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Enphase Energy（ENPH）与摩凡陀集团（MOV）财务数据对比。点击上方公司名可切换其他公司
Enphase Energy的季度营收约是摩凡陀集团的1.5倍（$282.9M vs $186.1M），摩凡陀集团净利率更高（5.1% vs -2.6%，领先7.8%），摩凡陀集团同比增速更快（1.9% vs -20.6%），Enphase Energy自由现金流更多（$83.0M vs $11.6M），过去两年摩凡陀集团的营收复合增速更高（2.9% 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。
摩凡陀集团是源自瑞士的美国奢侈钟表品牌，创始于1881年，品牌名取自世界语，原意为“律动”。摩凡陀腕表以12点钟位置标志性的金属圆点设计与极简风格著称，其中博物馆腕表更是品牌最广为人知的经典代表作。
ENPH vs MOV — 直观对比
营收规模更大
ENPH
是对方的1.5倍
$186.1M
营收增速更快
MOV
高出22.4%
-20.6%
净利率更高
MOV
高出7.8%
-2.6%
自由现金流更多
ENPH
多$71.4M
$11.6M
两年增速更快
MOV
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $186.1M |
| 净利润 | $-7.4M | $9.6M |
| 毛利率 | 35.5% | 54.3% |
| 营业利润率 | — | 6.3% |
| 净利率 | -2.6% | 5.1% |
| 营收同比 | -20.6% | 1.9% |
| 净利润同比 | -124.9% | 89.8% |
| 每股收益（稀释后） | $-0.06 | $0.42 |
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ENPHMOV
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $186.1M | ||
| Q3 25 | $410.4M | $161.8M | ||
| Q2 25 | $363.2M | $131.8M | ||
| Q1 25 | $356.1M | $181.5M | ||
| Q4 24 | $382.7M | $180.5M | ||
| Q3 24 | $380.9M | $157.0M | ||
| Q2 24 | $303.5M | $134.4M |
净利润ENPHMOV
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $9.6M | ||
| Q3 25 | $66.6M | $3.0M | ||
| Q2 25 | $37.1M | $1.4M | ||
| Q1 25 | $29.7M | $8.1M | ||
| Q4 24 | $62.2M | $4.8M | ||
| Q3 24 | $45.8M | $3.5M | ||
| Q2 24 | $10.8M | $2.0M |
毛利率ENPHMOV
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 54.3% | ||
| Q3 25 | 47.8% | 54.1% | ||
| Q2 25 | 46.9% | 54.1% | ||
| Q1 25 | 47.2% | 54.2% | ||
| Q4 24 | 51.8% | 53.5% | ||
| Q3 24 | 46.8% | 54.3% | ||
| Q2 24 | 45.2% | 54.3% |
营业利润率ENPHMOV
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 6.3% | ||
| Q3 25 | 16.1% | 2.5% | ||
| Q2 25 | 10.2% | 0.2% | ||
| Q1 25 | 9.0% | 5.1% | ||
| Q4 24 | 14.3% | 3.3% | ||
| Q3 24 | 13.1% | 1.7% | ||
| Q2 24 | 0.6% | 1.6% |
净利率ENPHMOV
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 5.1% | ||
| Q3 25 | 16.2% | 1.8% | ||
| Q2 25 | 10.2% | 1.1% | ||
| Q1 25 | 8.3% | 4.4% | ||
| Q4 24 | 16.2% | 2.7% | ||
| Q3 24 | 12.0% | 2.2% | ||
| Q2 24 | 3.6% | 1.5% |
每股收益（稀释后）ENPHMOV
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $0.42 | ||
| Q3 25 | $0.50 | $0.13 | ||
| Q2 25 | $0.28 | $0.06 | ||
| Q1 25 | $0.22 | $0.36 | ||
| Q4 24 | $0.46 | $0.21 | ||
| Q3 24 | $0.33 | $0.15 | ||
| Q2 24 | $0.08 | $0.09 |
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 | $183.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $497.5M |
| 总资产 | $2.7B | $751.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ENPHMOV
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $183.9M | ||
| Q3 25 | $1.5B | $180.5M | ||
| Q2 25 | $1.5B | $203.1M | ||
| Q1 25 | $1.5B | $208.5M | ||
| Q4 24 | $1.6B | $181.5M | ||
| Q3 24 | $1.8B | $198.3M | ||
| Q2 24 | $1.6B | $225.4M |
总债务ENPHMOV
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
股东权益ENPHMOV
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $497.5M | ||
| Q3 25 | $995.0M | $489.9M | ||
| Q2 25 | $880.6M | $493.2M | ||
| Q1 25 | $810.7M | $481.3M | ||
| Q4 24 | $833.0M | $491.3M | ||
| Q3 24 | $931.4M | $492.0M | ||
| Q2 24 | $884.5M | $489.6M |
总资产ENPHMOV
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $751.9M | ||
| Q3 25 | $3.3B | $748.7M | ||
| Q2 25 | $3.2B | $747.2M | ||
| Q1 25 | $3.1B | $729.2M | ||
| Q4 24 | $3.2B | $747.2M | ||
| Q3 24 | $3.3B | $742.5M | ||
| Q2 24 | $3.2B | $736.0M |
负债/权益比ENPHMOV
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.37× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 1.56× | — | ||
| 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 | $12.3M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $11.6M |
| 自由现金流率自由现金流/营收 | 29.3% | 6.2% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.28× |
| 过去12个月自由现金流最近4个季度 | $145.1M | $35.3M |
8季度趋势，按日历期对齐
经营现金流ENPHMOV
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $12.3M | ||
| Q3 25 | $13.9M | $-3.8M | ||
| Q2 25 | $26.6M | $-7.2M | ||
| Q1 25 | $48.4M | $39.1M | ||
| Q4 24 | $167.3M | $-4.7M | ||
| Q3 24 | $170.1M | $-17.8M | ||
| Q2 24 | $127.1M | $-18.1M |
自由现金流ENPHMOV
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $11.6M | ||
| Q3 25 | $5.9M | $-5.1M | ||
| Q2 25 | $18.4M | $-8.7M | ||
| Q1 25 | $33.8M | $37.5M | ||
| Q4 24 | $159.2M | $-7.2M | ||
| Q3 24 | $161.6M | $-20.1M | ||
| Q2 24 | $117.4M | $-19.7M |
自由现金流率ENPHMOV
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 6.2% | ||
| Q3 25 | 1.4% | -3.1% | ||
| Q2 25 | 5.1% | -6.6% | ||
| Q1 25 | 9.5% | 20.7% | ||
| Q4 24 | 41.6% | -4.0% | ||
| Q3 24 | 42.4% | -12.8% | ||
| Q2 24 | 38.7% | -14.7% |
资本支出强度ENPHMOV
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 0.4% | ||
| Q3 25 | 2.0% | 0.8% | ||
| Q2 25 | 2.3% | 1.2% | ||
| Q1 25 | 4.1% | 0.9% | ||
| Q4 24 | 2.1% | 1.4% | ||
| Q3 24 | 2.2% | 1.5% | ||
| Q2 24 | 3.2% | 1.2% |
现金转化率ENPHMOV
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 1.28× | ||
| Q3 25 | 0.21× | -1.27× | ||
| Q2 25 | 0.72× | -5.08× | ||
| Q1 25 | 1.63× | 4.86× | ||
| Q4 24 | 2.69× | -0.98× | ||
| Q3 24 | 3.72× | -5.14× | ||
| Q2 24 | 11.73× | -8.97× |
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
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
