ENPH Enphase Energy, Inc. - Common Stock
$38.06
价格 · 八月 19, 2026
截至...的财报数据 七月 28, 2026
52周区间
$26–$74
26% of range
分析师评级
HOLD
41 analysts
目标价
$47
+23% upside
P/E (TTM)
29.5
ROE
17.9%
净利润率
11.7%
关于 Enphase Energy, Inc. - Common Stock 公司概况（来自维基百科）
Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers. Enphase was established in 2006 and is the first company to successfully commercialize solar micro-inverters, which convert the direct current (DC) power generated by solar panels into grid-compatible alternating current (AC) for use or export. The company has shipped more than 48 million microinverters to 2.5 million solar systems in more than 140 countries.
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Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers. Enphase was established in 2006 and is the first company to successfully commercialize solar micro-inverters, which convert the direct current (DC) power generated by solar panels into grid-compatible alternating current (AC) for use or export. The company has shipped more than 48 million microinverters to 2.5 million solar systems in more than 140 countries.
## History
Most solar photovoltaic systems use a central inverter, where the panels are connected together in a series creating a string, which delivers all the direct current (DC) power produced into the inverter for conversion into grid-compatible alternating current (AC). The major drawback to this approach is that, unless DC power optimizers are used, the entire string's output is limited by the output of the lowest-performing panel. Solar micro-inverters address this problem by converting the DC into AC in a small inverter placed behind each individual solar panel.
Enphase founder Martin Fornage discovered this issue when he saw the low performance of the central inverter for the solar array on his ranch. Fornage was looking for a new opportunity after the 2001 Telecoms crash and brought an idea to build micro-inverters to his former Cerent Corporation colleague, Raghu Belur, and they formed PVI Solutions. The two hired Paul Nahi to be CEO at the end of 2006 and the trio formed Enphase Energy, Inc. in early 2007. Enphase raised $6 million in private equity, and in 2008, released its first microinverter, the M175. Their second generation product, 2009's M190, had sales of about 400,000 units in 2009 and early 2010. Enphase grew to 13% marketshare for residential systems by mid-2010.
Enphase went public in March 2012 and began trading on the Nasdaq with the stock symbol ENPH.
In October 2014, Enphase announced it would enter the battery home energy storage market. The first batteries were installed in Australia and New Zealand in mid-2016, but the launch of any Enphase battery system in the North American market was delayed until July 2020. When released in the North American market, the battery system was part of the Ensemble energy management system, and substantially different to the first generation on-grid only battery previously released.
Enphase experienced leadership changes in September 2017 when the president and CEO, Paul Nahi, announced his resignation from the company. Badri Kothandaraman was appointed the company's new president and CEO. Kothandaraman was previously the company's chief operating officer.
As of 2020, Enphase had about a 48% market share for residential installations in the US, which represents 72% of the entire world micro-inverter market. In the global market for inverters for all customers (residential, commercial and industrial), microinverters have a 1.7% share of the inverter market.
In 2021, Enphase completed a series of acquisitions that focused on software-as-a-service and home electrification: Sofdesk's Solargraf, a software platform offering digital tools and services to support the sales process for solar installers; the Solar Design Services business of DIN Engineering Services, a software service provider for solar proposal drawings and permit plan sets; 365 Pronto, a software platform that connects solar installers with operations and maintenance providers; and ClipperCreek, a company that offers electric vehicle (EV) charging solutions for residential and commercial customers in the U.S.
Also in 2021, the company launched its eighth-generation microinverter technology, the IQ8 series, to customers in North America. As of 2022, Enphase has shipped more than 48 million microinverters and deployed more than two million Enphase-based systems in more than 140 countries.
In 2022, Enphase completed the acquisition of SolarLeadFactory LLC, a company that provides leads to solar installers.
来源：维基百科 (英语), CC BY-SA 4.0 · 在维基百科上查看 ↗
ENPH 股票快照 价格、市值、P/E、EPS、ROE、负债/权益、52周范围
价格
$38.06
市值
$4.99B
P/E (TTM)
29.5
每股收益 (TTM)
$1.29
营收 (TTM)
$1.47B
股息收益率
—
ROE
17.9%
负债/权益
1.1
52周区间
$26 – $74
ENPH 股价图表 包含技术指标的日 OHLCV — 平移、缩放和自定义您的视图
Configure
10年表现 收入、净利润、利润率和每股收益趋势
营收与净利润
$1.47B
2017-12-31
→
2025-12-31
EPS
$1.29
2022-12-31
→
2025-12-31
自由现金流
$96M
2017-12-31
→
2025-12-31
利润率
11.7%
2017-12-31
→
2025-12-31
估值 P/E、P/S、P/B、EV/EBITDA 比率 — 该股票是昂贵还是便宜？
指标
5年趋势
ENPH
同行中位数
P/E (TTM)
29.5
60.0
P/S (TTM) (市销率 (TTM))
3.4
5.0
P/B (市净率)
4.6
3.1
EV / EBITDA (企业价值 / EBITDA)
19.7
—
Price / FCF (股价/自由现金流)
52.0
—
盈利能力 毛利率、营业利润率和净利率；股本回报率 (ROE)、资产回报率 (ROA)、投入资本回报率 (ROIC)
指标
5年趋势
ENPH
同行中位数
Gross Margin (毛利率)
46.6%
43.9%
Operating Margin (营业利润率)
10.7%
—
Net Profit Margin (净利润率)
11.7%
8.8%
ROA
5.1%
4.5%
ROE
17.9%
8.2%
ROIC
5.8%
—
财务健康 债务、流动性、偿付能力 — 资产负债表强度
指标
5年趋势
ENPH
同行中位数
Debt / Equity (负债/股东权益比率)
1.1
—
Current Ratio (流动比率)
2.1
3.7
Quick Ratio (速动比率)
1.4
—
成长 营收、每股收益 (EPS) 和净利润增长：同比、3年复合年增长率 (CAGR)、5年复合年增长率 (CAGR)
指标
5年趋势
ENPH
同行中位数
Revenue YoY (营收同比增长)
10.7%
—
Revenue CAGR 3Y (营收3年复合年增长率)
-14.2%
—
Revenue CAGR 5Y (营收5年复合年增长率)
13.7%
—
EPS YoY
72.0%
—
Net Income YoY (净利润同比增长)
67.7%
—
资本效率 资产周转率、库存周转率、应收账款周转率
指标
5年趋势
ENPH
同行中位数
ENPH 分析师共识 看涨和看跌分析师观点、12个月价格目标、上涨空间
持有
41 位分析师
- 强烈买入 4 9.8%
- 买入 12 29.3%
- 持有 22 53.7%
- 卖出 3 7.3%
- 强烈卖出 0 0.0%
12个月价格目标
27 位分析师 · 2026-08-17
中位数
$45.00
现在
$38.06
最低
$27.00
最高
$85.00
中位数目标
$45.00
+18.2%
平均目标
$46.64
+22.5%
收益历史 每股收益实际值 vs 预估值，惊喜%，达标率，下次财报日期
平均惊喜
0.07%
| 期间 | EPS Actual | EPS 预期 | 惊喜 |
|---|---|---|---|
| 2026年6月30日 | $0.46 | $0.47 | -0.01% |
| 2026年3月31日 | $0.47 | $0.42 | 0.05% |
| 2025年12月31日 | $0.71 | $0.59 | 0.12% |
| 2025年9月30日 | $0.90 | $0.66 | 0.24% |
| 2025年6月30日 | $0.69 | $0.63 | 0.06% |
| 2025年3月31日 | $0.68 | $0.72 | -0.04% |
同行比较（GICS 子行业） 关键指标与行业同行对比
| 股票代码 | 市值 | P/E | 营收同比增长 | 净利润率 | ROE | 毛利率 |
|---|---|---|---|---|---|---|
| ENPH | $4.20B | 24.8 | 10.7% | 11.7% | 17.9% | 46.6% |
| ONTO | $8.24B | 59.7 | 1.8% | 13.6% | 6.7% | 49.7% |
| AMKR | $9.76B | 26.3 | 6.2% | 5.6% | 8.7% | 14.0% |
| FORM | $4.51B | 84.1 | 2.8% | 6.9% | 5.4% | 39.3% |
| ACMR | — | 28.8 | 15.2% | 10.4% | 7.9% | 44.4% |
| AXTI | $905M | -33.4 | -11.1% | -24.1% | -9.1% | 12.7% |
| ACLS | $2.47B | 21.1 | -17.6% | 14.3% | 11.7% | 44.9% |
| AEHR | $3.00B | -401.4 | -15.2% | -14.2% | -4.1% | 35.3% |
| UCTT | $1.18B | -6.5 | -2.1% | -8.8% | -22.9% | 15.7% |
| VECO | $1.73B | 48.4 | -7.4% | 5.3% | 4.1% | 40.0% |
| COHU | $1.17B | -14.8 | 12.7% | -16.4% | -9.2% | — |
完整基本面 所有年度指标 — 损益表、资产负债表、现金流量表
损益表 17
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.47B | $1.33B | $2.29B | $2.33B | $1.38B | $774M | $624M | $316M | $286M | $323M | $357M | $344M | |
| Cost of Revenue | $786M | $701M | $1.23B | $1.36B | $828M | $428M | $403M | $222M | $230M | $265M | $249M | $231M | |
| Gross Profit | $687M | $629M | $1.06B | $975M | $554M | $346M | $221M | $94M | $56M | $58M | $108M | $113M | |
| R&D Expense | $189M | $201M | $227M | $169M | $106M | $56M | $40M | $33M | $33M | $51M | $51M | $45M | |
| SG&A Expense | $136M | $131M | $138M | $140M | $104M | $51M | $39M | $29M | $22M | $27M | $31M | $31M | |
| Operating Expenses | $529M | $552M | $613M | $526M | $339M | $160M | $119M | $93M | $95M | $121M | $128M | $117M | |
| Operating Income | $158M | $77M | $446M | $448M | $216M | $186M | $103M | $2M | $-39M | $-63M | · | · | |
| Interest Expense | · | · | $9M | $9M | $45M | $21M | $10M | $11M | $8M | $3M | $501.0K | $2M | |
| Other Non-op | $-11M | $-26M | $7M | $-431.0K | $6M | $-799.0K | $-5M | $-2M | $2M | $-514.0K | $-893.0K | $-994.0K | |
| Pretax Income | $205M | $120M | $513M | $452M | $121M | $119M | $90M | $-10M | $-45M | $-66M | $-21M | $-7M | |
| Income Tax | $33M | $18M | $74M | $55M | $-25M | $-15M | $-71M | $1M | $-149.0K | $1M | $1M | $766.0K | |
| Net Income | $172M | $103M | $439M | $397M | $145M | $134M | $161M | $-12M | $-45M | $-67M | $-22M | $-8M | |
| EPS (Basic) | $1.31 | $0.76 | $3.22 | $2.94 | · | · | · | · | · | · | · | · | |
| EPS (Diluted) | $1.29 | $0.75 | $3.08 | $2.77 | · | · | · | · | · | · | · | · | |
| Shares (Basic) | 131,162,000 | 135,167,000 | 136,376,000 | 135,349,000 | 134,025,000 | 125,561,000 | 116,713,000 | 99,619,000 | 82,939,000 | · | · | · | |
| Shares (Diluted) | 134,886,000 | 140,004,000 | 143,290,000 | 144,390,000 | 142,878,000 | 141,918,000 | 131,644,000 | 99,619,000 | 82,939,000 | · | · | · | |
| EBITDA | $238M | $159M | $520M | $507M | $248M | $205M | $117M | $11M | $9M | $11M | $11M | $8M |
资产负债表 28
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $474M | $369M | $289M | $473M | $119M | $679M | $251M | $106M | $29M | $18M | $28M | $42M | |
| Short-term Investments | $1.04B | $1.25B | $1.41B | $1.14B | $897M | $0 | · | · | · | · | · | · | |
| Receivables | $230M | $224M | $446M | $441M | $334M | $182M | $145M | $79M | $65M | $61M | $46M | $45M | |
| Inventory | $288M | $165M | $214M | $150M | $74M | $42M | $32M | $16M | $26M | $32M | $41M | $22M | |
| Prepaid Expense | $576M | $221M | $89M | $61M | $38M | $30M | $26M | $21M | $10M | $7M | $6M | $6M | |
| Current Assets | $2.61B | $2.33B | $2.44B | $2.26B | $1.46B | $933M | $500M | $222M | $130M | $118M | $122M | $115M | |
| PP&E (Net) | $137M | $148M | $168M | $111M | $82M | $43M | $29M | $21M | $26M | $31M | $32M | $31M | |
| PP&E (Gross) | $371M | $331M | $306M | $215M | $160M | $105M | $81M | $73M | $71M | $71M | $64M | $55M | |
| Accum. Depreciation | $234M | $183M | $137M | $104M | $77M | $62M | $52M | $52M | $44M | $40M | $32M | $24M | |
| Goodwill | $215M | $212M | $215M | $214M | $181M | $25M | $25M | $25M | $4M | $4M | $4M | $4M | |
| Intangibles | $22M | $42M | $69M | $100M | $98M | $29M | $31M | $35M | $515.0K | $945.0K | $2M | $2M | |
| Other Non-current Assets | $223M | $206M | $216M | $169M | $119M | $60M | $45M | $37M | $8M | $10M | $6M | $916.0K | |
| Total Assets | $3.51B | $3.25B | $3.38B | $3.08B | $2.08B | $1.20B | $713M | $340M | $169M | $164M | $166M | $152M | |
| Accounts Payable | $203M | $90M | $116M | $125M | $114M | $73M | $57M | $49M | $29M | $32M | $26M | $22M | |
| Accrued Liabilities | $217M | $197M | $262M | $296M | $158M | $77M | $47M | $29M | $22M | $23M | $19M | $26M | |
| Current Liabilities | $1.26B | $660M | $532M | $638M | $440M | $534M | $199M | $147M | $92M | $83M | $73M | $59M | |
| Capital Leases | $31M | $23M | $19M | $19M | $12M | $15M | $10M | · | · | · | · | · | |
| Other Non-current Liabilities | $65M | $55M | $51M | $44M | $17M | $17M | $12M | $3M | $2M | $2M | $3M | $4M | |
| Total Liabilities | $2.42B | $2.42B | $2.40B | $2.26B | $1.65B | $716M | $441M | $332M | $178M | $162M | $124M | $105M | |
| Long-term Debt | $1.20B | $1.30B | $1.29B | $1.29B | $1.04B | $331M | $106M | $110M | $50M | $24M | $0 | $0 | |
| Total Debt | $1.20B | $1.30B | $1.29B | $1.29B | $1.04B | $331M | $106M | · | $32M | $24M | · | $0 | |
| Common Stock | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $0 | $0 | |
| Paid-in Capital | $1.29B | $1.08B | $939M | $819M | $838M | $535M | $458M | $353M | $287M | $252M | $225M | $208M | |
| Retained Earnings | $-204M | $-245M | $46M | $17M | $-406M | $-51M | $-185M | $-346M | $-296M | $-251M | $-183M | $-161M | |
| AOCI | $2M | $-6M | $-2M | $-11M | $-2M | $434.0K | $-923.0K | $742.0K | $-656.0K | $-292.0K | $-210.0K | $-79.0K | |
| Stockholders' Equity | $1.09B | $833M | $984M | $826M | $430M | $484M | $272M | $8M | $-9M | $1M | $41M | $47M | |
| Liabilities + Equity | $3.51B | $3.25B | $3.38B | $3.08B | $2.08B | $1.20B | $713M | $340M | $169M | $164M | $166M | $152M | |
| Shares Outstanding | 131,080,000 | 132,448,000 | 135,722,000 | 136,441,000 | 133,894,000 | 128,962,000 | 123,109,000 | 107,035,000 | 85,914,000 | 62,269,000 | 45,821,000 | 43,756,000 |
现金流 19
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $81M | $81M | $75M | $59M | $31M | $18M | $14M | $10M | $9M | $11M | $11M | $8M | |
| Stock-based Comp | $214M | $211M | $213M | $217M | $114M | $43M | $20M | $11M | $7M | $10M | $13M | $10M | |
| Deferred Tax | $14M | $-61M | $-47M | $-137.0K | $-31M | $-17M | $-73M | $123.0K | $-1M | $654.0K | $642.0K | $-35.0K | |
| Amort. of Intangibles | $20M | $23M | $27M | $25M | $10M | $5M | $5M | $2M | $400.0K | $700.0K | $500.0K | $100.0K | |
| Restructuring | $7M | $13M | $16M | $2M | $0 | $0 | $3M | $4M | $17M | $4M | $0 | $0 | |
| Other Non-cash | $-344M | $179M | $17M | $72M | $91M | $39M | $17M | $7M | $2M | $13M | $-23M | $14M | |
| Operating Cash Flow | $137M | $514M | $697M | $745M | $352M | $216M | $139M | $16M | $-28M | $-33M | $-21M | $24M | |
| CapEx | $41M | $34M | $110M | $46M | $52M | $21M | $15M | $4M | $4M | $12M | $13M | $13M | |
| Investing Cash Flow | $107M | $128M | $-366M | $-372M | $-1.22B | $-26M | $-15M | $-19M | $-4M | $-12M | $-12M | $-17M | |
| Debt Issued | · | · | · | · | · | $0 | $0 | $68M | $26M | $24M | · | $0 | |
| Net Debt Issued | $-102M | · | $0 | $0 | $-2M | $-3M | $-46M | $58M | · | $0 | $0 | $-9M | |
| Stock Issued | · | · | · | · | · | $0 | $0 | $20M | $26M | $16M | $0 | $0 | |
| Stock Repurchased | $130M | $391M | $410M | $0 | $500M | $0 | $0 | · | · | · | · | · | |
| Net Stock Activity | $-130M | $-391M | $-410M | $0 | $-500M | $0 | $0 | $20M | $26M | $16M | · | · | |
| Financing Cash Flow | $-242M | $-460M | $-517M | $-17M | $309M | $192M | $66M | $81M | $43M | $34M | $21M | $-3M | |
| Net Change in Cash | $10M | $175M | $-184M | $354M | $-560M | $383M | $190M | $77M | $11M | $-11M | $-14M | $4M | |
| Taxes Paid | $20M | · | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $96M | $480M | $586M | $698M | $300M | $196M | $124M | $12M | $-33M | $-45M | $-34M | $11M | |
| Levered FCF | · | · | $579M | $690M | $245M | $172M | $107M | $1M | $-40M | $-48M | $-34M | $9M |
盈利能力 8
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.6% | 47.3% | 46.2% | 41.8% | 40.1% | 44.7% | 35.4% | 29.9% | 19.6% | 18.0% | 30.3% | 32.9% | |
| Operating Margin | 10.7% | 5.8% | 19.5% | 19.2% | 15.6% | 24.1% | 16.4% | 0.50% | · | · | · | · | |
| Net Margin | 11.7% | 7.7% | 19.2% | 17.1% | 10.5% | 17.3% | 25.8% | -3.7% | -15.8% | -20.9% | -6.2% | -2.3% | |
| Pretax Margin | 13.9% | 9.0% | 22.4% | 19.4% | 8.8% | 15.4% | 14.4% | -3.2% | -15.8% | -20.5% | -5.8% | -2.1% | |
| EBITDA Margin | 16.2% | 11.9% | 22.7% | 21.8% | 18.0% | 26.4% | 18.7% | 3.6% | 3.1% | 3.3% | 2.9% | 2.4% | |
| ROA | 5.1% | 3.1% | 13.6% | 14.9% | 8.9% | 14.0% | 30.6% | · | -27.2% | -41.0% | -13.9% | -6.0% | |
| ROE | 17.9% | 11.6% | 43.9% | 55.4% | 27.0% | 29.8% | 75.9% | · | 1154.9% | -315.6% | -50.0% | -18.5% | |
| ROIC | 5.8% | 3.1% | 16.7% | 18.6% | 17.7% | 25.7% | 48.6% | · | · | · | · | · |
流动性与偿付能力 5
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.1 | 3.5 | 4.6 | 3.5 | 3.3 | 1.7 | 2.5 | · | 1.4 | 1.4 | 1.7 | 2.0 | |
| Quick Ratio | 1.4 | 2.8 | 4.0 | 3.2 | 3.1 | 1.6 | 2.0 | · | 1.0 | 1.0 | 1.0 | 1.5 | |
| Debt / Equity | 1.1 | 1.6 | 1.3 | 1.6 | 2.4 | 0.7 | 0.4 | · | -3.5 | 18.3 | · | 0.0 | |
| LT Debt / Equity | 0.5 | 1.4 | 1.3 | 1.5 | 2.2 | 0.0 | 0.4 | · | -3.5 | 16.0 | · | 0.0 | |
| Interest Coverage | · | · | 50.4 | 47.5 | 4.8 | 8.9 | 10.6 | 0.2 | · | · | · | · |
效率 3
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.7 | 0.9 | 0.8 | 0.8 | 1.2 | · | 1.7 | 2.0 | 2.2 | 2.6 | |
| Inventory Turnover | 3.5 | 3.7 | 6.8 | 11.0 | 14.2 | 11.6 | 16.7 | · | 7.9 | 7.3 | 8.0 | 12.1 | |
| Receivables Turnover | 6.5 | 4.0 | 5.2 | 5.8 | 5.4 | 4.7 | 5.6 | · | 4.5 | 6.0 | 7.8 | 8.9 |
增长率 8
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 10.7% | -41.9% | -1.7% | 68.7% | 78.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -14.2% | -1.3% | 43.5% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 13.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 72.0% | -75.6% | 11.2% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -22.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 67.7% | -76.6% | 10.5% | 173.2% | 8.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -24.3% | -11.0% | 48.5% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 5.1% | · | · | · | · | · | · | · | · | · | · | · |
估值 (TTM) 14
| 指标 | 趋势 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.47B | $1.33B | $2.29B | $2.33B | $1.38B | $774M | $624M | $316M | $286M | $323M | $357M | $344M | |
| Net Income TTM | $172M | $103M | $439M | $397M | $145M | $134M | $161M | $-12M | $-45M | $-67M | $-22M | $-8M | |
| Market Cap | $4.20B | $9.10B | $17.93B | $36.15B | $24.49B | $22.63B | $3.22B | · | $207M | $63M | $161M | $625M | |
| Enterprise Value | $3.89B | $8.78B | $17.53B | $35.83B | $24.52B | $22.28B | $3.07B | · | $210M | $69M | · | $583M | |
| P/E | 24.8 | 91.6 | 42.9 | 95.7 | · | · | · | · | · | · | · | · | |
| P/S | 2.9 | 6.8 | 7.8 | 15.5 | 17.7 | 29.2 | 5.2 | · | 0.7 | 0.2 | 0.5 | 1.8 | |
| P/B | 3.9 | 10.9 | 18.2 | 43.8 | 56.9 | 46.8 | 11.8 | · | -22.7 | 48.4 | 3.9 | 13.3 | |
| P / Tangible Book | 4.9 | 15.7 | 25.6 | 70.5 | 162.0 | 52.6 | · | · | · | · | · | · | |
| P / Cash Flow | 30.8 | 17.7 | 25.7 | 48.5 | 69.6 | 104.6 | 23.1 | · | -7.3 | -1.9 | -7.6 | 25.8 | |
| P / FCF | 43.8 | 18.9 | 30.6 | 51.8 | 81.7 | 115.6 | 25.9 | · | -6.4 | -1.4 | -4.8 | 57.0 | |
| EV / EBITDA | 16.3 | 55.3 | 33.7 | 70.7 | 98.7 | 108.9 | 26.3 | · | 23.3 | 6.5 | · | 70.6 | |
| EV / FCF | 40.6 | 18.3 | 29.9 | 51.3 | 81.8 | 113.8 | 24.7 | · | -6.5 | -1.5 | · | 53.2 | |
| EV / Revenue | 2.6 | 6.6 | 7.7 | 15.4 | 17.7 | 28.8 | 4.9 | · | 0.7 | 0.2 | · | 1.7 | |
| Earnings Yield | 4.0% | 1.1% | 2.3% | 1.1% | · | · | · | · | · | · | · | · |
损益表 17
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $292M | $283M | $343M | $410M | $363M | $356M | $383M | $381M | $303M | $263M | $303M | $551M | $711M | $726M | $725M | $635M | |
| Cost of Revenue | $117M | $183M | $191M | $214M | $193M | $188M | $184M | $203M | $166M | $148M | $156M | $289M | $388M | $400M | $414M | $367M | |
| Gross Profit | $175M | $100M | $152M | $196M | $170M | $168M | $198M | $178M | $137M | $116M | $147M | $262M | $323M | $326M | $311M | $268M | |
| R&D Expense | $46M | $45M | $46M | $47M | $45M | $50M | $50M | $48M | $49M | $54M | $55M | $55M | $60M | $57M | $50M | $44M | |
| SG&A Expense | $31M | $33M | $35M | $33M | $34M | $34M | $32M | $30M | $34M | $35M | $33M | $34M | $34M | $36M | $37M | $32M | |
| Operating Expenses | $123M | $130M | $130M | $130M | $133M | $136M | $143M | $128M | $135M | $145M | $157M | $144M | $153M | $159M | $154M | $132M | |
| Operating Income | $52M | $-30M | $22M | $66M | $37M | $32M | $55M | $50M | $2M | $-29M | $-10M | $118M | $170M | $168M | $157M | $135M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $2M | · | $2M | $2M | $2M | · | $2M | |
| Other Non-op | $-1M | $4M | $2M | $-4M | $-9M | $-14.0K | $-1M | $-17M | $-8M | $87.0K | $4M | $2M | $-33.0K | $426.0K | $5M | $-3M | |
| Pretax Income | $62M | $-14M | $39M | $77M | $42M | $47M | $70M | $51M | $11M | $-11M | $12M | $137M | $185M | $179M | $168M | $134M | |
| Income Tax | $26M | $-6M | $-16.0K | $10M | $5M | $17M | $8M | $5M | $383.0K | $5M | $-9M | $23M | $27M | $32M | $14M | $19M | |
| Net Income | $36M | $-7M | $39M | $67M | $37M | $30M | $62M | $46M | $11M | $-16M | $21M | $114M | $157M | $147M | $154M | $115M | |
| EPS (Basic) | $0.27 | $-0.06 | $0.29 | $0.51 | $0.28 | $0.23 | $0.46 | $0.34 | $0.08 | $-0.12 | $0.16 | $0.84 | $1.15 | $1.07 | · | · | |
| EPS (Diluted) | $0.27 | $-0.06 | $0.29 | $0.50 | $0.28 | $0.22 | $0.46 | $0.33 | $0.08 | $-0.12 | $0.17 | $0.80 | $1.09 | $1.02 | · | · | |
| Shares (Basic) | 131,963,000 | 131,337,000 | -262,535,000 | 130,797,000 | 131,031,000 | 131,869,000 | -271,699,000 | 135,329,000 | 135,646,000 | 135,891,000 | -273,085,000 | 136,165,000 | 136,607,000 | 136,689,000 | -269,807,000 | 135,633,000 | |
| Shares (Diluted) | 135,122,000 | 131,337,000 | -269,536,000 | 132,995,000 | 135,219,000 | 136,208,000 | -271,924,000 | 139,914,000 | 136,123,000 | 135,891,000 | -291,657,000 | 143,863,000 | 145,098,000 | 145,986,000 | -289,914,000 | 145,962,000 | |
| EBITDA | $52M | $-9M | · | $66M | $37M | $52M | · | $50M | $2M | $-9M | · | $118M | $170M | $184M | · | $135M |
资产负债表 29
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $529M | $498M | $474M | $402M | $371M | $350M | $369M | $256M | $252M | $254M | $289M | $290M | $279M | $286M | $473M | $338M | |
| Short-term Investments | $408M | $433M | $1.04B | $1.08B | $1.16B | $1.12B | $1.25B | $1.51B | $1.39B | $1.38B | · | $1.49B | $1.52B | $1.49B | · | $1.08B | |
| Receivables | $274M | $197M | $230M | $266M | $223M | $226M | $224M | $232M | $277M | $364M | · | $560M | $520M | $516M | · | $368M | |
| Inventory | $285M | $291M | $288M | $189M | $173M | $144M | $165M | $159M | $176M | $208M | · | $174M | $166M | $151M | · | $146M | |
| Prepaid Expense | $454M | $412M | $576M | $460M | $363M | $296M | $221M | $203M | $142M | $101M | · | $80M | $74M | $68M | · | $51M | |
| Current Assets | $1.95B | $1.83B | $2.61B | $2.39B | $2.29B | $2.20B | $2.33B | $2.36B | $2.24B | $2.30B | · | $2.60B | $2.56B | $2.51B | · | $1.98B | |
| PP&E (Net) | $136M | $139M | $137M | $131M | $137M | $142M | $148M | $148M | $152M | $158M | · | $173M | $152M | $133M | · | $92M | |
| PP&E (Gross) | · | · | $371M | · | · | · | $331M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $234M | · | · | · | $183M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $213M | $214M | $215M | $214M | $215M | $212M | $212M | $214M | $213M | $214M | $215M | $213M | $214M | $214M | $214M | $196M | |
| Intangibles | $13M | $18M | $22M | $27M | $32M | $37M | $42M | $51M | $57M | $63M | · | $79M | $86M | $93M | · | $91M | |
| Other Non-current Assets | $316M | $212M | $223M | $235M | $193M | $211M | $206M | $185M | $204M | $214M | · | $215M | $195M | $184M | · | $140M | |
| Total Assets | $2.92B | $2.72B | $3.51B | $3.32B | $3.18B | $3.11B | $3.25B | $3.26B | $3.17B | $3.23B | · | $3.55B | $3.47B | $3.38B | · | $2.70B | |
| Accounts Payable | $125M | $113M | $203M | $189M | $163M | $115M | $90M | $112M | $80M | $72M | · | $90M | $79M | $106M | · | $93M | |
| Accrued Liabilities | $189M | $196M | $217M | $208M | $207M | $212M | $197M | $190M | $198M | $234M | · | $435M | $425M | $397M | · | $256M | |
| Current Liabilities | $565M | $482M | $1.26B | $1.17B | $1.16B | $1.16B | $660M | $567M | $530M | $554M | · | $774M | $744M | $729M | · | $550M | |
| Capital Leases | $31M | $31M | $31M | $24M | $26M | $27M | $23M | $26M | $18M | $19M | · | $20M | $20M | $19M | · | $17M | |
| Other Non-current Liabilities | $66M | $65M | $65M | $58M | $60M | $61M | $55M | $62M | $53M | $52M | · | $54M | $50M | $47M | · | $25M | |
| Total Liabilities | $1.74B | $1.62B | $2.42B | $2.33B | $2.30B | $2.30B | $2.42B | $2.33B | $2.28B | $2.31B | · | $2.54B | $2.49B | $2.41B | · | $2.09B | |
| Long-term Debt | $573M | $573M | $1.20B | $1.20B | $1.20B | $1.20B | $1.30B | $1.30B | $1.30B | $1.30B | · | $1.29B | $1.29B | $1.29B | · | $1.29B | |
| Total Debt | $573M | $573M | · | $1.20B | $1.20B | $1.20B | · | $1.30B | $1.30B | $1.30B | · | $1.29B | $1.29B | $1.29B | · | $1.29B | |
| Common Stock | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | · | $1.0K | $1.0K | $1.0K | · | $1.0K | |
| Paid-in Capital | $1.36B | $1.32B | $1.29B | $1.23B | $1.18B | $1.13B | $1.08B | $1.03B | $993M | $941M | · | $899M | $858M | $813M | · | $762M | |
| Retained Earnings | $-175M | $-211M | $-204M | $-243M | $-309M | $-316M | $-245M | $-105M | $-101M | $-12M | · | $125M | $190M | $164M | · | $-136M | |
| Treasury Stock | · | · | · | · | · | · | · | · | · | · | · | $0 | $68M | · | · | · | |
| AOCI | $-8M | $-6M | $2M | $3M | $5M | $-2M | $-6M | $3M | $-8M | $-7M | · | $-10M | $-7M | $-7M | · | $-16M | |
| Stockholders' Equity | $1.18B | $1.10B | $1.09B | $995M | $881M | $811M | $833M | $931M | $885M | $923M | $984M | $1.01B | $973M | $970M | $826M | $610M | |
| Liabilities + Equity | $2.92B | $2.72B | $3.51B | $3.32B | $3.18B | $3.11B | $3.25B | $3.26B | $3.17B | $3.23B | · | $3.55B | $3.47B | $3.38B | · | $2.70B | |
| Shares Outstanding | 132,131,000 | 131,784,000 | 131,080,000 | 130,849,000 | 130,736,000 | 131,186,000 | 132,448,000 | 135,084,000 | 135,396,000 | 135,989,000 | 135,722,000 | 136,512,000 | 136,006,000 | 137,002,000 | 136,441,000 | 135,857,000 |
现金流 15
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $20M | $21M | $20M | $20M | $20M | $20M | $21M | $20M | $20M | $20M | $21M | $19M | $18M | $17M | $16M | $12M | |
| Stock-based Comp | $44M | $49M | $53M | $51M | $54M | $56M | $52M | $46M | $53M | $61M | $55M | $44M | $54M | $60M | $64M | $52M | |
| Amort. of Intangibles | $4M | $5M | $5M | $5M | $5M | $5M | $5M | $6M | $6M | $6M | · | $7M | $7M | $7M | · | $6M | |
| Restructuring | · | · | · | · | · | · | $9M | $677.0K | $1M | · | $15M | $0 | $177.0K | $693.0K | · | $594.0K | |
| Other Non-cash | · | $40M | · | · | · | $-57M | · | · | · | $-16M | · | · | · | $23M | · | · | |
| Operating Cash Flow | $40M | $103M | $48M | $14M | $27M | $48M | $167M | $170M | $127M | $49M | $35M | $146M | $269M | $246M | $254M | $188M | |
| CapEx | $14M | $20M | $10M | $8M | $8M | $15M | $8M | $9M | $10M | $7M | $20M | $24M | $44M | $22M | $16M | $9M | |
| Investing Cash Flow | $-10M | $576M | $24M | $21M | $-51M | $113M | $251M | $-112M | $-28M | $18M | $76M | $-15M | $-64M | $-364M | $-118M | $-338M | |
| Net Debt Issued | · | $0 | · | · | · | $-102M | · | · | · | · | · | · | · | · | · | · | |
| Stock Repurchased | $0 | $0 | $0 | $0 | $30M | $100M | $200M | $50M | $100M | $42M | $100M | $110M | $200M | $0 | $0 | $0 | |
| Net Stock Activity | · | $0 | · | · | · | $-100M | · | · | · | $-42M | · | · | · | · | · | · | |
| Financing Cash Flow | $2M | $-651M | $2M | $-2M | $-28M | $-214M | $-203M | $-56M | $-101M | $-101M | $-115M | $-118M | $-212M | $-72M | $-3M | $-4M | |
| Net Change in Cash | $32M | $23M | $72M | $31M | $-45M | $-49M | $208M | $4M | $-2M | $-35M | $-1M | $11M | $-7M | $-187M | $136M | $-158M | |
| Free Cash Flow | · | $83M | · | · | · | $34M | · | · | · | $42M | · | · | · | $224M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $39M | · | · | · | $222M | · | · |
盈利能力 8
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.0% | 35.5% | · | 47.8% | 46.9% | 47.2% | · | 46.8% | 45.2% | 43.9% | · | 47.5% | 45.5% | 45.0% | · | 42.2% | |
| Operating Margin | 17.6% | -10.5% | · | 16.1% | 10.2% | 9.0% | · | 13.1% | 0.59% | -11.1% | · | 21.4% | 23.9% | 23.1% | · | 21.3% | |
| Net Margin | 12.4% | -2.6% | · | 16.2% | 10.2% | 8.3% | · | 12.0% | 3.6% | -6.1% | · | 20.7% | 22.1% | 20.2% | · | 18.1% | |
| Pretax Margin | 21.2% | -4.9% | · | 18.8% | 11.6% | 13.2% | · | 13.3% | 3.7% | -4.4% | · | 24.9% | 26.0% | 24.6% | · | 21.1% | |
| EBITDA Margin | 17.6% | -3.1% | · | 16.1% | 10.2% | 14.6% | · | 13.1% | 0.59% | -3.4% | · | 21.4% | 23.9% | 25.4% | · | 21.3% | |
| ROA | 1.2% | -0.25% | · | 2.0% | 1.2% | 0.94% | · | 1.3% | 0.33% | -0.49% | · | 3.6% | 5.3% | 5.3% | · | 4.7% | |
| ROE | 3.5% | -0.77% | · | 6.9% | 4.2% | 3.4% | · | 4.7% | 1.2% | -1.7% | · | 14.0% | 22.1% | 17.2% | · | 18.3% | |
| ROIC | 1.7% | -0.95% | · | 2.6% | 1.6% | 1.0% | · | 2.0% | 0.08% | -1.8% | · | 4.2% | 6.4% | 6.1% | · | 6.1% |
流动性与偿付能力 5
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.5 | 3.8 | · | 2.0 | 2.0 | 1.9 | · | 4.2 | 4.2 | 4.2 | · | 3.4 | 3.4 | 3.4 | · | 3.6 | |
| Quick Ratio | 2.1 | 2.3 | · | 1.5 | 1.5 | 1.5 | · | 3.5 | 3.6 | 3.6 | · | 3.0 | 3.1 | 3.1 | · | 3.2 | |
| Debt / Equity | 0.5 | 0.5 | · | 1.2 | 1.4 | 1.5 | · | 1.4 | 1.5 | 1.4 | · | 1.3 | 1.3 | 1.3 | · | 2.1 | |
| LT Debt / Equity | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.7 | · | 1.3 | 1.4 | 1.3 | · | 1.2 | 1.2 | 1.2 | · | 2.0 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -13.3 | · | 53.7 | 76.8 | 77.8 | · | 60.1 |
效率 3
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.2 | 0.3 | · | 0.3 | |
| Inventory Turnover | 0.5 | 0.8 | · | 1.2 | 1.1 | 1.1 | · | 1.2 | 1.0 | 0.8 | · | 1.8 | 2.6 | 4.3 | · | 3.5 | |
| Receivables Turnover | 1.2 | 1.3 | · | 1.6 | 1.5 | 1.2 | · | 1.0 | 0.8 | 0.6 | · | 1.2 | 1.7 | 1.9 | · | 2.0 |
估值 (TTM) 14
| 指标 | 趋势 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.35B | $1.41B | · | $1.51B | $1.40B | $1.30B | · | $1.50B | $1.83B | $2.25B | · | $2.62B | $2.60B | $2.33B | · | $1.96B | |
| Net Income TTM | $132M | $126M | · | $179M | $123M | $70M | · | $154M | $266M | $402M | · | $533M | $496M | $390M | · | $265M | |
| Market Cap | $6.51B | $4.98B | · | $4.63B | $5.18B | $8.14B | · | $15.27B | $13.50B | $16.45B | · | $16.40B | $22.78B | $28.81B | · | $37.70B | |
| Enterprise Value | $6.14B | $4.62B | · | $4.36B | $4.86B | $7.88B | · | $14.80B | $13.15B | $16.12B | · | $15.91B | $22.27B | $28.32B | · | $37.57B | |
| P/E | 49.7 | 40.2 | · | 26.6 | 43.6 | 121.7 | · | 103.7 | 53.9 | 43.4 | · | · | · | · | · | · | |
| P/S | 4.8 | 3.5 | · | 3.1 | 3.7 | 6.2 | · | 10.2 | 7.4 | 7.3 | · | 6.3 | 8.8 | 12.4 | · | 19.3 | |
| P/B | 5.5 | 4.5 | · | 4.7 | 5.9 | 10.0 | · | 16.4 | 15.3 | 17.8 | · | 16.2 | 23.4 | 29.7 | · | 61.8 | |
| P / Tangible Book | 6.8 | 5.7 | · | 6.1 | 8.2 | 14.5 | · | 22.9 | 22.0 | 25.4 | · | 22.7 | 33.9 | 43.4 | · | 116.5 | |
| P / Cash Flow | · | 48.4 | · | · | · | 168.1 | · | · | · | 334.4 | · | · | · | 117.0 | · | · | |
| P / FCF | · | 60.1 | · | · | · | 240.8 | · | · | · | 393.3 | · | · | · | 128.8 | · | · | |
| EV / EBITDA | 119.2 | -523.9 | · | 65.8 | 131.2 | 151.9 | · | 297.3 | 7310.7 | -1798.5 | · | 134.8 | 130.8 | 153.7 | · | 277.4 | |
| EV / FCF | · | 55.7 | · | · | · | 233.0 | · | · | · | 385.3 | · | · | · | 126.6 | · | · | |
| EV / Revenue | 4.6 | 3.3 | · | 2.9 | 3.5 | 6.0 | · | 9.9 | 7.2 | 7.2 | · | 6.1 | 8.6 | 12.1 | · | 19.2 | |
| Earnings Yield | 2.0% | 2.5% | · | 3.8% | 2.3% | 0.82% | · | 0.96% | 1.9% | 2.3% | · | · | · | · | · | · |
财务报表 损益表、资产负债表、现金流量表 — 年度，近5年
损益表
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-03-31 | |
|---|---|---|---|---|---|
| 收入 | $1.47B | $1.33B | $2.29B | $2.33B | — |
| 毛利率 % | 46.6% | 47.3% | 46.2% | 41.8% | — |
| 营业利润率 % | 10.7% | 5.8% | 19.5% | 19.2% | — |
| 净收入 | $172M | $103M | $439M | $397M | — |
| 稀释后每股收益 (EPS) | $1.29 | $0.75 | $3.08 | $2.77 | — |
资产负债表
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-03-31 | |
|---|---|---|---|---|---|
| 负债/股东权益比率 | 1.1 | 1.6 | 1.3 | 1.6 | — |
| 流动比率 | 2.1 | 3.5 | 4.6 | 3.5 | — |
| 速动比率 | 1.4 | 2.8 | 4.0 | 3.2 | — |
现金流
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-03-31 | |
|---|---|---|---|---|---|
| 自由现金流 | $96M | $480M | $586M | $698M | — |
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机构持有人 (13F) 644 家申报者 · $5.0B 总计 · 截至 2026年6月30日
在其季度SEC表格13F中报告持有此股票的机构。仅限多头头寸；单个申报人可能因单独的期权腿而出现两次。 大的抵消性看跌/看涨腿通常反映做市或对冲库存，而非方向性判断。
机构活动 — Q2 2026 与上一季度对比
| 新仓位 | 已退出持仓 | 增加 | 减少 | 净股数变动 |
|---|---|---|---|---|
| 144 (+41 与上一季度对比) | 78 (+19 与上一季度对比) | 149 (-22 与上一季度对比) | 213 (+25 与上一季度对比) | +1.3M |
与Q1 2026对比。 SEC 13F表格的提交截止日期是季度末后45天，外加少量延迟提交的缓冲期——在此窗口期内的季度将被跳过，优先显示最近一个已完整报告的季度对。
| 机构 | 价值 | 股份 | % 已追踪的13F | 类型 |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $446443077 | 9066675 | 9.01% | 股份 |
| VANGUARD CAPITAL MANAGEMENT LLC | $282186118 | 5730831 | 5.69% | 股份 |
| STATE STREET CORP | $233723224 | 4746613 | 4.72% | 股份 |
| TWO SIGMA INVESTMENTS, LP | $229246274 | 4655692 | 4.63% | 股份 |
| JANE STREET GROUP, LLC | $193823412 | 3936300 | 3.91% | 卖出期权 |
| JANE STREET GROUP, LLC | $176914396 | 3592900 | 3.57% | 买入期权 |
| GILDER GAGNON HOWE & CO LLC | $171304040 | 3478961 | 3.46% | 股份 |
| Slate Path Capital LP | $127392251 | 2587170 | 2.57% | 股份 |
| FIRST TRUST ADVISORS LP | $112404333 | 2282785 | 2.27% | 股份 |
| Robeco Schweiz AG | $101520323 | 2061745 | 2.05% | 股份 |
| GEODE CAPITAL MANAGEMENT, LLC | $100056341 | 2031407 | 2.02% | 股份 |
| CITADEL ADVISORS LLC | $91561780 | 1859500 | 1.85% | 买入期权 |
| DIMENSIONAL FUND ADVISORS LP | $90146425 | 1830756 | 1.82% | 股份 |
| CITADEL ADVISORS LLC | $84988240 | 1726000 | 1.71% | 卖出期权 |
| TWO SIGMA ADVISERS, LP | $84327043 | 2631109 | 1.70% | 股份 |
| COATUE MANAGEMENT LLC | $76663775 | 1556941 | 1.55% | 股份 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $75014973 | 1523456 | 1.51% | 股份 |
| NORGES BANK | $71871393 | 1459614 | 1.45% | 股份 |
| MILLENNIUM MANAGEMENT LLC | $71069175 | 1443322 | 1.43% | 股份 |
| GOLDMAN SACHS GROUP INC | $69445782 | 1410353 | 1.40% | 股份 |
| FMR LLC | $67030904 | 1361310 | 1.35% | 股份 |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $66606702 | 1352695 | 1.34% | 股份 |
| Amundi | $62502154 | 1269337 | 1.26% | 股份 |
| NOMURA HOLDINGS INC | $60565200 | 1230000 | 1.22% | 买入期权 |
| Driehaus Capital Management LLC | $52190904 | 1059929 | 1.05% | 股份 |
| PeakShares LLC | $49240000 | 1000 | 0.99% | 股份 |
| UBS Group AG | $46585964 | 946100 | 0.94% | 卖出期权 |
| VANGUARD FIDUCIARY TRUST CO | $40768209 | 827949 | 0.82% | 股份 |
| UBS Group AG | $40598725 | 824507 | 0.82% | 买入期权 |
| NOMURA HOLDINGS INC | $38186703 | 775522 | 0.77% | 股份 |
| Arosa Capital Management LP | $32744600 | 665000 | 0.66% | 买入期权 |
| Palo Duro Investment Partners, LP | $32665274 | 663389 | 0.66% | 股份 |
| D. E. Shaw & Co., Inc. | $31660975 | 642993 | 0.64% | 股份 |
| CITADEL ADVISORS LLC | $30121093 | 611720 | 0.61% | 股份 |
| D. E. Shaw & Co., Inc. | $28889108 | 586700 | 0.58% | 买入期权 |
| Capital World Investors | $27700307 | 562557 | 0.56% | 股份 |
| VANGUARD GROUP INC | $26016395 | 811744 | 0.52% | 股份 |
| Point72 Asset Management, L.P. | $25742672 | 522800 | 0.52% | 买入期权 |
| Zurich Insurance Group Ltd/FI | $24415752 | 495852 | 0.49% | 股份 |
| GOLDMAN SACHS GROUP INC | $24216232 | 491800 | 0.49% | 卖出期权 |
| WOLVERINE TRADING, LLC | $22467016 | 622700 | 0.45% | 买入期权 |
| Public Sector Pension Investment Board | $22298334 | 452850 | 0.45% | 股份 |
| ROYAL LONDON ASSET MANAGEMENT LTD | $19739380 | 400881 | 0.40% | 股份 |
| Walleye Trading LLC | $18903236 | 383900 | 0.38% | 卖出期权 |
| BOURGEON CAPITAL MANAGEMENT LLC | $18559984 | 376929 | 0.37% | 股份 |
| Swedbank AB | $17134584 | 347981 | 0.35% | 股份 |
| Pembroke Management, LTD | $17030639 | 345870 | 0.34% | 股份 |
| HITE Hedge Asset Management LLC | $16568423 | 336483 | 0.33% | 股份 |
| Freestone Grove Partners LP | $16476689 | 334620 | 0.33% | 股份 |
| DNB Asset Management AS | $16195725 | 328914 | 0.33% | 股份 |
| Squarepoint Ops LLC | $15448804 | 313745 | 0.31% | 股份 |
| TUDOR INVESTMENT CORP ET AL | $15141300 | 307500 | 0.31% | 卖出期权 |
| Alyeska Investment Group, L.P. | $15128153 | 307233 | 0.31% | 股份 |
| Qube Research & Technologies Ltd | $15057592 | 305800 | 0.30% | 买入期权 |
| RENAISSANCE TECHNOLOGIES LLC | $14594736 | 296400 | 0.29% | 股份 |
| WOLVERINE ASSET MANAGEMENT LLC | $14058020 | 285500 | 0.28% | 卖出期权 |
| Trexquant Investment LP | $13854905 | 281375 | 0.28% | 股份 |
| Walleye Trading LLC | $13777352 | 279800 | 0.28% | 买入期权 |
| WESTERLY CAPITAL MANAGEMENT, LLC | $13541000 | 275000 | 0.27% | 股份 |
| IMC-Chicago, LLC | $13393723 | 272009 | 0.27% | 股份 |
| FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. | $13281057 | 269721 | 0.27% | 股份 |
| CHOREO, LLC | $13260563 | 269305 | 0.27% | 股份 |
| RHUMBLINE ADVISERS | $12934365 | 262681 | 0.26% | 股份 |
| Swiss National Bank | $12694072 | 257800 | 0.26% | 股份 |
| AGF MANAGEMENT LTD | $12681270 | 257540 | 0.26% | 股份 |
| AMERIPRISE FINANCIAL INC | $12616765 | 256230 | 0.25% | 股份 |
| BANK OF AMERICA CORP /DE/ | $12573187 | 255345 | 0.25% | 股份 |
| NOMURA HOLDINGS INC | $12447872 | 252800 | 0.25% | 卖出期权 |
| DEUTSCHE BANK AG\ | $11919970 | 242079 | 0.24% | 股份 |
| WELLS FARGO & COMPANY/MN | $11714196 | 237900 | 0.24% | 买入期权 |
| Lombard Odier Asset Management (Europe) Ltd | $11511721 | 233788 | 0.23% | 股份 |
| CAPITAL FUND MANAGEMENT S.A. | $10994307 | 223280 | 0.22% | 股份 |
| SIR Capital Management, L.P. | $10857814 | 220508 | 0.22% | 股份 |
| ARDSLEY ADVISORY PARTNERS LP | $10782200 | 220000 | 0.22% | 股份 |
| BNP PARIBAS FINANCIAL MARKETS | $10735354 | 218021 | 0.22% | 股份 |
| WELLS FARGO & COMPANY/MN | $10576752 | 214800 | 0.21% | 卖出期权 |
| Parallax Volatility Advisers, L.P. | $10517664 | 213600 | 0.21% | 买入期权 |
| Caption Management, LLC | $10379792 | 210800 | 0.21% | 卖出期权 |
| Cubist Systematic Strategies, LLC | $10202019 | 288274 | 0.21% | 股份 |
| Kimelman & Baird, LLC | $10086224 | 204838 | 0.20% | 股份 |
| BlackRock, Inc. | $10035210 | 203802 | 0.20% | 股份 |
| WOLVERINE TRADING, LLC | $10015808 | 277600 | 0.20% | 卖出期权 |
| Legal & General Group Plc | $9986955 | 202822 | 0.20% | 股份 |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $9873757 | 199301 | 0.20% | 股份 |
| LPL Financial LLC | $9805980 | 199147 | 0.20% | 股份 |
| Graham Capital Management, L.P. | $9799646 | 199018 | 0.20% | 股份 |
| Point72 Asset Management, L.P. | $9409764 | 191100 | 0.19% | 卖出期权 |
| MILLENNIUM MANAGEMENT LLC | $9065084 | 184100 | 0.18% | 买入期权 |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $9022048 | 183226 | 0.18% | 股份 |
| TUDOR INVESTMENT CORP ET AL | $8889593 | 180536 | 0.18% | 股份 |
| Mediolanum International Funds Ltd | $8855598 | 183194 | 0.18% | 股份 |
| PEAK6 LLC | $8804112 | 178800 | 0.18% | 买入期权 |
| Engineers Gate Manager LP | $8670179 | 176080 | 0.17% | 股份 |
| Parallax Volatility Advisers, L.P. | $8474204 | 172100 | 0.17% | 卖出期权 |
| WELLINGTON MANAGEMENT GROUP LLP | $8186396 | 166255 | 0.17% | 股份 |
| MARSHALL WACE, LLP | $7765886 | 157715 | 0.16% | 股份 |
| WOLVERINE ASSET MANAGEMENT LLC | $7699610 | 156369 | 0.16% | 股份 |
| ALPS ADVISORS INC | $7629443 | 154944 | 0.15% | 股份 |
| California Public Employees Retirement System | $7369160 | 149658 | 0.15% | 股份 |
| Clear Harbor Asset Management, LLC | $7301110 | 148276 | 0.15% | 股份 |
公司内部人士 25 位内幕人士 · 11 位高管 · 12 位董事
| 内部人士 | 角色 | 上次活动 | 持股数量 | 买入 12个月 | 卖出 12个月 | 净额 12个月 |
|---|---|---|---|---|---|---|
| Paul B Nahi | President and CEO | 2016年11月16日 S | 523007 | 0 | 0 | $0 |
| Humberto Garcia | VP and CFO | 2016年11月16日 S | 66125 | 0 | 0 | $0 |
| Kris Sennesael | VP and CFO | 2016年3月29日 A | 314924 | 0 | 0 | $0 |
| Jeff Loebbaka | VP, Worldwide Sales | 2015年6月17日 A | 98062 | 0 | 0 | $0 |
| Raghuveer R Belur | VP, Products and Strat. Init | 2012年11月20日 P | 9420 | 0 | 0 | $0 |
| Ciaran Fox | VP, Quality & Reliability | 2012年11月16日 P | 3000 | 0 | 0 | $0 |
| Bill Rossi | Chief Marketing Officer | 2012年11月16日 P | 3494 | 0 | 0 | $0 |
| Stephen A Lapointe | VP, Global Human Resources | 2012年9月19日 A | — | 0 | 0 | $0 |
| Greg Steele | Sr. VP, Operations | 2012年6月15日 A | 7000 | 0 | 0 | $0 |
| Dennis Hollenbeck | Vice President of Engineering | 2012年5月11日 A | — | 0 | 0 | $0 |
| Martin Fornage | Chief Technology Officer | 2012年5月11日 A | 1619 | 0 | 0 | $0 |
| Shanker Trivedi | 董事 | 2026年6月12日 P | 1000 | 1 | 0 | $53910 |
| Steven J Gomo | 董事 | 2026年5月13日 A | 14359 | 0 | 0 | $0 |
| Thurman J. Rodgers | 董事 | 2026年5月13日 A | 8542 | 0 | 2 | $-10354972 |
| Benjamin John Kortlang | 董事 | 2016年9月23日 P | 852614 | 0 | 0 | $0 |
| John Howard Weber | 董事 | 2016年4月28日 A | — | 0 | 0 | $0 |
| Neal Dempsey | 董事 | 2016年4月28日 A | 16486 | 0 | 0 | $0 |
| Jameson J Mcjunkin | 董事 | 2015年4月30日 A | 4338287 | 0 | 0 | $0 |
| Robert S Schwartz | 董事 | 2014年8月19日 S | 43463 | 0 | 0 | $0 |
| Stoddard Moran Wilson | 董事 | 2014年2月21日 S | 4171132 | 0 | 0 | $0 |
| Chong Sup Park | 董事 | 2013年5月2日 A | — | 0 | 0 | $0 |
| Madrone Partners, L.P. | 10% 所有者 | 2014年8月19日 S | 4338287 | 0 | 0 | $0 |
| RockPort Capital Partners II, LP | 10% 所有者 | 2014年2月21日 S | 4171132 | 0 | 0 | $0 |
| Richard Mora | — | 2026年8月14日 S | 10422 | 0 | 3 | $-179000 |
| Jamie Elizabeth Haenggi | — | 2026年5月13日 A | 20898 | 0 | 0 | $0 |
来自SEC表格3/4/5申报的内部人士；净额=仅公开市场买卖
激进投资者及 5%+ 股东 4 持仓
提交了 SEC Schedule 13D 的投资者 — 持有超过 5% 的受益所有权，意图影响发行人（激进股东持股、董事会活动、并购）。每一行显示该申报人持仓的最新已知状态。
| 申报人 | 已申报 | 持股 | 状态 | 目的 | 申报 |
|---|---|---|---|---|---|
| SunPower Corporation, SunPower Equity Holdings, LLC ×4 申报 | 2020年3月12日 | — | 初始申报 | — | SEC |
| KPCB Green Growth Fund, LLC (“KPCB GGF”), KPCB GGF Associates, LLC ×3 申报 | 2018年2月14日 | — | 初始申报 | — | SEC |
| Third Point LLC, Daniel S. Loeb, Third Point Advisors II L.L.C. ×5 申报 | 2017年5月15日 | — | 初始申报 | — | SEC |
| Madrone Partners, L.P., Madrone Capital Partners, L.L.C., Jameson McJunkin ×3 申报 | 2014年8月21日 | — | 初始申报 | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF持仓 由 94 只交易所交易基金持有
权重仅反映直接股权持仓（N-PORT）；杠杆基金或基于衍生品的基金可能持有未显示的额外掉期敞口。
| 基金 | 权重 | 单位 | 截至 | 来源 |
|---|---|---|---|---|
| ACES · ALPS ETF Trust | 6.53% | 138759 NS | 2026年5月31日 | N-PORT |
| CTEX · ProShares Trust | 5.51% | 5946 NS | 2026年5月31日 | N-PORT |
| CTEC · Global X Funds | 5.47% | 27080 NS | 2026年5月31日 | N-PORT |
| VCLN · Virtus ETF Trust II | 3.03% | 5870 NS | 2026年4月30日 | N-PORT |
| SCOW · Pacer Funds Trust | 2.38% | 1113 NS | 2026年4月30日 | N-PORT |
| POW · Tidal Trust III | 0.93% | 9224 NS | 2026年5月31日 | N-PORT |
| FXN · First Trust Exchange-Traded Alpha... | 0.73% | 266539 NS | 2026年4月30日 | N-PORT |
| FWD · AB Active ETFs, Inc. | 0.47% | 198234 NS | 2026年5月31日 | N-PORT |
| TMFX · RBB Fund, Inc. | 0.45% | 2132 NS | 2026年5月31日 | N-PORT |
| CCNR · Financial Investors Trust | 0.43% | 51960 NS | 2026年4月30日 | N-PORT |
| SAA · ProShares Trust | 0.40% | 1567 NS | 2026年5月31日 | N-PORT |
| CCSO · Tidal Trust II | 0.35% | 4972 NS | 2026年4月30日 | N-PORT |
| NUSC · Nushares ETF Trust | 0.35% | 136784 NS | 2026年4月30日 | N-PORT |
| FLCC · Federated Hermes ETF Trust | 0.28% | 5051 NS | 2026年5月31日 | N-PORT |
| JSMD · Janus Detroit Street Trust | 0.26% | 77351 NS | 2026年4月30日 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.25% | 323333 NS | 2026年5月31日 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.19% | 628492 NS | 2026年5月31日 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.19% | 4594 NS | 2026年4月30日 | N-PORT |
| ESSC · Strategy Shares | 0.16% | 1246 NS | 2026年4月30日 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund ... | 0.09% | 53222 NS | 2026年4月30日 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.07% | 384252 NS | 2026年4月30日 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.07% | 299068 NS | 2026年4月30日 | N-PORT |
| FLCG · Federated Hermes ETF Trust | 0.07% | 5651 NS | 2026年5月31日 | N-PORT |
| FNX · First Trust Exchange-Traded Alpha... | 0.06% | 24006 NS | 2026年4月30日 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.05% | 4969 NS | 2026年5月31日 | N-PORT |
| GGUS · Goldman Sachs ETF Trust | 0.03% | 2240 NS | 2026年5月31日 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.03% | 3633 NS | 2026年4月30日 | N-PORT |
| USD · ProShares Trust | 0.02% | 8689 NS | 2026年5月31日 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.02% | 3333 NS | 2026年5月31日 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.02% | 1114 NS | 2026年5月31日 | N-PORT |
| VEGN · ETF Series Solutions | 0.01% | 668 NS | 2026年4月30日 | N-PORT |
| QRFT · Exchange Listed Funds Trust | 0.01% | 62 NS | 2026年4月30日 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 8277 NS | 2026年4月30日 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 20938 NS | 2026年5月31日 | N-PORT |
| SCHK · SCHWAB STRATEGIC TRUST | 0.01% | 10797 NS | 2026年5月31日 | N-PORT |
| GUSA · Goldman Sachs ETF Trust II | 0.01% | 4354 NS | 2026年5月31日 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.01% | 77639 NS | 2026年5月31日 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 145184 NS | 2026年4月30日 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 7823 NS | 2026年4月30日 | N-PORT |
| MSLC · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 4833 NS | 2026年5月31日 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 5082 NS | 2026年4月30日 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 33118 NS | 2026年4月30日 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 12632 NS | 2026年4月30日 | N-PORT |
| EBI · RBB Fund Trust | 0.00% | 69 NS | 2026年5月31日 | N-PORT |
| AVLC · AMERICAN CENTURY ETF TRUST | 0.00% | 137 NS | 2026年5月31日 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 155 NS | 2026年4月30日 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | 2026年7月15日 | 每日 |
| VB · VANGUARD INDEX FUNDS | — | — | 2026年7月15日 | 每日 |
| VBR · VANGUARD INDEX FUNDS | — | — | 2026年7月15日 | 每日 |
| VTI · VANGUARD INDEX FUNDS | — | — | 2026年7月15日 | 每日 |