FirmAtlas
Company handbook · SPG · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
SPG · CIK 1063761 · LATEST FILING: 10-Q JUN '26 · FILED AUG 10, 2026
SIMON PROPERTY GROUP, INC.
$205.44
+2.05 (+1.01%)
Close, Oct 16, 2026 · 52-week $172–238
Last fiscal year
SIMON PROPERTY GROUP, INC. reported revenue of $6.4B for the year ended Dec 31, 2025 (FY25), up 6.7% from FY24. Net income was $4.6B, operating cash flow $4.1B and free cash flow $3.2B. Source: 10-K filed Feb 25, 2026.
Market cap
$67.0B
P/E
14.5
EV/EBITDA
20.6x
P/B
15.1
Div yield
4.33%
ROIC
8.6%
Revenue 1Y
6.7%/yr
EPS 1Y
95.2%/yr
Shares 1Y
+0.1%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOEli Simon
HQIndianapolis, IN
AuditorErnst & Young LLP
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
0.4%
7.9%
23.8%
16.2%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.9B deployed
Capex
$1.7B
88.2%
Buybacks
$227M
11.8%
Operating cash flow over the period: $8.0B. Total debt changed by +$4.2B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
5,964
6,365+6.7%
6,941
YoY
+6.7%
Operating income
3,093
3,175+2.7%
3,290
Operating margin
51.9%
49.9%−2.0 pp
—
EBITDA
4,358
4,602+5.6%
—
EBITDA margin
73.1%
72.3%−0.8 pp
—
Interest expense
906
975+7.6%
—
Interest coverage
4.81x
4.72x−0.09x
—
Net income
2,368
4,624+95.3%
4,617
YoY
+95.3%
Net margin
39.7%
72.7%+33.0 pp
—
EPS (diluted, $)
7.26
14.17+95.2%
14.17
YoY
+95.2%
Balance sheet
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,815
4,137+8.4%
4,123
Net income
2,729
5,364+96.6%
—
Depreciation & amortization
1,265
1,426+12.7%
—
Working capital & other
(180)
(2,654)n/m
—
Cash from investing
1,408
(1,601)−213.7%
—
Capex
(756)
(934)n/m
—
PP&E sold
55
—
—
Investments bought
(241)
(49)n/m
—
Investments sold / matured
1,184
96−91.9%
—
Other investing
1,166
(714)−161.2%
—
Cash from financing
(4,992)
(3,113)n/m
—
Debt raised
1,096
3,669+234.9%
—
Debt repaid
(2,969)
(3,278)n/m
—
Buybacks
—
(227)
—
Other financing
(3,118)
(3,277)n/m
—
Net change in cash
231
(577)−349.5%
—
Free cash flow (OCF − capex)
3,059
3,202+4.7%
3,218
Where the cash went
Operating cash flow
3,815
4,137+8.4%
4,123
Reinvested in the business
756
934+23.7%
—
% of operating cash flow
19.8%
22.6%
Capex
756
934+23.7%
905
Free cash flow
3,059
3,202+4.7%
3,218
YoY
+4.7%
Returned to shareholders
—
227
—
% of free cash flow
—
7.1%
Buybacks
—
227
—
Change in total debt
—
4,166
—
Cash left over
—
7,141
—
FCF conversion (FCF ÷ net income)
129.2%
69.2%−60.0 pp
—
Buyback yield
—
0.4%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,602
1,791
1,757
1,791
vs year-ago quarter
Operating income
813
891
762
824
Net income
606
3,048
480
483
vs year-ago quarter
Net margin
37.8%
170.2%
27.3%
27.0%
EPS (diluted, $)
1.86
9.34
1.48
1.49
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
33,602
40,606
39,639
39,709
Cash & equivalents
1,553
823
543
1,019
Total debt
25,789
28,430
28,248
28,700
Shareholders’ equity
2,350
5,208
4,859
4,434
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
890
1,204
833
1,196
Capex
205
255
208
237
Free cash flow
685
949
625
959
vs year-ago quarter