Enphase Energy (ENPH) Financials: Revenue & Earnings
ENPH$24.99-4.77 -16.03%
$3.30B
Market Cap
43.13
P/E
12.87
Forward P/E
55
Score
Enphase Energy (ENPH) Financials: Revenue & Earnings
ENPH price $24.99 -4.77 -16.03%
- Ticker
- ENPH
- Price
- $24.99
- Change
- -4.77 -16.03%
- Market cap ?
- $3.30B
- P/E ?
- 43.13
- Forward P/E ?
- 12.87
- Dividend yield ?
- 0.00%
- Beta ?
- 1.63
- Sector
- Energy
- Industry
- Solar
- Stocklytics score
- 55
- Value
- 61
- Quality
- 60
- Growth
- 43
Stocklytics score rationale: value 61, quality 60, growth 43.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 322591000 | 286166000 | 316159000 | 624333000 | 774425000 | 1382049000 | 2330853000 | 2290786000 | 1330383000 | 1472985000 |
Enphase Energy, Inc., along with its subsidiaries, is dedicated to developing, manufacturing, and distributing home energy solutions for the global solar photovoltaic industry. Their core offering is a semiconductor-based microinverter, designed to convert energy at the individual solar module level. This technology seamlessly integrates with their proprietary networking and software, providing advanced energy…
Fair value
ENPH fair value $33.06. Price $24.99. Price is 24% below fair value.
Around fair value, but less expensive than usual. A smaller premium than on 82% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 387.46M. Growth 7.86%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 12.00% (beta 1.6). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 132.14M. Net debt 769.47M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2027-02-02 | — | 0.50 | — | 261.70M |
| 2026-10-27 | 0.41 | 0.51 | 293.33M | 304.59M |
| 2026-07-28 | 0.46 | 0.47 | 291.85M | 289.76M |
| 2026-04-28 | 0.47 | 0.47 | 282.90M | 282.27M |
| 2026-02-03 | 0.71 | 0.54 | 343.32M | 338.44M |
| 2025-10-28 | 0.90 | 0.62 | 410.43M | 338.60M |
| 2025-07-22 | 0.69 | 0.62 | 363.15M | 368.35M |
| 2025-04-22 | 0.68 | 0.71 | 356.08M | 360.64M |
| 2025-02-04 | 0.94 | 0.72 | 382.71M | 377.51M |
| 2024-10-22 | 0.65 | 0.78 | 380.87M | 379.15M |
| 2024-07-23 | 0.43 | 0.49 | 303.46M | 309.73M |
| 2024-04-23 | 0.35 | 0.41 | 263.34M | 276.25M |
| 2024-02-06 | 0.54 | 0.54 | 302.57M | 328.25M |
| 2023-10-26 | 1.02 | 1.01 | 551.08M | 566.02M |
| 2023-07-27 | 1.47 | 1.25 | 711.12M | 722.12M |
| 2023-04-25 | 1.37 | 1.21 | 726.02M | 732.30M |
| 2023-02-07 | 1.51 | 1.27 | 724.65M | 706.76M |
| 2022-10-25 | 1.25 | 1.07 | 634.71M | 617.49M |
| 2022-07-26 | 1.07 | 0.83 | 530.20M | 509.46M |
| 2022-04-26 | 0.77 | 0.68 | 441.29M | 433.62M |
| 2022-02-08 | 0.73 | 0.57 | 412.72M | 400.18M |
| 2021-10-26 | 0.60 | 0.47 | 351.52M | 342.43M |
| 2021-07-27 | 0.53 | 0.42 | 316.06M | 341.85M |
| 2021-04-27 | 0.56 | 0.41 | 301.75M | 291.93M |
| 2021-02-09 | 0.51 | 0.40 | 264.84M | 200.24M |
| 2020-10-27 | 0.30 | 0.24 | 178.50M | 142.80M |
| 2020-08-04 | 0.17 | 0.14 | 125.54M | 103.38M |
| 2020-05-05 | 0.38 | 0.32 | 205.54M | 173.09M |
| 2020-02-18 | 0.39 | 0.33 | 210.03M | 177.72M |
| 2019-10-29 | 0.30 | 0.25 | 180.06M | 150.05M |
| 2019-07-30 | 0.18 | 0.13 | 134.09M | 96.85M |
| 2019-04-30 | 0.08 | 0.05 | 100.15M | 62.59M |
| 2019-02-26 | 0.04 | 0.06 | 92.29M | 138.43M |
| 2018-11-06 | 0.04 | 0.04 | 78.00M | 78.00M |
| 2018-07-31 | 0.02 | 0.01 | 75.90M | 37.95M |
| 2018-05-01 | -0.01 | -0.01 | 69.97M | 209.92M |
| 2018-02-27 | 0.01 | 0.00 | 79.67M | 215.12M |
| 2017-11-07 | -0.01 | -0.05 | 77.04M | 385.19M |
| 2017-08-08 | -0.08 | -0.07 | 74.70M | 65.37M |
| 2017-05-09 | -0.18 | -0.14 | 54.75M | 42.58M |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency —.
Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| No data yet. | ||||
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-14 | MORA RICHARD | Sell | 1.50K | $40.36 | 60.55K |
| 2026-07-30 | MORA RICHARD | Sell | 2.00K | $36.76 | 73.52K |
| 2026-06-12 | Trivedi Shanker | Buy | 1.00K | $53.91 | 53.91K |
| 2026-06-11 | Trivedi Shanker | Buy | 4.55K | $54.93 | 249.99K |
| 2026-06-11 | Trivedi Shanker | Other | 0 | — | — |
| 2026-06-01 | MORA RICHARD | Sell | 700 | $64.20 | 44.94K |
| 2026-05-26 | Kothandaraman Badrinarayanan | Buy | 600 | $68.39 | 41.03K |
| 2026-05-26 | Kothandaraman Badrinarayanan | Buy | 4.40K | $67.37 | 296.45K |
| 2026-05-19 | MORA RICHARD | Sell | 700 | $46.39 | 32.47K |
| 2026-05-13 | Kortlang Benjamin John | Buy | 5.95K | — | — |
| 2026-05-13 | Haenggi Jamie Elizabeth | Buy | 5.95K | — | — |
| 2026-05-13 | GOMO STEVEN J | Buy | 6.43K | — | — |
| 2026-05-13 | Rodgers Thurman J | Buy | 5.95K | — | — |
| 2026-05-13 | MORA RICHARD | Buy | 5.95K | — | — |
| 2026-05-13 | Malchow Joseph Ian | Buy | 5.95K | — | — |
| 2026-03-13 | Rodgers Thurman J | Sell | 137.25K | $43.61 | 5.99M |
| 2026-03-10 | Yang Mandy | Sell | 1.32K | $43.59 | 57.63K |
| 2026-03-01 | Yang Mandy | Sell | 1.66K | $42.27 | 70.34K |
| 2026-03-01 | Yang Mandy | Sell | 3.02K | $42.27 | 127.78K |
| 2026-03-01 | Yang Mandy | Sell | 3.72K | $42.27 | 157.29K |
| 2026-03-01 | Yang Mandy | Sell | 11.16K | $42.27 | 471.82K |
| 2026-03-01 | Kothandaraman Badrinarayanan | Sell | 4.88K | $42.27 | 206.40K |
| 2026-03-01 | Kothandaraman Badrinarayanan | Sell | 5.93K | $42.27 | 250.87K |
| 2026-03-01 | Kothandaraman Badrinarayanan | Sell | 7.12K | $42.27 | 301.05K |
| 2026-03-01 | Kothandaraman Badrinarayanan | Sell | 21.36K | $42.27 | 903.10K |
| 2026-03-01 | Erginsoy Mary | Sell | 464 | $42.27 | 19.61K |
| 2026-03-01 | Erginsoy Mary | Sell | 989 | $42.27 | 41.81K |
| 2026-03-01 | Erginsoy Mary | Sell | 1.79K | $42.27 | 75.71K |
| 2026-03-01 | Erginsoy Mary | Sell | 5.40K | $42.27 | 228.17K |
| 2026-02-10 | MORA RICHARD | Sell | 1.10K | $52.05 | 57.25K |
| 2026-02-05 | Kothandaraman Badrinarayanan | Buy | 4.25K | $52.14 | 221.59K |
| 2026-02-05 | Kothandaraman Badrinarayanan | Buy | 750 | $51.06 | 38.30K |
| 2026-01-29 | Erginsoy Mary | Buy | 10.56K | — | — |
| 2026-01-29 | Yang Mandy | Buy | 21.12K | — | — |
| 2026-01-29 | Kothandaraman Badrinarayanan | Buy | 33.00K | — | — |
| 2026-01-22 | Erginsoy Mary | Buy | 10.56K | — | — |
| 2026-01-22 | Kothandaraman Badrinarayanan | Buy | 39.60K | — | — |
| 2026-01-22 | Yang Mandy | Buy | 21.12K | — | — |
| 2025-12-12 | Yang Mandy | Sell | 6.00K | $33.01 | 198.06K |
| 2025-12-10 | Yang Mandy | Sell | 1.32K | $32.79 | 43.25K |
| 2025-12-02 | Rodgers Thurman J | Sell | 150.00K | $29.13 | 4.37M |
| 2025-11-10 | Kothandaraman Badrinarayanan | Buy | 5.00K | $30.69 | 153.44K |
| 2025-10-31 | Kothandaraman Badrinarayanan | Buy | 10.00K | $30.93 | 309.32K |
| 2025-09-10 | Yang Mandy | Sell | 1.32K | $37.12 | 48.96K |
| 2025-08-06 | Kothandaraman Badrinarayanan | Buy | 5.00K | $30.82 | 154.12K |
| 2025-06-10 | Yang Mandy | Sell | 1.32K | $45.08 | 59.46K |
| 2025-05-15 | Kortlang Benjamin John | Buy | 5.18K | — | — |
| 2025-05-14 | GOMO STEVEN J | Buy | 5.59K | — | — |
| 2025-05-14 | MORA RICHARD | Buy | 5.18K | — | — |
| 2025-05-14 | Rodgers Thurman J | Buy | 5.18K | — | — |
| 2025-05-14 | Haenggi Jamie Elizabeth | Buy | 5.18K | — | — |
| 2025-05-14 | Malchow Joseph Ian | Buy | 5.18K | — | — |
| 2025-04-25 | Kothandaraman Badrinarayanan | Buy | 4.00K | $46.35 | 185.39K |
| 2025-03-10 | Yang Mandy | Sell | 1.32K | $63.32 | 83.52K |
| 2025-03-07 | Rodgers Thurman J | Sell | 100.00K | $61.26 | 6.13M |
| 2025-03-01 | Kothandaraman Badrinarayanan | Sell | 4.83K | $57.33 | 276.90K |
| 2025-03-01 | Kothandaraman Badrinarayanan | Sell | 5.92K | $57.33 | 339.62K |
| 2025-03-01 | Kothandaraman Badrinarayanan | Sell | 8.89K | $57.33 | 509.43K |
| 2025-03-01 | Yang Mandy | Sell | 1.61K | $57.33 | 92.36K |
| 2025-03-01 | Yang Mandy | Sell | 3.02K | $57.33 | 173.02K |
| 2025-03-01 | Yang Mandy | Sell | 4.53K | $57.33 | 259.48K |
| 2025-03-01 | Erginsoy Mary | Sell | 463 | $57.33 | 26.54K |
| 2025-03-01 | Erginsoy Mary | Sell | 894 | $57.33 | 51.25K |
| 2025-03-01 | Erginsoy Mary | Sell | 1.41K | $57.33 | 80.84K |
| 2025-01-23 | Kothandaraman Badrinarayanan | Buy | 16.50K | — | — |
| 2025-01-23 | Yang Mandy | Buy | 8.58K | — | — |
| 2025-01-23 | Erginsoy Mary | Buy | 2.64K | — | — |
| 2025-01-14 | Erginsoy Mary | Buy | 10.56K | — | — |
| 2025-01-14 | Yang Mandy | Buy | 21.12K | — | — |
| 2025-01-14 | Kothandaraman Badrinarayanan | Buy | 39.60K | — | — |
| 2024-12-10 | Yang Mandy | Sell | 1.32K | $74.45 | 98.05K |
| 2024-11-20 | Kothandaraman Badrinarayanan | Buy | 2.44K | $62.42 | 152.06K |
| 2024-11-19 | Kothandaraman Badrinarayanan | Buy | 2.56K | $61.10 | 156.67K |
| 2024-11-14 | Kothandaraman Badrinarayanan | Buy | 5.00K | $60.38 | 301.90K |
| 2024-09-10 | Yang Mandy | Sell | 1.32K | $104.61 | 137.77K |
| 2024-06-17 | RANHOFF DAVID A | Sell | 4.33K | $123.20 | 534.08K |
| 2024-06-17 | RANHOFF DAVID A | Sell | 665 | $123.72 | 82.27K |
| 2024-06-10 | Yang Mandy | Sell | 1.32K | $130.67 | 172.09K |
| 2024-05-30 | Rodgers Thurman J | Sell | 5.19K | $129.60 | 672.35K |
| 2024-05-29 | Rodgers Thurman J | Sell | 123.37K | $125.96 | 15.54M |
| 2024-05-29 | Rodgers Thurman J | Sell | 195.84K | $126.89 | 24.85M |
| 2024-05-29 | Rodgers Thurman J | Sell | 314 | $127.63 | 40.08K |
| 2024-05-17 | GOMO STEVEN J | Buy | 413 | — | — |
| 2024-05-15 | RANHOFF DAVID A | Sell | 1.06K | $117.34 | 124.97K |
| 2024-05-15 | RANHOFF DAVID A | Sell | 1.82K | $118.26 | 214.88K |
| 2024-05-15 | RANHOFF DAVID A | Sell | 477 | $119.07 | 56.80K |
| 2024-05-15 | RANHOFF DAVID A | Sell | 1.54K | $120.29 | 185.37K |
| 2024-05-15 | RANHOFF DAVID A | Sell | 100 | $121.00 | 12.10K |
| 2024-05-15 | GOMO STEVEN J | Buy | 2.34K | — | — |
| 2024-05-15 | GOMO STEVEN J | Sell | 413 | — | — |
| 2024-05-15 | Kortlang Benjamin John | Buy | 2.17K | — | — |
| 2024-05-15 | Malchow Joseph Ian | Buy | 2.17K | — | — |
| 2024-05-15 | MORA RICHARD | Buy | 2.17K | — | — |
| 2024-05-15 | Rodgers Thurman J | Buy | 2.17K | — | — |
| 2024-05-15 | Haenggi Jamie Elizabeth | Buy | 2.17K | — | — |
| 2024-05-10 | RANHOFF DAVID A | Sell | 2.00K | $108.35 | 217.24K |
| 2024-05-02 | Yang Mandy | Buy | 2.00K | $104.99 | 209.97K |
| 2024-05-02 | Yang Mandy | Buy | 1.00K | $104.00 | 104.00K |
| 2024-05-02 | Yang Mandy | Buy | 1.00K | $103.00 | 103.00K |
| 2024-04-26 | GOMO STEVEN J | Sell | 24.67K | $110.07 | 2.72M |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 611, holders +57 vs prior quarter. Ownership 95.46%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 23.45M | 1.25M | +5.63% | 1.15B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 9.07M | -592.22K | -6.13% | 446.44M |
| VANGUARD CAPITAL MANAGEMENT LLC | 5.73M | 63.72K | +1.12% | 282.19M |
| STATE STREET CORP | 4.75M | 148.91K | +3.24% | 233.72M |
| TWO SIGMA INVESTMENTS, LP | 4.66M | -820.55K | -14.98% | 229.25M |
| JANE STREET GROUP, LLC | 3.94M | 2.47M | +169.22% | 193.82M |
| INVESCO LTD. | 3.66M | -20.94K | -0.57% | 180.29M |
| JANE STREET GROUP, LLC | 3.59M | 2.13M | +145.74% | 176.91M |
| GILDER GAGNON HOWE & CO LLC | 3.48M | 1.33M | +62.08% | 171.30M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3.27M | 2.40M | +277.30% | 161.09M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2.83M | 1.96M | +226.22% | 139.29M |
| SLATE PATH CAPITAL LP | 2.59M | 1.68M | +184.34% | 127.39M |
| MORGAN STANLEY | 2.41M | -520.12K | -17.76% | 118.60M |
| GEODE CAPITAL MANAGEMENT, LLC | 2.39M | -201.75K | -7.79% | 117.62M |
| JPMORGAN CHASE & CO | 2.42M | 2.42M | New | 117.10M |
| FIRST TRUST ADVISORS LP | 2.28M | 448.37K | +24.44% | 112.40M |
| HANDELSBANKEN FONDER AB | 2.11M | 1.28M | +154.94% | 103.95M |
| ROBECO SCHWEIZ AG | 2.06M | 1.01M | +95.97% | 101.52M |
| DIMENSIONAL FUND ADVISORS LP | 1.95M | 589.10K | +43.28% | 96.06M |
| CITADEL ADVISORS LLC | 1.86M | 1.03M | +124.52% | 91.56M |
| CITADEL ADVISORS LLC | 1.73M | 897.80K | +108.40% | 84.99M |
| GOLDMAN SACHS GROUP INC | 1.67M | 792.13K | +90.07% | 82.31M |
| FMR LLC | 1.67M | 1.67M | New | 82.24M |
| AMUNDI | 1.65M | 654.19K | +65.90% | 81.09M |
| HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. | 1.57M | 1.57M | New | 77.20M |
Earnings and financials
Enphase Energy, Inc. (ENPH) trades at $24.99, with a market cap of $3.30B and a trailing P/E of 43.13. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 322591000 | 286166000 | 316159000 | 624333000 | 774425000 | 1382049000 | 2330853000 | 2290786000 | 1330383000 | 1472985000 |
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