Enphase Energy (ENPH) EBIT Margin (2011 - 2026)
Enphase Energy's quarterly EBIT Margin came in at 10.48% in Q1 2026, down 1944.0% year-on-year from 0.57% in Q1 2025, and down 260.33% quarter-over-quarter from 6.54% in Q4 2025.
Enphase Energy has reported EBIT Margin for 16 years, with the latest figure at 10.48% in Q1 2026.
- For the quarter ending Q1 2026, EBIT Margin fell 1944.0% year-over-year to 10.48%; the trailing twelve-month figure through Mar 2026 stood at 6.86% (down 286.0% YoY), and the FY2025 full-year result was 10.69%, up 488.0% from the prior year.
- EBIT Margin for Q1 2026 stood at 10.48%, down from 6.54% in the prior quarter.
- The five-year high for EBIT Margin was 23.95% in Q2 2023, with the low at 11.05% in Q1 2024.
- Average EBIT Margin over 5 years is 11.06%, with a median of 14.01% recorded in 2022.
- Year-over-year, EBIT Margin slumped 3414 bps in 2024 and surged 2001 bps in 2025.
- Tracing ENPH's EBIT Margin over 5 years: stood at 21.66% in 2022, then slumped by 116 bps to 3.38% in 2023, then soared by 523 bps to 14.32% in 2024, then slumped by 54 bps to 6.54% in 2025, then slumped by 260 bps to 10.48% in 2026.
- The last three EBIT Margin figures came in at 10.48% (Q1 2026), 6.54% (Q4 2025), and 16.12% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 33.07% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 17.44% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -5.26% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -10.48% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -17.73% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -6.02% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 5.49% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 3.18% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -4.78% |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -9.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -10.48% |
| Dec 31, 2025 | 6.54% |
| Sep 30, 2025 | 16.12% |
| Jun 30, 2025 | 10.19% |
| Mar 31, 2025 | 8.96% |
| Dec 31, 2024 | 14.32% |
| Sep 30, 2024 | 13.07% |
| Jun 30, 2024 | 0.59% |
| Mar 31, 2024 | -11.05% |
| Dec 31, 2023 | -3.38% |
| Sep 30, 2023 | 21.41% |
| Jun 30, 2023 | 23.95% |
| Mar 31, 2023 | 23.09% |
| Dec 31, 2022 | 21.66% |
| Sep 30, 2022 | 21.34% |
| Jun 30, 2022 | 17.74% |
| Mar 31, 2022 | 14.01% |
| Dec 31, 2021 | 13.98% |
| Sep 30, 2021 | 10.63% |
| Jun 30, 2021 | 18.79% |
| Mar 31, 2021 | 20.34% |
| Dec 31, 2020 | 29.87% |
| Sep 30, 2020 | 29.00% |
| Jun 30, 2020 | 8.65% |
| Mar 31, 2020 | 21.75% |
| Dec 31, 2019 | 21.16% |
| Sep 30, 2019 | 18.72% |
| Jun 30, 2019 | 13.01% |
| Mar 31, 2019 | 7.12% |
| Dec 31, 2018 | 5.42% |
| Sep 30, 2018 | -0.48% |
| Jun 30, 2018 | -0.74% |
| Mar 31, 2018 | -3.54% |
| Dec 31, 2017 | -2.68% |
| Sep 30, 2017 | -7.66% |
| Jun 30, 2017 | -12.38% |
| Mar 31, 2017 | -40.36% |
| Dec 31, 2016 | -11.14% |
| Sep 30, 2016 | -19.99% |
| Jun 30, 2016 | -19.94% |
| Mar 31, 2016 | -29.77% |
| Dec 31, 2015 | -23.12% |
| Sep 30, 2015 | 1.73% |
| Jun 30, 2015 | -0.36% |
| Mar 31, 2015 | -6.40% |
| Dec 31, 2014 | 1.85% |
| Sep 30, 2014 | 1.91% |
| Jun 30, 2014 | -3.03% |
| Mar 31, 2014 | -10.05% |
| Dec 31, 2013 | -2.40% |
| Sep 30, 2013 | -8.61% |
| Jun 30, 2013 | -9.44% |
| Mar 31, 2013 | -21.31% |
| Dec 31, 2012 | -10.73% |
| Sep 30, 2012 | -13.48% |
| Jun 30, 2012 | -13.47% |
| Mar 31, 2012 | -21.78% |
| Dec 31, 2011 | -6.70% |
| Sep 30, 2011 | -14.39% |
| Jun 30, 2011 | -32.07% |
| Mar 31, 2011 | -49.57% |