Enphase Energy, Inc. (ENPH) Earnings History
Annual and quarterly earnings data from 2009 to 2025
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ENPH EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ENPH Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 46.6% | 11.2% | 11.7% |
| 2024 | 47.3% | 5.8% | 7.7% |
| 2023 | 46.2% | 19.5% | 19.2% |
| 2022 | 41.8% | 19.2% | 17.0% |
| 2021 | 40.1% | 15.6% | 10.5% |
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Enphase Energy, Inc. (ENPH) Earnings Overview
As of May 8, 2026, Enphase Energy, Inc. (ENPH) reported trailing twelve-month net income of $135M, reflecting +72.0% year-over-year growth. The company earned $1.03 per diluted share over the past four quarters, with a net profit margin of 11.7%.
Looking at the long-term picture, ENPH's 5-year EPS compound annual growth rate (CAGR) stands at +6.3%, showing solid earnings momentum. The company achieved its highest annual net income of $439M in fiscal 2023.
Enphase Energy, Inc. maintains positive profitability with a gross margin of 46.6%, operating margin of 11.2%, and net margin of 11.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including SEDG (-$364M net income, -34.2% margin), FSLR ($1.67B net income, 29.3% margin), ARRY (-$67M net income, -4.1% margin), ENPH has outperformed on profitability metrics. Compare ENPH vs SEDG →
ENPH Earnings vs Peers
Earnings metrics vs comparable public companies
ENPH Historical Earnings Data (2009–2025)
17 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $172M | +67.7% | $165M | $1.29 | 11.7% | 11.2% |
| 2024 | $103M | -76.6% | $77M | $0.75 | 7.7% | 5.8% |
| 2023 | $439M | +10.5% | $446M | $3.08 | 19.2% | 19.5% |
| 2022 | $397M | +173.2% | $448M | $2.77 | 17.0% | 19.2% |
| 2021 | $145M | +8.5% | $216M | $1.02 | 10.5% | 15.6% |
| 2020 | $134M | -16.8% | $186M | $0.95 | 17.3% | 24.1% |
| 2019 | $161M | +1486.0% | $103M | $1.23 | 25.8% | 16.5% |
| 2018 | -$12M | +74.3% | $2M | $-0.12 | -3.7% | 0.5% |
| 2017 | -$45M | +33.0% | -$39M | $-0.54 | -15.8% | -13.8% |
| 2016 | -$67M | -205.5% | -$63M | $-1.34 | -20.9% | -19.4% |
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Start ComparisonENPH — Frequently Asked Questions
Quick answers to the most common questions about buying ENPH stock.
Is ENPH growing earnings?
ENPH EPS is $1.03, with earnings growth accelerating to +72.0%. This exceeds the 5-year CAGR of +6.3%. TTM net income reached $135M.
What are ENPH's profit margins?
Enphase Energy, Inc. net margin is +11.7%, with operating margin at +11.2%. Margins sit within typical range for the sector.
How consistent are ENPH's earnings?
ENPH earnings data spans 2009-2025. The accelerating earnings trend is +72.0% YoY. Historical data enables comparison across business cycles.