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Side-by-side financial comparison of ResMed (RMD) 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 $1.4B, roughly 1.3× ResMed). Simon Property Group runs the higher net margin — 197.6% vs 27.6%, a 170.0% gap on every dollar of revenue. On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs 11.0%). Over the past eight quarters, Simon Property Group's revenue compounded faster (11.4% CAGR vs 7.8%).

ResMed Inc. is a medical equipment company based in San Diego, California, and founded in Australia. It primarily provides cloud-connectable medical devices for the treatment of sleep apnea, chronic obstructive pulmonary disease (COPD), and other respiratory conditions. Resmed produced hundreds of thousands of ventilators and bilevel devices to help treat the respiratory symptoms of patients with COVID-19.

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.

RMD vs SPG — Head-to-Head

Bigger by revenue
SPG
SPG
1.3× larger
SPG
$1.8B
$1.4B
RMD
Growing faster (revenue YoY)
SPG
SPG
+2.2% gap
SPG
13.2%
11.0%
RMD
Higher net margin
SPG
SPG
170.0% more per $
SPG
197.6%
27.6%
RMD
Faster 2-yr revenue CAGR
SPG
SPG
Annualised
SPG
11.4%
7.8%
RMD

Income Statement — Q4 FY2026 vs Q4 FY2025

Metric
RMD
RMD
SPG
SPG
Revenue
$1.4B
$1.8B
Net Profit
$392.6M
$3.5B
Gross Margin
61.8%
Operating Margin
34.6%
49.7%
Net Margin
27.6%
197.6%
Revenue YoY
11.0%
13.2%
Net Profit YoY
13.9%
358.7%
EPS (diluted)
$2.68
$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
RMD
RMD
SPG
SPG
Q2 26
$1.4B
Q1 26
$1.4B
Q4 25
$1.4B
$1.8B
Q3 25
$1.3B
$1.6B
Q2 25
$1.3B
$1.5B
Q1 25
$1.3B
$1.5B
Q4 24
$1.3B
$1.6B
Q3 24
$1.2B
$1.5B
Net Profit
RMD
RMD
SPG
SPG
Q2 26
$392.6M
Q1 26
$398.7M
Q4 25
$392.6M
$3.5B
Q3 25
$348.5M
$702.7M
Q2 25
$379.7M
$643.7M
Q1 25
$365.0M
$477.9M
Q4 24
$344.6M
$771.8M
Q3 24
$311.4M
$546.7M
Gross Margin
RMD
RMD
SPG
SPG
Q2 26
61.8%
Q1 26
62.2%
Q4 25
61.8%
Q3 25
61.5%
Q2 25
60.8%
Q1 25
59.3%
Q4 24
58.6%
Q3 24
58.6%
Operating Margin
RMD
RMD
SPG
SPG
Q2 26
34.6%
Q1 26
34.9%
Q4 25
34.6%
49.7%
Q3 25
33.4%
50.8%
Q2 25
33.7%
49.7%
Q1 25
33.0%
49.4%
Q4 24
32.5%
52.8%
Q3 24
31.6%
51.9%
Net Margin
RMD
RMD
SPG
SPG
Q2 26
27.6%
Q1 26
27.9%
Q4 25
27.6%
197.6%
Q3 25
26.1%
43.9%
Q2 25
28.2%
43.0%
Q1 25
28.3%
32.4%
Q4 24
26.9%
48.8%
Q3 24
25.4%
36.9%
EPS (diluted)
RMD
RMD
SPG
SPG
Q2 26
$2.68
Q1 26
$2.74
Q4 25
$2.68
$9.34
Q3 25
$2.37
$1.86
Q2 25
$2.58
$1.70
Q1 25
$2.48
$1.27
Q4 24
$2.34
$2.04
Q3 24
$2.11
$1.46

Balance Sheet & Financial Strength

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

Metric
RMD
RMD
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$1.4B
$823.1M
Total DebtLower is stronger
$663.8M
$28.4B
Stockholders' EquityBook value
$6.3B
$5.2B
Total Assets
$8.5B
$40.6B
Debt / EquityLower = less leverage
0.11×
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RMD
RMD
SPG
SPG
Q2 26
$1.4B
Q1 26
$1.7B
Q4 25
$1.4B
$823.1M
Q3 25
$1.4B
$1.6B
Q2 25
$1.2B
$1.2B
Q1 25
$932.7M
$1.4B
Q4 24
$521.9M
$1.4B
Q3 24
$426.4M
$2.5B
Total Debt
RMD
RMD
SPG
SPG
Q2 26
$663.8M
Q1 26
$664.1M
Q4 25
$403.9M
$28.4B
Q3 25
$408.7M
$25.8B
Q2 25
$658.4M
$25.4B
Q1 25
$663.1M
$24.8B
Q4 24
$662.9M
$24.3B
Q3 24
$667.6M
$25.4B
Stockholders' Equity
RMD
RMD
SPG
SPG
Q2 26
$6.3B
Q1 26
$6.5B
Q4 25
$6.3B
$5.2B
Q3 25
$6.1B
$2.3B
Q2 25
$6.0B
$2.5B
Q1 25
$5.5B
$2.6B
Q4 24
$5.3B
$2.9B
Q3 24
$5.2B
$2.7B
Total Assets
RMD
RMD
SPG
SPG
Q2 26
$8.5B
Q1 26
$8.8B
Q4 25
$8.5B
$40.6B
Q3 25
$8.3B
$33.6B
Q2 25
$8.2B
$33.3B
Q1 25
$7.6B
$32.5B
Q4 24
$7.1B
$32.4B
Q3 24
$7.2B
$33.3B
Debt / Equity
RMD
RMD
SPG
SPG
Q2 26
0.11×
Q1 26
0.10×
Q4 25
0.06×
5.46×
Q3 25
0.07×
10.98×
Q2 25
0.11×
10.36×
Q1 25
0.12×
9.50×
Q4 24
0.13×
8.25×
Q3 24
0.13×
9.37×

Cash Flow & Capital Efficiency

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

Metric
RMD
RMD
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
RMD
RMD
SPG
SPG
Q2 26
Q1 26
Q4 25
$339.7M
$1.2B
Q3 25
$457.3M
$890.3M
Q2 25
$538.8M
$1.2B
Q1 25
$578.7M
$827.2M
Q4 24
$308.6M
$1.1B
Q3 24
$325.5M
$892.9M
Free Cash Flow
RMD
RMD
SPG
SPG
Q2 26
Q1 26
Q4 25
$311.2M
$948.8M
Q3 25
$414.4M
$685.0M
Q2 25
$508.2M
$971.3M
Q1 25
$557.9M
$597.0M
Q4 24
$288.0M
$867.7M
Q3 24
$307.7M
$706.5M
FCF Margin
RMD
RMD
SPG
SPG
Q2 26
Q1 26
Q4 25
21.9%
53.0%
Q3 25
31.0%
42.8%
Q2 25
37.7%
64.8%
Q1 25
43.2%
40.5%
Q4 24
22.5%
54.8%
Q3 24
25.1%
47.7%
Capex Intensity
RMD
RMD
SPG
SPG
Q2 26
Q1 26
Q4 25
2.0%
14.2%
Q3 25
3.2%
12.8%
Q2 25
2.3%
16.3%
Q1 25
1.6%
15.6%
Q4 24
1.6%
13.8%
Q3 24
1.5%
12.6%
Cash Conversion
RMD
RMD
SPG
SPG
Q2 26
Q1 26
Q4 25
0.87×
0.34×
Q3 25
1.31×
1.27×
Q2 25
1.42×
1.89×
Q1 25
1.59×
1.73×
Q4 24
0.90×
1.41×
Q3 24
1.05×
1.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RMD
RMD

Segment breakdown not available.

SPG
SPG

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

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