What is Enphase Energy's inventory turnover?

Enphase Energy (ENPH) reported inventory turnover of 3.6× in Q1 2026.

How has Enphase Energy's inventory turnover changed year-over-year?

Enphase Energy's inventory turnover decreased by 14.7% year-over-year, from 4.2× to 3.6×.

What is the long-term trend for Enphase Energy's inventory turnover?

Over 5 years (2020 to 2025), Enphase Energy's inventory turnover has grown at a -21.5% compound annual growth rate (CAGR), from 11.6× to 3.5×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Enphase Energy ENPH Inventory turnover

Inventory turnover at other companies

Tesla, Inc.TSLA

5.6×+0.3×

Quanta ServicesPWR

72×-14.8×

First SolarFSLR

12.8×+3.9×

Monolithic Power SystemsMPWR

2.5×0.0×

Nextpower Inc. NXT

10.2×+0.7×

AESAES

15.8×0.0×

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$102.9M+112%

CapEx$19.9M+36.2%

Free cash flow$83.0M+145%

Valuation

See full

Market cap$6.89B-39.7%

Enterprise value$7B-43.9%

P/E51×-25.9×

P/S4.9×-3.1×

Profitability

See full

Gross margin44.2%-3.7pp

Operating margin6.9%-2.9pp

Net margin9.6%-0.8pp

FCF margin10.4%-22.8pp

Returns & leverage

See full

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.

total cost of revenue/inventories=3.6×

Based on trailing twelve months.

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

Ask your AI about Enphase Energy's inventory turnover.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Enphase Energy's inventory turnover?: Enphase Energy (ENPH) reported inventory turnover of 3.6× in Q1 2026.
How has Enphase Energy's inventory turnover changed year-over-year?: Enphase Energy's inventory turnover decreased by 14.7% year-over-year, from 4.2× to 3.6×.
What is the long-term trend for Enphase Energy's inventory turnover?: Over 5 years (2020 to 2025), Enphase Energy's inventory turnover has grown at a -21.5% compound annual growth rate (CAGR), from 11.6× to 3.5×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.