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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and MILLER INDUSTRIES INC (MLR). Click either name above to swap in a different company.

MILLER INDUSTRIES INC is the larger business by last-quarter revenue ($171.9M vs $127.6M, roughly 1.3× JBG SMITH Properties). On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -22.5%). Over the past eight quarters, JBG SMITH Properties's revenue compounded faster (-6.3% CAGR vs -29.9%).

JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...

JBGS vs MLR — Head-to-Head

Bigger by revenue
MLR
MLR
1.3× larger
MLR
$171.9M
$127.6M
JBGS
Growing faster (revenue YoY)
JBGS
JBGS
+20.1% gap
JBGS
-2.5%
-22.5%
MLR
Faster 2-yr revenue CAGR
JBGS
JBGS
Annualised
JBGS
-6.3%
-29.9%
MLR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBGS
JBGS
MLR
MLR
Revenue
$127.6M
$171.9M
Net Profit
$-45.5M
Gross Margin
15.4%
Operating Margin
-47.5%
2.9%
Net Margin
-35.7%
Revenue YoY
-2.5%
-22.5%
Net Profit YoY
24.0%
EPS (diluted)
$-0.76
$0.29

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
JBGS
JBGS
MLR
MLR
Q4 25
$127.6M
$171.9M
Q3 25
$123.9M
$178.7M
Q2 25
$126.5M
$214.0M
Q1 25
$120.7M
$225.7M
Q4 24
$130.8M
$221.9M
Q3 24
$136.0M
$314.3M
Q2 24
$135.3M
$371.5M
Q1 24
$145.2M
$349.9M
Net Profit
JBGS
JBGS
MLR
MLR
Q4 25
$-45.5M
Q3 25
$-28.6M
$3.1M
Q2 25
$-19.2M
$8.5M
Q1 25
$-45.7M
$8.1M
Q4 24
$-59.9M
Q3 24
$-27.0M
$15.4M
Q2 24
$-24.4M
$20.5M
Q1 24
$-32.3M
$17.0M
Gross Margin
JBGS
JBGS
MLR
MLR
Q4 25
15.4%
Q3 25
14.2%
Q2 25
16.2%
Q1 25
15.0%
Q4 24
15.1%
Q3 24
13.4%
Q2 24
13.8%
Q1 24
12.6%
Operating Margin
JBGS
JBGS
MLR
MLR
Q4 25
-47.5%
2.9%
Q3 25
-27.5%
2.4%
Q2 25
-18.4%
5.3%
Q1 25
-44.7%
4.8%
Q4 24
-53.6%
5.7%
Q3 24
-22.4%
6.3%
Q2 24
-24.3%
7.1%
Q1 24
-30.1%
6.1%
Net Margin
JBGS
JBGS
MLR
MLR
Q4 25
-35.7%
Q3 25
-23.1%
1.7%
Q2 25
-15.2%
4.0%
Q1 25
-37.9%
3.6%
Q4 24
-45.8%
Q3 24
-19.8%
4.9%
Q2 24
-18.0%
5.5%
Q1 24
-22.2%
4.9%
EPS (diluted)
JBGS
JBGS
MLR
MLR
Q4 25
$-0.76
$0.29
Q3 25
$-0.48
$0.27
Q2 25
$-0.29
$0.73
Q1 25
$-0.56
$0.69
Q4 24
$-0.70
$0.89
Q3 24
$-0.32
$1.33
Q2 24
$-0.27
$1.78
Q1 24
$-0.36
$1.47

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
MLR
MLR
Cash + ST InvestmentsLiquidity on hand
$75.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$420.6M
Total Assets
$4.4B
$589.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
MLR
MLR
Q4 25
$75.3M
Q3 25
$64.4M
Q2 25
$61.4M
Q1 25
$81.3M
Q4 24
$145.8M
Q3 24
$137.0M
Q2 24
$163.5M
Q1 24
$220.5M
Stockholders' Equity
JBGS
JBGS
MLR
MLR
Q4 25
$1.2B
$420.6M
Q3 25
$1.2B
$420.7M
Q2 25
$1.3B
$418.6M
Q1 25
$1.6B
$406.5M
Q4 24
$1.8B
$401.0M
Q3 24
$1.9B
$395.2M
Q2 24
$2.0B
$379.9M
Q1 24
$2.1B
$362.4M
Total Assets
JBGS
JBGS
MLR
MLR
Q4 25
$4.4B
$589.7M
Q3 25
$4.4B
$604.3M
Q2 25
$4.5B
$622.9M
Q1 25
$4.7B
$639.7M
Q4 24
$5.0B
$667.0M
Q3 24
$5.2B
$755.3M
Q2 24
$5.3B
$748.2M
Q1 24
$5.4B
$696.5M

Cash Flow & Capital Efficiency

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

Metric
JBGS
JBGS
MLR
MLR
Operating Cash FlowLast quarter
$73.3M
$48.9M
Free Cash FlowOCF − Capex
$43.8M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$85.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
MLR
MLR
Q4 25
$73.3M
$48.9M
Q3 25
$8.9M
$19.9M
Q2 25
$18.8M
$27.2M
Q1 25
$12.9M
$2.7M
Q4 24
$129.4M
$-11.7M
Q3 24
$26.4M
$30.3M
Q2 24
$23.8M
$-10.7M
Q1 24
$37.0M
$9.0M
Free Cash Flow
JBGS
JBGS
MLR
MLR
Q4 25
$43.8M
Q3 25
$18.1M
Q2 25
$25.6M
Q1 25
$-2.4M
Q4 24
$-13.0M
Q3 24
$24.0M
Q2 24
$-13.8M
Q1 24
$4.3M
FCF Margin
JBGS
JBGS
MLR
MLR
Q4 25
25.5%
Q3 25
10.1%
Q2 25
11.9%
Q1 25
-1.1%
Q4 24
-5.9%
Q3 24
7.6%
Q2 24
-3.7%
Q1 24
1.2%
Capex Intensity
JBGS
JBGS
MLR
MLR
Q4 25
3.0%
Q3 25
1.0%
Q2 25
0.8%
Q1 25
2.3%
Q4 24
0.6%
Q3 24
2.0%
Q2 24
0.8%
Q1 24
1.3%
Cash Conversion
JBGS
JBGS
MLR
MLR
Q4 25
Q3 25
6.46×
Q2 25
3.22×
Q1 25
0.34×
Q4 24
Q3 24
1.96×
Q2 24
-0.52×
Q1 24
0.53×

Financial Flow Comparison

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

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