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Side-by-side financial comparison of StubHub Holdings, Inc. (STUB) 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 $468.1M, roughly 1.5× StubHub Holdings, Inc.). SUN COMMUNITIES INC runs the higher net margin — 1.7% vs -276.6%, a 278.3% gap on every dollar of revenue. On growth, StubHub Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -25.8%).

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

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..

STUB vs SUI — Head-to-Head

Bigger by revenue
SUI
SUI
1.5× larger
SUI
$697.2M
$468.1M
STUB
Growing faster (revenue YoY)
STUB
STUB
+33.7% gap
STUB
7.9%
-25.8%
SUI
Higher net margin
SUI
SUI
278.3% more per $
SUI
1.7%
-276.6%
STUB

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
STUB
STUB
SUI
SUI
Revenue
$468.1M
$697.2M
Net Profit
$-1.3B
$12.1M
Gross Margin
Operating Margin
-292.3%
Net Margin
-276.6%
1.7%
Revenue YoY
7.9%
-25.8%
Net Profit YoY
-3821.6%
-96.0%
EPS (diluted)
$-4.27
$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
STUB
STUB
SUI
SUI
Q3 25
$468.1M
$697.2M
Q2 25
$623.5M
Q1 25
$470.2M
Q4 24
$745.9M
Q3 24
$433.8M
$939.9M
Q2 24
$864.0M
Q1 24
$671.3M
Q4 23
$726.7M
Net Profit
STUB
STUB
SUI
SUI
Q3 25
$-1.3B
$12.1M
Q2 25
$1.3B
Q1 25
$-41.2M
Q4 24
$-228.4M
Q3 24
$-33.0M
$300.5M
Q2 24
$56.7M
Q1 24
$-25.2M
Q4 23
$-429.7M
Operating Margin
STUB
STUB
SUI
SUI
Q3 25
-292.3%
Q2 25
Q1 25
Q4 24
Q3 24
2.8%
Q2 24
Q1 24
Q4 23
Net Margin
STUB
STUB
SUI
SUI
Q3 25
-276.6%
1.7%
Q2 25
210.8%
Q1 25
-8.8%
Q4 24
-30.6%
Q3 24
-7.6%
32.0%
Q2 24
6.6%
Q1 24
-3.8%
Q4 23
-59.1%
EPS (diluted)
STUB
STUB
SUI
SUI
Q3 25
$-4.27
$0.07
Q2 25
$10.02
Q1 25
$-0.34
Q4 24
$-1.80
Q3 24
$-0.15
$2.31
Q2 24
$0.42
Q1 24
$-0.22
Q4 23
$-3.51

Balance Sheet & Financial Strength

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

Metric
STUB
STUB
SUI
SUI
Cash + ST InvestmentsLiquidity on hand
$1.4B
$542.7M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$1.7B
$7.0B
Total Assets
$5.6B
$12.8B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STUB
STUB
SUI
SUI
Q3 25
$1.4B
$542.7M
Q2 25
$889.7M
Q1 25
Q4 24
$47.4M
Q3 24
$1.1B
Q2 24
Q1 24
Q4 23
$29.2M
Total Debt
STUB
STUB
SUI
SUI
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
$7.4B
Q3 24
Q2 24
Q1 24
Q4 23
$7.8B
Stockholders' Equity
STUB
STUB
SUI
SUI
Q3 25
$1.7B
$7.0B
Q2 25
$7.4B
Q1 25
$6.9B
Q4 24
$7.1B
Q3 24
$815.9M
$7.5B
Q2 24
$6.9B
Q1 24
$6.9B
Q4 23
$7.1B
Total Assets
STUB
STUB
SUI
SUI
Q3 25
$5.6B
$12.8B
Q2 25
$13.4B
Q1 25
$16.5B
Q4 24
$16.5B
Q3 24
$17.1B
Q2 24
$17.0B
Q1 24
$17.1B
Q4 23
$16.9B
Debt / Equity
STUB
STUB
SUI
SUI
Q3 25
0.98×
Q2 25
Q1 25
Q4 24
1.04×
Q3 24
Q2 24
Q1 24
Q4 23
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
STUB
STUB
SUI
SUI
Operating Cash FlowLast quarter
$181.4M
$197.8M
Free Cash FlowOCF − Capex
$180.3M
FCF MarginFCF / Revenue
38.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
16.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STUB
STUB
SUI
SUI
Q3 25
$181.4M
$197.8M
Q2 25
$256.0M
Q1 25
$243.9M
Q4 24
$118.0M
Q3 24
$189.2M
Q2 24
$311.3M
Q1 24
$242.5M
Q4 23
$117.6M
Free Cash Flow
STUB
STUB
SUI
SUI
Q3 25
$180.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
FCF Margin
STUB
STUB
SUI
SUI
Q3 25
38.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Capex Intensity
STUB
STUB
SUI
SUI
Q3 25
0.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Cash Conversion
STUB
STUB
SUI
SUI
Q3 25
16.35×
Q2 25
0.19×
Q1 25
Q4 24
Q3 24
0.63×
Q2 24
5.49×
Q1 24
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

SUI
SUI

Segment breakdown not available.

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