Enphase Energy (ENPH) Other Working Capital Changes (2011 - 2026)
Enphase Energy (ENPH) recorded Other Working Capital Changes of $222.51 million in Q2 2026, up 0.2% from $222.17 million a year earlier.
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Analysis
Enphase Energy (ENPH) Other Working Capital Changes (2011 - 2026) Analysis & Trends
On a TTM basis, Enphase Energy's Other Working Capital Changes came in at $245.91 million as of Jun 30, 2026, up 11.6% year-over-year; for FY2025, it came in at $318.56 million, up 137.1% from FY2024.
- Annual Other Working Capital Changes has a five-year compound annual growth rate of 85.2% (FY2020 to FY2025).
- Across earlier years, Other Working Capital Changes came in at $134.34 million in FY2024 (+14.1%), $117.78 million in FY2023 (-3.6%), $122.19 million in FY2022 (+56.3%) and $78.17 million in FY2021 (+434.1%).
- The Q2 2026 figure is the highest quarterly Other Working Capital Changes in data going back to Q1 2011.
- Peak year-over-year performance for Other Working Capital Changes in the last five years was growth of 509.0% in Q4 2025, against a decline of 78.7% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at -$155.34 million (Q1 2026), $100.41 million (Q4 2025) and $78.33 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn |
| 10 | Nuscale Power | 3.25 Bn | 3.20 Bn | -152,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 222.51 Mn |
| Mar 31, 2026 | -155.34 Mn |
| Dec 31, 2025 | 100.41 Mn |
| Sep 30, 2025 | 78.33 Mn |
| Jun 30, 2025 | 222.17 Mn |
| Mar 31, 2025 | -82.36 Mn |
| Dec 31, 2024 | 16.49 Mn |
| Sep 30, 2024 | 64.15 Mn |
| Jun 30, 2024 | 42.81 Mn |
| Mar 31, 2024 | 10.90 Mn |
| Dec 31, 2023 | 12.61 Mn |
| Sep 30, 2023 | 13.37 Mn |
| Jun 30, 2023 | 40.72 Mn |
| Mar 31, 2023 | 51.09 Mn |
| Dec 31, 2022 | 58.33 Mn |
| Sep 30, 2022 | 25.76 Mn |
| Jun 30, 2022 | 16.03 Mn |
| Mar 31, 2022 | 22.06 Mn |
| Dec 31, 2021 | 13.86 Mn |
| Sep 30, 2021 | 16.40 Mn |
API Access
Enphase Energy Other Working Capital Changes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "ticker": "ENPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();