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Enphase Energy（ENPH）与Progyny, Inc.（PGNY）财务数据对比。点击上方公司名可切换其他公司
Progyny, Inc.的季度营收约是Enphase Energy的1.1倍（$318.4M vs $282.9M），Progyny, Inc.净利率更高（3.9% vs -2.6%，领先6.5%），Progyny, Inc.同比增速更快（6.7% vs -20.6%），Enphase Energy自由现金流更多（$83.0M vs $48.6M），过去两年Progyny, Inc.的营收复合增速更高（7.0% 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。
Progyny, Inc.是总部位于美国的领先生育与家庭构建福利服务商，主要与企业雇主合作，提供试管婴儿、生育力保存、收养协助、代孕支持等综合生育相关福利方案，覆盖多个行业的雇员群体。
ENPH vs PGNY — 直观对比
营收规模更大
PGNY
是对方的1.1倍
$282.9M
营收增速更快
PGNY
高出27.2%
-20.6%
净利率更高
PGNY
高出6.5%
-2.6%
自由现金流更多
ENPH
多$34.4M
$48.6M
两年增速更快
PGNY
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $318.4M |
| 净利润 | $-7.4M | $12.5M |
| 毛利率 | 35.5% | 24.1% |
| 营业利润率 | — | 4.8% |
| 净利率 | -2.6% | 3.9% |
| 营收同比 | -20.6% | 6.7% |
| 净利润同比 | -124.9% | 18.5% |
| 每股收益（稀释后） | $-0.06 | $0.14 |
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ENPHPGNY
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $318.4M | ||
| Q3 25 | $410.4M | $313.3M | ||
| Q2 25 | $363.2M | $332.9M | ||
| Q1 25 | $356.1M | $324.0M | ||
| Q4 24 | $382.7M | $298.4M | ||
| Q3 24 | $380.9M | $286.6M | ||
| Q2 24 | $303.5M | $304.1M |
净利润ENPHPGNY
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $12.5M | ||
| Q3 25 | $66.6M | $13.9M | ||
| Q2 25 | $37.1M | $17.1M | ||
| Q1 25 | $29.7M | $15.1M | ||
| Q4 24 | $62.2M | $10.5M | ||
| Q3 24 | $45.8M | $10.4M | ||
| Q2 24 | $10.8M | $16.5M |
毛利率ENPHPGNY
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 24.1% | ||
| Q3 25 | 47.8% | 23.2% | ||
| Q2 25 | 46.9% | 23.7% | ||
| Q1 25 | 47.2% | 23.4% | ||
| Q4 24 | 51.8% | 21.3% | ||
| Q3 24 | 46.8% | 20.7% | ||
| Q2 24 | 45.2% | 22.5% |
营业利润率ENPHPGNY
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 4.8% | ||
| Q3 25 | 16.1% | 6.9% | ||
| Q2 25 | 10.2% | 7.3% | ||
| Q1 25 | 9.0% | 7.5% | ||
| Q4 24 | 14.3% | 5.3% | ||
| Q3 24 | 13.1% | 4.3% | ||
| Q2 24 | 0.6% | 6.8% |
净利率ENPHPGNY
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 3.9% | ||
| Q3 25 | 16.2% | 4.4% | ||
| Q2 25 | 10.2% | 5.1% | ||
| Q1 25 | 8.3% | 4.6% | ||
| Q4 24 | 16.2% | 3.5% | ||
| Q3 24 | 12.0% | 3.6% | ||
| Q2 24 | 3.6% | 5.4% |
每股收益（稀释后）ENPHPGNY
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $0.14 | ||
| Q3 25 | $0.50 | $0.15 | ||
| Q2 25 | $0.28 | $0.19 | ||
| Q1 25 | $0.22 | $0.17 | ||
| Q4 24 | $0.46 | $0.12 | ||
| Q3 24 | $0.33 | $0.11 | ||
| Q2 24 | $0.08 | $0.17 |
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 | $112.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $516.0M |
| 总资产 | $2.7B | $742.4M |
| 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ENPHPGNY
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $112.2M | ||
| Q3 25 | $1.5B | $134.0M | ||
| Q2 25 | $1.5B | $132.5M | ||
| Q1 25 | $1.5B | $109.2M | ||
| Q4 24 | $1.6B | $162.3M | ||
| Q3 24 | $1.8B | $91.5M | ||
| Q2 24 | $1.6B | $95.0M |
总债务ENPHPGNY
| 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ENPHPGNY
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $516.0M | ||
| Q3 25 | $995.0M | $560.0M | ||
| Q2 25 | $880.6M | $515.0M | ||
| Q1 25 | $810.7M | $467.2M | ||
| Q4 24 | $833.0M | $422.1M | ||
| Q3 24 | $931.4M | $434.9M | ||
| Q2 24 | $884.5M | $456.2M |
总资产ENPHPGNY
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $742.4M | ||
| Q3 25 | $3.3B | $795.2M | ||
| Q2 25 | $3.2B | $761.0M | ||
| Q1 25 | $3.1B | $730.3M | ||
| Q4 24 | $3.2B | $607.1M | ||
| Q3 24 | $3.3B | $660.0M | ||
| Q2 24 | $3.2B | $698.6M |
负债/权益比ENPHPGNY
| 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 | $54.2M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $48.6M |
| 自由现金流率自由现金流/营收 | 29.3% | 15.3% |
| 资本支出强度资本支出/营收 | — | 1.8% |
| 现金转化率经营现金流/净利润 | — | 4.34× |
| 过去12个月自由现金流最近4个季度 | $145.1M | $191.8M |
8季度趋势，按日历期对齐
经营现金流ENPHPGNY
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $54.2M | ||
| Q3 25 | $13.9M | $50.7M | ||
| Q2 25 | $26.6M | $55.5M | ||
| Q1 25 | $48.4M | $49.8M | ||
| Q4 24 | $167.3M | $52.2M | ||
| Q3 24 | $170.1M | $44.5M | ||
| Q2 24 | $127.1M | $56.7M |
自由现金流ENPHPGNY
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $48.6M | ||
| Q3 25 | $5.9M | $46.0M | ||
| Q2 25 | $18.4M | $50.2M | ||
| Q1 25 | $33.8M | $47.0M | ||
| Q4 24 | $159.2M | $50.3M | ||
| Q3 24 | $161.6M | $42.7M | ||
| Q2 24 | $117.4M | $55.8M |
自由现金流率ENPHPGNY
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 15.3% | ||
| Q3 25 | 1.4% | 14.7% | ||
| Q2 25 | 5.1% | 15.1% | ||
| Q1 25 | 9.5% | 14.5% | ||
| Q4 24 | 41.6% | 16.8% | ||
| Q3 24 | 42.4% | 14.9% | ||
| Q2 24 | 38.7% | 18.4% |
资本支出强度ENPHPGNY
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 1.8% | ||
| Q3 25 | 2.0% | 1.5% | ||
| Q2 25 | 2.3% | 1.6% | ||
| Q1 25 | 4.1% | 0.9% | ||
| Q4 24 | 2.1% | 0.6% | ||
| Q3 24 | 2.2% | 0.6% | ||
| Q2 24 | 3.2% | 0.3% |
现金转化率ENPHPGNY
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 4.34× | ||
| Q3 25 | 0.21× | 3.65× | ||
| Q2 25 | 0.72× | 3.24× | ||
| Q1 25 | 1.63× | 3.31× | ||
| Q4 24 | 2.69× | 4.95× | ||
| Q3 24 | 3.72× | 4.27× | ||
| Q2 24 | 11.73× | 3.44× |
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
PGNY
| Fertility Benefit Services | $208.6M | 66% |
| Pharmacy Benefit Services | $109.8M | 34% |
