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.
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Enphase Energy, Inc. (ENPH) EV/Sales
As of 15 October 2026, Enphase Energy, Inc. (ENPH) trades at a EV/Sales of 3.3×. Over the past ten years it has ranged from 0.1× (November 2015) to 34.2× (January 2021); the current reading is higher than 42% of that period. That is above the Solar industry median of 0.7× and above the Technology sector median of 2.8×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 2.6× | (60.33%) |
| FY2024 | 6.7× | (13.20%) |
| FY2023 | 7.7× | (47.30%) |
| FY2022 | 14.6× | (17.94%) |
| FY2021 | 17.8× | (36.59%) |
| FY2020 | 28.0× | 511.41% |
| FY2019 | 4.6× | 204.97% |
| FY2018 | 1.5× | 81.88% |
| FY2017 | 0.8× | 350.90% |
| FY2016 | 0.2× | (51.21%) |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 5.1× | 36.04% |
| Mar 2026 | 3.7× | 41.55% |
| Dec 2025 | 2.6× | (8.15%) |
| Sep 2025 | 2.9× | (12.29%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| DQ DAQO New Energy Corp. compare | −2.6× |
| JKS JinkoSolar Holding Company Limited compare | 0.1× |
| ARRY Array Technologies, Inc. compare | 0.8× |
| SEDG SolarEdge Technologies, Inc. compare | 1.5× |
| SHLS Shoals Technologies Group, Inc. compare | 2.5× |
| NXT Nextpower Inc. compare | 3.2× |
| ENPH Enphase Energy, Inc. | 3.3× |
| FSLR First Solar, Inc. compare | 3.3× |
| RUN Sunrun Inc. compare | 4.6× |
| Solar industry median | 0.7× |
| Technology sector median | 2.8× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)