Enphase Energy (ENPH) Net Margin (2011 - 2026)

Enphase Energy's Net Margin history runs 16 years deep, the most recent figure standing at 2.62% for Q1 2026.

• On a quarterly basis, Net Margin fell 1097.0% year-over-year to 2.62% in Q1 2026; TTM through Mar 2026 was 9.64%, a 79.0% decrease from a year earlier, with the FY2025 full-year figure at 11.69%, up 397.0% from the prior year.
• Net Margin eased to 2.62% in Q1 2026 per ENPH's latest filing, from 11.28% in the prior quarter.
• Across five years, Net Margin topped out at 22.11% in Q2 2023 and bottomed at 6.11% in Q1 2024.
• The 5-year median for Net Margin is 12.01% (2024), against an average of 12.04%.
• Across the five-year window, Net Margin slumped 2634 bps in 2024 and jumped 1446 bps in 2025, its largest moves.
• Year by year, Net Margin stood at 21.22% in 2022, then plunged by 67 bps to 6.91% in 2023, then surged by 135 bps to 16.24% in 2024, then sank by 31 bps to 11.28% in 2025, then slumped by 123 bps to 2.62% in 2026.
• Per Business Quant, the three latest ENPH Net Margin figures stand at 2.62% (Q1 2026), 11.28% (Q4 2025), and 16.23% (Q3 2025).