ENLTNasdaqElectric ServicesFiscal year ends December 31
Enlight Renewable Energy Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 30, 2026
$68.03−1.66 (-2.38%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 68.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
72.5%+15.1 pts over 5 years
Operating margin
68.0%+27.6 pts over 5 years
Net margin
27.0%+89.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +29.3% | +36.5% | +47.4% | – | |
| Gross profit | +19.2% | +47.1% | +54.4% | – | |
| Operating income | +89.2% | +54.2% | +63.6% | – | |
| Net income | +198.8% | +74.8% | – | – | |
| EPS, diluted | +177.8% | +58.7% | – | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 9.2% | |
| Return on assets | – | – | 1.9% | |
| Current ratio | – | – | 0.67 | |
| Interest coverage | – | 0.9× | 2.0× | |
| Capex to revenue | – | 486.2% | 371.0% | |
| Diluted shares | – | 78M | 133M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Enlight Renewable Energy generated $871.93M from operations and spent $4.59B on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$871.93M
Used
$4.59B
Capital expenditure$4.59B100%Dividends$00%Share buybacks$1.75M0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin27.0%
×Asset turnover0.07×
×Equity multiplier4.94×
=Return on equity, FY20259.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 27.0% | 0.07× | 4.94× | 9.2% |
| FY2024 | 11.7% | 0.07× | 4.33× | 3.8% |
| FY2023 | 27.7% | 0.06× | 4.14× | 7.2% |
| FY2022 | 12.9% | 0.06× | 4.76× | 3.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$132.10M
- Cash generatingOperating cash flow above zero$282.65M
- Return on assets improvedROA up on the prior year1.0% → 2.4%
- Earnings backed by cashOperating cash flow above net income$282.65M vs $132.10M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.20 → 0.67
- No dilutionShare count did not rise123M → 133M
- Gross margin improvedGross margin up on the prior year78.65% → 72.50%
- More efficientAsset turnover rose0.08 → 0.09