Simon Property Group (SPG) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 90.3%
EBITDA Margin: 69.5%
Op. Margin: 43.4%
Net Margin: 27.3%

Op. margin of 43.4% is down 6.0% YoY — costs are rising relative to revenue. Net margin at 27.3% and gross margin of 90.3% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit