Spruce Power Holding (SPRU) Operating Margin (2020 - 2025)
Spruce Power Holding (SPRU) posted quarterly Operating Margin of 9.36% for Q4 2025, up 4120.0% year-on-year from 0.22% in Q4 2024, and down 66.12% on a QoQ basis from 27.61% in Q3 2025.
Spruce Power Holding (SPRU) Operating Margin (2020 - 2025) Analysis & Trends
Spruce Power Holding (SPRU) has reported Operating Margin for 6 consecutive years, with 9.36% the latest figure, recorded in Q4 2025.
- Quarterly Operating Margin rose 4120.0% year-over-year to 9.36% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 16.04% (up 7742.0% YoY) and the FY2025 annual result came in at 16.04%, up 7742.0% from the prior year.
- Operating Margin eased to 9.36% in Q4 2025 per SPRU's latest filing, from 27.61% in the prior quarter.
- Over the last five years, Operating Margin for SPRU reached as high as 27.61% in Q3 2025 and fell as low as 1494.22% in Q1 2021.
- A 5-year average of 182.74% and a median of 35.28% in 2021 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2021 — Operating Margin sank 120550 bps — and 2023, when it surged 37057 bps.
- Year by year, Operating Margin stood at 38.71% in 2021, then slumped by 151 bps to 97.13% in 2022, then soared by 44 bps to 54.21% in 2023, then surged by 41 bps to 31.85% in 2024, then soared by 129 bps to 9.36% in 2025.
- According to Business Quant data, Operating Margin over the past three periods registered 9.36%, 27.61%, and 26.78% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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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 | Spruce Power Holding | 38.83 Mn | -54.32 Mn | 16.96 Mn | 9.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 9.36% |
| Sep 30, 2025 | 27.61% |
| Jun 30, 2025 | 26.78% |
| Mar 31, 2025 | -7.11% |
| Dec 31, 2024 | -31.85% |
| Sep 30, 2024 | -173.82% |
| Jun 30, 2024 | -14.95% |
| Mar 31, 2024 | -19.67% |
| Dec 31, 2023 | -54.21% |
| Sep 30, 2023 | -105.45% |
| Jun 30, 2023 | -4.26% |
| Mar 31, 2023 | -15.57% |
| Dec 31, 2022 | -97.13% |
| Sep 30, 2022 | -476.02% |
| Dec 31, 2021 | -38.71% |
| Sep 30, 2021 | -477.16% |
| Jun 30, 2021 | -342.96% |
| Mar 31, 2021 | -1,494.22% |
| Dec 31, 2020 | -18.02% |
| Sep 30, 2020 | -97.71% |