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