Sunrun (RUN) Operating Margin (2014 - 2026)
Sunrun (RUN) posted Operating Margin of 6.02% for Q1 2026, down 171.71% on a QoQ basis from 8.4% in Q4 2025, and up 1676.0% year-over-year from 0.34% in Q1 2025.
Sunrun (RUN) Operating Margin (2014 - 2026) Analysis & Trends
Sunrun's Operating Margin history runs 13 years deep, the most recent figure standing at 6.02% for Q1 2026.
- Quarterly Operating Margin rose 1676.0% year-over-year to 6.02% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.72% (up 17233.0% YoY) and the FY2025 annual result came in at 4.27%, up 17707.0% from the prior year.
- Operating Margin was 6.02% for Q1 2026 at Sunrun, down from 8.4% in the prior quarter.
- Across five years, Operating Margin topped out at 8.4% in Q4 2025 and bottomed at 628.02% in Q4 2024.
- A 5-year average of 71.92% and a median of 26.57% in 2022 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin tumbled 58979 bps — and 2025, when it jumped 63643 bps.
- Sunrun's Operating Margin stood at 31.06% in 2022, then slipped by 23 bps to 38.24% in 2023, then plunged by 1542 bps to 628.02% in 2024, then soared by 101 bps to 8.4% in 2025, then slumped by 172 bps to 6.02% in 2026.
- Business Quant data shows RUN's Operating Margin at 6.02% in Q1 2026, 8.4% in Q4 2025, and 0.5% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 33.07% |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 17.44% |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -10.48% |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -4.80% |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -17.73% |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -6.02% |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 5.49% |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -5.26% |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 3.18% |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 25.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.02% |
| Dec 31, 2025 | 8.40% |
| Sep 30, 2025 | 0.50% |
| Jun 30, 2025 | -19.72% |
| Mar 31, 2025 | -22.78% |
| Dec 31, 2024 | -628.02% |
| Sep 30, 2024 | -23.79% |
| Jun 30, 2024 | -24.44% |
| Mar 31, 2024 | -39.97% |
| Dec 31, 2023 | -38.24% |
| Sep 30, 2023 | -239.26% |
| Jun 30, 2023 | -34.89% |
| Mar 31, 2023 | -38.60% |
| Dec 31, 2022 | -31.06% |
| Sep 30, 2022 | -21.56% |
| Jun 30, 2022 | -26.57% |
| Mar 31, 2022 | -36.60% |
| Dec 31, 2021 | -47.78% |
| Sep 30, 2021 | -31.43% |
| Jun 30, 2021 | -35.34% |