Sunrun Inc (RUN)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | -158,574 | -54,805 | 1,162,220 | 1,175,478 | 1,135,123 | 974,300 | 793,800 | 640,709 | 393,614 | 135,011 | 26,630 | -94,153 | 42,641 | 458,416 | 466,828 | 501,736 | 506,197 | 502,380 | 521,977 | 449,930 |
| Revenue (ttm) | US$ in thousands | 2,260,655 | 2,347,628 | 2,415,782 | 2,410,703 | 2,316,638 | 2,140,683 | 1,942,005 | 1,758,557 | 1,491,043 | 1,273,601 | 1,050,733 | 830,895 | 813,356 | 845,751 | 851,504 | 874,805 | 858,578 | 854,761 | 844,179 | 810,122 |
| Gross profit margin | -7.01% | -2.33% | 48.11% | 48.76% | 49.00% | 45.51% | 40.88% | 36.43% | 26.40% | 10.60% | 2.53% | -11.33% | 5.24% | 54.20% | 54.82% | 57.35% | 58.96% | 58.77% | 61.83% | 55.54% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-158,574K ÷ $2,260,655K
= -7.01%
Sunrun Inc's gross profit margin has been showing a decreasing trend over the past eight quarters. The margin decreased from 14.02% in Q1 2022 to 7.22% in Q4 2023. This decline in gross profit margin indicates that the company's profitability from its core operations has been deteriorating over time. It is important for Sunrun Inc to closely monitor and address the factors contributing to this trend in order to maintain and enhance its financial performance in the future.
Peer comparison
Dec 31, 2023