SIMON PROPERTY GROUP INC. (SPG) closed fiscal year 2025 with a gross margin of 81.9 % and a net margin of 72.7 %.
SIMON PROPERTY GROUP INC. (SPG) closed fiscal year 2025 with a gross margin of 81.9 % and a net margin of 72.7 %. The same year shows an EBITDA margin of 72.3 % and an EBIT margin of 49.9 %. The free cash flow margin was 50.3 %. Against the previous year the gross margin moved −0.6 pp and the net margin +33.0 pp. Across the period the gross margin ranges between 81.1 % in 2022 and 82.5 % in 2024. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 81.08 % | 81.83 % | 82.50 % | 81.90 % |
| EBITDA margin (%) | 66.83 % | 66.41 % | 63.69 % | 68.97 % | 69.87 % | 72.24 % | 72.55 % | 72.46 % | 73.04 % | 73.11 % | 73.77 % | 74.55 % | 73.90 % | 71.40 % | 71.84 % | 72.02 % | 71.91 % | 73.08 % | 72.30 % |
| EBIT margin (%) | 42.02 % | 40.79 % | 37.26 % | 44.14 % | 45.12 % | 47.14 % | 48.17 % | 48.97 % | 50.68 % | 50.06 % | 50.70 % | 51.84 % | 50.61 % | 42.80 % | 47.16 % | 48.83 % | 49.60 % | 51.86 % | 49.89 % |
| Net margin (%) | 13.46 % | 12.26 % | 8.20 % | 15.59 % | 23.80 % | 33.70 % | 29.04 % | 28.92 % | 34.71 % | 33.83 % | 35.24 % | 43.22 % | 36.52 % | 24.15 % | 43.97 % | 40.43 % | 40.35 % | 39.75 % | 72.71 % |
| FCF margin (%) | — | — | — | — | — | — | — | 39.70 % | 38.05 % | 47.36 % | 51.77 % | 52.59 % | 50.94 % | 39.99 % | 60.77 % | 58.90 % | 55.44 % | 51.29 % | 50.31 % |
