Company / Working Capital
Enphase Energy Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$1.3B
FY2025
5-year range
$1.0B / $1.9B
FY2021-FY2025
Trend
-19.3%
vs FY2024
Sector context
#68 of 311
Information Technology
What the data says
Enphase Energy's working capital of $1.3B is higher than 78% of companies in the Information Technology sector (FY2025). Declined from $1.9B to $1.3B over the past 2 years.
Based on SEC 10-K filings.
$1.3B in FY2025 with a 5-year CAGR of +27.5%. Top quartile in the Information Technology sector.
Declined from $1.9B to $1.3B over the past 2 years.
Information Technology sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -6.1%
- 5-Year CAGR
- +27.5%
- 10-Year CAGR
- -
Sector benchmark
Top 22% in Information TechnologyTop 22% of 311This company $1.3B Sector average $1.7B
▼
-21.6% below sector average
Key checks
Key Insights
- 5-year CAGR of +27.5%, indicating consistent growth.
- In FY2025, working capital decreased 19.3% year-over-year.
- Ranks #68 out of 311 companies in the Information Technology sector.
- Peak working capital was recorded in FY2023.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.3B | -19.3% |
| FY2024 | $1.7B | -12.8% |
| FY2023 | $1.9B | +17.5% |
| FY2022 | $1.6B | +59.0% |
| FY2021 | $1.0B | +156.3% |
| FY2020 | $399.0M | +32.9% |
| FY2019 | $300.3M | +299.7% |
| FY2018 | $75.1M | +94.1% |
| FY2017 | $38.7M | +10.3% |
| FY2016 | $35.1M | -28.3% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026