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Side-by-side financial comparison of BGSF, INC. (BGSF) and John Marshall Bancorp, Inc. (JMSB). Click either name above to swap in a different company.

BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $16.8M, roughly 1.3× John Marshall Bancorp, Inc.). John Marshall Bancorp, Inc. runs the higher net margin — 36.3% vs -5.3%, a 41.6% gap on every dollar of revenue. Over the past eight quarters, John Marshall Bancorp, Inc.'s revenue compounded faster (15.3% CAGR vs -5.3%).

BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.

John Marshall Bancorp, Inc. is a U.S.-based bank holding company that operates through its wholly owned subsidiary John Marshall Bank. It provides a full suite of commercial and consumer banking products including deposit accounts, commercial loans, residential mortgages, and personal financial services, primarily serving retail customers and small-to-mid-sized businesses across the U.S. Mid-Atlantic region.

BGSF vs JMSB — Head-to-Head

Bigger by revenue
BGSF
BGSF
1.3× larger
BGSF
$22.0M
$16.8M
JMSB
Higher net margin
JMSB
JMSB
41.6% more per $
JMSB
36.3%
-5.3%
BGSF
Faster 2-yr revenue CAGR
JMSB
JMSB
Annualised
JMSB
15.3%
-5.3%
BGSF

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BGSF
BGSF
JMSB
JMSB
Revenue
$22.0M
$16.8M
Net Profit
$-1.2M
$6.1M
Gross Margin
35.0%
Operating Margin
-17.6%
Net Margin
-5.3%
36.3%
Revenue YoY
-9.4%
Net Profit YoY
-18.2%
26.8%
EPS (diluted)
$-0.12
$0.43

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BGSF
BGSF
JMSB
JMSB
Q1 26
$16.8M
Q4 25
$22.0M
$16.4M
Q3 25
$26.9M
$16.3M
Q2 25
$23.5M
$15.4M
Q1 25
$20.9M
$14.6M
Q4 24
$24.3M
$14.3M
Q3 24
$29.8M
$13.8M
Q2 24
$25.7M
$12.6M
Net Profit
BGSF
BGSF
JMSB
JMSB
Q1 26
$6.1M
Q4 25
$-1.2M
$5.9M
Q3 25
$-5.8M
$5.4M
Q2 25
$-3.7M
$5.1M
Q1 25
$-722.0K
$4.8M
Q4 24
$-981.0K
$4.8M
Q3 24
$-804.0K
$4.2M
Q2 24
$-761.0K
$3.9M
Gross Margin
BGSF
BGSF
JMSB
JMSB
Q1 26
Q4 25
35.0%
Q3 25
35.9%
Q2 25
35.8%
Q1 25
36.2%
Q4 24
35.9%
Q3 24
35.9%
Q2 24
37.3%
Operating Margin
BGSF
BGSF
JMSB
JMSB
Q1 26
Q4 25
-17.6%
47.4%
Q3 25
-3.5%
42.2%
Q2 25
-18.8%
42.7%
Q1 25
1.6%
42.4%
Q4 24
-15.7%
42.5%
Q3 24
-3.4%
38.8%
Q2 24
-5.7%
39.7%
Net Margin
BGSF
BGSF
JMSB
JMSB
Q1 26
36.3%
Q4 25
-5.3%
36.2%
Q3 25
-21.6%
33.2%
Q2 25
-15.9%
33.1%
Q1 25
-3.5%
32.9%
Q4 24
-4.0%
33.3%
Q3 24
-2.7%
30.7%
Q2 24
-3.0%
30.9%
EPS (diluted)
BGSF
BGSF
JMSB
JMSB
Q1 26
$0.43
Q4 25
$-0.12
$0.41
Q3 25
$-0.52
$0.38
Q2 25
$-0.34
$0.36
Q1 25
$-0.06
$0.34
Q4 24
$0.33
Q3 24
$-0.07
$0.30
Q2 24
$-0.07
$0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BGSF
BGSF
JMSB
JMSB
Cash + ST InvestmentsLiquidity on hand
$150.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$48.1M
$268.1M
Total Assets
$57.8M
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGSF
BGSF
JMSB
JMSB
Q1 26
$150.2M
Q4 25
$130.0M
Q3 25
$41.2M
$163.6M
Q2 25
$2.8M
$116.9M
Q1 25
$2.0M
$169.1M
Q4 24
$32.0K
$122.5M
Q3 24
$262
$177.2M
Q2 24
$226
$182.6M
Total Debt
BGSF
BGSF
JMSB
JMSB
Q1 26
Q4 25
$80.9M
Q3 25
$80.9M
Q2 25
$80.8M
Q1 25
$80.8M
Q4 24
$80.8M
Q3 24
$80.8M
Q2 24
$24.7M
Stockholders' Equity
BGSF
BGSF
JMSB
JMSB
Q1 26
$268.1M
Q4 25
$48.1M
$265.6M
Q3 25
$50.7M
$259.7M
Q2 25
$78.3M
$253.7M
Q1 25
$81.8M
$253.0M
Q4 24
$82.3M
$246.6M
Q3 24
$82.9M
$243.1M
Q2 24
$83.2M
$235.3M
Total Assets
BGSF
BGSF
JMSB
JMSB
Q1 26
$2.4B
Q4 25
$57.8M
$2.3B
Q3 25
$83.6M
$2.3B
Q2 25
$149.7M
$2.3B
Q1 25
$152.3M
$2.3B
Q4 24
$150.1M
$2.2B
Q3 24
$157.3K
$2.3B
Q2 24
$159.8K
$2.3B
Debt / Equity
BGSF
BGSF
JMSB
JMSB
Q1 26
Q4 25
0.30×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.33×
Q3 24
0.33×
Q2 24
0.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BGSF
BGSF
JMSB
JMSB
Operating Cash FlowLast quarter
$1.7M
Free Cash FlowOCF − Capex
$1.7M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-16.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGSF
BGSF
JMSB
JMSB
Q1 26
Q4 25
$1.7M
$22.6M
Q3 25
$-4.8M
$1.2M
Q2 25
$2.2M
$7.5M
Q1 25
$1.1M
$7.0M
Q4 24
$3.2M
$17.3M
Q3 24
$6.5M
$1.4M
Q2 24
$7.3M
$10.2M
Free Cash Flow
BGSF
BGSF
JMSB
JMSB
Q1 26
Q4 25
$1.7M
$22.0M
Q3 25
$-4.9M
$1.2M
Q2 25
$2.1M
$7.4M
Q1 25
$1.0M
$6.6M
Q4 24
$2.5M
$16.8M
Q3 24
$6.5M
$1.3M
Q2 24
$7.3M
$10.1M
FCF Margin
BGSF
BGSF
JMSB
JMSB
Q1 26
Q4 25
7.6%
134.7%
Q3 25
-18.1%
7.3%
Q2 25
9.1%
47.8%
Q1 25
5.0%
45.3%
Q4 24
10.2%
116.9%
Q3 24
21.7%
9.5%
Q2 24
28.5%
80.1%
Capex Intensity
BGSF
BGSF
JMSB
JMSB
Q1 26
Q4 25
0.1%
3.4%
Q3 25
0.4%
0.2%
Q2 25
0.0%
1.0%
Q1 25
0.1%
2.3%
Q4 24
3.0%
3.4%
Q3 24
0.0%
0.8%
Q2 24
0.0%
0.4%
Cash Conversion
BGSF
BGSF
JMSB
JMSB
Q1 26
Q4 25
3.82×
Q3 25
0.23×
Q2 25
1.48×
Q1 25
1.45×
Q4 24
3.61×
Q3 24
0.33×
Q2 24
2.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BGSF
BGSF

Contract Field Talent$21.4M97%
Other$595.0K3%

JMSB
JMSB

Net Interest Income$16.5M98%
Noninterest Income$284.0K2%

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