Enphase Energy, Inc. has grown revenue −19% a year over three years and 10.0% a year over five, with earnings per share compounding at −22%. Revenue growth, 3-year annual rate: −19% (Solar median +20%). Revenue growth, 5-year rate: +10.0%, growth has slowed since the five-year average. Earnings per share, 3-year rate: −22%, earnings lagged revenue: the growth is costing something. Years of annual history on file: 16, FY2010 to FY2025, as filed.

ENPHEnphase Energy, Inc.

Technology

$32.80-15% 1Y

$32.80

$26.1252 weeks$72.33

Is it growing?

Watch

Growth is fading: earnings down −7% year on year and operating margin narrowing (−3.6 points).

2 to watch, 1 neutral

Revenue trend−2% in a year

Trailing-twelve-month revenue vs a year earlier, from the company's own filings. Five-year pace: +10% a year.

Earnings trend−7% 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−3.6 points operating

Trailing-twelve-month operating margin, 5.6% now against 9.2% a year earlier.

All from SEC EDGAR, as of Mar 31, 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. has grown revenue −19% a year over three years and 10.0% a year over five, with earnings per share compounding at −22%.

−19%

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

Revenue growth, 5-year rate: +10.0%
Revenue growth, 5-year rate · −19% over three · growth has slowed since the five-year average
Earnings per share, 3-year rate: −22%
Earnings per share, 3-year rate · revenue −19% · earnings lagged revenue: the growth is costing something
Years of annual history on file: 16
Years of annual history on file · FY2010 to FY2025, as filed