Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $1,398 | $2,273 | $2,970 | $3,225 | $3,221 |
| Gross Profit | $1,266 | $2,067 | $2,659 | -$110 | -$88 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $132 | $408 | $261 | -$207 | $104 |
Over the five-year period, SUN COMMUNITIES, INC. experienced robust revenue growth, increasing from approximately 1,398 million USD in 2020 to 3,221 million USD in 2024. This growth was particularly sharp between 2020 and 2021—a year-over-year increase of around 63%—and then continued steadily through 2022. However, while overall top-line revenue expanded, the gross profit trend raised significant concerns. Initially, gross profit moved in tandem with revenue growth, rising from about 1,266 million USD in 2020 to a peak of 2,659 million USD in 2022. Yet, in 2023 there was an abrupt swing to a negative gross profit of -109 million USD, a dramatic shift suggesting major cost pressures, pricing issues, or operational challenges despite continued revenue gains. Net income trends further underscore the volatility in operating performance. After a moderate net income of 131 million USD in 2020, the company saw a substantial spike to 408 million USD in 2021, representing an impressive increase of over 200%. However, this was followed by a decline to 261 million USD in 2022, a further steep drop to -207 million USD in 2023, and then an unexpected recovery to 104 million USD in 2024. Notably, operating income remained flat at zero across all periods, complicating the interpretation of underlying operational efficiency. Overall, while SUN COMMUNITIES, INC. demonstrates strong revenue-generating capabilities, the pronounced fluctuations in gross and net income point to potential issues in cost management and pricing strategy. These mixed signals suggest that, despite apparent revenue strength, the company may face sustainability challenges unless it addresses the operational inefficiencies driving these significant year-over-year swings.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.