TTM
10.4%
YoY change
−29.58pp
Trough year (2008)
-872.1%
Peak year (2024)
36.1%
Latest annual
6.5%
FCF Margin history chart for Enphase Energy (ENPH) from 2008 to 2025
Latest: 6.5%
FCF Margin change chart for Enphase Energy (ENPH) from 2008 to 2025
Latest: −29.58pp
FCF Margin history table for Enphase Energy (ENPH) from 2008 to 2025
| 2025 | 6.5% | -29.58pp | ||
| 2024 | 36.1% | +10.49pp | ||
| 2023 | 25.6% | -4.36pp | ||
| 2022 | 30.0% | +8.29pp | ||
| 2021 | 21.7% | -3.61pp | ||
| 2020 | 25.3% | +5.37pp | ||
| 2019 | 19.9% | +16.12pp | ||
| 2018 | 3.8% | +15.17pp | ||
| 2017 | -11.4% | +2.82pp | ||
| 2016 | -14.2% | -4.70pp | ||
| 2015 | -9.5% | -12.47pp | ||
| 2014 | 3.0% | +6.03pp | ||
| 2013 | -3.1% | +23.54pp | ||
| 2012 | -26.6% | -16.55pp | ||
| 2011 | -10.1% | +24.19pp | ||
| 2010 | -34.2% | +70.03pp | ||
| 2009 | -104.3% | +767.79pp | ||
| 2008 | -872.1% | — |
- 20256.5%-29.58pp
- 202436.1%+10.49pp
- 202325.6%-4.36pp
- 202230.0%+8.29pp
- 202121.7%-3.61pp
- 202025.3%+5.37pp
- 201919.9%+16.12pp
- 20183.8%+15.17pp
- 2017-11.4%+2.82pp
- 2016-14.2%-4.70pp
- 2015-9.5%-12.47pp
- 20143.0%+6.03pp
- 2013-3.1%+23.54pp
- 2012-26.6%-16.55pp
- 2011-10.1%+24.19pp
- 2010-34.2%+70.03pp
- 2009-104.3%+767.79pp
- 2008-872.1%—
FCF 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 FCF Margin at Enphase Energy (ENPH)
According to Enphase Energy's latest reported financial statements, the company's latest reported free cash flow margin is 10.4%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
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) free cash flow margin is 6.51% – contracted 29.6 percentage points year-over-year.
36.09% stands as the all-time-high annual free cash flow margin, posted in 2024, against a low of -872.06% during 2008.
Enphase Energy FCF Margin by Year
Enphase Energy FCF Margin 2025: 6.5%
In 2025, Enphase Energy reported free cash flow margin of 6.51%, contracted 29.6 percentage points from 2024.
Enphase Energy FCF Margin 2024: 36.1%
Enphase Energy free cash flow margin in 2024 was 36.09%, expanded 10.5 percentage points from 2023. This figure represents the highest annual value in the available history.
Enphase Energy FCF Margin 2023: 25.6%
2023's free cash flow margin for Enphase Energy came in at 25.60%, contracted 4.4 percentage points from 2022.
Enphase Energy FCF Margin 2022: 30.0%
Enphase Energy posted free cash flow margin of 29.96% in 2022, expanded 8.3 percentage points from 2021.
Enphase Energy FCF Margin 2021: 21.7%
Enphase Energy free cash flow margin in 2021 was 21.67%.
See more financial history for Enphase Energy (ENPH).
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