Company / Free Cash Flow
Enphase Energy Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$95.9M
FY2025
5-year range
$95.9M / $698.4M
FY2021-FY2025
Trend
-80.0%
vs FY2024
Sector context
#189 of 294
Information Technology
What the data says
At $96M, Enphase Energy's free cash flow ranks #189 of 294 in the Information Technology sector. Free Cash Flow has declined for 3 consecutive years, from $698M in FY2022 to $96M in FY2025.
Based on SEC 10-K filings.
$96M in FY2025 with a 5-year CAGR of -13.3%.
Declined from $586M to $96M over the past 2 years.
Information Technology sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- -48.4%
- 5-Year CAGR
- -13.3%
- 10-Year CAGR
- -
Sector benchmark
#189 of 294 in Information TechnologyTop 64% of 294This company $95.9M Sector average $1.4B
▼
-93.2% below sector average
Key checks
Key Insights
- Enphase Energy's free cash flow has declined for 3 consecutive years.
- 5-year CAGR of -13.3%, indicating a declining trend.
- In FY2025, free cash flow decreased 80.0% year-over-year.
- Ranks #189 out of 294 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 0.97 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $95.9M | -80.0% |
| FY2024 | $480.1M | -18.1% |
| FY2023 | $586.4M | -16.0% |
| FY2022 | $698.4M | +133.0% |
| FY2021 | $299.8M | +53.1% |
| FY2020 | $195.8M | +701.2% |
| FY2019 | -$32.6M | -371.8% |
| FY2018 | $12.0M | +136.8% |
| FY2017 | -$32.6M | +27.8% |
| FY2016 | -$45.1M | -33.9% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026