Enphase Energy (ENPH) EBITDA Margin (2011 - 2026)
Enphase Energy (ENPH) posted EBITDA Margin of 17.65% for Q2 2026, up 268.47% on a QoQ basis from 10.48% in Q1 2026, and up 746.0% year-over-year from 2.09% in Q2 2025.
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Enphase Energy (ENPH) EBITDA Margin (2011 - 2026) Analysis & Trends
Enphase Energy has reported EBITDA Margin for 16 years, with the latest figure at 17.65% in Q2 2026.
- On a quarterly basis, EBITDA Margin rose 746.0% year-over-year to 17.65% in Q2 2026; TTM through Jun 2026 was 8.32%, a 339.0% decrease from a year earlier, with the FY2025 full-year figure at 10.69%, up 488.0% from the prior year.
- EBITDA Margin was 17.65% for Q2 2026 at Enphase Energy, up from 10.48% in the prior quarter.
- The five-year high for EBITDA Margin was 23.95% in Q2 2023, with the low at 11.05% in Q1 2024.
- Average EBITDA Margin over 5 years is 11.43%, with a median of 14.16% recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin sank 3414 bps in 2024, then jumped 2001 bps in 2025.
- Over 5 years, EBITDA Margin 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 surged by 170 bps to 17.65% in 2026.
- The last three EBITDA Margin figures came in at 17.65% (Q2 2026), 10.48% (Q1 2026), and 6.54% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn | 42.64% |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn | 20.41% |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn | 17.65% |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn | -4.63% |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn | -9.11% |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn | 13.11% |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn | -5.88% |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn | 10.95% |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn | -11.58% |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn | 19.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 10.63% |