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Side-by-side financial comparison of Bluerock Homes Trust, Inc. (BHM) and SUNation Energy, Inc. (SUNE). Click either name above to swap in a different company.

SUNation Energy, Inc. is the larger business by last-quarter revenue ($27.2M vs $18.9M, roughly 1.4× Bluerock Homes Trust, Inc.). SUNation Energy, Inc. runs the higher net margin — 9.6% vs -50.1%, a 59.7% gap on every dollar of revenue. On growth, SUNation Energy, Inc. posted the faster year-over-year revenue change (77.0% vs 35.9%). Over the past eight quarters, SUNation Energy, Inc.'s revenue compounded faster (43.5% CAGR vs 30.1%).

Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.

Suncor Energy Inc. is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th-largest public company in the world.

BHM vs SUNE — Head-to-Head

Bigger by revenue
SUNE
SUNE
1.4× larger
SUNE
$27.2M
$18.9M
BHM
Growing faster (revenue YoY)
SUNE
SUNE
+41.1% gap
SUNE
77.0%
35.9%
BHM
Higher net margin
SUNE
SUNE
59.7% more per $
SUNE
9.6%
-50.1%
BHM
Faster 2-yr revenue CAGR
SUNE
SUNE
Annualised
SUNE
43.5%
30.1%
BHM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHM
BHM
SUNE
SUNE
Revenue
$18.9M
$27.2M
Net Profit
$-9.5M
$2.6M
Gross Margin
40.7%
Operating Margin
-48.8%
10.7%
Net Margin
-50.1%
9.6%
Revenue YoY
35.9%
77.0%
Net Profit YoY
-29.9%
138.2%
EPS (diluted)
$-0.75
$105.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BHM
BHM
SUNE
SUNE
Q4 25
$18.9M
$27.2M
Q3 25
$16.6M
$19.0M
Q2 25
$16.8M
$13.1M
Q1 25
$16.4M
$12.6M
Q4 24
$13.9M
$15.4M
Q3 24
$12.7M
$14.7M
Q2 24
$12.5M
$13.5M
Q1 24
$11.2M
$13.2M
Net Profit
BHM
BHM
SUNE
SUNE
Q4 25
$-9.5M
$2.6M
Q3 25
$-10.0M
$-393.0K
Q2 25
$-5.8M
$-9.6M
Q1 25
$-7.3M
$-3.5M
Q4 24
$-7.3M
$-6.8M
Q3 24
$3.5M
$-3.3M
Q2 24
$-5.2M
$-6.9M
Q1 24
$-3.2M
$1.2M
Gross Margin
BHM
BHM
SUNE
SUNE
Q4 25
40.7%
Q3 25
38.0%
Q2 25
37.0%
Q1 25
35.1%
Q4 24
36.4%
Q3 24
35.6%
Q2 24
35.4%
Q1 24
36.4%
Operating Margin
BHM
BHM
SUNE
SUNE
Q4 25
-48.8%
10.7%
Q3 25
-57.6%
-1.3%
Q2 25
-30.9%
-16.6%
Q1 25
-42.6%
-17.2%
Q4 24
-52.8%
-42.3%
Q3 24
27.9%
-10.9%
Q2 24
-41.3%
-15.0%
Q1 24
-28.4%
-16.5%
Net Margin
BHM
BHM
SUNE
SUNE
Q4 25
-50.1%
9.6%
Q3 25
-60.0%
-2.1%
Q2 25
-34.7%
-73.5%
Q1 25
-44.7%
-27.7%
Q4 24
-52.8%
-44.4%
Q3 24
27.9%
-22.4%
Q2 24
-41.3%
-51.2%
Q1 24
-28.4%
9.1%
EPS (diluted)
BHM
BHM
SUNE
SUNE
Q4 25
$-0.75
$105.59
Q3 25
$-0.94
$-0.12
Q2 25
$-0.66
$-3.14
Q1 25
$-0.67
$-106.71
Q4 24
$-0.65
$41676.94
Q3 24
$0.24
$-2350.12
Q2 24
$-0.42
$-11022.91
Q1 24
$-0.27
$-38414.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BHM
BHM
SUNE
SUNE
Cash + ST InvestmentsLiquidity on hand
$169.6M
$7.2M
Total DebtLower is stronger
$428.4M
$6.6M
Stockholders' EquityBook value
$128.7M
$24.3M
Total Assets
$1.2B
$48.2M
Debt / EquityLower = less leverage
3.33×
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHM
BHM
SUNE
SUNE
Q4 25
$169.6M
$7.2M
Q3 25
$2.1M
$5.4M
Q2 25
$4.2M
$3.2M
Q1 25
$3.0M
$1.4M
Q4 24
$115.2M
$839.3K
Q3 24
$155.1M
$1.1M
Q2 24
$116.0M
$1.0M
Q1 24
$92.3M
$1.8M
Total Debt
BHM
BHM
SUNE
SUNE
Q4 25
$428.4M
$6.6M
Q3 25
$415.9M
Q2 25
$338.6M
Q1 25
$336.5M
Q4 24
$373.8M
Q3 24
$122.5M
Q2 24
$119.7M
Q1 24
$120.2M
Stockholders' Equity
BHM
BHM
SUNE
SUNE
Q4 25
$128.7M
$24.3M
Q3 25
$131.7M
$21.7M
Q2 25
$135.3M
$22.1M
Q1 25
$137.1M
$14.8M
Q4 24
$139.1M
$8.5M
Q3 24
$142.9M
$13.1M
Q2 24
$142.5M
$-10.9M
Q1 24
$144.5M
$-11.2M
Total Assets
BHM
BHM
SUNE
SUNE
Q4 25
$1.2B
$48.2M
Q3 25
$222.1M
$49.6M
Q2 25
$220.3M
$44.1M
Q1 25
$186.2M
$44.4M
Q4 24
$967.0M
$45.7M
Q3 24
$800.8M
$51.0M
Q2 24
$756.2M
$52.9M
Q1 24
$727.4M
$54.7M
Debt / Equity
BHM
BHM
SUNE
SUNE
Q4 25
3.33×
0.27×
Q3 25
3.16×
Q2 25
2.50×
Q1 25
2.45×
Q4 24
2.69×
Q3 24
0.86×
Q2 24
0.84×
Q1 24
0.83×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BHM
BHM
SUNE
SUNE
Operating Cash FlowLast quarter
$27.8M
$2.1M
Free Cash FlowOCF − Capex
$10.4M
FCF MarginFCF / Revenue
55.0%
Capex IntensityCapex / Revenue
91.8%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters
$25.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHM
BHM
SUNE
SUNE
Q4 25
$27.8M
$2.1M
Q3 25
$13.4M
$2.4M
Q2 25
$13.9M
$-130.2K
Q1 25
$951.0K
$-3.4M
Q4 24
$9.1M
$-1.9M
Q3 24
$1.7M
$-968.1K
Q2 24
$1.3M
$-776.4K
Q1 24
$1.1M
$-2.6M
Free Cash Flow
BHM
BHM
SUNE
SUNE
Q4 25
$10.4M
Q3 25
$8.7M
$2.4M
Q2 25
$8.8M
Q1 25
$-2.9M
Q4 24
$-253.0K
$-1.9M
Q3 24
$-601.0K
$-980.3K
Q2 24
$-654.0K
$-788.4K
Q1 24
$-630.0K
$-2.7M
FCF Margin
BHM
BHM
SUNE
SUNE
Q4 25
55.0%
Q3 25
52.4%
12.5%
Q2 25
52.2%
Q1 25
-17.6%
Q4 24
-1.8%
-12.4%
Q3 24
-4.7%
-6.7%
Q2 24
-5.2%
-5.8%
Q1 24
-5.6%
-20.1%
Capex Intensity
BHM
BHM
SUNE
SUNE
Q4 25
91.8%
Q3 25
28.5%
0.0%
Q2 25
30.3%
Q1 25
23.4%
Q4 24
66.9%
0.0%
Q3 24
18.0%
0.1%
Q2 24
15.3%
0.1%
Q1 24
15.5%
0.0%
Cash Conversion
BHM
BHM
SUNE
SUNE
Q4 25
0.81×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.47×
Q2 24
Q1 24
-2.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BHM
BHM

Residential Communities Segment$11.4M61%
Scattered Single Family Homes Segment$7.5M39%

SUNE
SUNE

Transferred At Point In Time$15.1M55%
Hawaii Energy Connection$10.0M37%
Transferred Over Time$2.1M8%

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