Bloom Energy vs Sunrun
Sunrun is the larger business, with $2.96bn of revenue in fiscal 2025 against $2.02bn for Bloom Energy (1.5 times as much). Sunrun grew faster (45.1% against 37.3%). Sunrun kept more of each dollar of sales as profit: a net margin of 15.2% against -4.3%. Bloom Energy carries less debt relative to equity (348.5% against 474.4%).
| Latest fiscal year | Bloom EnergyBE, 2025 | SunrunRUN, 2025 |
|---|---|---|
| Revenue | $2.02bn | $2.96bn |
| Revenue growth | 37.3% | 45.1% |
| Net income | −$87.1m | $450m |
| Operating margin | 3.6% | -4.3% |
| Net margin | -4.3% | 15.2% |
| Return on equity | -13.1% | 15.8% |
| Free cash flow | $57.2m | −$421m |
| Cash | $2.45bn | $1.24bn |
| Total debt | $2.68bn | $14.86bn |
| Debt to equity | 348.5% | 474.4% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 2,214 | 9,059 |
| Market value | $58.00bn | $1.98bn |
| Price vs our value range | — | — |
| Moat score | 18 (Weak) | 21 (Weak) |
| Insider trades, 12 months | 0 buys, 56 sales | 1 buys, 56 sales |