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Sunrun vs Ameresco: RUN and AMRC compared
Sunrun is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $515M for Ameresco (Q2 2026). Sunrun is growing faster (+52% against +9% a year earlier). Sunrun is more profitable, with an operating margin of 14.0% against 8.6%.
Where the money goes: RUN and AMRC
Sunrun (RUN) · Q3 2026
Sunrun, Q3 2026: revenue $1.1B (+52% year over year), operating margin 14.0%, net earnings $153M, operating cash flow $301M. The chart follows the revenue to costs, profit and cash.
Ameresco (AMRC) · Q2 2026
Ameresco, Q2 2026: revenue $515M (+9% year over year), operating margin 8.6%, net earnings $9.7M, operating cash flow −$107M. The chart follows the revenue to costs, profit and cash.
| Sunrun (RUN) | Ameresco (AMRC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $1.1B | $515M |
| Revenue growth, Y/Y | +52% | +9% |
| Gross margin | — | 17.7% |
| Operating margin | 14.0% | 8.6% |
| Net earnings | $153M | $9.7M |
| Net margin | 13.9% | 1.9% |
| Operating cash flow | $301M | −$107M |
| Market value | $2.7B | $1.2B |
| P/E | 5.0× | 21.3× |
| Analysts’ mean target | $13.82 | $41.40 |
Where the revenue comes from
Sunrun
- Customer agreements and incentives: $553M (50%)
- Energy systems and product sales: $546M (50%)
Ameresco
- North America Regions: $197M (38%)
- Europe: $156M (30%)
- U.S. Federal: $92.6M (18%)
- Renewable Fuels: $54.2M (11%)
Questions
Which is bigger, Sunrun or Ameresco?
Sunrun is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $515M for Ameresco (Q2 2026).
Is Sunrun or Ameresco growing faster?
Sunrun is growing faster (+52% against +9% a year earlier).
Which is more profitable, Sunrun or Ameresco?
Sunrun is more profitable, with an operating margin of 14.0% against 8.6%.
More: Sunrun earnings · how Sunrun makes money · Ameresco earnings · how Ameresco makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 4, 2026). Fiscal quarters can end on different dates. Not investment advice.