Sunrun Inc (RUN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -1,978,646 | -1,970,305 | -759,070 | -708,436 | -662,192 | -680,970 | -682,650 | -669,112 | -666,187 | -714,651 | -638,916 | -580,616 | -465,108 | -257,103 | -255,257 | -234,586 | -215,740 | -173,967 | -137,170 | -109,341 |
| 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 |
| Operating profit margin | -87.53% | -83.93% | -31.42% | -29.39% | -28.58% | -31.81% | -35.15% | -38.05% | -44.68% | -56.11% | -60.81% | -69.88% | -57.18% | -30.40% | -29.98% | -26.82% | -25.13% | -20.35% | -16.25% | -13.50% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-1,978,646K ÷ $2,260,655K
= -87.53%
The operating profit margin of Sunrun Inc has been volatile over the past eight quarters, ranging from -36.31% in Q4 2023 to -28.53% in Q4 2022. Operating profit margin deteriorated in the most recent quarter compared to the previous quarters, reaching its lowest point in Q4 2023. This indicates that the company's ability to generate profits from its core business operations has been under pressure. The declining trend in operating profit margin warrants further investigation into the company's cost structure, pricing strategies, and efficiency measures to improve profitability in the future.
Peer comparison
Dec 31, 2023