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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Mayville Engineering Company, Inc. is the larger business by last-quarter revenue ($134.3M vs $127.6M, roughly 1.1× JBG SMITH Properties). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -35.7%, a 32.5% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -2.5%). Over the past eight quarters, JBG SMITH Properties's revenue compounded faster (-6.3% CAGR vs -8.8%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
JBGS vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $134.3M |
| Net Profit | $-45.5M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | -47.5% | -4.1% |
| Net Margin | -35.7% | -3.2% |
| Revenue YoY | -2.5% | 10.7% |
| Net Profit YoY | 24.0% | -127.3% |
| EPS (diluted) | $-0.76 | $-0.22 |
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 | $134.3M | ||
| Q3 25 | $123.9M | $144.3M | ||
| Q2 25 | $126.5M | $132.3M | ||
| Q1 25 | $120.7M | $135.6M | ||
| Q4 24 | $130.8M | $121.3M | ||
| Q3 24 | $136.0M | $135.4M | ||
| Q2 24 | $135.3M | $163.6M | ||
| Q1 24 | $145.2M | $161.3M |
| Q4 25 | $-45.5M | $-4.4M | ||
| Q3 25 | $-28.6M | $-2.7M | ||
| Q2 25 | $-19.2M | $-1.1M | ||
| Q1 25 | $-45.7M | $20.0K | ||
| Q4 24 | $-59.9M | $16.0M | ||
| Q3 24 | $-27.0M | $3.0M | ||
| Q2 24 | $-24.4M | $3.8M | ||
| Q1 24 | $-32.3M | $3.2M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 13.6% | ||
| Q1 24 | — | 13.0% |
| Q4 25 | -47.5% | -4.1% | ||
| Q3 25 | -27.5% | 0.0% | ||
| Q2 25 | -18.4% | 0.1% | ||
| Q1 25 | -44.7% | 1.2% | ||
| Q4 24 | -53.6% | 19.0% | ||
| Q3 24 | -22.4% | 4.2% | ||
| Q2 24 | -24.3% | 5.0% | ||
| Q1 24 | -30.1% | 4.7% |
| Q4 25 | -35.7% | -3.2% | ||
| Q3 25 | -23.1% | -1.9% | ||
| Q2 25 | -15.2% | -0.8% | ||
| Q1 25 | -37.9% | 0.0% | ||
| Q4 24 | -45.8% | 13.2% | ||
| Q3 24 | -19.8% | 2.2% | ||
| Q2 24 | -18.0% | 2.3% | ||
| Q1 24 | -22.2% | 2.0% |
| Q4 25 | $-0.76 | $-0.22 | ||
| Q3 25 | $-0.48 | $-0.13 | ||
| Q2 25 | $-0.29 | $-0.05 | ||
| Q1 25 | $-0.56 | $0.00 | ||
| Q4 24 | $-0.70 | $0.76 | ||
| Q3 24 | $-0.32 | $0.14 | ||
| Q2 24 | $-0.27 | $0.18 | ||
| Q1 24 | $-0.36 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.3M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $240.7M |
| Total Assets | $4.4B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $1.5M | ||
| Q3 25 | $64.4M | $1.2M | ||
| Q2 25 | $61.4M | $206.0K | ||
| Q1 25 | $81.3M | $183.0K | ||
| Q4 24 | $145.8M | $206.0K | ||
| Q3 24 | $137.0M | $178.0K | ||
| Q2 24 | $163.5M | $314.0K | ||
| Q1 24 | $220.5M | $314.0K |
| Q4 25 | $1.2B | $240.7M | ||
| Q3 25 | $1.2B | $244.8M | ||
| Q2 25 | $1.3B | $246.8M | ||
| Q1 25 | $1.6B | $250.0M | ||
| Q4 24 | $1.8B | $251.8M | ||
| Q3 24 | $1.9B | $238.4M | ||
| Q2 24 | $2.0B | $238.1M | ||
| Q1 24 | $2.1B | $234.0M |
| Q4 25 | $4.4B | $563.6M | ||
| Q3 25 | $4.4B | $585.6M | ||
| Q2 25 | $4.5B | $433.7M | ||
| Q1 25 | $4.7B | $447.7M | ||
| Q4 24 | $5.0B | $445.6M | ||
| Q3 24 | $5.2B | $466.0M | ||
| Q2 24 | $5.3B | $488.2M | ||
| Q1 24 | $5.4B | $499.9M |
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 | $73.3M | $13.4M |
| Free Cash FlowOCF − Capex | — | $10.2M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $13.4M | ||
| Q3 25 | $8.9M | $1.9M | ||
| Q2 25 | $18.8M | $15.0M | ||
| Q1 25 | $12.9M | $8.3M | ||
| Q4 24 | $129.4M | $38.0M | ||
| Q3 24 | $26.4M | $17.9M | ||
| Q2 24 | $23.8M | $23.3M | ||
| Q1 24 | $37.0M | $10.6M |
| Q4 25 | — | $10.2M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | — | $15.1M | ||
| Q2 24 | — | $19.2M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 416.65× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 6.03× | ||
| Q2 24 | — | 6.15× | ||
| Q1 24 | — | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
