||
| Q2 24 | $117.4M | $39.6M |
自由现金流率ENPHKWR
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 5.2% | ||
| Q3 25 | 1.4% | 7.7% | ||
| Q2 25 | 5.1% | 7.0% | ||
| Q1 25 | 9.5% | -3.5% | ||
| Q4 24 | 41.6% | 9.1% | ||
| Q3 24 | 42.4% | 12.9% | ||
| Q2 24 | 38.7% | 8.6% |
资本支出强度ENPHKWR
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 4.7% | ||
| Q3 25 | 2.0% | 2.7% | ||
| Q2 25 | 2.3% | 1.6% | ||
| Q1 25 | 4.1% | 2.8% | ||
| Q4 24 | 2.1% | 5.1% | ||
| Q3 24 | 2.2% | 1.8% | ||
| Q2 24 | 3.2% | 1.4% |
现金转化率ENPHKWR
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 2.25× | ||
| Q3 25 | 0.21× | 1.69× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.63× | -0.24× | ||
| Q4 24 | 2.69× | 4.45× | ||
| Q3 24 | 3.72× | 2.10× | ||
| Q2 24 | 11.73× | 1.33× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ENPH
暂无分部数据
KWR
| Other | $260.7M | 56% |
| Metalworking And Other | $146.4M | 31% |
| Metals | $61.4M | 13% |
