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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and MARTEN TRANSPORT LTD (MRTN). Click either name above to swap in a different company.

MARTEN TRANSPORT LTD is the larger business by last-quarter revenue ($210.1M vs $127.6M, roughly 1.6× JBG SMITH Properties). MARTEN TRANSPORT LTD runs the higher net margin — 1.8% vs -35.7%, a 37.5% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -8.8%). Over the past eight quarters, JBG SMITH Properties's revenue compounded faster (-6.3% CAGR vs -8.3%).

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

Marten Transport, Ltd. is an American trucking company headquartered in Mondovi, Wisconsin. The company offers refrigerated and dry van freight transport services across the United States, Canada, and Mexico.

JBGS vs MRTN — Head-to-Head

Bigger by revenue
MRTN
MRTN
1.6× larger
MRTN
$210.1M
$127.6M
JBGS
Growing faster (revenue YoY)
JBGS
JBGS
+6.4% gap
JBGS
-2.5%
-8.8%
MRTN
Higher net margin
MRTN
MRTN
37.5% more per $
MRTN
1.8%
-35.7%
JBGS
Faster 2-yr revenue CAGR
JBGS
JBGS
Annualised
JBGS
-6.3%
-8.3%
MRTN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBGS
JBGS
MRTN
MRTN
Revenue
$127.6M
$210.1M
Net Profit
$-45.5M
$3.7M
Gross Margin
Operating Margin
-47.5%
2.2%
Net Margin
-35.7%
1.8%
Revenue YoY
-2.5%
-8.8%
Net Profit YoY
24.0%
-34.4%
EPS (diluted)
$-0.76
$0.04

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
MRTN
MRTN
Q4 25
$127.6M
$210.1M
Q3 25
$123.9M
$220.5M
Q2 25
$126.5M
$229.9M
Q1 25
$120.7M
$223.2M
Q4 24
$130.8M
$230.4M
Q3 24
$136.0M
$237.4M
Q2 24
$135.3M
$246.2M
Q1 24
$145.2M
$249.7M
Net Profit
JBGS
JBGS
MRTN
MRTN
Q4 25
$-45.5M
$3.7M
Q3 25
$-28.6M
$2.2M
Q2 25
$-19.2M
$7.2M
Q1 25
$-45.7M
$4.3M
Q4 24
$-59.9M
$5.6M
Q3 24
$-27.0M
$3.8M
Q2 24
$-24.4M
$7.9M
Q1 24
$-32.3M
$9.6M
Operating Margin
JBGS
JBGS
MRTN
MRTN
Q4 25
-47.5%
2.2%
Q3 25
-27.5%
1.2%
Q2 25
-18.4%
4.2%
Q1 25
-44.7%
2.6%
Q4 24
-53.6%
2.9%
Q3 24
-22.4%
1.8%
Q2 24
-24.3%
4.1%
Q1 24
-30.1%
4.9%
Net Margin
JBGS
JBGS
MRTN
MRTN
Q4 25
-35.7%
1.8%
Q3 25
-23.1%
1.0%
Q2 25
-15.2%
3.1%
Q1 25
-37.9%
1.9%
Q4 24
-45.8%
2.4%
Q3 24
-19.8%
1.6%
Q2 24
-18.0%
3.2%
Q1 24
-22.2%
3.9%
EPS (diluted)
JBGS
JBGS
MRTN
MRTN
Q4 25
$-0.76
$0.04
Q3 25
$-0.48
$0.03
Q2 25
$-0.29
$0.09
Q1 25
$-0.56
$0.05
Q4 24
$-0.70
$0.06
Q3 24
$-0.32
$0.05
Q2 24
$-0.27
$0.10
Q1 24
$-0.36
$0.12

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
MRTN
MRTN
Cash + ST InvestmentsLiquidity on hand
$75.3M
$43.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$767.6M
Total Assets
$4.4B
$949.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
MRTN
MRTN
Q4 25
$75.3M
$43.3M
Q3 25
$64.4M
$49.5M
Q2 25
$61.4M
$35.1M
Q1 25
$81.3M
$39.9M
Q4 24
$145.8M
$17.3M
Q3 24
$137.0M
$43.0M
Q2 24
$163.5M
$77.2M
Q1 24
$220.5M
$73.7M
Stockholders' Equity
JBGS
JBGS
MRTN
MRTN
Q4 25
$1.2B
$767.6M
Q3 25
$1.2B
$768.2M
Q2 25
$1.3B
$770.7M
Q1 25
$1.6B
$767.5M
Q4 24
$1.8B
$767.9M
Q3 24
$1.9B
$766.5M
Q2 24
$2.0B
$766.8M
Q1 24
$2.1B
$762.4M
Total Assets
JBGS
JBGS
MRTN
MRTN
Q4 25
$4.4B
$949.8M
Q3 25
$4.4B
$975.7M
Q2 25
$4.5B
$991.8M
Q1 25
$4.7B
$983.3M
Q4 24
$5.0B
$968.8M
Q3 24
$5.2B
$1.0B
Q2 24
$5.3B
$1.0B
Q1 24
$5.4B
$993.0M

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
MRTN
MRTN
Operating Cash FlowLast quarter
$73.3M
$5.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
MRTN
MRTN
Q4 25
$73.3M
$5.6M
Q3 25
$8.9M
$18.5M
Q2 25
$18.8M
$33.2M
Q1 25
$12.9M
$36.2M
Q4 24
$129.4M
$23.8M
Q3 24
$26.4M
$29.5M
Q2 24
$23.8M
$35.8M
Q1 24
$37.0M
$45.7M
Cash Conversion
JBGS
JBGS
MRTN
MRTN
Q4 25
1.51×
Q3 25
8.33×
Q2 25
4.61×
Q1 25
8.35×
Q4 24
4.22×
Q3 24
7.85×
Q2 24
4.54×
Q1 24
4.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JBGS
JBGS

Segment breakdown not available.

MRTN
MRTN

Revenue Net Of Fuel Surcharge$91.2M43%
Dedicated$65.9M31%
Brokerage$38.2M18%
Truckload Fuel Surcharge Revenue$14.8M7%
Fuel Surcharge Revenue$9.8M5%

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