Sunrun (RUN) Gross Margin (2014 - 2026)
Sunrun's (RUN) quarterly Gross Margin came in at 60.64% in Q2 2026, up 2130.0% on a YoY basis from 2.72% in Q2 2025, and up 7.47% quarter-over-quarter from 56.42% in Q1 2026.
Analysis
Sunrun (RUN) Gross Margin (2014 - 2026) Analysis & Trends
Sunrun (RUN) has reported Gross Margin for 13 consecutive years, with 60.64% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 2130.0% year-over-year to 60.64%; the trailing twelve-month figure through Jun 2026 stood at 63.01% (up 2195.0% YoY), and the FY2025 full-year result was 56.63%, up 1401.0% from the prior year.
- Gross Margin advanced to 60.64% in Q2 2026 per RUN's latest filing, from 56.42% in the prior quarter.
- Across five years, Gross Margin topped out at 73.03% in Q4 2025 and bottomed at 38.8% in Q1 2025.
- Historically, Gross Margin has averaged 49.59% across 5 years, with a median of 49.61% in 2022.
- The sharpest annual moves came in 2024 and 2025: Gross Margin sank 1117 bps in 2024, then soared 2947 bps in 2025.
- Over 5 years, Gross Margin stood at 46.74% in 2022, then grew by 9 bps to 51.16% in 2023, then retreated by 15 bps to 43.56% in 2024, then jumped by 68 bps to 73.03% in 2025, then slipped by 17 bps to 60.64% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 60.64%, 56.42%, and 73.03% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunrun | 2.06 Bn | 2.06 Bn | 527.54 Mn | 60.64% |
| 2 | SunPower | 52.30 Mn | 48.20 Mn | 24.96 Mn | 45.50% |
| 3 | SUNation Energy | 21.76 Mn | 18.70 Mn | 2.13 Mn | 26.09% |
| 4 | SolarMax Technology | 10.72 Mn | 6.13 Mn | 3.05 Mn | 20.54% |
| 5 | Founder | 1.62 Mn | -28.27 Mn | - | - |
| 6 | Zeo Energy | 1.57 Mn | 16.56 Mn | 7.62 Mn | 47.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.64% |
| Mar 31, 2026 | 56.42% |
| Dec 31, 2025 | 73.03% |
| Sep 30, 2025 | 56.41% |
| Jun 30, 2025 | 39.34% |
| Mar 31, 2025 | 38.80% |
| Dec 31, 2024 | 43.56% |
| Sep 30, 2024 | 42.59% |
| Jun 30, 2024 | 42.99% |
| Mar 31, 2024 | 41.17% |
| Dec 31, 2023 | 51.16% |
| Sep 30, 2023 | 49.62% |
| Jun 30, 2023 | 54.16% |
| Mar 31, 2023 | 45.75% |
| Dec 31, 2022 | 46.74% |
| Sep 30, 2022 | 50.66% |
| Jun 30, 2022 | 49.97% |
| Mar 31, 2022 | 49.61% |
| Dec 31, 2021 | 57.03% |
| Sep 30, 2021 | 60.24% |