profit from every $100 of sales.
$0$100
Enphase Energy
$26.07-2.65% today
-9.8% in 1 year
1-year low $24.991-year high $72.33
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $20.04 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Enphase Energy sold, what it kept, and what it did with the cash.
Sales went from $2.33 billion in 2022 to $1.47 billion in 2025, with $172 million of profit last year.
SalesProfit
Enphase Energy handed back more cash to shareholders than it generated last year.
Buybacks $130M
Free cash flow 2025$96M
Bought back its own shares$130M
Paid as dividends–
Cash vs. debt$474M vs. $1.2B
Enphase Energy vs. similar companies
Enphase Energy grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Enphase Energy | 20.0× · Fair price | ||
 First Solar | 12.1× · Cheap | ||
 Tongwei Co.,Ltd | No profit yet | ||
 Jinko Solar | No profit yet | ||
 CSI Solar | 29.2× · Fair price |
AI analysis
An AI analyst reads Enphase Energy's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 2,331 | 2,291 | 1,330 | 1,473 | |
| 975 | 1,058 | 629 | 687 | |
| 451 | 461 | 90 | 165 | |
| 520 | 597 | 210 | 290 | |
| 397 | 439 | 103 | 172 | |
| 2.77 | 3.08 | 0.75 | 1.29 | |
| 41.8% | 46.2% | 47.3% | 46.6% | |
| 19.3% | 20.1% | 6.8% | 11.2% | |
| 17.0% | 19.2% | 7.7% | 11.7% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 3,084 | 3,383 | 3,250 | 3,510 |
| Cash | 473 | 289 | 369 | 474 |
| Total debt | 1,296 | 1,299 | 1,308 | 1,213 |
| Total liabilities | 2,259 | 2,399 | 2,417 | 2,423 |
| 826 | 984 | 833 | 1,087 | |
| 144 | 143 | 140 | 135 | |
| 17.2% | 18.1% | 4.8% | 7.2% | |
| 48.1% | 44.6% | 12.3% | 15.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 745 | 697 | 514 | 137 | |
| 46 | 110 | 34 | 41 | |
| 698 | 586 | 480 | 96 | |
| Dividends paid | – | – | – | – |
| 0 | 410 | 391 | 130 | |
| 217 | 213 | 211 | 214 |
Valuation
- 20.0×
- 12.9×
- –
- 3.5×
- 2.3×
- 36.0×
- 14.4×
- 2.8%
- 5.0%
- 0.0%
Profitability
- 46.6%
- 11.2%
- 11.7%
- 14.8%
- 7.4%
- 12.1%
- 13.3%
- 5.0%
- 4.3%
- 13.1%
Growth
- −14.2%
- −22.5%
- −80.0%
- –
- −2.2%
Financial health
- 2.5×
- 1.12
- 21.3%
- 46.3×
- 2.07
- 3.20
- 0.51
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 48%of 976
Top 42%of 977
Top 31%of 758
Bottom 3%of 981
Top 45%of 983
What analysts expect
- Average price target
- $42.62
- Range
- $21.70 – $57.00
- 8 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 28, 2026 | 0.47 | 0.43 | +9.3% |
| Feb 3, 2026 | 0.71 | 0.54 | +31.5% |
| Oct 28, 2025 | 0.90 | 0.62 | +45.2% |
| Jul 22, 2025 | 0.69 | 0.62 | +11.3% |
| Apr 22, 2025 | 0.68 | 0.71 | −4.2% |
| Feb 4, 2025 | 0.94 | 0.72 | +30.6% |
| Oct 22, 2024 | 0.65 | 0.78 | −16.7% |
| Jul 23, 2024 | 0.43 | 0.49 | −13.0% |
News
Why Enphase Energy Stock Crashed on WednesdayYahoo Finance · Oct 28, 2026Dow, S&P 500, Nasdaq Futures Mixed Ahead Of Key Tech Results, Fed Rate Decision: SKHY, HOOD, BA, ENPH In FocusYahoo Finance · Oct 28, 2026Which Solar Stock Has Dominated in 2026: SolarEdge, Enphase Energy, or First Solar?Yahoo Finance · Sep 7, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
48No pass
Benjamin Graham
51No pass
Philip Fisher
42No pass
Peter Lynch
20No pass
Joel Greenblatt
25No pass
Charlie Munger
43No pass
Terry Smith
33No pass
Questions about Enphase Energy
Is Enphase Energy a good stock to buy?
A solid business at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Enphase Energy AI analysis
What does Enphase Energy do?
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. It is in Solar, based in Fremont, CA, United States, with 2,872 employees.
Does Enphase Energy pay a dividend?
No. Enphase Energy does not pay a dividend at the moment; in 2025 it returned $130 million to shareholders by buying back its own shares.
Is Enphase Energy stock halal?
No. Enphase Energy does not pass our halal screen: its debt is 35% of its market value, at or above the 33% limit. How we check
How has Enphase Energy stock done over the past year?
Down 9.8% over the past twelve months, to $26.07. It traded between $24.99 and $72.33 and is 64.0% below its high.
Who are Enphase Energy's competitors?
The largest listed companies in the same industry are First Solar, Tongwei Co.,Ltd, Jinko Solar and CSI Solar. The peers table on this page compares their profit, growth and price with Enphase Energy's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.