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

Ingersoll Rand is the larger business by last-quarter revenue ($2.1B vs $1.8B, roughly 1.2× Simon Property Group). Simon Property Group runs the higher net margin — 197.6% vs 12.7%, a 184.9% gap on every dollar of revenue. On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs 10.1%). Simon Property Group produced more free cash flow last quarter ($948.8M vs $461.5M). Over the past eight quarters, Ingersoll Rand's revenue compounded faster (11.9% CAGR vs 11.4%).

Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc and its merger with Gardner Denver. Its products are sold under more than 40 brands across all major global markets.

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.

IR vs SPG — Head-to-Head

Bigger by revenue
IR
IR
1.2× larger
IR
$2.1B
$1.8B
SPG
Growing faster (revenue YoY)
SPG
SPG
+3.1% gap
SPG
13.2%
10.1%
IR
Higher net margin
SPG
SPG
184.9% more per $
SPG
197.6%
12.7%
IR
More free cash flow
SPG
SPG
$487.3M more FCF
SPG
$948.8M
$461.5M
IR
Faster 2-yr revenue CAGR
IR
IR
Annualised
IR
11.9%
11.4%
SPG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IR
IR
SPG
SPG
Revenue
$2.1B
$1.8B
Net Profit
$266.1M
$3.5B
Gross Margin
42.6%
Operating Margin
18.7%
49.7%
Net Margin
12.7%
197.6%
Revenue YoY
10.1%
13.2%
Net Profit YoY
15.8%
358.7%
EPS (diluted)
$0.67
$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
IR
IR
SPG
SPG
Q4 25
$2.1B
$1.8B
Q3 25
$2.0B
$1.6B
Q2 25
$1.9B
$1.5B
Q1 25
$1.7B
$1.5B
Q4 24
$1.9B
$1.6B
Q3 24
$1.9B
$1.5B
Q2 24
$1.8B
$1.5B
Q1 24
$1.7B
$1.4B
Net Profit
IR
IR
SPG
SPG
Q4 25
$266.1M
$3.5B
Q3 25
$244.1M
$702.7M
Q2 25
$-115.3M
$643.7M
Q1 25
$186.5M
$477.9M
Q4 24
$229.8M
$771.8M
Q3 24
$221.6M
$546.7M
Q2 24
$185.0M
$569.4M
Q1 24
$202.2M
$841.2M
Gross Margin
IR
IR
SPG
SPG
Q4 25
42.6%
Q3 25
43.7%
Q2 25
43.7%
Q1 25
44.6%
Q4 24
42.9%
Q3 24
43.8%
Q2 24
43.9%
Q1 24
44.7%
Operating Margin
IR
IR
SPG
SPG
Q4 25
18.7%
49.7%
Q3 25
19.2%
50.8%
Q2 25
4.0%
49.7%
Q1 25
17.6%
49.4%
Q4 24
20.0%
52.8%
Q3 24
19.1%
51.9%
Q2 24
15.1%
51.7%
Q1 24
17.6%
51.0%
Net Margin
IR
IR
SPG
SPG
Q4 25
12.7%
197.6%
Q3 25
12.5%
43.9%
Q2 25
-6.1%
43.0%
Q1 25
10.9%
32.4%
Q4 24
12.1%
48.8%
Q3 24
11.9%
36.9%
Q2 24
10.2%
39.0%
Q1 24
12.1%
58.3%
EPS (diluted)
IR
IR
SPG
SPG
Q4 25
$0.67
$9.34
Q3 25
$0.61
$1.86
Q2 25
$-0.29
$1.70
Q1 25
$0.46
$1.27
Q4 24
$0.57
$2.04
Q3 24
$0.54
$1.46
Q2 24
$0.45
$1.51
Q1 24
$0.50
$2.25

Balance Sheet & Financial Strength

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

Metric
IR
IR
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$1.2B
$823.1M
Total DebtLower is stronger
$4.8B
$28.4B
Stockholders' EquityBook value
$10.1B
$5.2B
Total Assets
$18.3B
$40.6B
Debt / EquityLower = less leverage
0.47×
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IR
IR
SPG
SPG
Q4 25
$1.2B
$823.1M
Q3 25
$1.2B
$1.6B
Q2 25
$1.3B
$1.2B
Q1 25
$1.6B
$1.4B
Q4 24
$1.5B
$1.4B
Q3 24
$1.4B
$2.5B
Q2 24
$1.1B
$2.5B
Q1 24
$1.5B
$2.6B
Total Debt
IR
IR
SPG
SPG
Q4 25
$4.8B
$28.4B
Q3 25
$4.8B
$25.8B
Q2 25
$4.8B
$25.4B
Q1 25
$4.8B
$24.8B
Q4 24
$4.8B
$24.3B
Q3 24
$4.8B
$25.4B
Q2 24
$4.8B
$25.3B
Q1 24
$2.7B
$25.5B
Stockholders' Equity
IR
IR
SPG
SPG
Q4 25
$10.1B
$5.2B
Q3 25
$10.1B
$2.3B
Q2 25
$10.1B
$2.5B
Q1 25
$10.5B
$2.6B
Q4 24
$10.2B
$2.9B
Q3 24
$10.3B
$2.7B
Q2 24
$10.0B
$2.9B
Q1 24
$9.9B
$3.1B
Total Assets
IR
IR
SPG
SPG
Q4 25
$18.3B
$40.6B
Q3 25
$18.2B
$33.6B
Q2 25
$18.1B
$33.3B
Q1 25
$18.4B
$32.5B
Q4 24
$18.0B
$32.4B
Q3 24
$18.2B
$33.3B
Q2 24
$17.8B
$33.4B
Q1 24
$15.5B
$33.7B
Debt / Equity
IR
IR
SPG
SPG
Q4 25
0.47×
5.46×
Q3 25
0.47×
10.98×
Q2 25
0.47×
10.36×
Q1 25
0.45×
9.50×
Q4 24
0.47×
8.25×
Q3 24
0.47×
9.37×
Q2 24
0.48×
8.59×
Q1 24
0.27×
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
IR
IR
SPG
SPG
Operating Cash FlowLast quarter
$499.0M
$1.2B
Free Cash FlowOCF − Capex
$461.5M
$948.8M
FCF MarginFCF / Revenue
22.1%
53.0%
Capex IntensityCapex / Revenue
1.8%
14.2%
Cash ConversionOCF / Net Profit
1.88×
0.34×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IR
IR
SPG
SPG
Q4 25
$499.0M
$1.2B
Q3 25
$354.6M
$890.3M
Q2 25
$245.7M
$1.2B
Q1 25
$256.4M
$827.2M
Q4 24
$526.2M
$1.1B
Q3 24
$404.0M
$892.9M
Q2 24
$304.9M
$1.1B
Q1 24
$161.6M
$773.1M
Free Cash Flow
IR
IR
SPG
SPG
Q4 25
$461.5M
$948.8M
Q3 25
$325.5M
$685.0M
Q2 25
$210.4M
$971.3M
Q1 25
$222.7M
$597.0M
Q4 24
$490.9M
$867.7M
Q3 24
$374.3M
$706.5M
Q2 24
$283.1M
$874.8M
Q1 24
$99.3M
$610.1M
FCF Margin
IR
IR
SPG
SPG
Q4 25
22.1%
53.0%
Q3 25
16.6%
42.8%
Q2 25
11.1%
64.8%
Q1 25
13.0%
40.5%
Q4 24
25.9%
54.8%
Q3 24
20.1%
47.7%
Q2 24
15.7%
60.0%
Q1 24
5.9%
42.3%
Capex Intensity
IR
IR
SPG
SPG
Q4 25
1.8%
14.2%
Q3 25
1.5%
12.8%
Q2 25
1.9%
16.3%
Q1 25
2.0%
15.6%
Q4 24
1.9%
13.8%
Q3 24
1.6%
12.6%
Q2 24
1.2%
12.9%
Q1 24
3.7%
11.3%
Cash Conversion
IR
IR
SPG
SPG
Q4 25
1.88×
0.34×
Q3 25
1.45×
1.27×
Q2 25
1.89×
Q1 25
1.37×
1.73×
Q4 24
2.29×
1.41×
Q3 24
1.82×
1.63×
Q2 24
1.65×
1.87×
Q1 24
0.80×
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IR
IR

Transferred At Point In Time$1.5B71%
Transferred Over Time$193.0M9%
Precision And Science Technologies Segment$183.1M9%
Acquisitions In2024$175.6M8%
Acquisitions In2025$70.8M3%

SPG
SPG

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

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