Enphase Gross Profit vs Operating Income Analysis

ENPH Stock

USD 114.32 2.53 2.17%

Enphase Energy financial indicator trend analysis is much more than just examining Enphase Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enphase Energy is a good investment. Please check the relationship between Enphase Energy Gross Profit and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enphase Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in Enphase Stock please use our How to Invest in Enphase Energy guide.

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enphase Energy Gross Profit account and Operating Income. At this time, the significance of the direction appears to have totally related.

The correlation between Enphase Energy's Gross Profit and Operating Income is 0.99. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Enphase Energy, assuming nothing else is changed. The correlation between historical values of Enphase Energy's Gross Profit and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Enphase Energy are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Gross Profit i.e., Enphase Energy's Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Enphase Energy minus its cost of goods sold. It is profit before Enphase Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Enphase Energy operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Enphase Energy is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Enphase Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enphase Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enphase Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in Enphase Stock please use our How to Invest in Enphase Energy guide.As of now, Enphase Energy's Selling General Administrative is increasing as compared to previous years. The Enphase Energy's current Tax Provision is estimated to increase to about 102.2 M, while Enterprise Value Over EBITDA is projected to decrease to 24.01.

	2021	2022	2023	2024 (projected)
Interest Expense	45.2M	9.4M	8.8M	9.5M
Depreciation And Amortization	33.1M	74.8M	74.7M	78.4M

Interest Expense Depreciation And Amortization

Enphase Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Liab	Other Assets
Common Stock Shares Outstanding		0.67	0.65	0.65	0.82	0.65	0.58	0.75	0.45	-0.01	0.82	0.75	0.66	0.51	0.66	0.72	0.6	0.51	0.71	0.79	0.67	0.44	0.67	0.52	0.68	0.71
Total Assets	0.67		0.99	0.99	0.93	0.98	0.98	0.93	0.89	0.49	0.95	0.54	1.0	0.1	1.0	0.99	0.99	0.96	0.89	0.96	1.0	0.91	1.0	0.18	0.99	0.99
Short Long Term Debt Total	0.65	0.99		0.98	0.91	0.95	0.96	0.88	0.94	0.41	0.95	0.47	0.99	0.04	0.99	0.99	0.99	0.93	0.84	0.95	1.0	0.88	0.99	0.15	0.98	0.98
Other Current Liab	0.65	0.99	0.98		0.91	0.96	0.96	0.89	0.9	0.49	0.94	0.52	0.98	0.08	0.99	0.99	0.98	0.95	0.86	0.94	0.99	0.88	0.99	0.14	0.98	0.97
Total Current Liabilities	0.82	0.93	0.91	0.91		0.93	0.87	0.87	0.71	0.41	0.96	0.78	0.91	0.15	0.94	0.94	0.86	0.82	0.82	0.93	0.92	0.75	0.93	0.52	0.91	0.94
Total Stockholder Equity	0.65	0.98	0.95	0.96	0.93		0.97	0.93	0.81	0.6	0.92	0.62	0.97	0.1	0.99	0.97	0.95	0.95	0.91	0.93	0.97	0.92	0.99	0.24	0.98	0.98
Property Plant And Equipment Net	0.58	0.98	0.96	0.96	0.87	0.97		0.9	0.89	0.52	0.9	0.44	0.98	0.04	0.97	0.96	0.97	0.99	0.88	0.94	0.97	0.97	0.98	0.09	0.98	0.97
Current Deferred Revenue	0.75	0.93	0.88	0.89	0.87	0.93	0.9		0.76	0.44	0.91	0.56	0.93	0.4	0.91	0.93	0.9	0.88	0.98	0.93	0.92	0.86	0.92	0.13	0.94	0.95
Net Debt	0.45	0.89	0.94	0.9	0.71	0.81	0.89	0.76		0.28	0.83	0.14	0.91	-0.04	0.88	0.89	0.95	0.88	0.72	0.85	0.92	0.84	0.89	-0.15	0.88	0.87
Retained Earnings	-0.01	0.49	0.41	0.49	0.41	0.6	0.52	0.44	0.28		0.27	0.42	0.46	-0.26	0.52	0.41	0.44	0.56	0.44	0.27	0.44	0.56	0.51	0.09	0.47	0.47
Accounts Payable	0.82	0.95	0.95	0.94	0.96	0.92	0.9	0.91	0.83	0.27		0.61	0.95	0.26	0.95	0.98	0.93	0.86	0.87	0.98	0.96	0.79	0.95	0.31	0.95	0.96
Cash	0.75	0.54	0.47	0.52	0.78	0.62	0.44	0.56	0.14	0.42	0.61		0.5	0.22	0.57	0.55	0.39	0.39	0.52	0.56	0.5	0.32	0.55	0.82	0.52	0.57
Non Current Assets Total	0.66	1.0	0.99	0.98	0.91	0.97	0.98	0.93	0.91	0.46	0.95	0.5		0.12	0.99	0.99	0.99	0.96	0.9	0.96	1.0	0.92	1.0	0.13	0.99	0.99
Non Currrent Assets Other	0.51	0.1	0.04	0.08	0.15	0.1	0.04	0.4	-0.04	-0.26	0.26	0.22	0.12		0.06	0.15	0.08	0.04	0.45	0.23	0.1	0.03	0.09	-0.05	0.16	0.17
Cash And Short Term Investments	0.66	1.0	0.99	0.99	0.94	0.99	0.97	0.91	0.88	0.52	0.95	0.57	0.99	0.06		0.99	0.98	0.95	0.87	0.95	0.99	0.9	1.0	0.22	0.99	0.99
Net Receivables	0.72	0.99	0.99	0.99	0.94	0.97	0.96	0.93	0.89	0.41	0.98	0.55	0.99	0.15	0.99		0.98	0.94	0.9	0.98	1.0	0.88	0.99	0.2	0.99	0.99
Non Current Liabilities Total	0.6	0.99	0.99	0.98	0.86	0.95	0.97	0.9	0.95	0.44	0.93	0.39	0.99	0.08	0.98	0.98		0.96	0.87	0.94	0.99	0.92	0.98	0.03	0.98	0.97
Inventory	0.51	0.96	0.93	0.95	0.82	0.95	0.99	0.88	0.88	0.56	0.86	0.39	0.96	0.04	0.95	0.94	0.96		0.87	0.89	0.95	0.98	0.96	0.01	0.97	0.94
Other Current Assets	0.71	0.89	0.84	0.86	0.82	0.91	0.88	0.98	0.72	0.44	0.87	0.52	0.9	0.45	0.87	0.9	0.87	0.87		0.9	0.88	0.86	0.89	0.07	0.91	0.92
Other Stockholder Equity	0.79	0.96	0.95	0.94	0.93	0.93	0.94	0.93	0.85	0.27	0.98	0.56	0.96	0.23	0.95	0.98	0.94	0.89	0.9		0.96	0.85	0.96	0.25	0.96	0.97
Total Liab	0.67	1.0	1.0	0.99	0.92	0.97	0.97	0.92	0.92	0.44	0.96	0.5	1.0	0.1	0.99	1.0	0.99	0.95	0.88	0.96		0.9	1.0	0.15	0.99	0.99
Property Plant And Equipment Gross	0.44	0.91	0.88	0.88	0.75	0.92	0.97	0.86	0.84	0.56	0.79	0.32	0.92	0.03	0.9	0.88	0.92	0.98	0.86	0.85	0.9		0.91	-0.03	0.93	0.9
Total Current Assets	0.67	1.0	0.99	0.99	0.93	0.99	0.98	0.92	0.89	0.51	0.95	0.55	1.0	0.09	1.0	0.99	0.98	0.96	0.89	0.96	1.0	0.91		0.19	0.99	0.99
Short Term Debt	0.52	0.18	0.15	0.14	0.52	0.24	0.09	0.13	-0.15	0.09	0.31	0.82	0.13	-0.05	0.22	0.2	0.03	0.01	0.07	0.25	0.15	-0.03	0.19		0.15	0.21
Other Liab	0.68	0.99	0.98	0.98	0.91	0.98	0.98	0.94	0.88	0.47	0.95	0.52	0.99	0.16	0.99	0.99	0.98	0.97	0.91	0.96	0.99	0.93	0.99	0.15		0.99
Other Assets	0.71	0.99	0.98	0.97	0.94	0.98	0.97	0.95	0.87	0.47	0.96	0.57	0.99	0.17	0.99	0.99	0.97	0.94	0.92	0.97	0.99	0.9	0.99	0.21	0.99

Click cells to compare fundamentals

Enphase Energy Account Relationship Matchups

Enphase Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	131.6M	141.9M	142.9M	144.4M	143.3M	78.6M
Total Assets	713.2M	1.2B	2.1B	3.1B	3.4B	3.6B
Short Long Term Debt Total	105.5M	330.9M	1.0B	1.3B	1.3B	1.4B
Other Current Liab	57.2M	87.8M	177.3M	331.5M	292.8M	307.4M
Total Current Liabilities	199.3M	534.0M	439.8M	638.2M	532.4M	559.1M
Total Stockholder Equity	272.2M	484.0M	430.2M	825.6M	983.6M	1.0B
Property Plant And Equipment Net	39.1M	60.7M	96.6M	132.7M	188.1M	197.5M
Current Deferred Revenue	81.8M	47.7M	62.7M	90.7M	118.3M	124.2M
Net Debt	(145.9M)	(348.5M)	918.3M	817.1M	1.0B	1.1B
Retained Earnings	(185.2M)	(51.2M)	(405.7M)	17.3M	46.3M	48.6M
Accounts Payable	57.5M	72.6M	113.8M	125.1M	116.2M	122.0M
Cash	251.4M	679.4M	119.3M	473.2M	288.7M	162.8M
Non Current Assets Total	213.6M	267.0M	616.8M	820.0M	939.5M	986.5M
Non Currrent Assets Other	44.6M	7.9M	8.1M	11.5M	11.9M	11.2M
Cash And Short Term Investments	251.4M	679.4M	1.0B	1.6B	1.7B	1.8B
Net Receivables	145.4M	182.2M	333.6M	440.9M	446.0M	468.3M
Liabilities And Stockholders Equity	713.2M	1.2B	2.1B	3.1B	3.4B	3.6B
Non Current Liabilities Total	241.7M	182.1M	1.2B	1.6B	1.9B	2.0B
Inventory	32.1M	41.8M	74.4M	149.7M	213.6M	224.3M
Other Current Assets	70.8M	29.8M	37.8M	60.8M	88.9M	93.4M
Other Stockholder Equity	458.3M	534.7M	837.9M	819.1M	939.3M	986.3M
Total Liab	441.0M	716.1M	1.6B	2.3B	2.4B	2.5B
Property Plant And Equipment Gross	39.1M	60.7M	96.6M	132.7M	325.5M	341.8M
Total Current Assets	499.7M	933.1M	1.5B	2.3B	2.4B	2.6B
Accumulated Other Comprehensive Income	(923K)	434K	(2.0M)	(10.9M)	(2.0M)	(2.1M)
Short Term Debt	2.9M	326.0M	86.1M	90.9M	5.2M	5.0M
Other Liab	129.5M	162.0M	257.7M	401.9M	462.2M	485.3M
Other Assets	119.2M	147.8M	241.2M	317.4M	365.0M	383.2M
Long Term Debt	102.7M	4.9M	951.6M	1.2B	1.3B	1.4B
Intangible Assets	30.6M	28.8M	97.8M	99.5M	68.5M	72.0M
Property Plant Equipment	28.9M	43.0M	96.6M	111.4M	128.1M	134.5M
Net Tangible Assets	216.9M	430.4M	151.2M	512.5M	589.3M	618.8M
Retained Earnings Total Equity	(185.2M)	(51.2M)	(405.7M)	17.3M	15.6M	16.4M
Capital Surpluse	458.3M	534.7M	837.9M	819.1M	942.0M	989.1M
Non Current Liabilities Other	11.8M	17.0M	16.5M	43.5M	51.0M	26.4M
Short Long Term Debt	2.9M	326.0M	86.1M	90.9M	104.5M	80.0M

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When determining whether Enphase Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enphase Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enphase Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enphase Energy Stock:

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Is Enphase Stock a good investment?

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What is Enphase Energy's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enphase Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in Enphase Stock please use our How to Invest in Enphase Energy guide.

You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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When running Enphase Energy's price analysis, check to measure Enphase Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enphase Energy is operating at the current time. Most of Enphase Energy's value examination focuses on studying past and present price action to predict the probability of Enphase Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enphase Energy's price. Additionally, you may evaluate how the addition of Enphase Energy to your portfolios can decrease your overall portfolio volatility.

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Is Enphase Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enphase Energy. If investors know Enphase will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enphase Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.87)

Earnings Share

1.94

Revenue Per Share

13.425

Quarterly Revenue Growth

(0.64)

Return On Assets

0.0503

The market value of Enphase Energy is measured differently than its book value, which is the value of Enphase that is recorded on the company's balance sheet. Investors also form their own opinion of Enphase Energy's value that differs from its market value or its book value, called intrinsic value, which is Enphase Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enphase Energy's market value can be influenced by many factors that don't directly affect Enphase Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Enphase Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enphase Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enphase Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Enphase Gross Profit vs Operating Income Analysis

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

Correlation Coefficient

Gross Profit

Operating Income

Enphase Energy fundamental ratios Correlations

Enphase Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enphase Energy fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Non Current Assets Total

Non Currrent Assets Other	- 0.26	Retained Earnings
Short Term Debt	- 0.15	Net Debt
Short Term Debt	- 0.05	Non Currrent Assets Other
Non Currrent Assets Other	- 0.04	Net Debt
Short Term Debt	- 0.03	Property Plant And Equipment Gross
Retained Earnings	- 0.01	Common Stock Shares Outstanding