What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Sunrun RUN Gross margin

Discontinued — last reported Q2 '18

Gross margin at other companies

Tesla, Inc.TSLA

19.1%+1.4pp

Enphase EnergyENPH

44.2%-3.7pp

SolarEdge TechnologiesSEDG

19.4%+10.6pp

Solaris Energy InfrastructureSEI

39.4%+2.4pp

First SolarFSLR

41.7%-1.9pp

AESAES

19.3%+1.7pp

Other financials

Income statement

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Revenue$722.2M+43.2%

Operating income-$43.5M+62.1%

Net income$167.6M+235%

EPS (diluted)$0.62+210%

Balance sheet

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Cash & equivalents$679.6M+12.3%

Total debt$78.9M-29.5%

Total equity$3.3B+27.7%

Total assets$22.8B+11.7%

Cash flow

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Operating cash flow$10.6M+110%

CapEx$409.0K+86.8%

Free cash flow$10.2M+110%

Valuation

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Market cap$3.23B+140%

Enterprise value$2.62B+210%

P/E5.7×—

P/S1×+0.4×

Profitability

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Operating margin-150.2%-204pp

Net margin17.9%+9.5pp

FCF margin-33.7%+3.3pp

Returns & leverage

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Return on equity19.1%+10.7pp

Debt / equity0×0.0×

Current ratio1.4×+0.1×

Where this comes from

Calculated from Sunrun’s reported figures.

gross profit/total revenue=55.4%

Based on trailing twelve months.

The official record: Sunrun’s 10-Q, filed August 7, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.