Enphase Energy, Inc.'s revenue has shrunk 22% a year over three years, and grown 4.6% a year over five. Revenue growth, 3-year annual rate: −22% (Solar median +20%). Revenue growth, 5-year rate: +4.6%, growth has slowed since the five-year average. Years of annual history on file: 16, FY2010 to FY2025, as filed.

ENPHEnphase Energy, Inc.

Technology

$31.61-16% 1Y

$31.61

$26.1252 weeks$72.33

Is it growing?

Watch

Growth is fading: revenue shrinking (−10% year on year), earnings down −23% year on year, and operating margin narrowing (−4.2 points).

3 to watch

Revenue trend−10% in a year

Trailing-twelve-month revenue vs a year earlier, from the company's own filings. Five-year pace: +5% a year.

Earnings trend−23% in a year

Trailing-twelve-month earnings per share against a year earlier. Growing slower than revenue, so the growth is costing something.

Margin direction−4.2 points operating

Trailing-twelve-month operating margin, 7.5% now against 11.6% a year earlier.

All from SEC EDGAR, as of Jun 30, 2026.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

Revenue growth, 3 yearsbottom 1% of the market

Where this answer is blind. These are trailing numbers from the filings, not forecasts: an acquisition or a one-off year can flatter them, so check the quarters.

Is ENPH growing?

Enphase Energy, Inc.'s revenue has shrunk 22% a year over three years, and grown 4.6% a year over five.

−22%

Revenue growth, 3-year annual rate · Solar median +20% · shrinking · compounded from trailing twelve-month revenue

Revenue growth, 5-year rate: +4.6%
Revenue growth, 5-year rate · −22% over three · growth has slowed since the five-year average
Years of annual history on file: 16
Years of annual history on file · FY2010 to FY2025, as filed

Details›