Simon Property Group vs Weyerhaeuser
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The short version
- Weyerhaeuser is the larger business, with $6.9B of revenue in fiscal 2025 against $6.4B for Simon Property Group.
- Simon Property Group grew revenue faster (6.7%, against −3.1%).
- Simon Property Group kept more of each dollar of sales as operating profit (49.9% operating margin, against 10.6%).
- Simon Property Group earned a higher return on the capital invested in it (10.5%, against 5.1%).
- Investors pay more for each dollar of Weyerhaeuser’s earnings: a P/E of 29.5x against 14.9x for Simon Property Group.
| Latest fiscal year | SPG · FY25 | WY · FY25 |
|---|---|---|
| Size | ||
| Market cap | $68.6B | $14.1B |
| Revenue | $6.4B | $6.9B |
| Free cash flow | $3.2B | — |
| Net income | $5.4B | $324M |
| Growth | ||
| Revenue growth | 6.7% | −3.1% |
| 5-year growth | 6.7% | −1.7% |
| Share count change | 0.1% | −0.7% |
| Profitability | ||
| Gross margin | — | 14.8% |
| Operating margin | 49.9% | 10.6% |
| Net margin | 84.3% | 4.7% |
| FCF margin | 50.3% | — |
| Return on capital | 10.5% | 5.1% |
| Return on equity | 131.6% | 3.4% |
| Balance sheet | ||
| Net debt | $27.6B | $5.1B |
| Net debt / EBITDA | 6.0x | 4.1x |
| Dividends and buybacks | $227M | $766M |
| Valuation & quality | ||
| P/E | 14.9x | 29.5x |
| Piotroski F-score | — | 4 |
Revenue
FY16
SPG $5.4B
WY $6.4B
FY17
SPG $5.5B
WY $7.2B
FY18
SPG $5.6B
WY $7.5B
FY19
SPG $5.8B
WY $6.6B
FY20
SPG $4.6B
WY $7.5B
FY21
SPG $5.1B
WY $10.2B
FY22
SPG $5.3B
WY $10.2B
FY23
SPG $5.7B
WY $7.7B
FY24
SPG $6.0B
WY $7.1B
FY25
SPG $6.4B
WY $6.9B
SPG
WY
Operating margin
FY16
SPG 50.1%
WY 12.9%
FY17
SPG 50.7%
WY 15.7%
FY18
SPG 51.8%
WY 18.7%
FY19
SPG 50.6%
WY 9.9%
FY20
SPG 42.8%
WY 22.7%
FY21
SPG 47.2%
WY 35.7%
FY22
SPG 48.8%
WY 30.2%
FY23
SPG 49.6%
WY 15.5%
FY24
SPG 51.9%
WY 9.6%
FY25
SPG 49.9%
WY 10.6%
SPG
WY
Free cash flow
FY16
SPG $2.6B
WY —
FY17
SPG $2.9B
WY —
FY18
SPG $3.0B
WY —
FY19
SPG $2.9B
WY —
FY20
SPG $1.8B
WY —
FY21
SPG $3.1B
WY —
FY22
SPG $3.1B
WY —
FY23
SPG $3.1B
WY —
FY24
SPG $3.1B
WY —
FY25
SPG $3.2B
WY —
SPG
WY
Return on capital
FY16
SPG 7.9%
WY 5.7%
FY17
SPG 8.1%
WY 6.3%
FY18
SPG 8.6%
WY 9.0%
FY19
SPG 8.7%
WY 3.6%
FY20
SPG 5.6%
WY 9.9%
FY21
SPG 6.6%
WY 20.7%
FY22
SPG 7.2%
WY 17.8%
FY23
SPG 9.9%
WY 7.5%
FY24
SPG 11.5%
WY 4.5%
FY25
SPG 10.5%
WY 5.1%
SPG
WY
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.