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SPG.PJ reported revenue of $6.36B and net income of $5.36B in FY2025.
| Fiscal year | Revenue | Net income |
|---|---|---|
| 2025 | $6.36B | $5.36B |
| 2024 | $5.96B | $2.73B |
| 2023 | $5.66B | $2.62B |
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Also filed under REIT, ranked by how closely they sit beside SPG.PJ.
SPG.PJ is among the largest companies matching:
The assistant answers from what SPG.PJ has actually filed: 19 annual reports filed with the SEC and 102 Form 4 filings from the last year. Every figure in a reply links to the filing it came from, so an answer can be checked rather than believed.
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Cash flow breakdown
What the business generated, and where it went
Operating cash flow
$4.14B 2025
Cash generated by the business itself
Free cash flow
$3.2B 2025
Operating cash flow minus capital expenditure
Capital expenditure
$934.35M 2025
Spending on property, plant and equipment
SPG.PJ generated $4.14B of operating cash flow. Each figure below is what it did with that, as reported on the same statement.
Reinvested in the business
Spent on its own shares
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.14B | $3.81B | $3.93B | $3.77B | $3.64B | $2.33B | $3.81B | $3.75B | $3.59B | $3.37B | $3.02B | $2.73B | $2.7B | $2.51B | $2.01B |
Financial statements
Every figure below is this company’s, as filed. Measure draws them: 19 years and 72 quarters plotted to scale, on the income statement, balance sheet and cash flow, plus the ratio and estimate sections this page does not carry.
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Operating income
Plotted to scale onMeasure
Revenue
Plotted to scale onMeasure
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.36B | $5.96B | $5.66B | $5.29B | $5.12B | $4.61B | $5.76B | $5.65B | $5.53B | $5.44B | $5.27B | $4.87B | $4.54B | $4.26B | $4.31B |
Total assets
Plotted to scale onMeasure
Total liabilities
Plotted to scale onMeasure
Shareholder equity
Plotted to scale onMeasure
Cash
Plotted to scale onMeasure
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $40.61B | $32.41B | $34.28B | $33.01B | $33.78B | $34.79B | $31.23B | $30.69B | $32.26B | $31.1B | $30.57B | $29.53B | $33.32B | $32.59B | $26.22B |
Return on equity
Plotted to scale onMeasure
Return on invested capital
Plotted to scale onMeasure
Computed from the filed figures above.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | 80.00% | 75.82% | 70.97% | 64.13% | 58.37% | 34.92% | 77.41% | 70.08% | 50.68% | 41.88% | 40.81% | 27.63% | 22.74% | 24.95% | 22.47% |
Derived from SEC XBRL filings. Not investment advice.
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Every annual statement SPG.PJ has filed is on this page as figures. Drawn to scale, a trend over the whole record is something you can see rather than something you have to add up.
The charts, to scaleMeasure
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Revenue, margins and cash flow quarter by quarter, where a change in direction shows up first.
Quarterly statementsMeasure
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Why a margin moved, where the cash went: answered from SPG.PJ's own statements, not a guess.
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| $1.76B |
| $1.72B |
| $1.64B |
| $1.56B |
| Capital expenditure | $934.35M | $755.58M | $793.28M | $650.02M | $527.94M | $484.12M | $876.01M | $781.91M | $732.1M | $798.47M | $1.02B | $796.74M | - | - | - | - | - | - | - |
|---|
| Free cash flow | $3.2B | $3.06B | $3.14B | $3.12B | $3.11B | $1.84B | $2.93B | $2.97B | $2.86B | $2.57B | $2B | $1.93B | - | - | - | - | - | - | - |
|---|
| Buybacks | $226.83M | - | $140.59M | $180.39M | - | $152.59M | $359.77M | $354.11M | $407M | $255.27M | - | - | - | - | - | - | - | - | - |
|---|
Net income
Plotted to scale onMeasure
| $3.96B |
| $3.78B |
| $3.78B |
| $3.65B |
| Selling, general and administrative | $60.89M | $44.74M | $38.51M | $34.97M | $30.34M | $22.57M | $34.86M | $46.54M | $51.97M | $65.08M | $60.33M | $59.96M | $59.8M | $57.14M | $46.32M | $21.27M | $18.12M | $20.99M | $19.59M |
|---|
| Operating income | $3.18B | $3.09B | $2.81B | $2.58B | $2.41B | $1.97B | $2.91B | $2.93B | $2.8B | $2.72B | $2.67B | $2.39B | $2.19B | $2.01B | $1.94B | $1.75B | $1.41B | $1.54B | $1.53B |
|---|
| Net income | $5.36B | $2.73B | $2.62B | $2.45B | $2.57B | $1.28B | $2.42B | $2.82B | $2.24B | $2.13B | $2.14B | $1.65B | $1.55B | $1.72B | $1.25B | $753.51M | $387.26M | $599.54M | $639.24M |
|---|
| Diluted EPS | $14.17 | $7.26 | $6.98 | $6.52 | $6.84 | - | - | - | - | - | - | - | $4.24 | $4.72 | $3.48 | $2.10 | $1.05 | $1.87 | $1.95 |
|---|
| Diluted shares | 326.37M | 326.1M | 326.81M | 327.82M | 328.59M | 308.74M | 307.95M | - | - | - | 310.1M | 310.73M | 310.26M | 303.14M | 293.57M | 291.35M | 268.47M | 225.88M | - |
|---|
| Dividend per share | $8.55 | $8.10 | $7.45 | $6.90 | $5.85 | $6.00 | $8.30 | $7.90 | $7.15 | $6.50 | $6.05 | $5.15 | $4.65 | $4.10 | $3.50 | $2.60 | $2.70 | $3.60 | - |
|---|
| Operating margin | 49.89% | 51.86% | 49.60% | 48.83% | 47.16% | 42.80% | 50.61% | 51.84% | 50.70% | 50.06% | 50.68% | 48.97% | 48.17% | 47.14% | 45.12% | 44.14% | 37.26% | 40.79% | 42.02% |
|---|
| Net margin | 84.28% | 45.76% | 46.25% | 46.35% | 50.20% | 27.72% | 42.10% | 49.99% | 40.61% | 39.28% | 40.63% | 33.91% | 34.15% | 40.40% | 28.93% | 19.04% | 10.26% | 15.85% | 17.51% |
|---|
| $24.86B |
| $25.95B |
| $23.42B |
| - |
| Cash | $823.15M | $1.4B | $1.17B | $621.63M | $533.94M | $1.01B | $669.37M | $514.34M | $1.48B | $560.06M | $701.13M | $612.28M | $1.69B | $1.18B | $798.65M | $796.72M | $3.96B | $773.54M | $501.98M |
|---|
| Short-term investments | - | - | $1B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
|---|
| Total liabilities | $33.9B | $28.81B | $30.6B | $29.19B | $29.38B | $31.13B | $28.1B | $26.66B | $27.83B | $26.01B | $25.32B | $23.56B | $26.31B | $25.52B | $20.4B | $19.14B | $20.23B | $19.66B | - |
|---|
| Total debt | $28.43B | $24.26B | $26.03B | $24.96B | $25.32B | $26.72B | $24.16B | $23.31B | $24.63B | $22.98B | $22.42B | - | - | - | $18.42B | $17.47B | - | - | - |
|---|
| Temporary equity | $233.31M | $184.73M | $195.95M | $212.24M | $547.74M | $185.89M | $219.06M | $230.16M | $190.48M | $137.76M | $25.54M | $25.54M | - | - | - | - | - | - | - |
|---|
| Shareholder equity | $6.47B | $3.41B | $3.49B | $3.61B | $3.85B | $3.47B | $2.91B | $3.8B | $4.24B | $4.96B | $5.22B | $5.95B | $6.82B | $6.89B | $5.54B | $5.63B | $5.18B | $3.1B | $3.41B |
|---|
| 13.37% |
| 7.47% |
| 19.33% |
| 18.72% |
| Return on invested capital | 9.04% | 11.10% | 9.44% | 8.98% | 8.12% | 6.49% | 10.67% | 10.71% | 9.64% | 9.69% | 9.65% | 39.91% | 32.08% | 29.10% | 8.11% | 7.56% | 27.14% | 49.74% | 44.93% |
|---|
| Revenue growth | 6.72% | 5.39% | 6.94% | 3.41% | 11.05% | −19.94% | 1.95% | 2.13% | 1.69% | 3.21% | 8.12% | 7.20% | 6.76% | −1.17% | 8.81% | 4.83% | −0.21% | 3.63% | - |
|---|
| EPS growth | 95.18% | 4.01% | 7.06% | −4.68% | - | - | - | - | - | - | - | - | −10.17% | 35.63% | 65.71% | 100.00% | −43.85% | −4.10% | - |
|---|