Enphase Energy (ENPH) EBT Margin (2011 - 2026)
Enphase Energy (ENPH) posted EBT Margin of 21.21% for Q2 2026, up 531.66% on a QoQ basis from 4.91% in Q1 2026, and up 959.0% year-over-year from 2.0% in Q2 2025.
Powered by 
Analysis
Enphase Energy (ENPH) EBT Margin (2011 - 2026) Analysis & Trends
Enphase Energy has reported EBT Margin for 16 years, with the latest figure at 21.21% in Q2 2026.
- On a quarterly basis, EBT Margin rose 959.0% year-over-year to 21.21% in Q2 2026; TTM through Jun 2026 was 12.32%, a 181.0% decrease from a year earlier, with the FY2025 full-year figure at 13.9%, up 487.0% from the prior year.
- EBT Margin was 21.21% for Q2 2026 at Enphase Energy, up from 4.91% in the prior quarter.
- The five-year high for EBT Margin was 25.96% in Q2 2023, with the low at 4.91% in Q1 2026.
- Average EBT Margin over 5 years is 14.24%, with a median of 15.36% recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: EBT Margin sank 2902 bps in 2024, then soared 1754 bps in 2025.
- Over 5 years, EBT Margin stood at 23.2% in 2022, then slumped by 83 bps to 4.04% in 2023, then soared by 350 bps to 18.2% in 2024, then slumped by 38 bps to 11.27% in 2025, then jumped by 88 bps to 21.21% in 2026.
- The last three EBT Margin figures came in at 21.21% (Q2 2026), 4.91% (Q1 2026), and 11.27% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn | 43.49% |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn | 21.27% |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn | 21.21% |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn | -8.21% |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn | -14.45% |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn | 9.49% |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn | -5.58% |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn | 9.27% |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn | -10.51% |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn | 18.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.21% |
| Mar 31, 2026 | -4.91% |
| Dec 31, 2025 | 11.27% |
| Sep 30, 2025 | 18.77% |
| Jun 30, 2025 | 11.62% |
| Mar 31, 2025 | 13.17% |
| Dec 31, 2024 | 18.20% |
| Sep 30, 2024 | 13.32% |
| Jun 30, 2024 | 3.70% |
| Mar 31, 2024 | -4.37% |
| Dec 31, 2023 | 4.04% |
| Sep 30, 2023 | 24.92% |
| Jun 30, 2023 | 25.96% |
| Mar 31, 2023 | 24.66% |
| Dec 31, 2022 | 23.20% |
| 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% |