Return On Equity	(Dec 31 2025) 2025	(Dec 31 2024) 2024	(Dec 31 2023) 2023	(Dec 31 2022) 2022	(Dec 31 2021) 2021
Y / Y Equity Change	30.49 %	-15.31 %	19.14 %	91.92 %	-11.12 %
Y / Y Net Income Change	67.68 %	-76.61 %	10.46 %	173.2 %	8.55 %
Return On Equity	15.84 %	12.32 %	44.62 %	48.13 %	33.81 %

ENPH all Ratios >> Back to ENPH Management Effectiveness >> See Quarterly ENPH Return On Equity

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Roe Comment

In (Dec 31 2025) ROE improved to 15.84 % compare to previous year, due to net income growth.

Financial Statements
Enphase Energy Inc 's Equity	$ 1,087 Millions	Annual ENPH's Balance sheet
Enphase Energy Inc 's Annual Income	$ 172 Millions	Annual ENPH's Income Statement
Where are ENPH's Income coming from?		Visit ENPH's Income by Segment

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