Enphase Energy (ENPH) Invested Capital (2011 - 2025)
Enphase Energy (ENPH) posted quarterly Invested Capital of $632.2 million for Q4 2025, up 524.13% year-over-year from $101.3 million in Q4 2024, and little changed quarter-over-quarter from $631.7 million in Q3 2025.
Enphase Energy (ENPH) Invested Capital (2011 - 2025) Analysis & Trends
Enphase Energy's Invested Capital history runs 15 years deep, the most recent figure standing at $632.2 million for Q4 2025.
- In Q4 2025, Invested Capital rose 524.13% year-over-year to $632.2 million; the TTM figure through Jun 2026 stood at $1.3 billion (down 13.62% YoY), while the FY2025 annual figure was $632.2 million, up 524.13% from the prior year.
- Invested Capital for Q4 2025 stood at $632.2 million, roughly flat from $631.7 million in the prior quarter.
- The five-year high for Invested Capital was $632.2 million in Q4 2025, with the low at $84.4 million in Q1 2021.
- The 5-year median for Invested Capital is $93.4 million (2023), against an average of $205.3 million.
- The sharpest annual moves came in 2021 and 2025: Invested Capital plunged 73.59% in 2021, then surged 548.42% in 2025.
- Enphase Energy's Invested Capital stood at $86.1 million in 2021, then increased by 5.57% to $90.9 million in 2022, then grew by 4.14% to $94.7 million in 2023, then climbed by 7.0% to $101.3 million in 2024, then jumped by 524.13% to $632.2 million in 2025.
- Business Quant data shows ENPH's Invested Capital at $632.2 million in Q4 2025, $631.7 million in Q3 2025, and $631.2 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 37.64 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | - |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 513.40 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 2.39 Bn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 10.98 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 2.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 632.18 Mn |
| Sep 30, 2025 | 631.68 Mn |
| Jun 30, 2025 | 631.18 Mn |
| Mar 31, 2025 | 630.68 Mn |
| Dec 31, 2024 | 101.29 Mn |
| Sep 30, 2024 | 99.93 Mn |
| Jun 30, 2024 | 98.59 Mn |
| Mar 31, 2024 | 97.26 Mn |
| Sep 30, 2023 | 94.67 Mn |
| Jun 30, 2023 | 93.38 Mn |
| Mar 31, 2023 | 92.12 Mn |
| Dec 31, 2022 | 90.90 Mn |
| Sep 30, 2022 | 89.65 Mn |
| Jun 30, 2022 | 88.43 Mn |
| Mar 31, 2022 | 87.22 Mn |
| Dec 31, 2021 | 86.10 Mn |
| Sep 30, 2021 | 86.04 Mn |
| Jun 30, 2021 | 85.13 Mn |
| Mar 31, 2021 | 84.36 Mn |
| Dec 31, 2020 | 325.97 Mn |