Sunrun (RUN) Gross Margin (2014 - 2026)
Sunrun posted quarterly Gross Margin of 75.28% for Q1 2026, up 423.0% year-on-year from 14.39% in Q1 2025, and down 4.43% on a QoQ basis from 78.77% in Q4 2025.
Sunrun (RUN) has 13 years of Gross Margin data on file, last reported at 75.28% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 423.0% year-over-year to 75.28%; the trailing twelve-month figure through Mar 2026 stood at 76.64% (up 595.0% YoY), and the FY2025 full-year result was 76.01%, up 630.0% from the prior year.
- Gross Margin for Q1 2026 stood at 75.28%, down from 78.77% in the prior quarter.
- Across five years, Gross Margin topped out at 78.77% in Q4 2025 and bottomed at 64.72% in Q1 2022.
- The 5-year median for Gross Margin is 69.3% (2022), against an average of 70.23%.
- The widest annual swing landed in 2022, when Gross Margin surged 1051 bps; it then plunged 125 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 68.97% in 2022, then declined by 2 bps to 67.72% in 2023, then climbed by 5 bps to 70.93% in 2024, then rose by 11 bps to 78.77% in 2025, then dropped by 4 bps to 75.28% in 2026.
- The last three Gross Margin figures came in at 75.28% (Q1 2026), 78.77% (Q4 2025), and 77.26% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 33.77% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 10.22% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 35.49% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 21.99% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 75.28% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 29.18% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 28.20% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 8.32% |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 42.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 75.28% |
| Dec 31, 2025 | 78.77% |
| Sep 30, 2025 | 77.26% |
| Jun 30, 2025 | 73.22% |
| Mar 31, 2025 | 71.05% |
| Dec 31, 2024 | 70.93% |
| Sep 30, 2024 | 69.75% |
| Jun 30, 2024 | 71.05% |
| Mar 31, 2024 | 66.77% |
| Dec 31, 2023 | 67.72% |
| Sep 30, 2023 | 68.69% |
| Jun 30, 2023 | 66.98% |
| Mar 31, 2023 | 65.61% |
| Dec 31, 2022 | 68.97% |
| Sep 30, 2022 | 69.30% |
| Jun 30, 2022 | 67.94% |
| Mar 31, 2022 | 64.72% |
| Dec 31, 2021 | 58.46% |
| Sep 30, 2021 | 60.92% |
| Jun 30, 2021 | 63.96% |
| Mar 31, 2021 | 62.33% |
| Dec 31, 2020 | 55.80% |
| Sep 30, 2020 | 66.29% |
| Jun 30, 2020 | 61.55% |
| Mar 31, 2020 | 66.65% |
| Dec 31, 2019 | 70.12% |
| Sep 30, 2019 | 64.05% |
| Jun 30, 2019 | 65.77% |
| Mar 31, 2019 | 71.23% |
| Dec 31, 2018 | 62.92% |
| Sep 30, 2018 | 62.83% |
| Jun 30, 2018 | 62.31% |
| Mar 31, 2018 | 55.27% |
| Dec 31, 2017 | 51.29% |
| Sep 30, 2017 | 67.28% |
| Jun 30, 2017 | 53.35% |
| Mar 31, 2017 | 52.97% |
| Dec 31, 2016 | 105.31% |
| Sep 30, 2016 | 16.87% |
| Jun 30, 2016 | 43.33% |
| Mar 31, 2016 | 10.42% |
| Dec 31, 2015 | 41.20% |
| Sep 30, 2015 | 10.93% |
| Jun 30, 2015 | 11.13% |
| Mar 31, 2015 | 49.01% |
| Dec 31, 2014 | -21.50% |
| Sep 30, 2014 | 12.27% |
| Jun 30, 2014 | 66.94% |