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| Date | Value |
|---|---|
| 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% |