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Side-by-side financial comparison of Everus Construction Group, Inc. (ECG) 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 $1.0B, roughly 1.8× Everus Construction Group, Inc.). Simon Property Group runs the higher net margin — 197.6% vs 5.5%, a 192.1% gap on every dollar of revenue. On growth, Everus Construction Group, Inc. posted the faster year-over-year revenue change (33.2% vs 13.2%). Simon Property Group produced more free cash flow last quarter ($948.8M vs $23.5M). Over the past eight quarters, Everus Construction Group, Inc.'s revenue compounded faster (27.1% CAGR vs 11.4%).

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.

ECG vs SPG — Head-to-Head

Bigger by revenue
SPG
SPG
1.8× larger
SPG
$1.8B
$1.0B
ECG
Growing faster (revenue YoY)
ECG
ECG
+19.9% gap
ECG
33.2%
13.2%
SPG
Higher net margin
SPG
SPG
192.1% more per $
SPG
197.6%
5.5%
ECG
More free cash flow
SPG
SPG
$925.4M more FCF
SPG
$948.8M
$23.5M
ECG
Faster 2-yr revenue CAGR
ECG
ECG
Annualised
ECG
27.1%
11.4%
SPG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ECG
ECG
SPG
SPG
Revenue
$1.0B
$1.8B
Net Profit
$55.3M
$3.5B
Gross Margin
11.6%
Operating Margin
6.8%
49.7%
Net Margin
5.5%
197.6%
Revenue YoY
33.2%
13.2%
Net Profit YoY
60.4%
358.7%
EPS (diluted)
$1.09
$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
ECG
ECG
SPG
SPG
Q4 25
$1.0B
$1.8B
Q3 25
$986.8M
$1.6B
Q2 25
$921.5M
$1.5B
Q1 25
$826.6M
$1.5B
Q4 24
$759.6M
$1.6B
Q3 24
$761.0M
$1.5B
Q2 24
$703.4M
$1.5B
Q1 24
$625.7M
$1.4B
Net Profit
ECG
ECG
SPG
SPG
Q4 25
$55.3M
$3.5B
Q3 25
$57.0M
$702.7M
Q2 25
$52.8M
$643.7M
Q1 25
$36.7M
$477.9M
Q4 24
$34.5M
$771.8M
Q3 24
$41.8M
$546.7M
Q2 24
$39.0M
$569.4M
Q1 24
$28.2M
$841.2M
Gross Margin
ECG
ECG
SPG
SPG
Q4 25
11.6%
Q3 25
12.6%
Q2 25
13.0%
Q1 25
11.2%
Q4 24
11.4%
Q3 24
11.8%
Q2 24
12.6%
Q1 24
11.9%
Operating Margin
ECG
ECG
SPG
SPG
Q4 25
6.8%
49.7%
Q3 25
7.3%
50.8%
Q2 25
7.9%
49.7%
Q1 25
6.2%
49.4%
Q4 24
6.1%
52.8%
Q3 24
7.1%
51.9%
Q2 24
7.3%
51.7%
Q1 24
6.2%
51.0%
Net Margin
ECG
ECG
SPG
SPG
Q4 25
5.5%
197.6%
Q3 25
5.8%
43.9%
Q2 25
5.7%
43.0%
Q1 25
4.4%
32.4%
Q4 24
4.5%
48.8%
Q3 24
5.5%
36.9%
Q2 24
5.5%
39.0%
Q1 24
4.5%
58.3%
EPS (diluted)
ECG
ECG
SPG
SPG
Q4 25
$1.09
$9.34
Q3 25
$1.11
$1.86
Q2 25
$1.03
$1.70
Q1 25
$0.72
$1.27
Q4 24
$0.68
$2.04
Q3 24
$0.82
$1.46
Q2 24
$0.76
$1.51
Q1 24
$0.55
$2.25

Balance Sheet & Financial Strength

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

Metric
ECG
ECG
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$823.1M
Total DebtLower is stronger
$281.5M
$28.4B
Stockholders' EquityBook value
$629.8M
$5.2B
Total Assets
$1.7B
$40.6B
Debt / EquityLower = less leverage
0.45×
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECG
ECG
SPG
SPG
Q4 25
$823.1M
Q3 25
$1.6B
Q2 25
$1.2B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$553.0K
$2.5B
Q2 24
$2.5B
Q1 24
$2.6B
Total Debt
ECG
ECG
SPG
SPG
Q4 25
$281.5M
$28.4B
Q3 25
$285.1M
$25.8B
Q2 25
$288.6M
$25.4B
Q1 25
$292.1M
$24.8B
Q4 24
$295.6M
$24.3B
Q3 24
$25.4B
Q2 24
$25.3B
Q1 24
$25.5B
Stockholders' Equity
ECG
ECG
SPG
SPG
Q4 25
$629.8M
$5.2B
Q3 25
$573.0M
$2.3B
Q2 25
$514.4M
$2.5B
Q1 25
$460.2M
$2.6B
Q4 24
$422.6M
$2.9B
Q3 24
$453.3M
$2.7B
Q2 24
$490.0M
$2.9B
Q1 24
$464.3M
$3.1B
Total Assets
ECG
ECG
SPG
SPG
Q4 25
$1.7B
$40.6B
Q3 25
$1.6B
$33.6B
Q2 25
$1.5B
$33.3B
Q1 25
$1.4B
$32.5B
Q4 24
$1.3B
$32.4B
Q3 24
$1.3B
$33.3B
Q2 24
$33.4B
Q1 24
$33.7B
Debt / Equity
ECG
ECG
SPG
SPG
Q4 25
0.45×
5.46×
Q3 25
0.50×
10.98×
Q2 25
0.56×
10.36×
Q1 25
0.63×
9.50×
Q4 24
0.70×
8.25×
Q3 24
9.37×
Q2 24
8.59×
Q1 24
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
ECG
ECG
SPG
SPG
Operating Cash FlowLast quarter
$48.2M
$1.2B
Free Cash FlowOCF − Capex
$23.5M
$948.8M
FCF MarginFCF / Revenue
2.3%
53.0%
Capex IntensityCapex / Revenue
2.4%
14.2%
Cash ConversionOCF / Net Profit
0.87×
0.34×
TTM Free Cash FlowTrailing 4 quarters
$90.0M
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECG
ECG
SPG
SPG
Q4 25
$48.2M
$1.2B
Q3 25
$76.2M
$890.3M
Q2 25
$25.3M
$1.2B
Q1 25
$7.1M
$827.2M
Q4 24
$1.1B
Q3 24
$78.9M
$892.9M
Q2 24
$1.1B
Q1 24
$21.9M
$773.1M
Free Cash Flow
ECG
ECG
SPG
SPG
Q4 25
$23.5M
$948.8M
Q3 25
$65.7M
$685.0M
Q2 25
$12.3M
$971.3M
Q1 25
$-11.4M
$597.0M
Q4 24
$867.7M
Q3 24
$60.9M
$706.5M
Q2 24
$874.8M
Q1 24
$12.6M
$610.1M
FCF Margin
ECG
ECG
SPG
SPG
Q4 25
2.3%
53.0%
Q3 25
6.7%
42.8%
Q2 25
1.3%
64.8%
Q1 25
-1.4%
40.5%
Q4 24
54.8%
Q3 24
8.0%
47.7%
Q2 24
60.0%
Q1 24
2.0%
42.3%
Capex Intensity
ECG
ECG
SPG
SPG
Q4 25
2.4%
14.2%
Q3 25
1.1%
12.8%
Q2 25
1.4%
16.3%
Q1 25
2.2%
15.6%
Q4 24
13.8%
Q3 24
2.4%
12.6%
Q2 24
12.9%
Q1 24
1.5%
11.3%
Cash Conversion
ECG
ECG
SPG
SPG
Q4 25
0.87×
0.34×
Q3 25
1.34×
1.27×
Q2 25
0.48×
1.89×
Q1 25
0.19×
1.73×
Q4 24
1.41×
Q3 24
1.89×
1.63×
Q2 24
1.87×
Q1 24
0.77×
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECG
ECG

Commercial$594.5M59%
Utility$203.5M20%
Industrial$82.8M8%
Institutional$66.1M7%
Service And Other$28.4M3%
Transportation$24.2M2%
Renewables$19.8M2%

SPG
SPG

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

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