Enphase Energy (ENPH) EV to EBITDA (2014 - 2026)
Enphase Energy's EV to EBITDA was 28.98 in Q2 2026, up 101.7% from 14.37 a year earlier and up 27.0% from the prior quarter.
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Analysis
Enphase Energy (ENPH) EV to EBITDA (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Enphase Energy's EV to EBITDA was 8.57 through Jun 30, 2026; for FY2025, it came in at 11.29, down 76.0% from FY2024.
- In earlier years, EV to EBITDA was 47.10 in FY2024 (+51.0%), 31.20 in FY2023 (-54.2%), 68.12 in FY2022 (-28.4%) and 95.18 in FY2021 (-11.3%).
- The Q2 2026 figure marks the highest quarterly EV to EBITDA since Q1 2025.
- Compared with a year earlier, EV to EBITDA was higher in three of the last eight quarters, with growth averaging 52.3%.
- The best year-over-year quarter for EV to EBITDA over five years was Q3 2024 (growth of 572.1%); the worst was Q3 2025 (a decline of 91.9%).
- Per Business Quant data, ENPH's EV to EBITDA in the three quarters before Q2 2026 was 22.83 (Q1 2026), 11.29 (Q4 2025) and 11.64 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 238.25 Bn | 198.17 Bn | 2.36 Bn |
| 2 | Bloom Energy | 64.00 Bn | 55.79 Bn | 355.57 Mn |
| 3 | First Solar | 18.75 Bn | 9.70 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.32 Bn | 10.62 Bn | 202.31 Mn |
| 5 | Nextpower | 11.91 Bn | 7.80 Bn | 335.85 Mn |
| 6 | Generac Holdings | 11.42 Bn | 10.25 Bn | 521.81 Mn |
| 7 | EnerSys | 6.22 Bn | 4.41 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.25 Bn | -607.94 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.72 Bn | 1.56 Bn | 133.10 Mn |
| 10 | QuantumScape | 2.46 Bn | -1.28 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.59 |
| Mar 31, 2026 | 22.43 |
| Dec 31, 2025 | 11.09 |
| Sep 30, 2025 | 11.41 |
| Jun 30, 2025 | 13.99 |
| Mar 31, 2025 | 29.31 |
| Dec 31, 2024 | 44.67 |
| Sep 30, 2024 | 131.83 |
| Jun 30, 2024 | 69.77 |
| Mar 31, 2024 | 44.15 |
| Dec 31, 2023 | 30.71 |
| Sep 30, 2023 | 21.15 |
| Jun 30, 2023 | 29.81 |
| Mar 31, 2023 | 43.35 |
| Dec 31, 2022 | 67.04 |
| Sep 30, 2022 | 86.42 |
| Jun 30, 2022 | 77.36 |
| Mar 31, 2022 | 88.75 |
| Dec 31, 2021 | 80.66 |
| Sep 30, 2021 | 62.51 |
API Access
Enphase Energy EV to EBITDA 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=ev-to-ebitda&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();