TTM
14.8%
YoY change
+3.87pp
Trough year (2008)
-848.9%
Peak year (2023)
26.0%
Latest annual
19.7%
EBITDA Margin history chart for Enphase Energy (ENPH) from 2008 to 2025
Latest: 19.7%
EBITDA Margin change chart for Enphase Energy (ENPH) from 2008 to 2025
Latest: +3.87pp
EBITDA Margin history table for Enphase Energy (ENPH) from 2008 to 2025
| 2025 | 19.7% | +3.87pp | ||
| 2024 | 15.8% | -10.23pp | ||
| 2023 | 26.0% | +3.73pp | ||
| 2022 | 22.3% | +8.07pp | ||
| 2021 | 14.2% | -6.22pp | ||
| 2020 | 20.5% | +2.22pp | ||
| 2019 | 18.2% | +15.04pp | ||
| 2018 | 3.2% | +13.03pp | ||
| 2017 | -9.8% | +6.47pp | ||
| 2016 | -16.3% | -13.59pp | ||
| 2015 | -2.7% | -3.53pp | ||
| 2014 | 0.8% | +7.70pp | ||
| 2013 | -6.9% | +4.92pp | ||
| 2012 | -11.8% | +5.76pp | ||
| 2011 | -17.6% | +13.76pp | ||
| 2010 | -31.3% | +47.37pp | ||
| 2009 | -78.7% | +770.23pp | ||
| 2008 | -848.9% | — |
- 202519.7%+3.87pp
- 202415.8%-10.23pp
- 202326.0%+3.73pp
- 202222.3%+8.07pp
- 202114.2%-6.22pp
- 202020.5%+2.22pp
- 201918.2%+15.04pp
- 20183.2%+13.03pp
- 2017-9.8%+6.47pp
- 2016-16.3%-13.59pp
- 2015-2.7%-3.53pp
- 20140.8%+7.70pp
- 2013-6.9%+4.92pp
- 2012-11.8%+5.76pp
- 2011-17.6%+13.76pp
- 2010-31.3%+47.37pp
- 2009-78.7%+770.23pp
- 2008-848.9%—
EBITDA Margin values are taken from Enphase Energy's reported income 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 EBITDA Margin at Enphase Energy (ENPH)
According to Enphase Energy's latest reported financial statements, the company's latest reported EBITDA margin is 14.8%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Enphase Energy (ENPH) EBITDA margin is 19.69% – expanded 3.9 percentage points year-over-year.
The record annual EBITDA margin stands at 26.05%, reached in 2023; the historical low of -848.92% was recorded in 2008.
Enphase Energy EBITDA Margin by Year
Enphase Energy EBITDA Margin 2025: 19.7%
In 2025, Enphase Energy reported EBITDA margin of 19.69%, expanded 3.9 percentage points from 2024.
Enphase Energy EBITDA Margin 2024: 15.8%
Enphase Energy EBITDA margin in 2024 was 15.82%, contracted 10.2 percentage points from 2023.
Enphase Energy EBITDA Margin 2023: 26.0%
2023's EBITDA margin for Enphase Energy came in at 26.05%, expanded 3.7 percentage points from 2022. This figure represents the highest annual value in the available history.
Enphase Energy EBITDA Margin 2022: 22.3%
Enphase Energy posted EBITDA margin of 22.32% in 2022, expanded 8.1 percentage points from 2021.
Enphase Energy EBITDA Margin 2021: 14.2%
Enphase Energy EBITDA margin in 2021 was 14.25%.
See more financial history for Enphase Energy (ENPH).
Sector peers by EBITDA Margin
Energy peers of Enphase Energy (ENPH), ranked by their latest EBITDA margin
| 59.5% | |
| 38.5% | |
| 27.6% | |
| 21.8% | |
| 19.6% | |
| 18.5% | |
| 9.1% | |
| 7.2% |
- 38.5%
- 27.6%
- 21.8%
- 19.6%
- 18.5%
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