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Side-by-side financial comparison of CMB.TECH NV (CMBT) and SUN COMMUNITIES INC (SUI). Click either name above to swap in a different company.

SUN COMMUNITIES INC is the larger business by last-quarter revenue ($697.2M vs $592.8M, roughly 1.2× CMB.TECH NV). CMB.TECH NV runs the higher net margin — 32.3% vs 1.7%, a 30.5% gap on every dollar of revenue. On growth, SUN COMMUNITIES INC posted the faster year-over-year revenue change (-25.8% vs -34.6%).

CMB.TECH, before October 2024 known as Euronav, is a crude oil tanker transport company, which consists of VLCCs, Suezmaxes and FSOs.

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..

CMBT vs SUI — Head-to-Head

Bigger by revenue
SUI
SUI
1.2× larger
SUI
$697.2M
$592.8M
CMBT
Growing faster (revenue YoY)
SUI
SUI
+8.7% gap
SUI
-25.8%
-34.6%
CMBT
Higher net margin
CMBT
CMBT
30.5% more per $
CMBT
32.3%
1.7%
SUI

Income Statement — Q4 FY2024 vs Q2 FY2026

Metric
CMBT
CMBT
SUI
SUI
Revenue
$592.8M
$697.2M
Net Profit
$191.2M
$12.1M
Gross Margin
Operating Margin
46.4%
Net Margin
32.3%
1.7%
Revenue YoY
-34.6%
-25.8%
Net Profit YoY
-63.3%
-96.0%
EPS (diluted)
$1.01
$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
CMBT
CMBT
SUI
SUI
Q3 25
$697.2M
Q2 25
$623.5M
Q1 25
$470.2M
Q4 24
$592.8M
$745.9M
Q3 24
$939.9M
Q2 24
$864.0M
Q1 24
$671.3M
Q4 23
$905.9M
$726.7M
Net Profit
CMBT
CMBT
SUI
SUI
Q3 25
$12.1M
Q2 25
$1.3B
Q1 25
$-41.2M
Q4 24
$191.2M
$-228.4M
Q3 24
$300.5M
Q2 24
$56.7M
Q1 24
$-25.2M
Q4 23
$521.2M
$-429.7M
Operating Margin
CMBT
CMBT
SUI
SUI
Q3 25
Q2 25
Q1 25
Q4 24
46.4%
Q3 24
Q2 24
Q1 24
Q4 23
63.4%
Net Margin
CMBT
CMBT
SUI
SUI
Q3 25
1.7%
Q2 25
210.8%
Q1 25
-8.8%
Q4 24
32.3%
-30.6%
Q3 24
32.0%
Q2 24
6.6%
Q1 24
-3.8%
Q4 23
57.5%
-59.1%
EPS (diluted)
CMBT
CMBT
SUI
SUI
Q3 25
$0.07
Q2 25
$10.02
Q1 25
$-0.34
Q4 24
$1.01
$-1.80
Q3 24
$2.31
Q2 24
$0.42
Q1 24
$-0.22
Q4 23
$2.58
$-3.51

Balance Sheet & Financial Strength

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

Metric
CMBT
CMBT
SUI
SUI
Cash + ST InvestmentsLiquidity on hand
$38.9M
$542.7M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$1.2B
$7.0B
Total Assets
$3.9B
$12.8B
Debt / EquityLower = less leverage
2.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBT
CMBT
SUI
SUI
Q3 25
$542.7M
Q2 25
$889.7M
Q1 25
Q4 24
$38.9M
$47.4M
Q3 24
Q2 24
Q1 24
Q4 23
$429.4M
$29.2M
Total Debt
CMBT
CMBT
SUI
SUI
Q3 25
Q2 25
Q1 25
Q4 24
$2.6B
$7.4B
Q3 24
Q2 24
Q1 24
Q4 23
$930.7M
$7.8B
Stockholders' Equity
CMBT
CMBT
SUI
SUI
Q3 25
$7.0B
Q2 25
$7.4B
Q1 25
$6.9B
Q4 24
$1.2B
$7.1B
Q3 24
$7.5B
Q2 24
$6.9B
Q1 24
$6.9B
Q4 23
$2.4B
$7.1B
Total Assets
CMBT
CMBT
SUI
SUI
Q3 25
$12.8B
Q2 25
$13.4B
Q1 25
$16.5B
Q4 24
$3.9B
$16.5B
Q3 24
$17.1B
Q2 24
$17.0B
Q1 24
$17.1B
Q4 23
$3.4B
$16.9B
Debt / Equity
CMBT
CMBT
SUI
SUI
Q3 25
Q2 25
Q1 25
Q4 24
2.20×
1.04×
Q3 24
Q2 24
Q1 24
Q4 23
0.39×
1.10×

Cash Flow & Capital Efficiency

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

Metric
CMBT
CMBT
SUI
SUI
Operating Cash FlowLast quarter
$204.4M
$197.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.07×
16.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBT
CMBT
SUI
SUI
Q3 25
$197.8M
Q2 25
$256.0M
Q1 25
$243.9M
Q4 24
$204.4M
$118.0M
Q3 24
$189.2M
Q2 24
$311.3M
Q1 24
$242.5M
Q4 23
$435.8M
$117.6M
Free Cash Flow
CMBT
CMBT
SUI
SUI
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
$65.6M
FCF Margin
CMBT
CMBT
SUI
SUI
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
7.2%
Capex Intensity
CMBT
CMBT
SUI
SUI
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
40.9%
Cash Conversion
CMBT
CMBT
SUI
SUI
Q3 25
16.35×
Q2 25
0.19×
Q1 25
Q4 24
1.07×
Q3 24
0.63×
Q2 24
5.49×
Q1 24
Q4 23
0.84×

Financial Flow Comparison

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

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