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Side-by-side financial comparison of Brookfield Property Partners L.P. (BPYPP) and Sandisk Corp (SNDK). Click either name above to swap in a different company.

Sandisk Corp is the larger business by last-quarter revenue ($3.0B vs $1.8B, roughly 1.7× Brookfield Property Partners L.P.). Sandisk Corp runs the higher net margin — 26.5% vs -2.6%, a 29.1% gap on every dollar of revenue. On growth, Sandisk Corp posted the faster year-over-year revenue change (78.5% vs -25.6%).

Brookfield Property Partners L.P. is a limited partnership that owns office buildings and shopping centers/shopping malls, as well as minority limited partner interests in investment funds sponsored by affiliates that invest in other types of commercial property. It is headquartered in Hamilton, Bermuda.

Sandisk Corporation is an American multinational computer technology company based in Milpitas, California, that designs and manufactures flash memory products, including memory cards, USB flash drives, and solid-state drives. It was founded in 1988 as SunDisk by Eli Harari, Sanjay Mehrotra, and Jack Yuan. The name is a portmanteau of the founder’s name Sanjay and disk.

BPYPP vs SNDK — Head-to-Head

Bigger by revenue
SNDK
SNDK
1.7× larger
SNDK
$3.0B
$1.8B
BPYPP
Growing faster (revenue YoY)
SNDK
SNDK
+104.1% gap
SNDK
78.5%
-25.6%
BPYPP
Higher net margin
SNDK
SNDK
29.1% more per $
SNDK
26.5%
-2.6%
BPYPP

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
BPYPP
BPYPP
SNDK
SNDK
Revenue
$1.8B
$3.0B
Net Profit
$-46.0M
$803.0M
Gross Margin
50.9%
Operating Margin
35.2%
Net Margin
-2.6%
26.5%
Revenue YoY
-25.6%
78.5%
Net Profit YoY
94.2%
141.5%
EPS (diluted)
$5.15

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
BPYPP
BPYPP
SNDK
SNDK
Q1 26
$3.0B
Q4 25
$2.3B
Q2 25
$1.8B
$1.9B
Q1 25
$1.7B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$2.4B
Q1 24
$1.7B
Net Profit
BPYPP
BPYPP
SNDK
SNDK
Q1 26
$803.0M
Q4 25
$112.0M
Q2 25
$-46.0M
$-23.0M
Q1 25
$-1.9B
Q4 24
$104.0M
Q3 24
$211.0M
Q2 24
$-789.0M
Q1 24
$27.0M
Gross Margin
BPYPP
BPYPP
SNDK
SNDK
Q1 26
50.9%
Q4 25
29.8%
Q2 25
26.2%
Q1 25
22.5%
Q4 24
32.3%
Q3 24
38.6%
Q2 24
Q1 24
27.2%
Operating Margin
BPYPP
BPYPP
SNDK
SNDK
Q1 26
35.2%
Q4 25
7.6%
Q2 25
0.9%
Q1 25
-111.0%
Q4 24
10.4%
Q3 24
15.5%
Q2 24
Q1 24
3.8%
Net Margin
BPYPP
BPYPP
SNDK
SNDK
Q1 26
26.5%
Q4 25
4.9%
Q2 25
-2.6%
-1.2%
Q1 25
-114.0%
Q4 24
5.5%
Q3 24
11.2%
Q2 24
-32.6%
Q1 24
1.6%
EPS (diluted)
BPYPP
BPYPP
SNDK
SNDK
Q1 26
$5.15
Q4 25
$0.75
Q2 25
$-0.17
Q1 25
$-13.33
Q4 24
$0.72
Q3 24
$1.46
Q2 24
Q1 24
$0.19

Balance Sheet & Financial Strength

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

Metric
BPYPP
BPYPP
SNDK
SNDK
Cash + ST InvestmentsLiquidity on hand
$1.7B
$1.5B
Total DebtLower is stronger
$603.0M
Stockholders' EquityBook value
$40.2B
$10.2B
Total Assets
$98.9B
$13.0B
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BPYPP
BPYPP
SNDK
SNDK
Q1 26
$1.5B
Q4 25
$1.4B
Q2 25
$1.7B
$1.5B
Q1 25
$1.5B
Q4 24
$804.0M
Q3 24
Q2 24
$2.4B
Q1 24
Total Debt
BPYPP
BPYPP
SNDK
SNDK
Q1 26
$603.0M
Q4 25
$1.4B
Q2 25
$1.8B
Q1 25
$1.9B
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BPYPP
BPYPP
SNDK
SNDK
Q1 26
$10.2B
Q4 25
$9.4B
Q2 25
$40.2B
$9.2B
Q1 25
$9.2B
Q4 24
$12.0B
Q3 24
$12.1B
Q2 24
$48.5B
Q1 24
$10.9B
Total Assets
BPYPP
BPYPP
SNDK
SNDK
Q1 26
$13.0B
Q4 25
$12.7B
Q2 25
$98.9B
$13.0B
Q1 25
$13.0B
Q4 24
$14.2B
Q3 24
Q2 24
$132.6B
Q1 24
Debt / Equity
BPYPP
BPYPP
SNDK
SNDK
Q1 26
0.06×
Q4 25
0.14×
Q2 25
0.20×
Q1 25
0.21×
Q4 24
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
BPYPP
BPYPP
SNDK
SNDK
Operating Cash FlowLast quarter
$1.0B
Free Cash FlowOCF − Capex
$980.0M
FCF MarginFCF / Revenue
32.4%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
1.27×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BPYPP
BPYPP
SNDK
SNDK
Q1 26
$1.0B
Q4 25
$488.0M
Q2 25
Q1 25
$26.0M
Q4 24
$95.0M
Q3 24
$-131.0M
Q2 24
Q1 24
Free Cash Flow
BPYPP
BPYPP
SNDK
SNDK
Q1 26
$980.0M
Q4 25
$438.0M
Q2 25
Q1 25
$-18.0M
Q4 24
$47.0M
Q3 24
$-198.0M
Q2 24
Q1 24
FCF Margin
BPYPP
BPYPP
SNDK
SNDK
Q1 26
32.4%
Q4 25
19.0%
Q2 25
Q1 25
-1.1%
Q4 24
2.5%
Q3 24
-10.5%
Q2 24
Q1 24
Capex Intensity
BPYPP
BPYPP
SNDK
SNDK
Q1 26
1.3%
Q4 25
2.2%
Q2 25
Q1 25
2.6%
Q4 24
2.6%
Q3 24
3.6%
Q2 24
Q1 24
Cash Conversion
BPYPP
BPYPP
SNDK
SNDK
Q1 26
1.27×
Q4 25
4.36×
Q2 25
Q1 25
Q4 24
0.91×
Q3 24
-0.62×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BPYPP
BPYPP

Segment breakdown not available.

SNDK
SNDK

Edge$1.7B55%
Consumer$907.0M30%
Datacenter$440.0M15%

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