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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and Nutex Health, Inc. (NUTX). Click either name above to swap in a different company.

Nutex Health, Inc. is the larger business by last-quarter revenue ($151.7M vs $127.6M, roughly 1.2× JBG SMITH Properties). Nutex Health, Inc. runs the higher net margin — 7.8% vs -35.7%, a 43.5% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -41.1%). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% CAGR vs -6.3%).

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

Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.

JBGS vs NUTX — Head-to-Head

Bigger by revenue
NUTX
NUTX
1.2× larger
NUTX
$151.7M
$127.6M
JBGS
Growing faster (revenue YoY)
JBGS
JBGS
+38.7% gap
JBGS
-2.5%
-41.1%
NUTX
Higher net margin
NUTX
NUTX
43.5% more per $
NUTX
7.8%
-35.7%
JBGS
Faster 2-yr revenue CAGR
NUTX
NUTX
Annualised
NUTX
50.0%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBGS
JBGS
NUTX
NUTX
Revenue
$127.6M
$151.7M
Net Profit
$-45.5M
$11.8M
Gross Margin
30.4%
Operating Margin
-47.5%
20.4%
Net Margin
-35.7%
7.8%
Revenue YoY
-2.5%
-41.1%
Net Profit YoY
24.0%
-80.8%
EPS (diluted)
$-0.76
$2.34

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
NUTX
NUTX
Q4 25
$127.6M
$151.7M
Q3 25
$123.9M
$267.8M
Q2 25
$126.5M
$244.0M
Q1 25
$120.7M
$211.8M
Q4 24
$130.8M
$257.6M
Q3 24
$136.0M
$78.8M
Q2 24
$135.3M
$76.1M
Q1 24
$145.2M
$67.5M
Net Profit
JBGS
JBGS
NUTX
NUTX
Q4 25
$-45.5M
$11.8M
Q3 25
$-28.6M
$55.4M
Q2 25
$-19.2M
$-17.7M
Q1 25
$-45.7M
$21.2M
Q4 24
$-59.9M
$61.6M
Q3 24
$-27.0M
$-8.8M
Q2 24
$-24.4M
$-364.0K
Q1 24
$-32.3M
$-364.0K
Gross Margin
JBGS
JBGS
NUTX
NUTX
Q4 25
30.4%
Q3 25
57.8%
Q2 25
51.2%
Q1 25
55.9%
Q4 24
55.0%
Q3 24
27.8%
Q2 24
29.7%
Q1 24
15.1%
Operating Margin
JBGS
JBGS
NUTX
NUTX
Q4 25
-47.5%
20.4%
Q3 25
-27.5%
48.7%
Q2 25
-18.4%
13.8%
Q1 25
-44.7%
38.1%
Q4 24
-53.6%
44.4%
Q3 24
-22.4%
12.3%
Q2 24
-24.3%
7.0%
Q1 24
-30.1%
2.1%
Net Margin
JBGS
JBGS
NUTX
NUTX
Q4 25
-35.7%
7.8%
Q3 25
-23.1%
20.7%
Q2 25
-15.2%
-7.3%
Q1 25
-37.9%
10.0%
Q4 24
-45.8%
23.9%
Q3 24
-19.8%
-11.2%
Q2 24
-18.0%
-0.5%
Q1 24
-22.2%
-0.5%
EPS (diluted)
JBGS
JBGS
NUTX
NUTX
Q4 25
$-0.76
$2.34
Q3 25
$-0.48
$7.76
Q2 25
$-0.29
$-2.95
Q1 25
$-0.56
$3.33
Q4 24
$-0.70
$11.56
Q3 24
$-0.32
$-1.72
Q2 24
$-0.27
$-0.07
Q1 24
$-0.36
$-0.08

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
NUTX
NUTX
Cash + ST InvestmentsLiquidity on hand
$75.3M
$185.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$329.4M
Total Assets
$4.4B
$918.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
NUTX
NUTX
Q4 25
$75.3M
$185.6M
Q3 25
$64.4M
$166.0M
Q2 25
$61.4M
$96.7M
Q1 25
$81.3M
$84.7M
Q4 24
$145.8M
$40.6M
Q3 24
$137.0M
$46.9M
Q2 24
$163.5M
$40.8M
Q1 24
$220.5M
$30.0M
Stockholders' Equity
JBGS
JBGS
NUTX
NUTX
Q4 25
$1.2B
$329.4M
Q3 25
$1.2B
$317.2M
Q2 25
$1.3B
$235.3M
Q1 25
$1.6B
$176.9M
Q4 24
$1.8B
$132.4M
Q3 24
$1.9B
$60.4M
Q2 24
$2.0B
$62.7M
Q1 24
$2.1B
$63.0M
Total Assets
JBGS
JBGS
NUTX
NUTX
Q4 25
$4.4B
$918.5M
Q3 25
$4.4B
$964.5M
Q2 25
$4.5B
$841.0M
Q1 25
$4.7B
$761.9M
Q4 24
$5.0B
$655.3M
Q3 24
$5.2B
$438.5M
Q2 24
$5.3B
$422.4M
Q1 24
$5.4B
$404.3M

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
NUTX
NUTX
Operating Cash FlowLast quarter
$73.3M
$70.4M
Free Cash FlowOCF − Capex
$69.0M
FCF MarginFCF / Revenue
45.5%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
5.95×
TTM Free Cash FlowTrailing 4 quarters
$245.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
NUTX
NUTX
Q4 25
$73.3M
$70.4M
Q3 25
$8.9M
$99.5M
Q2 25
$18.8M
$27.3M
Q1 25
$12.9M
$51.0M
Q4 24
$129.4M
$54.0K
Q3 24
$26.4M
$6.8M
Q2 24
$23.8M
$13.3M
Q1 24
$37.0M
$3.1M
Free Cash Flow
JBGS
JBGS
NUTX
NUTX
Q4 25
$69.0M
Q3 25
$99.2M
Q2 25
$26.5M
Q1 25
$50.9M
Q4 24
$-341.0K
Q3 24
$6.2M
Q2 24
$12.7M
Q1 24
$2.3M
FCF Margin
JBGS
JBGS
NUTX
NUTX
Q4 25
45.5%
Q3 25
37.0%
Q2 25
10.9%
Q1 25
24.0%
Q4 24
-0.1%
Q3 24
7.8%
Q2 24
16.7%
Q1 24
3.4%
Capex Intensity
JBGS
JBGS
NUTX
NUTX
Q4 25
0.9%
Q3 25
0.1%
Q2 25
0.3%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.8%
Q2 24
0.7%
Q1 24
1.1%
Cash Conversion
JBGS
JBGS
NUTX
NUTX
Q4 25
5.95×
Q3 25
1.80×
Q2 25
Q1 25
2.40×
Q4 24
0.00×
Q3 24
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.

NUTX
NUTX

Hospital Division$143.7M95%
Population Health Management Division$8.0M5%

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