Sunrun Inc (RUN)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,604,498 | -1,191,353 | 88,667 | 20,767 | 173,377 | 71,837 | -114,594 | -143,412 | -79,423 | -210,224 | -196,906 | -169,224 | -173,394 | 8,426 | -31 | 12,238 | 26,335 | 7,947 | -23,939 | -15,237 |
| 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 |
| Net profit margin | -70.97% | -50.75% | 3.67% | 0.86% | 7.48% | 3.36% | -5.90% | -8.16% | -5.33% | -16.51% | -18.74% | -20.37% | -21.32% | 1.00% | -0.00% | 1.40% | 3.07% | 0.93% | -2.84% | -1.88% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-1,604,498K ÷ $2,260,655K
= -70.97%
The net profit margin of Sunrun Inc has shown significant variability over the quarters analyzed. In Q4 2023, the net profit margin was notably negative at -71.00%, indicating that the company's profits were insufficient to cover its operating expenses and other costs. This represents a sharp decline from the previous quarter when the net profit margin was also negative at -50.64%.
Historically, Sunrun Inc experienced a positive net profit margin in Q2 2023 and Q1 2023, at 3.66% and 0.86% respectively. This suggests that the company was able to generate profits relative to its overall revenue during these periods. However, the profitability decreased in comparison to the previous year, as evidenced by the higher net profit margins in Q4 2022 and Q3 2022 at 7.47% and 3.35% respectively.
It is worth noting that Sunrun Inc faced challenges in Q2 2022 and Q1 2022, with net profit margins of -5.86% and -8.10% respectively. These negative margins indicate that the company incurred losses during those quarters.
Overall, the fluctuating net profit margins reflect the variability in Sunrun Inc's profitability performance over the analyzed quarters. It is essential for stakeholders to closely monitor the company's financial health and management strategies to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023