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

NETGEAR, INC. is the larger business by last-quarter revenue ($182.5M vs $127.6M, roughly 1.4× JBG SMITH Properties). On growth, NETGEAR, INC. posted the faster year-over-year revenue change (0.0% vs -2.5%). Over the past eight quarters, NETGEAR, INC.'s revenue compounded faster (5.3% CAGR vs -6.3%).

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

Netgear, Inc., is an American computer networking company based in San Jose, California, with offices in about 22 other countries. It produces networking hardware for consumers, businesses, and service providers. The company operates in three business segments: retail, commercial, and as a service provider.

JBGS vs NTGR — Head-to-Head

Bigger by revenue
NTGR
NTGR
1.4× larger
NTGR
$182.5M
$127.6M
JBGS
Growing faster (revenue YoY)
NTGR
NTGR
+2.5% gap
NTGR
0.0%
-2.5%
JBGS
Faster 2-yr revenue CAGR
NTGR
NTGR
Annualised
NTGR
5.3%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBGS
JBGS
NTGR
NTGR
Revenue
$127.6M
$182.5M
Net Profit
$-45.5M
Gross Margin
40.4%
Operating Margin
-47.5%
-2.6%
Net Margin
-35.7%
Revenue YoY
-2.5%
0.0%
Net Profit YoY
24.0%
EPS (diluted)
$-0.76
$-0.03

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
NTGR
NTGR
Q4 25
$127.6M
$182.5M
Q3 25
$123.9M
$184.6M
Q2 25
$126.5M
$170.5M
Q1 25
$120.7M
$162.1M
Q4 24
$130.8M
$182.4M
Q3 24
$136.0M
$182.9M
Q2 24
$135.3M
$143.9M
Q1 24
$145.2M
$164.6M
Net Profit
JBGS
JBGS
NTGR
NTGR
Q4 25
$-45.5M
Q3 25
$-28.6M
$-4.8M
Q2 25
$-19.2M
$-6.4M
Q1 25
$-45.7M
$-6.0M
Q4 24
$-59.9M
$-8.9M
Q3 24
$-27.0M
$85.1M
Q2 24
$-24.4M
$-45.2M
Q1 24
$-32.3M
$-18.6M
Gross Margin
JBGS
JBGS
NTGR
NTGR
Q4 25
40.4%
Q3 25
39.1%
Q2 25
37.5%
Q1 25
34.8%
Q4 24
32.6%
Q3 24
30.9%
Q2 24
22.1%
Q1 24
29.3%
Operating Margin
JBGS
JBGS
NTGR
NTGR
Q4 25
-47.5%
-2.6%
Q3 25
-27.5%
-3.8%
Q2 25
-18.4%
-5.6%
Q1 25
-44.7%
-7.9%
Q4 24
-53.6%
-8.3%
Q3 24
-22.4%
52.4%
Q2 24
-24.3%
-32.6%
Q1 24
-30.1%
-13.2%
Net Margin
JBGS
JBGS
NTGR
NTGR
Q4 25
-35.7%
Q3 25
-23.1%
-2.6%
Q2 25
-15.2%
-3.8%
Q1 25
-37.9%
-3.7%
Q4 24
-45.8%
-4.9%
Q3 24
-19.8%
46.5%
Q2 24
-18.0%
-31.4%
Q1 24
-22.2%
-11.3%
EPS (diluted)
JBGS
JBGS
NTGR
NTGR
Q4 25
$-0.76
$-0.03
Q3 25
$-0.48
$-0.17
Q2 25
$-0.29
$-0.22
Q1 25
$-0.56
$-0.21
Q4 24
$-0.70
$-0.29
Q3 24
$-0.32
$2.90
Q2 24
$-0.27
$-1.56
Q1 24
$-0.36
$-0.63

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
NTGR
NTGR
Cash + ST InvestmentsLiquidity on hand
$75.3M
$323.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$497.8M
Total Assets
$4.4B
$836.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
NTGR
NTGR
Q4 25
$75.3M
$323.0M
Q3 25
$64.4M
$326.4M
Q2 25
$61.4M
$363.5M
Q1 25
$81.3M
$391.9M
Q4 24
$145.8M
$408.7M
Q3 24
$137.0M
$395.7M
Q2 24
$163.5M
$294.3M
Q1 24
$220.5M
$289.4M
Stockholders' Equity
JBGS
JBGS
NTGR
NTGR
Q4 25
$1.2B
$497.8M
Q3 25
$1.2B
$506.8M
Q2 25
$1.3B
$523.2M
Q1 25
$1.6B
$534.2M
Q4 24
$1.8B
$541.1M
Q3 24
$1.9B
$550.3M
Q2 24
$2.0B
$459.4M
Q1 24
$2.1B
$511.4M
Total Assets
JBGS
JBGS
NTGR
NTGR
Q4 25
$4.4B
$836.3M
Q3 25
$4.4B
$810.8M
Q2 25
$4.5B
$803.5M
Q1 25
$4.7B
$814.2M
Q4 24
$5.0B
$850.2M
Q3 24
$5.2B
$862.6M
Q2 24
$5.3B
$754.1M
Q1 24
$5.4B
$801.3M

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
NTGR
NTGR
Operating Cash FlowLast quarter
$73.3M
$19.5M
Free Cash FlowOCF − Capex
$13.6M
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-18.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
NTGR
NTGR
Q4 25
$73.3M
$19.5M
Q3 25
$8.9M
$-7.4M
Q2 25
$18.8M
$-1.8M
Q1 25
$12.9M
$-8.7M
Q4 24
$129.4M
$21.5M
Q3 24
$26.4M
$107.7M
Q2 24
$23.8M
$18.4M
Q1 24
$37.0M
$17.2M
Free Cash Flow
JBGS
JBGS
NTGR
NTGR
Q4 25
$13.6M
Q3 25
$-17.1M
Q2 25
$-5.3M
Q1 25
$-10.1M
Q4 24
$19.0M
Q3 24
$106.0M
Q2 24
$16.1M
Q1 24
$14.7M
FCF Margin
JBGS
JBGS
NTGR
NTGR
Q4 25
7.5%
Q3 25
-9.3%
Q2 25
-3.1%
Q1 25
-6.3%
Q4 24
10.4%
Q3 24
58.0%
Q2 24
11.2%
Q1 24
8.9%
Capex Intensity
JBGS
JBGS
NTGR
NTGR
Q4 25
3.2%
Q3 25
5.3%
Q2 25
2.1%
Q1 25
0.9%
Q4 24
1.4%
Q3 24
0.9%
Q2 24
1.6%
Q1 24
1.5%
Cash Conversion
JBGS
JBGS
NTGR
NTGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.27×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

JBGS
JBGS

Segment breakdown not available.

NTGR
NTGR

Other$93.4M51%
Sales Channel Directly To Consumer$89.1M49%

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