Enphase Energy, Inc. (ENPH) Return on Invested Capital (ROIC): 4.79%
Is Enphase Energy, Inc.’s return on invested capital (ROIC) high or low?
Enphase Energy, Inc.'s return on invested capital (ROIC) of 4.79% is 57% below its 5-year average of 11.21%, near the low end of its 5-year range (2.45%–18.71%).
As of Monday, June 15, 2026. 32.32% above its 12-month average of 3.62%.
ENPH Return on Invested Capital (ROIC) Chart
ENPH Average Return on Invested Capital (ROIC) Chart
ENPH Current vs Average Return on Invested Capital (ROIC) Chart
ENPH Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
4.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-3.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-13.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+32.32%
CURRENT VS 3Y AVG
-46.91%
CURRENT VS 5Y AVG
-57.28%
CURRENT VS 10Y AVG
+238.73%
CURRENT VS 15Y AVG
+136.52%
CURRENT VS 20Y AVG
N/A
ENPH Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Enphase Energy, Inc. (ENPH) | $7.19B | 4.79% | 3.62% | 9.02% | 11.21% |
| Weatherford International plc (WFRD)vs › | $7.29B | 16.68% | 18.24% | 15.59% | 4.98% |
| California Resources Corporation (CRC)vs › | $5.20B | 9.67% | 8.68% | 16.84% | 16.28% |
| Antero Midstream Corporation (AM)vs › | $10.29B | 8.18% | 8.25% | 7.88% | 6.27% |
| Helmerich & Payne, Inc. (HP)vs › | $3.92B | 3.92% | 4.98% | 5.10% | 0.49% |
| Emeren Group, Ltd. (SOL)vs › | $995.64M | -0.12% | -1.07% | -0.12% | 0.21% |
| enCore Energy Corp. (EU)vs › | $264.16M | -21.47% | -19.41% | -15.75% | -12.72% |
| Venture Global, Inc. (VG)vs › | $31.94B | 8.20% | 5.85% | 12.44% | 9.95% |
| EQT Corporation (EQT)vs › | $32.49B | 6.18% | 3.92% | 6.66% | 2.88% |
| Occidental Petroleum Corporation (OXY)vs › | $56.24B | 3.15% | 4.32% | 8.73% | 6.32% |
Capital Efficiency
ROIC
4.8%
ROE
12.3%
Enphase Energy, Inc. Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Enphase Energy, Inc. Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Enphase Energy, Inc. (ENPH)?
- The return on invested capital (ROIC) for ENPH stock is 4.79%.
- Is Enphase Energy, Inc.'s return on invested capital (ROIC) high or low?
- Enphase Energy, Inc.'s return on invested capital (ROIC) of 4.79% is 57% below its 5-year average of 11.21%, near the low end of its 5-year range (2.45%–18.71%).
- What is the TTM average return on invested capital (ROIC) for Enphase Energy, Inc. (ENPH)?
- The TTM average return on invested capital (ROIC) for ENPH stock is 3.62%.
- What is the 3Y average return on invested capital (ROIC) for Enphase Energy, Inc. (ENPH)?
- The 3Y average return on invested capital (ROIC) for ENPH stock is 9.02%.
- What is the 5Y average return on invested capital (ROIC) for Enphase Energy, Inc. (ENPH)?
- The 5Y average return on invested capital (ROIC) for ENPH stock is 11.21%.
- What is the 10Y average return on invested capital (ROIC) for Enphase Energy, Inc. (ENPH)?
- The 10Y average return on invested capital (ROIC) for ENPH stock is -3.45%.
- What is the 15Y average return on invested capital (ROIC) for Enphase Energy, Inc. (ENPH)?
- The 15Y average return on invested capital (ROIC) for ENPH stock is -13.12%.
Enphase Energy, Inc. Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 4.79% |
| 2024-12-31 | 2.45% |
| 2023-12-31 | 13.35% |
| 2022-12-31 | 15.50% |
| 2021-12-31 | 12.48% |
| 2020-12-31 | 18.71% |
| 2019-12-31 | 19.76% |
| 2018-12-31 | 0.72% |
| 2017-12-31 | -41.39% |
| 2016-12-31 | -66.75% |
| 2015-12-31 | -17.60% |
| 2014-12-31 | -4.74% |
| 2013-12-31 | -30.76% |
| 2012-12-31 | -43.55% |
| 2011-12-31 | -50.44% |
| 2010-12-31 | -42.39% |
| 2009-12-31 | -108.08% |
| 2008-12-31 | 0.00% |
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