Head-to-head · free
Enphase vs GSAT
ENPH vs GSAT — return on capital, cash generation, margins and balance sheet side by side.
ENPH
4 / 7
measures where ENPH leads
GSAT
3 / 7
measures where GSAT leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | ENPH · FY2025 | GSAT · FY2025 |
|---|---|---|
| Revenue | $1.5B | $273.0M |
| Net income | $172.1M | (8.7M) |
| Revenue growth (yearly, multi-year) | 1.6% | 21.7% |
| Free cash flow | $95.9M | — |
| Free cash flow margin | 6.5% | — |
| Net cash / (debt) | — | — |
| ROIC | 5.9% | — |
| Return on equity | 17.9% | -5.4% |
| Gross margin | 46.6% | 64.8% |
| Operating margin | 11.2% | 5.4% |
| Net debt / EBITDA | 3.07x | 0.38x |
Figures are as reported by each company; latest fiscal year shown.
Where Enphase's cash went (FY2025)
- Capital spending
- $40.6M
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Where GSAT's cash went (FY2025)
- Capital spending
- —
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Ask which business is stronger
"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.
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