Enphase Energy (ENPH) Asset Utilization Ratio (2012 - 2026)
Enphase Energy's quarterly Asset Utilization Ratio came in at 0.45 in Q1 2026, little changed year-on-year from 0.45 in Q1 2025, and up 4.13% quarter-over-quarter from 0.43 in Q4 2025.
Enphase Energy has reported Asset Utilization Ratio for 15 years, with the latest figure at 0.45 in Q1 2026.
- For the quarter ending Q1 2026, Asset Utilization Ratio changed 0.29% year-over-year to 0.45; the trailing twelve-month figure through Mar 2026 stood at 0.45 (changed 0.29% YoY), and the FY2025 full-year result was 0.44, up 8.64% from the prior year.
- Asset Utilization Ratio for Q1 2026 stood at 0.45, up from 0.43 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 0.6, with a median of 0.55 recorded in 2024.
- Year-over-year, Asset Utilization Ratio surged 49.46% in 2022 and sank 49.69% in 2024.
- Tracing ENPH's Asset Utilization Ratio over 5 years: 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 advanced by 4.13% to 0.45 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.45 (Q1 2026), 0.43 (Q4 2025), and 0.47 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 0.41 |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 0.90 |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 0.74 |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 0.45 |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 0.52 |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 0.14 |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 0.55 |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 0.82 |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 0.51 |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 1.44 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 0.49 |
| Mar 31, 2021 | 0.51 |
| Dec 31, 2020 | 0.68 |
| Sep 30, 2020 | 0.69 |
| Jun 30, 2020 | 0.71 |
| Mar 31, 2020 | 0.84 |
| Jun 30, 2019 | 1.01 |
| Mar 31, 2019 | 1.05 |
| Dec 31, 2018 | 0.95 |
| Sep 30, 2018 | 1.11 |
| Jun 30, 2018 | 1.41 |
| Mar 31, 2018 | 1.58 |
| Dec 31, 2017 | 1.65 |
| Sep 30, 2017 | 1.74 |
| Jun 30, 2017 | 1.86 |
| Mar 31, 2017 | 1.89 |
| Dec 31, 2016 | 1.90 |
| Sep 30, 2016 | 1.81 |
| Jun 30, 2016 | 2.01 |
| Mar 31, 2016 | 2.07 |
| Dec 31, 2015 | 2.05 |
| Sep 30, 2015 | 2.18 |
| Jun 30, 2015 | 2.35 |
| Mar 31, 2015 | 2.44 |
| Dec 31, 2014 | 2.32 |
| Sep 30, 2014 | 2.21 |
| Jun 30, 2014 | 2.19 |
| Mar 31, 2014 | 2.13 |
| Dec 31, 2013 | 1.97 |
| Sep 30, 2013 | 1.91 |
| Jun 30, 2013 | 1.96 |
| Mar 31, 2013 | 1.87 |
| Mar 31, 2012 | 1.66 |