Enphase Energy Inc (ENPH)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	161,148	45,191	10,622	-3,734
Revenue (ttm)	US$ in thousands	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	624,333	506,590	404,535	346,337
Net profit margin		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%	25.81%	8.92%	2.63%	-1.08%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $438,936K ÷ $2,290,786K
= 19.16%

The net profit margin for Enphase Energy Inc has been showing a positive trend over the quarters presented. In Q4 2023, the net profit margin was 19.16%, which decreased slightly from the previous quarter but remained relatively strong. Compared to the same quarter the previous year, there has been a notable improvement in profitability.

Enphase Energy Inc's ability to convert revenue into profit has generally been improving, as seen by the increasing trend in net profit margin over the quarters. This indicates effective cost management and operational efficiency. The company's performance in Q4 2023 reflects a healthy level of profitability relative to its revenue generation.

Overall, Enphase Energy Inc's net profit margin has been on an upward trajectory, signaling improving profitability and financial performance over the periods analyzed.