Is the business good?
How good a business is RUN?
Sunrun Inc. earns 0.42% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
0.42%
Return on invested capital · cost of capital 9.0% · 8.6 points below what the capital costs: growth destroys value
- Operating margin
- 2.7%
Operating margin · Solar median 4.8% · 12 months to Q2 2026
- Share count, year on year
- +4.9%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 1.1%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | −50% |
| FY2021 | −41% |
| FY2022 | −29% |
| FY2023 | −88% |
| FY2024 | −181% |
| FY2025 | −4.3% |
Details›
- Operating margin12 months to Q2 2026
- 2.7%
- Net margin12 months to Q2 2026
- 12%
- R&D as % of revenue
- 1.1%
- Revenue, trailing twelve months
- $3.48B
- Net income, trailing twelve months
- $403M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 0.42%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.