Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Enphase Energy Inc., profitability ratios (quarterly data)
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Enphase Energy Inc. gross profit margin ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Enphase Energy Inc. operating profit margin ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Enphase Energy Inc. net profit margin ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Enphase Energy Inc. ROE deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Enphase Energy Inc. ROA deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Gross Profit Margin
Enphase Energy Inc., gross profit margin calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Gross profit | 146,662) | 262,013) | 323,342) | 326,371) | 310,701) | 267,916) | 219,005) | 176,973) | 163,314) | 140,358) | 127,801) | 122,949) | 121,938) | 94,981) | 48,387) | 80,675) | 77,881) | 64,706) | 45,319) | 33,339) | ||||||
| Net revenues | 302,570) | 551,082) | 711,118) | 726,016) | 724,652) | 634,713) | 530,196) | 441,292) | 412,719) | 351,519) | 316,057) | 301,754) | 264,839) | 178,503) | 125,538) | 205,545) | 210,032) | 180,057) | 134,094) | 100,150) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| Gross profit margin1 | 46.20% | 45.06% | 43.92% | 42.97% | 41.81% | 40.97% | 40.31% | 39.99% | 40.12% | 41.57% | 44.07% | 44.59% | 44.68% | 41.96% | 37.67% | 36.81% | 35.44% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 46.12% | 45.01% | 43.70% | 43.98% | 44.93% | 46.55% | 48.01% | 48.53% | 48.25% | 46.82% | 45.71% | 44.79% | 44.53% | 44.47% | 44.36% | 43.69% | 42.61% | — | — | — | ||||||
| Analog Devices Inc. | 64.01% | 65.23% | 65.69% | 65.62% | 62.70% | 58.63% | 58.33% | 57.81% | 61.83% | 68.04% | 67.36% | 66.37% | 65.87% | 65.39% | 65.56% | 66.43% | 67.00% | 67.79% | 67.95% | 68.09% | ||||||
| Applied Materials Inc. | 46.70% | 46.40% | 46.35% | 46.39% | 46.51% | 47.05% | 47.51% | 47.67% | 47.32% | 46.69% | 45.83% | 44.96% | 44.72% | 44.23% | 44.04% | 43.81% | 43.72% | 43.93% | 44.39% | 45.01% | ||||||
| Broadcom Inc. | 68.93% | 68.28% | 67.71% | 66.98% | 66.55% | 65.68% | 64.42% | 62.95% | 61.36% | 60.18% | 58.98% | 57.54% | 56.58% | 55.70% | 55.21% | 55.32% | 55.24% | 55.09% | 54.33% | 53.09% | ||||||
| Intel Corp. | 40.04% | 38.14% | 38.27% | 38.34% | 42.61% | 46.56% | 49.85% | 54.32% | 55.45% | 56.27% | 55.59% | 54.62% | 56.01% | 56.52% | 57.88% | 59.51% | 58.56% | — | — | — | ||||||
| KLA Corp. | 59.81% | 60.16% | 60.69% | 61.23% | 61.00% | 60.86% | 60.77% | 60.27% | 59.93% | 59.38% | 58.80% | 58.43% | 57.81% | 56.81% | 56.09% | 57.21% | 59.08% | 62.23% | 64.31% | 64.54% | ||||||
| Lam Research Corp. | 44.62% | 44.65% | 45.31% | 45.74% | 45.69% | 45.93% | 46.30% | 46.19% | 46.53% | 46.49% | 46.59% | 46.43% | 45.88% | 45.86% | 45.20% | 45.13% | 45.15% | 45.66% | 46.12% | 46.42% | ||||||
| Micron Technology Inc. | -9.11% | 9.03% | 27.51% | 41.34% | 45.18% | 46.89% | 45.81% | 41.37% | 37.62% | 33.66% | 30.70% | 31.37% | 30.57% | 29.03% | 30.33% | 36.11% | 45.72% | 53.60% | 57.87% | 59.55% | ||||||
| NVIDIA Corp. | 56.93% | 57.84% | 60.45% | 65.26% | 64.93% | 64.40% | 63.76% | 62.43% | 62.34% | 62.62% | 62.84% | 63.47% | 61.99% | 59.49% | 58.57% | 59.64% | 61.21% | — | — | — | ||||||
| ON Semiconductor Corp. | 47.06% | 47.52% | 47.78% | 48.36% | 48.97% | 48.20% | 46.62% | 43.79% | 40.27% | 37.53% | 35.50% | 33.60% | 32.65% | 32.70% | 32.95% | 34.43% | 35.77% | — | — | — | ||||||
| Qualcomm Inc. | 55.70% | 56.31% | 56.46% | 57.22% | 57.84% | 57.99% | 58.51% | 58.16% | 57.51% | 59.82% | 59.99% | 60.17% | 60.67% | 56.96% | 65.07% | 65.22% | 64.57% | 63.06% | 54.26% | 54.58% | ||||||
| Texas Instruments Inc. | 62.90% | 64.46% | 66.29% | 67.64% | 68.76% | 69.51% | 69.26% | 68.68% | 67.47% | 66.36% | 65.46% | 64.70% | 64.10% | 63.49% | 63.65% | 63.68% | 63.71% | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Gross profit margin = 100
× (Gross profitQ4 2023
+ Gross profitQ3 2023
+ Gross profitQ2 2023
+ Gross profitQ1 2023)
÷ (Net revenuesQ4 2023
+ Net revenuesQ3 2023
+ Net revenuesQ2 2023
+ Net revenuesQ1 2023)
= 100 × (146,662 + 262,013 + 323,342 + 326,371)
÷ (302,570 + 551,082 + 711,118 + 726,016)
= 46.20%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Enphase Energy Inc. gross profit margin ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Operating Profit Margin
Enphase Energy Inc., operating profit margin calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Income from operations | (10,231) | 117,989) | 170,320) | 167,663) | 156,960) | 135,441) | 94,036) | 61,824) | 57,695) | 37,351) | 59,400) | 61,386) | 79,114) | 51,759) | 10,854) | 44,712) | 44,442) | 33,706) | 17,447) | 7,134) | ||||||
| Net revenues | 302,570) | 551,082) | 711,118) | 726,016) | 724,652) | 634,713) | 530,196) | 441,292) | 412,719) | 351,519) | 316,057) | 301,754) | 264,839) | 178,503) | 125,538) | 205,545) | 210,032) | 180,057) | 134,094) | 100,150) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| Operating profit margin1 | 19.46% | 22.59% | 22.54% | 21.18% | 19.23% | 17.29% | 14.46% | 14.21% | 15.62% | 19.22% | 23.72% | 23.33% | 24.07% | 21.09% | 18.54% | 19.23% | 16.45% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 1.77% | -0.41% | -1.73% | 0.73% | 5.36% | 11.48% | 16.83% | 20.86% | 22.20% | 20.27% | 18.83% | 16.23% | 14.02% | 13.27% | 11.56% | 10.63% | 9.37% | — | — | — | ||||||
| Analog Devices Inc. | 31.07% | 33.43% | 33.06% | 32.15% | 27.29% | 20.49% | 20.42% | 18.87% | 23.12% | 31.59% | 30.06% | 28.83% | 26.74% | 24.91% | 25.30% | 26.56% | 28.55% | 30.69% | 31.07% | 31.05% | ||||||
| Applied Materials Inc. | 28.86% | 28.92% | 29.28% | 29.64% | 30.20% | 31.03% | 31.80% | 31.37% | 29.87% | 28.47% | 26.49% | 25.30% | 25.37% | 24.26% | 23.58% | 23.20% | 22.93% | 23.55% | 25.09% | 26.83% | ||||||
| Broadcom Inc. | 45.25% | 45.00% | 45.19% | 44.23% | 42.84% | 40.47% | 37.37% | 34.35% | 31.03% | 28.16% | 24.83% | 20.81% | 16.80% | 15.27% | 14.85% | 15.90% | 15.24% | 18.15% | 20.70% | 22.28% | ||||||
| Intel Corp. | 0.17% | -6.86% | -7.01% | -6.16% | 3.70% | 12.16% | 18.88% | 25.87% | 24.62% | 25.93% | 26.00% | 26.17% | 30.41% | 31.49% | 32.90% | 32.88% | 30.62% | — | — | — | ||||||
| KLA Corp. | 38.06% | 39.00% | 39.86% | 40.05% | 39.67% | 39.30% | 38.90% | 37.26% | 35.97% | 34.43% | 28.42% | 27.28% | 25.87% | 23.51% | 26.24% | 27.73% | 30.41% | 35.25% | 39.18% | 38.92% | ||||||
| Lam Research Corp. | 29.69% | 30.76% | 31.76% | 31.71% | 31.24% | 31.18% | 31.60% | 31.06% | 30.64% | 29.55% | 28.68% | 28.02% | 26.62% | 26.37% | 25.20% | 25.40% | 25.53% | 26.90% | 28.19% | 28.47% | ||||||
| Micron Technology Inc. | -36.97% | -15.14% | 8.73% | 25.27% | 31.54% | 34.38% | 31.86% | 27.17% | 22.68% | 17.60% | 15.21% | 15.19% | 14.01% | 12.33% | 13.36% | 20.04% | 31.51% | 41.16% | 46.84% | 49.70% | ||||||
| NVIDIA Corp. | 15.66% | 20.79% | 26.93% | 33.69% | 37.31% | 35.34% | 33.36% | 28.62% | 27.18% | 27.17% | 27.13% | 29.41% | 26.07% | 21.46% | 22.40% | 26.72% | 32.47% | — | — | — | ||||||
| ON Semiconductor Corp. | 30.76% | 31.55% | 28.36% | 27.31% | 28.34% | 26.47% | 27.71% | 25.11% | 19.10% | 15.38% | 11.75% | 8.35% | 6.64% | 6.13% | 2.97% | 5.03% | 7.84% | — | — | — | ||||||
| Qualcomm Inc. | 21.74% | 26.03% | 30.91% | 33.66% | 35.88% | 35.82% | 32.65% | 30.88% | 29.16% | 31.74% | 30.35% | 29.04% | 26.58% | 17.52% | 32.49% | 32.59% | 31.59% | 24.99% | 9.05% | 6.62% | ||||||
| Texas Instruments Inc. | 41.85% | 44.03% | 46.54% | 48.77% | 50.63% | 51.84% | 51.52% | 50.55% | 48.84% | 47.02% | 45.19% | 42.73% | 40.76% | 38.81% | 38.79% | 39.58% | 39.79% | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Operating profit margin = 100
× (Income from operationsQ4 2023
+ Income from operationsQ3 2023
+ Income from operationsQ2 2023
+ Income from operationsQ1 2023)
÷ (Net revenuesQ4 2023
+ Net revenuesQ3 2023
+ Net revenuesQ2 2023
+ Net revenuesQ1 2023)
= 100 × (-10,231 + 117,989 + 170,320 + 167,663)
÷ (302,570 + 551,082 + 711,118 + 726,016)
= 19.46%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Enphase Energy Inc. operating profit margin ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
Net Profit Margin
Enphase Energy Inc., net profit margin calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Net income (loss) | 20,919) | 113,953) | 157,191) | 146,873) | 153,753) | 114,812) | 76,976) | 51,821) | 52,591) | 21,809) | 39,351) | 31,698) | 72,991) | 39,362) | (47,294) | 68,936) | 116,666) | 31,099) | 10,618) | 2,765) | ||||||
| Net revenues | 302,570) | 551,082) | 711,118) | 726,016) | 724,652) | 634,713) | 530,196) | 441,292) | 412,719) | 351,519) | 316,057) | 301,754) | 264,839) | 178,503) | 125,538) | 205,545) | 210,032) | 180,057) | 134,094) | 100,150) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| Net profit margin1 | 19.16% | 21.08% | 20.48% | 18.83% | 17.05% | 14.67% | 11.71% | 10.88% | 10.52% | 13.44% | 17.28% | 11.11% | 17.30% | 24.69% | 23.49% | 31.15% | 25.81% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 3.77% | 0.94% | -0.11% | 1.71% | 5.59% | 9.96% | 14.51% | 17.98% | 19.24% | 26.72% | 25.76% | 25.24% | 25.50% | 10.17% | 7.96% | 6.72% | 5.07% | — | — | — | ||||||
| Analog Devices Inc. | 26.94% | 29.23% | 28.16% | 27.27% | 22.88% | 17.00% | 16.84% | 15.18% | 19.00% | 26.15% | 25.16% | 23.99% | 21.79% | 20.14% | 20.05% | 21.06% | 22.75% | 24.71% | 25.18% | 25.42% | ||||||
| Applied Materials Inc. | 25.86% | 24.27% | 24.36% | 24.57% | 25.31% | 26.42% | 27.20% | 27.10% | 25.53% | 24.54% | 22.35% | 21.19% | 21.04% | 19.58% | 18.89% | 18.83% | 18.52% | 19.40% | 22.10% | 23.50% | ||||||
| Broadcom Inc. | 39.31% | 39.25% | 39.06% | 37.19% | 34.62% | 31.96% | 29.76% | 27.47% | 24.54% | 22.90% | 19.11% | 16.01% | 12.39% | 10.70% | 10.97% | 11.64% | 12.05% | 13.44% | 15.92% | 30.50% | ||||||
| Intel Corp. | 3.11% | -3.11% | -1.71% | -5.06% | 12.71% | 19.13% | 26.03% | 31.68% | 25.14% | 26.89% | 23.91% | 23.93% | 26.84% | 28.10% | 29.97% | 30.02% | 29.25% | — | — | — | ||||||
| KLA Corp. | 32.27% | 33.01% | 33.77% | 33.28% | 36.06% | 36.41% | 36.57% | 36.52% | 30.04% | 28.77% | 22.52% | 21.76% | 20.96% | 18.26% | 21.55% | 23.04% | 25.73% | 29.83% | 33.01% | 22.05% | ||||||
| Lam Research Corp. | 25.88% | 26.08% | 26.91% | 26.96% | 26.73% | 27.13% | 27.78% | 27.07% | 26.72% | 26.07% | 24.85% | 23.60% | 22.42% | 21.81% | 21.67% | 22.38% | 22.70% | 25.64% | 26.70% | 21.26% | ||||||
| Micron Technology Inc. | -37.54% | -16.02% | 6.99% | 22.78% | 28.24% | 30.61% | 28.95% | 24.86% | 21.16% | 16.20% | 13.60% | 13.59% | 12.54% | 11.16% | 11.72% | 17.01% | 26.97% | 37.36% | 43.56% | 46.82% | ||||||
| NVIDIA Corp. | 16.19% | 20.85% | 26.03% | 32.02% | 36.23% | 33.81% | 32.33% | 27.66% | 25.98% | 25.89% | 25.94% | 28.18% | 25.61% | 24.07% | 26.92% | 30.67% | 35.34% | — | — | — | ||||||
| ON Semiconductor Corp. | 26.46% | 26.69% | 23.41% | 21.98% | 22.85% | 21.36% | 22.60% | 20.13% | 14.98% | 10.61% | 8.85% | 6.19% | 4.46% | 3.87% | -0.37% | 1.55% | 3.84% | — | — | — | ||||||
| Qualcomm Inc. | 20.19% | 22.33% | 25.67% | 27.40% | 29.27% | 30.52% | 28.42% | 27.71% | 26.94% | 28.25% | 27.28% | 25.21% | 22.09% | 13.72% | 16.36% | 17.31% | 18.07% | 13.41% | 11.57% | 10.03% | ||||||
| Texas Instruments Inc. | 37.16% | 39.21% | 40.84% | 42.33% | 43.68% | 44.21% | 43.78% | 43.34% | 42.35% | 41.61% | 40.12% | 40.04% | 38.69% | 36.24% | 36.88% | 35.23% | 34.88% | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Net profit margin = 100
× (Net income (loss)Q4 2023
+ Net income (loss)Q3 2023
+ Net income (loss)Q2 2023
+ Net income (loss)Q1 2023)
÷ (Net revenuesQ4 2023
+ Net revenuesQ3 2023
+ Net revenuesQ2 2023
+ Net revenuesQ1 2023)
= 100 × (20,919 + 113,953 + 157,191 + 146,873)
÷ (302,570 + 551,082 + 711,118 + 726,016)
= 19.16%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Enphase Energy Inc. net profit margin ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
Return on Equity (ROE)
Enphase Energy Inc., ROE calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Net income (loss) | 20,919) | 113,953) | 157,191) | 146,873) | 153,753) | 114,812) | 76,976) | 51,821) | 52,591) | 21,809) | 39,351) | 31,698) | 72,991) | 39,362) | (47,294) | 68,936) | 116,666) | 31,099) | 10,618) | 2,765) | ||||||
| Stockholders’ equity (deficit) | 983,624) | 1,014,698) | 972,587) | 970,093) | 825,573) | 610,053) | 450,999) | 330,982) | 430,168) | 647,815) | 584,399) | 732,841) | 483,993) | 416,206) | 370,176) | 316,207) | 272,212) | 152,289) | 117,271) | 14,124) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| ROE1 | 44.62% | 56.35% | 58.88% | 50.76% | 48.13% | 48.55% | 45.05% | 50.02% | 33.81% | 25.60% | 31.38% | 13.20% | 27.69% | 42.69% | 45.76% | 71.89% | 59.20% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 1.53% | 0.38% | -0.05% | 0.72% | 2.41% | 4.17% | 5.67% | 6.13% | 42.18% | 55.62% | 48.63% | 44.51% | 42.66% | 22.73% | 18.43% | 16.04% | 12.06% | — | — | — | ||||||
| Analog Devices Inc. | 9.32% | 10.45% | 10.06% | 9.39% | 7.54% | 5.15% | 4.43% | 3.43% | 3.66% | 13.87% | 12.83% | 11.63% | 10.17% | 9.44% | 9.59% | 10.37% | 11.64% | 12.88% | 13.37% | 13.66% | ||||||
| Applied Materials Inc. | 41.94% | 42.69% | 45.93% | 48.06% | 53.51% | 55.06% | 58.35% | 55.09% | 48.08% | 44.00% | 36.95% | 33.62% | 34.21% | 33.30% | 32.31% | 32.64% | 32.94% | 35.53% | 42.51% | 48.11% | ||||||
| Broadcom Inc. | 58.70% | 63.03% | 62.20% | 54.90% | 50.62% | 48.50% | 42.58% | 34.09% | 26.99% | 24.94% | 20.40% | 16.49% | 12.40% | 10.54% | 10.48% | 10.83% | 10.92% | 13.91% | 15.66% | 27.99% | ||||||
| Intel Corp. | 1.60% | -1.61% | -0.91% | -2.91% | 7.90% | 13.32% | 18.88% | 23.87% | 20.83% | 23.42% | 21.78% | 23.30% | 25.79% | 29.44% | 28.85% | 29.78% | 27.16% | — | — | — | ||||||
| KLA Corp. | 116.01% | 130.76% | 136.01% | 156.01% | 237.04% | 77.19% | 73.76% | 70.61% | 61.53% | 59.60% | 46.59% | 46.99% | 45.65% | 44.35% | 42.61% | 42.32% | 44.21% | 45.86% | 88.93% | 58.52% | ||||||
| Lam Research Corp. | 54.94% | 58.49% | 61.71% | 65.45% | 73.35% | 75.35% | 70.88% | 73.28% | 64.85% | 64.42% | 53.86% | 48.15% | 43.53% | 46.21% | 47.26% | 43.02% | 46.89% | 50.48% | 50.17% | 43.65% | ||||||
| Micron Technology Inc. | -13.22% | -6.41% | 3.41% | 12.55% | 17.41% | 20.12% | 18.86% | 16.04% | 13.34% | 9.77% | 7.86% | 7.51% | 6.89% | 5.98% | 6.20% | 9.62% | 17.59% | 28.53% | 37.78% | 43.55% | ||||||
| NVIDIA Corp. | 19.76% | 27.90% | 32.45% | 35.93% | 36.65% | 34.49% | 33.48% | 28.37% | 25.64% | 24.95% | 24.36% | 25.34% | 22.91% | 21.50% | 26.53% | 33.91% | 44.33% | — | — | — | ||||||
| ON Semiconductor Corp. | 28.06% | 29.73% | 27.98% | 28.44% | 30.74% | 30.48% | 31.94% | 29.01% | 22.02% | 16.31% | 13.84% | 9.32% | 6.62% | 5.89% | -0.61% | 2.60% | 6.41% | — | — | — | ||||||
| Qualcomm Inc. | 33.51% | 41.68% | 53.52% | 62.58% | 71.81% | 80.15% | 83.73% | 88.12% | 90.88% | 112.56% | 108.05% | 91.17% | 85.54% | 83.00% | 132.94% | 94.02% | 89.35% | 62.00% | 63.55% | 59.64% | ||||||
| Texas Instruments Inc. | 38.53% | 42.70% | 48.22% | 54.16% | 60.02% | 61.52% | 60.86% | 58.62% | 58.27% | 60.23% | 60.30% | 60.73% | 60.90% | 59.78% | 66.05% | 64.31% | 56.33% | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
ROE = 100
× (Net income (loss)Q4 2023
+ Net income (loss)Q3 2023
+ Net income (loss)Q2 2023
+ Net income (loss)Q1 2023)
÷ Stockholders’ equity (deficit)
= 100 × (20,919 + 113,953 + 157,191 + 146,873)
÷ 983,624 = 44.62%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Enphase Energy Inc. ROE deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Return on Assets (ROA)
Enphase Energy Inc., ROA calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Net income (loss) | 20,919) | 113,953) | 157,191) | 146,873) | 153,753) | 114,812) | 76,976) | 51,821) | 52,591) | 21,809) | 39,351) | 31,698) | 72,991) | 39,362) | (47,294) | 68,936) | 116,666) | 31,099) | 10,618) | 2,765) | ||||||
| Total assets | 3,383,012) | 3,553,942) | 3,465,882) | 3,380,853) | 3,084,280) | 2,697,835) | 2,437,108) | 2,263,277) | 2,079,256) | 2,230,164) | 2,100,656) | 2,194,199) | 1,200,102) | 1,092,340) | 997,927) | 1,030,787) | 713,223) | 523,669) | 481,518) | 319,252) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| ROA1 | 12.97% | 16.09% | 16.52% | 14.56% | 12.88% | 10.98% | 8.34% | 7.32% | 7.00% | 7.44% | 8.73% | 4.41% | 11.17% | 16.27% | 16.98% | 22.05% | 22.59% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 1.26% | 0.31% | -0.04% | 0.58% | 1.95% | 3.35% | 4.64% | 5.07% | 25.46% | 35.59% | 32.14% | 28.70% | 27.78% | 12.52% | 9.25% | 8.30% | 5.66% | — | — | — | ||||||
| Analog Devices Inc. | 6.79% | 7.60% | 7.32% | 6.83% | 5.46% | 3.75% | 3.23% | 2.50% | 2.66% | 7.86% | 7.23% | 6.56% | 5.69% | 5.15% | 5.21% | 5.67% | 6.37% | 7.04% | 7.21% | 7.25% | ||||||
| Applied Materials Inc. | 22.31% | 21.19% | 22.31% | 23.07% | 24.41% | 25.40% | 26.54% | 25.76% | 22.80% | 21.68% | 18.40% | 16.55% | 16.19% | 15.05% | 13.37% | 14.30% | 14.22% | 15.34% | 18.57% | 20.87% | ||||||
| Broadcom Inc. | 19.33% | 19.44% | 19.10% | 17.54% | 15.69% | 14.20% | 12.45% | 10.69% | 8.91% | 8.00% | 6.47% | 5.14% | 3.90% | 3.13% | 3.08% | 3.26% | 4.04% | 4.29% | 4.90% | 9.01% | ||||||
| Intel Corp. | 0.88% | -0.87% | -0.50% | -1.54% | 4.40% | 7.61% | 11.21% | 13.96% | 11.80% | 12.56% | 12.00% | 12.35% | 13.65% | 15.11% | 15.51% | 15.39% | 15.42% | — | — | — | ||||||
| KLA Corp. | 24.07% | 25.64% | 25.79% | 24.99% | 26.37% | 26.21% | 25.57% | 24.46% | 20.23% | 18.68% | 13.93% | 13.85% | 13.11% | 11.57% | 12.30% | 12.20% | 13.05% | 14.22% | 25.35% | 16.25% | ||||||
| Lam Research Corp. | 24.02% | 25.55% | 26.68% | 25.91% | 26.78% | 27.37% | 27.51% | 27.40% | 24.59% | 22.64% | 19.28% | 17.33% | 15.47% | 16.21% | 17.37% | 17.21% | 18.26% | 20.71% | 26.95% | 21.20% | ||||||
| Micron Technology Inc. | -9.08% | -4.43% | 2.42% | 9.11% | 13.11% | 15.18% | 14.17% | 12.02% | 9.96% | 7.38% | 5.91% | 5.59% | 5.01% | 4.35% | 4.63% | 7.07% | 12.91% | 21.77% | 27.50% | 33.08% | ||||||
| NVIDIA Corp. | 10.61% | 14.71% | 17.80% | 20.92% | 22.07% | 20.20% | 18.32% | 17.30% | 15.05% | 14.23% | 13.46% | 14.27% | 16.15% | 15.25% | 18.56% | 23.47% | 31.15% | — | — | — | ||||||
| ON Semiconductor Corp. | 16.52% | 16.76% | 15.31% | 14.94% | 15.88% | 15.53% | 15.96% | 14.20% | 10.49% | 7.52% | 6.09% | 3.92% | 2.70% | 2.18% | -0.21% | 0.89% | 2.51% | — | — | — | ||||||
| Qualcomm Inc. | 14.17% | 17.58% | 21.80% | 23.54% | 26.39% | 27.35% | 25.19% | 23.32% | 21.93% | 23.74% | 21.58% | 17.95% | 14.60% | 8.49% | 12.67% | 12.81% | 13.31% | 9.92% | 7.22% | 6.30% | ||||||
| Texas Instruments Inc. | 20.12% | 22.44% | 24.85% | 28.25% | 32.16% | 34.25% | 34.69% | 32.51% | 31.48% | 31.45% | 32.64% | 31.44% | 28.91% | 27.34% | 28.94% | 28.78% | 27.84% | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
ROA = 100
× (Net income (loss)Q4 2023
+ Net income (loss)Q3 2023
+ Net income (loss)Q2 2023
+ Net income (loss)Q1 2023)
÷ Total assets
= 100 × (20,919 + 113,953 + 157,191 + 146,873)
÷ 3,383,012 = 12.97%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Enphase Energy Inc. ROA deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |