Gross Profit for Enphase Energy (ENPH)
According to Enphase Energy's latest reported financial statements, the company's current gross profit (TTM) is $619.16M USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
ENPH
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TTM (last 4 quarters)
$619.16M
YoY change
+9.2%
5Y CAGR
+14.7%
Peak year (2023)
$1.06B
Cumulative gross profit
$5.05B
Gross Profit history chart for Enphase Energy (ENPH) from 2008 to 2025
Gross Profit history table for Enphase Energy (ENPH) from 2008 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $687.00M | +9.2% | ||
| 2024 | $629.14M | -40.6% | ||
| 2023 | $1.06B | +8.6% | ||
| 2022 | $974.60M | +75.8% | ||
| 2021 | $554.42M | +60.2% | ||
| 2020 | $345.98M | +56.4% | ||
| 2019 | $221.25M | +134.3% | ||
| 2018 | $94.44M | +68.5% | ||
| 2017 | $56.04M | -3.4% | ||
| 2016 | $58.01M | -46.4% | ||
| 2015 | $108.22M | -4.3% | ||
| 2014 | $113.04M | +67.7% | ||
| 2013 | $67.42M | +21.9% | ||
| 2012 | $55.29M | +90.2% | ||
| 2011 | $29.07M | +347.1% | ||
| 2010 | $6.50M | -314.7% | ||
| 2009 | -$3.03M | -47.8% | ||
| 2008 | -$5.81M | — |
Gross Profit values are taken from Enphase Energy's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Enphase Energy (ENPH) reported gross profit of $687.00M – grew 9.2% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Enphase Energy gross profit compounded at +14.7% per year, with the latest reading among the more recent periods of the dataset.
Between 2023 and 2025, Enphase Energy gross profit plunged 35.1%, falling from $1.06B to $687.00M.
Across the available history, gross profit reached its high of $1.06B in 2023 and its low of -$5.81M in 2008.
Within Energy, Enphase Energy (ENPH) ranks 9th among 8 peers we track. The peer median for gross profit is $14.92B.
Enphase Energy Gross Profit by Year
Enphase Energy Gross Profit 2025: $687.00M
Enphase Energy gross profit in 2025 was $687.00M, grew 9.2% from 2024.
Enphase Energy Gross Profit 2024: $629.14M
Enphase Energy gross profit in 2024 was $629.14M, plunged 40.6% below 2023.
Enphase Energy Gross Profit 2023: $1.06B
Enphase Energy gross profit in 2023 was $1.06B, grew 8.6% from 2022. This figure represents the highest annual value in the available history.
Enphase Energy Gross Profit 2022: $974.60M
Enphase Energy gross profit in 2022 was $974.60M, surged 75.8% from 2021.
Enphase Energy Gross Profit 2021: $554.42M
Enphase Energy gross profit in 2021 was $554.42M.
See more financial history for Enphase Energy (ENPH).
Sector peers — Gross Profit
Companies in the same sector as Enphase Energy, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $70.23B | Energy |
| Chevron Corporation (CVX) | $56.09B | Energy |
| Enbridge Inc. (ENB) | $21.50B | Energy |
| EOG Resources, Inc. (EOG) | $15.37B | Energy |
| ConocoPhillips (COP) | $14.46B | Energy |
| SLB N.V. (SLB) | $6.50B | Energy |
| Valero Energy Corporation (VLO) | $5.37B | Energy |
| The Williams Companies, Inc. (WMB) | $5.12B | Energy |
Frequently asked questions
What is Enphase Energy's gross profit?
- Latest reported gross profit for Enphase Energy (ENPH) is $619.16M (period ending March 31, 2026).
How has Enphase Energy gross profit changed year-over-year?
- Enphase Energy (ENPH) gross profit changed +9.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Enphase Energy gross profit?
- Enphase Energy (ENPH) gross profit compound annual growth rate is +14.7% over the most recent 5 years available.
When did Enphase Energy gross profit hit its highest annual value?
- Enphase Energy gross profit reached its highest annual value of $1.06B in 2023.
What was Enphase Energy gross profit in 2024?
- Enphase Energy (ENPH) gross profit in 2024 was $629.14M.
What was Enphase Energy gross profit in 2025?
- Enphase Energy (ENPH) gross profit in 2025 was $687.00M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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