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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $93.7M, roughly 1.4× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -2.5%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
JBGS vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $93.7M |
| Net Profit | $-45.5M | — |
| Gross Margin | — | 39.0% |
| Operating Margin | -47.5% | -1.0% |
| Net Margin | -35.7% | — |
| Revenue YoY | -2.5% | 2.3% |
| Net Profit YoY | 24.0% | — |
| EPS (diluted) | $-0.76 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $123.9M | $83.6M | ||
| Q2 25 | $126.5M | $77.8M | ||
| Q1 25 | $120.7M | $77.6M | ||
| Q4 24 | $130.8M | $91.6M | ||
| Q3 24 | $136.0M | $78.6M | ||
| Q2 24 | $135.3M | $72.8M | ||
| Q1 24 | $145.2M | $72.5M |
| Q4 25 | $-45.5M | — | ||
| Q3 25 | $-28.6M | $-10.4M | ||
| Q2 25 | $-19.2M | $-7.5M | ||
| Q1 25 | $-45.7M | $-10.9M | ||
| Q4 24 | $-59.9M | — | ||
| Q3 24 | $-27.0M | $-8.1M | ||
| Q2 24 | $-24.4M | $5.5M | ||
| Q1 24 | $-32.3M | $-8.1M |
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 41.1% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 45.2% | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 44.6% |
| Q4 25 | -47.5% | -1.0% | ||
| Q3 25 | -27.5% | -6.8% | ||
| Q2 25 | -18.4% | -12.5% | ||
| Q1 25 | -44.7% | -10.3% | ||
| Q4 24 | -53.6% | 1.5% | ||
| Q3 24 | -22.4% | -5.3% | ||
| Q2 24 | -24.3% | -7.1% | ||
| Q1 24 | -30.1% | -6.6% |
| Q4 25 | -35.7% | — | ||
| Q3 25 | -23.1% | -12.4% | ||
| Q2 25 | -15.2% | -9.6% | ||
| Q1 25 | -37.9% | -14.0% | ||
| Q4 24 | -45.8% | — | ||
| Q3 24 | -19.8% | -10.3% | ||
| Q2 24 | -18.0% | 7.6% | ||
| Q1 24 | -22.2% | -11.2% |
| Q4 25 | $-0.76 | $-0.11 | ||
| Q3 25 | $-0.48 | $-0.12 | ||
| Q2 25 | $-0.29 | $-0.09 | ||
| Q1 25 | $-0.56 | $-0.13 | ||
| Q4 24 | $-0.70 | $-0.13 | ||
| Q3 24 | $-0.32 | $-0.10 | ||
| Q2 24 | $-0.27 | $0.07 | ||
| Q1 24 | $-0.36 | $-0.10 |
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 | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $1.2B | $534.9M |
| Total Assets | $4.4B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $63.0M | ||
| Q3 25 | $64.4M | $49.9M | ||
| Q2 25 | $61.4M | $49.2M | ||
| Q1 25 | $81.3M | $65.5M | ||
| Q4 24 | $145.8M | $76.1M | ||
| Q3 24 | $137.0M | $69.5M | ||
| Q2 24 | $163.5M | $65.1M | ||
| Q1 24 | $220.5M | $55.1M |
| Q4 25 | — | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | — | $396.7M |
| Q4 25 | $1.2B | $534.9M | ||
| Q3 25 | $1.2B | $537.8M | ||
| Q2 25 | $1.3B | $539.0M | ||
| Q1 25 | $1.6B | $544.1M | ||
| Q4 24 | $1.8B | $548.1M | ||
| Q3 24 | $1.9B | $564.3M | ||
| Q2 24 | $2.0B | $566.2M | ||
| Q1 24 | $2.1B | $560.0M |
| Q4 25 | $4.4B | $1.1B | ||
| Q3 25 | $4.4B | $1.1B | ||
| Q2 25 | $4.5B | $1.1B | ||
| Q1 25 | $4.7B | $1.1B | ||
| Q4 24 | $5.0B | $1.1B | ||
| Q3 24 | $5.2B | $1.1B | ||
| Q2 24 | $5.3B | $1.1B | ||
| Q1 24 | $5.4B | $1.1B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.71× |
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 | $19.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $19.5M | ||
| Q3 25 | $8.9M | $8.5M | ||
| Q2 25 | $18.8M | $-3.6M | ||
| Q1 25 | $12.9M | $-1.3M | ||
| Q4 24 | $129.4M | $6.5M | ||
| Q3 24 | $26.4M | $10.1M | ||
| Q2 24 | $23.8M | $19.6M | ||
| Q1 24 | $37.0M | $5.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.56× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
