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Enphase Energy ENPH Asset turnover

Asset turnover at other companies

Tesla, Inc. logo
Tesla, Inc.TSLA
0.7×-0.1×
Generac Holdings logo
Generac HoldingsGNRC
0.8×0.0×
EnerSys logo
EnerSysENS
0.9×0.0×
Quanta Services logo
Quanta ServicesPWR
1.3×-0.1×
First Solar logo
First SolarFSLR
0.4×+0.1×
Monolithic Power Systems logo
Monolithic Power SystemsMPWR
0.7×0.0×

Other financials

Income statement

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Revenue$282.9M-20.6%
Gross profit$100.4M-40.3%
Operating income-$29.6M-193%
Net income-$7.4M-125%
EPS (diluted)-$0.06-127%

Balance sheet

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Cash & equivalents$497.5M+19.9%
Total debt$612.1M-50.4%
Total equity$1.1B+36.0%
Total assets$2.7B-12.3%

Cash flow

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Operating cash flow$102.9M+112%
CapEx$19.9M+36.2%
Free cash flow$83.0M+145%

Valuation

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Market cap$6.89B-39.7%
Enterprise value$7B-43.9%
P/E51×-25.9×
P/S4.9×-3.1×

Profitability

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Gross margin44.2%-3.7pp
Operating margin6.9%-2.9pp
Net margin9.6%-0.8pp
FCF margin10.4%-22.8pp

Returns & leverage

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Return on equity14.1%-3.0pp
Debt / equity0.6×-1.0×
Current ratio3.8×+1.9×

Where this comes from

Calculated from Enphase Energy’s reported figures.

Based on trailing twelve months.

The official record: Enphase Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Enphase Energy's asset turnover?
Enphase Energy (ENPH) reported asset turnover of 0.5× in Q1 2026.
How has Enphase Energy's asset turnover changed year-over-year?
Enphase Energy's asset turnover increased by 6.9% year-over-year, from 0.4× to 0.5×.
What is the long-term trend for Enphase Energy's asset turnover?
Over 5 years (2020 to 2025), Enphase Energy's asset turnover has grown at a -11.6% compound annual growth rate (CAGR), from 0.8× to 0.4×.
What does asset turnover mean?
Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.