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Side-by-side financial comparison of SUN COMMUNITIES INC (SUI) and Tyler Technologies (TYL). Click either name above to swap in a different company.

SUN COMMUNITIES INC is the larger business by last-quarter revenue ($697.2M vs $575.2M, roughly 1.2× Tyler Technologies). Tyler Technologies runs the higher net margin — 11.4% vs 1.7%, a 9.7% gap on every dollar of revenue. On growth, Tyler Technologies posted the faster year-over-year revenue change (6.3% vs -25.8%). Over the past eight quarters, Tyler Technologies's revenue compounded faster (6.0% CAGR vs -2.1%).

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..

Tyler Technologies, Inc. is an American technology company based in Plano, Texas, that provides proprietary software to the U.S. public sector. Tyler Technologies has offices in 17 states and one in Toronto, Ontario, Canada.

SUI vs TYL — Head-to-Head

Bigger by revenue
SUI
SUI
1.2× larger
SUI
$697.2M
$575.2M
TYL
Growing faster (revenue YoY)
TYL
TYL
+32.1% gap
TYL
6.3%
-25.8%
SUI
Higher net margin
TYL
TYL
9.7% more per $
TYL
11.4%
1.7%
SUI
Faster 2-yr revenue CAGR
TYL
TYL
Annualised
TYL
6.0%
-2.1%
SUI

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
SUI
SUI
TYL
TYL
Revenue
$697.2M
$575.2M
Net Profit
$12.1M
$65.5M
Gross Margin
45.5%
Operating Margin
13.0%
Net Margin
1.7%
11.4%
Revenue YoY
-25.8%
6.3%
Net Profit YoY
-96.0%
0.5%
EPS (diluted)
$0.07
$1.50

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
SUI
SUI
TYL
TYL
Q4 25
$575.2M
Q3 25
$697.2M
$595.9M
Q2 25
$623.5M
$596.1M
Q1 25
$470.2M
$565.2M
Q4 24
$745.9M
$541.1M
Q3 24
$939.9M
$543.3M
Q2 24
$864.0M
$541.0M
Q1 24
$671.3M
$512.4M
Net Profit
SUI
SUI
TYL
TYL
Q4 25
$65.5M
Q3 25
$12.1M
$84.4M
Q2 25
$1.3B
$84.6M
Q1 25
$-41.2M
$81.1M
Q4 24
$-228.4M
$65.2M
Q3 24
$300.5M
$75.9M
Q2 24
$56.7M
$67.7M
Q1 24
$-25.2M
$54.2M
Gross Margin
SUI
SUI
TYL
TYL
Q4 25
45.5%
Q3 25
47.2%
Q2 25
45.8%
Q1 25
47.3%
Q4 24
43.8%
Q3 24
43.7%
Q2 24
44.0%
Q1 24
43.7%
Operating Margin
SUI
SUI
TYL
TYL
Q4 25
13.0%
Q3 25
16.4%
Q2 25
16.0%
Q1 25
15.8%
Q4 24
13.2%
Q3 24
15.2%
Q2 24
14.4%
Q1 24
13.1%
Net Margin
SUI
SUI
TYL
TYL
Q4 25
11.4%
Q3 25
1.7%
14.2%
Q2 25
210.8%
14.2%
Q1 25
-8.8%
14.3%
Q4 24
-30.6%
12.1%
Q3 24
32.0%
14.0%
Q2 24
6.6%
12.5%
Q1 24
-3.8%
10.6%
EPS (diluted)
SUI
SUI
TYL
TYL
Q4 25
$1.50
Q3 25
$0.07
$1.93
Q2 25
$10.02
$1.93
Q1 25
$-0.34
$1.84
Q4 24
$-1.80
$1.48
Q3 24
$2.31
$1.74
Q2 24
$0.42
$1.57
Q1 24
$-0.22
$1.26

Balance Sheet & Financial Strength

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

Metric
SUI
SUI
TYL
TYL
Cash + ST InvestmentsLiquidity on hand
$542.7M
$1.1B
Total DebtLower is stronger
$599.7M
Stockholders' EquityBook value
$7.0B
$3.7B
Total Assets
$12.8B
$5.6B
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SUI
SUI
TYL
TYL
Q4 25
$1.1B
Q3 25
$542.7M
$950.8M
Q2 25
$889.7M
$892.3M
Q1 25
$807.4M
Q4 24
$47.4M
$768.0M
Q3 24
$544.3M
Q2 24
$258.0M
Q1 24
$196.9M
Total Debt
SUI
SUI
TYL
TYL
Q4 25
$599.7M
Q3 25
$599.2M
Q2 25
$598.8M
Q1 25
$598.4M
Q4 24
$7.4B
$597.9M
Q3 24
$597.5M
Q2 24
$597.1M
Q1 24
$596.6M
Stockholders' Equity
SUI
SUI
TYL
TYL
Q4 25
$3.7B
Q3 25
$7.0B
$3.6B
Q2 25
$7.4B
$3.6B
Q1 25
$6.9B
$3.5B
Q4 24
$7.1B
$3.4B
Q3 24
$7.5B
$3.3B
Q2 24
$6.9B
$3.1B
Q1 24
$6.9B
$3.0B
Total Assets
SUI
SUI
TYL
TYL
Q4 25
$5.6B
Q3 25
$12.8B
$5.5B
Q2 25
$13.4B
$5.4B
Q1 25
$16.5B
$5.2B
Q4 24
$16.5B
$5.2B
Q3 24
$17.1B
$5.0B
Q2 24
$17.0B
$4.8B
Q1 24
$17.1B
$4.6B
Debt / Equity
SUI
SUI
TYL
TYL
Q4 25
0.16×
Q3 25
0.17×
Q2 25
0.16×
Q1 25
0.17×
Q4 24
1.04×
0.18×
Q3 24
0.18×
Q2 24
0.19×
Q1 24
0.20×

Cash Flow & Capital Efficiency

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

Metric
SUI
SUI
TYL
TYL
Operating Cash FlowLast quarter
$197.8M
$243.9M
Free Cash FlowOCF − Capex
$239.6M
FCF MarginFCF / Revenue
41.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
16.35×
3.72×
TTM Free Cash FlowTrailing 4 quarters
$637.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SUI
SUI
TYL
TYL
Q4 25
$243.9M
Q3 25
$197.8M
$255.2M
Q2 25
$256.0M
$98.3M
Q1 25
$243.9M
$56.2M
Q4 24
$118.0M
$224.8M
Q3 24
$189.2M
$263.7M
Q2 24
$311.3M
$64.3M
Q1 24
$242.5M
$71.8M
Free Cash Flow
SUI
SUI
TYL
TYL
Q4 25
$239.6M
Q3 25
$251.3M
Q2 25
$92.8M
Q1 25
$53.8M
Q4 24
$221.0M
Q3 24
$260.8M
Q2 24
$57.7M
Q1 24
$64.6M
FCF Margin
SUI
SUI
TYL
TYL
Q4 25
41.7%
Q3 25
42.2%
Q2 25
15.6%
Q1 25
9.5%
Q4 24
40.8%
Q3 24
48.0%
Q2 24
10.7%
Q1 24
12.6%
Capex Intensity
SUI
SUI
TYL
TYL
Q4 25
0.8%
Q3 25
0.7%
Q2 25
0.9%
Q1 25
0.4%
Q4 24
0.7%
Q3 24
0.5%
Q2 24
1.2%
Q1 24
1.4%
Cash Conversion
SUI
SUI
TYL
TYL
Q4 25
3.72×
Q3 25
16.35×
3.02×
Q2 25
0.19×
1.16×
Q1 25
0.69×
Q4 24
3.45×
Q3 24
0.63×
3.47×
Q2 24
5.49×
0.95×
Q1 24
1.33×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SUI
SUI

Segment breakdown not available.

TYL
TYL

Saas Arrangements$186.1M32%
Platform Technologies Segment$143.3M25%
Maintenance$109.4M19%
Professional Services$55.3M10%
Nonrecurring Revenue$51.3M9%
Other$21.4M4%
Hardware And Other$8.4M1%

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