Company / Gross Margin
Enphase Energy Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
46.6%
FY2025
5-year range
40.1% / 47.3%
FY2021-FY2025
Trend
-1.4%
vs FY2024
Sector context
#143 of 225
Information Technology
What the data says
At 46.6%, Enphase Energy's gross margin ranks #143 of 225 in the Information Technology sector. Gross Margin has fluctuated over the past 10 years, ranging from 18.0% in FY2016 to 47.3% in FY2024.
Based on SEC 10-K filings.
46.6% in FY2025 with a 5-year CAGR of +2.0%.
Remained stable around 46.6% over the past 2 years.
Information Technology sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +4.8pp
- 5-Year Change
- +2.0pp
- 10-Year Change
- -
Sector benchmark
#143 of 225 in Information TechnologyTop 64% of 225This company 46.6% Sector average 53.6%
▼
-13.0% below sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 1.4% year-over-year.
- Currently 7.0pp below the Information Technology sector average.
- Peak gross margin was recorded in FY2024.
- Lowest gross margin in the period was in FY2016.
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 | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 46.6% | -1.4% |
| FY2024 | 47.3% | +2.4% |
| FY2023 | 46.2% | +10.5% |
| FY2022 | 41.8% | +4.2% |
| FY2021 | 40.1% | -10.2% |
| FY2020 | 44.7% | +128.2% |
| FY2019 | 19.6% | -34.5% |
| FY2018 | 29.9% | +52.6% |
| FY2017 | 19.6% | +8.9% |
| FY2016 | 18.0% | -40.6% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026