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Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) and JBG SMITH Properties (JBGS). Click either name above to swap in a different company.
JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $92.1M, roughly 1.4× FLYEXCLUSIVE INC.). FLYEXCLUSIVE INC. runs the higher net margin — -4.6% vs -35.7%, a 31.1% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs -2.5%). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% CAGR vs -6.3%).
FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
FLYX vs JBGS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $92.1M | $127.6M |
| Net Profit | $-4.3M | $-45.5M |
| Gross Margin | 13.7% | — |
| Operating Margin | -12.3% | -47.5% |
| Net Margin | -4.6% | -35.7% |
| Revenue YoY | 19.8% | -2.5% |
| Net Profit YoY | 32.0% | 24.0% |
| EPS (diluted) | $-0.25 | $-0.76 |
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.
| Q4 25 | — | $127.6M | ||
| Q3 25 | $92.1M | $123.9M | ||
| Q2 25 | $91.3M | $126.5M | ||
| Q1 25 | $88.1M | $120.7M | ||
| Q4 24 | — | $130.8M | ||
| Q3 24 | $76.9M | $136.0M | ||
| Q2 24 | $79.0M | $135.3M | ||
| Q1 24 | $80.0M | $145.2M |
| Q4 25 | — | $-45.5M | ||
| Q3 25 | $-4.3M | $-28.6M | ||
| Q2 25 | $-4.8M | $-19.2M | ||
| Q1 25 | $-5.4M | $-45.7M | ||
| Q4 24 | — | $-59.9M | ||
| Q3 24 | $-6.3M | $-27.0M | ||
| Q2 24 | $-5.2M | $-24.4M | ||
| Q1 24 | $-5.8M | $-32.3M |
| Q4 25 | — | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 12.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 7.2% | — |
| Q4 25 | — | -47.5% | ||
| Q3 25 | -12.3% | -27.5% | ||
| Q2 25 | -13.5% | -18.4% | ||
| Q1 25 | -16.7% | -44.7% | ||
| Q4 24 | — | -53.6% | ||
| Q3 24 | -27.2% | -22.4% | ||
| Q2 24 | -27.6% | -24.3% | ||
| Q1 24 | -34.3% | -30.1% |
| Q4 25 | — | -35.7% | ||
| Q3 25 | -4.6% | -23.1% | ||
| Q2 25 | -5.2% | -15.2% | ||
| Q1 25 | -6.2% | -37.9% | ||
| Q4 24 | — | -45.8% | ||
| Q3 24 | -8.2% | -19.8% | ||
| Q2 24 | -6.5% | -18.0% | ||
| Q1 24 | -7.3% | -22.2% |
| Q4 25 | — | $-0.76 | ||
| Q3 25 | $-0.25 | $-0.48 | ||
| Q2 25 | $-0.26 | $-0.29 | ||
| Q1 25 | $-0.30 | $-0.56 | ||
| Q4 24 | — | $-0.70 | ||
| Q3 24 | $-0.32 | $-0.32 | ||
| Q2 24 | $-0.32 | $-0.27 | ||
| Q1 24 | $-0.35 | $-0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.7M | $75.3M |
| Total DebtLower is stronger | $123.9M | — |
| Stockholders' EquityBook value | $-434.2M | $1.2B |
| Total Assets | $448.1M | $4.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $75.3M | ||
| Q3 25 | $18.7M | $64.4M | ||
| Q2 25 | $15.8M | $61.4M | ||
| Q1 25 | $14.7M | $81.3M | ||
| Q4 24 | — | $145.8M | ||
| Q3 24 | $18.7M | $137.0M | ||
| Q2 24 | $9.3M | $163.5M | ||
| Q1 24 | $5.3M | $220.5M |
| Q4 25 | — | — | ||
| Q3 25 | $123.9M | — | ||
| Q2 25 | $111.6M | — | ||
| Q1 25 | $121.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $197.9M | — | ||
| Q2 24 | $206.3M | — | ||
| Q1 24 | $209.4M | — |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $-434.2M | $1.2B | ||
| Q2 25 | $-261.4M | $1.3B | ||
| Q1 25 | $-281.5M | $1.6B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $-192.0M | $1.9B | ||
| Q2 24 | $-149.7M | $2.0B | ||
| Q1 24 | $-149.5M | $2.1B |
| Q4 25 | — | $4.4B | ||
| Q3 25 | $448.1M | $4.4B | ||
| Q2 25 | $443.4M | $4.5B | ||
| Q1 25 | $466.8M | $4.7B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | $487.1M | $5.2B | ||
| Q2 24 | $494.7M | $5.3B | ||
| Q1 24 | $524.1M | $5.4B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | ||
|---|---|---|
| Operating Cash FlowLast quarter | $-209.0K | $73.3M |
| Free Cash FlowOCF − Capex | $-11.0M | — |
| FCF MarginFCF / Revenue | -12.0% | — |
| Capex IntensityCapex / Revenue | 11.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $73.3M | ||
| Q3 25 | $-209.0K | $8.9M | ||
| Q2 25 | $363.0K | $18.8M | ||
| Q1 25 | $-10.5M | $12.9M | ||
| Q4 24 | — | $129.4M | ||
| Q3 24 | $-12.3M | $26.4M | ||
| Q2 24 | $-16.2M | $23.8M | ||
| Q1 24 | $-26.0M | $37.0M |
| Q4 25 | — | — | ||
| Q3 25 | $-11.0M | — | ||
| Q2 25 | $353.0K | — | ||
| Q1 25 | $-14.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-25.7M | — | ||
| Q2 24 | $-26.6M | — | ||
| Q1 24 | $-64.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | -12.0% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | -16.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -33.5% | — | ||
| Q2 24 | -33.7% | — | ||
| Q1 24 | -80.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | 11.7% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.5% | — | ||
| Q2 24 | 13.2% | — | ||
| Q1 24 | 48.2% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.