Enphase Energy Inc (ENPH)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 47.29% | 46.19% | 46.56% | 46.36% | 46.20% | 45.06% | 43.92% | 42.97% | 41.81% | 40.97% | 40.31% | 39.99% | 40.12% | 41.57% | 44.07% | 44.59% | 44.68% | 41.96% | 37.67% | 36.81% |
| 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% |
| Pretax margin | 9.03% | 5.01% | 10.51% | 17.65% | 22.40% | 24.66% | 23.81% | 21.93% | 19.39% | 16.56% | 13.01% | 11.83% | 8.75% | 11.48% | 15.16% | 6.97% | 15.42% | 12.85% | 10.96% | 19.74% |
| 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% |
Enphase Energy Inc's profitability ratios indicate fluctuations in its performance over the quarters. The gross profit margin has shown a general increasing trend from around 36.81% in March 2020 to approximately 47.29% in December 2024. This suggests the company has been able to manage its production costs effectively and generate higher profitability from its core operations.
On the other hand, the operating profit margin has been more volatile, starting at 19.23% in March 2020, reaching a peak of 24.07% in December 2020, and then declining to 5.81% in December 2024. This indicates fluctuations in the company's ability to control its operating expenses and generate profits from its primary activities.
The pretax margin, reflecting profitability before taxes, shows a mixed trend, with some quarters showing significant increases while others show declines. The margins have fluctuated between 6.97% in March 2021 to 24.66% in September 2023, indicating variability in the company's ability to manage its tax obligations efficiently.
Lastly, the net profit margin, which measures profitability after all expenses have been deducted, has also shown variability. Starting at 31.15% in March 2020, it declined to 7.72% in December 2024. This suggests challenges in controlling non-operating expenses and taxes, impacting the company's bottom line profitability.
Overall, Enphase Energy Inc's profitability ratios demonstrate a mix of positive and negative trends, indicating the need for the company to focus on improving cost efficiency, managing operating expenses, and optimizing its tax strategies to enhance overall profitability and sustainability.
Return on investment
| 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 return on assets (Operating ROA) | 2.38% | 0.38% | 2.54% | 7.70% | 13.18% | 17.25% | 18.19% | 16.39% | 14.53% | 12.94% | 10.30% | 9.56% | 10.38% | 10.64% | 11.98% | 9.26% | 15.54% | 13.89% | 13.40% | 13.61% |
| Return on assets (ROA) | 3.16% | 1.88% | 4.09% | 8.54% | 12.97% | 16.09% | 16.52% | 14.56% | 12.88% | 10.98% | 8.34% | 7.32% | 7.00% | 7.44% | 8.73% | 4.41% | 11.17% | 16.27% | 16.98% | 22.05% |
| Return on total capital | 4.77% | 2.66% | 7.03% | 15.63% | 22.92% | 30.65% | 31.05% | 26.83% | 22.79% | 19.58% | 15.53% | 14.44% | 12.02% | 11.34% | 12.73% | 5.20% | 28.72% | 16.34% | 14.87% | 25.05% |
| Return on equity (ROE) | 12.32% | 6.59% | 14.65% | 29.91% | 44.62% | 56.35% | 58.88% | 50.76% | 48.13% | 48.55% | 45.05% | 50.02% | 33.81% | 25.60% | 31.38% | 13.20% | 27.69% | 42.69% | 45.76% | 71.89% |
Enphase Energy Inc's profitability ratios exhibit varying trends over the analyzed periods.
- Operating Return on Assets (Operating ROA) displays fluctuation, with a peak of 18.19% on June 30, 2023, and a low point of 0.38% on September 30, 2024. The ratio indicates the company's efficiency in generating profit from its operating assets.
- Return on Assets (ROA) also demonstrates volatility, reaching a high of 16.52% on June 30, 2023, and a low of 1.88% on September 30, 2024. This ratio reflects the company's ability to generate earnings relative to its total assets.
- Return on Total Capital portrays a similar pattern with peaks and troughs within the observed periods. The ratio peaked at 31.05% on June 30, 2023, and hit a low of 2.66% on September 30, 2024. It signifies the returns generated on total invested capital.
- Return on Equity (ROE) also varies significantly, with the highest value of 58.88% on June 30, 2023, and the lowest of 6.59% on September 30, 2024. This ratio indicates the profitability of the company from the perspective of its equity holders.
Overall, the fluctuating trends in these profitability ratios suggest that Enphase Energy Inc's financial performance has been impacted by changing market conditions and operational factors over the analyzed periods.