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Side-by-side financial comparison of INSPERITY, INC. (NSP) 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 $1.7B, roughly 1.1× INSPERITY, INC.). On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs 3.4%). Simon Property Group produced more free cash flow last quarter ($948.8M vs $246.0M). Over the past eight quarters, Simon Property Group's revenue compounded faster (11.4% CAGR vs -3.8%).

Insperity, Inc., previously known as Administaff, Inc., is a professional employer organization (PEO) headquartered in Kingwood, an area of Houston, Texas, USA. Insperity provides human resources and administrative services to small and medium-sized businesses. Since 2004, the company has been title sponsor of a professional golf tournament on the Champions Tour, previously known as the Administaff Small Business Classic.

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.

NSP vs SPG — Head-to-Head

Bigger by revenue
SPG
SPG
1.1× larger
SPG
$1.8B
$1.7B
NSP
Growing faster (revenue YoY)
SPG
SPG
+9.8% gap
SPG
13.2%
3.4%
NSP
More free cash flow
SPG
SPG
$702.8M more FCF
SPG
$948.8M
$246.0M
NSP
Faster 2-yr revenue CAGR
SPG
SPG
Annualised
SPG
11.4%
-3.8%
NSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NSP
NSP
SPG
SPG
Revenue
$1.7B
$1.8B
Net Profit
$3.5B
Gross Margin
10.3%
Operating Margin
-2.8%
49.7%
Net Margin
197.6%
Revenue YoY
3.4%
13.2%
Net Profit YoY
358.7%
EPS (diluted)
$-0.87
$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
NSP
NSP
SPG
SPG
Q4 25
$1.7B
$1.8B
Q3 25
$1.6B
$1.6B
Q2 25
$1.7B
$1.5B
Q1 25
$1.9B
$1.5B
Q4 24
$1.6B
$1.6B
Q3 24
$1.6B
$1.5B
Q2 24
$1.6B
$1.5B
Q1 24
$1.8B
$1.4B
Net Profit
NSP
NSP
SPG
SPG
Q4 25
$3.5B
Q3 25
$-20.0M
$702.7M
Q2 25
$-5.0M
$643.7M
Q1 25
$51.0M
$477.9M
Q4 24
$771.8M
Q3 24
$3.0M
$546.7M
Q2 24
$18.0M
$569.4M
Q1 24
$79.0M
$841.2M
Gross Margin
NSP
NSP
SPG
SPG
Q4 25
10.3%
Q3 25
12.0%
Q2 25
13.4%
Q1 25
16.6%
Q4 24
13.5%
Q3 24
14.7%
Q2 24
16.2%
Q1 24
19.1%
Operating Margin
NSP
NSP
SPG
SPG
Q4 25
-2.8%
49.7%
Q3 25
-1.5%
50.8%
Q2 25
-0.4%
49.7%
Q1 25
3.7%
49.4%
Q4 24
-0.9%
52.8%
Q3 24
0.1%
51.9%
Q2 24
1.4%
51.7%
Q1 24
6.0%
51.0%
Net Margin
NSP
NSP
SPG
SPG
Q4 25
197.6%
Q3 25
-1.2%
43.9%
Q2 25
-0.3%
43.0%
Q1 25
2.7%
32.4%
Q4 24
48.8%
Q3 24
0.2%
36.9%
Q2 24
1.1%
39.0%
Q1 24
4.4%
58.3%
EPS (diluted)
NSP
NSP
SPG
SPG
Q4 25
$-0.87
$9.34
Q3 25
$-0.53
$1.86
Q2 25
$-0.14
$1.70
Q1 25
$1.35
$1.27
Q4 24
$-0.21
$2.04
Q3 24
$0.07
$1.46
Q2 24
$0.48
$1.51
Q1 24
$2.08
$2.25

Balance Sheet & Financial Strength

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

Metric
NSP
NSP
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$682.0M
$823.1M
Total DebtLower is stronger
$28.4B
Stockholders' EquityBook value
$46.0M
$5.2B
Total Assets
$2.2B
$40.6B
Debt / EquityLower = less leverage
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NSP
NSP
SPG
SPG
Q4 25
$682.0M
$823.1M
Q3 25
$521.0M
$1.6B
Q2 25
$511.0M
$1.2B
Q1 25
$684.0M
$1.4B
Q4 24
$1.2B
$1.4B
Q3 24
$596.0M
$2.5B
Q2 24
$850.0M
$2.5B
Q1 24
$801.0M
$2.6B
Total Debt
NSP
NSP
SPG
SPG
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
Q1 24
$25.5B
Stockholders' Equity
NSP
NSP
SPG
SPG
Q4 25
$46.0M
$5.2B
Q3 25
$87.0M
$2.3B
Q2 25
$112.0M
$2.5B
Q1 25
$119.0M
$2.6B
Q4 24
$97.0M
$2.9B
Q3 24
$125.0M
$2.7B
Q2 24
$142.0M
$2.9B
Q1 24
$140.0M
$3.1B
Total Assets
NSP
NSP
SPG
SPG
Q4 25
$2.2B
$40.6B
Q3 25
$2.0B
$33.6B
Q2 25
$2.0B
$33.3B
Q1 25
$2.1B
$32.5B
Q4 24
$2.6B
$32.4B
Q3 24
$1.9B
$33.3B
Q2 24
$2.1B
$33.4B
Q1 24
$2.1B
$33.7B
Debt / Equity
NSP
NSP
SPG
SPG
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×
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
NSP
NSP
SPG
SPG
Operating Cash FlowLast quarter
$255.0M
$1.2B
Free Cash FlowOCF − Capex
$246.0M
$948.8M
FCF MarginFCF / Revenue
14.7%
53.0%
Capex IntensityCapex / Revenue
0.5%
14.2%
Cash ConversionOCF / Net Profit
0.34×
TTM Free Cash FlowTrailing 4 quarters
$-309.0M
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NSP
NSP
SPG
SPG
Q4 25
$255.0M
$1.2B
Q3 25
$-11.0M
$890.3M
Q2 25
$-79.0M
$1.2B
Q1 25
$-443.0M
$827.2M
Q4 24
$619.0M
$1.1B
Q3 24
$-150.0M
$892.9M
Q2 24
$20.0M
$1.1B
Q1 24
$31.0M
$773.1M
Free Cash Flow
NSP
NSP
SPG
SPG
Q4 25
$246.0M
$948.8M
Q3 25
$-20.0M
$685.0M
Q2 25
$-86.0M
$971.3M
Q1 25
$-449.0M
$597.0M
Q4 24
$606.0M
$867.7M
Q3 24
$-164.0M
$706.5M
Q2 24
$14.0M
$874.8M
Q1 24
$26.0M
$610.1M
FCF Margin
NSP
NSP
SPG
SPG
Q4 25
14.7%
53.0%
Q3 25
-1.2%
42.8%
Q2 25
-5.2%
64.8%
Q1 25
-24.1%
40.5%
Q4 24
37.6%
54.8%
Q3 24
-10.5%
47.7%
Q2 24
0.9%
60.0%
Q1 24
1.4%
42.3%
Capex Intensity
NSP
NSP
SPG
SPG
Q4 25
0.5%
14.2%
Q3 25
0.6%
12.8%
Q2 25
0.4%
16.3%
Q1 25
0.3%
15.6%
Q4 24
0.8%
13.8%
Q3 24
0.9%
12.6%
Q2 24
0.4%
12.9%
Q1 24
0.3%
11.3%
Cash Conversion
NSP
NSP
SPG
SPG
Q4 25
0.34×
Q3 25
1.27×
Q2 25
1.89×
Q1 25
-8.69×
1.73×
Q4 24
1.41×
Q3 24
-50.00×
1.63×
Q2 24
1.11×
1.87×
Q1 24
0.39×
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NSP
NSP

Northeast$455.0M27%
West$339.0M20%
Southwest$317.0M19%
Central$299.0M18%
Southeast$241.0M14%
Other Revenues$17.0M1%

SPG
SPG

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

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