Sunrun (RUN) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 30.4%
EBITDA Margin: 20.2%
Op. Margin: -6.0%
Net Margin: 23.2%

Op. margin of -6.0% is up 16.8% YoY — cost efficiency is improving. Net margin at 23.2% and gross margin of 30.4% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit