Enphase Energy (ENPH) Asset Utilization Ratio (2012 - 2026)
Enphase Energy's Asset Utilization Ratio came in at 0.42 for Q3 2026, down 10.2% from 0.47 a year earlier and down 11.2% from the prior quarter.
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Analysis
Enphase Energy (ENPH) Asset Utilization Ratio (2012 - 2026) Analysis & Trends
For FY2025, Enphase Energy's Asset Utilization Ratio was 0.44, up 8.6% from FY2024.
- Going back by year, Asset Utilization Ratio was 0.40 in FY2024 (-43.4%), 0.71 in FY2023 (-21.5%), 0.90 in FY2022 (+7.1%) and 0.84 in FY2021 (+4.1%).
- The Q3 2026 figure represents the lowest quarterly Asset Utilization Ratio since Q4 2024.
- Year-over-year, Asset Utilization Ratio increased in four of the last eight quarters, with an average decline of 4.5%.
- The fastest year-over-year change in Asset Utilization Ratio over five years came in Q2 2022 (growth of 49.5%), and the weakest in Q3 2024 (a decline of 49.7%).
- Business Quant data shows ENPH's Asset Utilization Ratio at 0.47 (Q2 2026), 0.45 (Q1 2026) and 0.43 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn | 0.53 |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn | 0.63 |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn | 0.37 |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn | 0.86 |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 0.78 |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn | 0.78 |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn | 0.59 |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn | 0.95 |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn | 0.31 |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn | 0.42 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.42 |
| Jun 30, 2026 | 0.47 |
| Mar 31, 2026 | 0.45 |
| Dec 31, 2025 | 0.43 |
| Sep 30, 2025 | 0.47 |
| Jun 30, 2025 | 0.47 |
| Mar 31, 2025 | 0.45 |
| Dec 31, 2024 | 0.41 |
| Sep 30, 2024 | 0.39 |
| Jun 30, 2024 | 0.44 |
| Mar 31, 2024 | 0.55 |
| Dec 31, 2023 | 0.66 |
| Sep 30, 2023 | 0.77 |
| Jun 30, 2023 | 0.82 |
| Mar 31, 2023 | 0.81 |
| Dec 31, 2022 | 0.81 |
| Sep 30, 2022 | 0.79 |
| Jun 30, 2022 | 0.74 |
| Mar 31, 2022 | 0.70 |
| Dec 31, 2021 | 0.64 |
API Access
Enphase Energy Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "ENPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();