Enphase Energy, Inc.
$5.12B- Market cap
- $4.79B
- Debt
- +$1.84B
- Cash
- −$1.51B
Capital structure 72% equity / 28% debt · EV / Revenue 3.47x · EV / EBITDA 18.41x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: ENPH stock price at discount vs DASH $36.37 current versus $128.23 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at DASH's multiple
Implied fair value · at ENPH's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ENPH FY 2025 (ended Dec 31, 2025) · DASH FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 72% equity / 28% debt · EV / Revenue 3.47x · EV / EBITDA 18.41x
Capital structure 92% equity / 8% debt · EV / Revenue 6.96x · EV / EBITDA 56.54x
DASH carries the larger enterprise value at $95.50B against $5.12B; ENPH trades on the lower EV / Revenue multiple (3.47x vs 6.96x); ENPH on the lower EV / EBITDA (18.41x vs 56.54x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Enphase Energy, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
DOORDASH, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.69x
0.78x
Net debt / EBITDA
Leverage against operating earnings
1.16x
2.02x
Cash and equivalents
Liquid reserves on the balance sheet
$1.51B
$4.38B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
SOLAREDGE TECHNOLOGIES, INC.
ENPH vs SEDG
FIRST SOLAR, INC.
ENPH vs FSLR
GENERAC HOLDINGS INC.
ENPH vs GNRC
Tesla, Inc.
ENPH vs TSLA
Uber Technologies, Inc.
ENPH vs UBER
Amazon.com, Inc.
ENPH vs AMZN
YELP INC
ENPH vs YELP
DOMINOS PIZZA INC
ENPH vs DPZ
Chipotle Mexican Grill, Inc.
ENPH vs CMG
$1.84B
$7.79B
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.