Enphase Energy (ENPH) Tax Rate (2012 - 2026)
Enphase Energy (ENPH) recorded quarterly Tax Rate of 46.43% in Q1 2026, up 94666.62% quarter-over-quarter from 0.05% in Q4 2025, and up 976.0% on a YoY basis from 4.32% in Q1 2025.
Enphase Energy (ENPH) Tax Rate (2012 - 2026) Analysis & Trends
Enphase Energy's Tax Rate history runs 15 years deep, the most recent figure standing at 46.43% for Q1 2026.
- In Q1 2026, Tax Rate rose 976.0% year-over-year to 46.43%; the TTM figure through Mar 2026 stood at 6.3% (down 1057.0% YoY), while the FY2025 annual figure was 15.96%, up 139.0% from the prior year.
- Tax Rate was 46.43% for Q1 2026 at Enphase Energy, up from 0.05% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 46.43% in Q1 2026 to a low of 71.06% in Q4 2023.
- Historically, Tax Rate has averaged 7.11% across 5 years, with a median of 12.21% in 2025.
- The sharpest annual moves came in 2022 and 2024: Tax Rate tumbled 195497 bps in 2022, then soared 8188 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 8.56% in 2022, then slumped by 931 bps to 71.06% in 2023, then soared by 115 bps to 10.82% in 2024, then sank by 100 bps to 0.05% in 2025, then surged 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 | 28.68 Bn | 26.25 Bn | 486.13 Mn | 2.18% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 5.66% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 46.43% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -2.29% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -2.43% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 23.06% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 50.91% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -31.47% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 8.57% |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
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% |