HST vs SPG
Host Hotels & Resorts, Inc. and Simon Property Group Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | HST | SPG |
|---|---|---|
| Revenue | $6.1B | $6.4B |
| Net income | $765.0M | $5.4B |
| Gross margin | 97.5% | 98.1% |
| Net margin | 12.7% | 84.3% |
| Return on equity | 11.6% | · |
| Diluted EPS | $1.10 | $14.17 |
| Dividend / share | $0.95 | $8.55 |
| Payout ratio | 81.4% | · |
| Free cash flow | · | $3.2B |
| Equity | $6.6B | $5.2B |
| Net debt / equity | 0.08× | 5.30× |
| Current ratio | · | · |
| Revenue CAGR 5y | 30.4% | 6.7% |
| Profit CAGR 5y | · | 33.2% |
HST and SPG book revenue within 15% of each other, and SPG keeps more of each dollar of revenue as profit (84.3% against 12.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | HST | SPG |
|---|---|---|
| FY2025 | $6.1B | $6.4B |
| FY2024 | $5.7B | $6.0B |
| FY2023 | $5.3B | $5.7B |
| FY2022 | $4.9B | $5.3B |
| FY2021 | $2.9B | $5.1B |
| FY2020 | $1.6B | $4.6B |
| FY2019 | $5.5B | $5.8B |
| FY2018 | $5.5B | $5.6B |
| FY2017 | $5.4B | $5.5B |
| FY2016 | $5.4B | $5.4B |
Bottom line
| Fiscal year | HST | SPG |
|---|---|---|
| FY2025 | $765.0M | $5.4B |
| FY2024 | $697.0M | $2.7B |
| FY2023 | $740.0M | $2.6B |
| FY2022 | $633.0M | $2.5B |
| FY2021 | $-11.0M | $2.6B |
| FY2020 | $-732.0M | $1.3B |
| FY2019 | $920.0M | $2.4B |
| FY2018 | $1.1B | $2.8B |
| FY2017 | $564.0M | $2.2B |
| FY2016 | $762.0M | $2.1B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$250,505,000 | SPG |
| FY2024 | −$279,798,000 | SPG |
| FY2023 | −$347,836,000 | SPG |
| FY2022 | −$384,447,000 | SPG |
| FY2021 | −$2,226,789,000 | SPG |
| FY2020 | −$2,987,503,000 | SPG |
| FY2019 | −$286,189,000 | SPG |
| FY2018 | −$121,288,000 | SPG |
| FY2017 | −$140,336,000 | SPG |
| FY2016 | −$5,229,000 | SPG |
| FY2015 | +$83,897,000 | HST |
| FY2014 | +$450,182,000 | HST |
| FY2013 | +$622,151,000 | HST |
| FY2012 | +$802,843,000 | HST |
| FY2011 | +$407,568,000 | HST |
| FY2010 | +$403,370,000 | HST |
| FY2009 | +$359,784,000 | HST |
| FY2008 | +$1,335,845,000 | HST |
| FY2007 | +$1,598,201,000 | HST |
The higher-revenue side has changed between HST and SPG over this period. The gap has narrowed since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −71.6 pp | SPG |
| FY2024 | −33.3 pp | SPG |
| FY2023 | −32.1 pp | SPG |
| FY2022 | −33.2 pp | SPG |
| FY2021 | −50.6 pp | SPG |
| FY2020 | −73.5 pp | SPG |
| FY2019 | −25.1 pp | SPG |
| FY2018 | −29.2 pp | SPG |
| FY2017 | −30.0 pp | SPG |
| FY2016 | −25.1 pp | SPG |
| FY2015 | −30.1 pp | SPG |
| FY2014 | −20.0 pp | SPG |
| FY2013 | −27.9 pp | SPG |
| FY2012 | −39.2 pp | SPG |
| FY2011 | −29.3 pp | SPG |
| FY2009 | −16.5 pp | SPG |
| FY2008 | −7.8 pp | SPG |
| FY2007 | −3.5 pp | SPG |
SPG has kept the higher net margin in every one of these 18 fiscal years.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SPG's net margin has been more volatile than HST's over the 18 comparable fiscal years — 15.9 percentage points of standard deviation against 14.4.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
SPG led in net margin in every one of the 18 comparable fiscal years — a structural lead, not a recent swing.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.