Enphase Energy (ENPH) Inventory Average (2012 - 2026)
Enphase Energy's (ENPH) quarterly Inventory Average came in at $289.4 million in Q1 2026, up 87.28% year-on-year from $154.5 million in Q1 2025, and up 21.41% quarter-over-quarter from $238.3 million in Q4 2025.
Enphase Energy (ENPH) Inventory Average (2012 - 2026) Analysis & Trends
Enphase Energy's Inventory Average history runs 15 years deep, the most recent figure standing at $289.4 million for Q1 2026.
- On a quarterly basis, Inventory Average rose 87.28% year-over-year to $289.4 million in Q1 2026; TTM through Mar 2026 was $289.4 million, a 87.28% increase from a year earlier, with the FY2025 full-year figure at $226.5 million, up 19.67% from the prior year.
- Inventory Average improved to $289.4 million in Q1 2026 per ENPH's latest filing, from $238.3 million in the prior quarter.
- Across five years, Inventory Average topped out at $289.4 million in Q1 2026 and bottomed at $85.4 million in Q1 2022.
- The 5-year median for Inventory Average is $161.9 million (2024), against an average of $171.3 million.
- Across the five-year window, Inventory Average soared 212.12% in 2022 and slipped 26.68% in 2025, its largest moves.
- Year by year, Inventory Average stood at $148.1 million in 2022, then jumped by 30.91% to $193.9 million in 2023, then declined by 16.47% to $161.9 million in 2024, then soared by 47.2% to $238.3 million in 2025, then advanced by 21.41% to $289.4 million in 2026.
- Per Business Quant, the three latest ENPH Inventory Average figures stand at $289.4 million (Q1 2026), $238.3 million (Q4 2025), and $180.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 815.31 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 268.78 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 289.37 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 2.30 Bn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 574.73 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 495.84 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 124.44 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 622.77 Bn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 159.17 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 97.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 289.37 Mn |
| Dec 31, 2025 | 238.35 Mn |
| Sep 30, 2025 | 180.83 Mn |
| Jun 30, 2025 | 158.52 Mn |
| Mar 31, 2025 | 154.51 Mn |
| Dec 31, 2024 | 161.92 Mn |
| Sep 30, 2024 | 167.45 Mn |
| Jun 30, 2024 | 191.98 Mn |
| Mar 31, 2024 | 210.74 Mn |
| Dec 31, 2023 | 193.85 Mn |
| Sep 30, 2023 | 170.11 Mn |
| Jun 30, 2023 | 158.34 Mn |
| Mar 31, 2023 | 150.14 Mn |
| Dec 31, 2022 | 148.08 Mn |
| Sep 30, 2022 | 138.36 Mn |
| Jun 30, 2022 | 113.35 Mn |
| Mar 31, 2022 | 85.42 Mn |
| Dec 31, 2021 | 69.90 Mn |
| Sep 30, 2021 | 51.58 Mn |
| Jun 30, 2021 | 36.32 Mn |