SPG (Simon Property Group, Inc.) Stock Financials & Earnings | Market Cap Arena

SPG (Simon Property Group, Inc.) Stock Financials & Earnings | Market Cap Arena

SPGSimon Property Group, Inc.

Mkt Cap$63B

Real Estate·REIT - Retail·🇺🇸 United States·NYSE

Revenue (TTM)$6.4B

Net Income (TTM)$4.6B

EPS (TTM)$14.14

Free Cash Flow (TTM)$2.8B

Gross Margin85.7%

Op. Margin49.9%

Net Margin72.5%

FCF Margin43.3%

P/S Ratio (TTM)10.0x

P/E Ratio (TTM)13.7x

YoY Rev Growth+6.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$1.4B	$1.1B	$663M
Q2 23	$1.4B	$1.1B	$658M
Q3 23	$1.4B	$1.1B	$694M
Q4 23	$1.5B	$1.3B	$792M
Q1 24	$1.4B	$1.2B	$735M
Q2 24	$1.5B	$1.2B	$754M
Q3 24	$1.5B	$1.2B	$768M
Q4 24	$1.6B	$1.3B	$836M
Q1 25	$1.5B	$1.2B	$728M
Q2 25	$1.5B	$1.3B	$744M
Q3 25	$1.6B	$1.3B	$813M
Q4 25	$1.8B	$1.6B	$891M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	11.9x	29.3x
Q2 23	11.7x	29.4x
Q3 23	11.5x	28.7x
Q4 23	11.2x	27.8x
Q1 24	11.0x	24.7x
Q2 24	10.9x	24.7x
Q3 24	10.7x	25.9x
Q4 24	10.6x	26.7x
Q1 25	10.6x	30.9x
Q2 25	10.5x	30.0x
Q3 25	10.3x	28.4x
Q4 25	10.0x	13.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$829M	$663M
Q2 23	$1.1B	$908M
Q3 23	$936M	$708M
Q4 23	$1.0B	$858M
Q1 24	$773M	$610M
Q2 24	$1.1B	$875M
Q3 24	$893M	$706M
Q4 24	$1.1B	$868M
Q1 25	$827M	$597M
Q2 25	$1.2B	$971M
Q3 25	$890M	$685M
Q4 25	$1.2B	$499M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$166M
Q2 23	$221M
Q3 23	$228M
Q4 23	$178M
Q1 24	$163M
Q2 24	$188M
Q3 24	$186M
Q4 24	$218M
Q1 25	$230M
Q2 25	$244M
Q3 25	$205M
Q4 25	$704M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+4.2%	+1.9%
Q2 23	+7.0%	+9.0%
Q3 23	+7.2%	+8.0%
Q4 23	+9.1%	+2.7%
Q1 24	+6.8%	+2.8%
Q2 24	+6.5%	-1.1%
Q3 24	+4.9%	-0.5%
Q4 24	+3.6%	+1.5%
Q1 25	+2.1%	+5.4%
Q2 25	+2.8%	+7.1%
Q3 25	+8.2%	+10.6%
Q4 25	+13.2%	+20.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$10M	0.8%
Q3 23	$10M	0.7%
Q4 23	-$4M	-0.2%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$25M	1.4%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$9M	$24M
Q2 23	$10M	$34M
Q3 23	$9M	$29M
Q4 23	$10M	$41M
Q1 24	$9M	$28M
Q2 24	$11M	$39M
Q3 24	$9M	$34M
Q4 24	$16M	$44M
Q1 25	$13M	$34M
Q2 25	$14M	$36M
Q3 25	$16M	$39M
Q4 25	$83M	$47M

Revenue Segments

Quarter	Real Estate Segment
Q1 25	$1.4B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$1.2B	$0	$1.2B
Q2 23	$837M	$0	$837M
Q3 23	$769M	$0	$769M
Q4 23	$1.2B	$1.0B	$2.2B
Q1 24	$1.3B	$1.3B	$2.6B
Q2 24	$1.2B	$1.3B	$2.5B
Q3 24	$2.2B	$300M	$2.5B
Q4 24	$1.4B	$0	$1.4B
Q1 25	$1.4B	$0	$1.4B
Q2 25	$1.2B	$0	$1.2B
Q3 25	$1.6B	$0	$1.6B
Q4 25	$823M	$0	$823M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	327M	+0.0%
Q2 23	327M	+0.1%
Q3 23	327M	-0.0%
Q4 23	326M	-0.4%
Q1 24	326M	-0.0%
Q2 24	326M	+0.0%
Q3 24	326M	+0.0%
Q4 24	326M	+0.0%
Q1 25	326M	+0.0%
Q2 25	327M	+0.3%
Q3 25	327M	+0.0%
Q4 25	326M	-0.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$928K	5K
FY 15	$1M	5K
FY 16	$1M	5K
FY 17	$1M	5K
FY 18	$1M	5K
FY 19	$1M	5K
FY 20	$1M	3K
FY 21	$2M	3K
FY 22	$2M	3K
FY 23	$2M	3K
FY 24	$2M	3K
FY 25	$2M	4K