Growth Metrics

Enphase Energy (ENPH) Net Margin (2016 - 2025)

Enphase Energy (ENPH) has 15 years of Net Margin data on record, last reported at 11.28% in Q4 2025.

  • For Q4 2025, Net Margin fell 495.0% year-over-year to 11.28%; the TTM value through Dec 2025 reached 11.69%, up 398.0%, while the annual FY2025 figure was 11.69%, 397.0% up from the prior year.
  • Net Margin reached 11.28% in Q4 2025 per ENPH's latest filing, down from 16.24% 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.
  • Average Net Margin over 5 years is 12.46%, with a median of 12.22% recorded in 2021.
  • Peak YoY movement for Net Margin: soared 5011bps in 2021, then tumbled -2634bps in 2024.
  • A 5-year view of Net Margin shows it stood at 12.76% in 2021, then surged by 66bps to 21.21% in 2022, then crashed by -67bps to 6.92% in 2023, then surged by 135bps to 16.23% in 2024, then tumbled by -30bps to 11.28% in 2025.
  • Per Business Quant database, its latest 3 readings for Net Margin were 11.28% in Q4 2025, 16.24% in Q3 2025, and 10.2% in Q2 2025.