TTM
$95.32M
YoY change
+113.0%
5Y CAGR
-2.5%
Peak year (2022)
$448.26M
Cumulative operating income
$1.35B
Operating Income history chart for Enphase Energy (ENPH) from 2008 to 2025
Latest: $164.66M
Operating Income growth chart for Enphase Energy (ENPH) from 2008 to 2025
Latest: +113.0%
Operating Income history table for Enphase Energy (ENPH) from 2008 to 2025
| 2025 | $164.66M | +113.0% | +$87.36M | ||
| 2024 | $77.29M | -82.7% | −$368.45M | ||
| 2023 | $445.74M | -0.6% | −$2.52M | ||
| 2022 | $448.26M | +107.7% | +$232.43M | ||
| 2021 | $215.83M | +15.8% | +$29.39M | ||
| 2020 | $186.44M | +81.5% | +$83.71M | ||
| 2019 | $102.73M | +6336.7% | +$101.13M | ||
| 2018 | $1.60M | -104.1% | +$40.97M | ||
| 2017 | −$39.38M | -37.2% | +$23.32M | ||
| 2016 | −$62.70M | +224.7% | −$43.39M | ||
| 2015 | −$19.31M | +336.0% | −$14.88M | ||
| 2014 | −$4.43M | -80.0% | +$17.73M | ||
| 2013 | −$22.16M | -28.9% | +$9.00M | ||
| 2012 | −$31.16M | +8.5% | −$2.45M | ||
| 2011 | −$28.71M | +38.6% | −$8.00M | ||
| 2010 | −$20.72M | +24.1% | −$4.02M | ||
| 2009 | −$16.69M | +13.6% | −$2.00M | ||
| 2008 | −$14.70M | — | — |
- 2025$164.66M+113.0%
- 2024$77.29M-82.7%
- 2023$445.74M-0.6%
- 2022$448.26M+107.7%
- 2021$215.83M+15.8%
- 2020$186.44M+81.5%
- 2019$102.73M+6336.7%
- 2018$1.60M-104.1%
- 2017−$39.38M-37.2%
- 2016−$62.70M+224.7%
- 2015−$19.31M+336.0%
- 2014−$4.43M-80.0%
- 2013−$22.16M-28.9%
- 2012−$31.16M+8.5%
- 2011−$28.71M+38.6%
- 2010−$20.72M+24.1%
- 2009−$16.69M+13.6%
- 2008−$14.70M—
Operating Income 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 Operating Income at Enphase Energy (ENPH)
According to Enphase Energy's latest reported financial statements, the company's current operating income (TTM) is $95.32M. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, Enphase Energy (ENPH) operating income totalled $164.66M – surged 113.0% year-over-year.
Over 2020–2025 (5 years), Enphase Energy operating income expanded at a -2.5% compound annual rate, with a net decline across the window.
Between 2022 and 2025, Enphase Energy operating income plunged 63.3%, falling from $448.26M to $164.66M.
Across the available history, operating income reached its high of $448.26M in 2022 and its low of −$62.70M in 2016.
Enphase Energy Operating Income by Year
Enphase Energy Operating Income 2025: $164.66M
Enphase Energy operating income in 2025 was $164.66M, surged 113.0% from 2024.
Enphase Energy Operating Income 2024: $77.29M
2024's operating income for Enphase Energy came in at $77.29M, plunged 82.7% below 2023.
Enphase Energy Operating Income 2023: $445.74M
Enphase Energy posted operating income of $445.74M in 2023, edged down 0.6% below 2022.
Enphase Energy Operating Income 2022: $448.26M
In 2022, Enphase Energy reported operating income of $448.26M, surged 107.7% from 2021. This figure represents the highest annual value in the available history.
Enphase Energy Operating Income 2021: $215.83M
Enphase Energy operating income in 2021 was $215.83M.
See more financial history for Enphase Energy (ENPH).
Sector peers by Operating Income
Energy peers of Enphase Energy (ENPH), ranked by their latest operating income
| $33.94B | |
| $16.67B | |
| $11.49B | |
| $7.86B | |
| $5.77B | |
| $5.46B | |
| $4.40B | |
| $4.31B |
- $33.94B
- $16.67B
- $11.49B
- $7.86B
- $5.77B
- $5.46B
- $4.40B
- $4.31B
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