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Enphase Energy（ENPH）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.5倍（$282.9M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs -2.6%，领先50.6%），Enphase Energy同比增速更快（-20.6% vs -21.9%），过去两年Enphase Energy的营收复合增速更高（-3.4% vs -15.4%）
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。
ENPH vs RILY — 直观对比
营收规模更大
ENPH
是对方的1.5倍
$188.3M
营收增速更快
ENPH
高出1.3%
-21.9%
净利率更高
RILY
高出50.6%
-2.6%
两年增速更快
ENPH
近两年复合增速
-15.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $188.3M |
| 净利润 | $-7.4M | $90.3M |
| 毛利率 | 35.5% | 79.5% |
| 营业利润率 | 54.0% | 32.3% |
| 净利率 | -2.6% | 47.9% |
| 营收同比 | -20.6% | -21.9% |
| 净利润同比 | -124.9% | 1710.8% |
| 每股收益（稀释后） | $-0.06 | $2.78 |
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ENPHRILY
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $188.3M | ||
| Q3 25 | $410.4M | $215.3M | ||
| Q2 25 | $363.2M | $188.2M | ||
| Q1 25 | $356.1M | $197.2M | ||
| Q4 24 | $382.7M | $241.0M | ||
| Q3 24 | $380.9M | $225.5M | ||
| Q2 24 | $303.5M | $256.0M |
净利润ENPHRILY
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $90.3M | ||
| Q3 25 | $66.6M | $91.1M | ||
| Q2 25 | $37.1M | $139.5M | ||
| Q1 25 | $29.7M | $-10.0M | ||
| Q4 24 | $62.2M | $-5.6M | ||
| Q3 24 | $45.8M | $-284.4M | ||
| Q2 24 | $10.8M | $-433.6M |
毛利率ENPHRILY
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 79.5% | ||
| Q3 25 | 47.8% | 83.7% | ||
| Q2 25 | 46.9% | 81.3% | ||
| Q1 25 | 47.2% | 81.4% | ||
| Q4 24 | 51.8% | 79.8% | ||
| Q3 24 | 46.8% | 82.1% | ||
| Q2 24 | 45.2% | 84.5% |
营业利润率ENPHRILY
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | 32.3% | ||
| Q3 25 | 16.1% | 30.4% | ||
| Q2 25 | 10.2% | 5.7% | ||
| Q1 25 | 9.0% | -31.2% | ||
| Q4 24 | 14.3% | -69.2% | ||
| Q3 24 | 13.1% | -36.4% | ||
| Q2 24 | 0.6% | -90.8% |
净利率ENPHRILY
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 47.9% | ||
| Q3 25 | 16.2% | 42.3% | ||
| Q2 25 | 10.2% | 74.1% | ||
| Q1 25 | 8.3% | -5.1% | ||
| Q4 24 | 16.2% | -2.3% | ||
| Q3 24 | 12.0% | -126.1% | ||
| Q2 24 | 3.6% | -169.4% |
每股收益（稀释后）ENPHRILY
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $2.78 | ||
| Q3 25 | $0.50 | $2.91 | ||
| Q2 25 | $0.28 | $4.50 | ||
| Q1 25 | $0.22 | $-0.39 | ||
| Q4 24 | $0.46 | $-0.01 | ||
| Q3 24 | $0.33 | $-9.39 | ||
| Q2 24 | $0.08 | $-14.35 |
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 | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $1.1B | $-171.5M |
| 总资产 | $2.7B | $1.7B |
| 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ENPHRILY
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $226.6M | ||
| Q3 25 | $1.5B | $184.2M | ||
| Q2 25 | $1.5B | $267.4M | ||
| Q1 25 | $1.5B | $138.3M | ||
| Q4 24 | $1.6B | $146.9M | ||
| Q3 24 | $1.8B | $159.2M | ||
| Q2 24 | $1.6B | $236.9M |
总债务ENPHRILY
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
股东权益ENPHRILY
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $-171.5M | ||
| Q3 25 | $995.0M | $-260.5M | ||
| Q2 25 | $880.6M | $-351.7M | ||
| Q1 25 | $810.7M | $-496.8M | ||
| Q4 24 | $833.0M | $-488.2M | ||
| Q3 24 | $931.4M | $-497.6M | ||
| Q2 24 | $884.5M | $-218.3M |
总资产ENPHRILY
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $1.7B | ||
| Q3 25 | $3.3B | $1.7B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $3.2B | $1.8B | ||
| Q3 24 | $3.3B | $2.2B | ||
| Q2 24 | $3.2B | $3.2B |
负债/权益比ENPHRILY
| 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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | — |
| 自由现金流率自由现金流/营收 | 29.3% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 0.29× |
| 过去12个月自由现金流最近4个季度 | $145.1M | — |
8季度趋势，按日历期对齐
经营现金流ENPHRILY
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $26.2M | ||
| Q3 25 | $13.9M | $-60.6M | ||
| Q2 25 | $26.6M | $-25.6M | ||
| Q1 25 | $48.4M | $184.0K | ||
| Q4 24 | $167.3M | $-2.7M | ||
| Q3 24 | $170.1M | $19.5M | ||
| Q2 24 | $127.1M | $111.5M |
自由现金流ENPHRILY
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | — | ||
| Q3 25 | $5.9M | — | ||
| Q2 25 | $18.4M | — | ||
| Q1 25 | $33.8M | — | ||
| Q4 24 | $159.2M | — | ||
| Q3 24 | $161.6M | — | ||
| Q2 24 | $117.4M | — |
自由现金流率ENPHRILY
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 9.5% | — | ||
| Q4 24 | 41.6% | — | ||
| Q3 24 | 42.4% | — | ||
| Q2 24 | 38.7% | — |
资本支出强度ENPHRILY
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 3.2% | — |
现金转化率ENPHRILY
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 0.29× | ||
| Q3 25 | 0.21× | -0.66× | ||
| Q2 25 | 0.72× | -0.18× | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 3.72× | — | ||
| Q2 24 | 11.73× | — |
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
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
