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Side-by-side financial comparison of Spectrum Brands Holdings, Inc. (SPB) 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 $677.0M, roughly 1.0× Spectrum Brands Holdings, Inc.). Spectrum Brands Holdings, Inc. runs the higher net margin — 4.2% vs 1.7%, a 2.5% gap on every dollar of revenue. On growth, Spectrum Brands Holdings, Inc. posted the faster year-over-year revenue change (-3.3% vs -25.8%). Over the past eight quarters, SUN COMMUNITIES INC's revenue compounded faster (-2.1% CAGR vs -2.9%).

Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.

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..

SPB vs SUI — Head-to-Head

Bigger by revenue
SUI
SUI
1.0× larger
SUI
$697.2M
$677.0M
SPB
Growing faster (revenue YoY)
SPB
SPB
+22.5% gap
SPB
-3.3%
-25.8%
SUI
Higher net margin
SPB
SPB
2.5% more per $
SPB
4.2%
1.7%
SUI
Faster 2-yr revenue CAGR
SUI
SUI
Annualised
SUI
-2.1%
-2.9%
SPB

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
SPB
SPB
SUI
SUI
Revenue
$677.0M
$697.2M
Net Profit
$28.4M
$12.1M
Gross Margin
35.7%
Operating Margin
4.0%
Net Margin
4.2%
1.7%
Revenue YoY
-3.3%
-25.8%
Net Profit YoY
20.9%
-96.0%
EPS (diluted)
$1.21
$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
SPB
SPB
SUI
SUI
Q4 25
$677.0M
Q3 25
$733.5M
$697.2M
Q2 25
$699.6M
$623.5M
Q1 25
$675.7M
$470.2M
Q4 24
$700.2M
$745.9M
Q3 24
$773.8M
$939.9M
Q2 24
$779.4M
$864.0M
Q1 24
$718.5M
$671.3M
Net Profit
SPB
SPB
SUI
SUI
Q4 25
$28.4M
Q3 25
$55.6M
$12.1M
Q2 25
$19.9M
$1.3B
Q1 25
$900.0K
$-41.2M
Q4 24
$23.5M
$-228.4M
Q3 24
$28.5M
$300.5M
Q2 24
$6.1M
$56.7M
Q1 24
$61.1M
$-25.2M
Gross Margin
SPB
SPB
SUI
SUI
Q4 25
35.7%
Q3 25
35.0%
Q2 25
37.8%
Q1 25
37.5%
Q4 24
36.8%
Q3 24
37.2%
Q2 24
38.9%
Q1 24
38.1%
Operating Margin
SPB
SPB
SUI
SUI
Q4 25
4.0%
Q3 25
4.0%
Q2 25
4.5%
Q1 25
2.9%
Q4 24
6.4%
Q3 24
2.8%
Q2 24
6.1%
Q1 24
10.6%
Net Margin
SPB
SPB
SUI
SUI
Q4 25
4.2%
Q3 25
7.6%
1.7%
Q2 25
2.8%
210.8%
Q1 25
0.1%
-8.8%
Q4 24
3.4%
-30.6%
Q3 24
3.7%
32.0%
Q2 24
0.8%
6.6%
Q1 24
8.5%
-3.8%
EPS (diluted)
SPB
SPB
SUI
SUI
Q4 25
$1.21
Q3 25
$2.19
$0.07
Q2 25
$0.80
$10.02
Q1 25
$0.03
$-0.34
Q4 24
$0.84
$-1.80
Q3 24
$1.03
$2.31
Q2 24
$0.21
$0.42
Q1 24
$2.01
$-0.22

Balance Sheet & Financial Strength

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

Metric
SPB
SPB
SUI
SUI
Cash + ST InvestmentsLiquidity on hand
$126.6M
$542.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$7.0B
Total Assets
$3.4B
$12.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPB
SPB
SUI
SUI
Q4 25
$126.6M
Q3 25
$123.6M
$542.7M
Q2 25
$122.0M
$889.7M
Q1 25
$96.0M
Q4 24
$179.9M
$47.4M
Q3 24
$368.9M
Q2 24
$306.8M
Q1 24
$1.2B
Total Debt
SPB
SPB
SUI
SUI
Q4 25
Q3 25
$496.1M
Q2 25
Q1 25
Q4 24
$7.4B
Q3 24
$496.1M
Q2 24
Q1 24
Stockholders' Equity
SPB
SPB
SUI
SUI
Q4 25
$1.9B
Q3 25
$1.9B
$7.0B
Q2 25
$1.9B
$7.4B
Q1 25
$1.9B
$6.9B
Q4 24
$2.0B
$7.1B
Q3 24
$2.1B
$7.5B
Q2 24
$2.1B
$6.9B
Q1 24
$2.3B
$6.9B
Total Assets
SPB
SPB
SUI
SUI
Q4 25
$3.4B
Q3 25
$3.4B
$12.8B
Q2 25
$3.5B
$13.4B
Q1 25
$3.5B
$16.5B
Q4 24
$3.6B
$16.5B
Q3 24
$3.8B
$17.1B
Q2 24
$3.8B
$17.0B
Q1 24
$4.8B
$17.1B
Debt / Equity
SPB
SPB
SUI
SUI
Q4 25
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
1.04×
Q3 24
0.23×
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
SPB
SPB
SUI
SUI
Operating Cash FlowLast quarter
$67.4M
$197.8M
Free Cash FlowOCF − Capex
$59.3M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
2.37×
16.35×
TTM Free Cash FlowTrailing 4 quarters
$302.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPB
SPB
SUI
SUI
Q4 25
$67.4M
Q3 25
$171.1M
$197.8M
Q2 25
$81.8M
$256.0M
Q1 25
$23.1M
$243.9M
Q4 24
$-72.4M
$118.0M
Q3 24
$80.7M
$189.2M
Q2 24
$82.7M
$311.3M
Q1 24
$3.5M
$242.5M
Free Cash Flow
SPB
SPB
SUI
SUI
Q4 25
$59.3M
Q3 25
$157.9M
Q2 25
$71.8M
Q1 25
$13.9M
Q4 24
$-78.3M
Q3 24
$67.7M
Q2 24
$72.6M
Q1 24
$-9.0M
FCF Margin
SPB
SPB
SUI
SUI
Q4 25
8.8%
Q3 25
21.5%
Q2 25
10.3%
Q1 25
2.1%
Q4 24
-11.2%
Q3 24
8.7%
Q2 24
9.3%
Q1 24
-1.3%
Capex Intensity
SPB
SPB
SUI
SUI
Q4 25
1.2%
Q3 25
1.8%
Q2 25
1.4%
Q1 25
1.4%
Q4 24
0.8%
Q3 24
1.7%
Q2 24
1.3%
Q1 24
1.7%
Cash Conversion
SPB
SPB
SUI
SUI
Q4 25
2.37×
Q3 25
3.08×
16.35×
Q2 25
4.11×
0.19×
Q1 25
25.67×
Q4 24
-3.08×
Q3 24
2.83×
0.63×
Q2 24
13.56×
5.49×
Q1 24
0.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SPB
SPB

HPC Segment$321.5M47%
Global Pet Supplies$168.7M25%
Home And Personal Care$109.8M16%
HG Segment$73.9M11%

SUI
SUI

Segment breakdown not available.

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