Sunrun Inc (RUN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,604,500 | 173,377 | -79,423 | -173,394 | 26,335 |
| Revenue | US$ in thousands | 2,261,190 | 2,315,520 | 1,603,790 | 813,304 | 858,578 |
| Net profit margin | -70.96% | 7.49% | -4.95% | -21.32% | 3.07% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-1,604,500K ÷ $2,261,190K
= -70.96%
The net profit margin of Sunrun Inc has shown significant volatility over the past five years, ranging from a low of -71.00% in 2023 to a high of 7.47% in 2022. The negative net profit margins in 2023, 2021, 2020, and 2019 indicate that the company incurred losses during those years. However, the positive net profit margin in 2022 suggests a return to profitability. The fluctuations in the net profit margin indicate possible challenges in cost management, revenue generation, or other operational aspects of Sunrun Inc's business. Overall, the company's net profit margin performance has been inconsistent and warrants further investigation to understand the underlying factors influencing its profitability.
Peer comparison
Dec 31, 2023