Company / Operating Margin
Enphase Energy Operating Margin History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
10.7%
FY2025
5-year range
5.8% / 19.5%
FY2021-FY2025
Trend
+84.0%
vs FY2024
Sector context
#106 of 286
Information Technology
What the data says
At 10.7%, Enphase Energy's operating margin ranks #106 of 286 in the Information Technology sector. Operating Margin has fluctuated over the past 9 years, ranging from -13.8% in FY2019 to 24.1% in FY2020.
Based on SEC 10-K filings.
10.7% in FY2025 with a 5-year CAGR of -13.4%.
Declined from 19.5% to 10.7% over the past 2 years.
Information Technology sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -8.5pp
- 5-Year Change
- -13.4pp
- 10-Year Change
- -
Sector benchmark
#106 of 286 in Information TechnologyTop 37% of 286This company 10.7% Sector average -210.8%
▼
+105.1% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 84.0% year-over-year.
- Currently 221.5pp above the Information Technology sector average.
- Peak operating margin was recorded in FY2020.
- Lowest operating margin in the period was in FY2019.
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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 10.7% | +84.0% |
| FY2024 | 5.8% | -70.1% |
| FY2023 | 19.5% | +1.2% |
| FY2022 | 19.2% | +23.1% |
| FY2021 | 15.6% | -35.1% |
| FY2020 | 24.1% | +274.9% |
| FY2019 | -13.8% | -2825.8% |
| FY2018 | 0.5% | +103.7% |
| FY2017 | -13.8% | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026