Enphase Energy, Inc.
Company Stats
- Market Cap
- $4.4B
- as of Sep 30, 2026
- Shares Outstanding
- 132.1M
- Free Float
- 73.1%
Income Statement
- Revenue
- $1.5B
- Operating Income
- $157.5M
- Net Income
- $172.1M
- EBITDA
- $238.2M
- Non-cash Impairment
- $3.1M
- Revenue Growth, 3Y
- -14.2%
- FCF Margin, 3Y Avg
- 22.7%
- FCF Margin, Worst Year
- 6.5%
Cash Flow
- Free Cash Flow
- $95.9M
- FCF Yield
- 2.2%
- Owner FCF Yield
- -2.7%
Balance Sheet
- Cash & Equivalents
- $474.3M
Returns & Capital
- Share Repurchases
- $130.0M
- Buyback Yield, 3Y Avg
- 7.1%
- SBC, 3Y Avg
- $212.8M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $1.5B | $95.9M | 6.5% |
| FY2024 | $1.3B | $480.1M | 36.1% |
| FY2023 | $2.3B | $586.4M | 25.6% |
| FY2022 | $2.3B | $698.4M | 30.0% |
| FY2021 | $1.4B | $299.8M | 21.7% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 11, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges