• Enphase Energy average operating margin for 2024 was 6.56%, a 69.4% increase from 2023.
• Enphase Energy average operating margin for 2023 was 21.44%, a 31.61% decline from 2022.
• Enphase Energy average operating margin for 2022 was 16.29%, a 20.11% increase from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.