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Enphase Energy, Inc. (ENPH)
NASDAQ: ENPH · Real-Time Price · USD
25.65
-0.21 (-0.81%)
At close: Oct 30, 2026, 4:00 PM EDT
25.66
+0.01 (0.04%)
After-hours: Oct 30, 2026, 7:59 PM EDT

Enphase Energy Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,2111,4731,3302,2912,3311,382
Revenue Growth
-19.90%10.72%-41.93%-1.72%68.65%78.46%
Gross Profit
295.23448.3471.641,058974.6554.42
Operating Income
11.17164.6690.45461.43452.85220.73
Net Income
90.77172.13102.66438.94397.36145.45
Earnings Per Share
0.681.290.753.082.771.02
EPS Growth
-52.72%71.86%-75.63%11.23%171.79%7.81%

Revenue by Segment
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
US
998.411,189934.691,4691,7621,109
International
212.99284.27395.69821.68569.01273.25
Revenue (Total)
1,2111,4731,3302,2912,3311,382

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
931.851,5131,6231,6951,6131,017
Total Debt
614.561,2441,3311,3181,3151,053
Net Cash (Debt)
317.29269.07291.35377.27298.04-36.75
Net Cash Growth
29.88%-7.65%-22.78%26.59%--
Net Cash Per Share
2.331.992.082.632.06-0.26

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
190.86136.54513.69696.78744.82352.03
Capital Expenditures
-55.49-40.64-33.6-110.4-46.44-52.26
Free Cash Flow
135.3795.9480.09586.38698.37299.77
Free Cash Flow Growth
-37.70%-80.02%-18.13%-16.04%132.97%53.12%

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
24.37%30.44%35.45%46.20%41.81%40.12%
Operating Margin
0.92%11.18%6.80%20.14%19.43%15.97%
Pretax Margin
6.87%13.90%9.03%22.40%19.39%8.75%
Profit Margin
7.49%11.69%7.72%19.16%17.05%10.52%
FCF Margin
11.18%6.51%36.09%25.60%29.96%21.69%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
37.6324.3790.3940.9890.63169.69
Forward PE
25.0915.5720.0739.2452.3566.66
P/FCF Ratio
25.0743.7319.3330.6851.5782.33
PS Ratio
2.802.856.987.8515.4517.86