Enphase Energy (ENPH) EBIT Margin (2011 - 2026)
Enphase Energy (ENPH) reported EBIT Margin of 2.20% for Q3 2026, down 13.92 percentage points from 16.12% a year earlier and down 15.45 percentage points from the prior quarter.
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Analysis
Enphase Energy (ENPH) EBIT Margin (2011 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Enphase Energy's EBIT Margin came in at 4.19%, down 8.36 percentage points year-over-year; for FY2025, it came in at 10.69%, up 4.88 percentage points from FY2024.
- EBIT Margin has a five-year change of -13.38 percentage points (FY2020 to FY2025).
- By year, EBIT Margin came in at 5.81% in FY2024 (-13.65 pp), 19.46% in FY2023 (+0.23 pp), 19.23% in FY2022 (+3.61 pp) and 15.62% in FY2021 (-8.46 pp).
- Five-year quarterly EBIT Margin spans a low of -11.05% in Q1 2024 and a high of 23.95% in Q2 2023.
- Year over year, EBIT Margin gained in five of the last eight quarters, with an average year-over-year change of +2.09 percentage points.
- The high point for year-over-year EBIT Margin in five years was Q1 2025 (a gain of 20.01 percentage points); the low point was Q1 2024 (a drop of 34.14 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 17.65% (Q2 2026), -10.48% (Q1 2026) and 6.54% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn | 11.03% |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn | 18.24% |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn | 44.37% |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn | 18.71% |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 13.86% |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn | 12.40% |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn | 16.58% |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn | 16.18% |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn | 6.19% |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn | 2.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.20% |
| Jun 30, 2026 | 17.65% |
| 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% |
API Access
Enphase Energy EBIT Margin 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=ebit-margin&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "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=ebit-margin&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();