Latest period
$119M
YoY change
-80.0%
5Y CAGR
-13.3%
Peak year (FY2022)
$698M
Latest annual
$95.9M
Free Cash Flow history chart for Enphase Energy (ENPH) from 2016 to 2025
Latest: $95.9M
Free Cash Flow growth chart for Enphase Energy (ENPH) from 2016 to 2025
Latest: -80.0%
Free Cash Flow history table for Enphase Energy (ENPH) from 2008 to 2025
| FY2025 | $95.9M | -80.0% | -$384M | ||
| FY2024 | $480M | -18.1% | -$106M | ||
| FY2023 | $586M | -16.0% | -$112M | ||
| FY2022 | $698M | +133.2% | +$399M | ||
| FY2021 | $300M | +53.0% | +$104M | ||
| FY2020 | $196M | +57.5% | +$71.5M | ||
| FY2019 | $124M | +937.3% | +$112M | ||
| FY2018 | $12M | -136.8% | +$44.5M | ||
| FY2017 | -$32.6M | -28.9% | +$13.2M | ||
| FY2016 | -$45.8M | +35.0% | -$11.9M | ||
| FY2015 | -$33.9M | -431.8% | -$44.1M | ||
| FY2014 | $10.2M | -243.4% | +$17.4M | ||
| FY2013 | -$7.13M | -87.6% | +$50.5M | ||
| FY2012 | -$57.6M | +283.5% | -$42.6M | ||
| FY2011 | -$15M | -28.8% | +$6.09M | ||
| FY2010 | -$21.1M | +0.3% | -$57K | ||
| FY2009 | -$21.1M | +44.8% | -$6.51M | ||
| FY2008 | -$14.5M | — | — |
- FY2025$95.9M-80.0%
- FY2024$480M-18.1%
- FY2023$586M-16.0%
- FY2022$698M+133.2%
- FY2021$300M+53.0%
- FY2020$196M+57.5%
- FY2019$124M+937.3%
- FY2018$12M-136.8%
- FY2017-$32.6M-28.9%
- FY2016-$45.8M+35.0%
- FY2015-$33.9M-431.8%
- FY2014$10.2M-243.4%
- FY2013-$7.13M-87.6%
- FY2012-$57.6M+283.5%
- FY2011-$15M-28.8%
- FY2010-$21.1M+0.3%
- FY2009-$21.1M+44.8%
- FY2008-$14.5M—
Free Cash Flow 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 Free Cash Flow at Enphase Energy (ENPH)
Free Cash Flow for Enphase Energy (ENPH): headline value $119M · YoY -80.0%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Enphase Energy (ENPH) most recent annual free cash flow stands at $95.9M (2025) – plunged 80.0% year-over-year.
Through 2020–2025 (5 years), Enphase Energy free cash flow delivered a -13.3% annualised rate; with a net decline across the window.
Enphase Energy free cash flow peaked at $698M in 2022; the latest annual figure is $95.9M in 2025 (86.3% below peak).
Across the available history, free cash flow reached its high of $698M in 2022 and its low of -$57.6M in 2012.
Enphase Energy Free Cash Flow by Year
Enphase Energy Free Cash Flow 2025: $95.9M
Enphase Energy posted free cash flow of $95.9M in 2025, plunged 80.0% below 2024.
Enphase Energy Free Cash Flow 2024: $480M
In 2024, Enphase Energy reported free cash flow of $480M, declined 18.1% below 2023.
Enphase Energy Free Cash Flow 2023: $586M
Enphase Energy free cash flow in 2023 was $586M, declined 16.0% below 2022.
Enphase Energy Free Cash Flow 2022: $698M
2022's free cash flow for Enphase Energy came in at $698M, surged 133.2% from 2021. This figure represents the highest annual value in the available history.
Enphase Energy Free Cash Flow 2021: $300M
Enphase Energy free cash flow in 2021 was $300M.
See more financial history for Enphase Energy (ENPH).
Sector peers by Free Cash Flow
Energy peers of Enphase Energy (ENPH), ranked by their latest free cash flow
| $16.8B | |
| $16.6B | |
| $5.03B | |
| $4.77B | |
| $3.93B | |
| $3.25B | |
| $2.73B | |
| $1.01B |
- $16.8B
- $16.6B
- $5.03B
- $4.77B
- $3.93B
- $3.25B
- $2.73B
- $1.01B
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Enphase Energy (ENPH) Key Financials
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