Enphase Energy Inc (ENPH)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 1,058,390 974,595 554,422 345,981 221,245
Revenue US$ in thousands 2,290,790 2,330,850 1,382,050 774,425 624,333
Gross profit margin 46.20% 41.81% 40.12% 44.68% 35.44%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,058,390K ÷ $2,290,790K
= 46.20%

The gross profit margin of Enphase Energy Inc has shown a generally positive trend over the past five years, increasing from 35.44% in 2019 to 46.20% in 2023. This indicates that the company has been able to improve its efficiency in generating profits from its revenue over the years. The significant improvement in 2023 compared to previous years suggests that Enphase Energy has managed its cost of goods sold effectively or increased its pricing power, resulting in a higher proportion of revenue translating into gross profit. It is important to note that a higher gross profit margin reflects better profitability and operational performance for the company.


Peer comparison

Dec 31, 2023


See also:

Enphase Energy Inc Gross Profit Margin