Enphase Energy (ENPH) Net Margin (2011 - 2026)
Enphase Energy's quarterly Net Margin came in at 2.63% in Q1 2026, down 1097.0% year-on-year from 0.26% in Q1 2025, and down 123.34% quarter-over-quarter from 11.28% in Q4 2025.
Enphase Energy has reported Net Margin for 16 years, with the latest figure at 2.63% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 1097.0% year-over-year to 2.63%; the trailing twelve-month figure through Mar 2026 stood at 9.64% (down 79.0% YoY), and the FY2025 full-year result was 11.69%, up 397.0% from the prior year.
- Net Margin for Q1 2026 stood at 2.63%, down from 11.28% 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.
- Average Net Margin over 5 years is 12.04%, with a median of 12.0% recorded in 2024.
- Year-over-year, Net Margin slumped 2634 bps in 2024 and jumped 1445 bps in 2025.
- Tracing ENPH's Net Margin over 5 years: stood at 21.22% in 2022, then sank by 67 bps to 6.92% in 2023, then surged by 135 bps to 16.24% in 2024, then slumped by 31 bps to 11.28% in 2025, then sank 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 33.19% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 17.10% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -7.09% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -2.63% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -18.48% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -41.17% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | -0.21% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -6.06% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -3.78% |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -6.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.63% |
| Dec 31, 2025 | 11.28% |
| Sep 30, 2025 | 16.23% |
| Jun 30, 2025 | 10.20% |
| Mar 31, 2025 | 8.34% |
| Dec 31, 2024 | 16.24% |
| Sep 30, 2024 | 12.00% |
| Jun 30, 2024 | 3.57% |
| Mar 31, 2024 | -6.11% |
| Dec 31, 2023 | 6.92% |
| Sep 30, 2023 | 20.67% |
| 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 | 12.74% |
| Sep 30, 2021 | 6.20% |
| Jun 30, 2021 | 12.44% |
| Mar 31, 2021 | 10.51% |
| Dec 31, 2020 | 27.56% |
| Sep 30, 2020 | 22.04% |
| Jun 30, 2020 | -37.67% |
| Mar 31, 2020 | 33.57% |
| Dec 31, 2019 | 55.55% |
| Sep 30, 2019 | 17.27% |
| Jun 30, 2019 | 7.92% |
| Mar 31, 2019 | 2.76% |
| Dec 31, 2018 | 0.77% |
| Sep 30, 2018 | -4.45% |
| Jun 30, 2018 | -4.93% |
| Mar 31, 2018 | -7.33% |
| Dec 31, 2017 | -3.69% |
| Sep 30, 2017 | -8.90% |
| Jun 30, 2017 | -16.19% |
| Mar 31, 2017 | -42.57% |
| Dec 31, 2016 | -14.56% |
| Sep 30, 2016 | -21.15% |
| Jun 30, 2016 | -21.12% |
| Mar 31, 2016 | -29.31% |
| Dec 31, 2015 | -24.05% |
| Sep 30, 2015 | 0.61% |
| Jun 30, 2015 | -0.59% |
| Mar 31, 2015 | -7.29% |
| Dec 31, 2014 | 0.38% |
| Sep 30, 2014 | 0.82% |
| Jun 30, 2014 | -3.70% |
| Mar 31, 2014 | -10.83% |
| Dec 31, 2013 | -4.19% |
| Sep 30, 2013 | -10.16% |
| Jun 30, 2013 | -11.00% |
| Mar 31, 2013 | -22.83% |
| Dec 31, 2012 | -13.45% |
| Sep 30, 2012 | -14.65% |
| Jun 30, 2012 | -20.44% |
| Mar 31, 2012 | -23.91% |
| Dec 31, 2011 | -9.69% |
| Sep 30, 2011 | -16.04% |
| Jun 30, 2011 | -34.77% |
| Mar 31, 2011 | -51.41% |