Stocks · Utilities · Electric Services

Enlight Renewable Energy Ltd.

ENLT Clue Score60
Israel Fiscal year ends December CIK 0001922641
$67.41 +0.45% Close, 9 Oct 2026
Price $67.41 +439.28% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 10 Feb 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue70.3Operating income28.4Net income−43.9EPS, diluted−0.56Fiscal year 2021Revenue102.5 +45.7%Operating income34.4Net income11.2EPS, diluted0.12Fiscal year 2022Revenue192.2 +87.6%Operating income90.6Net income24.7 +120.6%EPS, diluted0.25 +108.3%Fiscal year 2023Revenue255.7 +33.1%Operating income158.1Net income70.9 +186.6%EPS, diluted0.57 +128.0%Fiscal year 2024Revenue377.9 +47.8%Operating income175.5Net income44.2 −37.7%EPS, diluted0.36 −36.8%Fiscal year 2025Revenue488.6 +29.3%Operating income332.2Net income132.1 +198.8%EPS, diluted1.00 +177.8%
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 70.3 102.5 192.2 255.7 377.9 488.6
Growth +45.7% +87.6% +33.1% +47.8% +29.3%
Operating income 28.4 34.4 90.6 158.1 175.5 332.2
Net income −43.9 11.2 24.7 70.9 44.2 132.1
Growth +120.6% +186.6% −37.7% +198.8%
EPS, diluted −0.56 0.12 0.25 0.57 0.36 1.00
Growth +108.3% +128.0% −36.8% +177.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin57.4%Operating margin40.3%Net margin−62.4%Free cash flow margin−431.0%Fiscal year 2021Gross margin59.8%Operating margin33.6%Net margin10.9%Free cash flow margin−430.1%Fiscal year 2022Gross margin57.8%Operating margin47.2%Net margin12.9%Free cash flow margin−294.4%Fiscal year 2023Gross margin54.4%Operating margin61.8%Net margin27.7%Free cash flow margin−210.9%Fiscal year 2024Operating margin46.4%Net margin11.7%Free cash flow margin−170.4%Fiscal year 2025Operating margin68.0%Net margin27.0%Free cash flow margin−313.1%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 57.4% 59.8% 57.8% 54.4% n/a n/a
Operating margin 40.3% 33.6% 47.2% 61.8% 46.4% 68.0%
Net margin −62.4% 10.9% 12.9% 27.7% 11.7% 27.0%
Free cash flow margin −431.0% −430.1% −294.4% −210.9% −170.4% −313.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow38.8Capital expenditure−341.9Free cash flow−303.1Buybacks0.0Fiscal year 2021Operating cash flow52.0Capital expenditure−492.8Free cash flow−440.7Buybacks0.0Fiscal year 2022Operating cash flow90.4Capital expenditure−656.1Free cash flow−565.8Buybacks−1.8Fiscal year 2023Operating cash flow191.6Capital expenditure−731.0Free cash flow−539.4Buybacks0.0Fiscal year 2024Operating cash flow255.3Capital expenditure−899.3Free cash flow−644.0Buybacks0.0Fiscal year 2025Operating cash flow282.6Capital expenditure−1,812.6Free cash flow−1,529.9
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 38.8 52.0 90.4 191.6 255.3 282.6
Capital expenditure −341.9 −492.8 −656.1 −731.0 −899.3 −1,812.6
Free cash flow −303.1 −440.7 −565.8 −539.4 −644.0 −1,529.9
Growth
Buybacks 0.0 0.0 −1.8 0.0 0.0 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash99.3Shareholders’ equity512.4Fiscal year 2021Cash265.9Total debt61.8Net cash (debt)204.1Shareholders’ equity532.6Debt to equity0.12Fiscal year 2022Cash193.9Total debt165.6Net cash (debt)28.2Shareholders’ equity804.1Debt to equity0.21Fiscal year 2023Cash403.8Total debt324.7Net cash (debt)79.1Shareholders’ equity1,168.8Debt to equity0.28Fiscal year 2024Cash387.4Total debt212.2Net cash (debt)175.2Shareholders’ equity1,180.5Debt to equity0.18Fiscal year 2025Cash528.5Total debt884.1Net cash (debt)−355.6Shareholders’ equity1,688.1Debt to equity0.52
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 99.3 265.9 193.9 403.8 387.4 528.5
Total debt n/a 61.8 165.6 324.7 212.2 884.1
Net cash (debt) n/a 204.1 28.2 79.1 175.2 −355.6
Shareholders’ equity 512.4 532.6 804.1 1,168.8 1,180.5 1,688.1
Debt to equity n/a 0.12 0.21 0.28 0.18 0.52

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
57.4% 59.8% 57.8% 54.4% n/a n/a
40.3% 33.6% 47.2% 61.8% 46.4% 68.0%
−75.9% 26.7% 26.6% 49.5% 22.4% 41.9%
−62.4% 10.9% 12.9% 27.7% 11.7% 27.0%
−431.0% −430.1% −294.4% −210.9% −170.4% −313.1%
Spending
4.2% 4.6% 2.9% 2.5% 3.1% 2.5%
12.8% 15.2% 14.1% 12.3% 10.3% 11.9%
486.2% 480.9% 341.4% 285.9% 237.9% 371.0%
n/a 20.8% 25.4% 22.5% 21.6% 21.4%
Returns
−8.6% 2.1% 3.1% 6.1% 3.7% 7.8%
n/a 0.4% 0.7% 1.5% 0.8% 1.5%
Balance and payout
n/a 0.12 0.21 0.28 0.18 0.52
n/a 73.3% 70.3% 69.0% 74.0% 76.9%