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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $121.0M, roughly 1.1× Ramaco Resources, Inc.). Ramaco Resources, Inc. runs the higher net margin — -11.0% vs -35.7%, a 24.7% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -27.7%). Over the past eight quarters, JBG SMITH Properties's revenue compounded faster (-6.3% CAGR vs -22.7%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
JBGS vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $121.0M |
| Net Profit | $-45.5M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | -47.5% | -12.0% |
| Net Margin | -35.7% | -11.0% |
| Revenue YoY | -2.5% | -27.7% |
| Net Profit YoY | 24.0% | -5468.2% |
| EPS (diluted) | $-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 | $123.9M | $121.0M | ||
| Q2 25 | $126.5M | $153.0M | ||
| Q1 25 | $120.7M | $134.7M | ||
| Q4 24 | $130.8M | $170.9M | ||
| Q3 24 | $136.0M | $167.4M | ||
| Q2 24 | $135.3M | $155.3M | ||
| Q1 24 | $145.2M | $172.7M |
| Q4 25 | $-45.5M | — | ||
| Q3 25 | $-28.6M | $-13.3M | ||
| Q2 25 | $-19.2M | $-14.0M | ||
| Q1 25 | $-45.7M | $-9.5M | ||
| Q4 24 | $-59.9M | $3.9M | ||
| Q3 24 | $-27.0M | $-239.0K | ||
| Q2 24 | $-24.4M | $5.5M | ||
| Q1 24 | $-32.3M | $2.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | -47.5% | — | ||
| Q3 25 | -27.5% | -12.0% | ||
| Q2 25 | -18.4% | -9.1% | ||
| Q1 25 | -44.7% | -8.9% | ||
| Q4 24 | -53.6% | 3.7% | ||
| Q3 24 | -22.4% | 1.0% | ||
| Q2 24 | -24.3% | 3.5% | ||
| Q1 24 | -30.1% | 1.9% |
| Q4 25 | -35.7% | — | ||
| Q3 25 | -23.1% | -11.0% | ||
| Q2 25 | -15.2% | -9.1% | ||
| Q1 25 | -37.9% | -7.0% | ||
| Q4 24 | -45.8% | 2.3% | ||
| Q3 24 | -19.8% | -0.1% | ||
| Q2 24 | -18.0% | 3.6% | ||
| Q1 24 | -22.2% | 1.2% |
| Q4 25 | $-0.76 | — | ||
| Q3 25 | $-0.48 | — | ||
| Q2 25 | $-0.29 | — | ||
| Q1 25 | $-0.56 | — | ||
| Q4 24 | $-0.70 | $0.06 | ||
| Q3 24 | $-0.32 | $-0.03 | ||
| Q2 24 | $-0.27 | $0.08 | ||
| Q1 24 | $-0.36 | $0.00 |
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 | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $1.2B | $526.9M |
| Total Assets | $4.4B | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | — | ||
| Q3 25 | $64.4M | $193.8M | ||
| Q2 25 | $61.4M | $28.1M | ||
| Q1 25 | $81.3M | $43.5M | ||
| Q4 24 | $145.8M | $33.0M | ||
| Q3 24 | $137.0M | $22.9M | ||
| Q2 24 | $163.5M | $27.6M | ||
| Q1 24 | $220.5M | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $526.9M | ||
| Q2 25 | $1.3B | $347.4M | ||
| Q1 25 | $1.6B | $355.2M | ||
| Q4 24 | $1.8B | $362.8M | ||
| Q3 24 | $1.9B | $361.8M | ||
| Q2 24 | $2.0B | $366.1M | ||
| Q1 24 | $2.1B | $372.3M |
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | $849.7M | ||
| Q2 25 | $4.5B | $674.6M | ||
| Q1 25 | $4.7B | $685.7M | ||
| Q4 24 | $5.0B | $674.7M | ||
| Q3 24 | $5.2B | $645.4M | ||
| Q2 24 | $5.3B | $659.2M | ||
| Q1 24 | $5.4B | $674.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $73.3M | $-1.4M |
| Free Cash FlowOCF − Capex | — | $-17.5M |
| FCF MarginFCF / Revenue | — | -14.5% |
| Capex IntensityCapex / Revenue | — | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | — | ||
| Q3 25 | $8.9M | $-1.4M | ||
| Q2 25 | $18.8M | $-4.3M | ||
| Q1 25 | $12.9M | $26.0M | ||
| Q4 24 | $129.4M | $15.7M | ||
| Q3 24 | $26.4M | $37.4M | ||
| Q2 24 | $23.8M | $34.4M | ||
| Q1 24 | $37.0M | $25.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-17.5M | ||
| Q2 25 | — | $-19.8M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $25.6M | ||
| Q2 24 | — | $20.3M | ||
| Q1 24 | — | $6.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | -14.5% | ||
| Q2 25 | — | -13.0% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | 10.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.21× | ||
| Q1 24 | — | 12.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
