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Enphase Energy（ENPH）与Stitch Fix, Inc.（SFIX）财务数据对比。点击上方公司名可切换其他公司
Stitch Fix, Inc.的季度营收约是Enphase Energy的1.2倍（$342.1M vs $282.9M），Stitch Fix, Inc.净利率更高（-1.9% vs -2.6%，领先0.8%），Stitch Fix, Inc.同比增速更快（7.3% vs -20.6%），Enphase Energy自由现金流更多（$83.0M vs $5.6M），过去两年Stitch Fix, Inc.的营收复合增速更高（1.8% 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。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
ENPH vs SFIX — 直观对比
营收规模更大
SFIX
是对方的1.2倍
$282.9M
营收增速更快
SFIX
高出27.9%
-20.6%
净利率更高
SFIX
高出0.8%
-2.6%
自由现金流更多
ENPH
多$77.4M
$5.6M
两年增速更快
SFIX
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $342.1M |
| 净利润 | $-7.4M | $-6.4M |
| 毛利率 | 35.5% | 43.6% |
| 营业利润率 | — | -2.5% |
| 净利率 | -2.6% | -1.9% |
| 营收同比 | -20.6% | 7.3% |
| 净利润同比 | -124.9% | -1.7% |
| 每股收益（稀释后） | $-0.06 | $-0.05 |
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ENPHSFIX
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $342.1M | ||
| Q3 25 | $410.4M | $311.2M | ||
| Q2 25 | $363.2M | $325.0M | ||
| Q1 25 | $356.1M | $312.1M | ||
| Q4 24 | $382.7M | $318.8M | ||
| Q3 24 | $380.9M | $319.6M | ||
| Q2 24 | $303.5M | $322.7M |
净利润ENPHSFIX
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $-6.4M | ||
| Q3 25 | $66.6M | $-8.6M | ||
| Q2 25 | $37.1M | $-7.4M | ||
| Q1 25 | $29.7M | $-6.5M | ||
| Q4 24 | $62.2M | $-6.3M | ||
| Q3 24 | $45.8M | $-36.5M | ||
| Q2 24 | $10.8M | $-21.3M |
毛利率ENPHSFIX
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 43.6% | ||
| Q3 25 | 47.8% | 43.6% | ||
| Q2 25 | 46.9% | 44.2% | ||
| Q1 25 | 47.2% | 44.5% | ||
| Q4 24 | 51.8% | 45.4% | ||
| Q3 24 | 46.8% | 44.6% | ||
| Q2 24 | 45.2% | 45.5% |
营业利润率ENPHSFIX
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | -2.5% | ||
| Q3 25 | 16.1% | -3.6% | ||
| Q2 25 | 10.2% | -3.0% | ||
| Q1 25 | 9.0% | -2.9% | ||
| Q4 24 | 14.3% | -2.8% | ||
| Q3 24 | 13.1% | -13.1% | ||
| Q2 24 | 0.6% | -7.7% |
净利率ENPHSFIX
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | -1.9% | ||
| Q3 25 | 16.2% | -2.8% | ||
| Q2 25 | 10.2% | -2.3% | ||
| Q1 25 | 8.3% | -2.1% | ||
| Q4 24 | 16.2% | -2.0% | ||
| Q3 24 | 12.0% | -11.4% | ||
| Q2 24 | 3.6% | -6.6% |
每股收益（稀释后）ENPHSFIX
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | $-0.05 | ||
| Q3 25 | $0.50 | $-0.06 | ||
| Q2 25 | $0.28 | $-0.06 | ||
| Q1 25 | $0.22 | $-0.05 | ||
| Q4 24 | $0.46 | $-0.05 | ||
| Q3 24 | $0.33 | $-0.29 | ||
| Q2 24 | $0.08 | $-0.18 |
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 | $244.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $204.1M |
| 总资产 | $2.7B | $530.7M |
| 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ENPHSFIX
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $244.2M | ||
| Q3 25 | $1.5B | $234.9M | ||
| Q2 25 | $1.5B | $234.2M | ||
| Q1 25 | $1.5B | $219.1M | ||
| Q4 24 | $1.6B | $253.3M | ||
| Q3 24 | $1.8B | $247.0M | ||
| Q2 24 | $1.6B | $244.5M |
总债务ENPHSFIX
| 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ENPHSFIX
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $204.1M | ||
| Q3 25 | $995.0M | $203.0M | ||
| Q2 25 | $880.6M | $200.4M | ||
| Q1 25 | $810.7M | $197.8M | ||
| Q4 24 | $833.0M | $190.5M | ||
| Q3 24 | $931.4M | $187.0M | ||
| Q2 24 | $884.5M | $208.9M |
总资产ENPHSFIX
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $530.7M | ||
| Q3 25 | $3.3B | $480.6M | ||
| Q2 25 | $3.2B | $484.7M | ||
| Q1 25 | $3.1B | $472.6M | ||
| Q4 24 | $3.2B | $507.1M | ||
| Q3 24 | $3.3B | $486.9M | ||
| Q2 24 | $3.2B | $537.0M |
负债/权益比ENPHSFIX
| 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 | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $5.6M |
| 自由现金流率自由现金流/营收 | 29.3% | 1.6% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 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 | $4.9M |
8季度趋势，按日历期对齐
经营现金流ENPHSFIX
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $10.9M | ||
| Q3 25 | $13.9M | $7.0M | ||
| Q2 25 | $26.6M | $20.5M | ||
| Q1 25 | $48.4M | $-16.2M | ||
| Q4 24 | $167.3M | $14.3M | ||
| Q3 24 | $170.1M | $8.2M | ||
| Q2 24 | $127.1M | $21.7M |
自由现金流ENPHSFIX
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $5.6M | ||
| Q3 25 | $5.9M | $2.8M | ||
| Q2 25 | $18.4M | $16.0M | ||
| Q1 25 | $33.8M | $-19.4M | ||
| Q4 24 | $159.2M | $9.9M | ||
| Q3 24 | $161.6M | $4.5M | ||
| Q2 24 | $117.4M | $18.9M |
自由现金流率ENPHSFIX
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 1.6% | ||
| Q3 25 | 1.4% | 0.9% | ||
| Q2 25 | 5.1% | 4.9% | ||
| Q1 25 | 9.5% | -6.2% | ||
| Q4 24 | 41.6% | 3.1% | ||
| Q3 24 | 42.4% | 1.4% | ||
| Q2 24 | 38.7% | 5.9% |
资本支出强度ENPHSFIX
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 1.6% | ||
| Q3 25 | 2.0% | 1.4% | ||
| Q2 25 | 2.3% | 1.4% | ||
| Q1 25 | 4.1% | 1.0% | ||
| Q4 24 | 2.1% | 1.4% | ||
| Q3 24 | 2.2% | 1.2% | ||
| Q2 24 | 3.2% | 0.9% |
现金转化率ENPHSFIX
| 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× | — | ||
| 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
