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Energizer vs Sunrun: revenue, profit, margins and growth compared

Energizer brought in $3B of revenue in fiscal 2025, Sunrun $3B in fiscal 2025. Revenue changed by +2.3% at Energizer and +45.1% at Sunrun on the year before, so Sunrun grew faster. Energizer kept 8.1% of its revenue as net profit, Sunrun 15.2%.

Side by side, latest fiscal year

ENRRUN
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$3B$3B
Revenue growth+2.3%+45.1%
Net income$239M$449.9M
Net margin8.1%15.2%
Free cash flow$63.2Mn/a
Free cash flow margin2.1%n/a
Earnings per share (diluted)$3.32$1.71
Cash$236.2M$1.2B
Debt$3.4B$14.7B
Price to earningsn/a4.7
Market valuen/a$2B
Dividend yieldn/an/a
Rank by revenue in sector#6 of 34 · Other#5 of 34 · Other

Over the years

Revenue
ENR FY2018: $1.8BENR FY2019: $2.5BENR FY2020: $2.7BENR FY2021: $3BENR FY2022: $3.1BENR FY2023: $3BENR FY2024: $2.9BENR FY2025: $3BRUN FY2018: $760MRUN FY2019: $858.6MRUN FY2020: $922.2MRUN FY2021: $1.6BRUN FY2022: $2.3BRUN FY2023: $2.3BRUN FY2024: $2BRUN FY2025: $3BFY18FY19FY20FY21FY22FY23FY24FY25
ENR $3BRUN $3B
Net income
ENR FY2018: $93.5MENR FY2019: $51.1MENR FY2020: -$93.3MENR FY2021: $160.9MENR FY2022: -$231.5MENR FY2023: $140.5MENR FY2024: $38.1MENR FY2025: $239MRUN FY2018: $26.7MRUN FY2019: $26.3MRUN FY2020: -$173.4MRUN FY2021: -$79.4MRUN FY2022: $173.4MRUN FY2023: -$1.6BRUN FY2024: -$2.8BRUN FY2025: $449.9MFY18FY19FY20FY21FY22FY23FY24FY25
ENR $239MRUN $449.9M
Net margin
ENR FY2018: 5.2%ENR FY2019: 2.0%ENR FY2020: -3.4%ENR FY2021: 5.3%ENR FY2022: -7.6%ENR FY2023: 4.7%ENR FY2024: 1.3%ENR FY2025: 8.1%RUN FY2018: 3.5%RUN FY2019: 3.1%RUN FY2020: -18.8%RUN FY2021: -4.9%RUN FY2022: 7.5%RUN FY2023: -71.0%RUN FY2024: -139.7%RUN FY2025: 15.2%FY18FY19FY20FY21FY22FY23FY24FY25
ENR 8.1%RUN 15.2%
Revenue growth
ENR FY2019: +38.8%ENR FY2020: +10.0%ENR FY2021: +10.1%ENR FY2022: +0.9%ENR FY2023: -3.0%ENR FY2024: -2.5%ENR FY2025: +2.3%RUN FY2019: +13.0%RUN FY2020: +7.4%RUN FY2021: +74.6%RUN FY2022: +44.2%RUN FY2023: -2.7%RUN FY2024: -9.8%RUN FY2025: +45.1%FY19FY20FY21FY22FY23FY24FY25
ENR +2.3%RUN +45.1%
Free cash flow
ENR FY2018: $204.5MENR FY2019: $94.4MENR FY2020: $311.1MENR FY2021: $114.8MENR FY2022: -$76.8MENR FY2023: $338.4MENR FY2024: $331.7MENR FY2025: $63.2MRUN FY2018: -$67.4MRUN FY2019: -$229.8MRUN FY2020: -$321.1MRUN FY2021: -$825.8MRUN FY2022: -$867MRUN FY2023: -$841.7MRUN FY2024: -$767.7MFY18FY19FY20FY21FY22FY23FY24FY25
ENR $63.2MRUN -$767.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Energizer and Sunrun

Which is bigger by revenue, Energizer or Sunrun?

Sunrun is bigger by revenue: $3B in fiscal 2025, against $3B for Energizer in fiscal 2025.

Which keeps more of its revenue as profit, Energizer or Sunrun?

Energizer had a net margin of 8.1% in fiscal 2025; Sunrun had 15.2% in fiscal 2025.

Which grew revenue faster, Energizer or Sunrun?

In their latest fiscal years revenue changed by +2.3% at Energizer and +45.1% at Sunrun.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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