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Side-by-side financial comparison of NorthWestern Energy Group, Inc. (NWE) 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 $497.6M, roughly 1.4× NorthWestern Energy Group, Inc.). NorthWestern Energy Group, Inc. runs the higher net margin — 12.8% vs 1.7%, a 11.0% gap on every dollar of revenue. On growth, NorthWestern Energy Group, Inc. posted the faster year-over-year revenue change (6.6% vs -25.8%). Over the past eight quarters, NorthWestern Energy Group, Inc.'s revenue compounded faster (24.7% CAGR vs -2.1%).

NorthWestern Energy Group, Inc. is a utility company that serves South Dakota, Nebraska, and Montana that is based in Sioux Falls. As of 2019, the company serves approximately 718,000 customers. The company's corporate headquarters are located in Sioux Falls while the headquarters for the South Dakota operations are in Huron, South Dakota.

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..

NWE vs SUI — Head-to-Head

Bigger by revenue
SUI
SUI
1.4× larger
SUI
$697.2M
$497.6M
NWE
Growing faster (revenue YoY)
NWE
NWE
+32.5% gap
NWE
6.6%
-25.8%
SUI
Higher net margin
NWE
NWE
11.0% more per $
NWE
12.8%
1.7%
SUI
Faster 2-yr revenue CAGR
NWE
NWE
Annualised
NWE
24.7%
-2.1%
SUI

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
NWE
NWE
SUI
SUI
Revenue
$497.6M
$697.2M
Net Profit
$63.5M
$12.1M
Gross Margin
Operating Margin
22.9%
Net Margin
12.8%
1.7%
Revenue YoY
6.6%
-25.8%
Net Profit YoY
-96.0%
EPS (diluted)
$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
NWE
NWE
SUI
SUI
Q1 26
$497.6M
Q4 25
$414.3M
Q3 25
$387.0M
$697.2M
Q2 25
$342.7M
$623.5M
Q1 25
$466.6M
$470.2M
Q4 24
$373.5M
$745.9M
Q3 24
$345.2M
$939.9M
Q2 24
$319.9M
$864.0M
Net Profit
NWE
NWE
SUI
SUI
Q1 26
$63.5M
Q4 25
$44.7M
Q3 25
$38.2M
$12.1M
Q2 25
$21.2M
$1.3B
Q1 25
$76.9M
$-41.2M
Q4 24
$80.6M
$-228.4M
Q3 24
$46.8M
$300.5M
Q2 24
$31.7M
$56.7M
Operating Margin
NWE
NWE
SUI
SUI
Q1 26
22.9%
Q4 25
14.5%
Q3 25
20.7%
Q2 25
17.7%
Q1 25
26.7%
Q4 24
24.6%
Q3 24
19.7%
Q2 24
19.3%
Net Margin
NWE
NWE
SUI
SUI
Q1 26
12.8%
Q4 25
10.8%
Q3 25
9.9%
1.7%
Q2 25
6.2%
210.8%
Q1 25
16.5%
-8.8%
Q4 24
21.6%
-30.6%
Q3 24
13.6%
32.0%
Q2 24
9.9%
6.6%
EPS (diluted)
NWE
NWE
SUI
SUI
Q1 26
Q4 25
$0.72
Q3 25
$0.62
$0.07
Q2 25
$0.35
$10.02
Q1 25
$1.25
$-0.34
Q4 24
$1.31
$-1.80
Q3 24
$0.76
$2.31
Q2 24
$0.52
$0.42

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NWE
NWE
SUI
SUI
Q1 26
Q4 25
$8.8M
Q3 25
$6.2M
$542.7M
Q2 25
$2.9M
$889.7M
Q1 25
$56.0M
Q4 24
$4.3M
$47.4M
Q3 24
$2.5M
Q2 24
$6.4M
Total Debt
NWE
NWE
SUI
SUI
Q1 26
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.0B
$7.4B
Q3 24
Q2 24
Stockholders' Equity
NWE
NWE
SUI
SUI
Q1 26
Q4 25
$2.9B
Q3 25
$2.9B
$7.0B
Q2 25
$2.9B
$7.4B
Q1 25
$2.9B
$6.9B
Q4 24
$2.9B
$7.1B
Q3 24
$2.8B
$7.5B
Q2 24
$2.8B
$6.9B
Total Assets
NWE
NWE
SUI
SUI
Q1 26
Q4 25
$8.5B
Q3 25
$8.3B
$12.8B
Q2 25
$8.1B
$13.4B
Q1 25
$8.1B
$16.5B
Q4 24
$8.0B
$16.5B
Q3 24
$7.9B
$17.1B
Q2 24
$7.7B
$17.0B
Debt / Equity
NWE
NWE
SUI
SUI
Q1 26
Q4 25
1.14×
Q3 25
Q2 25
Q1 25
Q4 24
1.05×
1.04×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NWE
NWE
SUI
SUI
Q1 26
Q4 25
$56.2M
Q3 25
$126.7M
$197.8M
Q2 25
$58.2M
$256.0M
Q1 25
$153.4M
$243.9M
Q4 24
$62.8M
$118.0M
Q3 24
$120.0M
$189.2M
Q2 24
$62.3M
$311.3M
Free Cash Flow
NWE
NWE
SUI
SUI
Q1 26
Q4 25
$-93.7M
Q3 25
$-26.9M
Q2 25
$-70.6M
Q1 25
$61.3M
Q4 24
$-85.9M
Q3 24
$-33.2M
Q2 24
$-76.3M
FCF Margin
NWE
NWE
SUI
SUI
Q1 26
Q4 25
-22.6%
Q3 25
-6.9%
Q2 25
-20.6%
Q1 25
13.1%
Q4 24
-23.0%
Q3 24
-9.6%
Q2 24
-23.9%
Capex Intensity
NWE
NWE
SUI
SUI
Q1 26
Q4 25
36.2%
Q3 25
39.7%
Q2 25
37.6%
Q1 25
19.7%
Q4 24
39.8%
Q3 24
44.4%
Q2 24
43.3%
Cash Conversion
NWE
NWE
SUI
SUI
Q1 26
Q4 25
1.26×
Q3 25
3.31×
16.35×
Q2 25
2.74×
0.19×
Q1 25
1.99×
Q4 24
0.78×
Q3 24
2.56×
0.63×
Q2 24
1.97×
5.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NWE
NWE

Electric$362.1M73%
Gas$135.5M27%

SUI
SUI

Segment breakdown not available.

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