Simon Property Group, Inc.
$27.61B- Market cap
- $1.69M
- Debt
- +$28.43B
- Cash
- −$823.15M
Capital structure 0% equity / 100% debt · EV / Revenue 4.34x · EV / EBITDA 3.76x
Quick read
Fair value engine
Each company valued on the other's multiple, then compared with the market price.
SPG · price snapshotP/E 14.94x
$211.64Snapshot Sep 8, 2026, 1:58 PM ET
Implied fair value · at MAC's multiple
—
Needs MAC P/E.
MAC · price snapshot
—Price unavailable
Implied fair value · at SPG's multiple
—
Needs Annual EPS is negative.
Metric by metric
Smart diff
Where each company leads, and how wide the gap is.
6 metrics shown
MetricSPGMACDifference (SPG − MAC)
Revenue growth (YoY)
Growth lag
6.7%
10.4%
MAC: higher Revenue growth (YoY) by 3.7 percentage points
Gross margin
Pricing power
N/M
N/M
Insufficient data
EBITDA margin
Operating leverage
115.3%
0.8%
SPG: higher EBITDA margin by 114.4 percentage points
EV/Revenue
Lower is better
4.34x
N/M
Insufficient data
P/E
Not comparable
14.94x
N/M
Not comparable
Net debt / EBITDA
Lower leverage
3.8
558.1
SPG: lower Net debt / EBITDA by 554.4
Statements
Side-by-side financials
Core statements aligned to each company's latest fiscal year.
Income statement · USDSPG · FY 2025MAC · FY 2025Delta
Revenue$6.36B$1.01B+$5.35B
Gross profit———
Operating income$3.18B——
EBITDA$7.34B$8.58M+$7.33B
Net income$5.36B-$197.15M+$5.56B
EPS14.2-0.8+14.9
Revenue growth6.7%10.4%−3.7 pp
Gross margin———
Operating margin49.9%——
EBITDA margin115.3%0.8%+114.4 pp
Net margin84.3%-19.4%+103.7 pp
SEC periods: SPG FY 2025 (ended Dec 31, 2025) · MAC FY 2025 (ended Dec 31, 2025).
Trendline
Historical trends
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
SPGMAC
Price framework
Enterprise value
Market cap plus debt, less cash.
Macerich Co
Price framework
Intrinsic value (DCF)
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
SIMON PROPERTY GROUP, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
MACERICH CO · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Solvency
Financial health checks to separate durable balance sheets from potential value traps.
Piotroski F-Score
Financial strength on a 0–9 scale.
5/ 9 · SPGModerate
3/ 9 · MACWeak
Altman Z-Score
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Comparable set
Relative positioning
Where the pair sits against the wider comparable set.
Keep comparing
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