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
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Enphase Energy, Inc. (ENPH) Revenue growth
Enphase Energy, Inc.'s revenue growth over the twelve months to 30 September 2026 was −19.9%, down 30.6 percentage points from fiscal 2025 (10.7%). Over the past ten years it has ranged from −41.9% (fiscal 2024) to 97.5% (fiscal 2019); the current reading is higher than 64% of that period. That is below the Solar industry median of 10.5% and below the Technology sector median of 11.8%.
Revenue growth, annual
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Annual newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| FY2025 | 10.7% | 52.64 |
| FY2024 | −41.9% | (40.20) |
| FY2023 | −1.72% | (70.37) |
| FY2022 | 68.7% | (9.81) |
| FY2021 | 78.5% | 54.42 |
| FY2020 | 24.0% | (73.43) |
| FY2019 | 97.5% | 86.99 |
| FY2018 | 10.5% | 21.77 |
| FY2017 | −11.3% | (1.59) |
| FY2016 | −9.70% | (13.58) |
Quarterly newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| Sep 2026 | −28.5% | (8.90) |
| Jun 2026 | −19.6% | 0.92 |
| Mar 2026 | −20.6% | (10.26) |
| Dec 2025 | −10.3% | (18.05) |
| 43 more quarters | Free account |
Against its own ten years
Revenue growth against peers
| Company | Revenue growth |
|---|---|
| RUN Sunrun Inc. compare | 66.2% |
| SHLS Shoals Technologies Group, Inc. compare | 49.2% |
| SEDG SolarEdge Technologies, Inc. compare | 26.1% |
| NXT Nextpower Inc. compare | 13.7% |
| ARRY Array Technologies, Inc. compare | 1.18% |
| FSLR First Solar, Inc. compare | −0.72% |
| JKS Jinko Holdings Limited - Unsponsored ADR compare | −19.1% |
| ENPH Enphase Energy, Inc. | −19.9% |
| DQ DAQO New Energy Corp. compare | −20.9% |
| Solar industry median | 10.5% |
| Technology sector median | 11.8% |
| Market median | 7.58% |
What Revenue growth is
Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.
(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|
More on ENPH
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement