Company Overview
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control. It also provides microinverter units and related accessories; IQ Battery and related accessories; IQ PowerPack 1500 and related accessories; IQ Combiner, IQ Gateway, and IQ Energy Router; cloud-based monitoring service; and electric vehicle charging solutions, as well as design, proposal, permitting, installation and solar appointment generation services, and Enphase Care services. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.
Why Investors Should Care
Revenue has grown at a 23.6% CAGR over the past five years.
Operating margin of 18.0% supports profitability.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $1.47B (+10.7% YoY); net profit $172.13M.
- Trailing 12 Months Year-on-year growth — revenue -19.6%, earnings -3.5%.
- 5-Year Trend Long-term compounding — revenue CAGR 23.6%, profit CAGR 5.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 23.56% |
| 1 Year: | -19.60% |
Compounded Profit Growth
| 5 Years: | 5.14% |
| 1 Year: | -3.50% |
Stock Price Performance
| 1 Year: | +13.47% |
| 6 Months: | -4.97% |
| 3 Months: | -31.73% |
| 1 Month: | -7.26% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- Death Cross3d ago
- RSI (14)50.86 · Neutral
P/E of 38.45 is above the sector median of 29.22 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 23.6% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 46.3% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ENPH Enphase Energy, Inc. R3KTECH | 38.83 | 38.45 | $5.12B | 0.00% | 7.01% | 13.00% | 23.56% | 5.14% |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 225.73 | 28.50 | $5.45T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 316.22 | 36.22 | $4.61T | 0.34% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 493.95 | 27.49 | $3.67T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 439.00 | 32.71 | $2.28T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 368.56 | 46.95 | $1.75T | 0.71% | 16.70% | 44.25% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 1,000.26 | 22.59 | $1.13T | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 505.74 | 128.36 | $825.61B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,764.85 | 59.89 | $677.88B | 0.51% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | 54.75M | 74.70M | 77.04M | 79.67M | 69.97M | 75.90M | 78.00M | 92.29M | 100.15M | 134.09M | 180.06M | 210.03M | 205.54M | 125.54M | 178.50M | 264.84M | 301.75M | 316.06M | 351.52M | 441.29M | 530.20M | 634.71M | 726.02M | 711.12M | 551.08M | 263.34M | 303.46M | 380.87M | 356.08M | 363.15M | 410.43M | 282.90M |
| Gross Profit | 28.02M | 33.03M | 31.47M | 15.70M | 11.76M | 14.14M | 15.88M | 16.23M | 7.05M | 13.55M | 16.46M | 18.99M | 18.32M | 22.70M | 25.26M | 28.16M | 33.34M | 45.32M | 64.71M | 77.88M | 80.67M | 48.39M | 94.98M | 121.94M | 122.95M | 127.80M | 140.36M | 176.97M | 219.00M | 267.92M | 326.37M | 323.34M | 262.01M | 115.51M | 137.17M | 178.17M | 168.24M | 170.49M | 196.24M | 100.39M |
| Operating Income | -5.55M | -369.00K | 1.78M | - | -19.09M | -15.79M | -17.73M | - | -22.09M | -9.25M | -5.90M | -2.13M | -2.48M | -558.00K | -374.00K | 5.00M | 7.13M | 17.45M | 33.71M | 44.44M | 44.71M | 10.85M | 51.76M | 79.11M | 61.39M | 59.40M | 37.35M | 61.82M | 94.04M | 135.44M | 167.66M | 170.32M | 117.99M | -29.10M | 1.80M | 49.79M | 31.92M | 37.01M | 66.16M | -29.64M |
| Net Income | -6.32M | -603.00K | 624.00K | -15.78M | -18.80M | -16.72M | -18.76M | -13.19M | -23.30M | -12.09M | -6.85M | -2.94M | -5.13M | -3.74M | -3.47M | 709.00K | 2.77M | 10.62M | 31.10M | 116.67M | 68.94M | -47.29M | 39.36M | 72.99M | 31.70M | 39.35M | 21.81M | 51.82M | 76.98M | 114.81M | 146.87M | 157.19M | 113.95M | -16.10M | 10.83M | 45.76M | 29.73M | 37.05M | 66.64M | -7.41M |
| Diluted EPS | - | - | 0.01 | - | - | - | -0.40 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02 | 1.09 | 0.80 | -0.12 | 0.08 | 0.33 | 0.22 | 0.28 | 0.50 | -0.06 |
| R&D Expense | 13.43M | 12.79M | 12.06M | 12.54M | 13.07M | 13.09M | 13.17M | 11.38M | 9.61M | 7.95M | 7.40M | 8.21M | 7.62M | 9.46M | 8.16M | 7.34M | 8.52M | 9.60M | 11.09M | 11.17M | 11.88M | 13.19M | 15.05M | 15.80M | 21.82M | 22.71M | 29.41M | 35.72M | 39.26M | 44.19M | 57.13M | 60.04M | 54.87M | 54.21M | 48.87M | 47.84M | 50.17M | 45.42M | 47.27M | 44.87M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 61.66M | 149.52M | 216.68M | 232.85M | 343.90M | 357.25M | 322.59M | 286.17M | 316.16M | 624.33M | 774.42M | 1.38B | 2.33B | 2.29B | 1.33B | 1.47B |
| Gross Profit | 6.50M | 29.07M | 55.29M | 67.42M | 113.04M | 108.22M | 58.01M | 56.04M | 94.44M | 221.25M | 345.98M | 554.42M | 974.60M | 1.06B | 629.14M | 687.00M |
| Operating Income | - | - | - | - | - | - | -62.70M | -39.38M | 1.60M | 102.73M | 186.44M | 215.83M | 448.26M | 445.74M | 77.29M | 157.53M |
| Net Income | -21.78M | -32.29M | -38.22M | -25.91M | -8.05M | -22.08M | -67.46M | -45.19M | -11.63M | 161.15M | 134.00M | 145.45M | 397.36M | 438.94M | 102.66M | 172.13M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | 2.77 | 3.08 | 0.75 | 1.29 |
| R&D Expense | 14.30M | 25.10M | 35.60M | 34.52M | 45.39M | 50.82M | 50.70M | 33.16M | 32.59M | 40.38M | 55.92M | 105.53M | 168.85M | 227.34M | 201.31M | 189.07M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 106.24M | 122.29M | 116.67M | 152.19M | 165.53M | 163.58M | 169.15M | 339.94M | 713.22M | 1.20B | 2.08B | 3.08B | 3.38B | 3.25B | 3.51B |
| Total Equity | 13.63M | 38.48M | 13.97M | 56.66M | 40.21M | 46.95M | 41.45M | 1.30M | -9.13M | 7.78M | 272.21M | 483.99M | 430.17M | 825.57M | 983.62M | 833.02M | 1.09B |
| Cash & Equivalents | 8.64M | 39.99M | 51.52M | 45.29M | 38.19M | 42.03M | 28.45M | 17.76M | 29.14M | 106.24M | 251.41M | 679.38M | 119.32M | 473.24M | 288.75M | 369.11M | 474.32M |
| Long Term Debt | - | - | 10.15M | 8.68M | 8.68M | 0 | 0 | 20.77M | 32.32M | 81.63M | 102.66M | 4.90M | 951.59M | 1.20B | 1.29B | 1.20B | 572.19M |
| Total Liabilities | - | - | 92.27M | 65.64M | 76.46M | 105.24M | 124.08M | 162.28M | 178.27M | 332.16M | 441.01M | 716.11M | 1.65B | 2.26B | 2.40B | 2.42B | 2.42B |
| Current Liabilities | - | - | 52.37M | 33.85M | 33.37M | 58.71M | 72.85M | 82.77M | 91.74M | 147.16M | 199.31M | 534.04M | 439.80M | 638.22M | 532.45M | 660.09M | 1.26B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -17.85M | -367.00K | -44.65M | -872.00K | 24.22M | -21.16M | -32.95M | -28.44M | 16.13M | 139.07M | 216.33M | 352.03M | 744.82M | 696.78M | 513.69M | 136.54M |
| Investing Cash Flow | -3.26M | -14.66M | -12.99M | -6.26M | -16.53M | -12.46M | -11.79M | -4.12M | -19.15M | -14.79M | -25.57M | -1.22B | -371.91M | -366.36M | 128.27M | 106.79M |
| Financing Cash Flow | 52.47M | 26.48M | 51.44M | -58.00K | -3.34M | 20.56M | 34.38M | 43.30M | 80.61M | 65.85M | 191.68M | 309.41M | -17.13M | -516.77M | -460.27M | -241.62M |
| Capital Expenditure | -3.26M | -14.66M | -12.99M | -6.26M | -13.25M | -12.53M | -12.17M | -4.12M | -4.15M | -14.79M | -20.56M | -52.26M | -46.44M | -110.40M | -33.60M | -40.64M |
| Free Cash Flow | -21.11M | -15.03M | -57.63M | -7.13M | 10.97M | -33.69M | -45.12M | -32.56M | 11.98M | 124.28M | 195.78M | 299.77M | 698.37M | 586.38M | 480.09M | 95.90M |
| Share Buybacks | - | - | - | - | - | - | - | - | - | 0 | 0 | 500.00M | 0 | 410.00M | 391.36M | 129.96M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 10.5% | 19.4% | 25.5% | 29.0% | 32.9% | 30.3% | 18.0% | 19.6% | 29.9% | 35.4% | 44.7% | 40.1% | 41.8% | 46.2% | 47.3% | 46.6% |
| Operating Margin % | - | - | - | - | - | - | -19.4% | -13.8% | 0.5% | 16.5% | 24.1% | 15.6% | 19.2% | 19.5% | 5.8% | 10.7% |
| Net Margin % | -35.3% | -21.6% | -17.6% | -11.1% | -2.3% | -6.2% | -20.9% | -15.8% | -3.7% | 25.8% | 17.3% | 10.5% | 17.0% | 19.2% | 7.7% | 11.7% |
| ROE % | -56.6% | -231.1% | -67.5% | -64.5% | -17.1% | -53.3% | -5,189.4% | 495.2% | -149.5% | 59.2% | 27.7% | 33.8% | 48.1% | 44.6% | 12.3% | 15.8% |
| ROCE % | - | - | - | - | - | - | -77.6% | -50.9% | 0.8% | 20.0% | 28.0% | 13.2% | 18.3% | 15.6% | 3.0% | 7.0% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 17.75% | 23.45M | $812.38M |
| 2 | Vanguard Portfolio Management LLC | 6.86% | 9.07M | $314.07M |
| 3 | Vanguard Capital Management LLC | 4.34% | 5.73M | $198.52M |
| 4 | State Street Corporation | 3.59% | 4.75M | $164.42M |
| 5 | Two Sigma Investments, LP | 3.52% | 4.66M | $161.27M |
| 6 | Invesco Ltd. | 2.77% | 3.66M | $126.83M |
| 7 | Gilder Gagnon Howe & Co LLC | 2.63% | 3.48M | $120.51M |
| 8 | Slate Path Capital, LP | 1.96% | 2.59M | $89.62M |
| 9 | JPMORGAN CHASE & CO | 1.83% | 2.42M | $83.70M |
| 10 | Morgan Stanley | 1.82% | 2.41M | $83.43M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ENPH
Enphase Energy, Inc. (ENPH) Is a Trending Stock: Facts to Know Before Betting on It - finance.yahoo.com
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ENPH — Frequently Asked Questions
What is the current share price of Enphase Energy, Inc. (ENPH)?
As of 2026-09-19 21:16 PDT, Enphase Energy, Inc. (ENPH) trades at $38.83 on NasdaqGM. Its 52-week range is $26.12 to $72.33.
What is the market capitalisation of ENPH?
Enphase Energy, Inc. (ENPH) has a market capitalisation of $5.12B on NasdaqGM.
What is the P/E ratio of ENPH?
ENPH trades at a trailing price-to-earnings (P/E) ratio of 38.45. The industry average P/E is 29.22. Its price-to-book (P/B) ratio is 4.11.
What is the return on equity (ROE) of ENPH?
ENPH has a return on equity (ROE) of 13.00%. Its return on capital employed (ROCE) is 7.01%.
Is ENPH a good stock to buy?
This page provides a data-driven analysis of Enphase Energy, Inc. (ENPH), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.