Enphase Energy, Inc. (BVL:ENPH)

Enphase Energy Ratios and Metrics

Market cap in millions PEN. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 9, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	19,629	14,362	31,096	61,308	123,584	83,735
Market Cap Growth	-37.79%	-53.82%	-49.28%	-50.39%	47.59%	8.24%
Enterprise Value	18,705	11,146	29,656	59,937	122,170	83,512
PE Ratio	33.90	24.84	91.57	42.90	95.65	179.35
Forward PE	19.48	15.57	20.07	39.24	52.35	66.66
PS Ratio	3.96	2.85	6.84	7.83	15.51	17.72
PB Ratio	5.37	3.86	10.92	18.23	43.79	56.94
P/TBV Ratio	5.11	3.98	11.54	19.25	46.34	60.76
P/FCF Ratio	60.84	43.81	18.95	30.58	51.77	81.71
P/OCF Ratio	42.73	30.77	17.71	25.74	48.54	69.58
EV/Sales Ratio	3.70	2.21	6.52	7.65	15.33	17.68
EV/EBITDA Ratio	21.71	13.69	54.67	33.69	70.48	99.03
EV/EBIT Ratio	33.07	20.70	112.24	39.33	79.73	113.19
EV/FCF Ratio	57.98	34.00	18.07	29.90	51.17	81.49
Debt / Equity Ratio	0.53	0.53	1.44	1.32	1.45	2.21
Debt / EBITDA Ratio	5.06	5.06	8.21	2.49	2.55	4.21
Debt / FCF Ratio	12.56	12.56	2.71	2.21	1.85	3.46
Net Debt / Equity Ratio	-0.28	-0.28	-0.38	-0.41	-0.39	0.05
Net Debt / EBITDA Ratio	-1.29	-1.29	-2.02	-0.77	-0.64	0.09
Net Debt / FCF Ratio	-3.22	-3.22	-0.67	-0.68	-0.46	0.07
Asset Turnover	0.44	0.44	0.40	0.71	0.90	0.84
Inventory Turnover	3.47	3.47	3.70	6.78	12.10	14.25
Quick Ratio	1.38	1.38	2.80	4.02	3.22	3.07
Current Ratio	2.07	2.07	3.53	4.59	3.55	3.33
Return on Equity (ROE)	17.93%	17.93%	11.30%	48.52%	63.29%	31.82%
Return on Assets (ROA)	3.92%	3.92%	1.99%	11.79%	15.26%	15.83%
Return on Invested Capital (ROIC)	9.08%	9.08%	4.98%	32.31%	42.80%	44.66%
Return on Capital Employed (ROCE)	6.51%	6.51%	2.84%	16.83%	21.94%	18.72%
Earnings Yield	2.95%	4.02%	1.09%	2.33%	1.05%	0.56%
FCF Yield	1.64%	2.28%	5.28%	3.27%	1.93%	1.22%
Buyback Yield / Dilution	3.32%	3.32%	5.06%	2.88%	0.05%	2.13%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.