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Side-by-side financial comparison of Pinnacle West Capital (PNW) and SUN COMMUNITIES INC (SUI). Click either name above to swap in a different company.

Pinnacle West Capital is the larger business by last-quarter revenue ($1.1B vs $697.2M, roughly 1.6× SUN COMMUNITIES INC). SUN COMMUNITIES INC runs the higher net margin — 1.7% vs 1.6%, a 0.2% gap on every dollar of revenue. On growth, Pinnacle West Capital posted the faster year-over-year revenue change (3.0% vs -25.8%). Over the past eight quarters, Pinnacle West Capital's revenue compounded faster (8.9% CAGR vs -2.1%).

Pinnacle West Capital Corporation is an American utility holding company that owns Arizona Public Service (APS). It is publicly traded on the New York Stock exchange and a component of the S&P 500 stock market index. APS is the largest utility company in Arizona and is regulated by the Arizona Corporation Commission (ACC).

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..

PNW vs SUI — Head-to-Head

Bigger by revenue
PNW
PNW
1.6× larger
PNW
$1.1B
$697.2M
SUI
Growing faster (revenue YoY)
PNW
PNW
+28.8% gap
PNW
3.0%
-25.8%
SUI
Higher net margin
SUI
SUI
0.2% more per $
SUI
1.7%
1.6%
PNW
Faster 2-yr revenue CAGR
PNW
PNW
Annualised
PNW
8.9%
-2.1%
SUI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
PNW
PNW
SUI
SUI
Revenue
$1.1B
$697.2M
Net Profit
$17.6M
$12.1M
Gross Margin
Operating Margin
10.7%
Net Margin
1.6%
1.7%
Revenue YoY
3.0%
-25.8%
Net Profit YoY
798.0%
-96.0%
EPS (diluted)
$0.12
$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
PNW
PNW
SUI
SUI
Q4 25
$1.1B
Q3 25
$1.8B
$697.2M
Q2 25
$1.4B
$623.5M
Q1 25
$1.0B
$470.2M
Q4 24
$1.1B
$745.9M
Q3 24
$1.8B
$939.9M
Q2 24
$1.3B
$864.0M
Q1 24
$951.7M
$671.3M
Net Profit
PNW
PNW
SUI
SUI
Q4 25
$17.6M
Q3 25
$417.5M
$12.1M
Q2 25
$196.9M
$1.3B
Q1 25
$-338.0K
$-41.2M
Q4 24
$-2.5M
$-228.4M
Q3 24
$399.3M
$300.5M
Q2 24
$208.1M
$56.7M
Q1 24
$21.2M
$-25.2M
Operating Margin
PNW
PNW
SUI
SUI
Q4 25
10.7%
Q3 25
32.0%
Q2 25
22.6%
Q1 25
5.5%
Q4 24
7.7%
Q3 24
30.9%
Q2 24
24.0%
Q1 24
7.0%
Net Margin
PNW
PNW
SUI
SUI
Q4 25
1.6%
Q3 25
22.9%
1.7%
Q2 25
14.5%
210.8%
Q1 25
-0.0%
-8.8%
Q4 24
-0.2%
-30.6%
Q3 24
22.6%
32.0%
Q2 24
15.9%
6.6%
Q1 24
2.2%
-3.8%
EPS (diluted)
PNW
PNW
SUI
SUI
Q4 25
$0.12
Q3 25
$3.39
$0.07
Q2 25
$1.58
$10.02
Q1 25
$-0.04
$-0.34
Q4 24
$-0.04
$-1.80
Q3 24
$3.37
$2.31
Q2 24
$1.76
$0.42
Q1 24
$0.15
$-0.22

Balance Sheet & Financial Strength

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

Metric
PNW
PNW
SUI
SUI
Cash + ST InvestmentsLiquidity on hand
$6.6M
$542.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.0B
$7.0B
Total Assets
$30.0B
$12.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PNW
PNW
SUI
SUI
Q4 25
$6.6M
Q3 25
$30.9M
$542.7M
Q2 25
$18.8M
$889.7M
Q1 25
$10.0M
Q4 24
$3.8M
$47.4M
Q3 24
$49.2M
Q2 24
$4.0M
Q1 24
$9.6M
Total Debt
PNW
PNW
SUI
SUI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$7.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PNW
PNW
SUI
SUI
Q4 25
$7.0B
Q3 25
$7.2B
$7.0B
Q2 25
$6.7B
$7.4B
Q1 25
$6.7B
$6.9B
Q4 24
$6.8B
$7.1B
Q3 24
$6.6B
$7.5B
Q2 24
$6.2B
$6.9B
Q1 24
$6.2B
$6.9B
Total Assets
PNW
PNW
SUI
SUI
Q4 25
$30.0B
Q3 25
$29.9B
$12.8B
Q2 25
$29.2B
$13.4B
Q1 25
$27.2B
$16.5B
Q4 24
$26.1B
$16.5B
Q3 24
$26.3B
$17.1B
Q2 24
$25.7B
$17.0B
Q1 24
$24.8B
$17.1B
Debt / Equity
PNW
PNW
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
PNW
PNW
SUI
SUI
Operating Cash FlowLast quarter
$476.8M
$197.8M
Free Cash FlowOCF − Capex
$-192.7M
FCF MarginFCF / Revenue
-17.1%
Capex IntensityCapex / Revenue
59.3%
Cash ConversionOCF / Net Profit
27.09×
16.35×
TTM Free Cash FlowTrailing 4 quarters
$-819.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PNW
PNW
SUI
SUI
Q4 25
$476.8M
Q3 25
$665.0M
$197.8M
Q2 25
$261.4M
$256.0M
Q1 25
$401.9M
$243.9M
Q4 24
$439.5M
$118.0M
Q3 24
$633.2M
$189.2M
Q2 24
$189.8M
$311.3M
Q1 24
$347.4M
$242.5M
Free Cash Flow
PNW
PNW
SUI
SUI
Q4 25
$-192.7M
Q3 25
$42.0M
Q2 25
$-448.1M
Q1 25
$-220.7M
Q4 24
$-92.1M
Q3 24
$-32.7M
Q2 24
$-344.2M
Q1 24
$-170.4M
FCF Margin
PNW
PNW
SUI
SUI
Q4 25
-17.1%
Q3 25
2.3%
Q2 25
-33.0%
Q1 25
-21.4%
Q4 24
-8.4%
Q3 24
-1.8%
Q2 24
-26.3%
Q1 24
-17.9%
Capex Intensity
PNW
PNW
SUI
SUI
Q4 25
59.3%
Q3 25
34.2%
Q2 25
52.2%
Q1 25
60.3%
Q4 24
48.5%
Q3 24
37.6%
Q2 24
40.8%
Q1 24
54.4%
Cash Conversion
PNW
PNW
SUI
SUI
Q4 25
27.09×
Q3 25
1.59×
16.35×
Q2 25
1.33×
0.19×
Q1 25
Q4 24
Q3 24
1.59×
0.63×
Q2 24
0.91×
5.49×
Q1 24
16.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PNW
PNW

Electricand Transmission Service$1.1B100%
Other Services$4.4M0%

SUI
SUI

Segment breakdown not available.

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