Enphase Energy (ENPH) EV to FCF (2014 - 2026)
Enphase Energy's EV to FCF came in at 36.48 for Q2 2026, up 272.5% from 9.79 a year earlier and up 30.6% from the prior quarter.
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Analysis
Enphase Energy (ENPH) EV to FCF (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Enphase Energy reported EV to FCF of 10.79; for FY2025, it came in at 28.03, up 80.1% from FY2024.
- Going back by year, EV to FCF was 15.57 in FY2024 (-43.8%), 27.69 in FY2023 (-44.0%), 49.46 in FY2022 (-36.9%) and 78.32 in FY2021 (-30.1%).
- The Q2 2026 figure represents the highest quarterly EV to FCF since Q3 2024.
- Year-over-year, EV to FCF has increased for three consecutive quarters, with growth averaging 40.9% over the last eight quarters.
- The fastest year-over-year change in EV to FCF over five years came in Q2 2026 (growth of 272.5%), and the weakest in Q2 2025 (a decline of 75.5%).
- Business Quant data shows ENPH's EV to FCF at 27.93 (Q1 2026), 28.03 (Q4 2025) and 14.51 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn |
| 10 | Nuscale Power | 3.24 Bn | 3.19 Bn | -152,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.48 |
| Mar 31, 2026 | 27.93 |
| Dec 31, 2025 | 28.03 |
| Sep 30, 2025 | 14.51 |
| Jun 30, 2025 | 9.79 |
| Mar 31, 2025 | 14.14 |
| Dec 31, 2024 | 15.57 |
| Sep 30, 2024 | 40.15 |
| Jun 30, 2024 | 39.96 |
| Mar 31, 2024 | 36.65 |
| Dec 31, 2023 | 27.69 |
| Sep 30, 2023 | 18.09 |
| Jun 30, 2023 | 24.24 |
| Mar 31, 2023 | 32.49 |
| Dec 31, 2022 | 49.46 |
| Sep 30, 2022 | 66.56 |
| Jun 30, 2022 | 53.98 |
| Mar 31, 2022 | 80.78 |
| Dec 31, 2021 | 78.32 |
| Sep 30, 2021 | 64.67 |
API Access
Enphase Energy EV to FCF 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-fcf&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();