• Enphase Energy average net profit margin for 2023 was 19.9%, a 46.22% decline from 2022.
• Enphase Energy average net profit margin for 2022 was 13.61%, a 3.97% increase from 2021.
• Enphase Energy average net profit margin for 2021 was 13.09%, a 45.89% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.