Enphase Energy Inc (ENPH)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 120,159 | 513,139 | 452,048 | 120,928 | 119,410 |
| Revenue | US$ in thousands | 1,330,380 | 2,290,790 | 2,330,850 | 1,382,050 | 774,425 |
| Pretax margin | 9.03% | 22.40% | 19.39% | 8.75% | 15.42% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $120,159K ÷ $1,330,380K
= 9.03%
Enphase Energy Inc's pretax margin has demonstrated fluctuations over the past five years. Starting at 15.42% on December 31, 2020, it decreased to 8.75% by December 31, 2021, indicating a decline in profitability. However, the company managed to improve its performance significantly in the following years, with pretax margins of 19.39% on December 31, 2022, and 22.40% on December 31, 2023, showing strong growth and enhanced profitability.
Unfortunately, Enphase Energy Inc experienced a decrease in pretax margin to 9.03% by December 31, 2024, potentially signaling challenges in maintaining its profitability levels. Overall, while the company has displayed both positive and negative trends in pretax margin, continuous monitoring and strategic adjustments may be necessary to sustain or improve its financial performance.
Peer comparison
Dec 31, 2024