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Enphase Energy, Inc. (ENPH)
NASDAQ: ENPH · Real-Time Price · USD
32.81
-0.10 (-0.30%)
At close: Oct 9, 2026, 4:00 PM EDT
32.74
-0.07 (-0.21%)
After-hours: Oct 9, 2026, 7:59 PM EDT

Enphase Energy Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,3291,4731,3302,2912,3311,382
Revenue Growth
-10.41%10.72%-41.93%-1.72%68.65%78.46%
Gross Profit
399.04448.3471.641,058974.6554.42
Operating Income
115.91164.6690.45461.43452.85220.73
Net Income
134.02172.13102.66438.94397.36145.45
Earnings Per Share
1.011.290.753.082.771.02
EPS Growth
-20.51%71.86%-75.63%11.23%171.79%7.81%

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
US
1,1151,189934.691,4691,7621,109
International
213.6284.27395.69821.68569.01273.25
Revenue (Total)
1,3291,4731,3302,2912,3311,382

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
937.711,5131,6231,6951,6131,017
Total Debt
613.371,2441,3311,3181,3151,053
Net Cash (Debt)
324.34269.07291.35377.27298.04-36.75
Net Cash Growth
9.78%-7.65%-22.78%26.59%--
Net Cash Per Share
2.431.992.082.632.06-0.26

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
204.69136.54513.69696.78744.82352.03
Capital Expenditures
-52.06-40.64-33.6-110.4-46.44-52.26
Free Cash Flow
152.6395.9480.09586.38698.37299.77
Free Cash Flow Growth
-59.08%-80.02%-18.13%-16.04%132.97%53.12%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
30.04%30.44%35.45%46.20%41.81%40.12%
Operating Margin
8.72%11.18%6.80%20.14%19.43%15.97%
Pretax Margin
12.33%13.90%9.03%22.40%19.39%8.75%
Profit Margin
10.09%11.69%7.72%19.16%17.05%10.52%
FCF Margin
11.49%6.51%36.09%25.60%29.96%21.69%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
32.3524.3790.3940.9890.63169.69
Forward PE
16.9615.5720.0739.2452.3566.66
P/FCF Ratio
28.4143.7319.3330.6851.5782.33
PS Ratio
3.262.856.987.8515.4517.86