Enphase Energy, Inc. - Understand $enph stock

$ENPH Market Cap: $9.879 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.250B

TTM

Gross Margin

46.08%

TTM

Net Earnings

$61.42M

TTM

Current Assets

$2.361B

Q3 2024

Current Liabilities

$567.5M

Q3 2024

Current Ratio

416.03%

Q3 2024

Total Assets

$3.264B

Q3 2024

Total Liabilities

$2.333B

Q3 2024

Book Value

$931.4M

Q3 2024

Cash

$256.3M

Q3 2024

P/E

160.9

Nov 29, 2024 EST

Free Cash Flow

$336.2M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$2.291B	$2.331B	$1.382B	$774.4M	$624.3M	$316.2M	$286.2M	$322.6M	$357.2M	$343.9M	$232.8M	$216.7M	$149.5M	$61.66M	$20.20M	$1.700M	$0.00
YoY Change	-1.72%	68.65%	78.46%	24.04%	97.47%	10.48%	-11.29%	-9.7%	3.88%	47.7%	7.46%	44.91%	142.49%	205.25%	1088.24%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$2.291B	$2.331B	$1.382B	$774.4M	$624.3M	$316.2M	$286.2M	$322.6M	$357.2M	$343.9M	$232.8M	$216.7M	$149.5M	$61.66M	$20.20M	$1.700M	$0.00
Cost Of Revenue	$1.232B	$1.356B	$827.6M	$428.4M	$403.1M	$221.7M	$230.1M	$264.6M	$249.0M	$230.9M	$165.4M	$161.4M	$120.5M	$55.16M	$23.20M	$7.500M	$0.00
Gross Profit	$1.058B	$974.6M	$554.4M	$346.0M	$221.2M	$94.45M	$56.04M	$58.01M	$108.2M	$113.0M	$67.42M	$55.29M	$29.07M	$6.502M	-$3.000M	-$5.800M	$0.00
Gross Profit Margin	46.2%	41.81%	40.12%	44.68%	35.44%	29.87%	19.58%	17.98%	30.29%	32.87%	28.95%	25.52%	19.44%	10.54%	-14.85%	-341.18%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$369.6M	$355.1M	$233.1M	$103.6M	$75.54M	$56.13M	$45.35M	$66.23M	$76.71M	$72.09M	$55.05M	$50.85M	$32.68M	$12.92M	$5.300M	$3.500M	$1.200M
YoY Change	4.09%	52.36%	124.92%	37.18%	34.57%	23.79%	-31.53%	-13.66%	6.41%	30.95%	8.26%	55.58%	152.9%	143.83%	51.43%	191.67%	1100.0%
% of Gross Profit	34.92%	36.44%	42.04%	29.95%	34.14%	59.43%	80.91%	114.17%	70.88%	63.77%	81.66%	91.97%	112.43%	198.75%
Research & Development	$227.3M	$168.8M	$105.5M	$55.92M	$40.38M	$32.59M	$33.16M	$50.70M	$50.82M	$45.39M	$34.52M	$35.60M	$25.10M	$14.30M	$8.400M	$5.400M	$2.100M
YoY Change	34.64%	60.0%	88.71%	38.48%	23.92%	-1.72%	-34.61%	-0.23%	11.97%	31.46%	-3.03%	41.84%	75.57%	70.19%	55.56%	157.14%	2000.0%
% of Gross Profit	21.48%	17.32%	19.03%	16.16%	18.25%	34.5%	59.16%	87.41%	46.96%	40.15%	51.21%	64.39%	86.34%	219.87%
Depreciation & Amortization	$74.71M	$58.78M	$32.44M	$18.10M	$14.12M	$9.667M	$9.004M	$10.64M	$10.54M	$8.259M	$6.981M	$5.568M	$3.032M	$1.550M	$800.0K	$300.0K
YoY Change	27.11%	81.19%	79.19%	28.22%	46.05%	7.36%	-15.36%	0.94%	27.61%	18.31%	25.38%	83.64%	95.61%	93.75%	166.67%
% of Gross Profit	7.06%	6.03%	5.85%	5.23%	6.38%	10.24%	16.07%	18.34%	9.74%	7.31%	10.36%	10.07%	10.43%	23.84%
Operating Expenses	$597.0M	$526.3M	$338.6M	$159.5M	$118.5M	$92.85M	$95.42M	$120.7M	$127.5M	$117.5M	$89.57M	$86.45M	$57.78M	$27.22M	$13.70M	$8.900M	$3.300M
YoY Change	13.42%	55.45%	112.23%	34.62%	27.64%	-2.7%	-20.95%	-5.35%	8.56%	31.15%	3.61%	49.61%	112.28%	98.68%	53.93%	169.7%	1550.0%
Operating Profit	$461.4M	$448.3M	$215.8M	$186.4M	$102.7M	$1.596M	-$39.38M	-$62.70M	-$19.31M	-$4.429M	-$22.16M	-$31.16M	-$28.71M	-$20.72M	-$16.70M	-$14.70M	-$3.300M
YoY Change	2.94%	107.69%	15.77%	81.49%	6336.65%	-104.05%	-37.2%	224.72%	335.97%	-80.01%	-28.89%	8.53%	38.59%	24.05%	13.61%	345.45%	1550.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	$60.89M	$9.438M	$45.15M	$21.00M	$9.691M	$10.69M	$8.212M	$2.773M	$501.0K	$1.863M	$2.055M	$6.436M	$3.006M	$914.0K	-$200.0K	$200.0K	$200.0K
YoY Change	545.15%	-79.1%	115.0%	116.71%	-9.37%	30.21%	196.14%	453.49%	-73.11%	-9.34%	-68.07%	114.11%	228.88%	-557.0%	-200.0%	0.0%
% of Operating Profit	13.2%	2.11%	20.92%	11.26%	9.43%	669.99%
Other Income/Expense, Net	$6.509M	$3.787M	-$94.90M	-$67.03M	-$12.62M	-$11.83M	-$5.963M	-$3.287M	-$1.394M	-$2.857M	-$2.892M	-$6.406M	-$3.578M	-$1.060M	$0.00	$0.00	$0.00
YoY Change	71.88%	-103.99%	41.59%	431.34%	6.68%	98.31%	81.41%	135.8%	-51.21%	-1.21%	-54.85%	79.04%	237.55%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$513.1M	$452.0M	$120.9M	$119.4M	$90.11M	-$10.23M	-$45.34M	-$65.99M	-$20.70M	-$7.286M	-$25.05M	-$37.57M	-$32.29M	-$21.78M	-$16.90M	-$14.50M	-$3.100M
YoY Change	13.51%	273.82%	1.27%	32.51%	-980.97%	-77.44%	-31.29%	218.73%	184.15%	-70.91%	-33.32%	16.34%	48.28%	28.86%	16.55%	367.74%	1450.0%
Income Tax	$74.20M	$54.69M	-$24.52M	-$14.59M	-$71.03M	$1.398M	-$149.0K	$1.475M	$1.379M	$766.0K	$863.0K	$651.0K	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	14.46%	12.1%	-20.28%	-12.21%	-78.83%
Net Earnings	$438.9M	$397.4M	$145.4M	$134.0M	$161.1M	-$11.63M	-$45.19M	-$67.46M	-$22.08M	-$8.052M	-$25.91M	-$38.22M	-$32.29M	-$21.78M	-$16.90M	-$14.50M	-$3.100M
YoY Change	10.46%	173.2%	8.55%	-16.85%	-1485.98%	-74.27%	-33.01%	205.51%	174.24%	-68.93%	-32.2%	18.36%	48.28%	28.86%	16.55%	367.74%	1450.0%
Net Earnings / Revenue	19.16%	17.05%	10.52%	17.3%	25.81%	-3.68%	-15.79%	-20.91%	-6.18%	-2.34%	-11.13%	-17.64%	-21.6%	-35.32%	-83.66%	-852.94%
Basic Earnings Per Share
Diluted Earnings Per Share	$3.06	$2.75	$1.018M	$944.3K	$1.224M	-$116.5K	-$545.2K	-$1.337M	-$495.5K	-$188.8K	-$622.6K	-$1.244M	-$821.9K	-$554.7K	-$430.0K	-$369.0K	-$78.88K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$1.695B	$1.613B	$1.017B	$679.4M	$251.4M	$106.2M	$29.10M	$17.80M	$28.50M	$42.00M	$38.20M	$45.30M	$51.50M	$40.00M	$8.600M
YoY Change	5.1%	58.64%	49.64%	170.25%	136.72%	264.95%	63.48%	-37.54%	-32.14%	9.95%	-15.67%	-12.04%	28.75%	365.12%
Cash & Equivalents	$288.7M	$473.2M	$119.3M	$679.4M	$251.4M	$106.2M	$29.10M	$17.80M	$28.50M	$42.00M	$38.20M	$45.30M	$51.50M	$40.00M	$8.600M
Short-Term Investments	$1.406B	$1.140B	$897.3M
Other Short-Term Assets	$88.93M	$28.69M	$37.78M	$29.80M	$70.80M	$20.90M	$10.00M	$7.100M	$6.400M	$6.200M	$3.700M	$2.100M	$1.300M	$400.0K	$200.0K
YoY Change	209.93%	-24.06%	26.79%	-57.91%	238.76%	109.0%	40.85%	10.94%	3.23%	67.57%	76.19%	61.54%	225.0%	100.0%
Inventory	$213.6M	$149.7M	$74.40M	$41.80M	$32.10M	$16.30M	$26.00M	$32.00M	$40.80M	$21.60M	$16.60M	$19.80M	$11.20M	$4.500M	$1.500M
Prepaid Expenses
Receivables	$446.0M	$473.0M	$333.6M	$182.2M	$145.4M	$78.90M	$65.30M	$61.00M	$46.10M	$45.10M	$32.10M	$27.70M	$17.80M	$8.000M	$6.400M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$2.444B	$2.264B	$1.462B	$933.1M	$499.7M	$222.3M	$130.4M	$117.9M	$121.8M	$114.9M	$90.50M	$95.00M	$81.80M	$53.00M	$16.70M
YoY Change	7.92%	54.83%	56.73%	86.73%	124.79%	70.48%	10.6%	-3.2%	6.01%	26.96%	-4.74%	16.14%	54.34%	217.37%
Property, Plant & Equipment	$188.1M	$132.7M	$96.59M	$60.70M	$39.10M	$21.00M	$26.50M	$31.40M	$32.10M	$30.80M	$24.90M	$25.50M	$18.40M	$6.100M	$3.900M
YoY Change	41.72%	37.44%	59.12%	55.24%	86.19%	-20.75%	-15.61%	-2.18%	4.22%	23.69%	-2.35%	38.59%	201.64%	56.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$468.3M	$273.2M	$241.2M	$152.8M	$119.2M	$36.50M	$8.000M	$9.700M	$5.700M	$900.0K	$1.000M	$1.800M	$6.000M	$400.0K	$400.0K
YoY Change	71.42%	13.26%	57.85%	28.19%	226.58%	356.25%	-17.53%	70.18%	533.33%	-10.0%	-44.44%	-70.0%	1400.0%	0.0%
Total Long-Term Assets	$939.5M	$820.0M	$616.8M	$267.0M	$213.5M	$117.6M	$38.70M	$45.70M	$43.70M	$37.30M	$26.20M	$27.30M	$24.40M	$6.500M	$4.200M
YoY Change	14.57%	32.95%	131.01%	25.06%	81.55%	203.88%	-15.32%	4.58%	17.16%	42.37%	-4.03%	11.89%	275.38%	54.76%
Total Assets	$3.383B	$3.084B	$2.079B	$1.200B	$713.2M	$339.9M	$169.1M	$163.6M	$165.5M	$152.2M	$116.7M	$122.3M	$106.2M	$59.50M	$20.90M
YoY Change
Accounts Payable	$116.2M	$125.1M	$113.8M	$72.60M	$57.50M	$48.80M	$28.70M	$31.70M	$25.60M	$22.30M	$7.400M	$11.30M	$12.90M	$6.500M	$4.600M
YoY Change	-7.13%	9.95%	56.7%	26.26%	17.83%	70.03%	-9.46%	23.83%	14.8%	201.35%	-34.51%	-12.4%	98.46%	41.3%
Accrued Expenses	$261.9M	$279.8M	$157.9M	$76.50M	$47.10M	$29.00M	$22.40M	$22.90M	$19.30M	$26.00M	$14.80M	$19.30M	$10.10M	$2.900M	$800.0K
YoY Change	-6.39%	77.18%	106.42%	62.42%	62.41%	29.46%	-2.18%	18.65%	-25.77%	75.68%	-23.32%	91.09%	248.28%	262.5%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$10.10M	$17.00M	$0.00	$0.00	$2.400M	$4.500M	$2.600M	$200.0K
YoY Change							-100.0%	-40.59%			-100.0%	-46.67%	73.08%	1200.0%
Long-Term Debt Due	$0.00	$90.89M	$86.05M	$326.0M	$2.900M	$28.20M	$17.40M	$3.000M		$0.00	$3.500M
YoY Change	-100.0%	5.62%	-73.6%	11141.38%	-89.72%	62.07%	480.0%			-100.0%
Total Short-Term Liabilities	$532.4M	$638.2M	$439.8M	$534.0M	$199.3M	$147.2M	$91.70M	$82.80M	$72.80M	$58.70M	$33.40M	$33.90M	$52.40M	$13.20M	$5.700M
YoY Change	-16.57%	45.12%	-17.64%	167.94%	35.39%	60.52%	10.75%	13.74%	24.02%	75.75%	-1.47%	-35.31%	296.97%	131.58%
Long-Term Debt	$1.294B	$1.199B	$951.6M	$4.900M	$102.7M	$81.60M	$32.30M	$20.80M	$0.00	$0.00	$5.200M	$8.700M	$29.40M	$4.300M	$200.0K
YoY Change	7.86%	26.05%	19320.29%	-95.23%	25.86%	152.63%	55.29%			-100.0%	-40.23%	-70.41%	583.72%	2050.0%
Other Long-Term Liabilities	$573.2M	$421.0M	$257.7M	$177.2M	$139.0M	$103.4M	$54.20M	$58.70M	$51.20M	$46.50M	$37.90M	$23.10M	$10.50M	$3.500M	$1.400M
YoY Change	36.14%	63.38%	45.43%	27.48%	34.43%	90.77%	-7.67%	14.65%	10.11%	22.69%	64.07%	120.0%	200.0%	150.0%
Total Long-Term Liabilities	$1.867B	$1.620B	$1.209B	$182.1M	$241.7M	$185.0M	$86.50M	$79.50M	$51.20M	$46.50M	$43.10M	$31.80M	$39.90M	$7.800M	$1.600M
YoY Change	15.21%	34.0%	564.08%	-24.66%	30.65%	113.87%	8.81%	55.27%	10.11%	7.89%	35.53%	-20.3%	411.54%	387.5%
Total Liabilities	$2.399B	$2.259B	$1.649B	$716.1M	$441.0M	$332.2M	$178.3M	$162.3M	$124.1M	$105.2M	$76.50M	$65.60M	$92.30M	$21.00M	$7.300M
YoY Change	6.23%	36.97%	130.29%	62.38%	32.75%	86.32%	9.86%	30.78%	17.97%	37.52%	16.62%	-28.93%	339.52%	187.67%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding	136.4M shares	135.3M shares	134.0M shares	125.6M shares	116.7M shares	99.62M shares	82.94M shares
Diluted Shares Outstanding	143.3M shares	144.4M shares	142.9M shares	141.9M shares	131.6M shares	99.62M shares	82.94M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $9.879 Billion

About Enphase Energy, Inc.

Enphase Energy, Inc. is a global energy technology company, which engages in the business of designing, developing, manufacturing, and selling home energy solutions that manage energy generation, energy storage, control, and communications on one intelligent platform. The company is headquartered in Fremont, California and currently employs 3,157 full-time employees. The company went IPO on 2011-06-20. The firm designs, develops, manufactures and sell home energy solutions that manage energy generation, energy storage and control and communications on one intelligent platform. Its Enphase Energy System brings a high-technology, networked approach to solar generation plus energy storage, by leveraging its design across power electronics, semiconductors and cloud-based software technologies. Its integrated approach to energy solutions maximizes a home’s energy potential while providing advanced monitoring and remote maintenance capabilities. The Enphase Energy System uses a single technology platform for seamless management of the entire system, including IQ Microinverters, IQ Batteries, IQ EV Charger, and other hardware. The company has a built-in system redundancy in both photovoltaic (PV) generation and energy storage. Its commercial systems have been deployed in more than 150 countries.

Industry: Semiconductors & Related Devices Peers: AMKOR TECHNOLOGY, INC. APPLIED MATERIALS INC /DE ENTEGRIS INC KLA CORP LAM RESEARCH CORP MKS INSTRUMENTS INC ONTO INNOVATION INC. TERADYNE, INC