Enphase Energy (ENPH) EBITDA Margin (2011 - 2026)
Enphase Energy's EBITDA Margin came in at 24.57% for Q2 2026, up 8.85 percentage points from 15.72% a year earlier and up 27.69 percentage points from the prior quarter.
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Analysis
Enphase Energy (ENPH) EBITDA Margin (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Enphase Energy reported EBITDA Margin of 14.46%, down 2.69 percentage points year-over-year; for FY2025, it was 16.17%, up 4.24 percentage points from FY2024.
- EBITDA Margin carries a five-year change of -10.24 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 11.93% in FY2024 (-10.79 pp), 22.72% in FY2023 (+0.97 pp), 21.75% in FY2022 (+3.90 pp) and 17.85% in FY2021 (-8.56 pp).
- The Q2 2026 figure represents the highest quarterly EBITDA Margin since Q3 2023.
- Year-over-year, EBITDA Margin increased in five of the last eight quarters, with an average year-over-year change of +2.82 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in Q1 2025 (a gain of 17.96 percentage points), and the weakest in Q1 2024 (a drop of 28.78 percentage points).
- Business Quant data shows ENPH's EBITDA Margin at -3.12% (Q1 2026), 12.49% (Q4 2025) and 21.05% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 238.25 Bn | 198.17 Bn | 2.36 Bn | 9.65% |
| 2 | Bloom Energy | 64.00 Bn | 55.79 Bn | 355.57 Mn | 18.71% |
| 3 | First Solar | 18.75 Bn | 9.70 Bn | 605.00 Mn | 56.64% |
| 4 | BWX Technologies | 12.32 Bn | 10.62 Bn | 202.31 Mn | 16.14% |
| 5 | Nextpower | 11.91 Bn | 7.80 Bn | 335.85 Mn | 21.35% |
| 6 | Generac Holdings | 11.42 Bn | 10.25 Bn | 521.81 Mn | 25.58% |
| 7 | EnerSys | 6.22 Bn | 4.41 Bn | 313.36 Mn | 19.49% |
| 8 | Enphase Energy | 4.25 Bn | -607.94 Mn | 175.01 Mn | 24.68% |
| 9 | Mirion Technologies | 3.72 Bn | 1.56 Bn | 133.10 Mn | 21.74% |
| 10 | QuantumScape | 2.46 Bn | -1.28 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.68% |
| Mar 31, 2026 | -2.90% |
| Dec 31, 2025 | 12.73% |
| Sep 30, 2025 | 21.25% |
| Jun 30, 2025 | 15.95% |
| Mar 31, 2025 | 15.03% |
| Dec 31, 2024 | 20.29% |
| Sep 30, 2024 | 18.92% |
| Jun 30, 2024 | 8.05% |
| Mar 31, 2024 | -2.59% |
| Dec 31, 2023 | 4.21% |
| Sep 30, 2023 | 25.32% |
| Jun 30, 2023 | 26.75% |
| Mar 31, 2023 | 25.66% |
| Dec 31, 2022 | 24.16% |
| Sep 30, 2022 | 23.97% |
| Jun 30, 2022 | 20.76% |
| Mar 31, 2022 | 17.65% |
| Dec 31, 2021 | 19.29% |
| Sep 30, 2021 | 16.51% |
API Access
Enphase Energy EBITDA 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=ebitda-margin&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-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=ebitda-margin&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();