SuperworthEnphase Energy profit margin ENPH
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 10.1%
- Operating margin, 12 months
- 8.3%
- Net margin on a year earlier
- −1.7 pts
- Peer median
- 9.5%
Over the twelve months to Jun 30, 2026, Enphase Energy kept 10.1% of its revenue as net profit, with an operating margin of 8.3% and a gross margin of 46.9%.
Five years earlier its net margin was 17.3%.
The median for 10 semiconductor stocks of a similar size is 9.5%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 11.7% | 10.7% | 46.6% |
| FY2024 | 7.7% | 5.8% | 47.3% |
| FY2023 | 19.2% | 19.5% | 46.2% |
| FY2022 | 17.0% | 19.2% | 41.8% |
| FY2021 | 10.5% | 15.6% | 40.1% |
| FY2020 | 17.3% | 24.1% | 44.7% |
| FY2019 | 25.8% | 16.5% | 35.4% |
| FY2018 | −3.7% | 0.5% | 29.9% |
| FY2017 | −15.8% | −13.8% | 19.6% |
| FY2016 | −20.9% | −19.4% | 18.0% |
| FY2015 | −6.2% | −5.4% | 30.3% |
| FY2014 | −2.3% | −1.3% | 32.9% |
| FY2013 | −11.1% | −9.5% | 29.0% |
| FY2012 | −17.6% | −14.4% | 25.5% |
| FY2011 | −21.6% | −19.2% | 19.4% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 10.1% | −1.7 pts | 8.3% | |
| Q1 FY26 | 9.6% | −0.8 pts | 6.9% | |
| Q4 FY25 | 11.7% | +4.0 pts | 10.7% | |
| Q3 FY25 | 12.9% | +8.0 pts | 12.6% | |
| Q2 FY25 | 11.8% | +2.7 pts | 11.7% | |
| Q1 FY25 | 10.4% | −4.7 pts | 9.7% | |
| Q4 FY24 | 7.7% | −11.4 pts | 5.8% | |
| Q3 FY24 | 4.9% | −16.2 pts | 1.0% | |
| Q2 FY24 | 9.1% | −11.4 pts | 5.7% | |
| Q1 FY24 | 15.1% | −3.7 pts | 13.6% | |
| Q4 FY23 | 19.2% | +2.1 pts | 19.5% | |
| Q3 FY23 | 21.1% | +6.4 pts | 22.6% |
Against its peers
Companies in Semiconductors nearest Enphase Energy's size, closest first, today.
| Company | Profit margin |
|---|---|
| ENPHEnphase Energy | 10.1% |
| KLICKulicke & Soffa Industries | 12.2% |
| DIODDiodes | 5.3% |
| ACMRACM Research | 14.5% |
| ACLSAxcelis Technologies | 10.7% |
| PENGPenguin Solutions | 10.4% |
| OSISOSI Systems | 8.7% |
| CRUSCirrus Logic | 21.0% |
| IPGPIPG Photonics | 2.6% |
| POWIPower Integrations | 5.6% |
| VECOVeeco Instruments | 3.4% |
| Peer median | 9.5% |
Where Enphase Energy ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Enphase Energy
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.