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Side-by-side financial comparison of MATTEL INC (MAT) 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 $1.8B, roughly 1.0× MATTEL INC). Simon Property Group runs the higher net margin — 197.6% vs 6.0%, a 191.6% gap on every dollar of revenue. On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs 7.3%). Over the past eight quarters, MATTEL INC's revenue compounded faster (47.7% CAGR vs 11.4%).

Mattel Films was the film production division of American toy and entertainment company Mattel that operated from September 6, 2018 to June 2, 2025. It succeeded Mattel Playground Productions, which was formed on October 16, 2013 as part of Mattel Global Brands, a unified media structural and strategy unit, as itself the successor to Mattel Entertainment and Mattel Studios, Mattel's prior entertainment brands/banners.

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.

MAT vs SPG — Head-to-Head

Bigger by revenue
SPG
SPG
1.0× larger
SPG
$1.8B
$1.8B
MAT
Growing faster (revenue YoY)
SPG
SPG
+5.9% gap
SPG
13.2%
7.3%
MAT
Higher net margin
SPG
SPG
191.6% more per $
SPG
197.6%
6.0%
MAT
Faster 2-yr revenue CAGR
MAT
MAT
Annualised
MAT
47.7%
11.4%
SPG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MAT
MAT
SPG
SPG
Revenue
$1.8B
$1.8B
Net Profit
$106.2M
$3.5B
Gross Margin
45.9%
Operating Margin
8.0%
49.7%
Net Margin
6.0%
197.6%
Revenue YoY
7.3%
13.2%
Net Profit YoY
-24.6%
358.7%
EPS (diluted)
$0.32
$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
MAT
MAT
SPG
SPG
Q4 25
$1.8B
$1.8B
Q3 25
$1.7B
$1.6B
Q2 25
$1.0B
$1.5B
Q1 25
$826.6M
$1.5B
Q4 24
$1.6B
$1.6B
Q3 24
$1.8B
$1.5B
Q2 24
$1.1B
$1.5B
Q1 24
$809.5M
$1.4B
Net Profit
MAT
MAT
SPG
SPG
Q4 25
$106.2M
$3.5B
Q3 25
$278.4M
$702.7M
Q2 25
$53.4M
$643.7M
Q1 25
$-40.3M
$477.9M
Q4 24
$140.9M
$771.8M
Q3 24
$372.4M
$546.7M
Q2 24
$56.9M
$569.4M
Q1 24
$-28.3M
$841.2M
Gross Margin
MAT
MAT
SPG
SPG
Q4 25
45.9%
Q3 25
50.0%
Q2 25
50.9%
Q1 25
49.4%
Q4 24
50.7%
Q3 24
53.1%
Q2 24
49.2%
Q1 24
48.0%
Operating Margin
MAT
MAT
SPG
SPG
Q4 25
8.0%
49.7%
Q3 25
21.9%
50.8%
Q2 25
7.7%
49.7%
Q1 25
-6.4%
49.4%
Q4 24
9.6%
52.8%
Q3 24
26.5%
51.9%
Q2 24
7.7%
51.7%
Q1 24
-4.4%
51.0%
Net Margin
MAT
MAT
SPG
SPG
Q4 25
6.0%
197.6%
Q3 25
16.0%
43.9%
Q2 25
5.2%
43.0%
Q1 25
-4.9%
32.4%
Q4 24
8.6%
48.8%
Q3 24
20.2%
36.9%
Q2 24
5.3%
39.0%
Q1 24
-3.5%
58.3%
EPS (diluted)
MAT
MAT
SPG
SPG
Q4 25
$0.32
$9.34
Q3 25
$0.88
$1.86
Q2 25
$0.16
$1.70
Q1 25
$-0.12
$1.27
Q4 24
$0.40
$2.04
Q3 24
$1.09
$1.46
Q2 24
$0.17
$1.51
Q1 24
$-0.08
$2.25

Balance Sheet & Financial Strength

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

Metric
MAT
MAT
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$1.2B
$823.1M
Total DebtLower is stronger
$2.3B
$28.4B
Stockholders' EquityBook value
$2.2B
$5.2B
Total Assets
$6.6B
$40.6B
Debt / EquityLower = less leverage
1.04×
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAT
MAT
SPG
SPG
Q4 25
$1.2B
$823.1M
Q3 25
$691.9M
$1.6B
Q2 25
$870.5M
$1.2B
Q1 25
$1.2B
$1.4B
Q4 24
$1.4B
$1.4B
Q3 24
$723.5M
$2.5B
Q2 24
$722.4M
$2.5B
Q1 24
$1.1B
$2.6B
Total Debt
MAT
MAT
SPG
SPG
Q4 25
$2.3B
$28.4B
Q3 25
$2.3B
$25.8B
Q2 25
$2.3B
$25.4B
Q1 25
$2.3B
$24.8B
Q4 24
$2.3B
$24.3B
Q3 24
$2.3B
$25.4B
Q2 24
$2.3B
$25.3B
Q1 24
$2.3B
$25.5B
Stockholders' Equity
MAT
MAT
SPG
SPG
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
$2.3B
$2.9B
Q3 24
$2.3B
$2.7B
Q2 24
$2.0B
$2.9B
Q1 24
$2.0B
$3.1B
Total Assets
MAT
MAT
SPG
SPG
Q4 25
$6.6B
$40.6B
Q3 25
$6.6B
$33.6B
Q2 25
$6.2B
$33.3B
Q1 25
$6.2B
$32.5B
Q4 24
$6.5B
$32.4B
Q3 24
$6.5B
$33.3B
Q2 24
$5.9B
$33.4B
Q1 24
$6.1B
$33.7B
Debt / Equity
MAT
MAT
SPG
SPG
Q4 25
1.04×
5.46×
Q3 25
1.03×
10.98×
Q2 25
1.08×
10.36×
Q1 25
1.10×
9.50×
Q4 24
1.03×
8.25×
Q3 24
1.01×
9.37×
Q2 24
1.18×
8.59×
Q1 24
1.15×
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
MAT
MAT
SPG
SPG
Operating Cash FlowLast quarter
$796.6M
$1.2B
Free Cash FlowOCF − Capex
$948.8M
FCF MarginFCF / Revenue
53.0%
Capex IntensityCapex / Revenue
14.2%
Cash ConversionOCF / Net Profit
7.50×
0.34×
TTM Free Cash FlowTrailing 4 quarters
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAT
MAT
SPG
SPG
Q4 25
$796.6M
$1.2B
Q3 25
$72.0M
$890.3M
Q2 25
$-300.1M
$1.2B
Q1 25
$24.8M
$827.2M
Q4 24
$862.1M
$1.1B
Q3 24
$155.8M
$892.9M
Q2 24
$-252.9M
$1.1B
Q1 24
$35.5M
$773.1M
Free Cash Flow
MAT
MAT
SPG
SPG
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
Q1 24
$610.1M
FCF Margin
MAT
MAT
SPG
SPG
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%
Q1 24
42.3%
Capex Intensity
MAT
MAT
SPG
SPG
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%
Q1 24
11.3%
Cash Conversion
MAT
MAT
SPG
SPG
Q4 25
7.50×
0.34×
Q3 25
0.26×
1.27×
Q2 25
-5.62×
1.89×
Q1 25
1.73×
Q4 24
6.12×
1.41×
Q3 24
0.42×
1.63×
Q2 24
-4.45×
1.87×
Q1 24
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAT
MAT

North America Segment$1.0B58%
International Segment$745.6M42%

SPG
SPG

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

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