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Enphase Energy（ENPH）与Seadrill Ltd（SDRL）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Seadrill Ltd的1.0倍（$282.9M vs $273.0M），Enphase Energy净利率更高（-2.6% vs -3.7%，领先1.0%），过去两年Enphase Energy的营收复合增速更高（-3.4% vs -8.9%）
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。
Seadrill是一家海洋钻井承包商，为全球油气行业提供海上钻井服务，核心业务是持有并运营钻井船、半潜式钻井平台和自升式钻井平台，可覆盖浅海到超深海、温和及恶劣海况等不同作业场景，主要客户涵盖国际石油巨头、一体化油气企业、国有石油公司及独立油气生产商，服务均基于合同模式提供。
ENPH vs SDRL — 直观对比
营收规模更大
ENPH
是对方的1.0倍
$273.0M
净利率更高
ENPH
高出1.0%
-3.7%
两年增速更快
ENPH
近两年复合增速
-8.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $273.0M |
| 净利润 | $-7.4M | $-10.0M |
| 毛利率 | 35.5% | — |
| 营业利润率 | — | -1.1% |
| 净利率 | -2.6% | -3.7% |
| 营收同比 | -20.6% | — |
| 净利润同比 | -124.9% | — |
| 每股收益（稀释后） | $-0.06 | — |
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ENPHSDRL
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $273.0M | ||
| Q3 25 | $410.4M | $280.0M | ||
| Q2 25 | $363.2M | $288.0M | ||
| Q1 25 | $356.1M | $248.0M | ||
| Q4 24 | $382.7M | — | ||
| Q3 24 | $380.9M | $263.0M | ||
| Q2 24 | $303.5M | $267.0M |
净利润ENPHSDRL
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $-10.0M | ||
| Q3 25 | $66.6M | $-11.0M | ||
| Q2 25 | $37.1M | $-42.0M | ||
| Q1 25 | $29.7M | $-14.0M | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $45.8M | $32.0M | ||
| Q2 24 | $10.8M | $253.0M |
毛利率ENPHSDRL
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | — | ||
| Q3 25 | 47.8% | — | ||
| Q2 25 | 46.9% | — | ||
| Q1 25 | 47.2% | — | ||
| Q4 24 | 51.8% | — | ||
| Q3 24 | 46.8% | — | ||
| Q2 24 | 45.2% | — |
营业利润率ENPHSDRL
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | -1.1% | ||
| Q3 25 | 16.1% | 9.3% | ||
| Q2 25 | 10.2% | 2.1% | ||
| Q1 25 | 9.0% | 7.3% | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 13.1% | 17.9% | ||
| Q2 24 | 0.6% | — |
净利率ENPHSDRL
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | -3.7% | ||
| Q3 25 | 16.2% | -3.9% | ||
| Q2 25 | 10.2% | -14.6% | ||
| Q1 25 | 8.3% | -5.6% | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 12.0% | 12.2% | ||
| Q2 24 | 3.6% | 94.8% |
每股收益（稀释后）ENPHSDRL
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | — | ||
| Q3 25 | $0.50 | $-0.17 | ||
| Q2 25 | $0.28 | $-0.68 | ||
| Q1 25 | $0.22 | $-0.23 | ||
| Q4 24 | $0.46 | — | ||
| Q3 24 | $0.33 | $0.49 | ||
| Q2 24 | $0.08 | $3.49 |
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 | $339.0M |
| 总债务越低越好 | — | $613.0M |
| 股东权益账面价值 | $1.1B | $2.9B |
| 总资产 | $2.7B | $3.9B |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资ENPHSDRL
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $339.0M | ||
| Q3 25 | $1.5B | $402.0M | ||
| Q2 25 | $1.5B | $393.0M | ||
| Q1 25 | $1.5B | $404.0M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.6B | $835.0M |
总债务ENPHSDRL
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $613.0M | ||
| Q3 25 | $1.2B | $612.0M | ||
| Q2 25 | $1.2B | $612.0M | ||
| Q1 25 | $1.2B | $611.0M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | $609.0M |
股东权益ENPHSDRL
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.9B | ||
| Q3 25 | $995.0M | $2.9B | ||
| Q2 25 | $880.6M | $2.9B | ||
| Q1 25 | $810.7M | $2.9B | ||
| Q4 24 | $833.0M | — | ||
| Q3 24 | $931.4M | $2.9B | ||
| Q2 24 | $884.5M | $3.1B |
总资产ENPHSDRL
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $3.9B | ||
| Q3 25 | $3.3B | $4.1B | ||
| Q2 25 | $3.2B | $4.1B | ||
| Q1 25 | $3.1B | $4.1B | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.2B | $4.3B |
负债/权益比ENPHSDRL
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 0.21× | ||
| Q3 25 | 1.21× | 0.21× | ||
| Q2 25 | 1.37× | 0.21× | ||
| Q1 25 | 1.48× | 0.21× | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.47× | 0.20× |
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 | $-40.0M |
| 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 | — | — |
| 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ENPHSDRL
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $-40.0M | ||
| Q3 25 | $13.9M | $28.0M | ||
| Q2 25 | $26.6M | $11.0M | ||
| Q1 25 | $48.4M | $-27.0M | ||
| Q4 24 | $167.3M | — | ||
| Q3 24 | $170.1M | $-27.0M | ||
| Q2 24 | $127.1M | $79.0M |
自由现金流ENPHSDRL
| 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ENPHSDRL
| 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ENPHSDRL
| 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ENPHSDRL
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 0.21× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 3.72× | -0.84× | ||
| Q2 24 | 11.73× | 0.31× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
