Enphase Energy Inc (ENPH)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	629,138	577,507	661,349	847,525	1,058,388	1,222,427	1,228,330	1,123,993	974,595	827,208	699,650	608,446	554,422	513,046	467,669	388,255	345,981	301,924	271,649	268,581
Revenue (ttm)	US$ in thousands	1,330,383	1,250,240	1,420,449	1,828,109	2,290,786	2,712,868	2,796,499	2,615,577	2,330,853	2,018,920	1,735,726	1,521,587	1,382,049	1,234,169	1,061,153	870,634	774,425	719,618	721,172	729,728
Gross profit margin		47.29%	46.19%	46.56%	46.36%	46.20%	45.06%	43.92%	42.97%	41.81%	40.97%	40.31%	39.99%	40.12%	41.57%	44.07%	44.59%	44.68%	41.96%	37.67%	36.81%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $629,138K ÷ $1,330,383K
= 47.29%

Enphase Energy Inc's gross profit margin has displayed a generally increasing trend from March 31, 2020, to December 31, 2024. Starting at 36.81% in March 2020, it showed gradual improvement, reaching 47.29% by December 2024. Despite some fluctuations in between, the company managed to maintain an overall positive trajectory in its gross profit margin over the specified period. This suggests that Enphase Energy has been effectively managing its cost of goods sold and enhancing its pricing strategies to improve profitability at the gross level. The steady increase in gross profit margin indicates the company's ability to control production costs and generate more profit from its sales.