TTM
44.2%
YoY change
−0.65pp
Trough year (2008)
-348.1%
Peak year (2024)
47.3%
Latest annual
46.6%
Gross Margin history chart for Enphase Energy (ENPH) from 2008 to 2025
Latest: 46.6%
Gross Margin change chart for Enphase Energy (ENPH) from 2008 to 2025
Latest: −0.65pp
Gross Margin history table for Enphase Energy (ENPH) from 2008 to 2025
| 2025 | 46.6% | -0.65pp | ||
| 2024 | 47.3% | +1.09pp | ||
| 2023 | 46.2% | +4.39pp | ||
| 2022 | 41.8% | +1.70pp | ||
| 2021 | 40.1% | -4.56pp | ||
| 2020 | 44.7% | +9.24pp | ||
| 2019 | 35.4% | +5.56pp | ||
| 2018 | 29.9% | +10.29pp | ||
| 2017 | 19.6% | +1.60pp | ||
| 2016 | 18.0% | -12.31pp | ||
| 2015 | 30.3% | -2.58pp | ||
| 2014 | 32.9% | +3.92pp | ||
| 2013 | 29.0% | +3.44pp | ||
| 2012 | 25.5% | +6.08pp | ||
| 2011 | 19.4% | +8.90pp | ||
| 2010 | 10.5% | +25.54pp | ||
| 2009 | -15.0% | +333.14pp | ||
| 2008 | -348.1% | — |
- 202546.6%-0.65pp
- 202447.3%+1.09pp
- 202346.2%+4.39pp
- 202241.8%+1.70pp
- 202140.1%-4.56pp
- 202044.7%+9.24pp
- 201935.4%+5.56pp
- 201829.9%+10.29pp
- 201719.6%+1.60pp
- 201618.0%-12.31pp
- 201530.3%-2.58pp
- 201432.9%+3.92pp
- 201329.0%+3.44pp
- 201225.5%+6.08pp
- 201119.4%+8.90pp
- 201010.5%+25.54pp
- 2009-15.0%+333.14pp
- 2008-348.1%—
Gross 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 Gross Margin at Enphase Energy (ENPH)
According to Enphase Energy's latest reported financial statements, the company's latest reported gross margin is 44.2%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual gross margin for Enphase Energy (ENPH) came in at 46.64% – contracted 0.6 percentage points year-over-year.
47.29% stands as the all-time-high annual gross margin, posted in 2024, against a low of -348.14% during 2008.
Enphase Energy Gross Margin by Year
Enphase Energy Gross Margin 2025: 46.6%
Enphase Energy posted gross margin of 46.64% in 2025, contracted 0.6 percentage points from 2024.
Enphase Energy Gross Margin 2024: 47.3%
In 2024, Enphase Energy reported gross margin of 47.29%, expanded 1.1 percentage points from 2023. This figure represents the highest annual value in the available history.
Enphase Energy Gross Margin 2023: 46.2%
Enphase Energy gross margin in 2023 was 46.20%, expanded 4.4 percentage points from 2022.
Enphase Energy Gross Margin 2022: 41.8%
2022's gross margin for Enphase Energy came in at 41.81%, expanded 1.7 percentage points from 2021.
Enphase Energy Gross Margin 2021: 40.1%
Enphase Energy gross margin in 2021 was 40.12%.
See more financial history for Enphase Energy (ENPH).
Sector peers by Gross Margin
Energy peers of Enphase Energy (ENPH), ranked by their latest gross margin
| 62.8% | |
| 30.7% | |
| 29.2% | |
| 25.5% | |
| 25.4% | |
| 17.3% | |
| 8.8% | |
| 7.2% |
- 30.7%
- 29.2%
- 25.5%
- 25.4%
- 17.3%
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