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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and PAMT CORP (PAMT). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $127.6M, roughly 1.1× JBG SMITH Properties). PAMT CORP runs the higher net margin — -20.7% vs -35.7%, a 15.0% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -15.1%). Over the past eight quarters, JBG SMITH Properties's revenue compounded faster (-6.3% CAGR vs -12.0%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
JBGS vs PAMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $141.3M |
| Net Profit | $-45.5M | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | -47.5% | -27.0% |
| Net Margin | -35.7% | -20.7% |
| Revenue YoY | -2.5% | -15.1% |
| Net Profit YoY | 24.0% | 7.4% |
| EPS (diluted) | $-0.76 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $123.9M | $150.3M | ||
| Q2 25 | $126.5M | $151.1M | ||
| Q1 25 | $120.7M | $155.3M | ||
| Q4 24 | $130.8M | $166.5M | ||
| Q3 24 | $136.0M | $182.6M | ||
| Q2 24 | $135.3M | $182.9M | ||
| Q1 24 | $145.2M | $182.6M |
| Q4 25 | $-45.5M | $-29.3M | ||
| Q3 25 | $-28.6M | $-5.6M | ||
| Q2 25 | $-19.2M | $-9.6M | ||
| Q1 25 | $-45.7M | $-8.1M | ||
| Q4 24 | $-59.9M | $-31.6M | ||
| Q3 24 | $-27.0M | $2.4M | ||
| Q2 24 | $-24.4M | $-2.9M | ||
| Q1 24 | $-32.3M | $281.0K |
| Q4 25 | -47.5% | -27.0% | ||
| Q3 25 | -27.5% | -3.8% | ||
| Q2 25 | -18.4% | -7.3% | ||
| Q1 25 | -44.7% | -5.9% | ||
| Q4 24 | -53.6% | -22.6% | ||
| Q3 24 | -22.4% | 1.3% | ||
| Q2 24 | -24.3% | -0.4% | ||
| Q1 24 | -30.1% | -0.4% |
| Q4 25 | -35.7% | -20.7% | ||
| Q3 25 | -23.1% | -3.7% | ||
| Q2 25 | -15.2% | -6.4% | ||
| Q1 25 | -37.9% | -5.2% | ||
| Q4 24 | -45.8% | -19.0% | ||
| Q3 24 | -19.8% | 1.3% | ||
| Q2 24 | -18.0% | -1.6% | ||
| Q1 24 | -22.2% | 0.2% |
| Q4 25 | $-0.76 | $-1.38 | ||
| Q3 25 | $-0.48 | $-0.27 | ||
| Q2 25 | $-0.29 | $-0.46 | ||
| Q1 25 | $-0.56 | $-0.37 | ||
| Q4 24 | $-0.70 | $-1.44 | ||
| Q3 24 | $-0.32 | $0.11 | ||
| Q2 24 | $-0.27 | $-0.13 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.3M | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $1.2B | $210.5M |
| Total Assets | $4.4B | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $83.7M | ||
| Q3 25 | $64.4M | $115.6M | ||
| Q2 25 | $61.4M | $117.3M | ||
| Q1 25 | $81.3M | $102.7M | ||
| Q4 24 | $145.8M | $110.7M | ||
| Q3 24 | $137.0M | $92.3M | ||
| Q2 24 | $163.5M | $114.0M | ||
| Q1 24 | $220.5M | $125.8M |
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $210.5M | ||
| Q3 25 | $1.2B | $239.5M | ||
| Q2 25 | $1.3B | $244.9M | ||
| Q1 25 | $1.6B | $269.6M | ||
| Q4 24 | $1.8B | $277.5M | ||
| Q3 24 | $1.9B | $308.9M | ||
| Q2 24 | $2.0B | $306.7M | ||
| Q1 24 | $2.1B | $314.6M |
| Q4 25 | $4.4B | $697.9M | ||
| Q3 25 | $4.4B | $715.2M | ||
| Q2 25 | $4.5B | $707.9M | ||
| Q1 25 | $4.7B | $712.6M | ||
| Q4 24 | $5.0B | $741.7M | ||
| Q3 24 | $5.2B | $756.7M | ||
| Q2 24 | $5.3B | $733.5M | ||
| Q1 24 | $5.4B | $746.4M |
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-25.0M |
| FCF MarginFCF / Revenue | — | -17.7% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $-5.8M | ||
| Q3 25 | $8.9M | $5.9M | ||
| Q2 25 | $18.8M | $12.2M | ||
| Q1 25 | $12.9M | $5.0M | ||
| Q4 24 | $129.4M | $15.2M | ||
| Q3 24 | $26.4M | $15.5M | ||
| Q2 24 | $23.8M | $18.7M | ||
| Q1 24 | $37.0M | $9.6M |
| Q4 25 | — | $-25.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-39.9M | ||
| Q3 24 | — | $-33.6M | ||
| Q2 24 | — | $4.1M | ||
| Q1 24 | — | $-12.2M |
| Q4 25 | — | -17.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | — | -18.4% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 33.1% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | — | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
