AR vs. ENPH: A Head-to-Head Stock Comparison
Updated onHere’s a clear look at AR and ENPH, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Overview
AR’s market capitalization of 11.57 billion USD is substantially larger than ENPH’s 5.59 billion USD, indicating a significant difference in their market valuations.
ENPH carries a higher beta at 1.70, indicating it’s more sensitive to market moves, while AR (beta: 0.69) exhibits greater stability.
| Symbol | AR | ENPH |
|---|---|---|
| Company Name | Antero Resources Corporation | Enphase Energy, Inc. |
| Country | US | US |
| Sector | Energy | Energy |
| Industry | Oil & Gas Exploration & Production | Solar |
| CEO | Paul M. Rady | Badrinarayanan Kothandaraman |
| Price | 37.26 USD | 42.57 USD |
| Market Cap | 11.57 billion USD | 5.59 billion USD |
| Beta | 0.69 | 1.70 |
| Exchange | NYSE | NASDAQ |
| IPO Date | October 10, 2013 | March 30, 2012 |
| ADR | No | No |
Historical Performance
This chart compares the performance of AR and ENPH by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.
Data is adjusted for dividends and splits.
Profitability
Return on Equity
AR
0.41%
Oil & Gas Exploration & Production Industry
- Max
- 40.04%
- Q3
- 19.86%
- Median
- 9.16%
- Q1
- 0.95%
- Min
- -16.30%
AR’s Return on Equity of 0.41% is in the lower quartile for the Oil & Gas Exploration & Production industry. This indicates a less efficient generation of profit from its equity base when compared to its competitors.
ENPH
17.17%
Solar Industry
- Max
- 37.56%
- Q3
- 16.53%
- Median
- 1.85%
- Q1
- -58.23%
- Min
- -159.63%
In the upper quartile for the Solar industry, ENPH’s Return on Equity of 17.17% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.
Return on Invested Capital
AR
2.48%
Oil & Gas Exploration & Production Industry
- Max
- 26.92%
- Q3
- 11.67%
- Median
- 6.24%
- Q1
- 1.35%
- Min
- -12.56%
AR’s Return on Invested Capital of 2.48% is in line with the norm for the Oil & Gas Exploration & Production industry, reflecting a standard level of efficiency in generating profits from its capital base.
ENPH
4.45%
Solar Industry
- Max
- 23.63%
- Q3
- 15.68%
- Median
- 4.36%
- Q1
- -5.22%
- Min
- -19.32%
ENPH’s Return on Invested Capital of 4.45% is in line with the norm for the Solar industry, reflecting a standard level of efficiency in generating profits from its capital base.
Net Profit Margin
AR
0.63%
Oil & Gas Exploration & Production Industry
- Max
- 52.19%
- Q3
- 25.60%
- Median
- 13.47%
- Q1
- 2.13%
- Min
- -32.99%
Falling into the lower quartile for the Oil & Gas Exploration & Production industry, AR’s Net Profit Margin of 0.63% indicates weaker profitability. This means the company retains a smaller portion of each dollar in sales as profit compared to its competitors.
ENPH
10.43%
Solar Industry
- Max
- 29.72%
- Q3
- 12.13%
- Median
- 2.80%
- Q1
- -48.40%
- Min
- -129.97%
ENPH’s Net Profit Margin of 10.43% is aligned with the median group of its peers in the Solar industry. This indicates its ability to convert revenue into profit is typical for the sector.
Operating Profit Margin
AR
4.47%
Oil & Gas Exploration & Production Industry
- Max
- 52.94%
- Q3
- 36.35%
- Median
- 24.23%
- Q1
- 13.05%
- Min
- -20.00%
AR’s Operating Profit Margin of 4.47% is in the lower quartile for the Oil & Gas Exploration & Production industry. This indicates weaker profitability from core operations, which may stem from inefficiencies or competitive pressures on pricing.
ENPH
9.72%
Solar Industry
- Max
- 32.91%
- Q3
- 13.87%
- Median
- 3.72%
- Q1
- -58.14%
- Min
- -166.15%
ENPH’s Operating Profit Margin of 9.72% is around the midpoint for the Solar industry, indicating that its efficiency in managing core business operations is typical for the sector.
Profitability at a Glance
| Symbol | AR | ENPH |
|---|---|---|
| Return on Equity (TTM) | 0.41% | 17.17% |
| Return on Assets (TTM) | 0.22% | 4.78% |
| Return on Invested Capital (TTM) | 2.48% | 4.45% |
| Net Profit Margin (TTM) | 0.63% | 10.43% |
| Operating Profit Margin (TTM) | 4.47% | 9.72% |
| Gross Profit Margin (TTM) | 111.19% | 47.91% |
Financial Strength
Current Ratio
AR
0.39
Oil & Gas Exploration & Production Industry
- Max
- 1.96
- Q3
- 1.23
- Median
- 0.89
- Q1
- 0.65
- Min
- 0.27
AR’s Current Ratio of 0.39 falls into the lower quartile for the Oil & Gas Exploration & Production industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.
ENPH
1.90
Solar Industry
- Max
- 2.39
- Q3
- 2.15
- Median
- 1.99
- Q1
- 1.75
- Min
- 1.32
ENPH’s Current Ratio of 1.90 aligns with the median group of the Solar industry, indicating that its short-term liquidity is in line with its sector peers.
Debt-to-Equity Ratio
AR
0.53
Oil & Gas Exploration & Production Industry
- Max
- 1.10
- Q3
- 0.67
- Median
- 0.44
- Q1
- 0.28
- Min
- 0.00
AR’s Debt-to-Equity Ratio of 0.53 is typical for the Oil & Gas Exploration & Production industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.
ENPH
1.49
Solar Industry
- Max
- 2.34
- Q3
- 2.22
- Median
- 1.49
- Q1
- 0.75
- Min
- 0.08
ENPH’s Debt-to-Equity Ratio of 1.49 is typical for the Solar industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.
Interest Coverage Ratio
AR
2.35
Oil & Gas Exploration & Production Industry
- Max
- 20.85
- Q3
- 11.06
- Median
- 5.67
- Q1
- 2.08
- Min
- -6.70
AR’s Interest Coverage Ratio of 2.35 is positioned comfortably within the norm for the Oil & Gas Exploration & Production industry, indicating a standard and healthy capacity to cover its interest payments.
ENPH
15.80
Solar Industry
- Max
- 48.80
- Q3
- 25.77
- Median
- 3.70
- Q1
- -2.52
- Min
- -6.12
ENPH’s Interest Coverage Ratio of 15.80 is positioned comfortably within the norm for the Solar industry, indicating a standard and healthy capacity to cover its interest payments.
Financial Strength at a Glance
| Symbol | AR | ENPH |
|---|---|---|
| Current Ratio (TTM) | 0.39 | 1.90 |
| Quick Ratio (TTM) | 0.39 | 1.77 |
| Debt-to-Equity Ratio (TTM) | 0.53 | 1.49 |
| Debt-to-Asset Ratio (TTM) | 0.29 | 0.39 |
| Net Debt-to-EBITDA Ratio (TTM) | 3.52 | 3.20 |
| Interest Coverage Ratio (TTM) | 2.35 | 15.80 |
Growth
The following charts compare key year-over-year (YoY) growth metrics for AR and ENPH. These metrics are based on the companies’ annual financial reports.
Revenue Growth
Earnings Per Share (EPS) Growth
Free Cash Flow Growth
Dividend
Dividend Yield
AR
0.00%
Oil & Gas Exploration & Production Industry
- Max
- 19.30%
- Q3
- 6.00%
- Median
- 3.36%
- Q1
- 0.00%
- Min
- 0.00%
AR currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.
ENPH
0.00%
Solar Industry
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
ENPH currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.
Dividend Payout Ratio
AR
324.36%
Oil & Gas Exploration & Production Industry
- Max
- 899.71%
- Q3
- 55.01%
- Median
- 33.88%
- Q1
- 12.33%
- Min
- 0.00%
AR’s Dividend Payout Ratio of 324.36% is above 100%. This means the company is paying out more in dividends than it earned, a practice that is often unsustainable and could indicate a risk to future dividend stability.
ENPH
0.00%
Solar Industry
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
ENPH has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.
Dividend at a Glance
| Symbol | AR | ENPH |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 324.36% | 0.00% |
Valuation
Price-to-Earnings Ratio
AR
400.65
Oil & Gas Exploration & Production Industry
- Max
- 28.71
- Q3
- 16.76
- Median
- 10.56
- Q1
- 6.59
- Min
- 2.35
At 400.65, AR’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Oil & Gas Exploration & Production industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.
ENPH
37.81
Solar Industry
- Max
- 36.31
- Q3
- 35.43
- Median
- 25.87
- Q1
- 15.67
- Min
- 12.88
At 37.81, ENPH’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Solar industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.
Forward P/E to Growth Ratio
AR
120.06
Oil & Gas Exploration & Production Industry
- Max
- 2.32
- Q3
- 1.37
- Median
- 0.88
- Q1
- 0.50
- Min
- 0.08
The Forward PEG Ratio is often not a primary valuation metric in the Oil & Gas Exploration & Production industry.
ENPH
-46.84
Solar Industry
- Max
- 2.28
- Q3
- 2.18
- Median
- 2.08
- Q1
- 1.33
- Min
- 0.58
ENPH has a negative Forward PEG Ratio of -46.84. This typically results from negative earnings or forecasts of declining future earnings, making the ratio not meaningful for valuation.
Price-to-Sales Ratio
AR
2.50
Oil & Gas Exploration & Production Industry
- Max
- 6.31
- Q3
- 3.18
- Median
- 1.94
- Q1
- 1.00
- Min
- 0.32
AR’s P/S Ratio of 2.50 aligns with the market consensus for the Oil & Gas Exploration & Production industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.
ENPH
3.92
Solar Industry
- Max
- 3.83
- Q3
- 3.13
- Median
- 1.65
- Q1
- 0.90
- Min
- 0.13
With a P/S Ratio of 3.92, ENPH trades at a valuation that eclipses even the highest in the Solar industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.
Price-to-Book Ratio
AR
1.61
Oil & Gas Exploration & Production Industry
- Max
- 2.84
- Q3
- 1.78
- Median
- 1.16
- Q1
- 0.77
- Min
- 0.23
AR’s P/B Ratio of 1.61 is within the conventional range for the Oil & Gas Exploration & Production industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.
ENPH
6.92
Solar Industry
- Max
- 6.65
- Q3
- 3.57
- Median
- 1.96
- Q1
- 1.22
- Min
- 0.27
At 6.92, ENPH’s P/B Ratio is at an extreme premium to the Solar industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.
Valuation at a Glance
| Symbol | AR | ENPH |
|---|---|---|
| Price-to-Earnings Ratio (P/E, TTM) | 400.65 | 37.81 |
| Forward PEG Ratio (TTM) | 120.06 | -46.84 |
| Price-to-Sales Ratio (P/S, TTM) | 2.50 | 3.92 |
| Price-to-Book Ratio (P/B, TTM) | 1.61 | 6.92 |
| Price-to-Free Cash Flow Ratio (P/FCF, TTM) | 11.29 | 11.83 |
| EV-to-EBITDA (TTM) | 14.22 | 24.00 |
| EV-to-Sales (TTM) | 3.33 | 4.53 |