Enphase Energy (ENPH) Asset Utilization Ratio (2012 - 2026)
Enphase Energy (ENPH) recorded quarterly Asset Utilization Ratio of 0.45 in Q1 2026, up 4.13% quarter-over-quarter from 0.43 in Q4 2025, and little changed on a YoY basis from 0.45 in Q1 2025.
Enphase Energy (ENPH) Asset Utilization Ratio (2012 - 2026) Analysis & Trends
Enphase Energy's Asset Utilization Ratio history runs 15 years deep, the most recent figure standing at 0.45 for Q1 2026.
- In Q1 2026, Asset Utilization Ratio changed 0.29% year-over-year to 0.45; the TTM figure through Mar 2026 stood at 0.45 (changed 0.29% YoY), while the FY2025 annual figure was 0.44, up 8.64% from the prior year.
- Asset Utilization Ratio was 0.45 for Q1 2026 at Enphase Energy, up from 0.43 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 0.82 in Q2 2023 to a low of 0.39 in Q3 2024.
- Historically, Asset Utilization Ratio has averaged 0.6 across 5 years, with a median of 0.55 in 2024.
- The sharpest annual moves came in 2022 and 2024: Asset Utilization Ratio soared 49.46% in 2022, then sank 49.69% in 2024.
- A 5-year view of Asset Utilization Ratio shows it stood at 0.81 in 2022, then declined by 18.08% to 0.66 in 2023, then slumped by 38.15% to 0.41 in 2024, then increased by 5.59% to 0.43 in 2025, then gained 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 | 28.68 Bn | 26.25 Bn | 486.13 Mn | 0.41 |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 0.90 |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 0.45 |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 0.52 |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 0.14 |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 0.55 |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 0.82 |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 0.51 |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 1.44 |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
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 |