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.

• On a quarterly basis, FCF Margin rose 2261.0% year-over-year to 32.11% in Q1 2026; TTM through Mar 2026 was 10.92%, a 2386.0% decrease from a year earlier, with the FY2025 full-year figure at 6.51%, down 3126.0% from the prior year.
• FCF Margin grew to 32.11% in Q1 2026 per ENPH's latest filing, from 11.02% in the prior quarter.
• Across five years, FCF Margin topped out at 47.46% in Q4 2024 and bottomed at 3.03% in Q3 2025.
• The 5-year median for FCF Margin is 30.82% (2023), against an average of 26.3%.
• Across the five-year window, FCF Margin surged 3085 bps in 2024 and plunged 4546 bps in 2025, its largest moves.
• Year by year, FCF Margin stood at 36.75% in 2022, then gained by 4 bps to 38.22% in 2023, then rose by 24 bps to 47.46% in 2024, then sank by 77 bps to 11.02% in 2025, then jumped by 191 bps to 32.11% in 2026.
• Per Business Quant, the three latest ENPH FCF Margin figures stand at 32.11% (Q1 2026), 11.02% (Q4 2025), and 3.03% (Q3 2025).