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) Return on invested capital
Enphase Energy, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 3.59%, down 9.1 percentage points from fiscal 2025 (12.7%). Over the past ten years it has ranged from −534.2% (fiscal 2016) to 86.0% (fiscal 2020); the current reading is higher than 55% of that period. That is above the Solar industry median of −4.96% and above the Technology sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 12.7% | 1.09 |
| FY2024 | 11.6% | (36.28) |
| FY2023 | 47.8% | (7.85) |
| FY2022 | 55.7% | 25.79 |
| FY2021 | 29.9% | (56.11) |
| FY2020 | 86.0% | 7.37 |
| FY2019 | 78.6% | 69.83 |
| FY2018 | 8.81% | 223.18 |
| FY2017 | −214.4% | 319.81 |
| FY2016 | −534.2% | (441.33) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| NXT Nextpower Inc. compare | 28.2% |
| FSLR First Solar, Inc. compare | 12.6% |
| SHLS Shoals Technologies Group, Inc. compare | 5.73% |
| RUN Sunrun Inc. compare | 4.29% |
| ENPH Enphase Energy, Inc. | 3.59% |
| DQ DAQO New Energy Corp. compare | −5.41% |
| JKS Jinko Holdings Limited - Unsponsored ADR compare | −15.2% |
| ARRY Array Technologies, Inc. compare | −25.6% |
| SEDG SolarEdge Technologies, Inc. compare | −43.0% |
| Solar industry median | −4.96% |
| Technology sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement