Enphase Energy Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 8, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	4,337	4,201	9,097	17,934	36,151	24,495
Market Cap Growth	-46.80%	-53.82%	-49.28%	-50.39%	47.59%	8.24%
Enterprise Value	3,953	3,260	8,675	17,533	35,738	24,430
Last Close Price	32.91	32.05	68.68	132.14	264.96	182.94
PE Ratio	25.50	24.85	91.57	42.90	95.65	179.35
Forward PE	14.88	15.57	20.07	39.24	52.35	66.66
PS Ratio	2.87	2.85	6.84	7.83	15.51	17.72
PB Ratio	3.86	3.86	10.92	18.23	43.79	56.94
P/TBV Ratio	4.07	3.98	11.54	19.25	46.34	60.76
P/FCF Ratio	44.03	43.81	18.95	30.58	51.77	81.71
P/OCF Ratio	30.92	30.77	17.71	25.74	48.54	69.58
EV/Sales Ratio	2.68	2.21	6.52	7.65	15.33	17.68
EV/EBITDA Ratio	16.55	13.69	54.67	33.69	70.48	99.03
EV/EBIT Ratio	24.01	20.70	112.24	39.33	79.73	113.19
EV/FCF Ratio	41.22	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	4.08%	4.02%	1.09%	2.33%	1.05%	0.56%
FCF Yield	2.27%	2.28%	5.28%	3.27%	1.93%	1.22%
Buyback Yield / Dilution	3.66%	3.66%	2.29%	0.76%	-1.06%	-0.68%
Total Shareholder Return	3.66%	3.66%	2.29%	0.76%	-1.06%	-0.68%

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

SEC Filings: 10-K · 10-Q