Sunrun (RUN) Gross Margin (2014 - 2026)
Sunrun (RUN) reported Gross Margin of 37.73% for Q2 2026, up 16.68 percentage points from 21.04% a year earlier and up 7.29 percentage points from the prior quarter.
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Analysis
Sunrun (RUN) Gross Margin (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Sunrun's Gross Margin came in at 35.29%, up 15.59 percentage points year-over-year; for FY2025, it was 30.34%, up 14.22 percentage points from FY2024.
- Gross Margin has a five-year change of +10.97 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 16.12% in FY2024 (+8.91 pp), 7.22% in FY2023 (-5.65 pp), 12.87% in FY2022 (-2.32 pp) and 15.19% in FY2021 (-4.19 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin since Q2 2018.
- Year over year, Gross Margin has now increased in each of the last ten quarters, with an average year-over-year change of +12.43 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2025 (a gain of 18.77 percentage points); the low point was Q3 2023 (a drop of 9.48 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 30.43% (Q1 2026), 37.57% (Q4 2025) and 33.57% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 96.54 Bn | 94.73 Bn | 1.55 Bn | 16.17% |
| 2 | Ferrovial | 38.99 Bn | 19.58 Bn | - | - |
| 3 | Emcor | 33.36 Bn | 29.75 Bn | 1.02 Bn | 19.83% |
| 4 | Mastec | 17.15 Bn | 16.06 Bn | 556.28 Mn | 12.72% |
| 5 | Jacobs Solutions | 15.84 Bn | 10.49 Bn | 810.70 Mn | 19.89% |
| 6 | Sterling Infrastructure | 15.09 Bn | 13.45 Bn | 289.96 Mn | 24.82% |
| 7 | IES Holdings | 12.79 Bn | 11.66 Bn | 340.66 Mn | 27.41% |
| 8 | Dycom Industries | 8.06 Bn | 7.19 Bn | - | - |
| 9 | Stantec | 7.69 Bn | 7.69 Bn | - | - |
| 10 | Sunrun | 1.87 Bn | 2.77 Bn | 328.22 Mn | 37.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.73% |
| Mar 31, 2026 | 30.43% |
| Dec 31, 2025 | 37.57% |
| Sep 30, 2025 | 33.57% |
| Jun 30, 2025 | 21.04% |
| Mar 31, 2025 | 19.60% |
| Dec 31, 2024 | 18.80% |
| Sep 30, 2024 | 19.26% |
| Jun 30, 2024 | 18.15% |
| Mar 31, 2024 | 7.09% |
| Dec 31, 2023 | 6.58% |
| Sep 30, 2023 | 8.02% |
| Jun 30, 2023 | 8.64% |
| Mar 31, 2023 | 5.58% |
| Dec 31, 2022 | 8.93% |
| Sep 30, 2022 | 17.50% |
| Jun 30, 2022 | 15.32% |
| Mar 31, 2022 | 8.91% |
| Dec 31, 2021 | 9.20% |
| Sep 30, 2021 | 20.92% |
API Access
Sunrun Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=RUN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "RUN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=RUN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();