Enphase Energy Inc (ENPH) — Cash Flow Reinvestment Rate
Enphase Energy Inc (ENPH) has a Cash Flow Reinvestment Rate of 6.00x as of March 2026, reinvesting $617.18 Million (capex $19.90 Million plus investments $597.28 Million) from operating cash flow of $102.87 Million. See Enphase Energy Inc free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Enphase Energy Inc Cash Flow Reinvestment Rate (2014–2025)
Historical reinvestment intensity for Enphase Energy Inc across 9 annual periods. For the full cash flow conversion analysis, see Enphase Energy Inc (ENPH) cash flow conversion.
Annual Cash Flow Reinvestment Rate for Enphase Energy Inc (2014–2025)
Year-by-year capital reinvestment analysis for Enphase Energy Inc. See Enphase Energy Inc (ENPH) financial flexibility to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.82x | $247.87 Million | $136.54 Million | $40.64 Million | ▲ +476.1% |
| 2024 | 0.32x | $161.87 Million | $513.69 Million | $33.60 Million | ▼ -67.3% |
| 2023 | 0.96x | $670.92 Million | $696.78 Million | $110.40 Million | ▲ +144.2% |
| 2022 | 0.39x | $293.74 Million | $744.82 Million | $46.44 Million | ▼ -85.9% |
| 2021 | 2.79x | $983.89 Million | $352.03 Million | $52.51 Million | ▲ +2264.8% |
| 2020 | 0.12x | $25.57 Million | $216.33 Million | $20.56 Million | ▼ -44.4% |
| 2019 | 0.21x | $29.58 Million | $139.07 Million | $14.79 Million | ▼ -85.3% |
| 2018 | 1.44x | $23.30 Million | $16.13 Million | $4.15 Million | ▲ +149.9% |
| 2014 | 0.58x | $14.00 Million | $24.22 Million | $14.00 Million | — |