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Sunrun RUN Operating margin

Operating margin at other companies

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Tesla, Inc.TSLA
4.2%-1.8pp
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Enphase EnergyENPH
8.3%-3.4pp
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NextNRGNXXT
-86%-1,407pp
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SolarEdge TechnologiesSEDG
-11.6%-5.6pp
Shoals Technologies Group, Inc. logo
Shoals Technologies Group, Inc.SHLS
11.2%-0.1pp
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Solaris Energy InfrastructureSEI
24.3%+4.4pp

Other financials

Income statement

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Revenue$870.0M+52.8%
Operating income$34.8M+131%
Net income$115.2M-58.8%
EPS (diluted)$0.42-60.7%

Balance sheet

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Cash & equivalents$712.4M+15.3%
Total debt$72.8M-28.6%
Total equity$3.5B+19.2%
Total assets$23.4B+10.0%

Cash flow

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Operating cash flow-$186.2M+36.4%
CapEx$4.3M+409%
Free cash flow-$190.5M+35.1%

Valuation

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Market cap$2.26B+9.0%
Enterprise value$1.62B+4.1%
P/E5.6×
P/S0.7×-0.3×

Profitability

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Gross margin55.4%
Net margin11.6%+6.1pp
FCF margin-33.7%+3.3pp

Returns & leverage

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Return on equity12.6%+6.9pp
Debt / equity0.0×
Current ratio1.4×0.0×

Where this comes from

Calculated from Sunrun’s reported figures.

Based on trailing twelve months.

The source filing: Sunrun’s 10-Q, filed November 6, 2025. Open the filing →

Filed
Nov 6, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001628280-25-050191

FAQ

What is Sunrun's operating margin?
Sunrun (RUN) reported operating margin of -150.2% in Q3 2025.
How has Sunrun's operating margin changed year-over-year?
Sunrun's operating margin decreased by 380.4% year-over-year, from -31.3% to -150.2%.
What is the long-term trend for Sunrun's operating margin?
Over 4 years (2020 to 2024), Sunrun's operating margin has grown at a 37.7% compound annual growth rate (CAGR), from -50.4% to -181.3%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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