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SunPower vs Zeo Energy: SPWR and ZEO compared
SunPower is the larger company: $54.9M of revenue in its latest quarter (Q2 2026) against $16.2M for Zeo Energy (Q2 2026). Zeo Energy is growing faster (-11% against -17% a year earlier). Zeo Energy is more profitable, with an operating margin of -18.5% against -42.8%.
Where the money goes: SPWR and ZEO
SunPower (SPWR) · Q2 2026
SunPower, Q2 2026: revenue $54.9M (-17% year over year), operating margin -42.8%, net earnings $6.9M, operating cash flow −$26.5M. The chart follows the revenue to costs, profit and cash.
Zeo Energy (ZEO) · Q2 2026
Zeo Energy, Q2 2026: revenue $16.2M (-11% year over year), operating margin -18.5%, net loss $2.7M, operating cash flow −$461K. The chart follows the revenue to costs, profit and cash.
| SunPower (SPWR) | Zeo Energy (ZEO) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $54.9M | $16.2M |
| Revenue growth, Y/Y | -17% | -11% |
| Operating margin | -42.8% | -18.5% |
| Net earnings | $6.9M | −$2.7M |
| Net margin | 12.6% | -17.0% |
| Operating cash flow | −$26.5M | −$461K |
Where the revenue comes from
SunPower
- Residential Solar Installation: $28.7M (52%)
- New Homes Business: $13.5M (25%)
- Dealer: $12.7M (23%)
Zeo Energy
- Solar System Installations Net: $16.0M (99%)
- Roofing Installations: $133K (1%)
Questions
Which is bigger, SunPower or Zeo Energy?
SunPower is the larger company: $54.9M of revenue in its latest quarter (Q2 2026) against $16.2M for Zeo Energy (Q2 2026).
Is SunPower or Zeo Energy growing faster?
Zeo Energy is growing faster (-11% against -17% a year earlier).
Which is more profitable, SunPower or Zeo Energy?
Zeo Energy is more profitable, with an operating margin of -18.5% against -42.8%.
More: SunPower earnings · how SunPower makes money · Zeo Energy earnings · how Zeo Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 21, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.