Sunrun Inc. (RUN) Key Metrics
RUN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.76B
- Enterprise value
- $16.53B
- P/E (TTM)
- 4.9 10-yr median 20.7
- Forward P/E
- 7.9
- PEG ratio
- 3.07
- Price / sales
- 0.5 10-yr median 1.8
- Price / book
- 0.6 10-yr median 1.0
- EV / EBITDA
- 18.7 10-yr median 86.8
- Dividend yield
- —
- Beta
- 2.44
RUN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRUN valuation Price multiples at each fiscal year-end price.
RUN returns How much profit the business earns on the capital it uses.
RUN per-share figures Results divided by the shares outstanding at year-end.
RUN financial health Debt, liquidity and how easily interest is covered.
RUN efficiency & capital use Working capital cycle and where the cash goes.
RUN valuation history
RUN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RUN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RUN cash returned to shareholders
RUN price vs earnings per share
RUN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.99B | $2.06B | $4.25B | $5.26B | $7.04B | $9.69B | $1.71B | $1.28B | $638.4M | $557.4M |
| Enterprise value | $18.64B | $14.50B | $14.66B | $13.29B | $13.29B | $14.35B | $4.07B | $3.20B | $1.89B | $1.42B |
| P/E ratio | 11.1 | — | — | 30.4 | — | — | 65.0 | 47.8 | 5.1 | 6.1 |
| Price / sales | 1.7 | 1.0 | 1.9 | 2.3 | 4.4 | 10.5 | 2.0 | 1.7 | 1.2 | 1.2 |
| Price / book | 1.6 | 0.8 | 0.8 | 0.8 | 1.1 | 1.6 | 1.8 | 1.3 | 0.8 | 0.8 |
| EV / sales | 6.3 | 7.1 | 6.5 | 5.7 | 8.3 | 15.6 | 4.7 | 4.2 | 3.6 | 3.1 |
| EV / EBITDA | 9.5 | — | — | 268.4 | — | — | — | 86.8 | — | — |
| Earnings yield | 9.0% | −138.5% | −37.7% | 3.3% | −1.1% | −1.8% | 1.5% | 2.1% | 19.5% | 16.5% |
| Free cash flow yield | −8.5% | −168.7% | −80.6% | −54.3% | −35.6% | −13.3% | −61.1% | −68.5% | −136.8% | −159.8% |
| Dividend yield | — | — | — | — | — | — | 0.9% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | — | — | — | — | 0.0% | 0.0% | 1.2% | 0.0% | 0.0% | 0.1% |
| Share price at fiscal year-end | $18.40 | $9.25 | $19.63 | $24.02 | $34.30 | $69.38 | $13.81 | $10.89 | $5.90 | $5.31 |
| Per share | ||||||||||
| Revenue per share | $10.90 | $9.17 | $10.43 | $10.59 | $7.85 | $6.61 | $6.93 | $6.49 | $4.90 | $4.32 |
| Earnings per share | $1.66 | −$12.81 | −$7.41 | $0.79 | −$0.39 | −$1.24 | $0.21 | $0.23 | $1.15 | $0.87 |
| Operating cash flow per share | −$1.55 | −$3.45 | −$3.79 | −$3.87 | −$3.98 | −$2.28 | −$1.65 | −$0.53 | −$0.56 | −$1.43 |
| Free cash flow per share | −$1.56 | −$15.60 | −$15.83 | −$13.05 | −$12.20 | −$9.22 | −$8.44 | −$7.46 | −$8.07 | −$8.49 |
| Cash per share | $4.56 | $2.59 | $3.13 | $3.38 | $3.01 | $3.72 | $2.18 | $1.94 | $1.87 | $1.97 |
| Book value per share | $11.55 | $11.49 | $24.14 | $30.61 | $30.49 | $43.54 | $7.79 | $8.10 | $7.50 | $6.41 |
| Tangible book value per share | $11.55 | $11.49 | $9.73 | $11.04 | $9.56 | $12.75 | $6.86 | $7.27 | $6.56 | $5.40 |
| Dividends per share | — | — | — | — | — | — | $0.13 | — | $0.00 | $0.00 |
| Capex per share | $0.01 | $12.16 | $12.04 | $9.18 | $8.22 | $6.95 | $6.79 | $6.93 | $7.51 | $7.05 |
| Debt per share | $54.88 | $58.60 | $51.18 | $39.99 | $33.50 | $37.12 | $21.20 | $18.39 | $13.42 | $10.14 |
| Shares outstanding | 271.2M | 222.2M | 216.6M | 219.2M | 205.1M | 139.6M | 123.9M | 117.1M | 108.2M | 105.0M |
| Change in shares outstanding | +22.1% | +2.6% | −1.1% | +6.8% | +46.9% | +12.7% | +5.8% | +8.2% | +3.1% | +90.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 15.8% | −73.1% | −26.9% | 2.7% | −1.3% | −4.9% | 2.8% | 3.0% | 16.8% | 14.9% |
| Return on invested capital (ROIC) | −0.6% | −19.1% | −10.3% | −3.8% | −4.5% | −5.2% | −5.5% | −3.9% | −8.0% | −13.1% |
| Return on assets (ROA) | 2.0% | −14.1% | −8.1% | 1.0% | −0.5% | −1.7% | 0.5% | 0.6% | 3.3% | 2.9% |
| Return on tangible assets | 1.9% | −14.3% | −9.3% | 1.2% | −0.7% | −1.7% | 0.5% | 0.6% | 3.3% | 2.6% |
| Free cash flow margin | −14.3% | −170.1% | −151.7% | −123.2% | −155.5% | −139.6% | −121.7% | −115.0% | −164.9% | −196.2% |
| Income quality (OCF / net income) | −0.94 | — | — | −4.90 | — | — | −7.76 | −2.34 | −0.49 | −1.64 |
| Financial health | ||||||||||
| Total debt | $14.89B | $13.02B | $11.09B | $8.76B | $6.87B | $5.18B | $2.63B | $2.15B | $1.45B | $1.06B |
| Cash & short-term investments | $1.24B | $575.0M | $678.8M | $740.5M | $617.6M | $520.0M | $269.6M | $226.6M | $202.5M | $206.4M |
| Net debt | $13.65B | $12.45B | $10.41B | $8.02B | $6.25B | $4.66B | $2.36B | $1.93B | $1.25B | $858.4M |
| Debt / equity | 4.75 | 5.10 | 2.12 | 1.31 | 1.10 | 0.85 | 2.72 | 2.27 | 1.79 | 1.58 |
| Debt / assets | 0.62 | 0.65 | 0.54 | 0.45 | 0.42 | 0.36 | 0.45 | 0.45 | 0.37 | 0.30 |
| Net debt / EBITDA | 6.98 | — | — | 162.07 | — | — | — | 52.21 | — | — |
| Current ratio | 1.66 | 1.29 | 1.26 | 1.82 | 1.53 | 1.26 | 1.38 | 1.24 | 1.29 | 1.51 |
| Quick ratio | 1.27 | 0.99 | 0.96 | 1.14 | 1.03 | 0.95 | 0.89 | 1.03 | 1.01 | 1.23 |
| Interest coverage | -0.1 | -4.4 | -3.0 | -1.5 | -2.0 | -2.0 | -1.2 | -0.9 | -2.0 | -2.9 |
| Working capital | $853.5M | $388.2M | $394.1M | $942.2M | $535.6M | $236.4M | $203.7M | $89.2M | $97.7M | $124.6M |
| Invested capital | $16.78B | $15.00B | $15.64B | $14.73B | $12.51B | $10.74B | $3.32B | $2.88B | $2.06B | $1.53B |
| Tangible asset value | $4.98B | $4.16B | $3.79B | $3.89B | $3.28B | $2.99B | $1.52B | $1.31B | $1.19B | $956.1M |
| Net current asset value | −$17.04B | −$14.01B | −$11.65B | −$8.99B | −$7.36B | −$5.96B | −$3.43B | −$2.88B | −$2.21B | −$2.14B |
| Graham number | $20.76 | — | — | $23.34 | — | — | $6.10 | $6.44 | $13.94 | $11.23 |
| Graham net-net per share | −$64.55 | −$66.74 | −$57.69 | −$44.70 | −$38.66 | −$45.56 | −$29.95 | −$25.81 | −$21.67 | −$21.17 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | $16.2M | — | $0 | $0 |
| Share buybacks (net) | — | — | — | — | $0 | $0 | $5.0M | $0 | $0 | $437,000 |
| Dividend payout ratio | — | — | — | — | — | — | 61.5% | — | 0.0% | 0.0% |
| Capex / revenue | 0.1% | 132.6% | 115.4% | 86.6% | 104.7% | 105.1% | 97.9% | 106.8% | 153.4% | 163.1% |
| Capex / depreciation | 0.00 | 4.35 | 4.91 | 4.46 | 4.34 | 3.99 | 4.49 | 5.20 | 6.31 | 7.51 |
| Stock-based compensation / revenue | 3.7% | 5.5% | 4.9% | 4.8% | 13.1% | 18.5% | 3.1% | 3.7% | 4.2% | 4.1% |
| R&D / revenue | 1.2% | 1.9% | 1.0% | 0.9% | 1.4% | 2.1% | 2.7% | 2.5% | 2.8% | 2.2% |
| SG&A / revenue | 9.4% | 42.3% | 42.6% | 40.5% | 55.1% | 67.1% | 46.6% | 42.6% | 46.2% | 56.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 26.7 | 30.7 | 31.2 | 28.3 | 27.3 | 34.2 | 31.2 | 30.4 | 42.1 | 43.9 |
| Days of inventory on hand | 76.2 | 92.0 | 108.2 | 116.5 | 105.6 | 133.4 | 96.1 | 59.3 | 65.9 | 63.3 |
| Days payables outstanding | 52.7 | 62.5 | 49.6 | 56.6 | 66.2 | 105.7 | 100.2 | 84.1 | 73.8 | 77.8 |
| Cash conversion cycle (days) | 50.2 | 60.3 | 89.8 | 88.2 | 66.7 | 61.9 | 27.1 | 5.7 | 34.2 | 29.4 |
| Receivables turnover | 13.65 | 11.89 | 11.70 | 12.89 | 13.35 | 10.67 | 11.69 | 11.99 | 8.67 | 8.32 |
| Payables turnover | 6.92 | 5.84 | 7.36 | 6.45 | 5.51 | 3.45 | 3.64 | 4.34 | 4.95 | 4.69 |
| Inventory turnover | 4.79 | 3.97 | 3.37 | 3.13 | 3.46 | 2.74 | 3.80 | 6.15 | 5.54 | 5.76 |
| Asset turnover | 0.13 | 0.10 | 0.11 | 0.13 | 0.10 | 0.09 | 0.16 | 0.18 | 0.14 | 0.14 |
| Average receivables | $216.7M | $171.4M | $193.1M | $180.1M | $120.6M | $86.4M | $73.4M | $63.4M | $61.1M | $54.6M |
| Average payables | $312.6M | $292.5M | $284.9M | $313.6M | $247.8M | $215.4M | $177.3M | $123.2M | $90.6M | $85.1M |
| Average inventory | $451.7M | $430.9M | $621.8M | $645.4M | $394.9M | $271.8M | $170.0M | $86.9M | $80.9M | $69.3M |
| Intangibles / total assets | 0.0% | 0.0% | 15.3% | 22.3% | 26.0% | 29.9% | 2.0% | 2.1% | 2.6% | 3.0% |
Computed from RUN's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
RUN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Sunrun traded at 11.1 times earnings, against a 10-year median of 20.7. Based on the latest twelve months, the trailing P/E is 4.9 and the forward P/E is 7.9. Sunrun earned a return on equity of 15.8% and a return on invested capital of −0.6% in fiscal 2025. It ended the year with $14.9 billion of debt and $1.2 billion in cash and short-term investments, net debt of $13.6 billion. The share count rose 158.4% from 105.0M to 271.2M over 9 years.
See the RUN income statement, the RUN chart for price history, or the RUN stock overview for the latest quote and news.
RUN key metrics FAQ
What is Sunrun's P/E ratio?
Sunrun's trailing P/E ratio is 4.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 7.9. At the end of fiscal 2025 it was 11.1, compared with a 10-year median of 20.7.
What is Sunrun's EV/EBITDA?
Sunrun's enterprise value was 9.5 times EBITDA at the end of fiscal 2025 (enterprise value $18.6 billion, EBITDA $2.0 billion); the current EV/EBITDA is 18.7.
What is Sunrun's return on equity?
Sunrun's return on equity (ROE) was 15.8% in fiscal 2025: net income of $449.9 million on average shareholders' equity of $2.8 billion.
What is Sunrun's ROIC?
Sunrun's return on invested capital was −0.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Sunrun have?
Sunrun had total debt of $14.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 4.75 and $13.6 billion of net debt (6.98 times EBITDA).
What is Sunrun's free cash flow yield?
Sunrun generated -$423.2 million of free cash flow in fiscal 2025, a free cash flow yield of −8.5% on its market value at year-end ($5.0 billion).
What is Sunrun's current ratio?
Sunrun's current ratio was 1.66 at the end of fiscal 2025: current assets were 1.66 times current liabilities.