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

SUN COMMUNITIES INC is the larger business by last-quarter revenue ($697.2M vs $652.7M, roughly 1.1× WEX Inc.). WEX Inc. runs the higher net margin — 10.1% vs 1.7%, a 8.3% gap on every dollar of revenue. On growth, WEX Inc. posted the faster year-over-year revenue change (-3.1% vs -25.8%). Over the past eight quarters, WEX Inc.'s revenue compounded faster (16.8% 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..

WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company is headquartered in Portland, Maine and provides services in the United States, Canada, South America, Europe, Asia, and Australia.

SUI vs WEX — Head-to-Head

Bigger by revenue
SUI
SUI
1.1× larger
SUI
$697.2M
$652.7M
WEX
Growing faster (revenue YoY)
WEX
WEX
+22.7% gap
WEX
-3.1%
-25.8%
SUI
Higher net margin
WEX
WEX
8.3% more per $
WEX
10.1%
1.7%
SUI
Faster 2-yr revenue CAGR
WEX
WEX
Annualised
WEX
16.8%
-2.1%
SUI

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
SUI
SUI
WEX
WEX
Revenue
$697.2M
$652.7M
Net Profit
$12.1M
$65.8M
Gross Margin
Operating Margin
25.2%
Net Margin
1.7%
10.1%
Revenue YoY
-25.8%
-3.1%
Net Profit YoY
-96.0%
-15.3%
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
WEX
WEX
Q1 26
$652.7M
Q4 25
$465.1M
Q3 25
$697.2M
$481.6M
Q2 25
$623.5M
$454.4M
Q1 25
$470.2M
$444.3M
Q4 24
$745.9M
$440.3M
Q3 24
$939.9M
$479.0M
Q2 24
$864.0M
$478.6M
Net Profit
SUI
SUI
WEX
WEX
Q1 26
$65.8M
Q4 25
$84.2M
Q3 25
$12.1M
$80.3M
Q2 25
$1.3B
$68.1M
Q1 25
$-41.2M
$71.5M
Q4 24
$-228.4M
$63.9M
Q3 24
$300.5M
$102.9M
Q2 24
$56.7M
$77.0M
Gross Margin
SUI
SUI
WEX
WEX
Q1 26
Q4 25
39.0%
Q3 25
43.0%
Q2 25
40.0%
Q1 25
39.2%
Q4 24
41.5%
Q3 24
48.0%
Q2 24
44.9%
Operating Margin
SUI
SUI
WEX
WEX
Q1 26
25.2%
Q4 25
35.7%
Q3 25
38.1%
Q2 25
34.5%
Q1 25
35.4%
Q4 24
35.7%
Q3 24
41.0%
Q2 24
35.1%
Net Margin
SUI
SUI
WEX
WEX
Q1 26
10.1%
Q4 25
18.1%
Q3 25
1.7%
16.7%
Q2 25
210.8%
15.0%
Q1 25
-8.8%
16.1%
Q4 24
-30.6%
14.5%
Q3 24
32.0%
21.5%
Q2 24
6.6%
16.1%
EPS (diluted)
SUI
SUI
WEX
WEX
Q1 26
Q4 25
$2.38
Q3 25
$0.07
$2.30
Q2 25
$10.02
$1.98
Q1 25
$-0.34
$1.81
Q4 24
$-1.80
$1.60
Q3 24
$2.31
$2.52
Q2 24
$0.42
$1.83

Balance Sheet & Financial Strength

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

Metric
SUI
SUI
WEX
WEX
Cash + ST InvestmentsLiquidity on hand
$542.7M
$780.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.0B
Total Assets
$12.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SUI
SUI
WEX
WEX
Q1 26
$780.0M
Q4 25
$5.2B
Q3 25
$542.7M
$4.9B
Q2 25
$889.7M
$4.9B
Q1 25
$4.4B
Q4 24
$47.4M
$4.4B
Q3 24
$4.3B
Q2 24
$4.0B
Total Debt
SUI
SUI
WEX
WEX
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$7.4B
Q3 24
Q2 24
Stockholders' Equity
SUI
SUI
WEX
WEX
Q1 26
Q4 25
$1.2B
Q3 25
$7.0B
$1.1B
Q2 25
$7.4B
$978.7M
Q1 25
$6.9B
$810.4M
Q4 24
$7.1B
$1.5B
Q3 24
$7.5B
$1.7B
Q2 24
$6.9B
$1.8B
Total Assets
SUI
SUI
WEX
WEX
Q1 26
Q4 25
$14.4B
Q3 25
$12.8B
$14.4B
Q2 25
$13.4B
$14.7B
Q1 25
$16.5B
$14.0B
Q4 24
$16.5B
$13.3B
Q3 24
$17.1B
$14.0B
Q2 24
$17.0B
$14.2B
Debt / Equity
SUI
SUI
WEX
WEX
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.04×
Q3 24
Q2 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
WEX
WEX
Operating Cash FlowLast quarter
$197.8M
Free Cash FlowOCF − Capex
$-9.2M
FCF MarginFCF / Revenue
-1.4%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
16.35×
TTM Free Cash FlowTrailing 4 quarters
$818.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SUI
SUI
WEX
WEX
Q1 26
Q4 25
$294.7M
Q3 25
$197.8M
$376.6M
Q2 25
$256.0M
$264.6M
Q1 25
$243.9M
$-481.6M
Q4 24
$118.0M
$638.4M
Q3 24
$189.2M
$3.3M
Q2 24
$311.3M
$-7.0M
Free Cash Flow
SUI
SUI
WEX
WEX
Q1 26
$-9.2M
Q4 25
$256.3M
Q3 25
$341.6M
Q2 25
$230.0M
Q1 25
$-514.2M
Q4 24
$599.7M
Q3 24
$-31.7M
Q2 24
$-46.6M
FCF Margin
SUI
SUI
WEX
WEX
Q1 26
-1.4%
Q4 25
55.1%
Q3 25
70.9%
Q2 25
50.6%
Q1 25
-115.7%
Q4 24
136.2%
Q3 24
-6.6%
Q2 24
-9.7%
Capex Intensity
SUI
SUI
WEX
WEX
Q1 26
5.2%
Q4 25
8.3%
Q3 25
7.3%
Q2 25
7.6%
Q1 25
7.3%
Q4 24
8.8%
Q3 24
7.3%
Q2 24
8.3%
Cash Conversion
SUI
SUI
WEX
WEX
Q1 26
Q4 25
3.50×
Q3 25
16.35×
4.69×
Q2 25
0.19×
3.89×
Q1 25
-6.74×
Q4 24
9.99×
Q3 24
0.63×
0.03×
Q2 24
5.49×
-0.09×

Financial Flow Comparison

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

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