vs
Enphase Energy（ENPH）与ROGERS CORP（ROG）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ROGERS CORP的1.4倍（$282.9M vs $200.5M），ROGERS CORP净利率更高（2.2% vs -2.6%，领先4.9%），ROGERS CORP同比增速更快（5.2% vs -20.6%），Enphase Energy自由现金流更多（$83.0M vs $1.1M），过去两年ROGERS CORP的营收复合增速更高（-3.3% 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。
罗杰斯公司是一家专注于特种工程材料研发生产的企业，总部位于美国亚利桑那州钱德勒市，其产品广泛应用于先进电子、移动通信、清洁能源、航空航天等多个高科技领域，为全球客户提供高性能材料解决方案。
ENPH vs ROG — 直观对比
营收规模更大
ENPH
是对方的1.4倍
$200.5M
营收增速更快
ROG
高出25.8%
-20.6%
净利率更高
ROG
高出4.9%
-2.6%
自由现金流更多
ENPH
多$81.9M
$1.1M
两年增速更快
ROG
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $200.5M |
| 净利润 | $-7.4M | $4.5M |
| 毛利率 | 35.5% | 32.2% |
| 营业利润率 | — | — |
| 净利率 | -2.6% | 2.2% |
| 营收同比 | -20.6% | 5.2% |
| 净利润同比 | -124.9% | 421.4% |
| 每股收益（稀释后） | $-0.06 | $0.25 |
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ENPHROG
| Q1 26 | $282.9M | $200.5M | ||
| Q4 25 | $343.3M | $201.5M | ||
| Q3 25 | $410.4M | $216.0M | ||
| Q2 25 | $363.2M | $202.8M | ||
| Q1 25 | $356.1M | $190.5M | ||
| Q4 24 | $382.7M | $192.2M | ||
| Q3 24 | $380.9M | $210.3M | ||
| Q2 24 | $303.5M | $214.2M |
净利润ENPHROG
| Q1 26 | $-7.4M | $4.5M | ||
| Q4 25 | $38.7M | $4.6M | ||
| Q3 25 | $66.6M | $8.6M | ||
| Q2 25 | $37.1M | $-73.6M | ||
| Q1 25 | $29.7M | $-1.4M | ||
| Q4 24 | $62.2M | $-500.0K | ||
| Q3 24 | $45.8M | $10.7M | ||
| Q2 24 | $10.8M | $8.1M |
毛利率ENPHROG
| Q1 26 | 35.5% | 32.2% | ||
| Q4 25 | 44.3% | 31.5% | ||
| Q3 25 | 47.8% | 33.5% | ||
| Q2 25 | 46.9% | 31.6% | ||
| Q1 25 | 47.2% | 29.9% | ||
| Q4 24 | 51.8% | 32.1% | ||
| Q3 24 | 46.8% | 35.2% | ||
| Q2 24 | 45.2% | 34.1% |
营业利润率ENPHROG
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 3.5% | ||
| Q3 25 | 16.1% | 7.3% | ||
| Q2 25 | 10.2% | -33.3% | ||
| Q1 25 | 9.0% | -0.2% | ||
| Q4 24 | 14.3% | -6.6% | ||
| Q3 24 | 13.1% | 6.9% | ||
| Q2 24 | 0.6% | 5.3% |
净利率ENPHROG
| Q1 26 | -2.6% | 2.2% | ||
| Q4 25 | 11.3% | 2.3% | ||
| Q3 25 | 16.2% | 4.0% | ||
| Q2 25 | 10.2% | -36.3% | ||
| Q1 25 | 8.3% | -0.7% | ||
| Q4 24 | 16.2% | -0.3% | ||
| Q3 24 | 12.0% | 5.1% | ||
| Q2 24 | 3.6% | 3.8% |
每股收益（稀释后）ENPHROG
| Q1 26 | $-0.06 | $0.25 | ||
| Q4 25 | $0.29 | $0.20 | ||
| Q3 25 | $0.50 | $0.48 | ||
| Q2 25 | $0.28 | $-4.00 | ||
| Q1 25 | $0.22 | $-0.08 | ||
| Q4 24 | $0.46 | $-0.04 | ||
| Q3 24 | $0.33 | $0.58 | ||
| Q2 24 | $0.08 | $0.44 |
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 | $195.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $1.2B |
| 总资产 | $2.7B | $1.4B |
| 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ENPHROG
| Q1 26 | $497.5M | $195.8M | ||
| Q4 25 | $1.5B | $197.0M | ||
| Q3 25 | $1.5B | $167.8M | ||
| Q2 25 | $1.5B | $157.2M | ||
| Q1 25 | $1.5B | $175.6M | ||
| Q4 24 | $1.6B | $159.8M | ||
| Q3 24 | $1.8B | $146.4M | ||
| Q2 24 | $1.6B | $119.9M |
总债务ENPHROG
| 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ENPHROG
| Q1 26 | $1.1B | $1.2B | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $995.0M | $1.2B | ||
| Q2 25 | $880.6M | $1.2B | ||
| Q1 25 | $810.7M | $1.3B | ||
| Q4 24 | $833.0M | $1.3B | ||
| Q3 24 | $931.4M | $1.3B | ||
| Q2 24 | $884.5M | $1.3B |
总资产ENPHROG
| Q1 26 | $2.7B | $1.4B | ||
| Q4 25 | $3.5B | $1.4B | ||
| Q3 25 | $3.3B | $1.4B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $3.2B | $1.5B | ||
| Q3 24 | $3.3B | $1.5B | ||
| Q2 24 | $3.2B | $1.5B |
负债/权益比ENPHROG
| 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 | $5.8M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $1.1M |
| 自由现金流率自由现金流/营收 | 29.3% | 0.5% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | — | 1.29× |
| 过去12个月自由现金流最近4个季度 | $145.1M | $70.1M |
8季度趋势，按日历期对齐
经营现金流ENPHROG
| Q1 26 | $102.9M | $5.8M | ||
| Q4 25 | $47.6M | $46.9M | ||
| Q3 25 | $13.9M | $28.9M | ||
| Q2 25 | $26.6M | $13.7M | ||
| Q1 25 | $48.4M | $11.7M | ||
| Q4 24 | $167.3M | $33.7M | ||
| Q3 24 | $170.1M | $42.4M | ||
| Q2 24 | $127.1M | $22.9M |
自由现金流ENPHROG
| Q1 26 | $83.0M | $1.1M | ||
| Q4 25 | $37.8M | $42.2M | ||
| Q3 25 | $5.9M | $21.2M | ||
| Q2 25 | $18.4M | $5.6M | ||
| Q1 25 | $33.8M | $2.1M | ||
| Q4 24 | $159.2M | $18.3M | ||
| Q3 24 | $161.6M | $25.2M | ||
| Q2 24 | $117.4M | $8.8M |
自由现金流率ENPHROG
| Q1 26 | 29.3% | 0.5% | ||
| Q4 25 | 11.0% | 20.9% | ||
| Q3 25 | 1.4% | 9.8% | ||
| Q2 25 | 5.1% | 2.8% | ||
| Q1 25 | 9.5% | 1.1% | ||
| Q4 24 | 41.6% | 9.5% | ||
| Q3 24 | 42.4% | 12.0% | ||
| Q2 24 | 38.7% | 4.1% |
资本支出强度ENPHROG
| Q1 26 | — | 2.3% | ||
| Q4 25 | 2.8% | 2.3% | ||
| Q3 25 | 2.0% | 3.6% | ||
| Q2 25 | 2.3% | 4.0% | ||
| Q1 25 | 4.1% | 5.0% | ||
| Q4 24 | 2.1% | 8.0% | ||
| Q3 24 | 2.2% | 8.2% | ||
| Q2 24 | 3.2% | 6.6% |
现金转化率ENPHROG
| Q1 26 | — | 1.29× | ||
| Q4 25 | 1.23× | 10.20× | ||
| Q3 25 | 0.21× | 3.36× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 3.72× | 3.96× | ||
| Q2 24 | 11.73× | 2.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
