• Enphase Energy average ebitda margin for 2023 was 23.43%, a 23.38% decline from 2022.
• Enphase Energy average ebitda margin for 2022 was 18.99%, a 16.38% increase from 2021.
• Enphase Energy average ebitda margin for 2021 was 22.71%, a 0.96% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.