SunPower Inc. (SPWR) 10-Year Financial Performance & Capital Metrics

SPWR • • Industrial / General

EnergySolarSolar Project Development & InstallationIntegrated Solar Solutions

AboutSunPower, Inc. is a solar technology, services, and installation company. It offers sales enablement, project management, partner coordination, and customer communication. The company was founded William J. Anderson by in 2010 and is headquartered in Fremont, CA.Show more

Revenue $109M +24.1%
EBITDA -$66M -27.9%
Net Income -$56M +79.1%
EPS (Diluted) -0.75 +51.3%
Gross Margin 36.33% +78.9%
EBITDA Margin -60.49% -3.0%
Operating Margin -63% -5.4%
Net Margin -51.91% +83.1%
ROE -
ROIC -381.82% -3509.3%
Debt/Equity -
Interest Coverage -4.22 -13.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 57.0% through buybacks

✗Weaknesses

✗Negative free cash flow
✗Sales declining 37.0% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-28.3%

5Y-36.96%

3Y-54.15%

TTM166.94%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM42.72%

EPS CAGR

10Y-

5Y-

3Y-

TTM22.38%

ROCE

10Y Avg-438.33%

5Y Avg-870.07%

3Y Avg-1450.14%

Latest-4331.9%

Peer Comparison

Integrated Solar Solutions

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
SPRUSpruce Power Holding Corporation	93.02M	5.12	-1.34	2.81%	-23.2%	-19.68%	4.87
SMXTSolarmax Technology Inc. Common Stock	56.48M	1.04	-1.35	-57.54%	-18.4%
BEEMBeam Global	31.4M	1.65	-2.14	-26.75%	-105.89%	-110.47%	0.05
SPWRSunPower Inc.	189.09M	1.69	-2.25	24.11%	-11.14%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.58B	2.55B	1.79B	1.2B	1.09B	29.38M	1.13B	66.47M	87.62M	108.74M
Revenue Growth %	-0.48%	0.62%	-0.3%	-0.33%	-0.09%	-0.97%	37.41%	-0.94%	0.32%	0.24%
Cost of Goods Sold+	1.33B	2.37B	1.81B	1.67B	928.75M	17.1M	876.31M	46.65M	69.83M	69.24M
COGS % of Revenue	0.84%	0.93%	1.01%	1.39%	0.85%	0.58%	0.78%	0.7%	0.8%	0.64%
Gross Profit+	244.65M	183.04M	-18.64M	-465.75M	163.48M	12.28M	252.05M	19.83M	17.79M	39.5M
Gross Margin %	0.16%	0.07%	-0.01%	-0.39%	0.15%	0.42%	0.22%	0.3%	0.2%	0.36%
Gross Profit Growth %	-0.61%	-0.25%	-1.1%	-23.98%	1.35%	-0.92%	19.52%	-0.92%	-0.1%	1.22%
Operating Expenses+	444.55M	450.94M	360.89M	341.82M	206.33M	17.4M	251.91M	40.98M	70.15M	108.01M
OpEx % of Revenue	0.28%	0.18%	0.2%	0.28%	0.19%	0.59%	0.22%	0.62%	0.8%	0.99%
Selling, General & Admin	345.49M	332.76M	278.64M	260.11M	172.11M	17.4M	232.25M	40.98M	70.15M	108.01M
SG&A % of Revenue	0.22%	0.13%	0.16%	0.22%	0.16%	0.59%	0.21%	0.62%	0.8%	0.99%
Research & Development	99.06M	117.45M	82.25M	81.7M	34.22M	0	15.81M	0	23.96M	0
R&D % of Revenue	0.06%	0.05%	0.05%	0.07%	0.03%	-	0.01%	-	0.27%	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-206.29M	-227.83M	-379.54M	-303.18M	60.57M	-5.12M	5.46M	-21.16M	-52.36M	-68.51M
Operating Margin %	-0.13%	-0.09%	-0.21%	-0.25%	0.06%	-0.17%	0%	-0.32%	-0.6%	-0.63%
Operating Income Growth %	-1.82%	-0.1%	-0.67%	0.2%	1.2%	-1.08%	2.07%	-4.88%	-1.47%	-0.31%
EBITDA+	-68.29M	-57.29M	-194.25M	-175.98M	140.65M	-4.82M	17.39M	-20.51M	-51.43M	-65.77M
EBITDA Margin %	-0.04%	-0.02%	-0.11%	-0.15%	0.13%	-0.16%	0.02%	-0.31%	-0.59%	-0.6%
EBITDA Growth %	-1.19%	0.16%	-2.39%	0.09%	1.8%	-1.03%	4.61%	-2.18%	-1.51%	-0.28%
D&A (Non-Cash Add-back)	138.01M	170.54M	185.28M	127.2M	80.08M	298K	11.94M	648K	930K	2.74M
EBIT	-198.51M	-467.12M	-1.11B	-258.28M	239.97M	-5.16M	27.96M	-23.01M	-82.18M	-38.22M
Net Interest Income+	-41.68M	-58.62M	-88.19M	-105.91M	-46.65M	-27.93M	-23.86M	-18.36M	-14M	-16.2M
Interest Income	2.12M	2.65M	2.1M	3.06M	2.31M	754K	168K	3.2M	36K	19K
Interest Expense	43.8M	61.27M	90.29M	108.26M	48.96M	28.68M	24.03M	21.57M	14.03M	16.22M
Other Income/Expense	-36.02M	-286.27M	-795.27M	-595.49M	130.44M	-564K	-1.53M	-6.84M	-43.86M	14.06M
Pretax Income+	-242.31M	-514.1M	-1.17B	-898.67M	191.01M	-5.68M	3.92M	-28M	-96.22M	-54.44M
Pretax Margin %	-0.15%	-0.2%	-0.65%	-0.75%	0.17%	-0.19%	0%	-0.42%	-1.1%	-0.5%
Income Tax+	66.69M	7.32M	-3.94M	-1.01M	16.51M	3K	7.31M	27K	-20K	0
Effective Tax Rate %	0.77%	0.87%	0.79%	0.9%	0.12%	1%	-11.9%	1.05%	2.8%	1.04%
Net Income+	-187.02M	-448.63M	-929.12M	-811.09M	22.16M	-5.68M	-46.7M	-29.48M	-269.56M	-56.45M
Net Margin %	-0.12%	-0.18%	-0.52%	-0.67%	0.02%	-0.19%	-0.04%	-0.44%	-3.08%	-0.52%
Net Income Growth %	-1.76%	-1.4%	-1.07%	0.13%	1.03%	-1.26%	-7.22%	0.37%	-8.14%	0.79%
Net Income (Continuing)	-299.44M	-521.41M	-1.17B	-383.47M	172.78M	-5.68M	-3.39M	-28.02M	-96.2M	-54.44M
Discontinued Operations	0	0	0	0	0	0	0	-1.45M	-25.85M	-2.01M
Minority Interest	59.49M	79.49M	15.24M	58.81M	11.34M	2.32M	1.64M	803K	970K	0
EPS (Diluted)+	-1.39	-3.41	-6.67	-5.76	0.13	2.41	-0.27	0.25	-1.54	-0.75
EPS Growth %	-1.9%	-1.45%	-0.96%	0.14%	1.02%	17.54%	-1.11%	1.93%	-7.16%	0.51%
EPS (Basic)	-1.39	-3.41	-6.67	-5.76	0.15	2.79	-0.27	0.25	-4.94	-0.75
Diluted Shares Outstanding	134.88M	137.99M	139.37M	140.82M	169.65M	197.24M	172.44M	174.6M	175.3M	75.35M
Basic Shares Outstanding	134.88M	137.99M	139.37M	140.82M	144.8M	169.8M	172.44M	173.92M	24.72M	75.35M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.51B	1.91B	1.35B	1.07B	1.38B	790.32M	1.07B	1.27B	37.75M	95.6M
Cash & Short-Term Investments	954.53M	425.31M	435.1M	309.41M	302M	232.76M	489.62M	509.51M	2.59M	13.38M
Cash Only	954.53M	425.31M	435.1M	309.41M	302M	232.76M	127.13M	377.03M	2.59M	13.38M
Short-Term Investments	0	0	0	0	0	0	365.88M	132.48M	0	0
Accounts Receivable	322.65M	352.51M	300.62M	292.17M	247.48M	223.37M	151.67M	230.7M	26.28M	51.91M
Days Sales Outstanding	74.7	50.41	61.16	88.7	82.7	2.78K	49.06	1.27K	109.48	174.23
Inventory	382.39M	401.71M	352.83M	308.15M	163.41M	210.58M	214.93M	316.81M	3.67M	22.11M
Days Inventory Outstanding	104.8	61.88	71.04	67.43	64.22	4.5K	89.52	2.48K	19.2	116.55
Other Current Assets	621.14M	510.02M	208.54M	101.49M	635.74M	109.51M	217.51M	204.52M	1.02M	4.8M
Total Non-Current Assets+	2.34B	2.65B	2.68B	1.28B	790.99M	856.17M	485.59M	511.49M	518.32M	48.86M
Property, Plant & Equipment	1.27B	1.68B	1.52B	932.43M	150.9M	151.24M	110.72M	153.23M	177.38M	8.53M
Fixed Asset Turnover	1.24x	1.52x	1.18x	1.29x	7.24x	0.19x	10.19x	0.43x	0.49x	12.74x
Goodwill	58.13M	0	0	0	0	0	126.34M	126.34M	126M	18.48M
Intangible Assets	61.44M	44.22M	25.52M	12.58M	7.47M	697K	24.88M	24.19M	14.02M	17.39M
Long-Term Investments	222.77M	32.49M	485.84M	88.69M	192.21M	624.87M	100.65M	52.39M	9.11M	3.84M
Other Non-Current Assets	732.3M	893.85M	648.6M	245.17M	440.42M	79.36M	123M	155.35M	191.81M	628K
Total Assets+	4.86B	4.57B	4.03B	2.35B	2.17B	1.65B	1.55B	1.76B	47.32M	144.47M
Asset Turnover	0.32x	0.56x	0.45x	0.51x	0.50x	0.02x	0.73x	0.04x	1.85x	0.75x
Asset Growth %	0.11%	-0.06%	-0.12%	-0.42%	-0.08%	-0.24%	-0.06%	0.13%	-0.97%	2.05%
Total Current Liabilities+	998.6M	1.09B	1.1B	705.01M	898.41M	529.73M	513.62M	1.05B	109.18M	79.44M
Accounts Payable	514.65M	540.29M	406.9M	325.55M	207.06M	166.07M	140.22M	243.14M	13.12M	7.98M
Days Payables Outstanding	141.05	83.22	81.93	71.24	81.38	3.55K	58.41	1.9K	68.59	42.07
Short-Term Debt	21.04M	71.38M	357.82M	40.07M	44.47M	169.33M	109.57M	507.16M	61.94M	1.5M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	80.25M	68.29M	83.78M	94.22M	487M	45.72M	129.47M	88.31M	26.19M	14.79M
Current Ratio	2.52x	1.76x	1.23x	1.52x	1.54x	1.49x	2.09x	1.21x	0.35x	1.20x
Quick Ratio	2.14x	1.39x	0.91x	1.09x	1.36x	1.09x	1.67x	0.90x	0.31x	0.93x
Cash Conversion Cycle	38.46	29.06	50.27	84.89	65.54	3.73K	80.18	1.84K	60.1	248.72
Total Non-Current Liabilities+	2.28B	2.39B	2.24B	1.8B	1.25B	710.26M	659.15M	155.94M	156.5M	162.56M
Long-Term Debt	1.59B	1.56B	1.25B	858.88M	932.6M	478.89M	424.06M	308K	0	145.83M
Capital Lease Obligations	154.68M	234.25M	479.6M	583.42M	36.66M	43.61M	28.69M	37.23M	664K	2.26M
Deferred Tax Liabilities	0	0	-222.2M	0	246K	13.47M	15.83M	0	0	0
Other Non-Current Liabilities	409.88M	401.47M	272.76M	199.95M	210.34M	107.6M	130.31M	118.41M	155.83M	13.55M
Total Liabilities	3.28B	3.48B	3.34B	2.5B	2.15B	1.24B	1.16B	1.2B	124.14M	242M
Total Debt+	1.77B	1.87B	1.6B	898.96M	1.02B	691.82M	587.64M	559M	63.21M	153.06M
Net Debt	818.49M	1.45B	1.65B	1.17B	719.29M	459.06M	450.36M	181.97M	60.62M	139.68M
Debt / Equity	1.18x	1.72x	2.66x	-	47.50x	1.70x	1.51x	0.97x	-	-
Debt / EBITDA	-	-	-	-	7.26x	-	33.79x	-	-	-
Net Debt / EBITDA	-	-	-	-	5.11x	-	25.89x	-	-	-
Interest Coverage	-4.71x	-3.72x	-4.20x	-2.80x	1.24x	-0.18x	0.23x	-0.98x	-3.73x	-4.22x
Total Equity+	1.51B	1.09B	603.45M	-149.89M	21.5M	406.49M	390.02M	575.65M	-75.84M	-97.54M
Equity Growth %	-0.04%	-0.28%	-0.45%	-1.25%	1.14%	17.91%	-0.04%	0.48%	-1.13%	-0.29%
Book Value per Share	11.18	7.88	4.33	-1.06	0.13	2.06	2.26	3.30	-0.43	-1.29
Total Shareholders' Equity	1.45B	1.01B	588.21M	-208.7M	10.16M	404.17M	388.39M	574.85M	-76.81M	-97.54M
Common Stock	137K	139K	140K	141K	168K	170K	173K	174K	7K	14K
Retained Earnings	-747.62M	-1.22B	-1.67B	-2.48B	-2.45B	-2.09B	-2.12B	-2.09B	-354.93M	-411.38M
Treasury Stock	-155.26M	-176.78M	-181.54M	-187.07M	-192.63M	-205.48M	-215.24M	-226.65M	0	0
Accumulated OCI	-8.02M	-7.24M	-3.01M	-4.15M	-9.51M	8.8M	11.17M	11.57M	143K	165K
Minority Interest	59.49M	79.49M	15.24M	58.81M	11.34M	2.32M	1.64M	803K	970K	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-726.23M	-312.28M	-267.41M	-543.39M	-270.41M	-187.39M	-44.48M	-181.48M	-58.61M	-54.66M
Operating CF Margin %	-0.46%	-0.12%	-0.15%	-0.45%	-0.25%	-6.38%	-0.04%	-2.73%	-0.67%	-0.5%
Operating CF Growth %	-87.87%	0.57%	0.14%	-1.03%	0.5%	0.31%	0.76%	-3.08%	0.68%	0.07%
Net Income	-299.44M	-543.84M	-1.17B	-917.5M	-7.72M	471.82M	-47.39M	-28.02M	-96.2M	-54.44M
Depreciation & Amortization	138.01M	170.54M	185.28M	127.2M	80.08M	48.3M	11.51M	648K	930K	2.74M
Stock-Based Compensation	58.96M	58.96M	34.67M	26.35M	26.93M	24.82M	25.9M	26.43M	26.2M	3.07M
Deferred Taxes	50.24M	-6.61M	-6.97M	-6.86M	5.07M	19.24M	5.69M	-13.97M	0	0
Other Non-Cash Items	-54.65M	189.91M	732.39M	544.3M	-286.19M	-693.71M	-14.61M	3.03M	20.98M	616K
Working Capital Changes	-619.35M	-181.23M	-41.93M	-316.88M	-88.58M	-57.87M	-25.58M	-174.67M	-10.53M	-6.64M
Change in Receivables	311.74M	28.7M	9.47M	-174K	-66.19M	98.96M	-18.55M	-63.61M	4.88M	-18.14M
Change in Inventory	-237.76M	3.89M	30.53M	-39.17M	-128.4M	-29.81M	-5.33M	-111.35M	34.82M	8.65M
Change in Payables	90.9M	-12.15M	-192.1M	-127.29M	79.98M	-91.05M	-11.93M	122.99M	-22.57M	-10.41M
Cash from Investing+	109.4M	-354.78M	-293.08M	274.9M	21.37M	129.19M	54.29M	492.97M	6.17M	-54.66M
Capital Expenditures	-338.37M	-310.13M	-282.88M	-155.33M	-111.6M	-21.11M	-14.18M	-1.51M	-1.97M	-1.16M
CapEx % of Revenue	0.21%	0.12%	0.16%	0.13%	0.1%	0.72%	0.01%	0.02%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-23.17M	-5.48M	-2.18M	447.23M	104.88M	-123.43M	900K	150K	-1.94M	0
Cash from Financing+	619.97M	159.78M	589.93M	85.85M	344.31M	-153.85M	-108.01M	31.19M	50.42M	120.1M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	252.19M	121.58M	179.2M	129.29M	-5.17M	-829K	100K	-1.3M	19.88M	6.53M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.06B	-622.93M	-550.29M	-698.72M	-382.01M	-208.5M	-58.65M	-235.39M	-60.59M	-55.82M
FCF Margin %	-0.68%	-0.24%	-0.31%	-0.58%	-0.35%	-7.1%	-0.05%	-3.54%	-0.69%	-0.51%
FCF Growth %	-5.71%	0.41%	0.12%	-0.27%	0.45%	0.45%	0.72%	-3.01%	0.74%	0.08%
FCF per Share	-7.89	-4.51	-3.95	-4.96	-2.25	-1.06	-0.34	-1.35	-0.35	-0.74
FCF Conversion (FCF/Net Income)	3.88x	0.70x	0.29x	0.67x	-12.20x	32.98x	0.95x	6.16x	0.22x	0.97x
Interest Paid	34.91M	35.77M	59.88M	99.2M	32.78M	31.7M	25.29M	21.06M	0	77K
Taxes Paid	29.51M	35.41M	12.79M	7.8M	8.99M	18.71M	22.82M	6K	0	10K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-12.13%	-34.56%	-109.91%	-357.66%	103.07%	-2.66%	-11.73%	-6.1%	-107.86%	-
Return on Invested Capital (ROIC)	-7.27%	-7.03%	-13.22%	-20.55%	7.7%	-0.48%	0.48%	-1.97%	-10.58%	-381.82%
Gross Margin	15.52%	7.17%	-1.04%	-38.74%	14.97%	41.8%	22.34%	29.83%	20.3%	36.33%
Net Margin	-11.86%	-17.58%	-51.79%	-67.46%	2.03%	-19.34%	-4.14%	-44.34%	-307.66%	-51.91%
Debt / Equity	1.18x	1.72x	2.66x	-	47.50x	1.70x	1.51x	0.97x	-	-
Interest Coverage	-4.71x	-3.72x	-4.20x	-2.80x	1.24x	-0.18x	0.23x	-0.98x	-3.73x	-4.22x
FCF Conversion	3.88x	0.70x	0.29x	0.67x	-12.20x	32.98x	0.95x	6.16x	0.22x	0.97x
Revenue Growth	-47.92%	61.92%	-29.72%	-32.98%	-9.16%	-97.31%	3740.83%	-94.11%	31.8%	24.11%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
Reportable Subsegments	-	-	-	-	-	-	-	-	-	108.74M
Reportable Subsegments Growth	-	-	-	-	-	-	-	-	-	-
Solar Power Systems Sales And EPC Services	-	-	-	-	62.3M	176.4M	163M	225.6M	1.34B	-
Solar Power Systems Sales And EPC Services Growth	-	-	-	-	-	183.15%	-7.60%	38.40%	494.15%	-
Operations and Maintenance	-	-	-	-	-	-	-	-	17.05M	-
Operations and Maintenance Growth	-	-	-	-	-	-	-	-	-	-
Leasing Revenue	-	-	-	-	-	-	-	12.05M	-	-
Leasing Revenue Growth	-	-	-	-	-	-	-	-	-	-
Modules and components	-	-	-	-	466.6M	450.1M	253.6M	-	-	-
Modules and components Growth	-	-	-	-	-	-3.54%	-43.66%	-	-	-
Solar Services	-	-	-	-	-	8.1M	6.74M	-	-	-
Solar Services Growth	-	-	-	-	-	-	-16.79%	-	-	-
Residential Leasing	-	-	-	-	272.21M	10.4M	4.79M	-	-	-
Residential Leasing Growth	-	-	-	-	-	-96.18%	-53.92%	-	-	-
Solar Power Systems, Components, And Other	-	-	-	-	1.45B	1.84B	-	-	-	-
Solar Power Systems, Components, And Other Growth	-	-	-	-	-	26.22%	-	-	-	-
O&M contracts of utility-scale PV solar power systems	-	-	-	-	10.6M	-	-	-	-	-
O&M contracts of utility-scale PV solar power systems Growth	-	-	-	-	-	-	-	-	-	-
Power Plant	-	655.81M	1.4B	21.37M	-	-	-	-	-	-
Power Plant Growth	-	-	113.83%	-98.48%	-	-	-	-	-	-
Residential leases	129.96M	186.81M	720.33M	-	-	-	-	-	-	-
Residential leases Growth	-	43.74%	285.59%	-	-	-	-	-	-	-
Commercial	-	277.14M	436.92M	-7.12M	-	-	-	-	-	-
Commercial Growth	-	-	57.65%	-101.63%	-	-	-	-	-	-
Solar Power Systems	1.9B	456.71M	-	-	-	-	-	-	-	-
Solar Power Systems Growth	-	-75.92%	-	-	-	-	-	-	-	-
Solar Power Product	943.65M	-	-	-	-	-	-	-	-	-
Solar Power Product Growth	-	-	-	-	-	-	-	-	-	-
other product	56.95M	-	-	-	-	-	-	-	-	-
other product Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
Asia Pacific	415.29M	-	-	-	-	-	-	-	-	-
Asia Pacific Growth	-	-	-	-	-	-	-	-	-	-
Americas	408.62M	-	-	-	-	-	-	-	-	-
Americas Growth	-	-	-	-	-	-	-	-	-	-
EMEA	288.53M	-	-	-	-	-	-	-	-	-
EMEA Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

SunPower Inc. (SPWR) reported $290.3M in revenue for fiscal year 2024. This represents a 87% decrease from $2.31B in 2011.

SunPower Inc. (SPWR) grew revenue by 24.1% over the past year. This is strong growth.

SunPower Inc. (SPWR) reported a net loss of $32.3M for fiscal year 2024.

Dividend & Returns

SunPower Inc. (SPWR) had negative free cash flow of $19.8M in fiscal year 2024, likely due to heavy capital investments.

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SunPower Inc. (SPWR) 10-Year Financial Performance & Capital Metrics

SPWR • • Industrial / General

EnergySolarSolar Project Development & InstallationIntegrated Solar Solutions

Revenue $109M +24.1%
EBITDA -$66M -27.9%
Net Income -$56M +79.1%
EPS (Diluted) -0.75 +51.3%
Gross Margin 36.33% +78.9%
EBITDA Margin -60.49% -3.0%
Operating Margin -63% -5.4%
Net Margin -51.91% +83.1%
ROE -
ROIC -381.82% -3509.3%
Debt/Equity -
Interest Coverage -4.22 -13.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 57.0% through buybacks

✗Weaknesses

✗Negative free cash flow
✗Sales declining 37.0% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-28.3%

5Y-36.96%

3Y-54.15%

TTM166.94%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM42.72%

EPS CAGR

10Y-

5Y-

3Y-

TTM22.38%

ROCE

10Y Avg-438.33%

5Y Avg-870.07%

3Y Avg-1450.14%

Latest-4331.9%

Peer Comparison

Integrated Solar Solutions

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
SPRUSpruce Power Holding Corporation	93.02M	5.12	-1.34	2.81%	-23.2%	-19.68%	4.87
SMXTSolarmax Technology Inc. Common Stock	56.48M	1.04	-1.35	-57.54%	-18.4%
BEEMBeam Global	31.4M	1.65	-2.14	-26.75%	-105.89%	-110.47%	0.05
SPWRSunPower Inc.	189.09M	1.69	-2.25	24.11%	-11.14%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.58B	2.55B	1.79B	1.2B	1.09B	29.38M	1.13B	66.47M	87.62M	108.74M
Revenue Growth %	-0.48%	0.62%	-0.3%	-0.33%	-0.09%	-0.97%	37.41%	-0.94%	0.32%	0.24%
Cost of Goods Sold+	1.33B	2.37B	1.81B	1.67B	928.75M	17.1M	876.31M	46.65M	69.83M	69.24M
COGS % of Revenue	0.84%	0.93%	1.01%	1.39%	0.85%	0.58%	0.78%	0.7%	0.8%	0.64%
Gross Profit+	244.65M	183.04M	-18.64M	-465.75M	163.48M	12.28M	252.05M	19.83M	17.79M	39.5M
Gross Margin %	0.16%	0.07%	-0.01%	-0.39%	0.15%	0.42%	0.22%	0.3%	0.2%	0.36%
Gross Profit Growth %	-0.61%	-0.25%	-1.1%	-23.98%	1.35%	-0.92%	19.52%	-0.92%	-0.1%	1.22%
Operating Expenses+	444.55M	450.94M	360.89M	341.82M	206.33M	17.4M	251.91M	40.98M	70.15M	108.01M
OpEx % of Revenue	0.28%	0.18%	0.2%	0.28%	0.19%	0.59%	0.22%	0.62%	0.8%	0.99%
Selling, General & Admin	345.49M	332.76M	278.64M	260.11M	172.11M	17.4M	232.25M	40.98M	70.15M	108.01M
SG&A % of Revenue	0.22%	0.13%	0.16%	0.22%	0.16%	0.59%	0.21%	0.62%	0.8%	0.99%
Research & Development	99.06M	117.45M	82.25M	81.7M	34.22M	0	15.81M	0	23.96M	0
R&D % of Revenue	0.06%	0.05%	0.05%	0.07%	0.03%	-	0.01%	-	0.27%	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-206.29M	-227.83M	-379.54M	-303.18M	60.57M	-5.12M	5.46M	-21.16M	-52.36M	-68.51M
Operating Margin %	-0.13%	-0.09%	-0.21%	-0.25%	0.06%	-0.17%	0%	-0.32%	-0.6%	-0.63%
Operating Income Growth %	-1.82%	-0.1%	-0.67%	0.2%	1.2%	-1.08%	2.07%	-4.88%	-1.47%	-0.31%
EBITDA+	-68.29M	-57.29M	-194.25M	-175.98M	140.65M	-4.82M	17.39M	-20.51M	-51.43M	-65.77M
EBITDA Margin %	-0.04%	-0.02%	-0.11%	-0.15%	0.13%	-0.16%	0.02%	-0.31%	-0.59%	-0.6%
EBITDA Growth %	-1.19%	0.16%	-2.39%	0.09%	1.8%	-1.03%	4.61%	-2.18%	-1.51%	-0.28%
D&A (Non-Cash Add-back)	138.01M	170.54M	185.28M	127.2M	80.08M	298K	11.94M	648K	930K	2.74M
EBIT	-198.51M	-467.12M	-1.11B	-258.28M	239.97M	-5.16M	27.96M	-23.01M	-82.18M	-38.22M
Net Interest Income+	-41.68M	-58.62M	-88.19M	-105.91M	-46.65M	-27.93M	-23.86M	-18.36M	-14M	-16.2M
Interest Income	2.12M	2.65M	2.1M	3.06M	2.31M	754K	168K	3.2M	36K	19K
Interest Expense	43.8M	61.27M	90.29M	108.26M	48.96M	28.68M	24.03M	21.57M	14.03M	16.22M
Other Income/Expense	-36.02M	-286.27M	-795.27M	-595.49M	130.44M	-564K	-1.53M	-6.84M	-43.86M	14.06M
Pretax Income+	-242.31M	-514.1M	-1.17B	-898.67M	191.01M	-5.68M	3.92M	-28M	-96.22M	-54.44M
Pretax Margin %	-0.15%	-0.2%	-0.65%	-0.75%	0.17%	-0.19%	0%	-0.42%	-1.1%	-0.5%
Income Tax+	66.69M	7.32M	-3.94M	-1.01M	16.51M	3K	7.31M	27K	-20K	0
Effective Tax Rate %	0.77%	0.87%	0.79%	0.9%	0.12%	1%	-11.9%	1.05%	2.8%	1.04%
Net Income+	-187.02M	-448.63M	-929.12M	-811.09M	22.16M	-5.68M	-46.7M	-29.48M	-269.56M	-56.45M
Net Margin %	-0.12%	-0.18%	-0.52%	-0.67%	0.02%	-0.19%	-0.04%	-0.44%	-3.08%	-0.52%
Net Income Growth %	-1.76%	-1.4%	-1.07%	0.13%	1.03%	-1.26%	-7.22%	0.37%	-8.14%	0.79%
Net Income (Continuing)	-299.44M	-521.41M	-1.17B	-383.47M	172.78M	-5.68M	-3.39M	-28.02M	-96.2M	-54.44M
Discontinued Operations	0	0	0	0	0	0	0	-1.45M	-25.85M	-2.01M
Minority Interest	59.49M	79.49M	15.24M	58.81M	11.34M	2.32M	1.64M	803K	970K	0
EPS (Diluted)+	-1.39	-3.41	-6.67	-5.76	0.13	2.41	-0.27	0.25	-1.54	-0.75
EPS Growth %	-1.9%	-1.45%	-0.96%	0.14%	1.02%	17.54%	-1.11%	1.93%	-7.16%	0.51%
EPS (Basic)	-1.39	-3.41	-6.67	-5.76	0.15	2.79	-0.27	0.25	-4.94	-0.75
Diluted Shares Outstanding	134.88M	137.99M	139.37M	140.82M	169.65M	197.24M	172.44M	174.6M	175.3M	75.35M
Basic Shares Outstanding	134.88M	137.99M	139.37M	140.82M	144.8M	169.8M	172.44M	173.92M	24.72M	75.35M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.51B	1.91B	1.35B	1.07B	1.38B	790.32M	1.07B	1.27B	37.75M	95.6M
Cash & Short-Term Investments	954.53M	425.31M	435.1M	309.41M	302M	232.76M	489.62M	509.51M	2.59M	13.38M
Cash Only	954.53M	425.31M	435.1M	309.41M	302M	232.76M	127.13M	377.03M	2.59M	13.38M
Short-Term Investments	0	0	0	0	0	0	365.88M	132.48M	0	0
Accounts Receivable	322.65M	352.51M	300.62M	292.17M	247.48M	223.37M	151.67M	230.7M	26.28M	51.91M
Days Sales Outstanding	74.7	50.41	61.16	88.7	82.7	2.78K	49.06	1.27K	109.48	174.23
Inventory	382.39M	401.71M	352.83M	308.15M	163.41M	210.58M	214.93M	316.81M	3.67M	22.11M
Days Inventory Outstanding	104.8	61.88	71.04	67.43	64.22	4.5K	89.52	2.48K	19.2	116.55
Other Current Assets	621.14M	510.02M	208.54M	101.49M	635.74M	109.51M	217.51M	204.52M	1.02M	4.8M
Total Non-Current Assets+	2.34B	2.65B	2.68B	1.28B	790.99M	856.17M	485.59M	511.49M	518.32M	48.86M
Property, Plant & Equipment	1.27B	1.68B	1.52B	932.43M	150.9M	151.24M	110.72M	153.23M	177.38M	8.53M
Fixed Asset Turnover	1.24x	1.52x	1.18x	1.29x	7.24x	0.19x	10.19x	0.43x	0.49x	12.74x
Goodwill	58.13M	0	0	0	0	0	126.34M	126.34M	126M	18.48M
Intangible Assets	61.44M	44.22M	25.52M	12.58M	7.47M	697K	24.88M	24.19M	14.02M	17.39M
Long-Term Investments	222.77M	32.49M	485.84M	88.69M	192.21M	624.87M	100.65M	52.39M	9.11M	3.84M
Other Non-Current Assets	732.3M	893.85M	648.6M	245.17M	440.42M	79.36M	123M	155.35M	191.81M	628K
Total Assets+	4.86B	4.57B	4.03B	2.35B	2.17B	1.65B	1.55B	1.76B	47.32M	144.47M
Asset Turnover	0.32x	0.56x	0.45x	0.51x	0.50x	0.02x	0.73x	0.04x	1.85x	0.75x
Asset Growth %	0.11%	-0.06%	-0.12%	-0.42%	-0.08%	-0.24%	-0.06%	0.13%	-0.97%	2.05%
Total Current Liabilities+	998.6M	1.09B	1.1B	705.01M	898.41M	529.73M	513.62M	1.05B	109.18M	79.44M
Accounts Payable	514.65M	540.29M	406.9M	325.55M	207.06M	166.07M	140.22M	243.14M	13.12M	7.98M
Days Payables Outstanding	141.05	83.22	81.93	71.24	81.38	3.55K	58.41	1.9K	68.59	42.07
Short-Term Debt	21.04M	71.38M	357.82M	40.07M	44.47M	169.33M	109.57M	507.16M	61.94M	1.5M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	80.25M	68.29M	83.78M	94.22M	487M	45.72M	129.47M	88.31M	26.19M	14.79M
Current Ratio	2.52x	1.76x	1.23x	1.52x	1.54x	1.49x	2.09x	1.21x	0.35x	1.20x
Quick Ratio	2.14x	1.39x	0.91x	1.09x	1.36x	1.09x	1.67x	0.90x	0.31x	0.93x
Cash Conversion Cycle	38.46	29.06	50.27	84.89	65.54	3.73K	80.18	1.84K	60.1	248.72
Total Non-Current Liabilities+	2.28B	2.39B	2.24B	1.8B	1.25B	710.26M	659.15M	155.94M	156.5M	162.56M
Long-Term Debt	1.59B	1.56B	1.25B	858.88M	932.6M	478.89M	424.06M	308K	0	145.83M
Capital Lease Obligations	154.68M	234.25M	479.6M	583.42M	36.66M	43.61M	28.69M	37.23M	664K	2.26M
Deferred Tax Liabilities	0	0	-222.2M	0	246K	13.47M	15.83M	0	0	0
Other Non-Current Liabilities	409.88M	401.47M	272.76M	199.95M	210.34M	107.6M	130.31M	118.41M	155.83M	13.55M
Total Liabilities	3.28B	3.48B	3.34B	2.5B	2.15B	1.24B	1.16B	1.2B	124.14M	242M
Total Debt+	1.77B	1.87B	1.6B	898.96M	1.02B	691.82M	587.64M	559M	63.21M	153.06M
Net Debt	818.49M	1.45B	1.65B	1.17B	719.29M	459.06M	450.36M	181.97M	60.62M	139.68M
Debt / Equity	1.18x	1.72x	2.66x	-	47.50x	1.70x	1.51x	0.97x	-	-
Debt / EBITDA	-	-	-	-	7.26x	-	33.79x	-	-	-
Net Debt / EBITDA	-	-	-	-	5.11x	-	25.89x	-	-	-
Interest Coverage	-4.71x	-3.72x	-4.20x	-2.80x	1.24x	-0.18x	0.23x	-0.98x	-3.73x	-4.22x
Total Equity+	1.51B	1.09B	603.45M	-149.89M	21.5M	406.49M	390.02M	575.65M	-75.84M	-97.54M
Equity Growth %	-0.04%	-0.28%	-0.45%	-1.25%	1.14%	17.91%	-0.04%	0.48%	-1.13%	-0.29%
Book Value per Share	11.18	7.88	4.33	-1.06	0.13	2.06	2.26	3.30	-0.43	-1.29
Total Shareholders' Equity	1.45B	1.01B	588.21M	-208.7M	10.16M	404.17M	388.39M	574.85M	-76.81M	-97.54M
Common Stock	137K	139K	140K	141K	168K	170K	173K	174K	7K	14K
Retained Earnings	-747.62M	-1.22B	-1.67B	-2.48B	-2.45B	-2.09B	-2.12B	-2.09B	-354.93M	-411.38M
Treasury Stock	-155.26M	-176.78M	-181.54M	-187.07M	-192.63M	-205.48M	-215.24M	-226.65M	0	0
Accumulated OCI	-8.02M	-7.24M	-3.01M	-4.15M	-9.51M	8.8M	11.17M	11.57M	143K	165K
Minority Interest	59.49M	79.49M	15.24M	58.81M	11.34M	2.32M	1.64M	803K	970K	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-726.23M	-312.28M	-267.41M	-543.39M	-270.41M	-187.39M	-44.48M	-181.48M	-58.61M	-54.66M
Operating CF Margin %	-0.46%	-0.12%	-0.15%	-0.45%	-0.25%	-6.38%	-0.04%	-2.73%	-0.67%	-0.5%
Operating CF Growth %	-87.87%	0.57%	0.14%	-1.03%	0.5%	0.31%	0.76%	-3.08%	0.68%	0.07%
Net Income	-299.44M	-543.84M	-1.17B	-917.5M	-7.72M	471.82M	-47.39M	-28.02M	-96.2M	-54.44M
Depreciation & Amortization	138.01M	170.54M	185.28M	127.2M	80.08M	48.3M	11.51M	648K	930K	2.74M
Stock-Based Compensation	58.96M	58.96M	34.67M	26.35M	26.93M	24.82M	25.9M	26.43M	26.2M	3.07M
Deferred Taxes	50.24M	-6.61M	-6.97M	-6.86M	5.07M	19.24M	5.69M	-13.97M	0	0
Other Non-Cash Items	-54.65M	189.91M	732.39M	544.3M	-286.19M	-693.71M	-14.61M	3.03M	20.98M	616K
Working Capital Changes	-619.35M	-181.23M	-41.93M	-316.88M	-88.58M	-57.87M	-25.58M	-174.67M	-10.53M	-6.64M
Change in Receivables	311.74M	28.7M	9.47M	-174K	-66.19M	98.96M	-18.55M	-63.61M	4.88M	-18.14M
Change in Inventory	-237.76M	3.89M	30.53M	-39.17M	-128.4M	-29.81M	-5.33M	-111.35M	34.82M	8.65M
Change in Payables	90.9M	-12.15M	-192.1M	-127.29M	79.98M	-91.05M	-11.93M	122.99M	-22.57M	-10.41M
Cash from Investing+	109.4M	-354.78M	-293.08M	274.9M	21.37M	129.19M	54.29M	492.97M	6.17M	-54.66M
Capital Expenditures	-338.37M	-310.13M	-282.88M	-155.33M	-111.6M	-21.11M	-14.18M	-1.51M	-1.97M	-1.16M
CapEx % of Revenue	0.21%	0.12%	0.16%	0.13%	0.1%	0.72%	0.01%	0.02%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-23.17M	-5.48M	-2.18M	447.23M	104.88M	-123.43M	900K	150K	-1.94M	0
Cash from Financing+	619.97M	159.78M	589.93M	85.85M	344.31M	-153.85M	-108.01M	31.19M	50.42M	120.1M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	252.19M	121.58M	179.2M	129.29M	-5.17M	-829K	100K	-1.3M	19.88M	6.53M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.06B	-622.93M	-550.29M	-698.72M	-382.01M	-208.5M	-58.65M	-235.39M	-60.59M	-55.82M
FCF Margin %	-0.68%	-0.24%	-0.31%	-0.58%	-0.35%	-7.1%	-0.05%	-3.54%	-0.69%	-0.51%
FCF Growth %	-5.71%	0.41%	0.12%	-0.27%	0.45%	0.45%	0.72%	-3.01%	0.74%	0.08%
FCF per Share	-7.89	-4.51	-3.95	-4.96	-2.25	-1.06	-0.34	-1.35	-0.35	-0.74
FCF Conversion (FCF/Net Income)	3.88x	0.70x	0.29x	0.67x	-12.20x	32.98x	0.95x	6.16x	0.22x	0.97x
Interest Paid	34.91M	35.77M	59.88M	99.2M	32.78M	31.7M	25.29M	21.06M	0	77K
Taxes Paid	29.51M	35.41M	12.79M	7.8M	8.99M	18.71M	22.82M	6K	0	10K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-12.13%	-34.56%	-109.91%	-357.66%	103.07%	-2.66%	-11.73%	-6.1%	-107.86%	-
Return on Invested Capital (ROIC)	-7.27%	-7.03%	-13.22%	-20.55%	7.7%	-0.48%	0.48%	-1.97%	-10.58%	-381.82%
Gross Margin	15.52%	7.17%	-1.04%	-38.74%	14.97%	41.8%	22.34%	29.83%	20.3%	36.33%
Net Margin	-11.86%	-17.58%	-51.79%	-67.46%	2.03%	-19.34%	-4.14%	-44.34%	-307.66%	-51.91%
Debt / Equity	1.18x	1.72x	2.66x	-	47.50x	1.70x	1.51x	0.97x	-	-
Interest Coverage	-4.71x	-3.72x	-4.20x	-2.80x	1.24x	-0.18x	0.23x	-0.98x	-3.73x	-4.22x
FCF Conversion	3.88x	0.70x	0.29x	0.67x	-12.20x	32.98x	0.95x	6.16x	0.22x	0.97x
Revenue Growth	-47.92%	61.92%	-29.72%	-32.98%	-9.16%	-97.31%	3740.83%	-94.11%	31.8%	24.11%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
Reportable Subsegments	-	-	-	-	-	-	-	-	-	108.74M
Reportable Subsegments Growth	-	-	-	-	-	-	-	-	-	-
Solar Power Systems Sales And EPC Services	-	-	-	-	62.3M	176.4M	163M	225.6M	1.34B	-
Solar Power Systems Sales And EPC Services Growth	-	-	-	-	-	183.15%	-7.60%	38.40%	494.15%	-
Operations and Maintenance	-	-	-	-	-	-	-	-	17.05M	-
Operations and Maintenance Growth	-	-	-	-	-	-	-	-	-	-
Leasing Revenue	-	-	-	-	-	-	-	12.05M	-	-
Leasing Revenue Growth	-	-	-	-	-	-	-	-	-	-
Modules and components	-	-	-	-	466.6M	450.1M	253.6M	-	-	-
Modules and components Growth	-	-	-	-	-	-3.54%	-43.66%	-	-	-
Solar Services	-	-	-	-	-	8.1M	6.74M	-	-	-
Solar Services Growth	-	-	-	-	-	-	-16.79%	-	-	-
Residential Leasing	-	-	-	-	272.21M	10.4M	4.79M	-	-	-
Residential Leasing Growth	-	-	-	-	-	-96.18%	-53.92%	-	-	-
Solar Power Systems, Components, And Other	-	-	-	-	1.45B	1.84B	-	-	-	-
Solar Power Systems, Components, And Other Growth	-	-	-	-	-	26.22%	-	-	-	-
O&M contracts of utility-scale PV solar power systems	-	-	-	-	10.6M	-	-	-	-	-
O&M contracts of utility-scale PV solar power systems Growth	-	-	-	-	-	-	-	-	-	-
Power Plant	-	655.81M	1.4B	21.37M	-	-	-	-	-	-
Power Plant Growth	-	-	113.83%	-98.48%	-	-	-	-	-	-
Residential leases	129.96M	186.81M	720.33M	-	-	-	-	-	-	-
Residential leases Growth	-	43.74%	285.59%	-	-	-	-	-	-	-
Commercial	-	277.14M	436.92M	-7.12M	-	-	-	-	-	-
Commercial Growth	-	-	57.65%	-101.63%	-	-	-	-	-	-
Solar Power Systems	1.9B	456.71M	-	-	-	-	-	-	-	-
Solar Power Systems Growth	-	-75.92%	-	-	-	-	-	-	-	-
Solar Power Product	943.65M	-	-	-	-	-	-	-	-	-
Solar Power Product Growth	-	-	-	-	-	-	-	-	-	-
other product	56.95M	-	-	-	-	-	-	-	-	-
other product Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
Asia Pacific	415.29M	-	-	-	-	-	-	-	-	-
Asia Pacific Growth	-	-	-	-	-	-	-	-	-	-
Americas	408.62M	-	-	-	-	-	-	-	-	-
Americas Growth	-	-	-	-	-	-	-	-	-	-
EMEA	288.53M	-	-	-	-	-	-	-	-	-
EMEA Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

SunPower Inc. (SPWR) reported $290.3M in revenue for fiscal year 2024. This represents a 87% decrease from $2.31B in 2011.

SunPower Inc. (SPWR) grew revenue by 24.1% over the past year. This is strong growth.

SunPower Inc. (SPWR) reported a net loss of $32.3M for fiscal year 2024.

Dividend & Returns

SunPower Inc. (SPWR) had negative free cash flow of $19.8M in fiscal year 2024, likely due to heavy capital investments.