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

Insider buying

28.29 0.68 −2.35%

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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

Enphase Energy, Inc. (ENPH) Price to free cash flow

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As of 5 November 2026, Enphase Energy, Inc. (ENPH) trades at a price to free cash flow of 29.7×. Over the past ten years it has ranged from 0.0× (June 2018) to 2,219× (July 2018); the current reading is higher than 45% of that period. That is above the Solar industry median of 15.1× and above the Technology sector median of 18.7×.

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<iframe src="https://stockrow.com/embed/ENPH/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Enphase Energy, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ENPH/metrics/price-to-free-cash-flow">Enphase Energy, Inc. (ENPH) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	46.4×	137.22%
FY2024	19.6×	(36.52%)
FY2023	30.8×	(37.74%)
FY2022	49.5×	(40.58%)
FY2021	83.3×	(28.17%)
FY2020	116×	368.85%
FY2019	24.7×	(41.94%)
FY2018	42.6×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	Price to free cash flow	Change
Sep 2026	33.5×	(23.97%)
Jun 2026	44.1×	24.14%
Mar 2026	35.5×	(23.41%)
Dec 2025	46.4×	112.44%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 2,219×

Ten-year median 34.3×

Current reading's percentile 45

Company	Price to free cash flow
JKS Jinko Holdings Limited - Unsponsored ADR compare	n/m
DQ DAQO New Energy Corp. compare	n/m
RUN Sunrun Inc. compare	n/m
SHLS Shoals Technologies Group, Inc. compare	n/m
ARRY Array Technologies, Inc. compare	6.0×
SEDG SolarEdge Technologies, Inc. compare	24.1×
NXT Nextpower Inc. compare	29.5×
ENPH Enphase Energy, Inc.	29.7×
FSLR First Solar, Inc. compare	90.9×
Solar industry median	15.1×
Technology sector median	18.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Enphase Energy, Inc. (ENPH) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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