Enphase Energy (ENPH) FCF Margin (2011 - 2026)

Enphase Energy's FCF Margin history runs 16 years deep, the most recent figure standing at 32.11% for Q1 2026.

• In Q1 2026, FCF Margin rose 1969.0% year-over-year to 32.11%; the TTM figure through Mar 2026 stood at 10.18% (down 2372.0% YoY), while the FY2025 annual figure was 6.51%, down 2958.0% from the prior year.
• FCF Margin was 32.11% for Q1 2026 at Enphase Energy, up from 3.46% in the prior quarter.
• In the past five years, FCF Margin ranged from a high of 44.48% in Q3 2024 to a low of 19.42% in Q4 2023.
• Historically, FCF Margin has averaged 23.13% across 5 years, with a median of 29.21% in 2022.
• The sharpest annual moves came in 2023 and 2024: FCF Margin tumbled 4877 bps in 2023, then surged 5585 bps in 2024.
• A 5-year view of FCF Margin shows it stood at 29.34% in 2022, then tumbled by 166 bps to 19.42% in 2023, then soared by 288 bps to 36.43% in 2024, then sank by 90 bps to 3.46% in 2025, then jumped by 827 bps to 32.11% in 2026.
• The last three FCF Margin figures came in at 32.11% (Q1 2026), 3.46% (Q4 2025), and 3.3% (Q3 2025), per Business Quant data.