Enphase Energy, Inc. (ENPH) Gross margin 2016–2025
Enphase Energy, Inc. (ENPH) gross margin by fiscal year — reported gross profit divided by reported revenue.
46.6%FY2025 · since FY2016: 18.0% → 46.6%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 46.6% | -0.6 pp |
| FY2024 | 47.3% | +1.1 pp |
| FY2023 | 46.2% | +4.4 pp |
| FY2022 | 41.8% | +1.7 pp |
| FY2021 | 40.1% | -4.6 pp |
| FY2020 | 44.7% | +9.2 pp |
| FY2019 | 35.4% | +5.6 pp |
| FY2018 | 29.9% | +10.3 pp |
| FY2017 | 19.6% | +1.6 pp |
| FY2016 | 18.0% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice