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Side-by-side financial comparison of Bausch & Lomb Corp (BLCO) and Simon Property Group (SPG). Click either name above to swap in a different company.

Simon Property Group is the larger business by last-quarter revenue ($1.8B vs $1.4B, roughly 1.3× Bausch & Lomb Corp). Simon Property Group runs the higher net margin — 197.6% vs -4.1%, a 201.7% gap on every dollar of revenue. On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs 9.8%). Simon Property Group produced more free cash flow last quarter ($948.8M vs $60.0M). Over the past eight quarters, Bausch & Lomb Corp's revenue compounded faster (13.1% CAGR vs 11.4%).

Bausch & Lomb is an American-Canadian eye health products company based in Vaughan, Ontario, Canada. It is one of the world's largest suppliers of contact lenses, lens care products, pharmaceuticals, intraocular lenses, and other eye surgery products. The company was founded in Rochester, New York, in 1853 by optician John Bausch and cabinet maker turned financial backer Henry Lomb. Until its sale in 2013, Bausch + Lomb was one of the oldest continually operating companies in the United States.

Simon Media Properties, LLC, doing business as Simon Property Group, Inc., is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of December 31, 2024, it owned interests in 232 properties.

BLCO vs SPG — Head-to-Head

Bigger by revenue
SPG
SPG
1.3× larger
SPG
$1.8B
$1.4B
BLCO
Growing faster (revenue YoY)
SPG
SPG
+3.5% gap
SPG
13.2%
9.8%
BLCO
Higher net margin
SPG
SPG
201.7% more per $
SPG
197.6%
-4.1%
BLCO
More free cash flow
SPG
SPG
$888.8M more FCF
SPG
$948.8M
$60.0M
BLCO
Faster 2-yr revenue CAGR
BLCO
BLCO
Annualised
BLCO
13.1%
11.4%
SPG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BLCO
BLCO
SPG
SPG
Revenue
$1.4B
$1.8B
Net Profit
$-58.0M
$3.5B
Gross Margin
Operating Margin
8.0%
49.7%
Net Margin
-4.1%
197.6%
Revenue YoY
9.8%
13.2%
Net Profit YoY
-1833.3%
358.7%
EPS (diluted)
$-0.16
$9.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BLCO
BLCO
SPG
SPG
Q4 25
$1.4B
$1.8B
Q3 25
$1.3B
$1.6B
Q2 25
$1.3B
$1.5B
Q1 25
$1.1B
$1.5B
Q4 24
$1.3B
$1.6B
Q3 24
$1.2B
$1.5B
Q2 24
$1.2B
$1.5B
Q1 24
$1.1B
$1.4B
Net Profit
BLCO
BLCO
SPG
SPG
Q4 25
$-58.0M
$3.5B
Q3 25
$-28.0M
$702.7M
Q2 25
$-62.0M
$643.7M
Q1 25
$-212.0M
$477.9M
Q4 24
$-3.0M
$771.8M
Q3 24
$4.0M
$546.7M
Q2 24
$-151.0M
$569.4M
Q1 24
$-167.0M
$841.2M
Operating Margin
BLCO
BLCO
SPG
SPG
Q4 25
8.0%
49.7%
Q3 25
7.4%
50.8%
Q2 25
-0.9%
49.7%
Q1 25
-7.3%
49.4%
Q4 24
6.8%
52.8%
Q3 24
3.6%
51.9%
Q2 24
2.1%
51.7%
Q1 24
0.5%
51.0%
Net Margin
BLCO
BLCO
SPG
SPG
Q4 25
-4.1%
197.6%
Q3 25
-2.2%
43.9%
Q2 25
-4.9%
43.0%
Q1 25
-18.6%
32.4%
Q4 24
-0.2%
48.8%
Q3 24
0.3%
36.9%
Q2 24
-12.4%
39.0%
Q1 24
-15.2%
58.3%
EPS (diluted)
BLCO
BLCO
SPG
SPG
Q4 25
$-0.16
$9.34
Q3 25
$-0.08
$1.86
Q2 25
$-0.18
$1.70
Q1 25
$-0.60
$1.27
Q4 24
$-0.00
$2.04
Q3 24
$0.01
$1.46
Q2 24
$-0.43
$1.51
Q1 24
$-0.48
$2.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BLCO
BLCO
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$383.0M
$823.1M
Total DebtLower is stronger
$5.0B
$28.4B
Stockholders' EquityBook value
$6.4B
$5.2B
Total Assets
$14.0B
$40.6B
Debt / EquityLower = less leverage
0.78×
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLCO
BLCO
SPG
SPG
Q4 25
$383.0M
$823.1M
Q3 25
$310.0M
$1.6B
Q2 25
$266.0M
$1.2B
Q1 25
$202.0M
$1.4B
Q4 24
$305.0M
$1.4B
Q3 24
$329.0M
$2.5B
Q2 24
$285.0M
$2.5B
Q1 24
$315.0M
$2.6B
Total Debt
BLCO
BLCO
SPG
SPG
Q4 25
$5.0B
$28.4B
Q3 25
$5.0B
$25.8B
Q2 25
$5.0B
$25.4B
Q1 25
$4.8B
$24.8B
Q4 24
$4.8B
$24.3B
Q3 24
$4.6B
$25.4B
Q2 24
$4.6B
$25.3B
Q1 24
$4.6B
$25.5B
Stockholders' Equity
BLCO
BLCO
SPG
SPG
Q4 25
$6.4B
$5.2B
Q3 25
$6.4B
$2.3B
Q2 25
$6.4B
$2.5B
Q1 25
$6.4B
$2.6B
Q4 24
$6.5B
$2.9B
Q3 24
$6.6B
$2.7B
Q2 24
$6.5B
$2.9B
Q1 24
$6.7B
$3.1B
Total Assets
BLCO
BLCO
SPG
SPG
Q4 25
$14.0B
$40.6B
Q3 25
$13.8B
$33.6B
Q2 25
$13.8B
$33.3B
Q1 25
$13.4B
$32.5B
Q4 24
$13.5B
$32.4B
Q3 24
$13.5B
$33.3B
Q2 24
$13.3B
$33.4B
Q1 24
$13.3B
$33.7B
Debt / Equity
BLCO
BLCO
SPG
SPG
Q4 25
0.78×
5.46×
Q3 25
0.77×
10.98×
Q2 25
0.77×
10.36×
Q1 25
0.76×
9.50×
Q4 24
0.74×
8.25×
Q3 24
0.70×
9.37×
Q2 24
0.71×
8.59×
Q1 24
0.69×
8.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BLCO
BLCO
SPG
SPG
Operating Cash FlowLast quarter
$136.0M
$1.2B
Free Cash FlowOCF − Capex
$60.0M
$948.8M
FCF MarginFCF / Revenue
4.3%
53.0%
Capex IntensityCapex / Revenue
5.4%
14.2%
Cash ConversionOCF / Net Profit
0.34×
TTM Free Cash FlowTrailing 4 quarters
$-66.0M
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLCO
BLCO
SPG
SPG
Q4 25
$136.0M
$1.2B
Q3 25
$137.0M
$890.3M
Q2 25
$35.0M
$1.2B
Q1 25
$-25.0M
$827.2M
Q4 24
$22.0M
$1.1B
Q3 24
$154.0M
$892.9M
Q2 24
$15.0M
$1.1B
Q1 24
$41.0M
$773.1M
Free Cash Flow
BLCO
BLCO
SPG
SPG
Q4 25
$60.0M
$948.8M
Q3 25
$63.0M
$685.0M
Q2 25
$-54.0M
$971.3M
Q1 25
$-135.0M
$597.0M
Q4 24
$-70.0M
$867.7M
Q3 24
$94.0M
$706.5M
Q2 24
$-57.0M
$874.8M
Q1 24
$-26.0M
$610.1M
FCF Margin
BLCO
BLCO
SPG
SPG
Q4 25
4.3%
53.0%
Q3 25
4.9%
42.8%
Q2 25
-4.2%
64.8%
Q1 25
-11.9%
40.5%
Q4 24
-5.5%
54.8%
Q3 24
7.9%
47.7%
Q2 24
-4.7%
60.0%
Q1 24
-2.4%
42.3%
Capex Intensity
BLCO
BLCO
SPG
SPG
Q4 25
5.4%
14.2%
Q3 25
5.8%
12.8%
Q2 25
7.0%
16.3%
Q1 25
9.7%
15.6%
Q4 24
7.2%
13.8%
Q3 24
5.0%
12.6%
Q2 24
5.9%
12.9%
Q1 24
6.1%
11.3%
Cash Conversion
BLCO
BLCO
SPG
SPG
Q4 25
0.34×
Q3 25
1.27×
Q2 25
1.89×
Q1 25
1.73×
Q4 24
1.41×
Q3 24
38.50×
1.63×
Q2 24
1.87×
Q1 24
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BLCO
BLCO

Overthe Counter Products$489.0M35%
Pharmaceuticals$378.0M27%
Other$263.0M19%
Surgical$249.0M18%
Brandedand Other Generic Products$14.0M1%
Other Revenues$3.0M0%
Pharmaceutical Products$2.0M0%

SPG
SPG

Real Estate Segment$1.7B95%
Other$86.3M5%

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