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Enphase Energy（ENPH）与STURM RUGER & CO INC（RGR）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STURM RUGER & CO INC的1.9倍（$282.9M vs $151.1M），STURM RUGER & CO INC同比增速更快（3.6% vs -20.6%），Enphase Energy自由现金流更多（$83.0M vs $12.3M），过去两年STURM RUGER & CO INC的营收复合增速更高（5.1% 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。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
ENPH vs RGR — 直观对比
营收规模更大
ENPH
是对方的1.9倍
$151.1M
营收增速更快
RGR
高出24.2%
-20.6%
自由现金流更多
ENPH
多$70.6M
$12.3M
两年增速更快
RGR
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $151.1M |
| 净利润 | $-7.4M | — |
| 毛利率 | 35.5% | 17.8% |
| 营业利润率 | 54.0% | 2.3% |
| 净利率 | -2.6% | — |
| 营收同比 | -20.6% | 3.6% |
| 净利润同比 | -124.9% | — |
| 每股收益（稀释后） | $-0.06 | $0.22 |
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ENPHRGR
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $151.1M | ||
| Q3 25 | $410.4M | $126.8M | ||
| Q2 25 | $363.2M | $132.5M | ||
| Q1 25 | $356.1M | $135.7M | ||
| Q4 24 | $382.7M | $145.8M | ||
| Q3 24 | $380.9M | $122.3M | ||
| Q2 24 | $303.5M | $130.8M |
净利润ENPHRGR
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | — | ||
| Q3 25 | $66.6M | $1.6M | ||
| Q2 25 | $37.1M | $-17.2M | ||
| Q1 25 | $29.7M | $7.8M | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $45.8M | $4.7M | ||
| Q2 24 | $10.8M | $8.3M |
毛利率ENPHRGR
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 17.8% | ||
| Q3 25 | 47.8% | 15.1% | ||
| Q2 25 | 46.9% | 3.9% | ||
| Q1 25 | 47.2% | 22.0% | ||
| Q4 24 | 51.8% | 22.8% | ||
| Q3 24 | 46.8% | 18.5% | ||
| Q2 24 | 45.2% | 22.3% |
营业利润率ENPHRGR
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | 2.3% | ||
| Q3 25 | 16.1% | -2.7% | ||
| Q2 25 | 10.2% | -15.6% | ||
| Q1 25 | 9.0% | 6.2% | ||
| Q4 24 | 14.3% | 7.8% | ||
| Q3 24 | 13.1% | 3.1% | ||
| Q2 24 | 0.6% | 6.9% |
净利率ENPHRGR
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 16.2% | 1.2% | ||
| Q2 25 | 10.2% | -13.0% | ||
| Q1 25 | 8.3% | 5.7% | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 12.0% | 3.9% | ||
| Q2 24 | 3.6% | 6.3% |
每股收益（稀释后）ENPHRGR
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $0.22 | ||
| Q3 25 | $0.50 | $0.10 | ||
| Q2 25 | $0.28 | $-1.05 | ||
| Q1 25 | $0.22 | $0.46 | ||
| Q4 24 | $0.46 | $0.62 | ||
| Q3 24 | $0.33 | $0.28 | ||
| Q2 24 | $0.08 | $0.47 |
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 | $92.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $283.8M |
| 总资产 | $2.7B | $342.0M |
| 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ENPHRGR
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $92.5M | ||
| Q3 25 | $1.5B | $80.8M | ||
| Q2 25 | $1.5B | $101.4M | ||
| Q1 25 | $1.5B | $108.3M | ||
| Q4 24 | $1.6B | $105.5M | ||
| Q3 24 | $1.8B | $96.0M | ||
| Q2 24 | $1.6B | $105.6M |
总债务ENPHRGR
| 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ENPHRGR
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $283.8M | ||
| Q3 25 | $995.0M | $279.6M | ||
| Q2 25 | $880.6M | $289.3M | ||
| Q1 25 | $810.7M | $321.5M | ||
| Q4 24 | $833.0M | $319.6M | ||
| Q3 24 | $931.4M | $314.9M | ||
| Q2 24 | $884.5M | $321.5M |
总资产ENPHRGR
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $342.0M | ||
| Q3 25 | $3.3B | $342.3M | ||
| Q2 25 | $3.2B | $349.5M | ||
| Q1 25 | $3.1B | $379.0M | ||
| Q4 24 | $3.2B | $384.0M | ||
| Q3 24 | $3.3B | $373.5M | ||
| Q2 24 | $3.2B | $376.7M |
负债/权益比ENPHRGR
| 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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $12.3M |
| 自由现金流率自由现金流/营收 | 29.3% | 8.2% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $145.1M | $38.5M |
8季度趋势，按日历期对齐
经营现金流ENPHRGR
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $15.5M | ||
| Q3 25 | $13.9M | $12.9M | ||
| Q2 25 | $26.6M | $14.7M | ||
| Q1 25 | $48.4M | $11.1M | ||
| Q4 24 | $167.3M | $20.0M | ||
| Q3 24 | $170.1M | $9.4M | ||
| Q2 24 | $127.1M | $18.7M |
自由现金流ENPHRGR
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $12.3M | ||
| Q3 25 | $5.9M | $7.0M | ||
| Q2 25 | $18.4M | $9.1M | ||
| Q1 25 | $33.8M | $10.0M | ||
| Q4 24 | $159.2M | $16.4M | ||
| Q3 24 | $161.6M | $2.6M | ||
| Q2 24 | $117.4M | $10.1M |
自由现金流率ENPHRGR
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 8.2% | ||
| Q3 25 | 1.4% | 5.5% | ||
| Q2 25 | 5.1% | 6.9% | ||
| Q1 25 | 9.5% | 7.4% | ||
| Q4 24 | 41.6% | 11.2% | ||
| Q3 24 | 42.4% | 2.1% | ||
| Q2 24 | 38.7% | 7.7% |
资本支出强度ENPHRGR
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 2.1% | ||
| Q3 25 | 2.0% | 4.6% | ||
| Q2 25 | 2.3% | 4.2% | ||
| Q1 25 | 4.1% | 0.8% | ||
| Q4 24 | 2.1% | 2.5% | ||
| Q3 24 | 2.2% | 5.5% | ||
| Q2 24 | 3.2% | 6.6% |
现金转化率ENPHRGR
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 0.21× | 8.15× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.63× | 1.43× | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 3.72× | 1.98× | ||
| Q2 24 | 11.73× | 2.27× |
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
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
