Revenue (FY 2025)
↑10.7% YoY
$1.47B
3-Yr CAGR: -14.2%
Net Income
↑67.7% YoY
$172.13M
Net Margin: 11.7%
Free Cash Flow
↓-80.0% YoY
$95.90M
FCF Yield: 2.00%
EPS (Diluted)
↑72.0% YoY
$1.29
Basic: $1.31
Return on Equity
Efficiency
15.8%
ROA: 4.9%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (ENPH)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Div / Sh | Div Yield | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $322.6M | — | $58.0M | $-67.5M | — | — | — | — | 0.00% | $-33.0M | $-45.1M | — |
| FY 2017 | $286.2M | -11.3% | $56.0M | $-45.2M | +33.0% | — | — | — | 0.00% | $-28.4M | $-32.6M | +27.8% |
| FY 2018 | $316.2M | +10.5% | $94.4M | $-11.6M | +74.3% | $-0.12 | — | — | 0.00% | $16.1M | $12.0M | +136.8% |
| FY 2019 | $624.3M | +97.5% | $221.2M | $161.1M | +1,486.0% | $1.23 | +1,125.0% | — | 0.00% | $139.1M | $124.3M | +937.3% |
| FY 2020 | $774.4M | +24.0% | $346.0M | $134.0M | -16.8% | $0.95 | -22.8% | — | 0.00% | $216.3M | $195.8M | +57.5% |
| FY 2021 | $1,382.0M | +78.5% | $554.4M | $145.4M | +8.5% | $1.02 | +7.4% | — | 0.00% | $352.0M | $299.8M | +53.1% |
| FY 2022 | $2,330.9M | +68.7% | $974.6M | $397.4M | +173.2% | $2.77 | +171.6% | — | 0.00% | $744.8M | $698.4M | +133.0% |
| FY 2023 | $2,290.8M | -1.7% | $1,058.4M | $438.9M | +10.5% | $3.08 | +11.2% | — | 0.00% | $696.8M | $586.4M | -16.0% |
| FY 2024 | $1,330.4M | -41.9% | $629.1M | $102.7M | -76.6% | $0.75 | -75.6% | — | 0.00% | $513.7M | $480.1M | -18.1% |
| FY 2025 | $1,473.0M | +10.7% | $687.0M | $172.1M | +67.7% | $1.29 | +72.0% | — | 0.00% | $136.5M | $95.9M | -80.0% |
Valuation
Market Price
$36.33
Market Cap
$4.79B
Enterprise Value
$5.52B
P/E Ratio
28.16
P/B Ratio
4.40
FCF Yield
2.00%
Dividend Yield
N/A
Shares Outstanding
Profitability & Margins
Gross Margin
46.64%
Operating Margin
10.69%
Net Margin
11.69%
Return on Equity (ROE)
15.84%
Return on Assets (ROA)
4.90%
Asset Turnover
0.42x
Revenue 3-Yr CAGR
-14.19%
Financial Health & Liquidity
Current Ratio
2.07
Cash Ratio
0.38
Debt / Equity
1.108
Debt / Assets
0.343
Cash & Equivalents
$474.32M
Total Debt
$1.20B
Book Value / Share
$8.25
Cash Flow Efficiency
Operating Cash Flow
$136.54M
Capital Expenditures (CapEx)
$40.64M
Free Cash Flow
$95.90M
OCF / Revenue
9.27%
FCF / Revenue
6.51%
FCF 3-Yr CAGR
-48.41%
Per Share Metrics
EPS (Diluted)
$1.29
EPS (Basic)
$1.31
Dividends / Share
N/A
Book Value / Share
$8.25
EPS YoY Growth
72.00%
Balance Sheet (FY 2025)
Total Assets
$3.51B
Total Liabilities
$2.42B
Stockholders' Equity
$1.09B
Current Assets
$2.61B
Current Liabilities
$1.26B