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Friday 16 October 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. 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
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Enphase Energy, Inc. (ENPH) P/E ratio

Alert me on P/E ratio

As of 15 October 2026, Enphase Energy, Inc. (ENPH) trades at a P/E ratio of 30.2×. Over the past ten years it has ranged from 0.0× (June 2019) to 348× (August 2019); the current reading is higher than 48% of that period. That is above the Solar industry median of 11.0× and in line with the Technology sector median of 29.2×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 24.3× (73.13%)
FY2024 90.4× 121.03%
FY2023 40.9× (52.55%)
FY2022 86.2× (49.13%)
FY2021 169× 2.33%
FY2020 166× 736.24%
FY2019 19.8× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period P/E ratio Change
Jun 2026 48.3× 31.51%
Mar 2026 36.7× 51.19%
Dec 2025 24.3× 1.54%
Sep 2025 23.9× (21.00%)
42 more quarters

Against its own ten years

Low 0.0× High 348×
Ten-year median 31.3×
Current reading's percentile 16

P/E ratio against peers

Company P/E ratio
JKS JinkoSolar Holding Company Limited compare n/m
ARRY Array Technologies, Inc. compare n/m
DQ DAQO New Energy Corp. compare n/m
SEDG SolarEdge Technologies, Inc. compare n/m
RUN Sunrun Inc. compare 4.5×
FSLR First Solar, Inc. compare 11.0×
NXT Nextpower Inc. compare 20.9×
ENPH Enphase Energy, Inc. 30.2×
SHLS Shoals Technologies Group, Inc. compare 41.2×
Solar industry median 11.0×
Technology sector median 29.2×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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