Enphase Energy (ENPH) FCF Margin (2011 - 2026)
Enphase Energy's quarterly FCF Margin came in at 32.11% in Q1 2026, up 1969.0% year-on-year from 1.55% in Q1 2025, and up 826.89% quarter-over-quarter from 3.46% in Q4 2025.
Enphase Energy has reported FCF Margin for 16 years, with the latest figure at 32.11% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 1969.0% year-over-year to 32.11%; the trailing twelve-month figure through Mar 2026 stood at 10.18% (down 2372.0% YoY), and the FY2025 full-year result was 6.51%, down 2958.0% from the prior year.
- FCF Margin for Q1 2026 stood at 32.11%, up from 3.46% in the prior quarter.
- The five-year high for FCF Margin was 44.48% in Q3 2024, with the low at 19.42% in Q4 2023.
- Average FCF Margin over 5 years is 23.13%, with a median of 29.21% recorded in 2022.
- Year-over-year, FCF Margin tumbled 4877 bps in 2023 and jumped 5585 bps in 2024.
- Tracing ENPH's FCF Margin over 5 years: stood at 29.34% in 2022, then slumped by 166 bps to 19.42% in 2023, then jumped by 288 bps to 36.43% in 2024, then plunged by 90 bps to 3.46% in 2025, then surged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | -31.93% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 14.00% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 16.54% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 32.11% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -0.56% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 1.41% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | -29.72% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -16.53% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | - |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -37.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.11% |
| Dec 31, 2025 | 3.46% |
| Sep 30, 2025 | 3.30% |
| Jun 30, 2025 | 7.24% |
| Mar 31, 2025 | 12.41% |
| Dec 31, 2024 | 36.43% |
| Sep 30, 2024 | 44.48% |
| Jun 30, 2024 | 42.65% |
| Mar 31, 2024 | 15.88% |
| Dec 31, 2023 | -19.42% |
| Sep 30, 2023 | 25.04% |
| Jun 30, 2023 | 38.07% |
| Mar 31, 2023 | 32.56% |
| Dec 31, 2022 | 29.34% |
| Sep 30, 2022 | 29.21% |
| Jun 30, 2022 | 38.14% |
| Mar 31, 2022 | 22.23% |
| Dec 31, 2021 | 23.39% |
| Sep 30, 2021 | 37.79% |
| Jun 30, 2021 | 14.74% |
| Mar 31, 2021 | 22.71% |
| Dec 31, 2020 | 31.22% |
| Sep 30, 2020 | 37.54% |
| Jun 30, 2020 | 21.63% |
| Mar 31, 2020 | 17.45% |
| Dec 31, 2019 | 42.09% |
| Sep 30, 2019 | 4.00% |
| Jun 30, 2019 | 9.14% |
| Mar 31, 2019 | 16.38% |
| Dec 31, 2018 | 1.20% |
| Sep 30, 2018 | 10.47% |
| Jun 30, 2018 | 4.81% |
| Mar 31, 2018 | 3.31% |
| Dec 31, 2017 | 1.44% |
| Sep 30, 2017 | -7.14% |
| Jun 30, 2017 | 4.47% |
| Mar 31, 2017 | -51.10% |
| Dec 31, 2016 | -5.02% |
| Sep 30, 2016 | -22.75% |
| Jun 30, 2016 | 12.21% |
| Mar 31, 2016 | -29.00% |
| Dec 31, 2015 | 10.69% |
| Sep 30, 2015 | -4.87% |
| Jun 30, 2015 | -9.57% |
| Mar 31, 2015 | -17.44% |
| Dec 31, 2014 | 16.04% |
| Sep 30, 2014 | 2.07% |
| Jun 30, 2014 | 1.65% |
| Mar 31, 2014 | 3.66% |
| Dec 31, 2013 | 9.26% |
| Sep 30, 2013 | -8.17% |
| Jun 30, 2013 | -1.38% |
| Mar 31, 2013 | -16.37% |
| Dec 31, 2012 | 31.11% |
| Sep 30, 2012 | -48.99% |
| Jun 30, 2012 | -26.68% |
| Mar 31, 2012 | -43.84% |
| Dec 31, 2011 | -22.65% |
| Sep 30, 2011 | -2.34% |
| Jun 30, 2011 | 2.50% |
| Mar 31, 2011 | -57.67% |