Enphase Energy vs Synaptics
Enphase Energy is the larger business, with $1.47bn of revenue in fiscal 2025 against $1.20bn for Synaptics (1.2 times as much). Synaptics grew faster (11.4% against 10.7%). Enphase Energy kept more of each dollar of sales as profit: a net margin of 11.7% against -41.0%.
| Latest fiscal year | Enphase EnergyENPH, 2025 | SynapticsSYNA, 2026 |
|---|---|---|
| Revenue | $1.47bn | $1.20bn |
| Revenue growth | 10.7% | 11.4% |
| Net income | $172m | −$491m |
| Operating margin | 10.7% | — |
| Net margin | 11.7% | -41.0% |
| Return on equity | 17.9% | -42.2% |
| Free cash flow | $95.9m | $101m |
| Cash | $474m | $443m |
| Total debt | $1.20bn | $850m |
| Debt to equity | 110.8% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $130m | $92.7m |
| Employees | 2,872 | 1,700 |
| Market value | $4.01bn | $4.59bn |
| Price vs our value range | Above our value range | — |
| Moat score | 58 (Moderate) | 52 (Moderate) |
| Insider trades, 12 months | 7 buys, 8 sales | 0 buys, 59 sales |