• Enphase Energy average pre-tax profit margin for 2023 was 23.19%, a 52.67% decline from 2022.
• Enphase Energy average pre-tax profit margin for 2022 was 15.19%, a 44.25% increase from 2021.
• Enphase Energy average pre-tax profit margin for 2021 was 10.53%, a 27.98% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.