What is Enphase Energy's quick ratio?

Enphase Energy (ENPH) reported quick ratio of 3.2× in Q1 2026.

How has Enphase Energy's quick ratio changed year-over-year?

Enphase Energy's quick ratio increased by 80.4% year-over-year, from 1.8× to 3.2×.

What is the long-term trend for Enphase Energy's quick ratio?

Over 5 years (2020 to 2025), Enphase Energy's quick ratio has grown at a 1.9% compound annual growth rate (CAGR), from 1.7× to 1.8×.

What does quick ratio mean?

Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.

Enphase Energy ENPH Quick ratio

Quick ratio at other companies

Tesla, Inc.TSLA

1.6×+0.1×

Generac HoldingsGNRC

1×+0.1×

EnerSysENS

1.8×0.0×

Quanta ServicesPWR

1.1×-0.2×

First SolarFSLR

2.5×+0.6×

Monolithic Power SystemsMPWR

3.5×-0.2×

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.

quick assets/total current liabilities=3.2×

Based on the most recent quarter.

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 quick ratio?: Enphase Energy (ENPH) reported quick ratio of 3.2× in Q1 2026.
How has Enphase Energy's quick ratio changed year-over-year?: Enphase Energy's quick ratio increased by 80.4% year-over-year, from 1.8× to 3.2×.
What is the long-term trend for Enphase Energy's quick ratio?: Over 5 years (2020 to 2025), Enphase Energy's quick ratio has grown at a 1.9% compound annual growth rate (CAGR), from 1.7× to 1.8×.
What does quick ratio mean?: Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.