Simon Property Group, Inc.

SPG Real Estate Reit Retail

Simon Property Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.4 billion, up 6.72% from fiscal 2024.

Revenue
+13.3%
EPS
−17.2%
Free cash flow
−1.30%
Total debt
+10.2%

Quarter to September 2026, against a year earlier

228.75 2.20 +0.97%
Market cap
$73.3B
P/E
16.4×
Fwd P/E
33.2×
Dividend yield
3.92%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Simon Property Group, Inc. (SPG) Operating margin

Alert me on Operating margin

Simon Property Group, Inc.'s operating margin over the twelve months to 30 September 2026 was 45.9%, down 4.0 percentage points from fiscal 2025 (49.9%). Over the past ten years it has ranged from 42.8% (fiscal 2020) to 51.9% (fiscal 2024); the current reading is higher than 45% of that period. That is above the Reit Retail industry median of 36.9% and above the Real Estate sector median of 17.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 49.9% (1.97)
FY2024 51.9% 2.26
FY2023 49.6% 0.77
FY2022 48.8% 1.67
FY2021 47.2% 4.36
FY2020 42.8% (7.81)
FY2019 50.6% (1.23)
FY2018 51.8% 1.14
FY2017 50.7% 0.64
FY2016 50.1% (0.62)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 44.3% (1.69)
Jun 2026 46.0% 2.64
Mar 2026 43.4% (6.34)
Dec 2025 49.7% (1.04)
43 more quarters

Against its own ten years

Low 42.8% High 51.9%
Ten-year median 50.1%
Current reading's percentile 21

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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