Enphase Energy, Inc. (ENPH) Return on equity 2016–2025
Enphase Energy, Inc. (ENPH) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
15.8%FY2025 · since FY2016: -5189.4% → 15.8%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 15.8% | +3.5 pp |
| FY2024 | 12.3% | -32.3 pp |
| FY2023 | 44.6% | -3.5 pp |
| FY2022 | 48.1% | +14.3 pp |
| FY2021 | 33.8% | +6.1 pp |
| FY2020 | 27.7% | -31.5 pp |
| FY2019 | 59.2% | +208.7 pp |
| FY2018 | -149.5% | — |
| FY2016 | -5189.4% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice