Sunrun Inc. (RUN) Financial Ratios
13 years of historical data (2013–2025) · Energy · Solar
EV/EBITDA
24.05
↓-10% vs avg
5yr avg: 26.83
30Y Low26.8·High75.0
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↑
0.70
-5% vs avg
5yr avg: 0.74
30Y Low0.5·High1.3
ROE
↑
9.8%
↓+180% vs avg
5yr avg: -12.3%
30Y Low-51%·High11%
Debt/EBITDA
21.43
+0% vs avg
5yr avg: 21.43
30Y Low21.4·High21.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RUN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Sunrun Inc. trades at 7.5x earnings, 30% below its 5-year average of 10.8x, sitting at the 50th percentile of its historical range. Compared to the Energy sector median P/E of 15.8x, the stock trades at a discount of 53%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.1B | $5.0B | $2.1B | $4.3B | $5.3B | $7.0B | $9.7B | $1.7B | $1.3B | $638M | $557M |
| Enterprise Value | $16.7B | $18.6B | $14.5B | $14.7B | $13.3B | $13.3B | $14.3B | $4.1B | $3.2B | $1.9B | $1.4B |
| P/E Ratio → | 7.49 | 10.76 | — | — | — | — | — | — | 47.35 | 5.13 | 7.38 |
| P/S Ratio | 1.03 | 1.69 | 1.01 | 1.88 | 2.27 | 4.37 | 10.50 | 1.99 | 1.68 | 1.21 | 1.23 |
| P/B Ratio | 0.70 | 1.00 | 0.49 | 0.62 | 0.64 | 0.93 | 1.33 | 1.04 | 0.91 | 0.49 | 0.52 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
RUN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Sunrun Inc.'s enterprise value stands at 24.0x EBITDA, 10% below its 5-year average of 26.8x. The Energy sector median is 8.0x, placing the stock at a 202% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.30 | 7.12 | 6.49 | 5.72 | 8.25 | 15.56 | 4.74 | 4.21 | 3.56 | 3.12 |
| EV / EBITDA | 24.05 | 26.83 | — | — | — | — | — | — | 74.96 | — | — |
| EV / EBIT | — | 15.16 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
RUN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Sunrun Inc. earns an operating margin of -4.3%, below the Energy sector average of 13.9%. Operating margins have expanded from -87.6% to -4.3% over the past 3 years, signaling improving operational efficiency. ROE of 9.8% is modest.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.8% | 26.8% | 16.1% | 7.2% | 12.9% | 15.2% | 19.4% | 24.8% | 29.6% | 15.4% | 12.0% |
| Operating Margin | -4.3% | -4.3% | -181.3% | -87.6% | -28.5% | -41.4% | -50.4% | -25.1% | -16.0% | -34.4% | -47.3% |
| Net Profit Margin | 15.2% | 15.2% | -139.7% | -71.0% | 7.5% | -4.9% | -18.8% | 3.1% | 3.5% | 23.5% | 20.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.8% | 9.8% | -51.4% | -21.3% | 2.2% | -1.1% | -3.9% | 1.7% | 2.0% | 10.6% | 9.8% |
| ROA | 2.0% | 2.0% | -14.1% | -8.1% | 1.0% | -0.5% | -1.7% | 0.5% | 0.6% | 3.3% | 2.9% |
| ROIC | -0.5% | -0.5% | -16.3% | -8.9% | -3.3% | -3.9% | -4.4% | -4.4% | -3.1% | -6.1% | -9.9% |
| ROCE | -0.6% | -0.6% | -19.7% | -10.7% | -3.9% | -4.6% | -5.0% | -4.5% | -3.1% | -5.3% | -7.4% |
RUN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Sunrun Inc. carries a Debt/EBITDA ratio of 21.4x, which is highly leveraged (719% above the sector average of 2.6x). Net debt stands at $13.6B ($14.9B total debt minus $1.2B cash). Interest coverage of just 0.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.99 | 2.99 | 3.13 | 1.60 | 1.07 | 0.91 | 0.71 | 1.60 | 1.53 | 1.13 | 1.00 |
| Debt / EBITDA | 21.43 | 21.43 | — | — | — | — | — | — | 50.41 | — | — |
| Net Debt / Equity | — | 2.74 | 2.99 | 1.51 | 0.98 | 0.83 | 0.64 | 1.44 | 1.37 | 0.97 | 0.81 |
| Net Debt / EBITDA | 19.65 | 19.65 | — | — | — | — | — | — | 45.11 | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 0.51 | 0.51 | -4.17 | -3.13 | -0.90 | -1.96 | -1.98 | -1.29 | -0.90 | -1.98 | -2.61 |
RUN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.66x means Sunrun Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.27x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.26x to 1.66x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.66 | 1.66 | 1.29 | 1.26 | 1.82 | 1.53 | 1.26 | 1.38 | 1.24 | 1.29 | 1.51 |
| Quick Ratio | 1.27 | 1.27 | 0.99 | 0.96 | 1.14 | 1.03 | 0.95 | 0.89 | 1.03 | 1.01 | 1.23 |
| Cash Ratio | 0.95 | 0.95 | 0.43 | 0.46 | 0.64 | 0.61 | 0.58 | 0.51 | 0.61 | 0.60 | 0.84 |
| Asset Turnover | — | 0.12 | 0.10 | 0.11 | 0.12 | 0.10 | 0.06 | 0.15 | 0.16 | 0.13 | 0.13 |
| Inventory Turnover | 4.32 | 4.32 | 4.25 | 4.56 | 2.58 | 2.69 | 2.63 | 2.48 | 6.73 | 4.75 | 5.93 |
| Days Sales Outstanding | — | 32.42 | 30.58 | 27.78 | 33.69 | 33.11 | 37.66 | 33.04 | 33.20 | 39.69 | 51.93 |
RUN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sunrun Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 13.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.3% | 9.3% | — | — | — | — | — | — | 2.1% | 19.5% | 13.6% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | 0.1% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | 0.1% |
| Shares Outstanding | — | $271M | $222M | $217M | $219M | $205M | $140M | $124M | $117M | $108M | $105M |
Peer Comparison
Compare RUN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RUNYou | $3B | 7.5 | 24.0 | — | 26.8% | -4.3% | 9.8% | -0.5% | 21.4 |
 SPWR | $103M | -9.4 | — | — | 48.5% | -2.0% | — | -5.3% | — |
 ARRY | $1B | -10.8 | 13.2 | 15.2 | 21.2% | 6.6% | -19.0% | 9.0% | 5.8 |
 SHLS | $2B | 51.4 | 29.1 | — | 35.0% | 11.9% | 5.8% | 5.9% | 2.7 |
 ENPH | $6B | 36.6 | 28.5 | 64.9 | 46.6% | 11.2% | 17.9% | 6.8% | 5.1 |
 SEDG | $3B | -7.6 | — | 39.4 | 15.3% | -24.1% | -74.7% | -29.5% | — |
 FSLR | $27B | 17.5 | 11.1 | 22.6 | 40.6% | 32.3% | 17.4% | 17.6% | 0.2 |
 CSIQ | $999M | -9.5 | 11.3 | — | 18.3% | 0.8% | -2.5% | 0.4% | 12.8 |
 JKS | $227M | -0.3 | 16.4 | — | 2.2% | -9.3% | -14.4% | -8.0% | 27.5 |
 GNRC | $16B | 102.1 | 35.3 | 60.1 | 38.3% | 6.9% | 6.2% | 5.9% | 2.8 |
 STEM | $65M | -0.8 | — | 9.5 | 38.4% | -35.6% | — | -52.6% | — |
| Energy Median | — | 15.8 | 8.0 | 14.2 | 33.6% | 13.9% | 7.1% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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RUN — Frequently Asked Questions
Quick answers to the most common questions about buying RUN stock.
What is Sunrun Inc.'s P/E ratio?
Sunrun Inc.'s current P/E ratio is 7.5x. The historical average is 17.7x. This places it at the 50th percentile of its historical range.
What is Sunrun Inc.'s EV/EBITDA?
Sunrun Inc.'s current EV/EBITDA is 24.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 50.9x.
What is Sunrun Inc.'s ROE?
Sunrun Inc.'s return on equity (ROE) is 9.8%. The historical average is -4.8%.
Is RUN stock overvalued?
Based on historical data, Sunrun Inc. is trading at a P/E of 7.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Sunrun Inc.'s profit margins?
Sunrun Inc. has 26.8% gross margin and -4.3% operating margin.
How much debt does Sunrun Inc. have?
Sunrun Inc.'s Debt/EBITDA ratio is 21.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.