---
title: "Enphase 能源 (ENPH.US) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/ENPH.US/norm.md"
symbol: "ENPH.US"
name: "Enphase 能源"
parent: "https://longbridge.com/zh-HK/quote/ENPH.US.md"
datetime: "2026-05-20T15:27:00.523Z"
locales:
  - [en](https://longbridge.com/en/quote/ENPH.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/ENPH.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/ENPH.US/norm.md)
---

# Enphase 能源 (ENPH.US) — 財務報表

## 損益表 (USD)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 每股收益 | -0.0564 | 0.2956 | 0.5029 | 0.2786 | 0.2227 |
| ROE | -2.71% | 14.87% | 28.42% | 17.53% | 14.47% |
| 營業收入 | 282.90M | 343.32M | 410.43M | 363.15M | 356.08M |
| 凈利潤 | -7.41M | 38.71M | 66.64M | 37.05M | 29.73M |
| 營業利潤 | -25.82M | 21.80M | 67.45M | 40.33M | 35.08M |
| 毛利率 | 35.49% | 27.85% | 31.34% | 30.15% | 47.25% |
| 凈利率 | -2.62% | 11.28% | 16.24% | 10.20% | 8.35% |
| 利潤含金量 | -25.10% | 45.81% | 484.60% | 151.45% | 72.47% |

## 資產負債表 (USD)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 資產與負債 | 2.72B | 3.51B | 3.32B | 3.18B | 3.11B |
| 權益乘數 | 2.47 | 3.23 | 3.34 | 3.61 | 3.83 |
| 每股凈資產 | 8.36 | 8.29 | 7.60 | 6.74 | 6.18 |
| 資產周轉率 | 0.4802 | 0.4358 | 0.4594 | 0.4674 | 0.4490 |
| 現金及短投 | 930.64M | 1.51B | 1.48B | 1.53B | 1.47B |
| 存貨與應收 | 290.70M | 288.05M | 188.65M | 173.02M | 144.03M |
| 長期投資 | 173.67M | 153.88M | 155.34M | 162.68M | 170.17M |
| 凈債務 | -318.51M | -269.07M | -244.30M | -295.45M | -232.25M |

## 現金流量表 (USD)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 經營現金流 | 102.87M | 47.58M | 13.92M | 26.63M | 48.41M |
| 投資現金流 | 576.38M | 23.51M | 21.41M | -51.19M | 113.06M |
| 融資現金流 | -651.19M | 1.78M | -1.68M | -27.55M | -214.18M |
| 自由現金流 | 79.57M | -14.63M | -40.98M | 65.43M | 26.45M |
| 現金流充裕率 | 15.77% | 488.49% | 173.28% | 322.42% | 41.46% |
| 舉債與償債 | - | - | - | - | - |
| 資本支出 | -19.90M | -9.74M | -8.03M | -8.26M | -14.61M |