Enphase Energy Financial Ratios
NASDAQ: ENPHTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Enphase Energy ratio analysis
Enphase Energy earned a net margin of 11.7% in FY 2025, up from 7.7% a year earlier. Gross margin was 46.6% compared with a median of 40.1% over the prior 9 years. Return on equity reached 15.8%, meaning Enphase Energy generated 0.16 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 1.11 versus 1.56 the year before, and the current ratio was 2.07. At the end of FY 2025, ENPH traded at 26.2 times earnings; across the 7 fiscal years shown, its year-end P/E ranged from 23.8 to 184.7, with a median of 95.7. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Enphase Energy financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 26.16 | 96.20 | 42.90 | 95.65 | 179.35 | 184.71 | 23.81 | — | — | — |
| Price / sales | 3.01 | 7.33 | 7.87 | 15.39 | 17.74 | 28.45 | 5.48 | 1.60 | 0.70 | 0.16 |
| Price / book | 4.07 | 11.71 | 18.32 | 43.44 | 57.00 | 45.52 | 12.56 | 65.08 | — | 39.25 |
| Gross margin | 46.6% | 47.3% | 46.2% | 41.8% | 40.1% | 44.7% | 35.4% | 29.9% | 19.6% | 18.0% |
| Operating margin | 10.7% | 5.8% | 19.5% | 19.2% | 15.6% | 24.1% | 16.5% | 0.5% | -13.8% | -19.4% |
| Net margin | 11.7% | 7.7% | 19.2% | 17.0% | 10.5% | 17.3% | 25.8% | -3.7% | -15.8% | -20.9% |
| Free cash flow margin | 6.5% | 36.1% | 25.6% | 30.0% | 21.7% | 25.3% | 19.9% | 3.8% | -11.4% | -14.0% |
| Return on equity (ROE) | 15.8% | 12.3% | 44.6% | 48.1% | 33.8% | 27.7% | 59.2% | -149.5% | — | -5,189.4% |
| Return on assets (ROA) | 4.9% | 3.2% | 13.0% | 12.9% | 7.0% | 11.2% | 22.6% | -3.4% | -26.7% | -41.2% |
| Debt / equity | 1.11 | 1.56 | 1.32 | 1.56 | 2.41 | 0.68 | 0.39 | 14.12 | — | 18.31 |
| Current ratio | 2.07 | 3.53 | 4.59 | 3.55 | 3.33 | 1.75 | 2.51 | 1.51 | 1.42 | 1.42 |
| Revenue growth | 10.7% | -41.9% | -1.7% | 68.7% | 78.5% | 24.0% | 97.5% | 10.5% | -11.3% | -9.7% |
| EPS growth | 72.0% | -75.6% | 11.2% | 171.6% | 7.4% | -22.8% | — | — | — | — |