Enphase Energy (ENPH) Net Margin (2011 - 2026)
Enphase Energy (ENPH) posted quarterly Net Margin of 12.36% for Q2 2026, up 217.0% year-over-year from 3.9% in Q2 2025, and up 572.61% quarter-over-quarter from 2.62% in Q1 2026.
Enphase Energy (ENPH) Net Margin (2011 - 2026) Analysis & Trends
Enphase Energy's Net Margin history runs 16 years deep, the most recent figure standing at 12.36% for Q2 2026.
- In Q2 2026, Net Margin rose 217.0% year-over-year to 12.36%; the TTM figure through Jun 2026 stood at 10.09% (down 169.0% YoY), while the FY2025 annual figure was 11.69%, up 397.0% from the prior year.
- Net Margin for Q2 2026 stood at 12.36%, up from 2.62% in the prior quarter.
- The five-year high for Net Margin was 22.11% in Q2 2023, with the low at 6.11% in Q1 2024.
- The 5-year median for Net Margin is 12.19% (2026), against an average of 12.06%.
- The sharpest annual moves came in 2024 and 2025: Net Margin slumped 2635 bps in 2024, then jumped 1445 bps in 2025.
- Enphase Energy's Net Margin stood at 21.22% in 2022, then tumbled by 67 bps to 6.92% in 2023, then jumped by 135 bps to 16.24% in 2024, then plunged by 31 bps to 11.28% in 2025, then gained by 10 bps to 12.36% in 2026.
- Business Quant data shows ENPH's Net Margin at 12.36% in Q2 2026, 2.62% in Q1 2026, and 11.28% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 40.01% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 17.68% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 12.36% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | -23.93% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -8.88% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 7.43% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | -7.09% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 129.61% |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 2.47% |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 19.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.36% |
| Mar 31, 2026 | -2.62% |
| Dec 31, 2025 | 11.28% |
| Sep 30, 2025 | 16.23% |
| Jun 30, 2025 | 10.19% |
| Mar 31, 2025 | 8.34% |
| Dec 31, 2024 | 16.24% |
| Sep 30, 2024 | 12.01% |
| Jun 30, 2024 | 3.56% |
| Mar 31, 2024 | -6.11% |
| Dec 31, 2023 | 6.92% |
| Sep 30, 2023 | 20.68% |
| Jun 30, 2023 | 22.11% |
| Mar 31, 2023 | 20.23% |
| Dec 31, 2022 | 21.22% |
| Sep 30, 2022 | 18.10% |
| Jun 30, 2022 | 14.52% |
| Mar 31, 2022 | 11.74% |
| Dec 31, 2021 | 12.73% |
| Sep 30, 2021 | 6.20% |