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
ROE

+8 more TTM periods

20.31% 17.93% 14.11% 13.00%
Piotroski F-Score
8 6 6 5
ROA
5.94% 5.09% 4.63% 4.40%
ROIC
16.47% 12.65% 8.06% 8.45%
Return on Tangible Assets
14.47% 11.62% 9.08% 8.81%
Average Days of Receivables
64.08 56.96 51.26 75.17
Free Cash Flow per Share
1.66 0.73 1.10 1.16
Free Cash Flow
217.29 95.90 145.07 152.63
Capital Expenditures
(38.96) (40.64) (45.93) (52.06)
Other line items
Cash ROIC
5.91% 2.52% 5.57% 5.67%
Accounts Receivable Turnover
6.08 6.49 6.63 5.35
Accounts Payable Turnover
5.18 5.36 6.82 4.91
Inventory Turnover
4.48 3.47 3.59 3.08
Average Days of Payables
88.34 94.29 53.05 64.52
Days of Inventory on Hand
88.38 133.77 135.92 147.60
Tax Rate
(0.17) (0.16) (0.06) (0.18)
Research and Development Expense of Revenue
12.78% 12.84% 13.13% 13.85%
Selling, General and Administrative Expense of Revenue
22.02% 22.63% 23.69% 24.37%
Share Based Compensation of Revenue
14.07% 14.53% 14.82% 14.84%
Interest Coverage
31.95 34.84 30.89 42.18
Operating CF/Net income
1.31 0.79 1.41 1.53
Depreciation/Fixed assets
0.57 0.60 0.61 0.63
Capex/Depreciation
(0.52) (0.50) (0.55) (0.61)
Revenue per Share
11.56 11.23 10.66 10.07
Operating CF per Share
1.96 1.04 1.45 1.55
Capex per Share
(0.30) (0.31) (0.35) (0.39)
Capex to Sales
0.03 0.03 0.03 0.04

Fold the line items

Columns are period end dates