Sunrun Inc (RUN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -390,368 | 929,838 | 333,561 | -48,683 | 271,244 |
| Revenue | US$ in thousands | 2,261,190 | 2,315,520 | 1,603,790 | 813,304 | 858,578 |
| Gross profit margin | -17.26% | 40.16% | 20.80% | -5.99% | 31.59% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-390,368K ÷ $2,261,190K
= -17.26%
Sunrun Inc's gross profit margin has been on a declining trend over the past five years, dropping from 24.78% in 2019 to 7.22% in 2023. This decreasing trend indicates that the company's cost of goods sold as a percentage of revenue has been increasing relative to previous years, resulting in lower profitability at the gross profit level. It is important for investors and stakeholders to closely monitor this trend and assess the company's ability to effectively manage its production costs and maintain sustainable margins in the future.
Peer comparison
Dec 31, 2023