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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Enphase Energy (ENPH) Gross Margin (2016 - 2025)

Enphase Energy has reported Gross Margin over the past 15 years, most recently at 44.28% for Q4 2025.

  • Quarterly results put Gross Margin at 44.28% for Q4 2025, down 753.0% from a year ago — trailing twelve months through Dec 2025 was 46.64% (down 65.0% YoY), and the annual figure for FY2025 was 46.64%, down 65.0%.
  • Gross Margin for Q4 2025 was 44.28% at Enphase Energy, down from 47.81% in the prior quarter.
  • Over the last five years, Gross Margin for ENPH hit a ceiling of 51.81% in Q4 2024 and a floor of 39.57% in Q4 2021.
  • Median Gross Margin over the past 5 years was 44.62% (2023), compared with a mean of 44.38%.
  • Biggest five-year swings in Gross Margin: plummeted -1328bps in 2021 and later skyrocketed 560bps in 2023.
  • Enphase Energy's Gross Margin stood at 39.57% in 2021, then increased by 8bps to 42.88% in 2022, then rose by 13bps to 48.47% in 2023, then grew by 7bps to 51.81% in 2024, then dropped by -15bps to 44.28% in 2025.
  • The last three reported values for Gross Margin were 44.28% (Q4 2025), 47.81% (Q3 2025), and 46.95% (Q2 2025) per Business Quant data.