Enphase Energy (ENPH) Tax Rate (2012 - 2026)
Enphase Energy's quarterly Tax Rate came in at 46.43% in Q1 2026, up 976.0% year-on-year from 4.32% in Q1 2025, and up 94666.62% quarter-over-quarter from 0.05% in Q4 2025.
Enphase Energy has reported Tax Rate for 15 years, with the latest figure at 46.43% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 976.0% year-over-year to 46.43%; the trailing twelve-month figure through Mar 2026 stood at 6.3% (down 1057.0% YoY), and the FY2025 full-year result was 15.96%, up 139.0% from the prior year.
- Tax Rate for Q1 2026 stood at 46.43%, up from 0.05% in the prior quarter.
- The five-year high for Tax Rate was 46.43% in Q1 2026, with the low at 71.06% in Q4 2023.
- Average Tax Rate over 5 years is 7.11%, with a median of 12.21% recorded in 2025.
- Year-over-year, Tax Rate tumbled 195497 bps in 2022 and surged 8188 bps in 2024.
- Tracing ENPH's Tax Rate over 5 years: stood at 8.56% in 2022, then sank by 931 bps to 71.06% in 2023, then jumped by 115 bps to 10.82% in 2024, then plunged by 100 bps to 0.05% in 2025, then soared by 94667 bps to 46.43% in 2026.
- The last three Tax Rate figures came in at 46.43% (Q1 2026), 0.05% (Q4 2025), and 13.5% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 2.18 |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 5.66 |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -62.89 |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 46.43 |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -2.29 |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -2.43 |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 23.06 |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 50.91 |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -31.47 |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 8.57 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 46.43 |
| Mar 31, 2026 | 46.43 |
| Dec 31, 2025 | -0.05 |
| Dec 31, 2025 | -0.05 |
| Sep 30, 2025 | 13.50 |
| Sep 30, 2025 | 13.50 |
| Jun 30, 2025 | 12.21 |
| Jun 30, 2025 | 12.21 |
| Mar 31, 2025 | 36.67 |
| Mar 31, 2025 | 36.67 |
| Dec 31, 2024 | 10.82 |
| Dec 31, 2024 | 10.82 |
| Sep 30, 2024 | 9.86 |
| Sep 30, 2024 | 9.86 |
| Jun 30, 2024 | 3.41 |
| Jun 30, 2024 | 3.41 |
| Mar 31, 2024 | -39.98 |
| Mar 31, 2024 | -39.98 |
| Dec 31, 2023 | -71.06 |
| Dec 31, 2023 | -71.06 |
| Sep 30, 2023 | 17.04 |
| Sep 30, 2023 | 17.04 |
| Jun 30, 2023 | 14.84 |
| Jun 30, 2023 | 14.84 |
| Mar 31, 2023 | 17.94 |
| Mar 31, 2023 | 17.94 |
| Dec 31, 2022 | 8.56 |
| Dec 31, 2022 | 8.56 |
| Sep 30, 2022 | 14.48 |
| Sep 30, 2022 | 14.48 |
| Jun 30, 2022 | 16.48 |
| Jun 30, 2022 | 16.48 |
| Mar 31, 2022 | 9.73 |
| Mar 31, 2022 | 9.73 |
| Dec 31, 2021 | -4.06 |
| Dec 31, 2021 | -4.06 |
| Sep 30, 2021 | 15.16 |
| Sep 30, 2021 | 15.16 |
| Jun 30, 2021 | 15.11 |
| Jun 30, 2021 | 15.11 |
| Mar 31, 2021 | 1,964.71 |
| Mar 31, 2021 | 1,964.71 |
| Dec 31, 2020 | -2.30 |
| Dec 31, 2020 | -2.30 |
| Sep 30, 2020 | 12.26 |
| Sep 30, 2020 | 12.26 |
| Jun 30, 2020 | 12.18 |
| Jun 30, 2020 | 12.18 |
| Mar 31, 2020 | -20.84 |
| Mar 31, 2020 | -20.84 |
| Dec 31, 2019 | -162.64 |
| Dec 31, 2019 | -162.64 |
| Sep 30, 2019 | 0.87 |
| Sep 30, 2019 | 0.87 |
| Jun 30, 2019 | 5.27 |
| Jun 30, 2019 | 5.27 |
| Mar 31, 2019 | 11.18 |
| Mar 31, 2019 | 11.18 |
| Dec 31, 2018 | 44.82 |
| Dec 31, 2018 | 44.82 |
| Sep 30, 2018 | -7.70 |
| Sep 30, 2018 | -7.70 |
| Jun 30, 2018 | -9.97 |
| Jun 30, 2018 | -9.97 |
| Mar 31, 2018 | -4.80 |
| Mar 31, 2018 | -4.80 |
| Dec 31, 2017 | 24.38 |
| Dec 31, 2017 | 24.38 |
| Sep 30, 2017 | 2.61 |
| Sep 30, 2017 | 2.61 |
| Jun 30, 2017 | -7.60 |
| Jun 30, 2017 | -7.60 |
| Mar 31, 2017 | -0.57 |
| Mar 31, 2017 | -0.57 |
| Dec 31, 2016 | -6.04 |
| Dec 31, 2016 | -6.04 |
| Sep 30, 2016 | -0.77 |
| Sep 30, 2016 | -0.77 |
| Jun 30, 2016 | -2.10 |
| Jun 30, 2016 | -2.10 |
| Mar 31, 2016 | -1.27 |
| Mar 31, 2016 | -1.27 |
| Dec 31, 2015 | -4.47 |
| Dec 31, 2015 | -4.47 |
| Sep 30, 2015 | 33.26 |
| Sep 30, 2015 | 33.26 |
| Jun 30, 2015 | -59.95 |
| Jun 30, 2015 | -59.95 |
| Mar 31, 2015 | -2.71 |
| Mar 31, 2015 | -2.71 |
| Dec 31, 2014 | 50.80 |
| Dec 31, 2014 | 50.80 |
| Sep 30, 2014 | 13.51 |
| Sep 30, 2014 | 13.51 |
| Jun 30, 2014 | -3.94 |
| Jun 30, 2014 | -3.94 |
| Mar 31, 2014 | -1.78 |
| Mar 31, 2014 | -1.78 |
| Dec 31, 2013 | -17.38 |
| Dec 31, 2013 | -17.38 |
| Sep 30, 2013 | -2.29 |
| Sep 30, 2013 | -2.29 |
| Jun 30, 2013 | -1.98 |
| Jun 30, 2013 | -1.98 |
| Mar 31, 2013 | -1.78 |
| Mar 31, 2013 | -1.78 |
| Dec 31, 2012 | -4.10 |
| Dec 31, 2012 | -4.10 |
| Sep 30, 2012 | -1.48 |
| Sep 30, 2012 | -1.48 |
| Jun 30, 2012 | -1.34 |
| Jun 30, 2012 | -1.34 |
| Mar 31, 2012 | -0.64 |
| Mar 31, 2012 | -0.64 |