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Enphase Energy ENPH Net debt / EBITDA

Net debt / EBITDA at other companies

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-0.4×-0.1×
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-1.4×-0.4×
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-1.8×
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6.8×
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-0.8×-0.9×
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0.5×-1.4×

Other financials

Income statement

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Revenue$291.9M-19.6%
Gross profit$175.0M+2.7%
Operating income$51.5M+39.2%
Net income$36.1M-2.6%
EPS (diluted)$0.27-3.6%

Balance sheet

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Cash & equivalents$529.3M+42.9%
Total debt$613.4M-50.3%
Total equity$1.2B+34.2%
Total assets$2.9B-8.2%

Cash flow

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Operating cash flow$40.3M+51.4%
CapEx$14.4M+74.3%
Free cash flow$25.9M+41.1%

Valuation

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Market cap$5.15B+30.7%
Enterprise value$5.23B+9.0%
P/E38.4×+15.9×
P/S3.9×+1.2×

Profitability

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Gross margin46.9%-1.3pp
Operating margin8.3%-3.4pp
Net margin10.1%-1.7pp
FCF margin11.5%-13.7pp

Returns & leverage

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Return on equity13%-6.8pp
Debt / equity0.5×-0.9×
Current ratio3.5×+1.5×

Where this comes from

Calculated from Enphase Energy’s reported figures.

Based on the most recent quarter.

The source filing: Enphase Energy’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 4:29 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001463101-26-000081

FAQ

What is Enphase Energy's net debt / EBITDA?
Enphase Energy (ENPH) reported net debt / EBITDA of 0.4× in Q2 2026.
How has Enphase Energy's net debt / EBITDA changed year-over-year?
Enphase Energy's net debt / EBITDA decreased by 87.1% year-over-year, from 3.4× to 0.4×.
What is the long-term trend for Enphase Energy's net debt / EBITDA?
Over 5 years (2020 to 2025), Enphase Energy's net debt / EBITDA has grown at a 15.0% compound annual growth rate (CAGR), from -1.6× to 3.2×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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