Enphase Energy, Inc. (ENPH) EBITDA Margin: 19.69%
Is Enphase Energy, Inc.’s EBITDA margin high or low?
Enphase Energy, Inc.'s EBITDA margin of 19.69% is in line with its 5-year average of 19.77%, around the middle of its 5-year range (14.25%–26.05%).
As of Monday, June 15, 2026. 10.90% above its 12-month average of 17.76%.
ENPH EBITDA Margin Chart
ENPH Average EBITDA Margin Chart
ENPH Current vs Average EBITDA Margin Chart
ENPH EBITDA Margin Metrics
EBITDA MARGIN
19.69%
EBITDA MARGIN AVG TTM
17.76%
EBITDA MARGIN AVG 3Y
20.97%
EBITDA MARGIN AVG 5Y
19.77%
EBITDA MARGIN AVG 10Y
10.11%
EBITDA MARGIN AVG 15Y
2.78%
EBITDA MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+10.90%
CURRENT VS 3Y AVG
-6.10%
CURRENT VS 5Y AVG
-0.39%
CURRENT VS 10Y AVG
+94.74%
CURRENT VS 15Y AVG
+608.27%
CURRENT VS 20Y AVG
N/A
ENPH Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Enphase Energy, Inc. (ENPH) | $7.19B | 19.69% | 17.76% | 20.97% | 19.77% |
| Weatherford International plc (WFRD)vs › | $7.29B | 19.72% | 21.10% | 19.52% | 9.85% |
| California Resources Corporation (CRC)vs › | $5.20B | 34.21% | 35.34% | 35.32% | 52.47% |
| Antero Midstream Corporation (AM)vs › | $10.29B | 74.44% | 78.28% | 81.00% | 70.37% |
| Helmerich & Payne, Inc. (HP)vs › | $3.92B | 17.59% | 25.26% | 26.78% | 16.82% |
| Emeren Group, Ltd. (SOL)vs › | $995.64M | -0.75% | 3.00% | 10.57% | 11.54% |
| enCore Energy Corp. (EU)vs › | $264.16M | -115.51% | -115.69% | -209.90% | -209.90% |
| Venture Global, Inc. (VG)vs › | $31.94B | 41.82% | 51.98% | 59.57% | 59.57% |
| EQT Corporation (EQT)vs › | $32.49B | 64.71% | 59.94% | 58.72% | 43.01% |
| Occidental Petroleum Corporation (OXY)vs › | $56.24B | 54.05% | 50.50% | 53.36% | 38.52% |
Margin Comparison
Gross Margin
44.2%
EBITDA Margin
19.7%
Operating Margin
6.8%
Net Margin
9.6%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
Enphase Energy, Inc. EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Enphase Energy, Inc. EBITDA Margin FAQ
- What is the EBITDA margin for Enphase Energy, Inc. (ENPH)?
- The EBITDA margin for ENPH stock is 19.69%.
- Is Enphase Energy, Inc.'s EBITDA margin high or low?
- Enphase Energy, Inc.'s EBITDA margin of 19.69% is in line with its 5-year average of 19.77%, around the middle of its 5-year range (14.25%–26.05%).
- What is the TTM average EBITDA margin for Enphase Energy, Inc. (ENPH)?
- The TTM average EBITDA margin for ENPH stock is 17.76%.
- What is the 3Y average EBITDA margin for Enphase Energy, Inc. (ENPH)?
- The 3Y average EBITDA margin for ENPH stock is 20.97%.
- What is the 5Y average EBITDA margin for Enphase Energy, Inc. (ENPH)?
- The 5Y average EBITDA margin for ENPH stock is 19.77%.
- What is the 10Y average EBITDA margin for Enphase Energy, Inc. (ENPH)?
- The 10Y average EBITDA margin for ENPH stock is 10.11%.
- What is the 15Y average EBITDA margin for Enphase Energy, Inc. (ENPH)?
- The 15Y average EBITDA margin for ENPH stock is 2.78%.
Enphase Energy, Inc. EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2025-12-31 | 19.69% |
| 2024-12-31 | 15.82% |
| 2023-12-31 | 26.05% |
| 2022-12-31 | 22.32% |
| 2021-12-31 | 14.25% |
| 2020-12-31 | 20.47% |
| 2019-12-31 | 18.25% |
| 2018-12-31 | 3.20% |
| 2017-12-31 | -9.83% |
| 2016-12-31 | -16.30% |
| 2015-12-31 | -2.70% |
| 2014-12-31 | 0.82% |
| 2013-12-31 | -6.88% |
| 2012-12-31 | -11.80% |
| 2011-12-31 | -17.56% |
| 2010-12-31 | -31.32% |
| 2009-12-31 | -78.69% |
| 2008-12-31 | -848.92% |
Related Metrics
About Enphase Energy, Inc.
Enphase Energy, Inc., along with its subsidiaries, is dedicated to developing, manufacturing, and distributing home energy solutions for the global solar photovoltaic industry. Their core offering is a semiconductor-based microinverter, designed to convert energy at the individual solar module level. This technology seamlessly integrates with their proprietary networking and software, providing advanced energy monitoring and control capabilities. The company's product portfolio also includes AC battery storage systems, the Envoy communications gateway, the cloud-based Enlighten monitoring service, and various related accessories. Enphase sells its offerings through multiple channels, reaching solar distributors, large installers directly, original equipment manufacturers (OEMs), strategic partners, and individual homeowners, as well as through its legacy product upgrade program and online store. Established in 2006, Enphase Energy, Inc. is headquartered in Fremont, California.
- Sector
- Energy
- Industry
- Solar
- CEO
- Badrinarayanan Kothandaraman