Enphase Energy, Inc. (ENPH) Operating margin 2016–2025
Enphase Energy, Inc. (ENPH) operating margin by fiscal year — reported operating income divided by reported revenue.
10.7%FY2025 · since FY2016: -19.4% → 10.7%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 10.7% | +4.9 pp |
| FY2024 | 5.8% | -13.6 pp |
| FY2023 | 19.5% | +0.2 pp |
| FY2022 | 19.2% | +3.6 pp |
| FY2021 | 15.6% | -8.5 pp |
| FY2020 | 24.1% | +7.6 pp |
| FY2019 | 16.5% | +15.9 pp |
| FY2018 | 0.5% | +14.3 pp |
| FY2017 | -13.8% | +5.7 pp |
| FY2016 | -19.4% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice
More ENPH financial trends
ENPH RevenueENPH Net incomeENPH Net marginENPH Gross profitENPH Gross marginENPH Operating incomeENPH Operating cash flowENPH Free cash flowENPH Capital expendituresENPH Return on equityENPH Stock buybacksENPH Dividends paidENPH Total assetsENPH Total liabilitiesENPH Shareholders’ equityENPH overview →