Sun Communities, Inc. (SUI) Income Statement
SUI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSUI revenue and net income
Where SUI's revenue goes
2025Each bar shows an amount and its share of revenue. SUI kept 59.6% of revenue as net income.
SUI profit margins
SUI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −27.9% | −7.7% | +10.8% | +13.3% |
| Gross profit | −85.8% | −46.8% | −22.6% | −5.6% |
| Operating income | −7.7% | −4.7% | −6.1% | +12.1% |
| Net income | +1,443.6% | +78.4% | +59.9% | +24.3% |
| EPS (diluted) | +188.8% | +5.4% | +15.4% | +5.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SUI quarterly EPS vs estimates
Sun Communities beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 4, 2026 (estimate $2.25).
SUI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.31B | $3.20B | $3.18B | $2.93B | $2.26B | $1.38B | $1.25B | $1.11B | $961.4M | $815.7M |
| Cost of revenue | $2.09B | $1.70B | $1.69B | $1.52B | $1.11B | $613.9M | $547.2M | $493.1M | $419.7M | $355.9M |
| Gross profit | $213.5M | $1.50B | $1.49B | $1.42B | $1.15B | $768.9M | $704.0M | $612.9M | $541.6M | $459.8M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $236.7M | $295.3M | $274.0M | $257.4M | $387.1M | $109.6M | $92.8M | $97.2M | $96.4M | $73.4M |
| Total operating expenses | −$268.7M | $976.0M | $932.1M | $859.2M | $704.0M | $109.5M | $92.8M | $368.7M | $345.5M | $285.4M |
| Operating income | $482.2M | $522.6M | $560.7M | $556.8M | $447.1M | $659.4M | $611.3M | $244.2M | $196.1M | $174.3M |
| Interest income | $48.5M | $20.7M | $50.5M | $231.3M | $12.2M | $126.8M | $137.8M | $134.2M | $131.6M | $122.3M |
| Interest expense | $224.5M | $350.4M | $329.1M | $234.0M | $162.8M | $133.2M | $137.9M | $132.8M | $130.2M | $122.3M |
| Income before taxes | −$48.6M | $71.8M | −$217.5M | $269.9M | $415.1M | $146.6M | $178.3M | $120.2M | $81.7M | $31.8M |
| Income taxes | −$49.2M | −$35.3M | −$8.4M | $6.1M | $1.3M | −$800,000 | $873,000 | $88,000 | −$136,000 | $283,000 |
| Net income | $1.37B | $89.0M | −$213.3M | $242.0M | $380.2M | $131.6M | $161.6M | $107.2M | $72.2M | $26.3M |
| EBITDA | $683.8M | $1.10B | $771.6M | $1.08B | $1.10B | $672.3M | $612.0M | $530.6M | $471.4M | $373.3M |
| EPS (diluted) | $3.35 | $1.16 | $1.52 | $2.86 | $3.18 | $1.64 | $2.00 | $1.35 | $0.89 | $0.35 |
| Gross margin | 9.3% | 46.8% | 47.0% | 48.3% | 50.9% | 55.6% | 56.3% | 55.4% | 56.3% | 56.4% |
| Operating margin | 20.9% | 16.3% | 17.6% | 19.0% | 19.8% | 47.7% | 48.9% | 22.1% | 20.4% | 21.4% |
| Net margin | 59.6% | 2.8% | −6.7% | 8.2% | 16.8% | 9.5% | 12.9% | 9.7% | 7.5% | 3.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $484.6M | $500.5M | $515.2M | $697.2M | $607.0M | $465.8M | $740.6M | $934.4M | $858.7M | $464.7M | $721.9M | $968.1M |
| Cost of revenue | $176.3M | $243.2M | $158.3M | $433.5M | $296.9M | $226.0M | $397.7M | $482.5M | $462.8M | $219.6M | $392.9M | $483.3M |
| Gross profit | $308.3M | $257.3M | $356.9M | $263.7M | $310.1M | $239.8M | $342.9M | $451.9M | $395.9M | $245.1M | $329.0M | $484.8M |
| Sales, general & admin | $49.9M | $69.5M | $62.7M | $55.8M | $61.2M | $57.0M | $76.7M | $74.8M | $65.3M | $61.8M | $77.8M | $67.0M |
| Total operating expenses | $194.4M | $202.0M | $181.9M | $55.4M | $188.6M | $180.7M | $246.9M | $247.2M | $238.1M | $182.8M | $255.5M | $229.6M |
| Operating income | $113.9M | $55.3M | $175.0M | $208.3M | $121.5M | $59.1M | $96.0M | $204.7M | $157.8M | $62.3M | $73.5M | $255.2M |
| Interest income | $6.2M | $7.4M | $10.3M | $63.7M | $16.5M | $4.4M | $5.3M | $5.5M | $5.3M | $4.6M | $4.8M | $15.2M |
| Interest expense | $38.1M | $38.4M | $36.5M | $41.5M | $58.2M | $82.1M | $83.2M | $87.7M | $89.8M | $89.7M | $86.5M | $84.9M |
| Income before taxes | $42.3M | $1.8M | $151.1M | −$22.8M | −$118.2M | −$26.4M | −$257.1M | $297.6M | $60.0M | −$40.5M | −$461.8M | $137.9M |
| Income taxes | $600,000 | $8.1M | $31.5M | $1.7M | −$26.0M | −$3.3M | −$25.3M | −$8.0M | $1.6M | −$3.8M | −$7.7M | $2.3M |
| Net income | −$990.8M | −$6.0M | $121.9M | $11.7M | $1.27B | −$39.7M | −$224.4M | $288.7M | $52.1M | −$24.2M | −$436.1M | $120.1M |
| EBITDA | $267.7M | $172.7M | $685.7M | $144.9M | $67.4M | $179.4M | −$3.7M | $557.7M | $276.1M | $170.2M | −$197.6M | $385.4M |
| EPS (diluted) | $1.84 | $0.17 | $1.12 | $1.74 | $0.82 | −$0.33 | −$0.15 | $0.94 | $0.59 | −$0.22 | −$0.65 | $1.49 |
| Gross margin | 63.6% | 51.4% | 69.3% | 37.8% | 51.1% | 51.5% | 46.3% | 48.4% | 46.1% | 52.7% | 45.6% | 50.1% |
| Operating margin | 23.5% | 11.0% | 34.0% | 29.9% | 20.0% | 12.7% | 13.0% | 21.9% | 18.4% | 13.4% | 10.2% | 26.4% |
| Net margin | −204.5% | −1.2% | 23.7% | 1.7% | 209.8% | −8.5% | −30.3% | 30.9% | 6.1% | −5.2% | −60.4% | 12.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SUI's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SUI financial results
In fiscal year 2025 (ended December 31, 2025), Sun Communities reported revenue of $2.3 billion, down 27.9% from the year before. It had net income of $1.4 billion (up 1,443.6%), a net profit margin of 59.6%. Diluted earnings per share came to $3.35. Over five years revenue grew at an average rate of 10.8% a year.
See the SUI stock overview for the latest quote and news, or the SUI chart for price history and technical indicators.
SUI income statement FAQ
What is Sun Communities's annual revenue?
Sun Communities reported total revenue of $2.3 billion for fiscal year 2025, which ended on December 31, 2025. That was down 27.9% from $3.2 billion the previous year.
Is Sun Communities profitable?
Yes. Sun Communities reported net income of $1.4 billion in fiscal 2025, a net profit margin of 59.6%; its operating margin was 20.9%.
What is Sun Communities's gross margin?
Sun Communities's gross margin was 9.3% in fiscal 2025: for every $100 of revenue, Sun Communities kept $9 after the direct cost of its products and services.
How fast is Sun Communities growing?
Revenue grew 10.8% a year on average over the last five fiscal years, from $1.4 billion to $2.3 billion.
What are Sun Communities's earnings per share?
Sun Communities earned $3.35 per diluted share in fiscal 2025, compared with $1.16 a year earlier.
When will Sun Communities report its next earnings?
Sun Communities is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Sun Communities's fiscal year end?
Sun Communities's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.