Enphase Energy (ENPH) EBT Margin (2011 - 2026)
Enphase Energy (ENPH) posted EBT Margin of 21.21% for Q2 2026, up 9.59 percentage points from 11.62% a year earlier and up 26.12 percentage points from the prior quarter.
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Analysis
Enphase Energy (ENPH) EBT Margin (2011 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBT Margin at Enphase Energy was 12.32%, down 1.81 percentage points year-over-year; for FY2025, it came in at 13.90%, up 4.87 percentage points from FY2024.
- Annual EBT Margin shows a five-year change of -1.51 percentage points (FY2020 to FY2025).
- In prior years, Enphase Energy's EBT Margin was 9.03% in FY2024 (-13.37 pp), 22.40% in FY2023 (+3.01 pp), 19.39% in FY2022 (+10.64 pp) and 8.75% in FY2021 (-6.67 pp).
- The Q2 2026 figure stands as the highest quarterly EBT Margin since Q3 2023.
- On a year-over-year basis, EBT Margin increased in five of the last eight quarters, with an average year-over-year change of +2.25 percentage points.
- The strongest year-over-year quarter for EBT Margin in the past five years was Q1 2025, with a gain of 17.54 percentage points; the weakest was Q1 2024, with a drop of 29.02 percentage points.
- According to Business Quant data, EBT Margin for the three prior quarters was -4.91% (Q1 2026), 11.27% (Q4 2025) and 18.77% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 8.33% |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 18.80% |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | 43.49% |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 12.60% |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 16.17% |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | 21.27% |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | 14.43% |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 21.21% |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 4.24% |
| 10 | Nuscale Power | 3.25 Bn | 3.20 Bn | -152,000.00 | -66,750.67% |
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% |
API Access
Enphase Energy EBT 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=ebt-margin&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();