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Side-by-side financial comparison of JinkoSolar Holding Co., Ltd. (JKS) and Simon Property Group (SPG). Click either name above to swap in a different company.

JinkoSolar Holding Co., Ltd. is the larger business by last-quarter revenue ($2.5B vs $1.8B, roughly 1.4× Simon Property Group). Over the past eight quarters, Simon Property Group's revenue compounded faster (11.4% CAGR vs -23.1%).

JinkoSolar Holding Co., Ltd. is a solar module manufacturer headquartered in Shanghai, China, and listed on the New York Stock Exchange since 2010. Its subsidiary Jinko Solar Co., Ltd. was listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in 2022.

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.

JKS vs SPG — Head-to-Head

Bigger by revenue
JKS
JKS
1.4× larger
JKS
$2.5B
$1.8B
SPG
Faster 2-yr revenue CAGR
SPG
SPG
Annualised
SPG
11.4%
-23.1%
JKS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
JKS
JKS
SPG
SPG
Revenue
$2.5B
$1.8B
Net Profit
$3.5B
Gross Margin
0.3%
Operating Margin
49.7%
Net Margin
197.6%
Revenue YoY
13.2%
Net Profit YoY
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
JKS
JKS
SPG
SPG
Q2 26
$2.5B
Q4 25
$1.8B
Q3 25
$1.6B
Q2 25
$2.3B
$1.5B
Q1 25
$1.9B
$1.5B
Q4 24
$1.6B
Q3 24
$3.5B
$1.5B
Q2 24
$3.3B
$1.5B
Net Profit
JKS
JKS
SPG
SPG
Q2 26
Q4 25
$3.5B
Q3 25
$702.7M
Q2 25
$643.7M
Q1 25
$477.9M
Q4 24
$771.8M
Q3 24
$546.7M
Q2 24
$569.4M
Gross Margin
JKS
JKS
SPG
SPG
Q2 26
0.3%
Q4 25
Q3 25
Q2 25
7.3%
Q1 25
Q4 24
Q3 24
15.7%
Q2 24
11.1%
Operating Margin
JKS
JKS
SPG
SPG
Q2 26
Q4 25
49.7%
Q3 25
50.8%
Q2 25
49.7%
Q1 25
49.4%
Q4 24
52.8%
Q3 24
51.9%
Q2 24
51.7%
Net Margin
JKS
JKS
SPG
SPG
Q2 26
Q4 25
197.6%
Q3 25
43.9%
Q2 25
43.0%
Q1 25
32.4%
Q4 24
48.8%
Q3 24
36.9%
Q2 24
39.0%
EPS (diluted)
JKS
JKS
SPG
SPG
Q2 26
Q4 25
$9.34
Q3 25
$1.86
Q2 25
$1.70
Q1 25
$1.27
Q4 24
$2.04
Q3 24
$1.46
Q2 24
$1.51

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JKS
JKS
SPG
SPG
Q2 26
Q4 25
$823.1M
Q3 25
$1.6B
Q2 25
$1.2B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$2.5B
Q2 24
$2.5B
Total Debt
JKS
JKS
SPG
SPG
Q2 26
Q4 25
$28.4B
Q3 25
$25.8B
Q2 25
$25.4B
Q1 25
$24.8B
Q4 24
$24.3B
Q3 24
$25.4B
Q2 24
$25.3B
Stockholders' Equity
JKS
JKS
SPG
SPG
Q2 26
Q4 25
$5.2B
Q3 25
$2.3B
Q2 25
$2.5B
Q1 25
$2.6B
Q4 24
$2.9B
Q3 24
$2.7B
Q2 24
$2.9B
Total Assets
JKS
JKS
SPG
SPG
Q2 26
Q4 25
$40.6B
Q3 25
$33.6B
Q2 25
$33.3B
Q1 25
$32.5B
Q4 24
$32.4B
Q3 24
$33.3B
Q2 24
$33.4B
Debt / Equity
JKS
JKS
SPG
SPG
Q2 26
Q4 25
5.46×
Q3 25
10.98×
Q2 25
10.36×
Q1 25
9.50×
Q4 24
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
JKS
JKS
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
JKS
JKS
SPG
SPG
Q2 26
Q4 25
$1.2B
Q3 25
$890.3M
Q2 25
$1.2B
Q1 25
$827.2M
Q4 24
$1.1B
Q3 24
$892.9M
Q2 24
$1.1B
Free Cash Flow
JKS
JKS
SPG
SPG
Q2 26
Q4 25
$948.8M
Q3 25
$685.0M
Q2 25
$971.3M
Q1 25
$597.0M
Q4 24
$867.7M
Q3 24
$706.5M
Q2 24
$874.8M
FCF Margin
JKS
JKS
SPG
SPG
Q2 26
Q4 25
53.0%
Q3 25
42.8%
Q2 25
64.8%
Q1 25
40.5%
Q4 24
54.8%
Q3 24
47.7%
Q2 24
60.0%
Capex Intensity
JKS
JKS
SPG
SPG
Q2 26
Q4 25
14.2%
Q3 25
12.8%
Q2 25
16.3%
Q1 25
15.6%
Q4 24
13.8%
Q3 24
12.6%
Q2 24
12.9%
Cash Conversion
JKS
JKS
SPG
SPG
Q2 26
Q4 25
0.34×
Q3 25
1.27×
Q2 25
1.89×
Q1 25
1.73×
Q4 24
1.41×
Q3 24
1.63×
Q2 24
1.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JKS
JKS

Segment breakdown not available.

SPG
SPG

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

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