Enphase Energy, Inc.

ENPH Technology Solar

Enphase Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 10.7% from fiscal 2024. In the quarter to June 2026, revenue fell 19.6%, EPS fell 3.57%, free cash flow grew 41.2% and total debt fell 52.4%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

30.82 1.47 +5.01%
Market cap
$4.1B
P/E
30.2×
Fwd P/E
194×
Dividend yield
—
F-score
6/9
Altman Z
1.99
Beneish M
−2.40
Dividend safety
n/a
Older periods Sep '25 Dec '25 Mar '26 Jun '26
P/E ratio

+8 more quarters

23.91 24.28 36.71 48.27
P/S ratio
3.06 2.85 3.55 4.89
P/FCF ratio
21.83 46.38 35.52 44.09
P/Operating CF
332.58 88.35 48.27 161.15
P/B ratio
4.65 3.87 4.50 5.50
Price to Tangible BV
6.15 4.95 5.70 6.80
EV/Sales
2.88 2.64 3.74 5.09
EV/EBITDA
16.44 16.28 29.09 34.48
EV/Operating CF
16.99 28.53 27.43 33.05
EV/FCF
20.54 42.97 37.48 45.91
Quick Ratio
1.49 1.38 2.34 2.14
Current Ratio
2.04 2.07 3.80 3.45
Net Debt/EBITDA
(3.20) (7.28) 96.27 (5.07)
Debt/Assets
36.25% 34.31% 21.02% 19.62%
Debt/Equity
1.21 1.11 0.52 0.48
Asset Turnover
0.46 0.44 0.48 0.44
Operating CF/Net income
0.21 1.23 (13.89) 1.12
Capex/Depreciation
(0.41) (0.49) (0.77) (0.71)
Interest Coverage
79.71 27.07 (46.83) 157.55
Research and Development Expense of Revenue
11.52% 13.46% 15.86% 15.64%
Selling, General and Administrative Expense of Revenue
19.86% 24.47% 28.75% 26.34%
Intangible Assets out of Total Assets
0.07 0.07 0.08 0.08
Share Based Compensation of Revenue
12.54% 15.46% 17.32% 14.92%
Graham Net Nets
0.01 0.04 0.04 0.03
Graham Number
15.92 15.69 13.95 14.34
Earnings Yield
4.18% 4.12% 2.72% 2.07%
Free Cash Flow Yield
4.58% 2.16% 2.82% 2.27%
Revenue per Share
3.14 2.62 2.15 2.21
Operating CF per Share
0.11 0.36 0.78 0.31
Capex per Share
(0.06) (0.07) (0.15) (0.11)
Free Cash Flow per Share
0.05 0.29 0.63 0.20
Cash per Share
11.30 11.53 7.09 7.11
Shareholders Equity per Share
7.61 8.29 8.39 8.96
Interest Debt per Share
0.00 0.00 0.00 0.00
Book value per Share
7.61 8.29 8.39 8.96
Free Cash Flow
5.89 37.84 82.97 25.93
Working Capital
1,220.64 1,344.71 1,348.49 1,385.37
Capital Expenditures
(8.03) (9.74) (19.90) (14.39)
Net Current Asset Value
66.32 184.09 208.70 213.11
EV/EBIT
22.93 24.73 54.60 61.24
Capex to Sales
0.02 0.03 0.07 0.05
Price to Operating Income
24.38 26.69 51.75 58.82
Other line items
Average Receivables
248.87 226.82 211.10 248.41
Average Payables
150.49 146.54 114.42 143.64
Average Inventory
173.74 226.53 217.36 229.02
Average Assets
3,292.34 3,379.73 2,915.00 3,049.02
Average Common Equity
963.20 960.02 956.53 1,031.24

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Columns are period end dates