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Side-by-side financial comparison of FLOWSERVE CORP (FLS) 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 $1.1B, roughly 1.7× FLOWSERVE CORP). Simon Property Group runs the higher net margin — 197.6% vs 7.6%, a 190.0% gap on every dollar of revenue. On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs -6.7%). Over the past eight quarters, Simon Property Group's revenue compounded faster (11.4% CAGR vs -3.9%).

The Flowserve Corporation is an American multinational corporation and one of the largest suppliers of industrial and environmental machinery such as pumps, valves, end face mechanical seals, automation, and services to the power, oil, gas, chemical and other industries. Headquartered in Irving, Texas, which is in the Dallas–Fort Worth Metroplex, Flowserve employs close to 16,000 employees in more than 50 countries. Flowserve sells products and offers aftermarket services to engineering and c...

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.

FLS vs SPG — Head-to-Head

Bigger by revenue
SPG
SPG
1.7× larger
SPG
$1.8B
$1.1B
FLS
Growing faster (revenue YoY)
SPG
SPG
+19.9% gap
SPG
13.2%
-6.7%
FLS
Higher net margin
SPG
SPG
190.0% more per $
SPG
197.6%
7.6%
FLS
Faster 2-yr revenue CAGR
SPG
SPG
Annualised
SPG
11.4%
-3.9%
FLS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FLS
FLS
SPG
SPG
Revenue
$1.1B
$1.8B
Net Profit
$81.7M
$3.5B
Gross Margin
35.6%
Operating Margin
11.2%
49.7%
Net Margin
7.6%
197.6%
Revenue YoY
-6.7%
13.2%
Net Profit YoY
10.5%
358.7%
EPS (diluted)
$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
FLS
FLS
SPG
SPG
Q1 26
$1.1B
Q4 25
$1.2B
$1.8B
Q3 25
$1.2B
$1.6B
Q2 25
$1.2B
$1.5B
Q1 25
$1.1B
$1.5B
Q4 24
$1.2B
$1.6B
Q3 24
$1.1B
$1.5B
Q2 24
$1.2B
$1.5B
Net Profit
FLS
FLS
SPG
SPG
Q1 26
$81.7M
Q4 25
$-29.0M
$3.5B
Q3 25
$219.6M
$702.7M
Q2 25
$81.8M
$643.7M
Q1 25
$73.9M
$477.9M
Q4 24
$77.5M
$771.8M
Q3 24
$58.4M
$546.7M
Q2 24
$72.6M
$569.4M
Gross Margin
FLS
FLS
SPG
SPG
Q1 26
35.6%
Q4 25
34.8%
Q3 25
32.4%
Q2 25
34.2%
Q1 25
32.3%
Q4 24
31.5%
Q3 24
31.5%
Q2 24
31.6%
Operating Margin
FLS
FLS
SPG
SPG
Q1 26
11.2%
Q4 25
3.5%
49.7%
Q3 25
6.7%
50.8%
Q2 25
12.3%
49.7%
Q1 25
11.5%
49.4%
Q4 24
10.6%
52.8%
Q3 24
9.1%
51.9%
Q2 24
10.5%
51.7%
Net Margin
FLS
FLS
SPG
SPG
Q1 26
7.6%
Q4 25
-2.4%
197.6%
Q3 25
18.7%
43.9%
Q2 25
6.9%
43.0%
Q1 25
6.5%
32.4%
Q4 24
6.6%
48.8%
Q3 24
5.2%
36.9%
Q2 24
6.3%
39.0%
EPS (diluted)
FLS
FLS
SPG
SPG
Q1 26
Q4 25
$-0.21
$9.34
Q3 25
$1.67
$1.86
Q2 25
$0.62
$1.70
Q1 25
$0.56
$1.27
Q4 24
$0.59
$2.04
Q3 24
$0.44
$1.46
Q2 24
$0.55
$1.51

Balance Sheet & Financial Strength

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

Metric
FLS
FLS
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$792.4M
$823.1M
Total DebtLower is stronger
$28.4B
Stockholders' EquityBook value
$2.3B
$5.2B
Total Assets
$5.7B
$40.6B
Debt / EquityLower = less leverage
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLS
FLS
SPG
SPG
Q1 26
$792.4M
Q4 25
$760.2M
$823.1M
Q3 25
$1.6B
Q2 25
$1.2B
Q1 25
$1.4B
Q4 24
$675.4M
$1.4B
Q3 24
$2.5B
Q2 24
$2.5B
Total Debt
FLS
FLS
SPG
SPG
Q1 26
Q4 25
$1.6B
$28.4B
Q3 25
$25.8B
Q2 25
$25.4B
Q1 25
$24.8B
Q4 24
$1.5B
$24.3B
Q3 24
$25.4B
Q2 24
$25.3B
Stockholders' Equity
FLS
FLS
SPG
SPG
Q1 26
$2.3B
Q4 25
$2.2B
$5.2B
Q3 25
$2.3B
$2.3B
Q2 25
$2.2B
$2.5B
Q1 25
$2.1B
$2.6B
Q4 24
$2.0B
$2.9B
Q3 24
$2.1B
$2.7B
Q2 24
$2.0B
$2.9B
Total Assets
FLS
FLS
SPG
SPG
Q1 26
$5.7B
Q4 25
$5.7B
$40.6B
Q3 25
$5.8B
$33.6B
Q2 25
$5.7B
$33.3B
Q1 25
$5.5B
$32.5B
Q4 24
$5.5B
$32.4B
Q3 24
$5.3B
$33.3B
Q2 24
$5.2B
$33.4B
Debt / Equity
FLS
FLS
SPG
SPG
Q1 26
Q4 25
0.72×
5.46×
Q3 25
10.98×
Q2 25
10.36×
Q1 25
9.50×
Q4 24
0.75×
8.25×
Q3 24
9.37×
Q2 24
8.59×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLS
FLS
SPG
SPG
Q1 26
Q4 25
$-174.0K
$1.2B
Q3 25
$401.8M
$890.3M
Q2 25
$154.1M
$1.2B
Q1 25
$-49.9M
$827.2M
Q4 24
$197.3M
$1.1B
Q3 24
$178.5M
$892.9M
Q2 24
$-12.8M
$1.1B
Free Cash Flow
FLS
FLS
SPG
SPG
Q1 26
Q4 25
$-25.6M
$948.8M
Q3 25
$384.7M
$685.0M
Q2 25
$137.5M
$971.3M
Q1 25
$-61.7M
$597.0M
Q4 24
$168.5M
$867.7M
Q3 24
$154.6M
$706.5M
Q2 24
$-27.5M
$874.8M
FCF Margin
FLS
FLS
SPG
SPG
Q1 26
Q4 25
-2.1%
53.0%
Q3 25
32.8%
42.8%
Q2 25
11.6%
64.8%
Q1 25
-5.4%
40.5%
Q4 24
14.3%
54.8%
Q3 24
13.6%
47.7%
Q2 24
-2.4%
60.0%
Capex Intensity
FLS
FLS
SPG
SPG
Q1 26
Q4 25
2.1%
14.2%
Q3 25
1.5%
12.8%
Q2 25
1.4%
16.3%
Q1 25
1.0%
15.6%
Q4 24
2.4%
13.8%
Q3 24
2.1%
12.6%
Q2 24
1.3%
12.9%
Cash Conversion
FLS
FLS
SPG
SPG
Q1 26
Q4 25
0.34×
Q3 25
1.83×
1.27×
Q2 25
1.89×
1.89×
Q1 25
-0.68×
1.73×
Q4 24
2.55×
1.41×
Q3 24
3.06×
1.63×
Q2 24
-0.18×
1.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLS
FLS

Segment breakdown not available.

SPG
SPG

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

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