🚀 VC round data is live in beta, check it out!
Enphase Energy Valuation Multiples
Discover revenue and EBITDA valuation multiples for Enphase Energy and similar public comparables like J-Power, Northland Power, Sany Heavy Energy, Itron and more.
Enphase Energy Overview
About Enphase Energy
Enphase Energy is a global energy technology company. It delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Enphase derives a majority of revenue from the United States.
Founded
2006
HQ
Employees
2.9K
Website
Financials (LTM)
EV
$4B
Enphase Energy Financials
Enphase Energy reported last 12-month revenue of $1B and EBITDA of $429M.
In the same LTM period, Enphase Energy generated $632M in gross profit, $429M in EBITDA, and $140M in net income.
Revenue (LTM)
Enphase Energy P&L
In the most recent fiscal year, Enphase Energy reported revenue of $1B and EBITDA of $475M.
Enphase Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $632M | XXX | $687M | XXX | XXX | XXX |
| Gross Margin | 45% | XXX | 47% | XXX | XXX | XXX |
| EBITDA | $429M | XXX | $475M | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 32% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $140M | XXX | $172M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $730M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Enphase Energy Stock Performance
Enphase Energy has current market cap of $4B, and enterprise value of $4B.
Market Cap Evolution
Enphase Energy's stock price is $32.48.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $4B | 0.0% | XXX | XXX | XXX | $1.31 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialEnphase Energy Valuation Multiples
Enphase Energy trades at 2.8x EV/Revenue multiple, and 9.3x EV/EBITDA.
EV / Revenue (LTM)
Enphase Energy Financial Valuation Multiples
As of April 20, 2026, Enphase Energy has market cap of $4B and EV of $4B.
Equity research analysts estimate Enphase Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Enphase Energy has a P/E ratio of 30.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 2.8x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 9.3x | XXX | 8.4x | XXX | XXX | XXX |
| EV/EBIT | 35.1x | XXX | 24.2x | XXX | XXX | XXX |
| EV/Gross Profit | 6.3x | XXX | 5.8x | XXX | XXX | XXX |
| P/E | 30.7x | XXX | 24.9x | XXX | XXX | XXX |
| EV/FCF | 26.6x | XXX | 41.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Enphase Energy Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Enphase Energy Margins & Growth Rates
Enphase Energy's revenue in the last 12 month declined by (8%).
Enphase Energy's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Enphase Energy's rule of 40 is 11% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Enphase Energy's rule of X is (11%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Enphase Energy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (8%) | XXX | (15%) | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 32% | XXX | XXX | XXX |
| EBITDA Growth | (19%) | XXX | (32%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 11% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (11%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 14% | XXX | 13% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 9% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 13% | XXX | 13% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 35% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Enphase Energy Public Comps
See public comps and valuation multiples for other Energy Equipment and Renewable Energy comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Enphase Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| J-Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Northland Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Sany Heavy Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Itron | XXX | XXX | XXX | XXX | XXX | XXX |
| Doral Group Renewable | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Enphase Energy M&A Activity
Enphase Energy acquired XXX companies to date.
Last acquisition by Enphase Energy was on XXXXXXXX, XXXXX. Enphase Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Enphase Energy
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialEnphase Energy Investment Activity
Enphase Energy invested in XXX companies to date.
Enphase Energy made its latest investment on XXXXXXXX, XXXXX. Enphase Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Enphase Energy
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Enphase Energy
| When was Enphase Energy founded? | Enphase Energy was founded in 2006. |
| Where is Enphase Energy headquartered? | Enphase Energy is headquartered in United States. |
| How many employees does Enphase Energy have? | As of today, Enphase Energy has over 2K employees. |
| Who is the CEO of Enphase Energy? | Enphase Energy's CEO is Badrinarayanan Kothandaraman. |
| Is Enphase Energy publicly listed? | Yes, Enphase Energy is a public company listed on Nasdaq. |
| What is the stock symbol of Enphase Energy? | Enphase Energy trades under ENPH ticker. |
| When did Enphase Energy go public? | Enphase Energy went public in 2012. |
| Who are competitors of Enphase Energy? | Enphase Energy main competitors are J-Power, Northland Power, Sany Heavy Energy, Itron. |
| What is the current market cap of Enphase Energy? | Enphase Energy's current market cap is $4B. |
| What is the current revenue of Enphase Energy? | Enphase Energy's last 12 months revenue is $1B. |
| What is the current revenue growth of Enphase Energy? | Enphase Energy revenue growth (NTM/LTM) is (8%). |
| What is the current EV/Revenue multiple of Enphase Energy? | Current revenue multiple of Enphase Energy is 2.8x. |
| Is Enphase Energy profitable? | Yes, Enphase Energy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Enphase Energy? | Enphase Energy's last 12 months EBITDA is $429M. |
| What is Enphase Energy's EBITDA margin? | Enphase Energy's last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of Enphase Energy? | Current EBITDA multiple of Enphase Energy is 9.3x. |
| What is the current FCF of Enphase Energy? | Enphase Energy's last 12 months FCF is $149M. |
| What is Enphase Energy's FCF margin? | Enphase Energy's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of Enphase Energy? | Current FCF multiple of Enphase Energy is 26.6x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.