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SUN COMMUNITIES INC

SUI Clue Score48
United States Fiscal year ends May CIK 0000912593
$114.46 +0.40% Close, 12 Oct 2026
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Price $114.46 −40.59% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue0.83Operating income0.47Net income0.03EPS, diluted0.26Fiscal year 2017Revenue0.98 +17.8%Operating income0.55Net income0.07 +174.3%EPS, diluted0.85 +226.9%Fiscal year 2018Revenue1.13 +14.7%Net income0.11 +48.6%EPS, diluted1.29 +51.8%Fiscal year 2019Revenue1.26 +12.2%Net income0.16 +50.7%EPS, diluted1.80 +39.5%Fiscal year 2020Revenue1.40 +10.6%Net income0.13 −18.5%EPS, diluted1.34 −25.6%Fiscal year 2021Revenue2.27 +62.5%Net income0.41 +210.2%EPS, diluted3.36 +150.7%Fiscal year 2022Revenue2.97 +30.7%Net income0.26 −36.0%EPS, diluted2.00 −40.5%Fiscal year 2023Revenue2.28 −23.1%Net income−0.21 −179.2%EPS, diluted−1.72 −186.0%Fiscal year 2024Revenue2.26 −1.0%Net income0.10EPS, diluted0.71Fiscal year 2025Revenue2.31 +2.0%Net income1.41 +1,264.8%EPS, diluted10.84 +1,426.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.83 0.98 1.13 1.26 1.40 2.27 2.97 2.28 2.26 2.31
Growth +17.8% +14.7% +12.2% +10.6% +62.5% +30.7% −23.1% −1.0% +2.0%
Operating income 0.47 0.55 n/a n/a n/a n/a n/a n/a n/a n/a
Net income 0.03 0.07 0.11 0.16 0.13 0.41 0.26 −0.21 0.10 1.41
Growth +174.3% +48.6% +50.7% −18.5% +210.2% −36.0% −179.2% +1,264.8%
EPS, diluted 0.26 0.85 1.29 1.80 1.34 3.36 2.00 −1.72 0.71 10.84
Growth +226.9% +51.8% +39.5% −25.6% +150.7% −40.5% −186.0% +1,426.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin56.0%Net margin3.2%Fiscal year 2017Operating margin56.1%Net margin7.3%Fiscal year 2018Net margin9.5%Fiscal year 2019Net margin12.8%Fiscal year 2020Net margin9.4%Fiscal year 2021Net margin18.0%Fiscal year 2022Net margin8.8%Fiscal year 2023Net margin−9.1%Free cash flow margin34.3%Fiscal year 2024Net margin4.6%Free cash flow margin36.8%Fiscal year 2025Net margin61.3%Free cash flow margin17.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 56.0% 56.1% n/a n/a n/a n/a n/a n/a n/a n/a
Net margin 3.2% 7.3% 9.5% 12.8% 9.4% 18.0% 8.8% −9.1% 4.6% 61.3%
Free cash flow margin n/a n/a n/a n/a n/a n/a n/a 34.3% 36.8% 17.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.24Fiscal year 2017Operating cash flow0.26Fiscal year 2018Operating cash flow0.36Fiscal year 2019Operating cash flow0.48Fiscal year 2020Operating cash flow0.54Fiscal year 2021Operating cash flow0.75Fiscal year 2022Operating cash flow0.73Fiscal year 2023Operating cash flow0.79Capital expenditure−0.01Free cash flow0.78Buybacks0.00Fiscal year 2024Operating cash flow0.86Capital expenditure−0.03Free cash flow0.83 +6.1%Buybacks0.00Fiscal year 2025Operating cash flow0.86Capital expenditure−0.46Free cash flow0.41 −51.0%Buybacks−0.54
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.24 0.26 0.36 0.48 0.54 0.75 0.73 0.79 0.86 0.86
Capital expenditure n/a n/a n/a n/a n/a n/a n/a −0.01 −0.03 −0.46
Free cash flow n/a n/a n/a n/a n/a n/a n/a 0.78 0.83 0.41
Growth +6.1% −51.0%
Buybacks n/a n/a n/a n/a n/a n/a n/a 0.00 0.00 −0.54

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.01Total debt3.09Net cash (debt)−3.08Shareholders’ equity2.30Debt to equity1.35Fiscal year 2017Cash0.01Total debt3.07Net cash (debt)−3.06Shareholders’ equity2.60Debt to equity1.18Fiscal year 2018Cash0.05Total debt3.12Net cash (debt)−3.07Shareholders’ equity3.11Debt to equity1.00Fiscal year 2019Cash0.02Total debt0.00Net cash (debt)0.02Shareholders’ equity3.82Debt to equity0.00Fiscal year 2020Cash0.08Total debt0.00Net cash (debt)0.07Shareholders’ equity5.53Debt to equity0.00Fiscal year 2021Cash0.07Total debt0.01Net cash (debt)0.06Shareholders’ equity6.62Debt to equity0.00Fiscal year 2022Cash0.07Total debt7.24Net cash (debt)−7.16Shareholders’ equity7.81Debt to equity0.93Fiscal year 2023Cash0.03Total debt7.82Net cash (debt)−7.79Shareholders’ equity7.08Debt to equity1.10Fiscal year 2024Cash0.05Total debt7.39Net cash (debt)−7.34Shareholders’ equity7.08Debt to equity1.04Fiscal year 2025Cash0.57Shareholders’ equity6.96
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.01 0.01 0.05 0.02 0.08 0.07 0.07 0.03 0.05 0.57
Total debt 3.09 3.07 3.12 0.00 0.00 0.01 7.24 7.82 7.39 n/a
Net cash (debt) −3.08 −3.06 −3.07 0.02 0.07 0.06 −7.16 −7.79 −7.34 n/a
Shareholders’ equity 2.30 2.60 3.11 3.82 5.53 6.62 7.81 7.08 7.08 6.96
Debt to equity 1.35 1.18 1.00 0.00 0.00 0.00 0.93 1.10 1.04 n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
0.83 0.98 1.13 1.26 1.40 2.27 2.97 2.28 2.26 2.31
Growth +17.8% +14.7% +12.2% +10.6% +62.5% +30.7% −23.1% −1.0% +2.0%
0.08 0.10 0.12 0.15 0.15 0.21 0.31 n/a n/a n/a
0.06 0.08 0.08 0.09 0.11 0.18 0.26 0.21 0.23 0.24
0.47 0.55 n/a n/a n/a n/a n/a n/a n/a n/a
Growth +18.0%
0.04 0.07 0.13 0.14 0.14 0.28 n/a −0.05 −0.12 −0.26
0.00 −0.00 0.00 0.00 −0.00 0.00 0.01 −0.01 −0.04 −0.05
0.03 0.07 0.11 0.16 0.13 0.41 0.26 −0.21 0.10 1.41
Growth +174.3% +48.6% +50.7% −18.5% +210.2% −36.0% −179.2% +1,264.8%
Per share
0.27 0.85 1.29 1.80 1.34 3.36 2.00 −1.71 0.71 10.84
0.26 0.85 1.29 1.80 1.34 3.36 2.00 −1.72 0.71 10.84
Growth +226.9% +51.8% +39.5% −25.6% +150.7% −40.5% −186.0% +1,426.8%
65.9 76.1 81.4 88.5 97.5 112.6 120.2 123.4 124.5 124.9
66.3 76.7 82.0 88.9 97.5 115.1 122.9 123.8 127.2 124.9
Growth +15.7% +6.9% +8.4% +9.7% +18.1% +6.8% +0.7% +2.7% −1.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 10.5% a year over five years, and earnings per share grew 51.9% a year.
  • The diluted share count rose 28.1% in five years, which is dilution.
  • A net loss in 1 of 10 years on file.