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

SUN COMMUNITIES INC is the larger business by last-quarter revenue ($697.2M vs $362.7M, roughly 1.9× VNET Group, Inc.). SUN COMMUNITIES INC runs the higher net margin — 1.7% vs -10.7%, a 12.4% gap on every dollar of revenue. Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% 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..

VNET Group, Inc. is a leading neutral internet data center service provider operating primarily in China. It offers cloud computing infrastructure, colocation services, managed network solutions, and hybrid cloud support to enterprise clients across technology, finance, and retail sectors, enabling stable, high-performance digital operation foundations for domestic and global businesses expanding in the Chinese market.

SUI vs VNET — Head-to-Head

Bigger by revenue
SUI
SUI
1.9× larger
SUI
$697.2M
$362.7M
VNET
Higher net margin
SUI
SUI
12.4% more per $
SUI
1.7%
-10.7%
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
-2.1%
SUI

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
SUI
SUI
VNET
VNET
Revenue
$697.2M
$362.7M
Net Profit
$12.1M
$-38.7M
Gross Margin
20.9%
Operating Margin
0.5%
Net Margin
1.7%
-10.7%
Revenue YoY
-25.8%
Net Profit YoY
-96.0%
EPS (diluted)
$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
SUI
SUI
VNET
VNET
Q3 25
$697.2M
$362.7M
Q2 25
$623.5M
Q1 25
$470.2M
$309.5M
Q4 24
$745.9M
Q3 24
$939.9M
$302.2M
Q2 24
$864.0M
$274.4M
Q1 24
$671.3M
$262.9M
Q4 23
$726.7M
Net Profit
SUI
SUI
VNET
VNET
Q3 25
$12.1M
$-38.7M
Q2 25
$1.3B
Q1 25
$-41.2M
$-2.4M
Q4 24
$-228.4M
Q3 24
$300.5M
$-2.1M
Q2 24
$56.7M
$-1.1M
Q1 24
$-25.2M
$-22.0M
Q4 23
$-429.7M
Gross Margin
SUI
SUI
VNET
VNET
Q3 25
20.9%
Q2 25
Q1 25
25.2%
Q4 24
Q3 24
23.2%
Q2 24
21.3%
Q1 24
21.6%
Q4 23
Operating Margin
SUI
SUI
VNET
VNET
Q3 25
0.5%
Q2 25
Q1 25
0.1%
Q4 24
Q3 24
24.5%
Q2 24
0.2%
Q1 24
0.2%
Q4 23
Net Margin
SUI
SUI
VNET
VNET
Q3 25
1.7%
-10.7%
Q2 25
210.8%
Q1 25
-8.8%
-0.8%
Q4 24
-30.6%
Q3 24
32.0%
-0.7%
Q2 24
6.6%
-0.4%
Q1 24
-3.8%
-8.4%
Q4 23
-59.1%
EPS (diluted)
SUI
SUI
VNET
VNET
Q3 25
$0.07
Q2 25
$10.02
Q1 25
$-0.34
Q4 24
$-1.80
Q3 24
$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
SUI
SUI
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$542.7M
$492.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.0B
$890.8M
Total Assets
$12.8B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SUI
SUI
VNET
VNET
Q3 25
$542.7M
$492.1M
Q2 25
$889.7M
Q1 25
$544.3M
Q4 24
$47.4M
Q3 24
$219.5M
Q2 24
$247.2M
Q1 24
$246.9M
Q4 23
$29.2M
Total Debt
SUI
SUI
VNET
VNET
Q3 25
Q2 25
Q1 25
Q4 24
$7.4B
Q3 24
$1.2B
Q2 24
Q1 24
Q4 23
$7.8B
Stockholders' Equity
SUI
SUI
VNET
VNET
Q3 25
$7.0B
$890.8M
Q2 25
$7.4B
Q1 25
$6.9B
$927.8M
Q4 24
$7.1B
Q3 24
$7.5B
$902.9M
Q2 24
$6.9B
$900.6M
Q1 24
$6.9B
$895.1M
Q4 23
$7.1B
Total Assets
SUI
SUI
VNET
VNET
Q3 25
$12.8B
$6.1B
Q2 25
$13.4B
Q1 25
$16.5B
$5.4B
Q4 24
$16.5B
Q3 24
$17.1B
$4.3B
Q2 24
$17.0B
$4.0B
Q1 24
$17.1B
$3.9B
Q4 23
$16.9B
Debt / Equity
SUI
SUI
VNET
VNET
Q3 25
Q2 25
Q1 25
Q4 24
1.04×
Q3 24
1.28×
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
SUI
SUI
VNET
VNET
Operating Cash FlowLast quarter
$197.8M
$113.8M
Free Cash FlowOCF − Capex
$-193.1M
FCF MarginFCF / Revenue
-53.2%
Capex IntensityCapex / Revenue
84.6%
Cash ConversionOCF / Net Profit
16.35×
TTM Free Cash FlowTrailing 4 quarters
$-589.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SUI
SUI
VNET
VNET
Q3 25
$197.8M
$113.8M
Q2 25
$256.0M
Q1 25
$243.9M
$27.0M
Q4 24
$118.0M
Q3 24
$189.2M
$108.3M
Q2 24
$311.3M
$55.8M
Q1 24
$242.5M
$37.1M
Q4 23
$117.6M
Free Cash Flow
SUI
SUI
VNET
VNET
Q3 25
$-193.1M
Q2 25
Q1 25
$-220.0M
Q4 24
Q3 24
$-95.0M
Q2 24
$-81.6M
Q1 24
$-102.2M
Q4 23
FCF Margin
SUI
SUI
VNET
VNET
Q3 25
-53.2%
Q2 25
Q1 25
-71.1%
Q4 24
Q3 24
-31.4%
Q2 24
-29.8%
Q1 24
-38.9%
Q4 23
Capex Intensity
SUI
SUI
VNET
VNET
Q3 25
84.6%
Q2 25
Q1 25
79.8%
Q4 24
Q3 24
67.3%
Q2 24
50.1%
Q1 24
53.0%
Q4 23
Cash Conversion
SUI
SUI
VNET
VNET
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.

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