Enphase Energy (ENPH) Return on Capital Employed (2012 - 2026)
Enphase Energy (ENPH) posted quarterly Return on Capital Employed of 4.9% for Q2 2026, down 387.0% year-over-year from 1.71% in Q2 2025, and up 34.44% quarter-over-quarter from 3.64% in Q1 2026.
Enphase Energy (ENPH) Return on Capital Employed (2012 - 2026) Analysis & Trends
Enphase Energy's Return on Capital Employed history runs 15 years deep, the most recent figure standing at 4.9% for Q2 2026.
- In Q2 2026, Return on Capital Employed fell 387.0% year-over-year to 4.9%; the TTM figure through Jun 2026 stood at 4.9% (down 387.0% YoY), while the FY2025 annual figure was 7.44%, up 453.0% from the prior year.
- Return on Capital Employed for Q2 2026 stood at 4.9%, up from 3.64% in the prior quarter.
- The five-year high for Return on Capital Employed was 23.52% in Q2 2023, with the low at 0.46% in Q3 2024.
- The 5-year median for Return on Capital Employed is 9.09% (2024), against an average of 11.25%.
- The sharpest annual moves came in 2023 and 2024: Return on Capital Employed soared 1011 bps in 2023, then slumped 2194 bps in 2024.
- Enphase Energy's Return on Capital Employed stood at 19.9% in 2022, then dropped by 24 bps to 15.18% in 2023, then plunged by 80 bps to 2.98% in 2024, then surged by 146 bps to 7.32% in 2025, then plunged by 33 bps to 4.9% in 2026.
- Business Quant data shows ENPH's Return on Capital Employed at 4.9% in Q2 2026, 3.64% in Q1 2026, and 7.32% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 16.07% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 23.08% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 4.90% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 0.43% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -16.28% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 7.27% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 2.48% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -10.77% |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | -5.53% |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 29.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.90% |
| Mar 31, 2026 | 3.64% |
| Dec 31, 2025 | 7.32% |
| Sep 30, 2025 | 9.14% |
| Jun 30, 2025 | 8.76% |
| Mar 31, 2025 | 6.85% |
| Dec 31, 2024 | 2.98% |
| Sep 30, 2024 | 0.46% |
| Jun 30, 2024 | 3.01% |
| Mar 31, 2024 | 9.04% |
| Dec 31, 2023 | 15.18% |
| Sep 30, 2023 | 22.41% |
| Jun 30, 2023 | 23.52% |
| Mar 31, 2023 | 22.13% |
| Dec 31, 2022 | 19.90% |
| Sep 30, 2022 | 17.30% |
| Jun 30, 2022 | 13.42% |
| Mar 31, 2022 | 12.59% |
| Dec 31, 2021 | 12.59% |
| Sep 30, 2021 | 13.39% |