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
More ENPH financial trends
ENPH RevenueENPH Net incomeENPH Net marginENPH Gross profitENPH Operating incomeENPH Operating marginENPH Operating cash flowENPH Free cash flowENPH Capital expendituresENPH Return on equityENPH Stock buybacksENPH Dividends paidENPH Total assetsENPH Total liabilitiesENPH Shareholders’ equityENPH overview →