Enphase Energy (ENPH) Return on Assets [ROA] (2012 - 2026)
Enphase Energy (ENPH) recorded Return on Assets [ROA] of 3.13% in Q3 2026, down 2.88 percentage points from 6.02% a year earlier and down 1.62 percentage points from the prior quarter.
Powered by 
Analysis
Enphase Energy (ENPH) Return on Assets [ROA] (2012 - 2026) Analysis & Trends
For FY2025, Enphase Energy reported Return on Assets [ROA] of 5.09%, up 2.00 percentage points from FY2024.
- Annual Return on Assets [ROA] has a five-year change of -8.91 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Assets [ROA] came in at 3.10% in FY2024 (-10.48 pp), 13.57% in FY2023 (-1.82 pp), 15.39% in FY2022 (+6.52 pp) and 8.87% in FY2021 (-5.14 pp).
- The Q3 2026 figure is the lowest quarterly Return on Assets [ROA] since Q3 2024.
- On a year-over-year basis, Return on Assets [ROA] has declined for three consecutive quarters, with an average year-over-year change of -1.21 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Assets [ROA] in the last five years was a gain of 8.09 percentage points in Q2 2023, against a drop of 14.38 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 4.75% (Q2 2026), 4.33% (Q1 2026) and 5.04% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 12.40% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 8.57% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 13.58% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 13.76% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 8.19% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 5.07% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 1.49% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 9.76% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 0.86% |
| 10 | Enphase Energy | 3.45 Bn | -863.96 Mn | 127.12 Mn | 3.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.13% |
| Jun 30, 2026 | 4.75% |
| Mar 31, 2026 | 4.33% |
| Dec 31, 2025 | 5.04% |
| Sep 30, 2025 | 6.02% |
| Jun 30, 2025 | 5.56% |
| Mar 31, 2025 | 4.67% |
| Dec 31, 2024 | 3.15% |
| Sep 30, 2024 | 1.91% |
| Jun 30, 2024 | 4.05% |
| Mar 31, 2024 | 8.34% |
| Dec 31, 2023 | 12.66% |
| Sep 30, 2023 | 16.29% |
| Jun 30, 2023 | 16.73% |
| Mar 31, 2023 | 15.24% |
| Dec 31, 2022 | 13.75% |
| Sep 30, 2022 | 11.54% |
| Jun 30, 2022 | 8.64% |
| Mar 31, 2022 | 7.62% |
| Dec 31, 2021 | 6.75% |
API Access
Enphase Energy Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();