Growth Metrics

Spruce Power Holding (SPRU) Equity Ratio (2019 - 2025)

Spruce Power Holding recorded quarterly Equity Ratio of 0.14 in Q4 2025, down 2.53% quarter-over-quarter from 0.15 in Q3 2025, and down 10.97% year-over-year from 0.16 in Q4 2024.

Spruce Power Holding's Equity Ratio history runs 7 years deep, the most recent figure standing at 0.14 for Q4 2025.

  • In Q4 2025, Equity Ratio fell 10.97% year-over-year to 0.14; the TTM figure through Dec 2025 stood at 0.14 (down 10.97% YoY), while the FY2025 annual figure was 0.14, down 10.97% from the prior year.
  • Equity Ratio came in at 0.14 for Q4 2025 at Spruce Power Holding, down from 0.15 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.95 in Q1 2022 to a low of 0.14 in Q4 2025.
  • A 5-year average of 0.44 and a median of 0.27 in 2023 frame the typical range for Equity Ratio.
  • Across the five-year window, Equity Ratio surged 1145.52% in 2021 and tumbled 69.8% in 2023, its largest moves.
  • Spruce Power Holding's Equity Ratio stood at 0.92 in 2021, then plunged by 62.01% to 0.35 in 2022, then plunged by 31.38% to 0.24 in 2023, then plunged by 32.18% to 0.16 in 2024, then fell by 10.97% to 0.14 in 2025.
  • According to Business Quant data, Equity Ratio over the past three periods registered 0.14, 0.15, and 0.15 for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 0.74
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 0.57
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 0.26
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 0.40
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 0.18
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 0.15
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 0.58
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn -0.15
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 0.22
10 Spruce Power Holding 54.20 Mn -36.52 Mn 16.96 Mn 0.14

Historic Data

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DateValue
Dec 31, 2025 0.14
Sep 30, 2025 0.15
Jun 30, 2025 0.15
Mar 31, 2025 0.15
Dec 31, 2024 0.16
Sep 30, 2024 0.19
Jun 30, 2024 0.24
Mar 31, 2024 0.25
Dec 31, 2023 0.24
Sep 30, 2023 0.26
Jun 30, 2023 0.29
Mar 31, 2023 0.29
Dec 31, 2022 0.35
Sep 30, 2022 0.36
Jun 30, 2022 0.95
Mar 31, 2022 0.95
Dec 31, 2021 0.92
Sep 30, 2021 0.90
Jun 30, 2021 0.89
Mar 31, 2021 0.90
Dec 31, 2020 0.54
Sep 30, 2020 -0.15
Jun 30, 2020 -0.14
Mar 31, 2020 -0.09
Dec 31, 2019 -0.06
Sep 30, 2019 0.02
Jun 30, 2019 0.14