Fluence Energy vs Sunrun
Sunrun is the larger business, with $2.96bn of revenue in fiscal 2025 against $2.26bn for Fluence Energy (1.3 times as much). Sunrun grew faster (45.1% against -16.1%). Sunrun kept more of each dollar of sales as profit: a net margin of 15.2% against -2.1%.
| Latest fiscal year | Fluence EnergyFLNC, 2025 | SunrunRUN, 2025 |
|---|---|---|
| Revenue | $2.26bn | $2.96bn |
| Revenue growth | -16.1% | 45.1% |
| Net income | −$48.3m | $450m |
| Operating margin | — | -4.3% |
| Net margin | -2.1% | 15.2% |
| Return on equity | -10.7% | 15.8% |
| Free cash flow | −$160m | −$421m |
| Cash | $691m | $1.24bn |
| Total debt | $391m | $14.86bn |
| Debt to equity | — | 474.4% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 1,670 | 9,059 |
| Market value | $720m | $1.98bn |
| Price vs our value range | — | — |
| Moat score | 15 (Weak) | 21 (Weak) |
| Insider trades, 12 months | 2 buys, 8 sales | 1 buys, 56 sales |