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Side-by-side financial comparison of Charles River Laboratories (CRL) 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 $994.2M, roughly 1.8× Charles River Laboratories). Simon Property Group runs the higher net margin — 197.6% vs -27.8%, a 225.4% gap on every dollar of revenue. On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs -0.8%). Simon Property Group produced more free cash flow last quarter ($948.8M vs $58.6M). Over the past eight quarters, Simon Property Group's revenue compounded faster (11.4% CAGR vs -0.9%).

Charles River Laboratories International, Inc. is an American pharmaceutical and biotechnology contract research organisation (CRO) headquartered in Wilmington, Massachusetts, United States. Founded in 1947, the company provides preclinical and clinical laboratory services for the development of new drugs, vaccines, and medical devices.

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.

CRL vs SPG — Head-to-Head

Bigger by revenue
SPG
SPG
1.8× larger
SPG
$1.8B
$994.2M
CRL
Growing faster (revenue YoY)
SPG
SPG
+14.1% gap
SPG
13.2%
-0.8%
CRL
Higher net margin
SPG
SPG
225.4% more per $
SPG
197.6%
-27.8%
CRL
More free cash flow
SPG
SPG
$890.3M more FCF
SPG
$948.8M
$58.6M
CRL
Faster 2-yr revenue CAGR
SPG
SPG
Annualised
SPG
11.4%
-0.9%
CRL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CRL
CRL
SPG
SPG
Revenue
$994.2M
$1.8B
Net Profit
$-276.6M
$3.5B
Gross Margin
Operating Margin
-28.5%
49.7%
Net Margin
-27.8%
197.6%
Revenue YoY
-0.8%
13.2%
Net Profit YoY
-28.9%
358.7%
EPS (diluted)
$-5.57
$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
CRL
CRL
SPG
SPG
Q4 25
$994.2M
$1.8B
Q3 25
$1.0B
$1.6B
Q2 25
$1.0B
$1.5B
Q1 25
$984.2M
$1.5B
Q4 24
$1.0B
$1.6B
Q3 24
$1.0B
$1.5B
Q2 24
$1.0B
$1.5B
Q1 24
$1.0B
$1.4B
Net Profit
CRL
CRL
SPG
SPG
Q4 25
$-276.6M
$3.5B
Q3 25
$54.4M
$702.7M
Q2 25
$52.3M
$643.7M
Q1 25
$25.5M
$477.9M
Q4 24
$-214.5M
$771.8M
Q3 24
$69.7M
$546.7M
Q2 24
$94.1M
$569.4M
Q1 24
$73.0M
$841.2M
Gross Margin
CRL
CRL
SPG
SPG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
34.6%
Q2 24
34.5%
Q1 24
34.1%
Operating Margin
CRL
CRL
SPG
SPG
Q4 25
-28.5%
49.7%
Q3 25
13.3%
50.8%
Q2 25
9.7%
49.7%
Q1 25
7.6%
49.4%
Q4 24
-16.7%
52.8%
Q3 24
11.6%
51.9%
Q2 24
14.8%
51.7%
Q1 24
12.5%
51.0%
Net Margin
CRL
CRL
SPG
SPG
Q4 25
-27.8%
197.6%
Q3 25
5.4%
43.9%
Q2 25
5.1%
43.0%
Q1 25
2.6%
32.4%
Q4 24
-21.4%
48.8%
Q3 24
6.9%
36.9%
Q2 24
9.2%
39.0%
Q1 24
7.2%
58.3%
EPS (diluted)
CRL
CRL
SPG
SPG
Q4 25
$-5.57
$9.34
Q3 25
$1.10
$1.86
Q2 25
$1.06
$1.70
Q1 25
$0.50
$1.27
Q4 24
$-4.17
$2.04
Q3 24
$1.33
$1.46
Q2 24
$1.74
$1.51
Q1 24
$1.30
$2.25

Balance Sheet & Financial Strength

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

Metric
CRL
CRL
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$213.8M
$823.1M
Total DebtLower is stronger
$2.1B
$28.4B
Stockholders' EquityBook value
$3.2B
$5.2B
Total Assets
$7.1B
$40.6B
Debt / EquityLower = less leverage
0.68×
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRL
CRL
SPG
SPG
Q4 25
$213.8M
$823.1M
Q3 25
$207.1M
$1.6B
Q2 25
$182.8M
$1.2B
Q1 25
$229.4M
$1.4B
Q4 24
$194.6M
$1.4B
Q3 24
$210.2M
$2.5B
Q2 24
$179.2M
$2.5B
Q1 24
$327.0M
$2.6B
Total Debt
CRL
CRL
SPG
SPG
Q4 25
$2.1B
$28.4B
Q3 25
$2.2B
$25.8B
Q2 25
$2.3B
$25.4B
Q1 25
$2.5B
$24.8B
Q4 24
$2.2B
$24.3B
Q3 24
$2.3B
$25.4B
Q2 24
$2.4B
$25.3B
Q1 24
$2.7B
$25.5B
Stockholders' Equity
CRL
CRL
SPG
SPG
Q4 25
$3.2B
$5.2B
Q3 25
$3.4B
$2.3B
Q2 25
$3.4B
$2.5B
Q1 25
$3.2B
$2.6B
Q4 24
$3.5B
$2.9B
Q3 24
$3.8B
$2.7B
Q2 24
$3.7B
$2.9B
Q1 24
$3.6B
$3.1B
Total Assets
CRL
CRL
SPG
SPG
Q4 25
$7.1B
$40.6B
Q3 25
$7.5B
$33.6B
Q2 25
$7.6B
$33.3B
Q1 25
$7.6B
$32.5B
Q4 24
$7.5B
$32.4B
Q3 24
$8.0B
$33.3B
Q2 24
$7.9B
$33.4B
Q1 24
$8.2B
$33.7B
Debt / Equity
CRL
CRL
SPG
SPG
Q4 25
0.68×
5.46×
Q3 25
0.64×
10.98×
Q2 25
0.70×
10.36×
Q1 25
0.79×
9.50×
Q4 24
0.65×
8.25×
Q3 24
0.62×
9.37×
Q2 24
0.65×
8.59×
Q1 24
0.73×
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
CRL
CRL
SPG
SPG
Operating Cash FlowLast quarter
$147.5M
$1.2B
Free Cash FlowOCF − Capex
$58.6M
$948.8M
FCF MarginFCF / Revenue
5.9%
53.0%
Capex IntensityCapex / Revenue
8.9%
14.2%
Cash ConversionOCF / Net Profit
0.34×
TTM Free Cash FlowTrailing 4 quarters
$518.5M
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRL
CRL
SPG
SPG
Q4 25
$147.5M
$1.2B
Q3 25
$213.8M
$890.3M
Q2 25
$204.6M
$1.2B
Q1 25
$171.7M
$827.2M
Q4 24
$159.4M
$1.1B
Q3 24
$251.8M
$892.9M
Q2 24
$193.5M
$1.1B
Q1 24
$129.9M
$773.1M
Free Cash Flow
CRL
CRL
SPG
SPG
Q4 25
$58.6M
$948.8M
Q3 25
$178.2M
$685.0M
Q2 25
$169.3M
$971.3M
Q1 25
$112.4M
$597.0M
Q4 24
$83.7M
$867.7M
Q3 24
$213.1M
$706.5M
Q2 24
$154.0M
$874.8M
Q1 24
$50.7M
$610.1M
FCF Margin
CRL
CRL
SPG
SPG
Q4 25
5.9%
53.0%
Q3 25
17.7%
42.8%
Q2 25
16.4%
64.8%
Q1 25
11.4%
40.5%
Q4 24
8.4%
54.8%
Q3 24
21.1%
47.7%
Q2 24
15.0%
60.0%
Q1 24
5.0%
42.3%
Capex Intensity
CRL
CRL
SPG
SPG
Q4 25
8.9%
14.2%
Q3 25
3.5%
12.8%
Q2 25
3.4%
16.3%
Q1 25
6.0%
15.6%
Q4 24
7.5%
13.8%
Q3 24
3.8%
12.6%
Q2 24
3.8%
12.9%
Q1 24
7.8%
11.3%
Cash Conversion
CRL
CRL
SPG
SPG
Q4 25
0.34×
Q3 25
3.93×
1.27×
Q2 25
3.91×
1.89×
Q1 25
6.74×
1.73×
Q4 24
1.41×
Q3 24
3.61×
1.63×
Q2 24
2.06×
1.87×
Q1 24
1.78×
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRL
CRL

Discovery And Safety Assessment Segment$591.6M60%
Manufacturing Support Segment$196.4M20%
Transferred At Point In Time$108.0M11%
Transferred Over Time$98.3M10%

SPG
SPG

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

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