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Enphase Energy ENPH Q4 2024 Annual earnings

Reported February 4, 2025 · After market close

Revenue$382.7MBeat by $5.2M
EPS$0.94Beat by $0.22
Revenue estimate$377.5M
EPS estimate$0.72

Next report

Oct 27, 2026 (in 2 months)
Revenue estimate$305.1M
EPS estimate$0.48

Financials

Q4 2024

Income statement

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Revenue$382.7M+26.5%
Gross profit$198.3M+35.2%
Operating income$54.8M—
Net income$62.2M+197%
EPS (diluted)$0.45+181%

Balance sheet

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Cash & equivalents$464.1M+60.7%
Total debt$1.3B+1.0%
Total equity$833.0M-15.3%
Total assets$3.2B-3.9%

Cash flow

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Operating cash flow$167.3M+372%
CapEx$8.1M-59.8%
Free cash flow$159.2M+936%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$9.28B-48.4%
Enterprise value$10.15B-46.6%
P/E90.4×+49.4×
P/S7×-0.9×

Profitability

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Gross margin47.3%+1.1pp
Operating margin5.8%-14.1pp
Net margin7.7%-11.4pp
FCF margin36.1%+10.5pp

Returns & leverage

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Return on equity11.3%-37.2pp
Debt / equity1.6×+0.3×
Current ratio3.5×-1.1×

Segments

By segment

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Reportable Segment$382.7M-33.2%

By geography

See full
United States$302.0M—

FAQ

When did Enphase Energy report Q4 2024 earnings?
Enphase Energy (ENPH) reported Q4 2024 earnings on February 4, 2025 after market close.
What were Enphase Energy's Q4 2024 revenue and EPS?
Enphase Energy reported revenue of $382.7M and eps of $0.94 for Q4 2024.
Did Enphase Energy beat estimates in Q4 2024?
Revenue beat the consensus estimate of $377.5M by $5.2M. EPS beat the consensus estimate of $0.72 by $0.22.
Where can I find Enphase Energy's Q4 2024 SEC filings?
You can read the 8-K earnings release (0001463101-25-000014) and the 10-K periodic report (0001463101-25-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.