Enphase Energy (ENPH) Change in Inventory (2011 - 2026)
Enphase Energy's Change in Inventory came in at -$41.32 million for Q3 2026, compared with $15.64 million a year earlier.
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Analysis
Enphase Energy (ENPH) Change in Inventory (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Enphase Energy reported Change in Inventory of $55.06 million, up 84.7% year-over-year; for FY2025, it came in at $123.04 million.
- Change in Inventory carries a five-year compound annual growth rate of 66.2% (FY2020 to FY2025).
- Going back by year, Change in Inventory was -$48.59 million in FY2024, $63.89 million in FY2023 (-15.1%), $75.27 million in FY2022 (+157.3%) and $29.26 million in FY2021 (+201.4%).
- The Q3 2026 figure represents the lowest quarterly Change in Inventory in data going back to Q1 2011.
- Business Quant data shows ENPH's Change in Inventory at -$5.68 million (Q2 2026), $2.65 million (Q1 2026) and $99.4 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 308.00 Mn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 170.40 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 43.04 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | - |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | - |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 55.12 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 104.90 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | -48.23 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 1.30 Mn |
| 10 | Enphase Energy | 3.45 Bn | -863.96 Mn | 127.12 Mn | -41.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -41.32 Mn |
| Jun 30, 2026 | -5.68 Mn |
| Mar 31, 2026 | 2.65 Mn |
| Dec 31, 2025 | 99.40 Mn |
| Sep 30, 2025 | 15.64 Mn |
| Jun 30, 2025 | 28.99 Mn |
| Mar 31, 2025 | -20.98 Mn |
| Dec 31, 2024 | 6.17 Mn |
| Sep 30, 2024 | -17.23 Mn |
| Jun 30, 2024 | -31.83 Mn |
| Mar 31, 2024 | -5.70 Mn |
| Dec 31, 2023 | 39.48 Mn |
| Sep 30, 2023 | 8.00 Mn |
| Jun 30, 2023 | 15.55 Mn |
| Mar 31, 2023 | 855,000.00 |
| Dec 31, 2022 | 3.22 Mn |
| Sep 30, 2022 | 16.19 Mn |
| Jun 30, 2022 | 33.83 Mn |
| Mar 31, 2022 | 22.04 Mn |
| Dec 31, 2021 | 5.62 Mn |
API Access
Enphase Energy Change in Inventory 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=change-in-inventory&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "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=change-in-inventory&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();