Enphase Energy Inc (ENPH) — Cash Flow Quality Index
Enphase Energy Inc (ENPH) has a Cash Flow Quality Index of 1.23x as of December 2025. Operating cash flow of $47.58 Million exceeds net income of $38.71 Million, indicating high earnings quality where cash backs reported profits. Explore how well can Enphase Energy Inc service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Enphase Energy Inc Cash Flow Quality Index (2019–2025)
Historical Cash Flow Quality Index for Enphase Energy Inc across 7 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see ENPH cash flow metrics.
Annual Cash Flow Quality Index for Enphase Energy Inc (2019–2025)
Year-by-year earnings quality comparison for Enphase Energy Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.79x | $136.54 Million | $172.13 Million | ▼ -84.1% |
| 2024 | 5.00x | $513.69 Million | $102.66 Million | ▲ +215.2% |
| 2023 | 1.59x | $696.78 Million | $438.94 Million | ▼ -15.3% |
| 2022 | 1.87x | $744.82 Million | $397.36 Million | ▼ -22.6% |
| 2021 | 2.42x | $352.03 Million | $145.45 Million | ▲ +49.9% |
| 2020 | 1.61x | $216.33 Million | $134.00 Million | ▲ +87.1% |
| 2019 | 0.86x | $139.07 Million | $161.15 Million | — |