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

Enphase Energy's Net Margin history runs 16 years deep, the most recent figure standing at 2.63% for Q1 2026.

• In Q1 2026, Net Margin fell 1097.0% year-over-year to 2.63%; the TTM figure through Mar 2026 stood at 9.64% (down 79.0% YoY), while the FY2025 annual figure was 11.69%, up 397.0% from the prior year.
• Net Margin was 2.63% for Q1 2026 at Enphase Energy, down from 11.28% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 22.11% in Q2 2023 to a low of 6.11% in Q1 2024.
• Historically, Net Margin has averaged 12.04% across 5 years, with a median of 12.0% in 2024.
• The sharpest annual moves came in 2024 and 2025: Net Margin slumped 2634 bps in 2024, then surged 1445 bps in 2025.
• A 5-year view of Net Margin shows it stood at 21.22% in 2022, then slumped by 67 bps to 6.92% in 2023, then jumped by 135 bps to 16.24% in 2024, then tumbled by 31 bps to 11.28% in 2025, then slumped by 123 bps to 2.63% in 2026.
• The last three Net Margin figures came in at 2.63% (Q1 2026), 11.28% (Q4 2025), and 16.23% (Q3 2025), per Business Quant data.