Capital Expenditures for Enphase Energy (ENPH)
According to Enphase Energy's latest reported financial statements, the company's current capital expenditures (TTM) is $45.93M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
ENPH
Currently viewingCapital ExpendituresSwitch metric
Latest period
$45.93M
YoY change
+20.9%
5Y CAGR
+14.6%
Peak year (2023)
$110.40M
Cumulative capital expenditures
$408.47M
CapEx history chart for Enphase Energy (ENPH) from 2008 to 2025
CapEx history table for Enphase Energy (ENPH) from 2008 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $40.64M | +20.9% | ||
| 2024 | $33.60M | -69.6% | ||
| 2023 | $110.40M | +137.7% | ||
| 2022 | $46.44M | -11.6% | ||
| 2021 | $52.51M | +155.4% | ||
| 2020 | $20.56M | +39.0% | ||
| 2019 | $14.79M | +256.3% | ||
| 2018 | $4.15M | +0.7% | ||
| 2017 | $4.12M | -67.9% | ||
| 2016 | $12.85M | +0.7% | ||
| 2015 | $12.76M | -8.8% | ||
| 2014 | $14.00M | +123.7% | ||
| 2013 | $6.26M | -51.8% | ||
| 2012 | $12.99M | -11.4% | ||
| 2011 | $14.66M | +349.5% | ||
| 2010 | $3.26M | +50.3% | ||
| 2009 | $2.17M | -6.2% | ||
| 2008 | $2.31M | — |
CapEx values are taken from Enphase Energy's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Enphase Energy (ENPH) came in at $40.64M – grew 20.9% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Enphase Energy capital expenditures compounded at +14.6% per year, with the latest reading among the more recent periods of the dataset.
Enphase Energy capital expenditures peaked at $110.40M in 2023; the latest annual figure is $40.64M in 2025 (63.2% below peak).
The highest annual capital expenditures of $110.40M was reported in 2023. The lowest in the available history was $2.17M in 2009.
Within Energy, Enphase Energy (ENPH) ranks 9th among 8 peers we track. The peer median for capital expenditures is $5.50B.
Enphase Energy Capital Expenditures by Year
Enphase Energy Capital Expenditures 2025: $40.64M
Enphase Energy capital expenditures in 2025 was $40.64M, grew 20.9% from 2024.
Enphase Energy Capital Expenditures 2024: $33.60M
Enphase Energy capital expenditures in 2024 was $33.60M, plunged 69.6% below 2023.
Enphase Energy Capital Expenditures 2023: $110.40M
Enphase Energy capital expenditures in 2023 was $110.40M, surged 137.7% from 2022. This figure represents the highest annual value in the available history.
Enphase Energy Capital Expenditures 2022: $46.44M
Enphase Energy capital expenditures in 2022 was $46.44M, declined 11.6% below 2021.
Enphase Energy Capital Expenditures 2021: $52.51M
Enphase Energy capital expenditures in 2021 was $52.51M.
See more financial history for Enphase Energy (ENPH).
Sector peers — CapEx
Companies in the same sector as Enphase Energy, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.36B | Energy |
| Chevron Corporation (CVX) | $17.35B | Energy |
| Enbridge Inc. (ENB) | $8.97B | Energy |
| EOG Resources, Inc. (EOG) | $6.12B | Energy |
| The Williams Companies, Inc. (WMB) | $4.89B | Energy |
| ConocoPhillips (COP) | $3.02B | Energy |
| SLB N.V. (SLB) | $1.69B | Energy |
| Valero Energy Corporation (VLO) | $796.00M | Energy |
Frequently asked questions
What is Enphase Energy's capital expenditures?
- Latest reported capital expenditures for Enphase Energy (ENPH) is $45.93M (period ending March 31, 2026).
How has Enphase Energy capital expenditures changed year-over-year?
- Enphase Energy (ENPH) capital expenditures changed +20.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Enphase Energy capital expenditures?
- Enphase Energy (ENPH) capital expenditures compound annual growth rate is +14.6% over the most recent 5 years available.
When did Enphase Energy capital expenditures hit its highest annual value?
- Enphase Energy capital expenditures reached its highest annual value of $110.40M in 2023.
What was Enphase Energy capital expenditures in 2024?
- Enphase Energy (ENPH) capital expenditures in 2024 was $33.60M.
What was Enphase Energy capital expenditures in 2025?
- Enphase Energy (ENPH) capital expenditures in 2025 was $40.64M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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