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Side-by-side financial comparison of SONOCO PRODUCTS CO (SON) 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× SONOCO PRODUCTS CO). Simon Property Group runs the higher net margin — 197.6% vs 4.1%, a 193.5% gap on every dollar of revenue. On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs -1.9%). Simon Property Group produced more free cash flow last quarter ($948.8M vs $-428.3B). Over the past eight quarters, Simon Property Group's revenue compounded faster (11.4% CAGR vs 1.2%).

Sonoco Products Company is an American provider of diversified consumer packaging, industrial products, protective packaging, and packaging supply chain services and the world's largest producer of composite cans, tubes, and cores. The company was founded in 1889 as Southern Novelty Company with annualized net sales of approximately $7.3 billion. Sonoco has 19,900 employees in more than 335 operations in 33 countries, serving more than 85 nations. The company is headquartered in Hartsville, S...

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.

SON vs SPG — Head-to-Head

Bigger by revenue
SPG
SPG
1.1× larger
SPG
$1.8B
$1.7B
SON
Growing faster (revenue YoY)
SPG
SPG
+15.2% gap
SPG
13.2%
-1.9%
SON
Higher net margin
SPG
SPG
193.5% more per $
SPG
197.6%
4.1%
SON
More free cash flow
SPG
SPG
$429.2B more FCF
SPG
$948.8M
$-428.3B
SON
Faster 2-yr revenue CAGR
SPG
SPG
Annualised
SPG
11.4%
1.2%
SON

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SON
SON
SPG
SPG
Revenue
$1.7B
$1.8B
Net Profit
$68.0M
$3.5B
Gross Margin
20.6%
Operating Margin
7.6%
49.7%
Net Margin
4.1%
197.6%
Revenue YoY
-1.9%
13.2%
Net Profit YoY
24.1%
358.7%
EPS (diluted)
$0.68
$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
SON
SON
SPG
SPG
Q1 26
$1.7B
Q4 25
$1.8B
$1.8B
Q3 25
$2.1B
$1.6B
Q2 25
$1.9B
$1.5B
Q1 25
$1.7B
$1.5B
Q4 24
$1.6B
Q3 24
$1.7B
$1.5B
Q2 24
$1.6B
$1.5B
Net Profit
SON
SON
SPG
SPG
Q1 26
$68.0M
Q4 25
$332.2M
$3.5B
Q3 25
$122.9M
$702.7M
Q2 25
$493.4M
$643.7M
Q1 25
$54.4M
$477.9M
Q4 24
$771.8M
Q3 24
$50.9M
$546.7M
Q2 24
$90.8M
$569.4M
Gross Margin
SON
SON
SPG
SPG
Q1 26
20.6%
Q4 25
19.6%
Q3 25
21.9%
Q2 25
21.3%
Q1 25
20.7%
Q4 24
Q3 24
21.4%
Q2 24
22.0%
Operating Margin
SON
SON
SPG
SPG
Q1 26
7.6%
Q4 25
29.4%
49.7%
Q3 25
9.1%
50.8%
Q2 25
9.2%
49.7%
Q1 25
7.4%
49.4%
Q4 24
52.8%
Q3 24
7.6%
51.9%
Q2 24
8.6%
51.7%
Net Margin
SON
SON
SPG
SPG
Q1 26
4.1%
Q4 25
18.8%
197.6%
Q3 25
5.8%
43.9%
Q2 25
25.8%
43.0%
Q1 25
3.2%
32.4%
Q4 24
48.8%
Q3 24
3.0%
36.9%
Q2 24
5.6%
39.0%
EPS (diluted)
SON
SON
SPG
SPG
Q1 26
$0.68
Q4 25
$3.33
$9.34
Q3 25
$1.23
$1.86
Q2 25
$4.96
$1.70
Q1 25
$0.55
$1.27
Q4 24
$2.04
Q3 24
$0.51
$1.46
Q2 24
$0.92
$1.51

Balance Sheet & Financial Strength

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

Metric
SON
SON
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$224.5M
$823.1M
Total DebtLower is stronger
$3.5B
$28.4B
Stockholders' EquityBook value
$3.6B
$5.2B
Total Assets
$11.1B
$40.6B
Debt / EquityLower = less leverage
0.97×
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SON
SON
SPG
SPG
Q1 26
$224.5M
Q4 25
$378.4M
$823.1M
Q3 25
$244.9M
$1.6B
Q2 25
$329.8M
$1.2B
Q1 25
$181.8M
$1.4B
Q4 24
$1.4B
Q3 24
$1.9B
$2.5B
Q2 24
$140.2M
$2.5B
Total Debt
SON
SON
SPG
SPG
Q1 26
$3.5B
Q4 25
$3.8B
$28.4B
Q3 25
$3.8B
$25.8B
Q2 25
$5.0B
$25.4B
Q1 25
$5.0B
$24.8B
Q4 24
$24.3B
Q3 24
$4.3B
$25.4B
Q2 24
$2.5B
$25.3B
Stockholders' Equity
SON
SON
SPG
SPG
Q1 26
$3.6B
Q4 25
$3.6B
$5.2B
Q3 25
$3.3B
$2.3B
Q2 25
$3.2B
$2.5B
Q1 25
$2.4B
$2.6B
Q4 24
$2.9B
Q3 24
$2.5B
$2.7B
Q2 24
$2.4B
$2.9B
Total Assets
SON
SON
SPG
SPG
Q1 26
$11.1B
Q4 25
$11.2B
$40.6B
Q3 25
$11.7B
$33.6B
Q2 25
$12.0B
$33.3B
Q1 25
$12.7B
$32.5B
Q4 24
$32.4B
Q3 24
$9.0B
$33.3B
Q2 24
$7.2B
$33.4B
Debt / Equity
SON
SON
SPG
SPG
Q1 26
0.97×
Q4 25
1.05×
5.46×
Q3 25
1.15×
10.98×
Q2 25
1.54×
10.36×
Q1 25
2.03×
9.50×
Q4 24
8.25×
Q3 24
1.74×
9.37×
Q2 24
1.04×
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
SON
SON
SPG
SPG
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
$-428.3B
$948.8M
FCF MarginFCF / Revenue
-25554.2%
53.0%
Capex IntensityCapex / Revenue
3601.4%
14.2%
Cash ConversionOCF / Net Profit
0.34×
TTM Free Cash FlowTrailing 4 quarters
$-427.6B
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SON
SON
SPG
SPG
Q1 26
Q4 25
$412.9M
$1.2B
Q3 25
$291.5M
$890.3M
Q2 25
$193.4M
$1.2B
Q1 25
$-208.1M
$827.2M
Q4 24
$1.1B
Q3 24
$162.1M
$892.9M
Q2 24
$109.3M
$1.1B
Free Cash Flow
SON
SON
SPG
SPG
Q1 26
$-428.3B
Q4 25
$322.3M
$948.8M
Q3 25
$225.6M
$685.0M
Q2 25
$98.6M
$971.3M
Q1 25
$-300.8M
$597.0M
Q4 24
$867.7M
Q3 24
$70.5M
$706.5M
Q2 24
$16.0M
$874.8M
FCF Margin
SON
SON
SPG
SPG
Q1 26
-25554.2%
Q4 25
18.2%
53.0%
Q3 25
10.6%
42.8%
Q2 25
5.2%
64.8%
Q1 25
-17.6%
40.5%
Q4 24
54.8%
Q3 24
4.2%
47.7%
Q2 24
1.0%
60.0%
Capex Intensity
SON
SON
SPG
SPG
Q1 26
3601.4%
Q4 25
5.1%
14.2%
Q3 25
3.1%
12.8%
Q2 25
5.0%
16.3%
Q1 25
5.4%
15.6%
Q4 24
13.8%
Q3 24
5.5%
12.6%
Q2 24
5.7%
12.9%
Cash Conversion
SON
SON
SPG
SPG
Q1 26
Q4 25
1.24×
0.34×
Q3 25
2.37×
1.27×
Q2 25
0.39×
1.89×
Q1 25
-3.82×
1.73×
Q4 24
1.41×
Q3 24
3.18×
1.63×
Q2 24
1.20×
1.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SON
SON

Segment breakdown not available.

SPG
SPG

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

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