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TYGO vs ENPH
Revenue, margins, valuation, and 5-year total return — side by side.
Solar
TYGO vs ENPH — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Solar | Solar |
| Market Cap | $330M | $4.67B |
| Revenue (TTM) | $110M | $1.40B |
| Net Income (TTM) | $3M | $135M |
| Gross Margin | 43.7% | 44.2% |
| Operating Margin | -2.7% | 6.8% |
| Forward P/E | — | 17.6x |
| Total Debt | $3M | $1.24B |
| Cash & Equiv. | $8M | $474M |
TYGO vs ENPH — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Sep 21 | May 26 | Return |
|---|---|---|---|
| Tigo Energy, Inc. (TYGO) | 100 | 44.3 | -55.7% |
| Enphase Energy, Inc. (ENPH) | 100 | 23.7 | -76.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TYGO vs ENPH
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TYGO carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 1.62
- Rev growth 91.7%, EPS growth 97.1%, 3Y rev CAGR 8.4%
- Lower volatility, beta 1.62, Low D/E 9.7%, current ratio 1.50x
ENPH is the clearest fit if your priority is long-term compounding.
- 17.4% 10Y total return vs TYGO's -55.8%
- 9.6% margin vs TYGO's 3.1%
- 4.2% ROA vs TYGO's 3.9%, ROIC 6.8% vs -11.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 91.7% revenue growth vs ENPH's 10.7% | |
| Value | Better valuation composite | |
| Quality / Margins | 9.6% margin vs TYGO's 3.1% | |
| Stability / Safety | Beta 1.62 vs ENPH's 1.70, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +383.3% vs ENPH's -18.9% | |
| Efficiency (ROA) | 4.2% ROA vs TYGO's 3.9%, ROIC 6.8% vs -11.0% |
TYGO vs ENPH — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
TYGO vs ENPH — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
ENPH leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ENPH is the larger business by revenue, generating $1.4B annually — 12.7x TYGO's $110M. ENPH is the more profitable business, keeping 9.6% of every revenue dollar as net income compared to TYGO's 3.1%. On growth, TYGO holds the edge at +33.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $110M | $1.4B |
| EBITDAEarnings before interest/tax | -$2M | $171M |
| Net IncomeAfter-tax profit | $3M | $135M |
| Free Cash FlowCash after capex | $726,000 | $145M |
| Gross MarginGross profit ÷ Revenue | +43.7% | +44.2% |
| Operating MarginEBIT ÷ Revenue | -2.7% | +6.8% |
| Net MarginNet income ÷ Revenue | +3.1% | +9.6% |
| FCF MarginFCF ÷ Revenue | +0.7% | +10.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +33.7% | -20.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +81.8% | -127.3% |
Valuation Metrics
Evenly matched — TYGO and ENPH each lead in 2 of 4 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $330M | $4.7B |
| Enterprise ValueMkt cap + debt − cash | $325M | $5.4B |
| Trailing P/EPrice ÷ TTM EPS | -145.00x | 27.50x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 17.61x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.36x |
| EV / EBITDAEnterprise value multiple | — | 22.19x |
| Price / SalesMarket cap ÷ Revenue | 3.19x | 3.17x |
| Price / BookPrice ÷ Book value/share | 10.24x | 4.40x |
| Price / FCFMarket cap ÷ FCF | 34.19x | 48.75x |
Profitability & Efficiency
Evenly matched — TYGO and ENPH each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
TYGO delivers a 16.4% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $13 for ENPH. TYGO carries lower financial leverage with a 0.10x debt-to-equity ratio, signaling a more conservative balance sheet compared to ENPH's 1.14x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +16.4% | +13.3% |
| ROA (TTM)Return on assets | +3.9% | +4.2% |
| ROICReturn on invested capital | -11.0% | +6.8% |
| ROCEReturn on capital employed | -9.5% | +6.8% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 0.10x | 1.14x |
| Net DebtTotal debt minus cash | -$5M | $769M |
| Cash & Equiv.Liquid assets | $8M | $474M |
| Total DebtShort + long-term debt | $3M | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | 1.37x | 47.60x |
Total Returns (Dividends Reinvested)
TYGO leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TYGO five years ago would be worth $4,421 today (with dividends reinvested), compared to $2,885 for ENPH. Over the past 12 months, TYGO leads with a +383.3% total return vs ENPH's -18.9%. The 3-year compound annual growth rate (CAGR) favors TYGO at -25.2% vs ENPH's -39.9% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +188.1% | +5.1% |
| 1-Year ReturnPast 12 months | +383.3% | -18.9% |
| 3-Year ReturnCumulative with dividends | -58.2% | -78.3% |
| 5-Year ReturnCumulative with dividends | -55.8% | -71.2% |
| 10-Year ReturnCumulative with dividends | -55.8% | +1737.8% |
| CAGR (3Y)Annualised 3-year return | -25.2% | -39.9% |
Risk & Volatility
TYGO leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
TYGO is the less volatile stock with a 1.62 beta — it tends to amplify market swings less than ENPH's 1.70 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TYGO currently trades 81.7% from its 52-week high vs ENPH's 65.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.62x | 1.70x |
| 52-Week HighHighest price in past year | $5.33 | $54.43 |
| 52-Week LowLowest price in past year | $0.81 | $25.78 |
| % of 52W HighCurrent price vs 52-week peak | +81.7% | +65.2% |
| RSI (14)Momentum oscillator 0–100 | 50.9 | 52.1 |
| Avg Volume (50D)Average daily shares traded | 547K | 5.9M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates TYGO as "Buy" and ENPH as "Hold". Consensus price targets imply 22.6% upside for ENPH (target: $43) vs -31.0% for TYGO (target: $3).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $3.00 | $43.48 |
| # AnalystsCovering analysts | 3 | 55 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +2.8% |
TYGO leads in 2 of 6 categories (Total Returns, Risk & Volatility). ENPH leads in 1 (Income & Cash Flow). 2 tied.
TYGO vs ENPH: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is TYGO or ENPH a better buy right now?
For growth investors, Tigo Energy, Inc.
(TYGO) is the stronger pick with 91. 7% revenue growth year-over-year, versus 10. 7% for Enphase Energy, Inc. (ENPH). Enphase Energy, Inc. (ENPH) offers the better valuation at 27. 5x trailing P/E (17. 6x forward), making it the more compelling value choice. Analysts rate Tigo Energy, Inc. (TYGO) a "Buy" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — TYGO or ENPH?
Over the past 5 years, Tigo Energy, Inc.
(TYGO) delivered a total return of -55. 8%, compared to -71. 2% for Enphase Energy, Inc. (ENPH). Over 10 years, the gap is even starker: ENPH returned +1738% versus TYGO's -55. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — TYGO or ENPH?
By beta (market sensitivity over 5 years), Tigo Energy, Inc.
(TYGO) is the lower-risk stock at 1. 62β versus Enphase Energy, Inc. 's 1. 70β — meaning ENPH is approximately 4% more volatile than TYGO relative to the S&P 500. On balance sheet safety, Tigo Energy, Inc. (TYGO) carries a lower debt/equity ratio of 10% versus 114% for Enphase Energy, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — TYGO or ENPH?
By revenue growth (latest reported year), Tigo Energy, Inc.
(TYGO) is pulling ahead at 91. 7% versus 10. 7% for Enphase Energy, Inc. (ENPH). On earnings-per-share growth, the picture is similar: Tigo Energy, Inc. grew EPS 97. 1% year-over-year, compared to 72. 0% for Enphase Energy, Inc.. Over a 3-year CAGR, TYGO leads at 8. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — TYGO or ENPH?
Enphase Energy, Inc.
(ENPH) is the more profitable company, earning 11. 7% net margin versus -1. 8% for Tigo Energy, Inc. — meaning it keeps 11. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ENPH leads at 11. 2% versus -4. 3% for TYGO. At the gross margin level — before operating expenses — ENPH leads at 46. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is TYGO or ENPH more undervalued right now?
Analyst consensus price targets imply the most upside for ENPH: 22.
6% to $43. 48.
07Which pays a better dividend — TYGO or ENPH?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is TYGO or ENPH better for a retirement portfolio?
For long-horizon retirement investors, Enphase Energy, Inc.
(ENPH) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+1738% 10Y return). Tigo Energy, Inc. (TYGO) carries a higher beta of 1. 62 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ENPH: +1738%, TYGO: -55. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between TYGO and ENPH?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: TYGO is a small-cap high-growth stock; ENPH is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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