Enphase Energy (ENPH) Market Capitalization (2012 - 2026)
Enphase Energy (ENPH) recorded Market Capitalization of $4.36 billion in Q3 2026, down 5.7% from $4.63 billion a year earlier and down 32.9% from the prior quarter.
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Analysis
Enphase Energy (ENPH) Market Capitalization (2012 - 2026) Analysis & Trends
For FY2025, Enphase Energy reported Market Capitalization of $4.2 billion, down 53.8% from FY2024.
- Annual Market Capitalization has declined for three straight years, with a five-year compound annual growth rate of -28.6% (FY2020 to FY2025).
- Across earlier years, Market Capitalization came in at $9.1 billion in FY2024 (-49.3%), $17.93 billion in FY2023 (-50.4%), $36.15 billion in FY2022 (+47.6%) and $24.49 billion in FY2021 (+8.2%).
- Quarterly Market Capitalization has ranged from $4.2 billion in Q4 2025 to $37.7 billion in Q3 2022 over the past five years.
- On a year-over-year basis, Market Capitalization rose in 1 of the last eight quarters, with an average decline of 38.0%.
- Peak year-over-year performance for Market Capitalization in the last five years was growth of 86.4% in Q3 2022, against a decline of 69.7% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $6.51 billion (Q2 2026), $4.98 billion (Q1 2026) and $4.2 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.36 Bn |
| Jun 30, 2026 | 6.51 Bn |
| Mar 31, 2026 | 4.98 Bn |
| Dec 31, 2025 | 4.20 Bn |
| Sep 30, 2025 | 4.63 Bn |
| Jun 30, 2025 | 5.18 Bn |
| Mar 31, 2025 | 8.14 Bn |
| Dec 31, 2024 | 9.10 Bn |
| Sep 30, 2024 | 15.27 Bn |
| Jun 30, 2024 | 13.50 Bn |
| Mar 31, 2024 | 16.45 Bn |
| Dec 31, 2023 | 17.93 Bn |
| Sep 30, 2023 | 16.40 Bn |
| Jun 30, 2023 | 22.78 Bn |
| Mar 31, 2023 | 28.81 Bn |
| Dec 31, 2022 | 36.15 Bn |
| Sep 30, 2022 | 37.70 Bn |
| Jun 30, 2022 | 26.44 Bn |
| Mar 31, 2022 | 27.23 Bn |
| Dec 31, 2021 | 24.49 Bn |
API Access
Enphase Energy Market Capitalization API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=market-capitalization&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "ticker": "ENPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=market-capitalization&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();