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
Jun '26 Mar '26 Dec '25 Sep '25 Older periods
P/E ratio
48.27 36.71 24.28 23.91

+8 more quarters

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

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Columns are period end dates