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

JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $105.1M, roughly 1.2× OLAPLEX HOLDINGS, INC.). OLAPLEX HOLDINGS, INC. runs the higher net margin — -12.5% vs -35.7%, a 23.2% gap on every dollar of revenue. On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs -2.5%). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% CAGR vs -6.3%).

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

Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.

JBGS vs OLPX — Head-to-Head

Bigger by revenue
JBGS
JBGS
1.2× larger
JBGS
$127.6M
$105.1M
OLPX
Growing faster (revenue YoY)
OLPX
OLPX
+6.8% gap
OLPX
4.3%
-2.5%
JBGS
Higher net margin
OLPX
OLPX
23.2% more per $
OLPX
-12.5%
-35.7%
JBGS
Faster 2-yr revenue CAGR
OLPX
OLPX
Annualised
OLPX
3.1%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBGS
JBGS
OLPX
OLPX
Revenue
$127.6M
$105.1M
Net Profit
$-45.5M
$-13.1M
Gross Margin
68.0%
Operating Margin
-47.5%
-4.3%
Net Margin
-35.7%
-12.5%
Revenue YoY
-2.5%
4.3%
Net Profit YoY
24.0%
-48.9%
EPS (diluted)
$-0.76
$-0.02

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
OLPX
OLPX
Q4 25
$127.6M
$105.1M
Q3 25
$123.9M
$114.6M
Q2 25
$126.5M
$106.3M
Q1 25
$120.7M
$97.0M
Q4 24
$130.8M
$100.7M
Q3 24
$136.0M
$119.1M
Q2 24
$135.3M
$103.9M
Q1 24
$145.2M
$98.9M
Net Profit
JBGS
JBGS
OLPX
OLPX
Q4 25
$-45.5M
$-13.1M
Q3 25
$-28.6M
$11.1M
Q2 25
$-19.2M
$-7.7M
Q1 25
$-45.7M
$465.0K
Q4 24
$-59.9M
$-8.8M
Q3 24
$-27.0M
$14.8M
Q2 24
$-24.4M
$5.8M
Q1 24
$-32.3M
$7.7M
Gross Margin
JBGS
JBGS
OLPX
OLPX
Q4 25
68.0%
Q3 25
69.1%
Q2 25
71.2%
Q1 25
69.5%
Q4 24
66.3%
Q3 24
68.6%
Q2 24
69.7%
Q1 24
72.1%
Operating Margin
JBGS
JBGS
OLPX
OLPX
Q4 25
-47.5%
-4.3%
Q3 25
-27.5%
3.7%
Q2 25
-18.4%
-1.1%
Q1 25
-44.7%
8.7%
Q4 24
-53.6%
3.0%
Q3 24
-22.4%
23.5%
Q2 24
-24.3%
15.7%
Q1 24
-30.1%
19.8%
Net Margin
JBGS
JBGS
OLPX
OLPX
Q4 25
-35.7%
-12.5%
Q3 25
-23.1%
9.7%
Q2 25
-15.2%
-7.3%
Q1 25
-37.9%
0.5%
Q4 24
-45.8%
-8.7%
Q3 24
-19.8%
12.4%
Q2 24
-18.0%
5.6%
Q1 24
-22.2%
7.8%
EPS (diluted)
JBGS
JBGS
OLPX
OLPX
Q4 25
$-0.76
$-0.02
Q3 25
$-0.48
$0.02
Q2 25
$-0.29
$-0.01
Q1 25
$-0.56
$0.00
Q4 24
$-0.70
$-0.01
Q3 24
$-0.32
$0.02
Q2 24
$-0.27
$0.01
Q1 24
$-0.36
$0.01

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
OLPX
OLPX
Cash + ST InvestmentsLiquidity on hand
$75.3M
$318.7M
Total DebtLower is stronger
$352.3M
Stockholders' EquityBook value
$1.2B
$879.4M
Total Assets
$4.4B
$1.5B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
OLPX
OLPX
Q4 25
$75.3M
$318.7M
Q3 25
$64.4M
$286.4M
Q2 25
$61.4M
$289.3M
Q1 25
$81.3M
$580.9M
Q4 24
$145.8M
$586.0M
Q3 24
$137.0M
$538.8M
Q2 24
$163.5M
$507.9M
Q1 24
$220.5M
$507.5M
Total Debt
JBGS
JBGS
OLPX
OLPX
Q4 25
$352.3M
Q3 25
$352.1M
Q2 25
$351.9M
Q1 25
$649.1M
Q4 24
$650.5M
Q3 24
$651.8M
Q2 24
$653.1M
Q1 24
$654.4M
Stockholders' Equity
JBGS
JBGS
OLPX
OLPX
Q4 25
$1.2B
$879.4M
Q3 25
$1.2B
$888.7M
Q2 25
$1.3B
$874.2M
Q1 25
$1.6B
$878.3M
Q4 24
$1.8B
$874.4M
Q3 24
$1.9B
$879.7M
Q2 24
$2.0B
$863.3M
Q1 24
$2.1B
$855.7M
Total Assets
JBGS
JBGS
OLPX
OLPX
Q4 25
$4.4B
$1.5B
Q3 25
$4.4B
$1.5B
Q2 25
$4.5B
$1.5B
Q1 25
$4.7B
$1.8B
Q4 24
$5.0B
$1.8B
Q3 24
$5.2B
$1.8B
Q2 24
$5.3B
$1.8B
Q1 24
$5.4B
$1.8B
Debt / Equity
JBGS
JBGS
OLPX
OLPX
Q4 25
0.40×
Q3 25
0.40×
Q2 25
0.40×
Q1 25
0.74×
Q4 24
0.74×
Q3 24
0.74×
Q2 24
0.76×
Q1 24
0.76×

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
OLPX
OLPX
Operating Cash FlowLast quarter
$73.3M
$32.7M
Free Cash FlowOCF − Capex
$32.6M
FCF MarginFCF / Revenue
31.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$58.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
OLPX
OLPX
Q4 25
$73.3M
$32.7M
Q3 25
$8.9M
$8.0M
Q2 25
$18.8M
$20.9M
Q1 25
$12.9M
$-2.9M
Q4 24
$129.4M
$49.7M
Q3 24
$26.4M
$33.5M
Q2 24
$23.8M
$16.2M
Q1 24
$37.0M
$43.7M
Free Cash Flow
JBGS
JBGS
OLPX
OLPX
Q4 25
$32.6M
Q3 25
$7.9M
Q2 25
$20.8M
Q1 25
$-3.0M
Q4 24
$49.2M
Q3 24
$33.3M
Q2 24
$16.1M
Q1 24
$43.3M
FCF Margin
JBGS
JBGS
OLPX
OLPX
Q4 25
31.0%
Q3 25
6.9%
Q2 25
19.6%
Q1 25
-3.1%
Q4 24
48.9%
Q3 24
28.0%
Q2 24
15.5%
Q1 24
43.7%
Capex Intensity
JBGS
JBGS
OLPX
OLPX
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.4%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.5%
Cash Conversion
JBGS
JBGS
OLPX
OLPX
Q4 25
Q3 25
0.72×
Q2 25
Q1 25
-6.27×
Q4 24
Q3 24
2.26×
Q2 24
2.81×
Q1 24
5.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JBGS
JBGS

Segment breakdown not available.

OLPX
OLPX

Sales Channel Directly To Consumer$43.6M42%
Sales Channel Through Intermediary Professional$36.8M35%
Sales Channel Through Intermediary Specialty Retail$24.7M23%

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