Enphase Energy Inc (ENPH) — Capital Reinvestment Ratio
Enphase Energy Inc (ENPH) has a Capital Reinvestment Ratio of 0.19x as of March 2026, meaning it reinvests 0% of its operating cash flow ($102.87 Million) in capital expenditures ($19.90 Million). Check ENPH tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Enphase Energy Inc Capital Reinvestment Ratio (2014–2025)
This chart tracks Enphase Energy Inc's Capital Reinvestment Ratio across 9 annual periods. For the full cash flow conversion analysis, see Enphase Energy Inc (ENPH) cash conversion ratio.
Annual Capital Reinvestment Ratio for Enphase Energy Inc (2014–2025)
Year-by-year Capital Reinvestment Ratio for Enphase Energy Inc from 2014 to 2025. See ENPH free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.30x | $136.54 Million | $40.64 Million | ▲ +355.0% |
| 2024 | 0.07x | $513.69 Million | $33.60 Million | ▼ -58.7% |
| 2023 | 0.16x | $696.78 Million | $110.40 Million | ▲ +154.1% |
| 2022 | 0.06x | $744.82 Million | $46.44 Million | ▼ -58.2% |
| 2021 | 0.15x | $352.03 Million | $52.51 Million | ▲ +57.0% |
| 2020 | 0.10x | $216.33 Million | $20.56 Million | ▼ -10.6% |
| 2019 | 0.11x | $139.07 Million | $14.79 Million | ▼ -58.7% |
| 2018 | 0.26x | $16.13 Million | $4.15 Million | ▼ -55.5% |
| 2014 | 0.58x | $24.22 Million | $14.00 Million | — |