Enphase Energy (ENPH) EBT Margin (2011 - 2026)

Enphase Energy's (ENPH) quarterly EBT Margin came in at 4.91% in Q1 2026, down 1808.0% year-on-year from 0.29% in Q1 2025, and down 143.57% quarter-over-quarter from 11.28% in Q4 2025.

Enphase Energy (ENPH) EBT Margin (2011 - 2026) Analysis & Trends

Enphase Energy's EBT Margin history runs 16 years deep, the most recent figure standing at 4.91% for Q1 2026.

  • On a quarterly basis, EBT Margin fell 1808.0% year-over-year to 4.91% in Q1 2026; TTM through Mar 2026 was 10.29%, a 226.0% decrease from a year earlier, with the FY2025 full-year figure at 13.9%, up 487.0% from the prior year.
  • EBT Margin retreated to 4.91% in Q1 2026 per ENPH's latest filing, from 11.28% in the prior quarter.
  • Across five years, EBT Margin topped out at 25.96% in Q2 2023 and bottomed at 4.91% in Q1 2026.
  • The 5-year median for EBT Margin is 13.32% (2024), against an average of 13.83%.
  • Across the five-year window, EBT Margin slumped 2902 bps in 2024 and jumped 1754 bps in 2025, its largest moves.
  • Year by year, EBT Margin stood at 23.21% in 2022, then slumped by 83 bps to 4.04% in 2023, then surged by 351 bps to 18.21% in 2024, then plunged by 38 bps to 11.28% in 2025, then slumped by 144 bps to 4.91% in 2026.
  • Per Business Quant, the three latest ENPH EBT Margin figures stand at 4.91% (Q1 2026), 11.28% (Q4 2025), and 18.76% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 33.93%
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 18.13%
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn -4.91%
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -9.84%
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -18.06%
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -40.19%
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn -0.27%
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn -9.74%
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 1.85%
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 23.78%

Historic Data

Download Data
DateValue
Mar 31, 2026 -4.91%
Dec 31, 2025 11.28%
Sep 30, 2025 18.76%
Jun 30, 2025 11.62%
Mar 31, 2025 13.17%
Dec 31, 2024 18.21%
Sep 30, 2024 13.32%
Jun 30, 2024 3.69%
Mar 31, 2024 -4.37%
Dec 31, 2023 4.04%
Sep 30, 2023 24.91%
Jun 30, 2023 25.96%
Mar 31, 2023 24.65%
Dec 31, 2022 23.21%
Sep 30, 2022 21.16%
Jun 30, 2022 17.39%
Mar 31, 2022 13.01%
Dec 31, 2021 12.24%
Sep 30, 2021 7.31%
Jun 30, 2021 14.66%