A Business at a Glance
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Sunrun Inc.
RUN
$2.6B
Mkt Cap
$9.94
-4.24%
Sunrun Inc. (RUN) has a current P/E ratio of 5.8, compared to its historical median P/E of 20.6. The stock is currently considered Fair based on its historical valuation range.
Sunrun Inc. (RUN) has a 5-year average return on invested capital (ROIC) of -5.0%. This is below average and may indicate limited pricing power.
Sunrun Inc. (RUN) has a market capitalization of $2.3B. It is classified as a mid-cap stock.
Sunrun Inc. (RUN) does not currently pay a regular dividend.
Based on historical P/E analysis, Sunrun Inc. (RUN) appears fair. The current P/E of 5.8 is 72% below its historical median of 20.6. The estimated fair value CAGR (P/E method) is 0.3%.
Sunrun Inc. (RUN) operates in the Miscellaneous Electrical Machinery, Equipment & Supplies industry, within the Technology sector.
Sunrun Inc. (RUN) reported annual revenue of $3.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Sunrun's (the “Company,” “our,” “we”) mission is to connect people to the cleanest energy on earth. Sunrun transformed the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation’s leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun’s innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. We are engaged in the design, development, installation, sale, ownership and maintenance of residential energy systems (“Projects”) in the United States. We provide clean, solar energy typically at savings compared to traditional utility energy. Our primary customers are residential homeowners.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.2B | 3.0B | 2.0B | 2.3B | 2.3B | 1.6B |
| Net Income | 568M | 450M | -2.8B | -1.6B | 176M | -79M |
| EPS | $2.44 | $1.71 | $-12.81 | $-7.41 | $0.80 | $-0.39 |
| Free Cash Flow | -309M | -423M | -768M | -842M | -867M | -826M |
| ROIC | -0.3% | 2.7% | -18.2% | -10.3% | 1.3% | -0.7% |
| Gross Margin | - | 7.8% | - | - | - | - |
| Debt/Equity | 4.48 | 4.78 | 5.22 | 2.15 | 1.33 | 1.08 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -55M | -126M | -3.7B | -2.0B | -662M | -666M |
| Operating Margin | -1.7% | -4.3% | -181.3% | -87.6% | -28.5% | -41.4% |
| ROE | 17.0% | 15.8% | -73.1% | -26.9% | 2.7% | -1.3% |
| Shares Outstanding | 236M | 263M | 222M | 217M | 220M | 204M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 199M | 305M | 477M | 533M | 760M | 859M | 922M | 1.6B | 2.3B | 2.3B | 2.0B | 3.0B | 3.2B |
| Gross Margin | 49.2% | 44.6% | 49.8% | 52.3% | 4.6% | N/A | N/A | N/A | N/A | N/A | N/A | 7.8% | N/A |
| R&D | 8.4M | 9.7M | 10M | 15M | 19M | 24M | 20M | 23M | 21M | 22M | 39M | 36M | 36M |
| SG&A | 68M | 84M | 92M | 107M | 117M | 125M | 267M | 265M | 195M | 221M | 245M | 278M | 295M |
| EBIT | -133M | -219M | -192M | -181M | -122M | -216M | -465M | -666M | -662M | -2.0B | -3.7B | -126M | -55M |
| Op. Margin | -66.8% | -72.0% | -40.3% | -34.0% | -16.0% | -25.1% | -50.4% | -41.4% | -28.5% | -87.6% | -181.3% | -4.3% | -1.7% |
| Net Income | -71M | -53M | 92M | 125M | 27M | 26M | -173M | -79M | 176M | -1.6B | -2.8B | 450M | 568M |
| Net Margin | -35.7% | -17.4% | 19.2% | 23.4% | 3.5% | 3.1% | -18.8% | -4.9% | 7.6% | -71.0% | -139.7% | 15.2% | 17.9% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2B | 3.1B | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -18.1% | -6.5% | 6.9% | 6.7% | 1.1% | 0.9% | -2.5% | -0.7% | 1.3% | -10.3% | -18.2% | 2.7% | -0.3% |
| ROE | -25.9% | -12.1% | 14.9% | 16.0% | 2.9% | 2.8% | -4.9% | -1.3% | 2.7% | -26.9% | -73.1% | 15.8% | 17.0% |
| ROA | -7.3% | -2.3% | 2.9% | 3.3% | 0.6% | 0.5% | -1.7% | -0.5% | 1.0% | -8.1% | -14.1% | 2.1% | 2.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -7.9M | -105M | -200M | -96M | -62M | -204M | -318M | -817M | -849M | -821M | -766M | -421M | -307M |
| Free Cash Flow | -23M | -118M | -213M | -104M | -67M | -230M | -321M | -826M | -867M | -842M | -768M | -423M | -309M |
| Owner Earnings | -24M | -132M | -238M | -138M | -111M | -253M | -509M | -1.1B | -987M | -964M | -923M | -568M | -474M |
| CapEx | 15M | 13M | 13M | 8.0M | 5.0M | 25M | 3.1M | 8.6M | 18M | 21M | 1.6M | 1.8M | 2.0M |
| Maint. CapEx | 6.4M | 11M | 19M | 20M | 20M | 23M | 20M | 23M | 27M | 32M | 44M | 38M | 58M |
| Growth CapEx | 8.9M | 1.8M | 0 | 0 | 0 | 2.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 6.4M | 11M | 19M | 20M | 20M | 23M | 20M | 23M | 27M | 32M | 44M | 38M | 58M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 5.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.3% | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 9.2M | 16M | 19M | 22M | 28M | 26M | 171M | 211M | 111M | 112M | 113M | 108M | 109M |
| Debt Repayment | 96M | 12M | 23M | 14M | 25M | 29M | 14M | 54M | 63M | 1.6B | 1.8B | 2.3B | 2.3B |
| Balance Sheet | |||||||||||||
| Net Debt | 136M | 511M | 918M | 1.3B | 1.7B | 2.2B | 4.4B | 5.9B | 8.0B | 10.3B | 12.4B | 13.7B | 13.9B |
| Cash & Equiv. | 152M | 221M | 224M | 242M | 304M | 363M | 708M | 850M | 953M | 988M | 947M | 1.2B | 1.1B |
| Long-Term Debt | 237M | 530M | 884M | 1.3B | 1.7B | 2.2B | 4.8B | 6.5B | 8.4B | 10.7B | 12.9B | 14.7B | 14.8B |
| Debt/Equity | 0.89 | 1.32 | 1.70 | 1.76 | 2.13 | 2.63 | 0.85 | 1.08 | 1.33 | 2.15 | 5.22 | 4.78 | 4.48 |
| Interest Coverage | -11.9 | -18.3 | -216.1 | -283.0 | -180.3 | -112.7 | -522.6 | -695.4 | -587.6 | -601.2 | -647.8 | -27.8 | -27.8 |
| Equity | 325M | 554M | 673M | 882M | 949M | 965M | 6.1B | 6.3B | 6.7B | 5.2B | 2.6B | 3.1B | 3.3B |
| Total Assets | 1.9B | 2.7B | 3.6B | 4.0B | 4.7B | 5.8B | 14.4B | 16.5B | 19.3B | 20.5B | 19.9B | 22.6B | 22.8B |
| Total Liabilities | 1.4B | 1.9B | 2.5B | 2.6B | 3.3B | 4.2B | 7.1B | 8.9B | 11.1B | 13.5B | 15.7B | 17.6B | 17.8B |
| Intangibles | 13M | 23M | 18M | 14M | 10M | 20M | 18M | 13M | 7.5M | N/A | N/A | N/A | N/A |
| Retained Earnings | -59M | -87M | 4.4M | 203M | 229M | 251M | 77M | -2.6M | 171M | -1.4B | -4.3B | -3.8B | -3.7B |
| Working Capital | 86M | 107M | 125M | 106M | 89M | 204M | 236M | 536M | 942M | 394M | 388M | 853M | 607M |
| Current Assets | 237M | 360M | 369M | 417M | 461M | 734M | 1.1B | 1.5B | 2.1B | 1.9B | 1.7B | 2.2B | 2.0B |
| Current Liabilities | 151M | 252M | 245M | 311M | 372M | 530M | 901M | 1.0B | 1.2B | 1.5B | 1.3B | 1.3B | 1.4B |
| Per Share Data | |||||||||||||
| EPS | -3.11 | -0.96 | 0.72 | 1.16 | 0.23 | 0.21 | -1.24 | -0.39 | 0.80 | -7.41 | -12.81 | 1.71 | 2.44 |
| Owner EPS | -1.03 | -2.39 | -1.87 | -1.28 | -0.96 | -2.02 | -3.64 | -5.16 | -4.49 | -4.45 | -4.15 | -2.16 | -2.01 |
| Book Value | 14.26 | 10.01 | 5.28 | 8.21 | 8.19 | 7.69 | 43.47 | 30.71 | 30.55 | 24.15 | 11.50 | 11.90 | 14.19 |
| Cash Flow/Share | -0.35 | -1.90 | -1.57 | -0.90 | -0.54 | -1.63 | -2.27 | -4.01 | -3.87 | -3.79 | -3.45 | -1.60 | 2.66 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 22.8M | 55.4M | 127.3M | 107.3M | 115.9M | 125.4M | 139.8M | 203.6M | 219.5M | 216.5M | 222.2M | 263.1M | 235.5M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 6.3 | 5.2 | 46.1 | 67.4 | N/A | N/A | 29.3 | N/A | N/A | 12.0 | 4.1 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 1.2 | 0.9 | 0.7 | 1.3 | 1.8 | 1.6 | 1.1 | 0.8 | 0.8 | 0.9 | 1.7 | 0.7 |
| Price/Sales | N/A | 1.8 | 1.5 | 1.2 | 1.7 | 2.3 | 5.3 | 6.7 | 2.6 | 1.7 | 1.5 | 1.1 | 0.7 |
| FCF Yield | N/A | -18.3% | -37.1% | -15.8% | -5.5% | -12.9% | -3.4% | -12.2% | -17.1% | -19.1% | -35.0% | -7.9% | -13.2% |
| Market Cap | N/A | 646M | 573M | 657M | 1.2B | 1.8B | 9.5B | 6.8B | 5.1B | 4.4B | 2.2B | 5.4B | 2.3B |
| Avg. Price | N/A | 9.70 | 6.30 | 5.88 | 11.02 | 15.59 | 34.90 | 53.35 | 27.58 | 17.80 | 14.12 | 12.16 | 9.94 |
| Year-End Price | N/A | 11.67 | 5.44 | 6.07 | 10.60 | 14.16 | 67.88 | 33.27 | 23.43 | 20.32 | 9.86 | 20.47 | 9.94 |
Sunrun Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
Sunrun Inc. trades at 5.8x trailing earnings, compared to its 15-year median P/E of 20.6x, suggesting it is currently Fair relative to its historical range. The company's 5-year average gross margin is 7.8%. At current prices, the estimated annualized return to fair value is +0.3%.
Sunrun Inc. (RUN) has a net profit margin of 15.2%. This is a healthy margin.
Sunrun Inc. (RUN) generated $-423 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Sunrun Inc. (RUN) has a debt-to-equity ratio of 4.78. This indicates higher leverage, which may increase financial risk.
Sunrun Inc. (RUN) reported earnings per share (EPS) of $1.71 in its most recent fiscal year.
Sunrun Inc. (RUN) has a return on equity (ROE) of 15.8%. This indicates the company generates strong returns for shareholders.
Sunrun Inc. (RUN) has a 5-year average gross margin of 7.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 13 years of financial data for Sunrun Inc. (RUN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Sunrun Inc. (RUN) has a book value per share of $11.90, based on its most recent annual SEC filing.