Sunrun (RUN) Gross Margin (2014 - 2026)
Sunrun's (RUN) quarterly Gross Margin came in at 56.42% in Q1 2026, up 1762.0% YoY from 3.03% in Q1 2025, and up 24.48% on a QoQ basis from 45.33% in Q4 2025.
Sunrun (RUN) Gross Margin (2014 - 2026) Analysis & Trends
Sunrun (RUN) has 13 years of Gross Margin data on file, last reported at 56.42% in Q1 2026.
- Quarterly Gross Margin rose 1762.0% year-over-year to 56.42% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 61.64% (down 1233.0% YoY) and the FY2025 annual result came in at 66.18%, up 814.0% from the prior year.
- Gross Margin improved to 56.42% in Q1 2026, from 45.33% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 104.18% in Q4 2024 to a low of 38.8% in Q1 2025.
- A 5-year average of 62.79% and a median of 56.42% in 2026 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin soared 5989 bps — and 2025, when it tumbled 5886 bps.
- Tracing RUN's Gross Margin over 5 years: stood at 101.63% in 2022, then sank by 56 bps to 44.29% in 2023, then surged by 135 bps to 104.18% in 2024, then tumbled by 56 bps to 45.33% in 2025, then gained by 24 bps to 56.42% in 2026.
- The last three Gross Margin figures came in at 56.42% (Q1 2026), 45.33% (Q4 2025), and 77.16% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 57.28% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 35.91% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 59.97% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 60.64% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 27.48% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 30.31% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 10.22% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 8.32% |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 29.12% |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 33.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 60.64% |
| Mar 31, 2026 | 56.42% |
| Dec 31, 2025 | 45.33% |
| Sep 30, 2025 | 77.16% |
| Jun 30, 2025 | 81.71% |
| Mar 31, 2025 | 38.80% |
| Dec 31, 2024 | 104.18% |
| Sep 30, 2024 | 76.67% |
| Jun 30, 2024 | 75.16% |
| Mar 31, 2024 | 41.17% |
| Dec 31, 2023 | 44.29% |
| Sep 30, 2023 | 49.62% |
| Jun 30, 2023 | 54.16% |
| Mar 31, 2023 | 45.75% |
| Dec 31, 2022 | 101.63% |
| Sep 30, 2022 | 50.66% |
| Jun 30, 2022 | 65.35% |
| Mar 31, 2022 | 59.30% |
| Dec 31, 2021 | 44.65% |
| Sep 30, 2021 | 60.68% |