Enphase Energy, Inc. (ENPH) vs SolarEdge Technologies, Inc. (SEDG)
Enphase Energy, Inc. and SolarEdge Technologies, Inc. are both Solar companies. Enphase Energy, Inc. is the larger, with a market value of $4.4B against $2.0B — 2.2× the size. SolarEdge Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Enphase Energy, Inc. trades at 31.8×. SolarEdge Technologies, Inc. grew revenue faster over the last twelve months: 41.7% against −10.4%. Enphase Energy, Inc. has the higher net margin (10.1% vs −20.3%) and the higher return on invested capital (8.45% vs −59.6%). Across the 20 metrics below, Enphase Energy, Inc. leads on 14 and SolarEdge Technologies, Inc. on 6.
Valuation
Profitability
| Metric | ENPH | SEDG | Solar median |
|---|---|---|---|
| Gross margin | 46.95% | 23.27% | 31.92% |
| Operating margin | 8.32% | (11.60%) | (9.70%) |
| Net margin | 10.09% | (20.29%) | (8.48%) |
| Free cash flow margin | 11.49% | 8.85% | (2.95%) |
| Return on equity | 13.00% | (58.42%) | 5.34% |
| Return on assets | 4.40% | (11.28%) | (5.36%) |
| Return on invested capital | 8.45% | (59.63%) | (5.27%) |
Growth
Health
Dividend
Size
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