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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) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Enphase Energy, Inc. (ENPH) trades at a P/S ratio of 3.2×. Over the past ten years it has ranged from 0.2× (December 2016) to 34.7× (January 2021); the current reading is higher than 40% of that period. That is above the Solar industry median of 0.6× and above the Technology sector median of 2.6×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 2.9× (59.10%)
FY2024 7.0× (10.69%)
FY2023 7.8× (46.88%)
FY2022 14.7× (17.09%)
FY2021 17.7× (37.64%)
FY2020 28.4× 482.41%
FY2019 4.9× 227.75%
FY2018 1.5× 97.77%
FY2017 0.8× 358.39%
FY2016 0.2× (62.51%)

Quarterly newest first

Period P/S ratio Change
Sep 2026 3.6× (26.38%)
Jun 2026 4.9× 37.87%
Mar 2026 3.5× 24.30%
Dec 2025 2.9× (6.76%)
43 more quarters

Against its own ten years

Low 0.2× High 34.7×
Ten-year median 4.6×
Current reading's percentile 35

P/S ratio against peers

Company P/S ratio
JKS Jinko Holdings Limited - Unsponsored ADR compare 0.1×
RUN Sunrun Inc. compare 0.6×
ARRY Array Technologies, Inc. compare 0.7×
SEDG SolarEdge Technologies, Inc. compare 1.2×
DQ DAQO New Energy Corp. compare 1.6×
SHLS Shoals Technologies Group, Inc. compare 2.3×
ENPH Enphase Energy, Inc. 3.2×
NXT Nextpower Inc. compare 3.9×
FSLR First Solar, Inc. compare 4.2×
Solar industry median 0.6×
Technology sector median 2.6×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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