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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) 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 $98.7M, roughly 1.3× GCL Global Holdings Ltd). GCL Global Holdings Ltd runs the higher net margin — -5.2% vs -18.1%, a 12.9% gap on every dollar of revenue.
GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
GCL vs JBGS — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $98.7M | $127.6M |
| Net Profit | $-5.1M | $-23.0M |
| Gross Margin | 11.0% | — |
| Operating Margin | -6.7% | — |
| Net Margin | -5.2% | -18.1% |
| Revenue YoY | — | 5.7% |
| Net Profit YoY | — | 57.1% |
| EPS (diluted) | $-0.04 | $-0.32 |
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.
| Q1 26 | — | $127.6M | ||
| Q4 25 | — | $127.6M | ||
| Q3 25 | $98.7M | $123.9M | ||
| Q2 25 | $142.1M | $126.5M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | — | $130.8M | ||
| Q3 24 | $36.1M | $136.0M | ||
| Q2 24 | — | $135.3M |
| Q1 26 | — | $-23.0M | ||
| Q4 25 | — | $-45.5M | ||
| Q3 25 | $-5.1M | $-28.6M | ||
| Q2 25 | $5.6M | $-19.2M | ||
| Q1 25 | — | $-45.7M | ||
| Q4 24 | — | $-59.9M | ||
| Q3 24 | $-1.9M | $-27.0M | ||
| Q2 24 | — | $-24.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | -47.5% | ||
| Q3 25 | -6.7% | -27.5% | ||
| Q2 25 | 2.3% | -18.4% | ||
| Q1 25 | — | -44.7% | ||
| Q4 24 | — | -53.6% | ||
| Q3 24 | -5.6% | -22.4% | ||
| Q2 24 | — | -24.3% |
| Q1 26 | — | -18.1% | ||
| Q4 25 | — | -35.7% | ||
| Q3 25 | -5.2% | -23.1% | ||
| Q2 25 | 3.9% | -15.2% | ||
| Q1 25 | — | -37.9% | ||
| Q4 24 | — | -45.8% | ||
| Q3 24 | -5.2% | -19.8% | ||
| Q2 24 | — | -18.0% |
| Q1 26 | — | $-0.32 | ||
| Q4 25 | — | $-0.76 | ||
| Q3 25 | $-0.04 | $-0.48 | ||
| Q2 25 | $0.05 | $-0.29 | ||
| Q1 25 | — | $-0.56 | ||
| Q4 24 | — | $-0.70 | ||
| Q3 24 | — | $-0.32 | ||
| Q2 24 | — | $-0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.6M | — |
| Total DebtLower is stronger | $52.0M | — |
| Stockholders' EquityBook value | $33.1M | — |
| Total Assets | $159.9M | $4.3B |
| Debt / EquityLower = less leverage | 1.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $75.3M | ||
| Q3 25 | $16.6M | $64.4M | ||
| Q2 25 | $18.2M | $61.4M | ||
| Q1 25 | — | $81.3M | ||
| Q4 24 | — | $145.8M | ||
| Q3 24 | $2.7M | $137.0M | ||
| Q2 24 | — | $163.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $52.0M | — | ||
| Q2 25 | $11.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $33.1M | $1.2B | ||
| Q2 25 | $35.9M | $1.3B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $15.9M | $1.9B | ||
| Q2 24 | — | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | $159.9M | $4.4B | ||
| Q2 25 | $101.6M | $4.5B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | $49.6M | $5.2B | ||
| Q2 24 | — | $5.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-4.8M | — |
| Free Cash FlowOCF − Capex | $-5.2M | — |
| FCF MarginFCF / Revenue | -5.3% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $73.3M | ||
| Q3 25 | $-4.8M | $8.9M | ||
| Q2 25 | $-10.3M | $18.8M | ||
| Q1 25 | — | $12.9M | ||
| Q4 24 | — | $129.4M | ||
| Q3 24 | $6.1M | $26.4M | ||
| Q2 24 | — | $23.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-5.2M | — | ||
| Q2 25 | $-10.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -5.3% | — | ||
| Q2 25 | -7.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -1.84× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GCL
Segment breakdown not available.
JBGS
| Property rental | $105.9M | 83% |
| Third-party real estate services, including reimbursements | $17.2M | 13% |
| Other revenue | $4.5M | 4% |
