Net margin is calculated as Net Income divided by its Revenue. Enphase Energy's Net Income for the
three
months ended in Mar. 2026 was $-7 Mil. Enphase Energy's Revenue for the
three
months ended in Mar. 2026 was $283 Mil. Therefore, Enphase Energy's net margin for the quarter that ended in Mar. 2026 was -2.62%.
The historical rank and industry rank for Enphase Energy's Net Margin % or its related term are showing as below:
ENPH'
s Net Margin % Range Over the Past 10 Years
Min: -20.91 Med: 11.11 Max: 25.81
Current: 9.64
ENPH's Net Margin % is ranked better than 65.98% of 1023
companies
in the Semiconductors industry
Industry Median: 4.17
vs ENPH: 9.64
Enphase Energy (NAS:ENPH) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Enphase Energy Net Margin % Related Terms
Enphase Energy Net Margin % Historical Data
* Premium members only.
The historical data trend for Enphase Energy's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Solar subindustry, Enphase Energy's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Enphase Energy Net Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Enphase Energy's Net Margin % distribution charts can be found below:
* The bar in red indicates where Enphase Energy's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enphase Energy (ENPH) has a Net Margin % of -2.62% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Enphase Energy and its competitors. According to the industry distribution chart, Enphase Energy ranks #348 out of 1023 companies in the Semiconductors industry, placing it in the top 34%.
Is Enphase Energy's Net Margin % too high?
Enphase Energy's current Net Margin % is -2.62%. Based on the distribution chart, Enphase Energy ranks #348 out of 1023 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Enphase Energy has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enphase Energy's Net Margin % compare to SEDG and RUN?
According to the Semiconductors industry distribution chart, Enphase Energy ranks #348 out of 1023 companies for Net Margin %. This puts Enphase Energy in the upper half of its industry. The industry median Net Margin % is 4.17. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Semiconductors company?
The median Net Margin % among Semiconductors companies is 4.17, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Enphase Energy and its competitors. For the Semiconductors industry, the median Net Margin % is 4.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enphase Energy's current Net Margin % is -2.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enphase Energy stock overvalued right now?
Based on GuruFocus' analysis, Enphase Energy (ENPH) is currently considered Modestly Undervalued. The stock's GF Value™ is $62.55, compared to a current price of $47.21 — trading 24.5% below its estimated fair value. The current Net Margin % is -2.62%. Enphase Energy's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Enphase Energy (ENPH), the current Net Margin % is -2.62% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Enphase Energy (ENPH) Overvalued in 2026?
Based on GuruFocus' analysis, Enphase Energy stock appears to be undervalued.
The current stock price of $47.21 is trading 24.5% below its estimated GF Value™ of $62.55.
GuruFocus considers Enphase Energy to be Modestly Undervalued.
Key valuation signals for ENPH:
Net Margin %: -2.62%
GF Value™: $62.55 vs. price of $47.21 (24.5% below fair value)
No single metric tells the full story. See the ENPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enphase Energy is a global energy technology company. It delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Enphase derives a majority of revenue from the United States.
76GF Score
Get the complete analysis for ENPH
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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