Sunrun Inc (RUN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -4,382,039 | -1,519,220 | -2,534,319 | -2,585,489 | -2,695,530 | -2,484,152 | -1,198,568 | -1,083,000 | -847,354 | -814,868 | -890,715 | -912,557 | -971,259 | -1,005,720 | -887,061 | -793,078 | -687,521 | -455,036 | -449,707 | -421,864 |
| 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 |
| Pretax margin | -215.05% | -74.62% | -122.92% | -121.49% | -119.28% | -105.60% | -49.51% | -44.84% | -36.50% | -37.94% | -45.58% | -51.53% | -60.33% | -67.27% | -70.06% | -75.80% | -74.55% | -53.80% | -52.81% | -48.22% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-4,382,039K ÷ $2,037,719K
= -215.05%
The pretax margin of Sunrun Inc has been fluctuating significantly over the reported periods. Initially starting with negative figures, the pretax margin deteriorated significantly to reach its lowest point at -215.05% by December 31, 2024. This suggests that the company's operating expenses and other costs were higher than its revenues during that period, leading to a negative margin.
It's worth noting that a pretax margin below zero indicates that the company is operating at a loss before accounting for taxes. The declining trend in pretax margin from 2020 to 2023 could be a cause for concern, as it indicates decreasing profitability or increasing losses over time.
However, it is essential to consider the reasons behind such drastic fluctuations in the pretax margin. Factors such as changes in revenue, operating expenses, cost of goods sold, interest expenses, and efficiency in managing costs and expenses could all contribute to the observed trend in the pretax margin.
Further in-depth analysis of Sunrun Inc's financial statements and operational performance is recommended to better understand the underlying reasons for the negative and fluctuating pretax margin and to assess the company's overall financial health and sustainability.
Peer comparison
Dec 31, 2024