Enphase Energy, Inc. (VIE:ENPH)

Enphase Energy Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	4,547	3,615	7,827	15,431	31,105	21,075
Market Cap Growth	-46.17%	-53.82%	-49.28%	-50.39%	47.59%	8.24%
Enterprise Value	4,315	2,805	7,464	15,085	30,749	21,019
PE Ratio	31.02	24.84	91.57	42.90	95.65	179.35
Forward PE	17.98	15.57	20.07	39.24	52.35	66.66
PS Ratio	3.62	2.85	6.84	7.83	15.51	17.72
PB Ratio	4.91	3.86	10.92	18.23	43.79	56.94
P/TBV Ratio	4.27	3.98	11.54	19.25	46.34	60.76
P/FCF Ratio	55.67	43.81	18.95	30.58	51.77	81.71
P/OCF Ratio	39.10	30.77	17.71	25.74	48.54	69.58
EV/Sales Ratio	3.40	2.21	6.52	7.65	15.33	17.68
EV/EBITDA Ratio	19.95	13.69	54.67	33.69	70.48	99.03
EV/EBIT Ratio	30.40	20.70	112.24	39.33	79.73	113.19
EV/FCF Ratio	52.83	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	3.22%	4.02%	1.09%	2.33%	1.05%	0.56%
FCF Yield	1.80%	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.