Stock Analysis on Net
Stock Analysis on Net

Enphase Energy Inc. (NASDAQ:ENPH)

This company has been moved to the archive! The financial data has not been updated since February 9, 2024.

Common-Size Income Statement

Enphase Energy Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net revenues 100.00 100.00 100.00 100.00 100.00
Cost of revenues -53.80 -58.19 -59.88 -55.32 -64.56
Gross profit 46.20% 41.81% 40.12% 44.68% 35.44%
Research and development -9.92 -7.24 -7.64 -7.22 -6.47
Sales and marketing -10.12 -9.23 -9.33 -6.83 -5.88
General and administrative -6.02 -6.01 -7.53 -6.55 -6.22
Restructuring and asset impairment charges -0.68 -0.10 0.00 0.00 -0.42
Operating expenses -26.74% -22.58% -24.50% -20.60% -18.98%
Income from operations 19.46% 19.23% 15.62% 24.07% 16.45%
Interest income 3.04 0.59 0.05 0.28 0.40
Interest expense -0.39 -0.40 -3.27 -2.71 -1.55
Other income (expense), net 0.28 -0.02 0.44 -0.10 -0.87
Loss on partial settlement of convertible notes 0.00 0.00 -4.09 -0.39 0.00
Change in fair value of derivatives 0.00 0.00 0.00 -5.73 0.00
Other income (expense), net 2.94% 0.16% -6.87% -8.66% -2.02%
Income before income taxes 22.40% 19.39% 8.75% 15.42% 14.43%
Income tax (provision) benefit -3.24 -2.35 1.77 1.88 11.38
Net income 19.16% 17.05% 10.52% 17.30% 25.81%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. Enphase Energy Inc. income from operations as a percentage of net revenues increased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Enphase Energy Inc. income before income taxes as a percentage of net revenues increased from 2021 to 2022 and from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Enphase Energy Inc. net income as a percentage of net revenues increased from 2021 to 2022 and from 2022 to 2023.