SEDGNasdaqSemiconductors & Related DevicesFiscal year ends December 31
SOLAREDGE TECHNOLOGIES, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$31.06−0.30 (-0.96%)
Close on Oct 19, 2026
- Market cap
- $1.90B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2025
Gross margin
16.6%−15.0 pts over 5 years
Operating margin
-25.5%−35.2 pts over 5 years
Net margin
-34.2%−43.8 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 | +31.4% | -27.5% | -4.1% | +13.8% | |
| Gross profit | – | -38.5% | -15.7% | +9.1% | |
| Free cash flow | – | – | -3.4% | +75.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 133.5% | 14.8% | -74.7% | |
| Return on assets | 11.1% | 7.1% | -16.8% | |
| Current ratio | 2.75 | 3.94 | 2.17 | |
| Interest coverage | 89.4× | 26.7× | -219.2× | |
| Inventory turnover | 4.9× | 4.0× | 1.6× | |
| Capex to revenue | 3.6% | 8.7% | 2.0% | |
| Diluted shares | 15M | 53M | 59M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Solaredge Technologies generated $843.11M from operations and spent $670.94M on capital expenditure, dividends and share buybacks. 93% of that went back into the business.
Generated
$843.11M
Used
$670.94M
Capital expenditure$620.75M93%Dividends$00%Share buybacks$50.19M7%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-34.2%
×Asset turnover0.49×
×Equity multiplier4.45×
=Return on equity, FY2025-74.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -34.2% | 0.49× | 4.45× | -74.7% |
| FY2024 | -200.4% | 0.25× | 2.36× | -117.7% |
| FY2023 | 1.2% | 0.67× | 1.93× | 1.5% |
| FY2022 | 14.2% | 0.87× | 2.06× | 25.3% |
| FY2021 | 8.6% | 0.74× | 2.23× | 14.1% |
| FY2020 | 9.6% | 0.74× | 2.07× | 14.8% |
| FY2019 | 10.3% | 1.16× | 1.79× | 21.3% |
| FY2016 | 15.6% | 1.39× | 1.66× | 36.2% |
| FY2015 | 6.5% | 1.71× | 12.03× | 133.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$405.45M
- Cash generatingOperating cash flow above zero$104.26M
- Return on assets improvedROA up on the prior year-39.4% → -15.3%
- Earnings backed by cashOperating cash flow above net income$104.26M vs -$405.45M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.94 → 2.17
- No dilutionShare count did not rise57M → 59M
- Gross margin improvedGross margin up on the prior year-97.31% → 16.57%
- More efficientAsset turnover rose0.20 → 0.45