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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $127.6M, roughly 1.9× JBG SMITH Properties). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs -35.7%, a 40.7% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -2.5%). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
JBGS vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $242.1M |
| Net Profit | $-45.5M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | -47.5% | 6.8% |
| Net Margin | -35.7% | 5.0% |
| Revenue YoY | -2.5% | 11.5% |
| Net Profit YoY | 24.0% | -16.2% |
| EPS (diluted) | $-0.76 | $0.12 |
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.
| Q4 25 | $127.6M | $242.1M | ||
| Q3 25 | $123.9M | $258.5M | ||
| Q2 25 | $126.5M | $240.7M | ||
| Q1 25 | $120.7M | $219.6M | ||
| Q4 24 | $130.8M | $217.2M | ||
| Q3 24 | $136.0M | $241.7M | ||
| Q2 24 | $135.3M | $224.9M | ||
| Q1 24 | $145.2M | $211.2M |
| Q4 25 | $-45.5M | $12.1M | ||
| Q3 25 | $-28.6M | $24.3M | ||
| Q2 25 | $-19.2M | $19.9M | ||
| Q1 25 | $-45.7M | $15.3M | ||
| Q4 24 | $-59.9M | $14.4M | ||
| Q3 24 | $-27.0M | $21.6M | ||
| Q2 24 | $-24.4M | $15.8M | ||
| Q1 24 | $-32.3M | $21.2M |
| Q4 25 | -47.5% | 6.8% | ||
| Q3 25 | -27.5% | 10.2% | ||
| Q2 25 | -18.4% | 9.2% | ||
| Q1 25 | -44.7% | 7.7% | ||
| Q4 24 | -53.6% | 7.9% | ||
| Q3 24 | -22.4% | 10.3% | ||
| Q2 24 | -24.3% | 8.4% | ||
| Q1 24 | -30.1% | 8.0% |
| Q4 25 | -35.7% | 5.0% | ||
| Q3 25 | -23.1% | 9.4% | ||
| Q2 25 | -15.2% | 8.3% | ||
| Q1 25 | -37.9% | 7.0% | ||
| Q4 24 | -45.8% | 6.6% | ||
| Q3 24 | -19.8% | 8.9% | ||
| Q2 24 | -18.0% | 7.0% | ||
| Q1 24 | -22.2% | 10.0% |
| Q4 25 | $-0.76 | $0.12 | ||
| Q3 25 | $-0.48 | $0.23 | ||
| Q2 25 | $-0.29 | $0.19 | ||
| Q1 25 | $-0.56 | $0.15 | ||
| Q4 24 | $-0.70 | $0.13 | ||
| Q3 24 | $-0.32 | $0.20 | ||
| Q2 24 | $-0.27 | $0.15 | ||
| Q1 24 | $-0.36 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.3M | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $1.2B | $542.6M |
| Total Assets | $4.4B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $16.3M | ||
| Q3 25 | $64.4M | $29.6M | ||
| Q2 25 | $61.4M | $35.0M | ||
| Q1 25 | $81.3M | $22.6M | ||
| Q4 24 | $145.8M | $57.4M | ||
| Q3 24 | $137.0M | $48.8M | ||
| Q2 24 | $163.5M | $62.5M | ||
| Q1 24 | $220.5M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $1.2B | $542.6M | ||
| Q3 25 | $1.2B | $552.8M | ||
| Q2 25 | $1.3B | $548.3M | ||
| Q1 25 | $1.6B | $530.6M | ||
| Q4 24 | $1.8B | $554.5M | ||
| Q3 24 | $1.9B | $540.1M | ||
| Q2 24 | $2.0B | $532.7M | ||
| Q1 24 | $2.1B | $515.5M |
| Q4 25 | $4.4B | $707.1M | ||
| Q3 25 | $4.4B | $732.6M | ||
| Q2 25 | $4.5B | $731.8M | ||
| Q1 25 | $4.7B | $708.7M | ||
| Q4 24 | $5.0B | $746.4M | ||
| Q3 24 | $5.2B | $734.0M | ||
| Q2 24 | $5.3B | $756.8M | ||
| Q1 24 | $5.4B | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.3M | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $20.0M | ||
| Q3 25 | $8.9M | $33.2M | ||
| Q2 25 | $18.8M | $20.3M | ||
| Q1 25 | $12.9M | $10.1M | ||
| Q4 24 | $129.4M | $16.6M | ||
| Q3 24 | $26.4M | $28.6M | ||
| Q2 24 | $23.8M | $18.7M | ||
| Q1 24 | $37.0M | $15.0M |
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $17.6M | ||
| Q1 24 | — | $13.7M |
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 6.5% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
