Enphase Energy, Inc. (ENPH)

Enphase Energy Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	6,186	4,194	9,279	17,988	36,014	24,681
Market Cap Growth	-27.14%	-54.80%	-48.42%	-50.05%	45.92%	11.34%
Enterprise Value	5,877	3,950	8,845	17,521	35,906	24,330
Last Close Price	47.27	32.05	68.68	132.14	264.96	182.94
PE Ratio	36.64	24.37	90.39	40.98	90.63	169.69
Forward PE	21.15	15.57	20.07	39.24	52.35	66.66
PS Ratio	4.21	2.85	6.98	7.85	15.45	17.86
PB Ratio	5.70	3.86	11.14	18.29	43.62	57.38
P/TBV Ratio	7.28	4.93	16.68	26.64	73.01	178.13
P/FCF Ratio	64.50	43.73	19.33	30.68	51.57	82.33
P/OCF Ratio	45.30	30.72	18.06	25.82	48.35	70.11
EV/Sales Ratio	3.99	2.68	6.65	7.65	15.41	17.60
EV/EBITDA Ratio	23.96	16.10	54.24	33.29	70.18	96.71
EV/EBIT Ratio	35.69	23.99	97.79	37.97	79.29	110.22
EV/FCF Ratio	61.28	41.19	18.42	29.88	51.41	81.16
Debt / Equity Ratio	1.11	1.11	1.60	1.34	1.59	2.45
Debt / EBITDA Ratio	4.91	4.91	7.65	2.46	2.53	4.07
Debt / FCF Ratio	12.56	12.56	2.77	2.25	1.88	3.51
Asset Turnover	0.44	0.44	0.40	0.71	0.90	0.84
Inventory Turnover	3.47	3.47	4.54	7.08	12.10	14.25
Quick Ratio	1.38	1.38	2.88	4.11	3.27	3.13
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)	3.04%	3.04%	1.70%	8.92%	10.96%	8.41%
Return on Invested Capital (ROIC)	18.10%	20.96%	13.46%	69.62%	80.06%	70.96%
Return on Capital Employed (ROCE)	7.30%	7.30%	3.50%	16.20%	18.50%	13.50%
Earnings Yield	2.78%	4.10%	1.11%	2.44%	1.10%	0.59%
FCF Yield	1.55%	2.29%	5.17%	3.26%	1.94%	1.21%
Buyback Yield / Dilution	3.66%	3.66%	2.29%	0.76%	-1.06%	-0.68%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q