Enphase Energy (ENPH) Return on Assets [ROA] (2012 - 2026)
Enphase Energy (ENPH) recorded Return on Assets [ROA] of 4.75% in Q2 2026, down 0.81 percentage points from 5.56% a year earlier but up 0.42 percentage points from the prior quarter.
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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).
- Quarterly Return on Assets [ROA] has ranged from 1.91% in Q3 2024 to 16.73% in Q2 2023 over the past five years.
- On a year-over-year basis, Return on Assets [ROA] rose in three of the last eight quarters, with an average year-over-year change of -2.65 percentage points.
- 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 4.33% (Q1 2026), 5.04% (Q4 2025) and 6.02% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 12.18% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 4.88% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 13.06% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 8.14% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 4.56% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 14.25% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 8.86% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 4.75% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 0.73% |
| 10 | Nuscale Power | 3.24 Bn | 3.19 Bn | -152,000.00 | -43.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 7.66% |
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();