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SUNE (SUNation Energy) Gross Margin % : 35.58% (As of Sep. 2024)


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What is SUNation Energy Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. SUNation Energy's Gross Profit for the three months ended in Sep. 2024 was $5.24 Mil. SUNation Energy's Revenue for the three months ended in Sep. 2024 was $14.72 Mil. Therefore, SUNation Energy's Gross Margin % for the quarter that ended in Sep. 2024 was 35.58%.


The historical rank and industry rank for SUNation Energy's Gross Margin % or its related term are showing as below:

SUNE' s Gross Margin % Range Over the Past 10 Years
Min: 26.8   Med: 30.79   Max: 34.78
Current: 33.41


During the past 4 years, the highest Gross Margin % of SUNation Energy was 34.78%. The lowest was 26.80%. And the median was 30.79%.

SUNE's Gross Margin % is ranked better than
58.65% of 989 companies
in the Semiconductors industry
Industry Median: 28.93 vs SUNE: 33.41

SUNation Energy had a gross margin of 35.58% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for SUNation Energy was 0.00% per year.


SUNation Energy Gross Margin % Historical Data

The historical data trend for SUNation Energy's Gross Margin % 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.

* Premium members only.

SUNation Energy Gross Margin % Chart

SUNation Energy Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Margin %
- - 26.80 34.78

SUNation Energy Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % 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 38.45 28.39 36.35 35.37 35.58

Competitive Comparison of SUNation Energy's Gross Margin %

For the Solar subindustry, SUNation Energy's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.


SUNation Energy's Gross Margin % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SUNation Energy's Gross Margin % distribution charts can be found below:

* The bar in red indicates where SUNation Energy's Gross Margin % falls into.



SUNation Energy Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

SUNation Energy's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=27.7 / 79.633
=(Revenue - Cost of Goods Sold) / Revenue
=(79.633 - 51.937) / 79.633
=34.78 %

SUNation Energy's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=5.2 / 14.718
=(Revenue - Cost of Goods Sold) / Revenue
=(14.718 - 9.482) / 14.718
=35.58 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


SUNation Energy  (NAS:SUNE) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

SUNation Energy had a gross margin of 35.58% for the quarter that ended in Sep. 2024 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


SUNation Energy Gross Margin % Related Terms

Thank you for viewing the detailed overview of SUNation Energy's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


SUNation Energy Business Description

Traded in Other Exchanges
N/A
Address
10900 Red Circle Drive, Minnetonka, MN, USA, 55343
SUNation Energy Inc formerly Pineapple Energy Inc provides households with sustainable solar energy, back-up power and security, control and predictability, and cost savings. The company provides a full range of installation services, including the design, engineering, procurement, permitting, construction, grid connection, warranty, monitoring and maintenance of residential solar energy systems. It also offers battery storage to customers in select markets and serves a limited number of enterprise customers.
Executives
Roger Hd Lacey director 10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Scott Maskin director 40 GRASSMERE AVENUE, OAKDALE NY 11769
Eric Ingvaldson officer: CHIEF FINANCIAL OFFICER 10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Tom Holland director 315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Randall D Sampson director 1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Scott Honour director 10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Northern Pacific Growth Investment Advisors, Llc 10 percent owner 315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Michael R. Zapata director 2765 NW NICOLAI STREET, PORTLAND OR 97210
Kyle Udseth director, officer: CHIEF EXECUTIVE OFFICER NORTHERN PACIFIC GROUP, 315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Marilyn S. Adler director 315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Mike Siegler officer: Senior Vice President 10900 RED CIRCLE DR., MINNETONKA MN 55343
Anita Kumar director, officer: President/CEO 10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Steven Webster director 4901 ARDEN AVE., EDINA MN 55424
Richard A Primuth director
Scott Fluegge officer: VP 12946 66TH ST N, WEST PALM BEACH FL 33412