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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

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

Enphase Energy has reported Operating Margin over the past 15 years, most recently at 6.54% for Q4 2025.

  • Quarterly results put Operating Margin at 6.54% for Q4 2025, down 778.0% from a year ago — trailing twelve months through Dec 2025 was 10.69% (up 488.0% YoY), and the annual figure for FY2025 was 10.69%, up 488.0%.
  • Operating Margin for Q4 2025 was 6.54% at Enphase Energy, down from 16.12% in the prior quarter.
  • Over the last five years, Operating Margin for ENPH hit a ceiling of 23.95% in Q2 2023 and a floor of 11.05% in Q1 2024.
  • Median Operating Margin over the past 5 years was 14.16% (2024), compared with a mean of 13.12%.
  • Biggest five-year swings in Operating Margin: crashed -3414bps in 2024 and later surged 2001bps in 2025.
  • Enphase Energy's Operating Margin stood at 13.98% in 2021, then surged by 55bps to 21.66% in 2022, then crashed by -116bps to 3.38% in 2023, then soared by 523bps to 14.32% in 2024, then plummeted by -54bps to 6.54% in 2025.
  • The last three reported values for Operating Margin were 6.54% (Q4 2025), 16.12% (Q3 2025), and 10.19% (Q2 2025) per Business Quant data.