Enphase Energy (ENPH) Asset Utilization Ratio (2012 - 2026)
Enphase Energy (ENPH) posted Asset Utilization Ratio of 0.47 for Q2 2026, up 4.84% on a QoQ basis from 0.45 in Q1 2026, and little changed year-over-year from 0.47 in Q2 2025.
Analysis
Enphase Energy (ENPH) Asset Utilization Ratio (2012 - 2026) Analysis & Trends
Enphase Energy has reported Asset Utilization Ratio for 15 years, with the latest figure at 0.47 in Q2 2026.
- On a quarterly basis, Asset Utilization Ratio changed 0.22% year-over-year to 0.47 in Q2 2026; TTM through Jun 2026 was 0.47, a 0.22% change from a year earlier, with the FY2025 full-year figure at 0.44, up 8.64% from the prior year.
- Asset Utilization Ratio was 0.47 for Q2 2026 at Enphase Energy, up from 0.45 in the prior quarter.
- The five-year high for Asset Utilization Ratio was 0.82 in Q2 2023, with the low at 0.39 in Q3 2024.
- Average Asset Utilization Ratio over 5 years is 0.59, with a median of 0.51 recorded in 2025.
- The sharpest annual moves came in 2022 and 2024: Asset Utilization Ratio jumped 49.46% in 2022, then plunged 49.69% in 2024.
- Over 5 years, Asset Utilization Ratio stood at 0.81 in 2022, then fell by 18.08% to 0.66 in 2023, then sank by 38.15% to 0.41 in 2024, then rose by 5.59% to 0.43 in 2025, then grew by 9.16% to 0.47 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.47 (Q2 2026), 0.45 (Q1 2026), and 0.43 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn | 0.40 |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn | 0.87 |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn | 0.47 |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn | 0.56 |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn | 0.67 |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn | 0.57 |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn | 0.32 |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn | 0.79 |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn | 0.47 |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn | 0.79 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 0.57 |