Sunrun Inc (RUN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,037,720 | 163,061 | 298,712 | 244,482 | 178,665 |
| Revenue | US$ in thousands | 2,037,720 | 2,259,810 | 2,321,420 | 1,609,950 | 922,191 |
| Gross profit margin | 100.00% | 7.22% | 12.87% | 15.19% | 19.37% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,037,720K ÷ $2,037,720K
= 100.00%
Sunrun Inc's gross profit margin has shown a declining trend over the years, starting at 19.37% on December 31, 2020, and decreasing to 15.19% on December 31, 2021, 12.87% on December 31, 2022, and further dropping to 7.22% on December 31, 2023. However, there was a significant increase to 100% on December 31, 2024, which is uncommon and may require further investigation.
The decreasing trend in the gross profit margin could indicate challenges in managing production costs or pricing strategies. The sudden spike to 100% in 2024 might be due to an unusual event such as accounting adjustments or one-time gains that need to be understood in detail.
Overall, a declining gross profit margin signifies potential issues with cost efficiency and pricing strategies that should be closely monitored and addressed to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2024