Enphase Energy (ENPH) EBITDA (2011 - 2026)
Enphase Energy's EBITDA came in at $26.9 million for Q3 2026, down 69.2% from $87.21 million a year earlier and down 62.7% from the prior quarter.
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Analysis
Enphase Energy (ENPH) EBITDA (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Enphase Energy reported EBITDA of $134.44 million, down 51.3% year-over-year; for FY2025, it came in at $242.34 million, up 44.8% from FY2024.
- EBITDA carries a five-year compound annual growth rate of 1.6% (FY2020 to FY2025).
- Going back by year, EBITDA was $167.33 million in FY2024 (-68.4%), $528.83 million in FY2023 (+2.6%), $515.2 million in FY2022 (+77.0%) and $291.07 million in FY2021 (+30.3%).
- The five-year range for quarterly EBITDA is -$8.2 million (Q1 2026) to $190.25 million (Q2 2023).
- Year-over-year, EBITDA increased in four of the last six quarters, with growth averaging 96.5%.
- The fastest year-over-year change in EBITDA over five years came in Q4 2024 (growth of 509.7%), and the weakest in Q4 2023 (a decline of 92.7%).
- Business Quant data shows ENPH's EBITDA at $72.04 million (Q2 2026), -$8.2 million (Q1 2026) and $43.69 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn | 1.83 Bn |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn | 242.43 Mn |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn | 694.14 Mn |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn | 222.47 Mn |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 165.59 Mn |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn | 247.04 Mn |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn | 232.70 Mn |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn | 182.39 Mn |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn | 56.80 Mn |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn | 26.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.90 Mn |
| Jun 30, 2026 | 72.04 Mn |
| Mar 31, 2026 | -8.20 Mn |
| Dec 31, 2025 | 43.69 Mn |
| Sep 30, 2025 | 87.21 Mn |
| Jun 30, 2025 | 57.92 Mn |
| Mar 31, 2025 | 53.52 Mn |
| Dec 31, 2024 | 77.66 Mn |
| Sep 30, 2024 | 72.06 Mn |
| Jun 30, 2024 | 24.44 Mn |
| Mar 31, 2024 | -6.83 Mn |
| Dec 31, 2023 | 12.74 Mn |
| Sep 30, 2023 | 139.55 Mn |
| Jun 30, 2023 | 190.25 Mn |
| Mar 31, 2023 | 186.29 Mn |
| Dec 31, 2022 | 175.05 Mn |
| Sep 30, 2022 | 152.17 Mn |
| Jun 30, 2022 | 110.08 Mn |
| Mar 31, 2022 | 77.91 Mn |
| Dec 31, 2021 | 79.63 Mn |
API Access
Enphase Energy EBITDA 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=ebitda&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();