Enphase Energy Inc (ENPH)

Net 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
Net income (ttm)	US$ in thousands	102,658	61,417	129,608	275,966	438,936	571,770	572,629	492,414	397,362	296,200	203,197	165,572	145,449	165,849	183,402	96,757	133,995	177,670	169,407	227,319
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
Net profit margin		7.72%	4.91%	9.12%	15.10%	19.16%	21.08%	20.48%	18.83%	17.05%	14.67%	11.71%	10.88%	10.52%	13.44%	17.28%	11.11%	17.30%	24.69%	23.49%	31.15%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $102,658K ÷ $1,330,383K
= 7.72%

Enphase Energy Inc's net profit margin has shown variability over the period from March 31, 2020, to December 31, 2024. The net profit margin started at a healthy 31.15% in March 2020 but decreased to 7.72% by December 2024.

The trend in the net profit margin fluctuated during the period, with some periods showing a decline and others showing improvement. The company experienced a significant drop in net profit margin in June 2024 to 9.12% and further decreased to 4.91% in September 2024. However, there was a slight recovery by the end of 2024 to 7.72%.

It is important for Enphase Energy Inc to closely monitor its net profit margin as it reflects the company's efficiency in managing its expenses and generating profits from its operations. The company should analyze the contributing factors to the fluctuations in the net profit margin to make informed decisions to improve profitability in the future.