Market cap
$4,922 Mln
Revenue (TTM)
$1,329 Mln
P/E Ratio
38.8
P/B Ratio
4.4
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 3.17 | -19.63 | -10.41 | -21.97 | 4.60 |
| EBIT | 375.05 | -20.10 | -35.80 | -40.91 | -6.28 |
| Net Profit | 587.16 | -2.63 | -23.29 | -38.27 | -6.08 |
| EPS | 581.84 | -0.84 | -20.71 | -36.48 | -4.58 |
| Book Value | -- | -- | 35.06 | 13.01 | 19.69 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 14.46 | 15.04 | 10.48 | 14.21 | 9.70 |
| Net Margin
| -- | 13.93 | 10.09 | -- | -- |
| Return on equity
| 25.92 | 34.57 | 11.81 | 17.93 | 11.30 |
| Return on Capital
| 10.67 | 13.30 | -- | 7.66 | 4.60 |
| Return on Assets
| 7.25 | 9.20 | 3.43 | 5.09 | 3.10 |
| Debt to Equity (x)
| -- | -- | 0.48 | 1.14 | 1.60 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
--
|
7.66
|
4.60
|
19.76
|
21.93
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
11.81
Higher than Peers by 15.35
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
11.81
|
17.93
|
11.30
|
48.52
|
63.29
|
|
Peer Median
|
-3.53
|
--
|
--
|
--
|
--
|
ROA
3.43
Higher than Peers by 6.19
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
3.43
|
5.09
|
3.10
|
13.57
|
15.39
|
|
Peer Median
|
-2.77
|
--
|
--
|
--
|
--
|
EBIT Margin
10.48
Higher than Peers by 23.78
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
10.48
|
14.21
|
9.70
|
19.46
|
19.80
|
|
Peer Median
|
-13.30
|
--
|
--
|
--
|
--
|
Net Margin
10.09
Higher than Peers by 35.73
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
10.09
|
11.69
|
7.72
|
19.16
|
16.95
|
|
Peer Median
|
-25.65
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-10.41
Lower than Peers by 12.93
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
-10.41
|
0.11
|
-0.42
|
-0.02
|
0.69
|
|
Peer Median
|
2.53
|
--
|
--
|
--
|
--
|
EBIT Growth
-35.80
Lower than Peers by 26.48
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
-35.80
|
62.19
|
-71.05
|
-3.41
|
177.87
|
|
Peer Median
|
-9.32
|
--
|
--
|
--
|
--
|
Net Profit Growth
-23.29
Higher than Peers by 2.88
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
-23.29
|
67.68
|
-76.61
|
10.46
|
173.20
|
|
Peer Median
|
-26.16
|
--
|
--
|
--
|
--
|
EPS Growth
-20.71
Lower than Peers by 22.56
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
-20.71
|
0.74
|
-0.76
|
0.16
|
1.64
|
|
Peer Median
|
1.84
|
--
|
--
|
--
|
--
|
Book Value Growth
36.66
Higher than Peers by 34.97
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
36.66
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1.68
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.48
No difference
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
0.48
|
1.14
|
1.60
|
1.34
|
1.59
|
|
Peer Median
|
0.48
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.01
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
0.01
|
0.59
|
0.13
|
0.01
|
0.12
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
3.45
Higher than Peers by 1.39
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
3.45
|
2.07
|
3.53
|
4.59
|
3.55
|
|
Peer Median
|
2.07
|
--
|
--
|
--
|
--
|
Quick Ratio
2.95
Higher than Peers by 1.45
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
2.95
|
1.84
|
3.28
|
4.19
|
3.31
|
|
Peer Median
|
1.50
|
--
|
--
|
--
|
--
|
Interest Coverage
235.27
Higher than Peers by 235.14
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
235.27
|
46.30
|
14.49
|
50.43
|
48.90
|
|
Peer Median
|
0.13
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
20.60
Lower than Peers by 3.95
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
20.60
|
18.05
|
16.82
|
19.47
|
18.92
|
|
Peer Median
|
24.54
|
--
|
--
|
--
|
--
|
Asset Turnover
0.34
Higher than Peers by 0.11
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
0.34
|
0.44
|
0.40
|
0.71
|
0.90
|
|
Peer Median
|
0.23
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
--
|
60.70
|
91.93
|
70.70
|
62.53
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
--
|
105.27
|
98.60
|
53.84
|
30.18
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
--
|
68.10
|
53.70
|
35.75
|
32.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
--
|
97.87
|
136.83
|
88.79
|
60.54
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
38.80
Lower than Peers by 9.44
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
38.80
|
24.85
|
92.41
|
41.91
|
97.56
|
|
Peer Median
|
48.24
|
--
|
--
|
--
|
--
|
Price / Book Value
4.39
Higher than Peers by 2.24
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
4.39
|
3.93
|
11.39
|
18.70
|
46.96
|
|
Peer Median
|
2.15
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
19.48
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
19.48
|
13.82
|
43.69
|
40.42
|
73.94
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
4,922
Higher than Peers by 4,729
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Enphase Energy (ENPH)
|
4,922
|
--
|
--
|
--
|
--
|
|
Peer Median
|
193
|
--
|
--
|
--
|
--
|