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Side-by-side financial comparison of SUN COMMUNITIES INC (SUI) and V2X, Inc. (VVX). Click either name above to swap in a different company.

V2X, Inc. is the larger business by last-quarter revenue ($1.2B vs $697.2M, roughly 1.7× SUN COMMUNITIES INC). V2X, Inc. runs the higher net margin — 1.9% vs 1.7%, a 0.1% gap on every dollar of revenue. On growth, V2X, Inc. posted the faster year-over-year revenue change (5.3% vs -25.8%). Over the past eight quarters, V2X, Inc.'s revenue compounded faster (9.8% 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..

V2X, Inc. is a leading provider of integrated technology solutions, mission support services, and critical infrastructure engineering primarily serving U.S. federal government clients including the Department of Defense and civilian agencies, as well as select commercial customers. It delivers end-to-end capabilities for national security, public safety, and operational resilience across its core operating segments.

SUI vs VVX — Head-to-Head

Bigger by revenue
VVX
VVX
1.7× larger
VVX
$1.2B
$697.2M
SUI
Growing faster (revenue YoY)
VVX
VVX
+31.1% gap
VVX
5.3%
-25.8%
SUI
Higher net margin
VVX
VVX
0.1% more per $
VVX
1.9%
1.7%
SUI
Faster 2-yr revenue CAGR
VVX
VVX
Annualised
VVX
9.8%
-2.1%
SUI

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
SUI
SUI
VVX
VVX
Revenue
$697.2M
$1.2B
Net Profit
$12.1M
$22.8M
Gross Margin
8.6%
Operating Margin
4.2%
Net Margin
1.7%
1.9%
Revenue YoY
-25.8%
5.3%
Net Profit YoY
-96.0%
-9.0%
EPS (diluted)
$0.07
$0.73

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
VVX
VVX
Q4 25
$1.2B
Q3 25
$697.2M
$1.2B
Q2 25
$623.5M
$1.1B
Q1 25
$470.2M
$1.0B
Q4 24
$745.9M
$1.2B
Q3 24
$939.9M
$1.1B
Q2 24
$864.0M
$1.1B
Q1 24
$671.3M
$1.0B
Net Profit
SUI
SUI
VVX
VVX
Q4 25
$22.8M
Q3 25
$12.1M
$24.6M
Q2 25
$1.3B
$22.4M
Q1 25
$-41.2M
$8.1M
Q4 24
$-228.4M
$25.0M
Q3 24
$300.5M
$15.1M
Q2 24
$56.7M
$-6.5M
Q1 24
$-25.2M
$1.1M
Gross Margin
SUI
SUI
VVX
VVX
Q4 25
8.6%
Q3 25
8.1%
Q2 25
8.9%
Q1 25
7.7%
Q4 24
9.3%
Q3 24
8.5%
Q2 24
6.9%
Q1 24
7.0%
Operating Margin
SUI
SUI
VVX
VVX
Q4 25
4.2%
Q3 25
4.8%
Q2 25
4.9%
Q1 25
3.4%
Q4 24
4.5%
Q3 24
4.6%
Q2 24
2.6%
Q1 24
3.0%
Net Margin
SUI
SUI
VVX
VVX
Q4 25
1.9%
Q3 25
1.7%
2.1%
Q2 25
210.8%
2.1%
Q1 25
-8.8%
0.8%
Q4 24
-30.6%
2.2%
Q3 24
32.0%
1.4%
Q2 24
6.6%
-0.6%
Q1 24
-3.8%
0.1%
EPS (diluted)
SUI
SUI
VVX
VVX
Q4 25
$0.73
Q3 25
$0.07
$0.77
Q2 25
$10.02
$0.70
Q1 25
$-0.34
$0.25
Q4 24
$-1.80
$0.78
Q3 24
$2.31
$0.47
Q2 24
$0.42
$-0.21
Q1 24
$-0.22
$0.04

Balance Sheet & Financial Strength

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

Metric
SUI
SUI
VVX
VVX
Cash + ST InvestmentsLiquidity on hand
$542.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.0B
$1.1B
Total Assets
$12.8B
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SUI
SUI
VVX
VVX
Q4 25
Q3 25
$542.7M
Q2 25
$889.7M
Q1 25
Q4 24
$47.4M
Q3 24
Q2 24
Q1 24
Total Debt
SUI
SUI
VVX
VVX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$7.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SUI
SUI
VVX
VVX
Q4 25
$1.1B
Q3 25
$7.0B
$1.1B
Q2 25
$7.4B
$1.1B
Q1 25
$6.9B
$1.0B
Q4 24
$7.1B
$1.0B
Q3 24
$7.5B
$1.0B
Q2 24
$6.9B
$992.0M
Q1 24
$6.9B
$993.7M
Total Assets
SUI
SUI
VVX
VVX
Q4 25
$3.3B
Q3 25
$12.8B
$3.2B
Q2 25
$13.4B
$3.1B
Q1 25
$16.5B
$3.1B
Q4 24
$16.5B
$3.2B
Q3 24
$17.1B
$3.1B
Q2 24
$17.0B
$3.2B
Q1 24
$17.1B
$3.1B
Debt / Equity
SUI
SUI
VVX
VVX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.04×
Q3 24
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
SUI
SUI
VVX
VVX
Operating Cash FlowLast quarter
$197.8M
$209.5M
Free Cash FlowOCF − Capex
$207.2M
FCF MarginFCF / Revenue
17.0%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
16.35×
9.20×
TTM Free Cash FlowTrailing 4 quarters
$170.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SUI
SUI
VVX
VVX
Q4 25
$209.5M
Q3 25
$197.8M
$39.4M
Q2 25
$256.0M
$28.5M
Q1 25
$243.9M
$-95.5M
Q4 24
$118.0M
$223.1M
Q3 24
$189.2M
$62.7M
Q2 24
$311.3M
$25.7M
Q1 24
$242.5M
$-57.2M
Free Cash Flow
SUI
SUI
VVX
VVX
Q4 25
$207.2M
Q3 25
$35.0M
Q2 25
$26.1M
Q1 25
$-98.2M
Q4 24
$222.0M
Q3 24
$60.5M
Q2 24
$24.9M
Q1 24
$-65.0M
FCF Margin
SUI
SUI
VVX
VVX
Q4 25
17.0%
Q3 25
3.0%
Q2 25
2.4%
Q1 25
-9.7%
Q4 24
19.2%
Q3 24
5.6%
Q2 24
2.3%
Q1 24
-6.4%
Capex Intensity
SUI
SUI
VVX
VVX
Q4 25
0.2%
Q3 25
0.4%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
0.1%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.8%
Cash Conversion
SUI
SUI
VVX
VVX
Q4 25
9.20×
Q3 25
16.35×
1.60×
Q2 25
0.19×
1.27×
Q1 25
-11.78×
Q4 24
8.91×
Q3 24
0.63×
4.16×
Q2 24
5.49×
Q1 24
-50.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SUI
SUI

Segment breakdown not available.

VVX
VVX

Army$480.4M39%
Navy$388.9M32%
Air Force$196.1M16%
Other Customers$153.3M13%

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