Ticker League

Capital Expenditures for Enphase Energy (ENPH) 2008-2026

Latest filings through · Reported

Metric

Latest period

$52.1M

YoY change

+20.9%

5Y CAGR

+14.6%

Peak year (FY2023)

$110M

CapEx history chart for Enphase Energy (ENPH) from 2016 to 2025

Latest: $40.6M

CapEx growth chart for Enphase Energy (ENPH) from 2016 to 2025

Latest: +20.9%

CapEx history table for Enphase Energy (ENPH) from 2008 to 2025

  • FY2025$40.6M+20.9%
  • FY2024$33.6M-69.6%
  • FY2023$110M+137.7%
  • FY2022$46.4M-11.6%
  • FY2021$52.5M+155.4%
  • FY2020$20.6M+39.0%
  • FY2019$14.8M+256.3%
  • FY2018$4.15M+0.7%
  • FY2017$4.12M-67.9%
  • FY2016$12.8M+0.7%
  • FY2015$12.8M-8.8%
  • FY2014$14M+123.7%
  • FY2013$6.26M-51.8%
  • FY2012$13M-11.4%
  • FY2011$14.7M+349.5%
  • FY2010$3.26M+50.3%
  • FY2009$2.17M-6.2%
  • FY2008$2.31M—

CapEx values are taken from Enphase Energy's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About CapEx at Enphase Energy (ENPH)

According to Enphase Energy's latest reported financial statements, the company's current CapEx (TTM) is $52.1M. 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 .

2025's annual CapEx for Enphase Energy (ENPH) came in at $40.6M – grew 20.9% year-over-year.

Looking at the 2020–2025 (5 years) stretch, Enphase Energy CapEx compounded at +14.6% per year, with mixed annual results across the window.

Enphase Energy CapEx peaked at $110M in 2023; the latest annual figure is $40.6M in 2025 (63.2% below peak).

The highest annual CapEx of $110M was reported in 2023. The lowest in the available history was $2.17M in 2009.

Enphase Energy Capital Expenditures by Year

Enphase Energy Capital Expenditures 2025: $40.6M

Enphase Energy CapEx in 2025 was $40.6M, grew 20.9% from 2024.

Enphase Energy Capital Expenditures 2024: $33.6M

2024's CapEx for Enphase Energy came in at $33.6M, plunged 69.6% below 2023.

Enphase Energy Capital Expenditures 2023: $110M

Enphase Energy posted CapEx of $110M in 2023, surged 137.7% from 2022. This figure represents the highest annual value in the available history.

Enphase Energy Capital Expenditures 2022: $46.4M

In 2022, Enphase Energy reported CapEx of $46.4M, declined 11.6% below 2021.

Enphase Energy Capital Expenditures 2021: $52.5M

Enphase Energy CapEx in 2021 was $52.5M.

See more financial history for Enphase Energy (ENPH).

Sector peers by CapEx

Energy peers of Enphase Energy (ENPH), ranked by their latest CapEx

Frequently asked questions

Enphase Energy (ENPH) Key Financials

Charts, filings, and peer comparison for every metric

Operations

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Capital Return

How this company returns cash to shareholders — buybacks, dividends, and stock splits.