Sunrun vs Advanced Drainage Systems
Advanced Drainage Systems reported revenue of $3.1 billion in fiscal 2026, about the same as Sunrun's $3.0 billion in fiscal 2025. Sunrun's revenue grew 45.1% in its latest year, and Advanced Drainage Systems' grew 5.0%. Sunrun had an operating margin of -4.3%, against 20.3% at Advanced Drainage Systems. Their fiscal years end in different months (December 31 and March 31), so the periods don't line up exactly.
Side by side
| Sunrun | Advanced Drainage Systems | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Mar 31, 2026 |
| Revenue | $3.0B | $3.1B |
| Revenue growth | 45.1% | 5.0% |
| Revenue growth a year, last 5 years | 26.2% | 9.0% |
| Gross margin | — | 38.3% |
| Operating margin | −4.3% | 20.3% |
| Net margin | 15.2% | 14.0% |
| Free cash flow | — | $569M |
| Free cash flow margin | — | 18.7% |
| Return on capital | −0.6% | 15.8% |
| Net debt to EBITDA | — | 1.9x |
| Dividends and buybacks | $0M | $148M |
| Change in diluted share count | 19.0% | 0.2% |
| Last close | $9.98 | $124.31 |
| P/E at the last close | 5.0× | 23.6× |
| Insider trades, last 12 months | bought $149,000, sold $22.5 million | sold $14.8 million |
| Piotroski F-score | 4 of 8 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
SunrunAdvanced Drainage Systems
Operating margin
Percent of revenue
SunrunAdvanced Drainage Systems
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
SunrunAdvanced Drainage Systems
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Sunrun and Advanced Drainage Systems pages.