Enphase Energy (ENPH) Return on Equity [ROE] (2012 - 2026)
Enphase Energy (ENPH) recorded Return on Equity [ROE] of 11.73% in Q2 2026, down 8.91 percentage points from 20.65% a year earlier and down 0.59 percentage points from the prior quarter.
Powered by 
Analysis
Enphase Energy (ENPH) Return on Equity [ROE] (2012 - 2026) Analysis & Trends
For FY2025, Enphase Energy reported Return on Equity [ROE] of 17.93%, up 6.63 percentage points from FY2024.
- Annual Return on Equity [ROE] has a five-year change of -17.51 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Equity [ROE] came in at 11.30% in FY2024 (-37.22 pp), 48.52% in FY2023 (-14.76 pp), 63.29% in FY2022 (+31.47 pp) and 31.82% in FY2021 (-3.62 pp).
- The Q2 2026 figure is the lowest quarterly Return on Equity [ROE] since Q4 2024.
- On a year-over-year basis, Return on Equity [ROE] rose in three of the last eight quarters, with an average year-over-year change of -10.42 percentage points.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 28.91 percentage points in Q3 2022, against a drop of 50.79 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.33% (Q1 2026), 16.53% (Q4 2025) and 20.84% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 67.58% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 19.39% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 17.29% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 27.24% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 9.34% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 24.29% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 18.16% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 11.73% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 1.36% |
| 10 | Nuscale Power | 3.24 Bn | 3.19 Bn | -152,000.00 | -43.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.73% |
| Mar 31, 2026 | 12.33% |
| Dec 31, 2025 | 16.53% |
| Sep 30, 2025 | 20.84% |
| Jun 30, 2025 | 20.65% |
| Mar 31, 2025 | 18.06% |
| Dec 31, 2024 | 11.63% |
| Sep 30, 2024 | 6.76% |
| Jun 30, 2024 | 14.34% |
| Mar 31, 2024 | 28.95% |
| Dec 31, 2023 | 43.93% |
| Sep 30, 2023 | 57.55% |
| Jun 30, 2023 | 58.96% |
| Mar 31, 2023 | 54.85% |
| Dec 31, 2022 | 55.36% |
| Sep 30, 2022 | 55.83% |
| Jun 30, 2022 | 51.95% |
| Mar 31, 2022 | 43.49% |
| Dec 31, 2021 | 26.98% |
| Sep 30, 2021 | 26.92% |
API Access
Enphase Energy Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();