To the full analysis
Enphase Energy stock: growth
ENPHEnphase Energy reported $1.47B in revenue for fiscal 2025, up 10.7% on the prior year, up 13.7% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
49%
per year from 2008 to 2025, per share 12.7%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2008 | |
|---|---|---|---|
| Revenue | 13.7% | 15.2% | 49.0% |
| Revenue per share | 12.7% | 3.4% | 12.7% |
| Earnings | 5.1% | no data | no data |
| Earnings per share | 4.1% | no data | no data |
| Free cash flow | −13.3% | no data | no data |
| Free cash flow per share | −14.1% | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2008 | $1.67M | −$14.5M | −$14.55M |
| 2009 | $20.19M | −$16.93M | −$21.06M |
| 2010 | $61.66M | −$21.78M | −$21.11M |
| 2011 | $149.52M | −$32.29M | −$15.03M |
| 2012 | $216.68M | −$38.22M | −$57.64M |
| 2013 | $232.85M | −$25.91M | −$7.13M |
| 2014 | $343.9M | −$8.05M | $10.22M |
| 2015 | $357.25M | −$22.08M | −$33.92M |
| 2016 | $322.59M | −$67.46M | −$45.8M |
| 2017 | $286.17M | −$45.19M | −$32.56M |
| 2018 | $316.16M | −$11.63M | $11.98M |
| 2019 | $624.33M | $161.15M | $124.28M |
| 2020 | $774.43M | $134M | $195.78M |
| 2021 | $1.38B | $145.45M | $299.52M |
| 2022 | $2.33B | $397.36M | $698.37M |
| 2023 | $2.29B | $438.94M | $586.38M |
| 2024 | $1.33B | $102.66M | $480.09M |
| 2025 | $1.47B | $172.13M | $95.9M |
Revenue by region
Where Enphase Energy, Inc. generates its revenue.
- United States81%
- International19%
Figures as a table
| 2024 | 2025 | Share 2025 | |
|---|---|---|---|
| United States | $934.69M | $1.19B | 80.7% |
| International | $395.69M | $284.27M | 19.3% |
| Total revenue | $1.33B | $1.47B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 28 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.