Enphase Energy, Inc.
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Enphase Energy, Inc.'s yearly results (2022–2025), compared with Technology companies in United States. Tap ? on any ratio for what it means.
Where $100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
$189Over the last 3 years, every $100 of reported profit came with $189 of operating cash.
Higher than 63% of Technology companies in United States.
Self-Funding Ratio
7.3×Over the last 3 years its own operating cash covered its investment spending (capex) 7.3 times.
Higher than 72% of Technology companies in United States.
Cash Locked Ratio
$19For every $100 of sales, $19 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against $18 tied up three years earlier.
Less money tied up than 64% of Technology companies in United States.
Growth quality
Steadiness Ratio
1/3 · 2/3Sales grew in 1 of the last 3 years; profit grew in 2 of 3.
Less steady than 66% of Technology companies in United States.
Growth Efficiency Ratio
—Sales fell 37%
Sales fell 37% in 3 years, so extra profit per extra sales cannot be measured.
Asset Productivity Ratio
-37% / +14%In 3 years sales changed by -37% while total assets changed by +14%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
0.2×Debt due within a year is covered 0.2 times by its yearly operating cash.
Lower than 67% of Technology companies in United States.
Cash Cushion Ratio
+7%Cash, after subtracting all debt, equals 7% of its market value (net cash).
Higher than 70% of Technology companies in United States.
Tangible Assets Ratio
93%Of every $100 the company owns, $93 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than 76% of Technology companies in United States.
Tangible Net Worth Ratio
78%Of every $100 of net worth, $78 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
More tangible than 71% of Technology companies in United States.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Enphase Energy, Inc. owes $0.60 for every $1 it owns. Net profit rose 68% in the year to Dec 2025, and shrank 24% a year on average over 3 years.
Compared with Technology companies in United States · latest annual results Dec 2025.
P/E ratio
31.4Investors pay $31.4 for every $1 of Enphase Energy, Inc.'s yearly profit, lower than 52% of Technology companies in United States.
P/B ratio
3.51The share price is 3.51 times Enphase Energy, Inc.'s book value per share, higher than 54% of Technology companies in United States.
Market cap
$4.1 BThe total market value of all of Enphase Energy, Inc.'s shares at today's price (share price × number of shares), larger than 65% of Technology companies in United States. PosiCap size class: Meso Cap.
Net worth (book value)
$1.2 BWhat Enphase Energy, Inc. would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
$8.94Net worth divided by the number of shares. The share price of $31.35 is 3.5 times this, which is the P/B above.
Return on equity (ROE)
13.0%Enphase Energy, Inc. earned 13.0% on its shareholders' money over the last year, higher than 69% of Technology companies in United States.
Owes vs Owns
0.60×Enphase Energy, Inc. owes $0.60 for every $1 it owns (moderate), higher than 65% of Technology companies in United States.
Dividend yield
NoneEnphase Energy, Inc. does not currently pay a dividend.
Revenue growth
+11%Revenue rose 11% in the year to Dec 2025, and shrank 14% a year on average over 3 years.
Profit growth
+68%Net profit rose 68% in the year to Dec 2025, and shrank 24% a year on average over 3 years.
Profit margin
11.7%Enphase Energy, Inc. keeps $12 of every $100 of revenue as net profit.
Cash quality
0.8×Cash from Enphase Energy, Inc.'s business was 0.8× its reported profit in the year to Dec 2025 — less cash came in than the profit reported.
Interest cover
36.4×Enphase Energy, Inc.'s operating profit covered its interest costs 36.4 times in the year to Dec 2025.
Cash vs debt
Net cashEnphase Energy, Inc. held $300 M more cash than debt (net cash) at Dec 2025.
Questions
What is Enphase Energy, Inc.'s P/E ratio?
Investors pay $31.4 for every $1 of Enphase Energy, Inc.'s yearly profit, lower than 52% of Technology companies in United States.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Enphase Energy, Inc.: $4.1 B ÷ $1.2 B (30 Jun 2026) = 3.5.
What is Enphase Energy, Inc.'s return on equity?
Enphase Energy, Inc. earned 13.0% on its shareholders' money over the last year, higher than 69% of Technology companies in United States.
How much does Enphase Energy, Inc. owe compared with what it owns?
Enphase Energy, Inc. owes $0.60 for every $1 it owns (moderate), higher than 65% of Technology companies in United States.
Does Enphase Energy, Inc. pay a dividend?
No. Enphase Energy, Inc. does not currently pay a dividend.
Is Enphase Energy, Inc.'s revenue growing?
Revenue rose 11% in the year to Dec 2025, and shrank 14% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.