Enphase Energy (ENPH) EV to EBITDA (2014 - 2026)
Enphase Energy's EV to EBITDA was 25.53 in Q3 2026, up 123.8% from 11.41 a year earlier but down 10.7% 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 0.38 through Sep 30, 2026; for FY2025, it came in at 11.09, down 75.2% from FY2024.
- In earlier years, EV to EBITDA was 44.67 in FY2024 (+45.5%), 30.71 in FY2023 (-54.2%), 67.04 in FY2022 (-16.9%) and 80.66 in FY2021 (-17.9%).
- Quarterly EV to EBITDA has moved between 11.09 (Q4 2025) and 131.83 (Q3 2024) over five years.
- Compared with a year earlier, EV to EBITDA was higher in three of the last eight quarters, with an average decline of 3.7%.
- The best year-over-year quarter for EV to EBITDA over five years was Q3 2024 (growth of 523.3%); the worst was Q3 2025 (a decline of 91.3%).
- Per Business Quant data, ENPH's EV to EBITDA in the three quarters before Q3 2026 was 28.59 (Q2 2026), 22.43 (Q1 2026) and 11.09 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.53 |
| 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 |
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();