Enphase Energy Inc. | Mid-cap | Technology
$38.11
-0.70%
| Enphase Energy Stock Comparison:
Enphase Energy vs First SolarEnphase Energy vs NextrackerEnphase Energy vs SunrunEnphase Energy vs Array TechnologiesEnphase Energy vs SolarEdgeEnphase Energy vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 1.3B
Gross Profit 629.1M 47.29%
Operating Income 90.4M 6.80%
Net Income 102.7M 7.72%
EPS (Diluted) $0.75

Balance Sheet Metrics

Total Assets 3.2B
Total Liabilities 2.4B
Shareholders Equity 833.0M
Debt to Equity 2.90

Cash Flow Metrics

Operating Cash Flow 708.6M
Free Cash Flow 480.1M

Revenue & Profitability Trend

Enphase Energy Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue 1.3B 2.3B 2.3B 1.4B 774.4M
Cost of Goods Sold 701.2M 1.2B 1.4B 827.6M 428.4M
Gross Profit 629.1M 1.1B 974.6M 554.4M 346.0M
Operating Expenses 538.7M 597.0M 524.0M 338.6M 159.5M
Operating Income 90.4M 461.4M 450.6M 215.8M 186.4M
Pre-tax Income 120.2M 513.1M 452.0M 120.9M 119.4M
Income Tax 17.5M 74.2M 54.7M -24.5M -14.6M
Net Income 102.7M 438.9M 397.4M 145.4M 134.0M
EPS (Diluted) $0.75 $3.08 $2.77 $1.02 $0.95

Income Statement Trend

Enphase Energy Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets 2.3B 2.4B 2.3B 1.5B 933.1M
Non-Current Assets 922.6M 939.5M 820.0M 616.8M 267.0M
Total Assets 3.2B 3.4B 3.1B 2.1B 1.2B
Liabilities
Current Liabilities 660.1M 532.4M 638.2M 439.8M 534.0M
Non-Current Liabilities 1.8B 1.9B 1.6B 1.2B 182.1M
Total Liabilities 2.4B 2.4B 2.3B 1.6B 716.1M
Equity
Total Shareholders Equity 833.0M 983.6M 825.6M 430.2M 484.0M

Balance Sheet Composition

Enphase Energy Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income 102.7M 438.9M 397.4M 145.4M 134.0M
Operating Cash Flow 708.6M 790.6M 681.9M 330.0M 183.2M
Investing Activities
Capital Expenditures -33.6M -110.4M -46.4M -52.3M -20.6M
Investing Cash Flow 128.3M -366.4M -371.9M -1.2B -25.6M
Financing Activities
Dividends Paid - - - - -
Financing Cash Flow -473.0M -530.6M -27.5M 81.1M 111.7M
Free Cash Flow 480.1M 586.4M 698.4M 299.5M 195.8M

Cash Flow Trend

Enphase Energy Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 31.71
Forward P/E 9.44
Price to Book 5.59
Price to Sales 3.19
PEG Ratio 9.44

Profitability Ratios

Profit Margin 10.43%
Operating Margin 9.85%
Return on Equity 17.13%
Return on Assets 3.01%

Financial Health

Current Ratio 1.90
Debt to Equity 152.29
Beta 1.70

Per Share Data

EPS (TTM) $1.09
Book Value per Share $6.18
Revenue per Share $10.61

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
enph 4.5B 31.71 5.59 17.13% 10.43% 152.29
First Solar 15.6B 12.32 1.90 16.77% 29.72% 7.70
Nextracker 8.4B 16.15 5.01 39.48% 17.21% 2.09
Sunrun 1.6B 21.07 0.62 -80.13% -129.97% 334.12
Array Technologies 1.1B 61.85 3.48 -49.11% -21.21% 215.17
SolarEdge 948.2M 100.75 1.58 -123.30% -190.67% 127.58

Financial data is updated regularly. All figures are in the company's reporting currency.