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Side-by-side financial comparison of Solstice Advanced Materials Inc. (SOLS) 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 $991.0M, roughly 1.8× Solstice Advanced Materials Inc.). Simon Property Group runs the higher net margin — 197.6% vs 8.6%, a 189.0% gap on every dollar of revenue. On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs 10.0%).

Solstice Advanced Materials Inc. is a specialty advanced materials provider that develops, produces and distributes high-performance functional materials for renewable energy systems, consumer electronics, industrial manufacturing and advanced automotive sectors. The company focuses on material solutions that boost product durability, energy efficiency and operational performance for its global clients.

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.

SOLS vs SPG — Head-to-Head

Bigger by revenue
SPG
SPG
1.8× larger
SPG
$1.8B
$991.0M
SOLS
Growing faster (revenue YoY)
SPG
SPG
+3.2% gap
SPG
13.2%
10.0%
SOLS
Higher net margin
SPG
SPG
189.0% more per $
SPG
197.6%
8.6%
SOLS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SOLS
SOLS
SPG
SPG
Revenue
$991.0M
$1.8B
Net Profit
$85.0M
$3.5B
Gross Margin
Operating Margin
49.7%
Net Margin
8.6%
197.6%
Revenue YoY
10.0%
13.2%
Net Profit YoY
-36.6%
358.7%
EPS (diluted)
$0.53
$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
SOLS
SOLS
SPG
SPG
Q1 26
$991.0M
Q4 25
$1.8B
Q3 25
$969.0M
$1.6B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.6B
Q3 24
$907.0M
$1.5B
Q2 24
$1.5B
Net Profit
SOLS
SOLS
SPG
SPG
Q1 26
$85.0M
Q4 25
$3.5B
Q3 25
$-35.0M
$702.7M
Q2 25
$643.7M
Q1 25
$477.9M
Q4 24
$771.8M
Q3 24
$152.0M
$546.7M
Q2 24
$569.4M
Gross Margin
SOLS
SOLS
SPG
SPG
Q1 26
Q4 25
Q3 25
32.0%
Q2 25
Q1 25
Q4 24
Q3 24
36.6%
Q2 24
Operating Margin
SOLS
SOLS
SPG
SPG
Q1 26
Q4 25
49.7%
Q3 25
17.9%
50.8%
Q2 25
49.7%
Q1 25
49.4%
Q4 24
52.8%
Q3 24
21.7%
51.9%
Q2 24
51.7%
Net Margin
SOLS
SOLS
SPG
SPG
Q1 26
8.6%
Q4 25
197.6%
Q3 25
-3.6%
43.9%
Q2 25
43.0%
Q1 25
32.4%
Q4 24
48.8%
Q3 24
16.8%
36.9%
Q2 24
39.0%
EPS (diluted)
SOLS
SOLS
SPG
SPG
Q1 26
$0.53
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
SOLS
SOLS
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$642.0M
$823.1M
Total DebtLower is stronger
$2.0B
$28.4B
Stockholders' EquityBook value
$1.5B
$5.2B
Total Assets
$5.7B
$40.6B
Debt / EquityLower = less leverage
1.34×
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SOLS
SOLS
SPG
SPG
Q1 26
$642.0M
Q4 25
$823.1M
Q3 25
$417.0M
$1.6B
Q2 25
$1.2B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$2.5B
Q2 24
$2.5B
Total Debt
SOLS
SOLS
SPG
SPG
Q1 26
$2.0B
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
SOLS
SOLS
SPG
SPG
Q1 26
$1.5B
Q4 25
$5.2B
Q3 25
$3.2B
$2.3B
Q2 25
$2.5B
Q1 25
$2.6B
Q4 24
$2.9B
Q3 24
$3.2B
$2.7B
Q2 24
$2.9B
Total Assets
SOLS
SOLS
SPG
SPG
Q1 26
$5.7B
Q4 25
$40.6B
Q3 25
$5.2B
$33.6B
Q2 25
$33.3B
Q1 25
$32.5B
Q4 24
$32.4B
Q3 24
$33.3B
Q2 24
$33.4B
Debt / Equity
SOLS
SOLS
SPG
SPG
Q1 26
1.34×
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
SOLS
SOLS
SPG
SPG
Operating Cash FlowLast quarter
$199.0M
$1.2B
Free Cash FlowOCF − Capex
$948.8M
FCF MarginFCF / Revenue
53.0%
Capex IntensityCapex / Revenue
7.6%
14.2%
Cash ConversionOCF / Net Profit
2.34×
0.34×
TTM Free Cash FlowTrailing 4 quarters
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SOLS
SOLS
SPG
SPG
Q1 26
$199.0M
Q4 25
$1.2B
Q3 25
$289.0M
$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
SOLS
SOLS
SPG
SPG
Q1 26
Q4 25
$948.8M
Q3 25
$41.0M
$685.0M
Q2 25
$971.3M
Q1 25
$597.0M
Q4 24
$867.7M
Q3 24
$706.5M
Q2 24
$874.8M
FCF Margin
SOLS
SOLS
SPG
SPG
Q1 26
Q4 25
53.0%
Q3 25
4.2%
42.8%
Q2 25
64.8%
Q1 25
40.5%
Q4 24
54.8%
Q3 24
47.7%
Q2 24
60.0%
Capex Intensity
SOLS
SOLS
SPG
SPG
Q1 26
7.6%
Q4 25
14.2%
Q3 25
25.6%
12.8%
Q2 25
16.3%
Q1 25
15.6%
Q4 24
13.8%
Q3 24
12.6%
Q2 24
12.9%
Cash Conversion
SOLS
SOLS
SPG
SPG
Q1 26
2.34×
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

SOLS
SOLS

Product sales$915.0M92%
Service sales$77.0M8%

SPG
SPG

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

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