SPRU (Spruce Power Holding) EBIT: $37.4 Mil (TTM As of Mar. 2026)

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SPRU Spruce Power Holding Corp SPRU
42 GF Score
Price $1.95
GF Value $4.91
Valuation Possible Value Trap
! 5 Warning Signs
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What is Spruce Power Holding EBIT?

Spruce Power Holding SPRU 42 EBIT is $37.4 Mil as of Mar. 2026. GuruFocus rates SPRU with a GF Score™ of 42/100 and a GF Value™ of $4.91 (Possible Value Trap). The stock has 5 warning signs investors should review.

Spruce Power Holding's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $9.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $37.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Spruce Power Holding's annualized ROC % for the quarter that ended in Mar. 2026 was 1.46%. Spruce Power Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Spruce Power Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.65%.


Spruce Power Holding  (NYSE:SPRU) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Spruce Power Holding's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=13.596 * ( 1 - 0% )/( (941.424 + 925.16)/ 2 )
=13.596/933.292
=1.46 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=837.273 - 18.738 - ( 54.842 - max(0, 238.762 - 115.873+54.842))
=941.424

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Spruce Power Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=37.728/( ( (565.596 + max(37.04, 0)) + (557.055 + max(39.184, 0)) )/ 2 )
=37.728/( ( 602.636 + 596.239 )/ 2 )
=37.728/599.4375
=6.29 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.748 + 0 + 45.283) - (18.738 + 1.21 + 4.043)
=37.04

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.806 + 0 + 42.523) - (18.875 + 1.168 + 2.102)
=39.184

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Spruce Power Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=37.35/661.384
=5.65 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Spruce Power Holding EBIT Related Terms


Spruce Power Holding EBIT Historical Data

* Premium members only.

The historical data trend for Spruce Power Holding's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Spruce Power Holding EBIT Chart

Spruce Power Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 52.64 -41.28 -20.55 -29.85 25.28

Spruce Power Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.65 9.97 12.14 5.81 9.43

SPRU vs FTCI, ASTI, BEEM: EBIT Comparison

For the Solar subindustry, Spruce Power Holding's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Spruce Power Holding EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Spruce Power Holding's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Spruce Power Holding's EV-to-EBIT falls into.


SPRU
42GF Score
Spruce Power Holding Corp SPRU
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Spruce Power Holding EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $37.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $37.4 Mil mean?
Spruce Power Holding (SPRU) has a EBIT of $37.4 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Spruce Power Holding.
Is Spruce Power Holding's EBIT too high?
Spruce Power Holding's current EBIT is $37.4 Mil. Overall, Spruce Power Holding has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Spruce Power Holding's EBIT compare to FTCI and ASTI?
Spruce Power Holding's EBIT of $37.4 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Semiconductors company?
A good EBIT depends on the Semiconductors industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Spruce Power Holding. Spruce Power Holding's current EBIT is $37.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spruce Power Holding stock overvalued right now?
Based on GuruFocus' analysis, Spruce Power Holding (SPRU) is currently considered Possible Value Trap. The stock's GF Value™ is $4.91, compared to a current price of $1.95 — trading 60.3% below its estimated fair value. The current EBIT is $37.4 Mil. Spruce Power Holding's overall GF Score™ is 42/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Spruce Power Holding (SPRU), the current EBIT is $37.4 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Spruce Power Holding (SPRU) Overvalued in 2026?

Based on GuruFocus' analysis, Spruce Power Holding stock appears to be undervalued. The current stock price of $1.95 is trading 60.3% below its estimated GF Value™ of $4.91. GuruFocus considers Spruce Power Holding to be Possible Value Trap.

Key valuation signals for SPRU:

  • EBIT: $37.4 Mil
  • GF Value™: $4.91 vs. price of $1.95 (60.3% below fair value)
  • GF Score™: 42/100 with 5 warning signs

No single metric tells the full story. See the SPRU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spruce Power Holding Business Description

Address 820 Gessner Road, Suite 500, Houston, TX, USA, 77024
Spruce Power Holding Corp is an owner and operator of distributed solar energy assets across the United States (the U.S.), offering subscription-based services to home solar assets and customer contracts, making renewable energy more accessible to everyone. The Company's customers are homeowners and the Company's core solar service offerings generate revenues through, the sale of electricity generated by its home solar energy systems to homeowners, third-party contracts to sell solar renewable energy credits (SRECs) generated by the solar energy systems for fixed prices and the servicing of those agreements for other institutional owners of home solar energy systems.
42GF Score

Get the complete analysis for SPRU

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.95
Price
$4.91
GF Value