Enphase Energy (ENPH) EBT Margin (2011 - 2026)
Enphase Energy (ENPH) posted quarterly EBT Margin of 21.21% for Q2 2026, up 959.0% year-over-year from 2.0% in Q2 2025, and up 531.66% quarter-over-quarter from 4.91% in Q1 2026.
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 21.21% for Q2 2026.
- In Q2 2026, EBT Margin rose 959.0% year-over-year to 21.21%; the TTM figure through Jun 2026 stood at 12.32% (down 181.0% YoY), while the FY2025 annual figure was 13.9%, up 487.0% from the prior year.
- EBT Margin for Q2 2026 stood at 21.21%, 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.
- The 5-year median for EBT Margin is 15.36% (2022), against an average of 14.24%.
- The sharpest annual moves came in 2024 and 2025: EBT Margin sank 2902 bps in 2024, then jumped 1754 bps in 2025.
- Enphase Energy's EBT Margin stood at 23.2% in 2022, then slumped by 83 bps to 4.04% in 2023, then jumped by 350 bps to 18.2% in 2024, then slumped by 38 bps to 11.27% in 2025, then surged by 88 bps to 21.21% in 2026.
- Business Quant data shows ENPH's EBT Margin at 21.21% in Q2 2026, 4.91% in Q1 2026, and 11.27% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 43.49% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 21.27% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 21.21% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | -24.38% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -8.21% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 9.49% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | -9.74% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -9.84% |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 9.27% |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 23.78% |
Historic Data
Download 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% |