Company / Operating Margin
Simon Property Group Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
49.4%
FY2025
5-year range
42.8% / 51.9%
FY2021-FY2025
Trend
-4.7%
vs FY2024
Sector context
#17 of 70
Real Estate
What the data says
Simon Property Group's operating margin of 49.4% is higher than 76% of companies in the Real Estate sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 42.8% in FY2022 to 51.9% in FY2024.
Based on SEC 10-K filings.
49.4% in FY2025 with a 5-year CAGR of -2.4%. Top quartile in the Real Estate sector.
Improved from 47.2% to 49.4% over the past 2 years.
Real Estate sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +6.6pp
- 5-Year Change
- -2.4pp
- 10-Year Change
- -
Sector benchmark
+80.2% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 4.7% year-over-year.
- Currently 22.0pp above the Real Estate sector average.
- Peak operating margin was recorded in FY2024.
- Lowest operating margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.06 (distress zone, below 1.8 threshold)
- Strong profit margin: 45.8%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 49.4% | -4.7% |
| FY2024 | 51.9% | +10.0% |
| FY2023 | 47.2% | +10.2% |
| FY2022 | 42.8% | -15.4% |
| FY2021 | 50.6% | -2.4% |
| FY2020 | 51.8% | +2.2% |
| FY2019 | 50.7% | +1.3% |
| FY2018 | 50.1% | -1.2% |
| FY2017 | 50.7% | +3.5% |
| FY2016 | 49.0% | -3.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026