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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Simon Property Group, Inc. (SPG) Quarterly Financial Ratios

Last 48 quarters of trend data · Real Estate · REIT - Retail

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Simon Property Group, Inc.'s quarterly P/E stands at 4.9x, down 76.5% year-over-year — suggesting improving earnings relative to price.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
P/E Ratio →14.424.9525.7823.6432.6921.1028.9425.1317.3915.5214.6019.5120.28
—-76.5%-10.9%-5.9%+88.0%+36.0%+98.2%+28.8%-14.3%+7.8%+7.4%+24.1%-19.8%
P/S Ratio10.428.429.588.779.208.889.318.488.847.616.266.906.78
—-5.1%+3.0%+3.4%+4.1%+16.7%+48.6%+23.0%+30.5%+10.9%+12.2%+13.3%-18.8%
P/B Ratio9.919.0020.6417.0116.5915.6116.5913.8013.5612.619.7810.719.96
—-42.3%+24.4%+23.3%+22.3%+23.8%+69.6%+28.8%+36.2%+25.5%+34.4%+40.8%-1.2%
P/FCF——22.4113.5422.6916.1919.5114.1420.9013.5412.4810.4013.81
——+14.9%-4.3%+8.6%+19.6%+56.4%+36.0%+51.3%+5.4%+33.5%+26.3%-18.6%
EV / EBITDA20.4817.0618.7117.3818.0216.6317.7717.0417.8815.8814.5915.6515.61
—+2.6%+5.2%+2.0%+0.8%+4.7%+21.8%+8.8%+14.5%+2.5%+4.9%+5.3%-13.8%
EV / EBIT30.055.6130.5521.1928.0020.5725.4323.2716.9315.9516.0219.8521.81
—-72.7%+20.1%-8.9%+65.4%+28.9%+58.7%+17.2%-22.4%+3.5%-2.8%+10.7%-14.3%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Simon Property Group, Inc.'s operating margin was 49.7% in Q4 2025, down 1.0 pp QoQ and down 3.1 pp YoY. Gross margin expanded 10.3% YoY, indicating pricing power or improving input costs.

Margins

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Gross Margin85.7%91.4%83.4%85.7%81.4%82.8%82.6%84.4%81.9%83.3%80.5%83.2%81.9%
—+10.3%+1.1%+1.5%-0.7%-0.5%+2.5%+1.4%+0.1%+2.8%-0.3%+2.8%+0.2%
Operating Margin49.9%49.7%50.8%49.7%49.4%52.8%51.9%51.7%51.0%51.9%49.2%48.0%49.1%
—-5.9%-2.1%-4.0%-3.1%+1.9%+5.4%+7.6%+3.9%+6.1%-0.7%-1.9%+2.5%
Net Margin72.5%170.2%37.1%37.2%28.1%42.2%32.1%33.9%50.8%49.0%42.2%35.6%33.5%
—+303.1%+15.4%+9.7%-44.6%-13.8%-23.8%-4.7%+51.5%+1.7%+2.8%-8.5%+1.6%

Return on Capital

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
ROE89.6%63.0%19.6%17.5%12.1%19.3%13.8%13.5%19.7%20.5%16.7%13.5%12.1%
—+226.4%+42.2%+30.2%-38.6%-5.8%-17.3%-0.5%+62.9%+19.4%+25.5%+14.0%+22.7%
ROA12.6%8.2%1.8%1.7%1.3%2.0%1.4%1.5%2.2%2.2%1.8%1.5%1.4%
—+304.0%+24.4%+14.9%-40.7%-8.6%-21.0%+0.0%+57.8%+8.5%+10.4%-1.5%+7.4%
ROIC7.6%2.1%2.2%2.0%2.0%2.3%2.1%2.0%1.9%2.1%1.8%1.7%1.7%
—-9.3%+5.4%+1.9%+5.3%+11.8%+12.9%+14.7%+10.3%+15.7%+8.5%+8.0%+10.4%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Simon Property Group, Inc.'s Debt/EBITDA ratio is 22.8x — elevated, raising questions about debt serviceability.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Debt / Equity4.474.478.858.387.736.897.817.206.927.197.037.227.09
—-35.1%+13.3%+16.5%+11.7%-4.2%+11.0%-0.4%-2.3%+8.0%+12.9%+16.6%+18.5%
Debt / EBITDA6.4322.8322.8623.3123.3320.7223.3823.7524.5723.4524.7325.5626.46
—+10.2%-2.2%-1.9%-5.1%-11.6%-5.5%-7.1%-7.1%-6.0%-4.7%-5.2%-2.7%
Current Ratio——0.700.590.670.830.960.991.031.040.450.480.63
——-27.7%-40.0%-34.7%-19.8%+114.1%+107.3%+62.4%+57.3%-19.2%-15.0%+11.5%
Quick Ratio——0.700.590.670.830.960.991.031.040.450.480.63
——-27.7%-40.0%-34.7%-19.8%+114.1%+107.3%+62.4%+57.3%-19.2%-15.0%+11.5%
Interest Coverage3.263.273.353.203.213.673.393.413.193.523.273.023.32
—————————————

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Includes 30+ ratios · 48 years · Updated daily

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Frequently Asked Questions

What is Simon Property Group, Inc.'s quarterly P/E ratio trend?

Simon Property Group, Inc.'s current P/E is 14.4x. The average P/E over the last 4 quarters is 21.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Simon Property Group, Inc.'s margins change by quarter?

Simon Property Group, Inc.'s current operating margin is 49.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at SPG quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Simon Property Group, Inc.'s business trajectory between earnings reports.

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