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ENPH vs. FSLR
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between ENPH and FSLR is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

ENPH vs. FSLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enphase Energy, Inc. (ENPH) and First Solar, Inc. (FSLR). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ENPH:

-0.87

FSLR:

-0.13

Sortino Ratio

ENPH:

-1.28

FSLR:

0.38

Omega Ratio

ENPH:

0.85

FSLR:

1.04

Calmar Ratio

ENPH:

-0.65

FSLR:

-0.07

Martin Ratio

ENPH:

-1.37

FSLR:

-0.12

Ulcer Index

ENPH:

41.65%

FSLR:

37.72%

Daily Std Dev

ENPH:

65.44%

FSLR:

63.87%

Max Drawdown

ENPH:

-95.97%

FSLR:

-96.22%

Current Drawdown

ENPH:

-85.00%

FSLR:

-42.64%

Fundamentals

Market Cap

ENPH:

$6.52B

FSLR:

$19.97B

EPS

ENPH:

$1.09

FSLR:

$11.77

PE Ratio

ENPH:

45.62

FSLR:

15.82

PEG Ratio

ENPH:

0.60

FSLR:

0.45

PS Ratio

ENPH:

4.58

FSLR:

4.69

PB Ratio

ENPH:

7.81

FSLR:

2.44

Total Revenue (TTM)

ENPH:

$1.42B

FSLR:

$4.26B

Gross Profit (TTM)

ENPH:

$678.42M

FSLR:

$1.85B

EBITDA (TTM)

ENPH:

$258.01M

FSLR:

$1.73B

Returns By Period

In the year-to-date period, ENPH achieves a -26.62% return, which is significantly lower than FSLR's 1.26% return. Over the past 10 years, ENPH has outperformed FSLR with an annualized return of 17.17%, while FSLR has yielded a comparatively lower 12.47% annualized return.


ENPH

YTD

-26.62%

1M

-2.61%

6M

-15.32%

1Y

-56.87%

5Y*

-2.90%

10Y*

17.17%

FSLR

YTD

1.26%

1M

43.48%

6M

-6.30%

1Y

-8.30%

5Y*

35.39%

10Y*

12.47%

*Annualized

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Risk-Adjusted Performance

ENPH vs. FSLR — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENPH
The Risk-Adjusted Performance Rank of ENPH is 99
Overall Rank
The Sharpe Ratio Rank of ENPH is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of ENPH is 88
Sortino Ratio Rank
The Omega Ratio Rank of ENPH is 1010
Omega Ratio Rank
The Calmar Ratio Rank of ENPH is 1010
Calmar Ratio Rank
The Martin Ratio Rank of ENPH is 1010
Martin Ratio Rank

FSLR
The Risk-Adjusted Performance Rank of FSLR is 4646
Overall Rank
The Sharpe Ratio Rank of FSLR is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of FSLR is 4747
Sortino Ratio Rank
The Omega Ratio Rank of FSLR is 4545
Omega Ratio Rank
The Calmar Ratio Rank of FSLR is 4646
Calmar Ratio Rank
The Martin Ratio Rank of FSLR is 4848
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ENPH vs. FSLR - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Enphase Energy, Inc. (ENPH) and First Solar, Inc. (FSLR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current ENPH Sharpe Ratio is -0.87, which is lower than the FSLR Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of ENPH and FSLR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

ENPH vs. FSLR - Dividend Comparison

Neither ENPH nor FSLR has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

ENPH vs. FSLR - Drawdown Comparison

The maximum ENPH drawdown since its inception was -95.97%, roughly equal to the maximum FSLR drawdown of -96.22%. Use the drawdown chart below to compare losses from any high point for ENPH and FSLR. For additional features, visit the drawdowns tool.


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Volatility

ENPH vs. FSLR - Volatility Comparison

The current volatility for Enphase Energy, Inc. (ENPH) is 25.60%, while First Solar, Inc. (FSLR) has a volatility of 29.07%. This indicates that ENPH experiences smaller price fluctuations and is considered to be less risky than FSLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Financials

ENPH vs. FSLR - Financials Comparison

This section allows you to compare key financial metrics between Enphase Energy, Inc. and First Solar, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.00500.00M1.00B1.50B20212022202320242025
356.08M
844.57M
(ENPH) Total Revenue
(FSLR) Total Revenue
Values in USD except per share items

ENPH vs. FSLR - Profitability Comparison

The chart below illustrates the profitability comparison between Enphase Energy, Inc. and First Solar, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

0.0%10.0%20.0%30.0%40.0%50.0%20212022202320242025
47.3%
40.8%
(ENPH) Gross Margin
(FSLR) Gross Margin
ENPH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Enphase Energy, Inc. reported a gross profit of 168.24M and revenue of 356.08M. Therefore, the gross margin over that period was 47.3%.

FSLR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, First Solar, Inc. reported a gross profit of 344.40M and revenue of 844.57M. Therefore, the gross margin over that period was 40.8%.

ENPH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Enphase Energy, Inc. reported an operating income of 31.92M and revenue of 356.08M, resulting in an operating margin of 9.0%.

FSLR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, First Solar, Inc. reported an operating income of 221.24M and revenue of 844.57M, resulting in an operating margin of 26.2%.

ENPH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Enphase Energy, Inc. reported a net income of 29.73M and revenue of 356.08M, resulting in a net margin of 8.4%.

FSLR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, First Solar, Inc. reported a net income of 209.54M and revenue of 844.57M, resulting in a net margin of 24.8%.