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Side-by-side financial comparison of Simon Property Group (SPG) and Xylem Inc. (XYL). Click either name above to swap in a different company.

Xylem Inc. is the larger business by last-quarter revenue ($2.1B vs $1.8B, roughly 1.2× Simon Property Group). Simon Property Group runs the higher net margin — 197.6% vs 8.9%, a 188.7% gap on every dollar of revenue. On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs 2.7%). Over the past eight quarters, Simon Property Group's revenue compounded faster (11.4% CAGR vs -1.0%).

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.

Xylem is one of the two types of transport tissue in vascular plants, the other being phloem; both of these are part of the vascular bundle. The basic function of the xylem is to transport water upward from the roots to parts of the plants such as stems and leaves, but it also transports nutrients. The word xylem is derived from the Ancient Greek word ξύλον (xúlon), meaning "wood"; the best-known xylem tissue is wood, though it is found throughout a plant.

SPG vs XYL — Head-to-Head

Bigger by revenue
XYL
XYL
1.2× larger
XYL
$2.1B
$1.8B
SPG
Growing faster (revenue YoY)
SPG
SPG
+10.5% gap
SPG
13.2%
2.7%
XYL
Higher net margin
SPG
SPG
188.7% more per $
SPG
197.6%
8.9%
XYL
Faster 2-yr revenue CAGR
SPG
SPG
Annualised
SPG
11.4%
-1.0%
XYL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
SPG
SPG
XYL
XYL
Revenue
$1.8B
$2.1B
Net Profit
$3.5B
$189.0M
Gross Margin
37.8%
Operating Margin
49.7%
11.5%
Net Margin
197.6%
8.9%
Revenue YoY
13.2%
2.7%
Net Profit YoY
358.7%
13.2%
EPS (diluted)
$9.34
$0.79

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
SPG
SPG
XYL
XYL
Q1 26
$2.1B
Q4 25
$1.8B
$2.4B
Q3 25
$1.6B
$2.3B
Q2 25
$1.5B
$2.3B
Q1 25
$1.5B
$2.1B
Q4 24
$1.6B
$2.3B
Q3 24
$1.5B
$2.1B
Q2 24
$1.5B
$2.2B
Net Profit
SPG
SPG
XYL
XYL
Q1 26
$189.0M
Q4 25
$3.5B
$335.0M
Q3 25
$702.7M
$227.0M
Q2 25
$643.7M
$226.0M
Q1 25
$477.9M
$169.0M
Q4 24
$771.8M
$326.0M
Q3 24
$546.7M
$217.0M
Q2 24
$569.4M
$194.0M
Gross Margin
SPG
SPG
XYL
XYL
Q1 26
37.8%
Q4 25
38.9%
Q3 25
38.9%
Q2 25
38.8%
Q1 25
37.1%
Q4 24
38.0%
Q3 24
37.3%
Q2 24
37.8%
Operating Margin
SPG
SPG
XYL
XYL
Q1 26
11.5%
Q4 25
49.7%
14.7%
Q3 25
50.8%
14.7%
Q2 25
49.7%
13.3%
Q1 25
49.4%
11.2%
Q4 24
52.8%
11.8%
Q3 24
51.9%
13.3%
Q2 24
51.7%
11.7%
Net Margin
SPG
SPG
XYL
XYL
Q1 26
8.9%
Q4 25
197.6%
14.0%
Q3 25
43.9%
10.0%
Q2 25
43.0%
9.8%
Q1 25
32.4%
8.2%
Q4 24
48.8%
14.5%
Q3 24
36.9%
10.3%
Q2 24
39.0%
8.9%
EPS (diluted)
SPG
SPG
XYL
XYL
Q1 26
$0.79
Q4 25
$9.34
$1.37
Q3 25
$1.86
$0.93
Q2 25
$1.70
$0.93
Q1 25
$1.27
$0.69
Q4 24
$2.04
$1.33
Q3 24
$1.46
$0.89
Q2 24
$1.51
$0.80

Balance Sheet & Financial Strength

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

Metric
SPG
SPG
XYL
XYL
Cash + ST InvestmentsLiquidity on hand
$823.1M
$808.0M
Total DebtLower is stronger
$28.4B
$1.9B
Stockholders' EquityBook value
$5.2B
$11.0B
Total Assets
$40.6B
$17.0B
Debt / EquityLower = less leverage
5.46×
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPG
SPG
XYL
XYL
Q1 26
$808.0M
Q4 25
$823.1M
$1.5B
Q3 25
$1.6B
$1.2B
Q2 25
$1.2B
$1.2B
Q1 25
$1.4B
$1.1B
Q4 24
$1.4B
$1.1B
Q3 24
$2.5B
$989.0M
Q2 24
$2.5B
$815.0M
Total Debt
SPG
SPG
XYL
XYL
Q1 26
$1.9B
Q4 25
$28.4B
$2.0B
Q3 25
$25.8B
$2.0B
Q2 25
$25.4B
$2.0B
Q1 25
$24.8B
$2.0B
Q4 24
$24.3B
$2.0B
Q3 24
$25.4B
Q2 24
$25.3B
Stockholders' Equity
SPG
SPG
XYL
XYL
Q1 26
$11.0B
Q4 25
$5.2B
$11.5B
Q3 25
$2.3B
$11.2B
Q2 25
$2.5B
$11.1B
Q1 25
$2.6B
$10.8B
Q4 24
$2.9B
$10.6B
Q3 24
$2.7B
$10.6B
Q2 24
$2.9B
$10.3B
Total Assets
SPG
SPG
XYL
XYL
Q1 26
$17.0B
Q4 25
$40.6B
$17.6B
Q3 25
$33.6B
$17.3B
Q2 25
$33.3B
$17.2B
Q1 25
$32.5B
$16.6B
Q4 24
$32.4B
$16.5B
Q3 24
$33.3B
$16.0B
Q2 24
$33.4B
$15.8B
Debt / Equity
SPG
SPG
XYL
XYL
Q1 26
0.18×
Q4 25
5.46×
0.17×
Q3 25
10.98×
0.18×
Q2 25
10.36×
0.18×
Q1 25
9.50×
0.19×
Q4 24
8.25×
0.19×
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
SPG
SPG
XYL
XYL
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
$948.8M
FCF MarginFCF / Revenue
53.0%
Capex IntensityCapex / Revenue
14.2%
4.2%
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
SPG
SPG
XYL
XYL
Q1 26
Q4 25
$1.2B
$543.0M
Q3 25
$890.3M
$360.0M
Q2 25
$1.2B
$305.0M
Q1 25
$827.2M
$33.0M
Q4 24
$1.1B
$575.0M
Q3 24
$892.9M
$311.0M
Q2 24
$1.1B
$288.0M
Free Cash Flow
SPG
SPG
XYL
XYL
Q1 26
Q4 25
$948.8M
$460.0M
Q3 25
$685.0M
$281.0M
Q2 25
$971.3M
$207.0M
Q1 25
$597.0M
$-38.0M
Q4 24
$867.7M
$475.0M
Q3 24
$706.5M
$237.0M
Q2 24
$874.8M
$215.0M
FCF Margin
SPG
SPG
XYL
XYL
Q1 26
Q4 25
53.0%
19.2%
Q3 25
42.8%
12.4%
Q2 25
64.8%
9.0%
Q1 25
40.5%
-1.8%
Q4 24
54.8%
21.1%
Q3 24
47.7%
11.3%
Q2 24
60.0%
9.9%
Capex Intensity
SPG
SPG
XYL
XYL
Q1 26
4.2%
Q4 25
14.2%
3.5%
Q3 25
12.8%
3.5%
Q2 25
16.3%
4.3%
Q1 25
15.6%
3.4%
Q4 24
13.8%
4.4%
Q3 24
12.6%
3.5%
Q2 24
12.9%
3.4%
Cash Conversion
SPG
SPG
XYL
XYL
Q1 26
Q4 25
0.34×
1.62×
Q3 25
1.27×
1.59×
Q2 25
1.89×
1.35×
Q1 25
1.73×
0.20×
Q4 24
1.41×
1.76×
Q3 24
1.63×
1.43×
Q2 24
1.87×
1.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SPG
SPG

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

XYL
XYL

Revenue from products$1.8B83%
Revenue from services$368.0M17%

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