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
DateValue
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