Enphase Energy, Inc. Financial Ratios — ENPH.USD Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	-53.51	-18.48	-49.96	-315.62	- -	- -	115.11	35.44	31.82	63.29	48.52	11.3	17.93
Return on Assets (%)	-38.96	-33.45	-21.69	-5.99	-13.9	-41	-27.16	-4.57	30.6	14.01	8.87	15.39	13.57	3.1	5.09
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.58	20.28	4.99	7.92
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.69	17.14	2.98	5.91
Gross Margin (%)	19.44	25.52	28.95	32.87	30.29	17.98	19.58	29.87	35.44	44.68	40.12	41.81	46.2	47.29	46.64
EBITDA Margin (%)	-17.17	-11.81	-6.52	1.11	-2.45	-16.14	-10.61	3.56	18.72	26.41	17.85	21.75	22.72	11.93	16.17
Operating Margin (%)	-19.2	-14.38	-9.52	-1.29	-5.4	-18.27	-7.85	1.81	16.87	24.07	15.62	19.33	20.14	6.8	11.18
Incremental Operating Margin (%)	- -	- -	55.68	15.96	- -	114.3	- -	93.98	32.32	54.04	4.84	24.75	- -	38.63	52.04
Pretax Margin (%)	-21.6	-17.34	-10.76	-2.12	-5.8	-20.46	-15.84	-3.24	14.43	15.42	8.75	19.39	22.4	9.03	13.9
Profit Margin (%)	-21.6	-17.64	-11.13	-2.34	-6.18	-20.91	-15.79	-3.68	25.81	17.3	10.52	17.05	19.16	7.72	11.69
Net Income to Common Margin (%)	-21.6	-17.64	-11.13	-2.34	-6.18	-20.91	-15.79	-3.68	25.81	17.3	10.52	17.05	19.16	7.72	11.69
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.1	14.46	14.56	15.96
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	-53.51	-18.48	-49.96	-315.62	- -	- -	115.11	35.44	31.82	63.29	48.52	11.3	17.93

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	34	11	9	- -	17	34	50	110	109	335	1,041	1,296	1,299	1,308	1,213
ST Debt	5	2	4	- -	17	13	17	28	6	331	90	96	5	107	640
LT Debt	29	9	5	- -	- -	21	32	82	103	5	952	1,199	1,294	1,201	572
Total Debt/EBITDA	-1.32	-0.43	-0.57	- -	-1.94	-0.65	-1.64	9.75	0.93	1.64	4.22	2.56	2.5	8.24	5.09
Net Debt/EBITDA	0.69	1.34	1.94	-10.97	1.31	-0.31	-0.68	0.31	-1.25	-1.7	3.72	1.61	1.93	5.88	3.07
Total Debt/EBIT	-1.18	-0.35	-0.39	- -	-0.88	-0.54	-1.26	68.79	1.06	1.8	4.83	2.89	2.91	16.93	7.7
Net Debt/EBIT	0.61	1.1	1.33	9.49	0.59	-0.26	-0.52	2.22	-1.42	-1.87	4.25	1.82	2.25	12.07	4.63
EBITDA to Interest Expense	-8.54	-3.98	-7.39	2.06	-17.5	-18.77	-3.7	1.05	12.06	9.74	5.46	53.72	58.88	17.82	52.68
EBITDA-CapEx/Interest Expense	-13.42	-5.99	-10.43	-5.46	-42.98	-23.41	-4.2	0.67	10.53	8.76	4.3	48.8	46.39	14.05	43.69
EBIT to Interest Expense	-9.55	-4.84	-10.78	-2.38	-38.54	-21.25	-2.74	0.54	10.87	8.88	4.78	47.75	52.2	10.16	36.42
Interest Expense	3	6	2	2	1	3	8	11	10	21	45	9	9	9	5
Common Equity/Total Assets	-74.94	46.33	34.46	30.85	25.04	0.79	-5.4	2.29	38.17	40.33	20.69	26.77	29.08	25.63	30.97
Long-Term Debt/Equity (%)	210.03	15.32	12.86	- -	- -	1,597.54	- -	1,049.74	37.71	1.01	221.21	145.29	131.53	144.19	52.64
Long-Term Debt/Capital (%)	61.33	12.81	10.58	- -	- -	59	79.56	69.44	26.95	0.6	64.66	56.54	56.68	56.09	24.88
Long-Term Debt/Total Assets (%)	27.63	7.1	4.43	- -	- -	12.7	19.11	24.01	14.39	0.41	45.77	38.89	38.24	36.96	16.3
Total Debt/Equity (%)	242.44	19.52	21.58	- -	41.01	2,607.69	-545.16	1,411.82	39.94	69.3	242.11	156.95	132.06	157.04	111.55
Total Debt/Capital (%)	70.8	16.33	17.75	- -	29.09	96.31	122.46	93.39	28.54	40.93	70.77	61.08	56.91	61.1	52.73
Total Debt/Total Assets (%)	31.89	9.04	7.44	- -	10.27	20.72	29.41	32.3	15.24	27.95	50.09	42.01	38.4	40.26	34.55
Net Debt to Equity	-126.27	-60.42	-73.4	-89.52	-27.63	1,241.23	-225.81	45.6	-53.59	-72.01	213.48	98.98	102.17	112.04	67.16
Net Debt/Capital (%)	480.66	-152.68	-276	-854.31	-38.18	92.54	179.49	31.32	-112.62	-248.9	67.91	49.58	50.4	52.66	40
EBITDA	-26	-26	-15	4	-9	-52	-30	11	117	205	247	507	520	159	238
EBITDA-CapEx	-40	-39	-21	-10	-22	-65	-34	7	102	184	194	461	410	125	198
Operating Income (Loss)	-29	-31	-22	-4	-19	-59	-22	6	105	186	216	451	461	90	165

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.98	1.34	1.14	0.72	0.39	0.21	0.32	0.72	1.26	1.27	2.31	2.53	3.18	2.46	1.2
Current Ratio	1.56	2.81	2.71	1.96	1.67	1.42	1.42	1.51	2.51	1.75	3.33	3.55	4.59	3.53	2.07
Quick Ratio	1.32	2.16	2.11	1.48	1.02	0.95	1.03	1.26	1.99	1.61	3.07	3.22	4.02	2.8	1.38
CFO/Avg Current Liab	-0.01	-1.04	-0.03	0.53	-0.32	-0.42	-0.33	0.14	0.8	0.59	0.72	1.38	1.19	0.86	0.14
Common Equity/Total Assets	-74.94	46.33	34.46	30.85	25.04	0.79	-5.4	2.29	38.17	40.33	20.69	26.77	29.08	25.63	30.97
Long-Term Debt/Equity (%)	210.03	15.32	12.86	- -	- -	1,597.54	- -	1,049.74	37.71	1.01	221.21	145.29	131.53	144.19	52.64
Long-Term Debt/Capital (%)	61.33	12.81	10.58	- -	- -	59	79.56	69.44	26.95	0.6	64.66	56.54	56.68	56.09	24.88
Long-Term Debt/Total Assets (%)	27.63	7.1	4.43	- -	- -	12.7	19.11	24.01	14.39	0.41	45.77	38.89	38.24	36.96	16.3
Total Debt/Equity (%)	242.44	19.52	21.58	- -	41.01	2,607.69	-545.16	1,411.82	39.94	69.3	242.11	156.95	132.06	157.04	111.55
Total Debt/Capital (%)	70.8	16.33	17.75	- -	29.09	96.31	122.46	93.39	28.54	40.93	70.77	61.08	56.91	61.1	52.73
Total Debt/Total Assets (%)	31.89	9.04	7.44	- -	10.27	20.72	29.41	32.3	15.24	27.95	50.09	42.01	38.4	40.26	34.55
CFO/Total Liabilities	-0.4	-68.02	-1.14	23.02	-17.05	-20.31	-15.95	4.86	31.53	30.21	21.35	32.98	29.04	21.26	5.64
CFO/CapEx	-0.03	-3.44	-0.14	1.73	-1.66	-2.57	-6.9	3.89	9.4	10.52	6.7	16.04	6.31	15.29	3.36
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	11.59	9.52	7.78	8.91	7.83	6.02	4.53	4.38	5.57	4.73	5.36	6.02	5.17	3.97	6.49
Days Sales Outstanding	31.48	38.33	46.89	40.97	46.6	60.6	80.59	83.29	65.58	77.2	68.11	60.64	70.65	91.87	56.2
Inventory Turnover	15.3	10.39	9.08	12.1	7.98	7.27	7.94	10.49	16.68	11.61	14.25	12.1	6.78	3.7	3.47
Days Inventory Outstanding	23.86	35.14	40.18	30.17	45.72	50.19	45.96	34.79	21.88	31.44	25.62	30.16	53.8	98.53	105.2
Accounts Payable Turnover	13.08	14.05	17.4	15.89	11.2	8.93	7.42	5.47	7.88	6.74	9.23	11.99	10.75	6.33	6.2
Accounts Payable Turnover Days	27.91	25.98	20.97	22.96	32.58	40.86	49.21	66.76	46.3	54.18	39.54	30.45	33.96	57.66	58.84
Cash Conversion Cycle	27.43	47.49	66.1	48.18	59.74	69.92	77.34	51.32	41.16	54.46	54.19	60.35	90.49	132.74	102.56
Inventory to Cash Days	7.62	3.2	6.71	10.8	0.88	10.41	34.62	48.5	43.7	45.75	42.5	30.49	16.85	-6.66	-48.99
Inventories	11	20	17	22	41	32	26	16	32	42	74	150	214	165	288
Raw Materials	2	2	1	3	2	5	2	1	4	10	25	35	31	39	103
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8
Finished Goods	9	18	15	18	39	27	24	15	28	32	49	115	183	126	177
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	52	45	38	42	28	18	29	106	251	679	119	473	289	369	474
+ Preferred Equity and Hybrid Capital	94	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	34	11	9	- -	17	34	50	110	109	335	1,041	1,296	1,299	1,308	1,213
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	48	68	49	47	58	35	41	118	381	819	1,472	2,121	2,283	2,141	2,300
Total Debt/Capital (%)	70.8	16.33	17.75	- -	29.09	96.31	122.46	93.39	28.54	40.93	70.77	61.08	56.91	61.1	52.73
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	150	217	233	344	357	323	286	316	624	774	1,382	2,331	2,291	1,330	1,473
TTM EBITDA	-26	-26	-15	4	-9	-52	-30	11	117	205	247	507	520	159	238
TTM Operating Income	-29	-31	-22	-4	-19	-59	-22	6	105	186	216	451	461	90	165
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	753	704	521	140
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	707	594	488	100

Multiples (USD)

Valuation Multiples API ChatGPT

No data availableFinancial data will appear here once available

Shares Outstanding	39	41	42	44	46	62	86	107	123	129	134	136	136	132	131
Diluted Weighted Avg Shares	39	31	42	43	45	51	83	100	132	142	143	144	143	140	135
Basic Weighted Avg Shares	39	31	42	43	45	51	83	100	117	126	134	135	136	135	131
Revenue per Share	3.81	7.05	5.59	8.02	8	6.39	3.45	3.17	5.35	6.17	10.31	17.22	16.8	9.84	11.23
EBITDA per Share	-0.65	-0.83	-0.36	0.09	-0.2	-1.03	-0.37	0.11	1	1.63	1.84	3.75	3.82	1.17	1.82
Operating Income per Share	-0.73	-1.01	-0.53	-0.1	-0.43	-1.17	-0.27	0.06	0.9	1.48	1.61	3.33	3.38	0.67	1.26
Basic EPS, GAAP	-0.82	-1.24	-0.62	-0.19	-0.49	-1.34	-0.54	-0.12	1.38	1.07	1.09	2.94	3.22	0.76	1.31
Basic EPS from Cont Ops	-0.82	-1.24	-0.62	-0.19	-0.49	-1.34	-0.54	-0.12	1.38	1.07	1.09	2.94	3.22	0.76	1.31
Diluted EPS, GAAP	-0.82	-1.24	-0.62	-0.19	-0.49	-1.34	-0.54	-0.12	1.22	0.94	1.02	2.75	3.06	0.73	1.28
Diluted EPS from Cont Ops	-0.82	-1.24	-0.62	-0.19	-0.49	-1.34	-0.54	-0.12	1.22	0.94	1.02	2.75	3.06	0.73	1.28
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.01	-1.45	-0.02	0.56	-0.47	-0.65	-0.34	0.16	1.19	1.72	2.63	5.5	5.11	3.8	1.04
Free Cash Flow per Basic Share	-0.38	-1.87	-0.17	0.24	-0.76	-0.91	-0.39	0.12	1.06	1.56	2.23	5.16	4.3	3.55	0.73
Cash & Equivalents per Share	1.31	1.11	0.91	0.96	0.62	0.29	0.34	0.99	2.04	5.27	7.59	11.82	12.49	12.25	11.54
Book Value per Share	-2.03	1.39	0.95	1.07	0.9	0.02	-0.11	0.07	2.21	3.75	3.21	6.05	7.25	6.29	8.29
Tangible Book Value per Share	-2.03	1.39	0.95	0.95	0.77	-0.05	-0.15	-0.49	1.76	3.34	1.13	3.76	5.16	4.37	6.48

Enphase Energy, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)