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Side-by-side financial comparison of SUN COMMUNITIES INC (SUI) and Under Armour, Inc. (UAA). Click either name above to swap in a different company.

Under Armour, Inc. is the larger business by last-quarter revenue ($1.3B vs $697.2M, roughly 1.9× SUN COMMUNITIES INC). SUN COMMUNITIES INC runs the higher net margin — 1.7% vs -32.4%, a 34.2% gap on every dollar of revenue. On growth, Under Armour, Inc. posted the faster year-over-year revenue change (-5.2% vs -25.8%). Over the past eight quarters, Under Armour, Inc.'s revenue compounded faster (-0.2% 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..

Under Armour, Inc. is an American sportswear company that manufactures footwear and apparel headquartered in Baltimore, Maryland, United States.

SUI vs UAA — Head-to-Head

Bigger by revenue
UAA
UAA
1.9× larger
UAA
$1.3B
$697.2M
SUI
Growing faster (revenue YoY)
UAA
UAA
+20.6% gap
UAA
-5.2%
-25.8%
SUI
Higher net margin
SUI
SUI
34.2% more per $
SUI
1.7%
-32.4%
UAA
Faster 2-yr revenue CAGR
UAA
UAA
Annualised
UAA
-0.2%
-2.1%
SUI

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
SUI
SUI
UAA
UAA
Revenue
$697.2M
$1.3B
Net Profit
$12.1M
$-430.8M
Gross Margin
44.4%
Operating Margin
-11.3%
Net Margin
1.7%
-32.4%
Revenue YoY
-25.8%
-5.2%
Net Profit YoY
-96.0%
-35013.0%
EPS (diluted)
$0.07
$-1.01

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
UAA
UAA
Q4 25
$1.3B
Q3 25
$697.2M
$1.3B
Q2 25
$623.5M
$1.1B
Q1 25
$470.2M
$1.2B
Q4 24
$745.9M
$1.4B
Q3 24
$939.9M
$1.4B
Q2 24
$864.0M
$1.2B
Q1 24
$671.3M
$1.3B
Net Profit
SUI
SUI
UAA
UAA
Q4 25
$-430.8M
Q3 25
$12.1M
$-18.8M
Q2 25
$1.3B
$-2.6M
Q1 25
$-41.2M
$-67.5M
Q4 24
$-228.4M
$1.2M
Q3 24
$300.5M
$170.4M
Q2 24
$56.7M
$-305.4M
Q1 24
$-25.2M
$6.6M
Gross Margin
SUI
SUI
UAA
UAA
Q4 25
44.4%
Q3 25
47.3%
Q2 25
48.2%
Q1 25
46.7%
Q4 24
47.5%
Q3 24
49.8%
Q2 24
47.5%
Q1 24
45.0%
Operating Margin
SUI
SUI
UAA
UAA
Q4 25
-11.3%
Q3 25
1.3%
Q2 25
0.3%
Q1 25
-6.1%
Q4 24
1.0%
Q3 24
12.4%
Q2 24
-25.3%
Q1 24
-0.3%
Net Margin
SUI
SUI
UAA
UAA
Q4 25
-32.4%
Q3 25
1.7%
-1.4%
Q2 25
210.8%
-0.2%
Q1 25
-8.8%
-5.7%
Q4 24
-30.6%
0.1%
Q3 24
32.0%
12.2%
Q2 24
6.6%
-25.8%
Q1 24
-3.8%
0.5%
EPS (diluted)
SUI
SUI
UAA
UAA
Q4 25
$-1.01
Q3 25
$0.07
$-0.04
Q2 25
$10.02
$-0.01
Q1 25
$-0.34
$-0.16
Q4 24
$-1.80
$0.00
Q3 24
$2.31
$0.39
Q2 24
$0.42
$-0.70
Q1 24
$-0.22
$0.02

Balance Sheet & Financial Strength

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

Metric
SUI
SUI
UAA
UAA
Cash + ST InvestmentsLiquidity on hand
$542.7M
$464.6M
Total DebtLower is stronger
$989.7M
Stockholders' EquityBook value
$7.0B
$1.4B
Total Assets
$12.8B
$4.6B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SUI
SUI
UAA
UAA
Q4 25
$464.6M
Q3 25
$542.7M
$396.0M
Q2 25
$889.7M
$911.0M
Q1 25
$501.4M
Q4 24
$47.4M
$726.9M
Q3 24
$530.7M
Q2 24
$884.6M
Q1 24
$858.7M
Total Debt
SUI
SUI
UAA
UAA
Q4 25
$989.7M
Q3 25
$1.2B
Q2 25
$989.2M
Q1 25
$595.1M
Q4 24
$7.4B
$595.2M
Q3 24
$594.6M
Q2 24
$595.4M
Q1 24
$675.8M
Stockholders' Equity
SUI
SUI
UAA
UAA
Q4 25
$1.4B
Q3 25
$7.0B
$1.9B
Q2 25
$7.4B
$1.9B
Q1 25
$6.9B
$1.9B
Q4 24
$7.1B
$2.0B
Q3 24
$7.5B
$2.0B
Q2 24
$6.9B
$1.8B
Q1 24
$6.9B
$2.2B
Total Assets
SUI
SUI
UAA
UAA
Q4 25
$4.6B
Q3 25
$12.8B
$4.9B
Q2 25
$13.4B
$4.9B
Q1 25
$16.5B
$4.3B
Q4 24
$16.5B
$4.6B
Q3 24
$17.1B
$4.5B
Q2 24
$17.0B
$4.9B
Q1 24
$17.1B
$4.8B
Debt / Equity
SUI
SUI
UAA
UAA
Q4 25
0.69×
Q3 25
0.64×
Q2 25
0.53×
Q1 25
0.31×
Q4 24
1.04×
0.30×
Q3 24
0.30×
Q2 24
0.33×
Q1 24
0.31×

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
UAA
UAA
Operating Cash FlowLast quarter
$197.8M
$278.1M
Free Cash FlowOCF − Capex
$261.9M
FCF MarginFCF / Revenue
19.7%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
16.35×
TTM Free Cash FlowTrailing 4 quarters
$-45.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SUI
SUI
UAA
UAA
Q4 25
$278.1M
Q3 25
$197.8M
$-69.8M
Q2 25
$256.0M
$48.9M
Q1 25
$243.9M
$-202.2M
Q4 24
$118.0M
$311.3M
Q3 24
$189.2M
$-321.4M
Q2 24
$311.3M
$153.0M
Q1 24
$242.5M
$-122.9M
Free Cash Flow
SUI
SUI
UAA
UAA
Q4 25
$261.9M
Q3 25
$-90.3M
Q2 25
$13.5M
Q1 25
$-231.0M
Q4 24
$262.9M
Q3 24
$-367.2M
Q2 24
$107.3M
Q1 24
$-156.7M
FCF Margin
SUI
SUI
UAA
UAA
Q4 25
19.7%
Q3 25
-6.8%
Q2 25
1.2%
Q1 25
-19.6%
Q4 24
18.8%
Q3 24
-26.2%
Q2 24
9.1%
Q1 24
-11.8%
Capex Intensity
SUI
SUI
UAA
UAA
Q4 25
1.2%
Q3 25
1.5%
Q2 25
3.1%
Q1 25
2.4%
Q4 24
3.5%
Q3 24
3.3%
Q2 24
3.9%
Q1 24
2.5%
Cash Conversion
SUI
SUI
UAA
UAA
Q4 25
Q3 25
16.35×
Q2 25
0.19×
Q1 25
Q4 24
252.26×
Q3 24
0.63×
-1.89×
Q2 24
5.49×
Q1 24
-18.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SUI
SUI

Segment breakdown not available.

UAA
UAA

Apparel$934.0M70%
Footwear$265.1M20%
Accessories$107.7M8%
License$27.2M2%

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