Enphase Energy Inc (ENPH)

Operating 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
Operating income (ttm)	US$ in thousands	77,292	12,257	80,458	248,979	445,741	612,932	630,384	554,100	448,261	348,996	250,906	216,270	215,832	237,251	251,659	203,113	186,439	151,767	133,714	140,307
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
Operating profit margin		5.81%	0.98%	5.66%	13.62%	19.46%	22.59%	22.54%	21.18%	19.23%	17.29%	14.46%	14.21%	15.62%	19.22%	23.72%	23.33%	24.07%	21.09%	18.54%	19.23%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $77,292K ÷ $1,330,383K
= 5.81%

Enphase Energy Inc's operating profit margin has shown fluctuating trends over the years based on the provided data. The operating profit margin started strong at 19.23% in March 2020, then slightly decreased to 18.54% by June 2020. It witnessed an upward trend, reaching a peak of 24.07% in December 2020. Subsequently, the operating profit margin experienced some slight fluctuations but generally remained above 20% until March 2023.

However, starting from June 2023, there was a noticeable decline in the operating profit margin, falling to 5.66% by June 2024. This significant drop was further emphasized with decreasing percentages of 0.98% in September 2024. By December 2024, there was a slight recovery with the operating profit margin improving to 5.81%.

Overall, Enphase Energy Inc's operating profit margin has demonstrated both periods of strength and volatility, highlighting potential challenges in maintaining consistent profitability within the analyzed timeframe.