ENPH Cash Flow Statement

Enphase Energy Inc - Operating, Investing & Free Cash Flow Analysis

Operating Cash Flow

$136.54M

-73.4% YoY

Free Cash Flow

$177.18M

FCF per Share

3.20% yield

CapEx

$40.64M

Operating Activities

Cash generated from core business operations

Net Cash from Operations

Primary cash generation

$136.54M

Net Income (Starting Point)$172.13M

+ Depreciation & Amortization$80.64M

Investing Activities

Cash used for investments and capital expenditures

Net Cash from Investing

Total investing activities

$106.79M

Capital Expenditures (CapEx)$40.64M

Financing Activities

Cash from financing activities including debt, equity, and dividends

Net Cash from Financing

Total financing activities

($241.62M)

Free Cash Flow (FCF) Calculation

Operating Cash Flow$136.54M

- Capital Expenditures$40.64M

= Free Cash Flow$177.18M

Cash Flow Trends (Annual)

Period	Operating CF	Investing CF	Financing CF	Free CF
2025-12-31	$136.54M	$106.79M	($241.62M)	$177.18M
2024-12-31	$513.69M	$128.27M	($460.27M)	-
2024-12-31	$513.69M	$128.27M	($460.27M)	$547.30M
2023-12-31	$696.78M	($366.36M)	($516.77M)	-
2023-12-31	$696.78M	($366.36M)	($516.77M)	$807.18M

View Complete Financial Analysis

Full income statements, balance sheets, and detailed cash flow analysis

Open Full Analysis

Frequently Asked Questions

What is ENPH free cash flow?

ENPH's most recent free cash flow (FCF) is $177.18M. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is available for dividends, buybacks, or debt reduction.

What is ENPH operating cash flow?

ENPH generated $136.54M in operating cash flow in the most recent period. Operating cash flow shows the cash generated from core business operations.

What is ENPH FCF per share?

FCF per share can be calculated by dividing free cash flow by shares outstanding.

Is ENPH cash flow growing?

ENPH's operating cash flow declined by 73.4% year-over-year.

What is ENPH FCF yield?

ENPH has a free cash flow yield of 3.20%, calculated as free cash flow divided by market capitalization. A higher FCF yield may indicate better value.

What is ENPH capital expenditure?

ENPH spent $40.64M on capital expenditures (CapEx) in the most recent period. CapEx represents investments in property, plant, and equipment.