Enphase Energy Inc

NAS:ENPHEnergyNASDAQ:CELSNASDAQ:INDS

$30.63+0.03%At closeAt close · Tue 20 Oct · ≈ AED 112.49 · Market cap $4.04B · Next earnings Tue 27 Oct

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	44.7%	40.1%	41.8%	46.2%	47.3%	46.6%	—	—
Operating margin	24.1%	15.6%	19.2%	19.5%	5.8%	11.2%	11.2%	+0.0 pts
Net margin	17.3%	10.5%	17.0%	19.2%	7.7%	11.7%	11.7%	+0.0 pts
EBITDA margin	20.5%	14.2%	22.3%	26.0%	15.8%	19.7%	—	—
Return on equity	27.7%	33.8%	48.1%	44.6%	12.3%	15.8%	15.8%	+0.0 pts
Return on assets	11.2%	7.0%	12.9%	13.0%	3.2%	4.9%	4.9%	+0.0 pts
Return on capital employed	28.0%	13.2%	18.3%	15.6%	3.0%	7.3%	—	—
Debt / equity	0.7×	2.4×	1.6×	1.3×	1.6×	1.1×	1.1×	+0.0%
Debt / assets	29.2%	50.7%	42.6%	39.0%	41.0%	35.4%	—	—
Interest coverage	8.9×	4.8×	47.5×	50.4×	8.7×	36.4×	—	—
Current ratio	1.7×	3.3×	3.5×	4.6×	3.5×	2.1×	2.1×	+0.0%
Quick ratio	1.7×	3.2×	3.3×	4.2×	3.3×	1.8×	—	—
Cash ratio	1.3×	0.3×	0.7×	0.5×	0.6×	0.4×	0.4×	+0.0%
Asset turnover	0.6×	0.7×	0.8×	0.7×	0.4×	0.4×	—	—
Inventory turnover	10.3×	11.1×	9.1×	5.8×	4.2×	2.7×	—	—
Receivables turnover	3.9×	3.9×	5.3×	5.1×	5.9×	5.5×	—	—
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.