Operating Income for Enphase Energy (ENPH)
According to Enphase Energy's latest reported financial statements, the company's current operating income (TTM) is $95.32M USD. 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 .
ENPH
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TTM (last 4 quarters)
$95.32M
YoY change
+113.0%
5Y CAGR
-2.5%
Peak year (2022)
$448.26M
Cumulative operating income
$1.38B
Operating Income history chart for Enphase Energy (ENPH) from 2008 to 2025
Operating Income history table for Enphase Energy (ENPH) from 2008 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 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 (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
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 (ENPH) sits 9th of 8 Energy peers we track on this metric, against a peer median of $9.44B.
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
Enphase Energy operating income in 2024 was $77.29M, plunged 82.7% below 2023.
Enphase Energy Operating Income 2023: $445.74M
Enphase Energy operating income in 2023 was $445.74M, edged down 0.6% below 2022.
Enphase Energy Operating Income 2022: $448.26M
Enphase Energy operating income in 2022 was $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 — Operating Income
Companies in the same sector as Enphase Energy, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $33.94B | Energy |
| Chevron Corporation (CVX) | $16.67B | Energy |
| ConocoPhillips (COP) | $11.49B | Energy |
| Enbridge Inc. (ENB) | $10.96B | Energy |
| EOG Resources, Inc. (EOG) | $7.93B | Energy |
| SLB N.V. (SLB) | $5.46B | Energy |
| The Williams Companies, Inc. (WMB) | $4.40B | Energy |
| Valero Energy Corporation (VLO) | $4.31B | Energy |
Frequently asked questions
What is Enphase Energy's operating income?
- Latest reported operating income for Enphase Energy (ENPH) is $95.32M (period ending March 31, 2026).
How has Enphase Energy operating income changed year-over-year?
- Enphase Energy (ENPH) operating income changed +113.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Enphase Energy operating income?
- Enphase Energy (ENPH) operating income compound annual growth rate is -2.5% over the most recent 5 years available.
When did Enphase Energy operating income hit its highest annual value?
- Enphase Energy operating income reached its highest annual value of $448.26M in 2022.
What was Enphase Energy operating income in 2024?
- Enphase Energy (ENPH) operating income in 2024 was $77.29M.
What was Enphase Energy operating income in 2025?
- Enphase Energy (ENPH) operating income in 2025 was $164.66M.
Metrics overview
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