Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
ENPH · Nasdaq · Technology
Fundamental quality
53
out of 100
Source: SEC EDGAR · TTM through 31/03/2026
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2021 | $1,382M | $145M | $300M | $918M |
| 2022 | $2,331M | $397M | $698M | $817M |
| 2023 | $2,291M | $439M | $586M | $1,005M |
| 2024 | $1,330M | $103M | $480M | $933M |
| 2025 | $1,473M | $172M | $96M | $730M |
Between 2021 and 2025, revenue went from $1,382M to $1,473M (+7%) and net income went from $145M to $172M (+18%).
Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.
Is Enphase Energy, Inc. a profitable company?
Enphase Energy, Inc. is profitable, with a net margin of 9.6%, though a thin one.
Does Enphase Energy, Inc. have a lot of debt?
Not particularly. Its net debt is 0.42 times its EBITDA, a low level.
Is Enphase Energy, Inc. growing?
Its revenue has fallen 14.5% annualized in recent years.
Does Enphase Energy, Inc. generate cash?
Yes. It converts about 10.4% of its revenue into free cash flow.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
Is Enphase Energy, Inc. cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
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