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Enphase Energy, Inc.

ENPH

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
1,330
Cost of Revenue
701
Gross Profit
629
Gross Margin
47.3%
Operating Income
77
Operating Margin
5.8%
Net Income
103
Net Margin
7.7%
EPS (Basic)
$0.76
EPS (Diluted)
$0.75
EBITDA
210
EBITDA Margin
15.8%

2023

12/31/2023

Revenue
2,291
Cost of Revenue
1,232
Gross Profit
1,058
Gross Margin
46.2%
Operating Income
446
Operating Margin
19.5%
Net Income
439
Net Margin
19.2%
EPS (Basic)
$3.24
EPS (Diluted)
$3.08
EBITDA
597
EBITDA Margin
26.0%

2022

12/31/2022

Revenue
2,331
Cost of Revenue
1,356
Gross Profit
975
Gross Margin
41.8%
Operating Income
448
Operating Margin
19.2%
Net Income
397
Net Margin
17.0%
EPS (Basic)
$2.94
EPS (Diluted)
$2.77
EBITDA
520
EBITDA Margin
22.3%

2021

12/31/2021

Revenue
1,382
Cost of Revenue
828
Gross Profit
554
Gross Margin
40.1%
Operating Income
216
Operating Margin
15.6%
Net Income
145
Net Margin
10.5%
EPS (Basic)
$1.09
EPS (Diluted)
$1.02
EBITDA
197
EBITDA Margin
14.2%

2020

12/31/2020

Revenue
774
Cost of Revenue
428
Gross Profit
346
Gross Margin
44.7%
Operating Income
186
Operating Margin
24.1%
Net Income
134
Net Margin
17.3%
EPS (Basic)
$1.07
EPS (Diluted)
$0.95
EBITDA
159
EBITDA Margin
20.5%