Enphase Energy Inc (ENPH)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	438,936	397,362	145,449	133,995	161,148
Revenue	US$ in thousands	2,290,790	2,330,850	1,382,050	774,425	624,333
Net profit margin		19.16%	17.05%	10.52%	17.30%	25.81%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $438,936K ÷ $2,290,790K
= 19.16%

Enphase Energy Inc's net profit margin has displayed some fluctuations over the past five years. The net profit margin increased to 19.16% in 2023 from 17.05% in 2022, indicating improved profitability. However, it was notably lower in 2021 at 10.52%. The margins were relatively higher in 2019 and 2020 at 25.81% and 17.30%, respectively. The trend suggests some variability in the company's ability to generate profits relative to its revenue over the years, likely influenced by shifts in costs, revenues, or business strategies.