What is Enphase Energy's earnings yield?

Enphase Energy (ENPH) reported earnings yield of 2.7% in Q1 2026.

How has Enphase Energy's earnings yield changed year-over-year?

Enphase Energy's earnings yield increased by 50.8% year-over-year, from 1.8% to 2.7%.

What is the long-term trend for Enphase Energy's earnings yield?

Over 5 years (2020 to 2025), Enphase Energy's earnings yield has grown at a 47.8% compound annual growth rate (CAGR), from 0.6% to 4.1%.

What does earnings yield mean?

Trailing-twelve-month net income divided by market capitalization at the quarter end — the inverse of the P/E ratio, expressed as a percentage.

Enphase Energy ENPH Earnings yield

Earnings yield at other companies

Tesla, Inc.TSLA

0.3%-0.5pp

Generac HoldingsGNRC

3.1%0.0pp

EnerSysENS

4.6%-5.5pp

Quanta ServicesPWR

1.3%-1.1pp

First SolarFSLR

7.9%-1.5pp

Monolithic Power SystemsMPWR

1.3%-4.6pp

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.

net income/market cap=2.7%

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 earnings yield?: Enphase Energy (ENPH) reported earnings yield of 2.7% in Q1 2026.
How has Enphase Energy's earnings yield changed year-over-year?: Enphase Energy's earnings yield increased by 50.8% year-over-year, from 1.8% to 2.7%.
What is the long-term trend for Enphase Energy's earnings yield?: Over 5 years (2020 to 2025), Enphase Energy's earnings yield has grown at a 47.8% compound annual growth rate (CAGR), from 0.6% to 4.1%.
What does earnings yield mean?: Trailing-twelve-month net income divided by market capitalization at the quarter end — the inverse of the P/E ratio, expressed as a percentage.