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Side-by-side financial comparison of Boot Barn Holdings, Inc. (BOOT) and SUN COMMUNITIES INC (SUI). Click either name above to swap in a different company.

Boot Barn Holdings, Inc. is the larger business by last-quarter revenue ($705.6M vs $697.2M, roughly 1.0× SUN COMMUNITIES INC). Boot Barn Holdings, Inc. runs the higher net margin — 12.2% vs 1.7%, a 10.4% gap on every dollar of revenue. On growth, Boot Barn Holdings, Inc. posted the faster year-over-year revenue change (16.0% vs -25.8%). Over the past eight quarters, Boot Barn Holdings, Inc.'s revenue compounded faster (34.8% CAGR vs -2.1%).

Henry Boot plc is a British property development business based in Sheffield, England. It was floated on the London Stock Exchange in 1919, becoming the first quoted housebuilder. Between the wars, Henry Boot built more houses than any other company. The company remains a significant construction and property management company operating in the UK.

Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing communities and recreational vehicle communities. As of June 2, 2025, the company owned interests in 500 such properties in the United States, Canada, and the UK..

BOOT vs SUI — Head-to-Head

Bigger by revenue
BOOT
BOOT
1.0× larger
BOOT
$705.6M
$697.2M
SUI
Growing faster (revenue YoY)
BOOT
BOOT
+41.8% gap
BOOT
16.0%
-25.8%
SUI
Higher net margin
BOOT
BOOT
10.4% more per $
BOOT
12.2%
1.7%
SUI
Faster 2-yr revenue CAGR
BOOT
BOOT
Annualised
BOOT
34.8%
-2.1%
SUI

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
BOOT
BOOT
SUI
SUI
Revenue
$705.6M
$697.2M
Net Profit
$85.8M
$12.1M
Gross Margin
39.9%
Operating Margin
16.3%
Net Margin
12.2%
1.7%
Revenue YoY
16.0%
-25.8%
Net Profit YoY
14.3%
-96.0%
EPS (diluted)
$2.79
$0.07

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
BOOT
BOOT
SUI
SUI
Q4 25
$705.6M
Q3 25
$505.4M
$697.2M
Q2 25
$504.1M
$623.5M
Q1 25
$453.7M
$470.2M
Q4 24
$608.2M
$745.9M
Q3 24
$425.8M
$939.9M
Q2 24
$423.4M
$864.0M
Q1 24
$388.5M
$671.3M
Net Profit
BOOT
BOOT
SUI
SUI
Q4 25
$85.8M
Q3 25
$42.2M
$12.1M
Q2 25
$53.4M
$1.3B
Q1 25
$37.5M
$-41.2M
Q4 24
$75.1M
$-228.4M
Q3 24
$29.4M
$300.5M
Q2 24
$38.9M
$56.7M
Q1 24
$29.4M
$-25.2M
Gross Margin
BOOT
BOOT
SUI
SUI
Q4 25
39.9%
Q3 25
36.4%
Q2 25
39.1%
Q1 25
37.1%
Q4 24
39.3%
Q3 24
35.9%
Q2 24
37.0%
Q1 24
35.9%
Operating Margin
BOOT
BOOT
SUI
SUI
Q4 25
16.3%
Q3 25
11.2%
Q2 25
14.0%
Q1 25
11.0%
Q4 24
16.4%
Q3 24
9.4%
Q2 24
11.9%
Q1 24
9.8%
Net Margin
BOOT
BOOT
SUI
SUI
Q4 25
12.2%
Q3 25
8.4%
1.7%
Q2 25
10.6%
210.8%
Q1 25
8.3%
-8.8%
Q4 24
12.3%
-30.6%
Q3 24
6.9%
32.0%
Q2 24
9.2%
6.6%
Q1 24
7.6%
-3.8%
EPS (diluted)
BOOT
BOOT
SUI
SUI
Q4 25
$2.79
Q3 25
$1.37
$0.07
Q2 25
$1.74
$10.02
Q1 25
$1.24
$-0.34
Q4 24
$2.43
$-1.80
Q3 24
$0.95
$2.31
Q2 24
$1.26
$0.42
Q1 24
$0.96
$-0.22

Balance Sheet & Financial Strength

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

Metric
BOOT
BOOT
SUI
SUI
Cash + ST InvestmentsLiquidity on hand
$200.1M
$542.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$7.0B
Total Assets
$2.4B
$12.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOOT
BOOT
SUI
SUI
Q4 25
$200.1M
Q3 25
$64.7M
$542.7M
Q2 25
$95.3M
$889.7M
Q1 25
$69.8M
Q4 24
$152.9M
$47.4M
Q3 24
$37.4M
Q2 24
$83.4M
Q1 24
$75.8M
Total Debt
BOOT
BOOT
SUI
SUI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$7.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BOOT
BOOT
SUI
SUI
Q4 25
$1.3B
Q3 25
$1.2B
$7.0B
Q2 25
$1.2B
$7.4B
Q1 25
$1.1B
$6.9B
Q4 24
$1.1B
$7.1B
Q3 24
$1.0B
$7.5B
Q2 24
$981.8M
$6.9B
Q1 24
$943.6M
$6.9B
Total Assets
BOOT
BOOT
SUI
SUI
Q4 25
$2.4B
Q3 25
$2.3B
$12.8B
Q2 25
$2.1B
$13.4B
Q1 25
$2.0B
$16.5B
Q4 24
$2.0B
$16.5B
Q3 24
$1.9B
$17.1B
Q2 24
$1.8B
$17.0B
Q1 24
$1.7B
$17.1B
Debt / Equity
BOOT
BOOT
SUI
SUI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.04×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BOOT
BOOT
SUI
SUI
Operating Cash FlowLast quarter
$209.7M
$197.8M
Free Cash FlowOCF − Capex
$148.0M
FCF MarginFCF / Revenue
21.0%
Capex IntensityCapex / Revenue
8.7%
Cash ConversionOCF / Net Profit
2.44×
16.35×
TTM Free Cash FlowTrailing 4 quarters
$89.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOOT
BOOT
SUI
SUI
Q4 25
$209.7M
Q3 25
$25.7M
$197.8M
Q2 25
$73.8M
$256.0M
Q1 25
$-43.1M
$243.9M
Q4 24
$157.1M
$118.0M
Q3 24
$-7.8M
$189.2M
Q2 24
$41.3M
$311.3M
Q1 24
$242.5M
Free Cash Flow
BOOT
BOOT
SUI
SUI
Q4 25
$148.0M
Q3 25
$-17.5M
Q2 25
$42.4M
Q1 25
$-83.1M
Q4 24
$114.2M
Q3 24
$-46.1M
Q2 24
$14.2M
Q1 24
FCF Margin
BOOT
BOOT
SUI
SUI
Q4 25
21.0%
Q3 25
-3.5%
Q2 25
8.4%
Q1 25
-18.3%
Q4 24
18.8%
Q3 24
-10.8%
Q2 24
3.4%
Q1 24
Capex Intensity
BOOT
BOOT
SUI
SUI
Q4 25
8.7%
Q3 25
8.6%
Q2 25
6.2%
Q1 25
8.8%
Q4 24
7.1%
Q3 24
9.0%
Q2 24
6.4%
Q1 24
Cash Conversion
BOOT
BOOT
SUI
SUI
Q4 25
2.44×
Q3 25
0.61×
16.35×
Q2 25
1.38×
0.19×
Q1 25
-1.15×
Q4 24
2.09×
Q3 24
-0.26×
0.63×
Q2 24
1.06×
5.49×
Q1 24

Financial Flow Comparison

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

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