Sunrun Inc. vs SPECTRUM BRANDS HOLDINGS, INC., two Electrical Equipment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Sunrun leases residential solar and reports a 17.88% net margin, but the lease-financing model consumes cash, so free cash flow runs at negative 8.35% and debt reaches 3.5 times equity. Spectrum Brands sells home and pet goods at a thinner 4.47% net margin, yet turns a huge 14.22% of its price into free cash flow, the mirror image of Sunrun's cash burn. The market pays 0.87 times book for Sunrun, below its assets, and 1.07 for Spectrum. Spectrum's balance sheet is light, 0.31 debt to equity, and it pays a 2.15% dividend. Sunrun at $3.7B is larger than Spectrum at $2.0B, but the cash-hungry one where Spectrum is cash-rich.
Comparison updated 2026-07-11.
| Metric | RUN | SPB |
|---|---|---|
| Price | $12.47 | $83.18 |
| Market cap | $3.4B | $1.9B |
| Sector | Electrical Equipment | Electrical Equipment |
| Stage | Growth | Mature |
| P/E | 5.8 | 16.2 |
| P/B | 0.80 | 1.02 |
| P/S | 1.07 | 0.69 |
| EV/EBITDA | 25.4 | 10.4 |
| Revenue growth | +52.6% | -3.5% |
| Gross margin | — | 38.1% |
| Operating margin | -6.0% | 6.1% |
| Net margin | 17.9% | 4.5% |
| Return on equity | 13.4% | 6.6% |
| Return on assets | 2.5% | 3.6% |
| Return on invested capital | -0.2% | 3.2% |
| FCF yield | -9.0% | 15.0% |
| Dividend yield | — | 2.3% |
| Debt / equity | 3.50 | 0.31 |
| Current ratio | 1.45 | 2.29 |
| Altman Z (solvency) | 0.05 | 2.75 |
| Piotroski F (quality) | 5 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.