stockrowEnphase 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
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Enphase Energy, Inc. (ENPH) Operating cash flow
Enphase Energy, Inc.'s operating cash flow for fiscal 2025 was $136.5M, down 73.4% from $513.7M in fiscal 2024. Over the twelve months to 30 September 2026 it was $190.9M. Over the past ten years it has ranged from −$33.0M (fiscal 2016) to $744.8M (fiscal 2022); the current reading is higher than 45% of that period. Operating cash flow has fallen for 3 consecutive fiscal years. Enphase Energy, Inc. ranks 6th of 22 Solar companies by operating cash flow.
Operating cash flow, annual
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Annual newest first
| Period | Operating cash flow | Change |
|---|---|---|
| FY2025 | $136.5M | (73.42%) |
| FY2024 | $513.7M | (26.28%) |
| FY2023 | $696.8M | (6.45%) |
| FY2022 | $744.8M | 111.58% |
| FY2021 | $352.0M | 62.72% |
| FY2020 | $216.3M | 55.56% |
| FY2019 | $139.1M | 762.06% |
| FY2018 | $16.1M | — |
| FY2017 | −$28.4M | — |
| FY2016 | −$33.0M | — |
Quarterly newest first
| Period | Operating cash flow | Change |
|---|---|---|
| Sep 2026 | $90.0K | (99.78%) |
| Jun 2026 | $40.3M | (60.80%) |
| Mar 2026 | $102.9M | 116.21% |
| Dec 2025 | $47.6M | 241.85% |
| 43 more quarters | Free account |
Against its own ten years
Operating cash flow against peers
| Company | Operating cash flow |
|---|---|
| JKS Jinko Holdings Limited - Unsponsored ADR compare | $2.6B |
| FSLR First Solar, Inc. compare | $839.2M |
| NXT Nextpower Inc. compare | $573.9M |
| RUN Sunrun Inc. compare | $222.8M |
| ENPH Enphase Energy, Inc. | $190.9M |
| ARRY Array Technologies, Inc. compare | $162.9M |
| SEDG SolarEdge Technologies, Inc. compare | $108.9M |
| SHLS Shoals Technologies Group, Inc. compare | −$9.9M |
| DQ DAQO New Energy Corp. compare | −$115.4M |
What Operating cash flow is
Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- Piotroski F-score
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