ENPH

Enphase Energy, Inc.

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25.65 USD -0.21 -0.81%
As of Oct 30, 2026 Extended hours 25.65 0.00%
Bid
25.65 × 1
Ask
25.66 × 1
24.66 Day range 25.69
24.99 52-week range 72.33
YTD
-19.97%
1 year
-14.87%
Open
25.44
Prev close
25.86
Mkt cap
3.39B
Vol
7.34M
Avg vol
5.10M
EPS
0.67
P/E
38.28
Div yield
0.00%
More statistics
Low
24.66
High
25.69
Forward P/E
17.90
Beta
1.63
Short ratio
5.98
Inst. own
96.29%
Dividend
0.00
Ex-div date
Earnings
Feb 2, 2027
50-d avg
33.88
200-d avg
40.98
1y target
40.64

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ENPH five-day price chart23.825.827.829.831.8Oct 26Oct 27Oct 28Oct 29Oct 30

Financial health

Altman Z-Score

2.21 Grey zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

5 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B-2 / 5 overall

  • DCF 4
  • Return on Equity 3
  • Return on Assets 3
  • Debt / Equity 2
  • P/E 1
  • P/B 1

Valuation

P/E 24.5×
FY 2016: -0.8×FY 2017: -4.5×FY 2018: -39.4×FY 2019: 18.9×FY 2020: 164×FY 2021: 168×FY 2022: 90.1×FY 2023: 41.0×FY 2024: 90.4×FY 2025: 24.5×
FY 2016 5y median 90.1× FY 2025
P/S 2.9×
FY 2016: 0.2×FY 2017: 0.7×FY 2018: 1.4×FY 2019: 4.9×FY 2020: 28.4×FY 2021: 17.7×FY 2022: 15.4×FY 2023: 7.9×FY 2024: 7.0×FY 2025: 2.9×
FY 2016 5y median 7.9× FY 2025
P/B 3.9×
FY 2016: 39.2×FY 2017: -21.9×FY 2018: 58.9×FY 2019: 11.2×FY 2020: 45.5×FY 2021: 57.0×FY 2022: 43.4×FY 2023: 18.3×FY 2024: 11.1×FY 2025: 3.9×
FY 2016 5y median 18.3× FY 2025
P/FCF 43.8×
FY 2016: -1.1×FY 2017: -6.1×FY 2018: 38.3×FY 2019: 24.5×FY 2020: 113×FY 2021: 81.9×FY 2022: 51.4×FY 2023: 30.7×FY 2024: 19.3×FY 2025: 43.8×
FY 2016 5y median 43.8× FY 2025
EV/EBITDA 21.6×
FY 2016: -1.3×FY 2017: -7.8×FY 2018: 45.6×FY 2019: 25.5×FY 2020: 137×FY 2021: 129×FY 2022: 70.5×FY 2023: 31.9×FY 2024: 48.7×FY 2025: 21.6×
FY 2016 5y median 48.7× FY 2025
EV/Sales 3.4×
FY 2016: 0.2×FY 2017: 0.8×FY 2018: 1.5×FY 2019: 4.7×FY 2020: 28.0×FY 2021: 18.4×FY 2022: 15.7×FY 2023: 8.3×FY 2024: 7.7×FY 2025: 3.4×
FY 2016 5y median 8.3× FY 2025
FCF Yield 2.3%
FY 2016: -89.8%FY 2017: -16.3%FY 2018: 2.6%FY 2019: 4.1%FY 2020: 0.9%FY 2021: 1.2%FY 2022: 1.9%FY 2023: 3.3%FY 2024: 5.2%FY 2025: 2.3%
FY 2016 5y median 2.3% FY 2025

Profitability

Gross Margin 46.6%
FY 2016: 18.0%FY 2017: 19.6%FY 2018: 29.9%FY 2019: 35.4%FY 2020: 44.7%FY 2021: 40.1%FY 2022: 41.8%FY 2023: 46.2%FY 2024: 47.3%FY 2025: 46.6%
FY 2016 5y median 46.2% FY 2025
Operating Margin 11.2%
FY 2016: -19.4%FY 2017: -13.8%FY 2018: 0.5%FY 2019: 16.5%FY 2020: 24.1%FY 2021: 15.6%FY 2022: 19.2%FY 2023: 19.5%FY 2024: 5.8%FY 2025: 11.2%
FY 2016 5y median 15.6% FY 2025
Net Margin 11.7%
FY 2016: -20.9%FY 2017: -15.8%FY 2018: -3.7%FY 2019: 25.8%FY 2020: 17.3%FY 2021: 10.5%FY 2022: 17.0%FY 2023: 19.2%FY 2024: 7.7%FY 2025: 11.7%
FY 2016 5y median 11.7% FY 2025
ROE 15.8%
FY 2016: -5189.4%FY 2017: 495.2%FY 2018: -149.5%FY 2019: 59.2%FY 2020: 27.7%FY 2021: 33.8%FY 2022: 48.1%FY 2023: 44.6%FY 2024: 12.3%FY 2025: 15.8%
FY 2016 5y median 33.8% FY 2025
ROIC 4.8%
FY 2016: -66.7%FY 2017: -41.4%FY 2018: 0.7%FY 2019: 19.8%FY 2020: 18.7%FY 2021: 12.5%FY 2022: 15.5%FY 2023: 13.4%FY 2024: 2.4%FY 2025: 4.8%
FY 2016 5y median 12.5% FY 2025
ROA 4.9%
FY 2016: -41.2%FY 2017: -26.7%FY 2018: -3.4%FY 2019: 22.6%FY 2020: 11.2%FY 2021: 7.0%FY 2022: 12.9%FY 2023: 13.0%FY 2024: 3.2%FY 2025: 4.9%
FY 2016 5y median 7.0% FY 2025

Growth (YoY)

Revenue 10.7%
FY 2016: -9.7%FY 2017: -11.3%FY 2018: 10.5%FY 2019: 97.5%FY 2020: 24.0%FY 2021: 78.5%FY 2022: 68.7%FY 2023: -1.7%FY 2024: -41.9%FY 2025: 10.7%
FY 2016 FY 2025
Operating Income 113.0%
FY 2016: -224.7%FY 2017: 37.2%FY 2018: 104.1%FY 2019: 6336.7%FY 2020: 81.5%FY 2021: 15.8%FY 2022: 107.7%FY 2023: -0.6%FY 2024: -82.7%FY 2025: 113.0%
FY 2016 FY 2025
EPS (diluted) 72.0%
FY 2016: -173.5%FY 2017: 59.7%FY 2018: 77.8%FY 2019: 1125.0%FY 2020: -22.8%FY 2021: 7.4%FY 2022: 171.6%FY 2023: 11.2%FY 2024: -75.6%FY 2025: 72.0%
FY 2016 FY 2025
Free Cash Flow -80.0%
FY 2016: -35.0%FY 2017: 28.9%FY 2018: 136.8%FY 2019: 937.3%FY 2020: 57.5%FY 2021: 53.0%FY 2022: 133.2%FY 2023: -16.0%FY 2024: -18.1%FY 2025: -80.0%
FY 2016 FY 2025

Financial Health

Current Ratio 2.1×
FY 2016: 1.4×FY 2017: 1.4×FY 2018: 1.5×FY 2019: 2.5×FY 2020: 1.7×FY 2021: 3.3×FY 2022: 3.5×FY 2023: 4.6×FY 2024: 3.5×FY 2025: 2.1×
FY 2016 5y median 3.5× FY 2025
Quick Ratio 1.8×
FY 2016: 1.0×FY 2017: 1.1×FY 2018: 1.4×FY 2019: 2.3×FY 2020: 1.7×FY 2021: 3.2×FY 2022: 3.3×FY 2023: 4.2×FY 2024: 3.3×FY 2025: 1.8×
FY 2016 5y median 3.3× FY 2025
Debt / Equity 1.1×
FY 2016: 26.1×FY 2017: -5.5×FY 2018: 14.1×FY 2019: 0.4×FY 2020: 0.7×FY 2021: 2.4×FY 2022: 1.6×FY 2023: 1.3×FY 2024: 1.6×FY 2025: 1.1×
FY 2016 5y median 1.6× FY 2025
Net Debt / EBITDA 3.3×
FY 2016: -0.3×FY 2017: -0.7×FY 2018: 0.4×FY 2019: -1.3×FY 2020: -2.1×FY 2021: 4.7×FY 2022: 1.6×FY 2023: 1.7×FY 2024: 4.6×FY 2025: 3.3×
FY 2016 5y median 3.3× FY 2025
Interest Coverage 36.4×
FY 2016: -22.6×FY 2017: -5.0×FY 2018: 0.2×FY 2019: 10.6×FY 2020: 8.9×FY 2021: 4.8×FY 2022: 47.5×FY 2023: 50.4×FY 2024: 8.7×FY 2025: 36.4×
FY 2016 5y median 36.4× FY 2025

Dividends

Dividend Yield 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025
Payout Ratio 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025

Annual · latest fiscal year ends 2025-12-31