vs
Enphase Energy（ENPH）与PREFORMED LINE PRODUCTS CO（PLPC）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PREFORMED LINE PRODUCTS CO的1.6倍（$282.9M vs $173.1M），PREFORMED LINE PRODUCTS CO净利率更高（4.9% vs -2.6%，领先7.5%），PREFORMED LINE PRODUCTS CO同比增速更快（3.6% vs -20.6%），Enphase Energy自由现金流更多（$83.0M vs $11.8M），过去两年PREFORMED LINE PRODUCTS CO的营收复合增速更高（10.8% 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。
预成型线路产品公司（PLPC）研发、生产和销售适用于输配电、通信及可再生能源基建领域的工程硬件组件，服务全球多地的公用事业、网络运营商及工业客户，提供可提升网络可靠性与运营效率的解决方案。
ENPH vs PLPC — 直观对比
营收规模更大
ENPH
是对方的1.6倍
$173.1M
营收增速更快
PLPC
高出24.1%
-20.6%
净利率更高
PLPC
高出7.5%
-2.6%
自由现金流更多
ENPH
多$71.2M
$11.8M
两年增速更快
PLPC
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $173.1M |
| 净利润 | $-7.4M | $8.4M |
| 毛利率 | 35.5% | 29.8% |
| 营业利润率 | — | 6.8% |
| 净利率 | -2.6% | 4.9% |
| 营收同比 | -20.6% | 3.6% |
| 净利润同比 | -124.9% | -19.3% |
| 每股收益（稀释后） | $-0.06 | $1.72 |
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ENPHPLPC
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $173.1M | ||
| Q3 25 | $410.4M | $178.1M | ||
| Q2 25 | $363.2M | $169.6M | ||
| Q1 25 | $356.1M | $148.5M | ||
| Q4 24 | $382.7M | $167.1M | ||
| Q3 24 | $380.9M | $147.0M | ||
| Q2 24 | $303.5M | $138.7M |
净利润ENPHPLPC
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $8.4M | ||
| Q3 25 | $66.6M | $2.6M | ||
| Q2 25 | $37.1M | $12.7M | ||
| Q1 25 | $29.7M | $11.5M | ||
| Q4 24 | $62.2M | $10.5M | ||
| Q3 24 | $45.8M | $7.7M | ||
| Q2 24 | $10.8M | $9.4M |
毛利率ENPHPLPC
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 29.8% | ||
| Q3 25 | 47.8% | 29.7% | ||
| Q2 25 | 46.9% | 32.7% | ||
| Q1 25 | 47.2% | 32.8% | ||
| Q4 24 | 51.8% | 33.3% | ||
| Q3 24 | 46.8% | 31.1% | ||
| Q2 24 | 45.2% | 31.9% |
营业利润率ENPHPLPC
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 6.8% | ||
| Q3 25 | 16.1% | 7.4% | ||
| Q2 25 | 10.2% | 10.1% | ||
| Q1 25 | 9.0% | 8.8% | ||
| Q4 24 | 14.3% | 10.5% | ||
| Q3 24 | 13.1% | 7.1% | ||
| Q2 24 | 0.6% | 8.1% |
净利率ENPHPLPC
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 4.9% | ||
| Q3 25 | 16.2% | 1.5% | ||
| Q2 25 | 10.2% | 7.5% | ||
| Q1 25 | 8.3% | 7.8% | ||
| Q4 24 | 16.2% | 6.3% | ||
| Q3 24 | 12.0% | 5.2% | ||
| Q2 24 | 3.6% | 6.8% |
每股收益（稀释后）ENPHPLPC
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $1.72 | ||
| Q3 25 | $0.50 | $0.53 | ||
| Q2 25 | $0.28 | $2.56 | ||
| Q1 25 | $0.22 | $2.33 | ||
| Q4 24 | $0.46 | $2.13 | ||
| Q3 24 | $0.33 | $1.54 | ||
| Q2 24 | $0.08 | $1.89 |
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 | — |
| 总债务越低越好 | — | $38.3M |
| 股东权益账面价值 | $1.1B | $475.5M |
| 总资产 | $2.7B | $653.6M |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资ENPHPLPC
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.6B | — |
总债务ENPHPLPC
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $38.3M | ||
| Q3 25 | $1.2B | $36.0M | ||
| Q2 25 | $1.2B | $31.8M | ||
| Q1 25 | $1.2B | $29.1M | ||
| Q4 24 | $1.3B | $20.8M | ||
| Q3 24 | $1.3B | $27.2M | ||
| Q2 24 | $1.3B | $31.6M |
股东权益ENPHPLPC
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $475.5M | ||
| Q3 25 | $995.0M | $466.3M | ||
| Q2 25 | $880.6M | $460.7M | ||
| Q1 25 | $810.7M | $435.8M | ||
| Q4 24 | $833.0M | $422.3M | ||
| Q3 24 | $931.4M | $429.0M | ||
| Q2 24 | $884.5M | $416.2M |
总资产ENPHPLPC
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $653.6M | ||
| Q3 25 | $3.3B | $644.6M | ||
| Q2 25 | $3.2B | $631.5M | ||
| Q1 25 | $3.1B | $592.5M | ||
| Q4 24 | $3.2B | $573.9M | ||
| Q3 24 | $3.3B | $592.0M | ||
| Q2 24 | $3.2B | $572.6M |
负债/权益比ENPHPLPC
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 0.08× | ||
| Q3 25 | 1.21× | 0.08× | ||
| Q2 25 | 1.37× | 0.07× | ||
| Q1 25 | 1.48× | 0.07× | ||
| Q4 24 | 1.56× | 0.05× | ||
| Q3 24 | 1.40× | 0.06× | ||
| Q2 24 | 1.47× | 0.08× |
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 | $21.9M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $11.8M |
| 自由现金流率自由现金流/营收 | 29.3% | 6.8% |
| 资本支出强度资本支出/营收 | — | 5.9% |
| 现金转化率经营现金流/净利润 | — | 2.60× |
| 过去12个月自由现金流最近4个季度 | $145.1M | $33.3M |
8季度趋势，按日历期对齐
经营现金流ENPHPLPC
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $21.9M | ||
| Q3 25 | $13.9M | $18.9M | ||
| Q2 25 | $26.6M | $26.9M | ||
| Q1 25 | $48.4M | $5.7M | ||
| Q4 24 | $167.3M | $24.1M | ||
| Q3 24 | $170.1M | $9.4M | ||
| Q2 24 | $127.1M | $28.3M |
自由现金流ENPHPLPC
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $11.8M | ||
| Q3 25 | $5.9M | $8.3M | ||
| Q2 25 | $18.4M | $18.6M | ||
| Q1 25 | $33.8M | $-5.3M | ||
| Q4 24 | $159.2M | $20.6M | ||
| Q3 24 | $161.6M | $5.8M | ||
| Q2 24 | $117.4M | $24.6M |
自由现金流率ENPHPLPC
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 6.8% | ||
| Q3 25 | 1.4% | 4.7% | ||
| Q2 25 | 5.1% | 10.9% | ||
| Q1 25 | 9.5% | -3.6% | ||
| Q4 24 | 41.6% | 12.3% | ||
| Q3 24 | 42.4% | 3.9% | ||
| Q2 24 | 38.7% | 17.7% |
资本支出强度ENPHPLPC
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 5.9% | ||
| Q3 25 | 2.0% | 6.0% | ||
| Q2 25 | 2.3% | 4.9% | ||
| Q1 25 | 4.1% | 7.4% | ||
| Q4 24 | 2.1% | 2.1% | ||
| Q3 24 | 2.2% | 2.4% | ||
| Q2 24 | 3.2% | 2.7% |
现金转化率ENPHPLPC
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 2.60× | ||
| Q3 25 | 0.21× | 7.21× | ||
| Q2 25 | 0.72× | 2.12× | ||
| Q1 25 | 1.63× | 0.49× | ||
| Q4 24 | 2.69× | 2.30× | ||
| Q3 24 | 3.72× | 1.22× | ||
| Q2 24 | 11.73× | 3.02× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
