Buyback yield (TTM)
1.01%
Shareholder yield (TTM)
1.01%
5Y share count change
-5.0%
Buyback spend (TTM)
$50.36M
Cumulative buybacks
$1.43B
Key takeaways
- Enphase Energy (ENPH) repurchased about $50.36M of stock over the trailing twelve months.
- Diluted share count is down 5.0% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 0.24× — repurchases only partially offset SBC dilution.
- TTM repurchases used about 35% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Enphase Energy (ENPH)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Enphase Energy (ENPH)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Enphase Energy (ENPH)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Enphase Energy (ENPH)
Latest: $129.96M
Overview
Enphase Energy (ENPH) most recent annual buyback spend stands at $129.96M (2025) – plunged 66.8% year-over-year.
Enphase Energy buyback spend plunged from $500.00M in 2021 to $129.96M in 2025, a 74.0% drawdown.
The highest annual buyback spend of $500.00M was reported in 2021. The lowest in the available history was $0.00 in 2008.
Enphase Energy Buyback Spend 2025: $129.96M
In 2025, Enphase Energy reported buyback spend of $129.96M, plunged 66.8% below 2024.
Enphase Energy Buyback Spend 2024: $391.36M
Enphase Energy buyback spend in 2024 was $391.36M, edged down 4.5% below 2023.
Enphase Energy Buyback Spend 2023: $410.00M
Enphase Energy buyback spend in 2023 was $410.00M.
Enphase Energy Buyback Spend 2022: $0.00
Enphase Energy posted buyback spend of $0.00 in 2022, plunged 100.0% below 2021.
Enphase Energy Buyback Spend 2021: $500.00M
Enphase Energy buyback spend in 2021 was $500.00M.
See more financial history for Enphase Energy (ENPH).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $129.96M | $214.09M | −$84.13M | 3.10% | 0.13B | -3.7% | |
| 2024 | $391.36M | $211.36M | $180.00M | 4.26% | 0.14B | -2.3% | |
| 2023 | $410.00M | $212.86M | $197.14M | 2.28% | 0.14B | -0.8% | |
| 2022 | $0.00 | $0.00 | $0.00 | — | 0.14B | +1.1% | |
| 2021 | $500.00M | $114.29M | $385.71M | 2.03% | 0.14B | +0.7% | |
| 2020 | $0.00 | $42.50M | −$42.50M | — | 0.14B | +7.8% | |
| 2019 | $0.00 | $20.18M | −$20.18M | — | 0.13B | +32.1% | |
| 2018 | $0.00 | $11.43M | −$11.43M | — | 0.10B | +20.1% | |
| 2017 | $0.00 | $6.73M | −$6.73M | — | 0.08B | +64.2% | |
| 2016 | $0.00 | $10.33M | −$10.33M | — | 0.05B | +13.2% | |
| 2015 | $0.00 | $12.70M | −$12.70M | — | 0.04B | +4.0% | |
| 2014 | $0.00 | $9.74M | −$9.74M | — | 0.04B | +3.0% | |
| 2013 | $0.00 | $6.85M | −$6.85M | — | 0.04B | +35.5% | |
| 2012 | $0.00 | $4.77M | −$4.77M | — | 0.03B | -21.8% | |
| 2011 | $0.00 | $2.12M | −$2.12M | — | 0.04B | +3377.1% | |
| 2010 | $0.00 | $829.00K | −$829.00K | — | 0.00B | 0.0% | |
| 2009 | $0.00 | $180.00K | −$180.00K | — | 0.00B | 0.0% | |
| 2008 | $0.00 | $0.00 | $0.00 | — | 0.00B | — |
- 2025$129.96M
- 2024$391.36M
- 2023$410.00M
- 2022$0.00
- 2021$500.00M
- 2020$0.00
- 2019$0.00
- 2018$0.00
- 2017$0.00
- 2016$0.00
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$0.00
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$0.00
Buybacks vs stock-based compensation for Enphase Energy (ENPH)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 0.24×.
Buybacks vs dividends (share of cash returned) for Enphase Energy (ENPH)
How Enphase Energy splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Enphase Energy, ranked by their latest buyback spend.
| $20.27B | |
| $11.86B | |
| $5.02B | |
| $3.49B | |
| $2.60B | |
| $2.41B | |
| $0.00 | |
| $0.00 |
- $20.27B
- $11.86B
- $5.02B
- $3.49B
- $2.60B
- $2.41B
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $145.07M (TTM FCF − TTM dividends, clamped at zero).
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