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Friday 6 November 2026 Export ENPH’s income statement to Excel — free account

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.

Revenue
−28.5%
EPS
−65.3%
Free cash flow
−293.2%
Total debt
−52.4%

Quarter to September 2026, against a year earlier

28.17 0.80 −2.76%
Market cap
$3.8B
P/E
42.5×
Fwd P/E
82.4×
Dividend yield
—
F-score
6/9
Altman Z
1.99
Beneish M
−2.40
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Enphase Energy, Inc. (ENPH) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Enphase Energy, Inc. (ENPH) trades at a EV/EBITDA of 30.2×. Over the past ten years it has ranged from 0.0× (September 2018) to 165× (September 2024); the current reading is higher than 44% of that period. That is above the Solar industry median of 10.7× and above the Technology sector median of 14.5×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 16.3× (72.44%)
FY2024 59.1× 69.59%
FY2023 34.8× (48.25%)
FY2022 67.3× (31.88%)
FY2021 98.8× (6.76%)
FY2020 106× 333.25%
FY2019 24.5× (41.95%)
FY2018 42.2× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 33.9× (1.79%)
Jun 2026 34.5× 18.55%
Mar 2026 29.1× 78.63%
Dec 2025 16.3× (0.98%)
43 more quarters

Against its own ten years

Low 0.0× High 165×
Ten-year median 36.3×
Current reading's percentile 44

EV/EBITDA against peers

Company EV/EBITDA
JKS Jinko Holdings Limited - Unsponsored ADR compare n/m
SEDG SolarEdge Technologies, Inc. compare n/m
DQ DAQO New Energy Corp. compare 2.3×
FSLR First Solar, Inc. compare 8.0×
ARRY Array Technologies, Inc. compare 11.2×
SHLS Shoals Technologies Group, Inc. compare 18.3×
NXT Nextpower Inc. compare 18.5×
RUN Sunrun Inc. compare 19.6×
ENPH Enphase Energy, Inc. 30.2×
Solar industry median 10.7×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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