Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. With a market capitalization of $5.48B, it sits in mid-cap territory. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.
Market Cap
$5.48B
Beta
1.61
P/E (TTM)
40.75
P/E (Fwd)
17.24
EPS (TTM)
$1.02
EPS (Fwd)
$2.41
ROE
14.1%
ROA
2.2%
Cash
$930.6M
Total Debt
$612.1M
Free CF
$91.6M
52W Change
5.0%
Annual Financials
Cash vs Debt
With $930.6M in cash and $612.1M in debt, ENPH maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Annual free cash flow of $91.6M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 14.1%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.2% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $2.33B (2022) to $1.47B (2025), a 37% decline worth watching.
Enphase Energy, Inc.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Enphase Energy, Inc.'s trajectory.