Sunrun Inc (RUN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -1,617,185 | -1,200,154 | 50,016 | -33,284 | 175,668 | 100,166 | -76,285 | -123,292 | -70,152 | -259,431 | -283,386 | -240,581 | -233,967 | -30,114 | -6,109 | 4,039 | 18,117 | 10,574 | -32,469 | -17,479 |
| 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 |
| Pretax margin | -71.54% | -51.12% | 2.07% | -1.38% | 7.58% | 4.68% | -3.93% | -7.01% | -4.70% | -20.37% | -26.97% | -28.95% | -28.77% | -3.56% | -0.72% | 0.46% | 2.11% | 1.24% | -3.85% | -2.16% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-1,617,185K ÷ $2,260,655K
= -71.54%
Sunrun Inc's pretax margin has shown fluctuations over the past eight quarters. The company experienced negative pretax margins, with the highest being -36.50% in Q4 2022 and the lowest being -119.28% in Q4 2023. This downward trend indicates that the company's operating expenses and costs are exceeding its revenue, resulting in losses before taxes. Sunrun Inc needs to focus on cost management strategies and revenue optimization to improve its pretax margin and achieve profitability.
Peer comparison
Dec 31, 2023