Enphase Energy (ENPH) Equity Ratio (2011 - 2026)

Enphase Energy (ENPH) recorded quarterly Equity Ratio of 0.4 in Q1 2026, up 30.67% quarter-over-quarter from 0.31 in Q4 2025, and up 55.05% on a YoY basis from 0.26 in Q1 2025.

Enphase Energy (ENPH) Equity Ratio (2011 - 2026) Analysis & Trends

Enphase Energy's Equity Ratio history runs 16 years deep, the most recent figure standing at 0.4 for Q1 2026.

  • In Q1 2026, Equity Ratio rose 55.05% year-over-year to 0.4; the TTM figure through Mar 2026 stood at 0.4 (up 55.05% YoY), while the FY2025 annual figure was 0.31, up 20.82% from the prior year.
  • Equity Ratio was 0.4 for Q1 2026 at Enphase Energy, up from 0.31 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.4 in Q1 2026 to a low of 0.1 in Q2 2022.
  • Historically, Equity Ratio has averaged 0.18 across 5 years, with a median of 0.26 in 2025.
  • The sharpest annual moves came in 2022 and 2025: Equity Ratio sank 11355.03% in 2022, then soared 12558.55% in 2025.
  • A 5-year view of Equity Ratio shows it stood at 0.27 in 2022, then gained by 8.62% to 0.29 in 2023, then retreated by 11.84% to 0.26 in 2024, then gained by 20.82% to 0.31 in 2025, then jumped by 30.67% to 0.4 in 2026.
  • The last three Equity Ratio figures came in at 0.4 (Q1 2026), 0.31 (Q4 2025), and 0.3 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 0.74
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 0.57
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 0.40
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 0.18
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 0.15
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 0.58
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn -0.15
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 0.55
10 Skycorp Solar 110.38 Mn 103.60 Mn - 0.49

Historic Data

Download Data
DateValue
Mar 31, 2026 0.40
Dec 31, 2025 0.31
Sep 30, 2025 0.30
Jun 30, 2025 0.00
Mar 31, 2025 0.26
Dec 31, 2024 0.26
Sep 30, 2024 0.29
Jun 30, 2024 0.00
Mar 31, 2024 0.00
Dec 31, 2023 0.29
Sep 30, 2023 0.29
Jun 30, 2023 0.05
Mar 31, 2023 0.05
Dec 31, 2022 0.27
Sep 30, 2022 0.23
Jun 30, 2022 -0.10
Dec 31, 2021 0.21
Sep 30, 2021 0.29
Jun 30, 2021 0.00
Mar 31, 2021 -0.01