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Side-by-side financial comparison of Cintas (CTAS) and Simon Property Group (SPG). Click either name above to swap in a different company.

Cintas is the larger business by last-quarter revenue ($2.8B vs $1.8B, roughly 1.6× Simon Property Group). Simon Property Group runs the higher net margin — 197.6% vs 17.7%, a 179.9% gap on every dollar of revenue. On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs 9.3%). Simon Property Group produced more free cash flow last quarter ($948.8M vs $425.0M). Over the past eight quarters, Simon Property Group's revenue compounded faster (11.4% CAGR vs 7.9%).

Cintas Corporation is an American corporation headquartered in Mason, Ohio, which provides a range of products and services to businesses including uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses. Cintas is a publicly held company traded on the Nasdaq Global Select Market under the symbol CTAS and is a component of the S&P 500 Index.

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.

CTAS vs SPG — Head-to-Head

Bigger by revenue
CTAS
CTAS
1.6× larger
CTAS
$2.8B
$1.8B
SPG
Growing faster (revenue YoY)
SPG
SPG
+3.9% gap
SPG
13.2%
9.3%
CTAS
Higher net margin
SPG
SPG
179.9% more per $
SPG
197.6%
17.7%
CTAS
More free cash flow
SPG
SPG
$523.9M more FCF
SPG
$948.8M
$425.0M
CTAS
Faster 2-yr revenue CAGR
SPG
SPG
Annualised
SPG
11.4%
7.9%
CTAS

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
CTAS
CTAS
SPG
SPG
Revenue
$2.8B
$1.8B
Net Profit
$495.3M
$3.5B
Gross Margin
50.4%
Operating Margin
23.4%
49.7%
Net Margin
17.7%
197.6%
Revenue YoY
9.3%
13.2%
Net Profit YoY
10.4%
358.7%
EPS (diluted)
$1.21
$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
CTAS
CTAS
SPG
SPG
Q4 25
$2.8B
$1.8B
Q3 25
$2.7B
$1.6B
Q2 25
$2.7B
$1.5B
Q1 25
$2.6B
$1.5B
Q4 24
$2.6B
$1.6B
Q3 24
$2.5B
$1.5B
Q2 24
$2.5B
$1.5B
Q1 24
$2.4B
$1.4B
Net Profit
CTAS
CTAS
SPG
SPG
Q4 25
$495.3M
$3.5B
Q3 25
$491.1M
$702.7M
Q2 25
$448.3M
$643.7M
Q1 25
$463.5M
$477.9M
Q4 24
$448.5M
$771.8M
Q3 24
$452.0M
$546.7M
Q2 24
$414.3M
$569.4M
Q1 24
$397.6M
$841.2M
Gross Margin
CTAS
CTAS
SPG
SPG
Q4 25
50.4%
Q3 25
50.3%
Q2 25
49.7%
Q1 25
50.6%
Q4 24
49.8%
Q3 24
50.1%
Q2 24
Q1 24
Operating Margin
CTAS
CTAS
SPG
SPG
Q4 25
23.4%
49.7%
Q3 25
22.7%
50.8%
Q2 25
22.4%
49.7%
Q1 25
23.4%
49.4%
Q4 24
23.1%
52.8%
Q3 24
22.4%
51.9%
Q2 24
22.2%
51.7%
Q1 24
21.6%
51.0%
Net Margin
CTAS
CTAS
SPG
SPG
Q4 25
17.7%
197.6%
Q3 25
18.1%
43.9%
Q2 25
16.8%
43.0%
Q1 25
17.8%
32.4%
Q4 24
17.5%
48.8%
Q3 24
18.1%
36.9%
Q2 24
16.8%
39.0%
Q1 24
16.5%
58.3%
EPS (diluted)
CTAS
CTAS
SPG
SPG
Q4 25
$1.21
$9.34
Q3 25
$1.20
$1.86
Q2 25
$1.08
$1.70
Q1 25
$1.13
$1.27
Q4 24
$1.09
$2.04
Q3 24
$1.10
$1.46
Q2 24
$4.00
$1.51
Q1 24
$3.84
$2.25

Balance Sheet & Financial Strength

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

Metric
CTAS
CTAS
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$200.8M
$823.1M
Total DebtLower is stronger
$2.4B
$28.4B
Stockholders' EquityBook value
$4.5B
$5.2B
Total Assets
$10.1B
$40.6B
Debt / EquityLower = less leverage
0.54×
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTAS
CTAS
SPG
SPG
Q4 25
$200.8M
$823.1M
Q3 25
$138.1M
$1.6B
Q2 25
$264.0M
$1.2B
Q1 25
$243.4M
$1.4B
Q4 24
$122.4M
$1.4B
Q3 24
$101.4M
$2.5B
Q2 24
$342.0M
$2.5B
Q1 24
$128.5M
$2.6B
Total Debt
CTAS
CTAS
SPG
SPG
Q4 25
$2.4B
$28.4B
Q3 25
$2.4B
$25.8B
Q2 25
$2.4B
$25.4B
Q1 25
$2.0B
$24.8B
Q4 24
$2.0B
$24.3B
Q3 24
$2.0B
$25.4B
Q2 24
$2.0B
$25.3B
Q1 24
$2.5B
$25.5B
Stockholders' Equity
CTAS
CTAS
SPG
SPG
Q4 25
$4.5B
$5.2B
Q3 25
$4.8B
$2.3B
Q2 25
$4.7B
$2.5B
Q1 25
$4.6B
$2.6B
Q4 24
$4.3B
$2.9B
Q3 24
$4.0B
$2.7B
Q2 24
$4.3B
$2.9B
Q1 24
$4.2B
$3.1B
Total Assets
CTAS
CTAS
SPG
SPG
Q4 25
$10.1B
$40.6B
Q3 25
$9.8B
$33.6B
Q2 25
$9.8B
$33.3B
Q1 25
$9.6B
$32.5B
Q4 24
$9.4B
$32.4B
Q3 24
$9.1B
$33.3B
Q2 24
$9.2B
$33.4B
Q1 24
$9.0B
$33.7B
Debt / Equity
CTAS
CTAS
SPG
SPG
Q4 25
0.54×
5.46×
Q3 25
0.51×
10.98×
Q2 25
0.52×
10.36×
Q1 25
0.44×
9.50×
Q4 24
0.47×
8.25×
Q3 24
0.50×
9.37×
Q2 24
0.47×
8.59×
Q1 24
0.58×
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
CTAS
CTAS
SPG
SPG
Operating Cash FlowLast quarter
$531.2M
$1.2B
Free Cash FlowOCF − Capex
$425.0M
$948.8M
FCF MarginFCF / Revenue
15.2%
53.0%
Capex IntensityCapex / Revenue
3.8%
14.2%
Cash ConversionOCF / Net Profit
1.07×
0.34×
TTM Free Cash FlowTrailing 4 quarters
$1.8B
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTAS
CTAS
SPG
SPG
Q4 25
$531.2M
$1.2B
Q3 25
$414.5M
$890.3M
Q2 25
$635.7M
$1.2B
Q1 25
$622.0M
$827.2M
Q4 24
$441.4M
$1.1B
Q3 24
$466.7M
$892.9M
Q2 24
$693.0M
$1.1B
Q1 24
$657.1M
$773.1M
Free Cash Flow
CTAS
CTAS
SPG
SPG
Q4 25
$425.0M
$948.8M
Q3 25
$312.5M
$685.0M
Q2 25
$521.1M
$971.3M
Q1 25
$522.1M
$597.0M
Q4 24
$340.0M
$867.7M
Q3 24
$373.8M
$706.5M
Q2 24
$591.1M
$874.8M
Q1 24
$550.1M
$610.1M
FCF Margin
CTAS
CTAS
SPG
SPG
Q4 25
15.2%
53.0%
Q3 25
11.5%
42.8%
Q2 25
19.5%
64.8%
Q1 25
20.0%
40.5%
Q4 24
13.3%
54.8%
Q3 24
14.9%
47.7%
Q2 24
23.9%
60.0%
Q1 24
22.9%
42.3%
Capex Intensity
CTAS
CTAS
SPG
SPG
Q4 25
3.8%
14.2%
Q3 25
3.8%
12.8%
Q2 25
4.3%
16.3%
Q1 25
3.8%
15.6%
Q4 24
4.0%
13.8%
Q3 24
3.7%
12.6%
Q2 24
4.1%
12.9%
Q1 24
4.4%
11.3%
Cash Conversion
CTAS
CTAS
SPG
SPG
Q4 25
1.07×
0.34×
Q3 25
0.84×
1.27×
Q2 25
1.42×
1.89×
Q1 25
1.34×
1.73×
Q4 24
0.98×
1.41×
Q3 24
1.03×
1.63×
Q2 24
1.67×
1.87×
Q1 24
1.65×
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTAS
CTAS

Uniform Rental And Facility Services Segment$2.2B77%
First Aid And Safety Services Segment$342.2M12%
Fire Protection Services$222.5M8%
Uniform Direct Sales$79.8M3%

SPG
SPG

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

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