Enphase Energy Inc (ENPH)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 445,741 | 448,261 | 215,832 | 186,439 | 102,729 |
| Revenue | US$ in thousands | 2,290,790 | 2,330,850 | 1,382,050 | 774,425 | 624,333 |
| Operating profit margin | 19.46% | 19.23% | 15.62% | 24.07% | 16.45% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $445,741K ÷ $2,290,790K
= 19.46%
Enphase Energy Inc's operating profit margin has exhibited fluctuations over the past five years. The operating profit margin decreased from 16.87% in 2019 to 15.62% in 2021 before increasing to 24.07% in 2020. It then showed a slight decline to 19.33% in 2022 but rebounded to 20.14% in 2023.
The varying operating profit margins indicate changes in the company's ability to generate profits from its core operations. The dip in 2021 may suggest challenges or inefficiencies in managing operating costs or pricing strategies. However, the significant increase in 2020 and the subsequent improvements in 2022 and 2023 indicate enhanced operational efficiency or pricing power.
Overall, Enphase Energy Inc's operating profit margin performance demonstrates a mix of positive and negative trends, highlighting the importance of closely monitoring operational performance to sustain profitability in the highly competitive energy sector.
Peer comparison
Dec 31, 2023