Sunrun Inc (RUN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 713,147 | 228,657 | 170,343 | 145,630 | 163,061 | 183,484 | 248,904 | 287,483 | 298,712 | 284,325 | 265,510 | 248,202 | 244,482 | 251,396 | 216,357 | 178,244 | 178,665 | 193,445 | 192,866 | 206,393 |
| Revenue (ttm) | US$ in thousands | 2,037,719 | 2,035,817 | 2,061,825 | 2,128,152 | 2,259,813 | 2,352,375 | 2,421,100 | 2,415,487 | 2,321,422 | 2,147,499 | 1,954,358 | 1,770,944 | 1,609,954 | 1,495,131 | 1,266,126 | 1,046,254 | 922,191 | 845,722 | 851,504 | 874,805 |
| Gross profit margin | 35.00% | 11.23% | 8.26% | 6.84% | 7.22% | 7.80% | 10.28% | 11.90% | 12.87% | 13.24% | 13.59% | 14.02% | 15.19% | 16.81% | 17.09% | 17.04% | 19.37% | 22.87% | 22.65% | 23.59% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $713,147K ÷ $2,037,719K
= 35.00%
Sunrun Inc's gross profit margin has shown a declining trend over the period from March 31, 2020, to December 31, 2024. The margin has decreased from 23.59% in March 2020 to 35.00% in December 2024.
During the earlier periods, the gross profit margin ranged around the low to mid-20% levels, indicating relatively healthy profitability. However, starting from March 2022, the margin began to decline more significantly, reaching as low as 6.84% in March 2024.
The sudden increase in the gross profit margin to 35.00% in December 2024 is worth noting as it represents a significant improvement compared to the preceding quarters. This spike could be a result of various factors such as cost-cutting measures, pricing changes, or operational efficiencies.
Overall, the declining trend in Sunrun Inc's gross profit margin until 2024 may indicate challenges in controlling production costs or pricing pressures. However, the notable increase in the margin in the last quarter of 2024 could suggest a positive turnaround in the company's profitability measures. Continued monitoring of the trend in future periods will be essential to assess the sustainability of these changes.
Peer comparison
Dec 31, 2024