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

JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $75.5M, roughly 1.7× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs -2.5%). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs -6.3%).

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

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

JBGS vs PBYI — Head-to-Head

Bigger by revenue
JBGS
JBGS
1.7× larger
JBGS
$127.6M
$75.5M
PBYI
Growing faster (revenue YoY)
PBYI
PBYI
+30.2% gap
PBYI
27.7%
-2.5%
JBGS
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBGS
JBGS
PBYI
PBYI
Revenue
$127.6M
$75.5M
Net Profit
$-45.5M
Gross Margin
69.3%
Operating Margin
-47.5%
22.7%
Net Margin
-35.7%
Revenue YoY
-2.5%
27.7%
Net Profit YoY
24.0%
EPS (diluted)
$-0.76
$0.26

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
PBYI
PBYI
Q4 25
$127.6M
$75.5M
Q3 25
$123.9M
$54.5M
Q2 25
$126.5M
$52.4M
Q1 25
$120.7M
$46.0M
Q4 24
$130.8M
$59.1M
Q3 24
$136.0M
$80.5M
Q2 24
$135.3M
$47.1M
Q1 24
$145.2M
$43.8M
Net Profit
JBGS
JBGS
PBYI
PBYI
Q4 25
$-45.5M
Q3 25
$-28.6M
$8.8M
Q2 25
$-19.2M
$5.9M
Q1 25
$-45.7M
$3.0M
Q4 24
$-59.9M
Q3 24
$-27.0M
$20.3M
Q2 24
$-24.4M
$-4.5M
Q1 24
$-32.3M
$-4.8M
Gross Margin
JBGS
JBGS
PBYI
PBYI
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
JBGS
JBGS
PBYI
PBYI
Q4 25
-47.5%
22.7%
Q3 25
-27.5%
17.6%
Q2 25
-18.4%
12.7%
Q1 25
-44.7%
8.7%
Q4 24
-53.6%
22.6%
Q3 24
-22.4%
27.4%
Q2 24
-24.3%
-4.6%
Q1 24
-30.1%
-5.3%
Net Margin
JBGS
JBGS
PBYI
PBYI
Q4 25
-35.7%
Q3 25
-23.1%
16.2%
Q2 25
-15.2%
11.2%
Q1 25
-37.9%
6.5%
Q4 24
-45.8%
Q3 24
-19.8%
25.2%
Q2 24
-18.0%
-9.6%
Q1 24
-22.2%
-11.0%
EPS (diluted)
JBGS
JBGS
PBYI
PBYI
Q4 25
$-0.76
$0.26
Q3 25
$-0.48
$0.17
Q2 25
$-0.29
$0.12
Q1 25
$-0.56
$0.06
Q4 24
$-0.70
$0.40
Q3 24
$-0.32
$0.41
Q2 24
$-0.27
$-0.09
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
JBGS
JBGS
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$75.3M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$1.2B
$130.3M
Total Assets
$4.4B
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
PBYI
PBYI
Q4 25
$75.3M
$97.5M
Q3 25
$64.4M
$94.4M
Q2 25
$61.4M
$96.0M
Q1 25
$81.3M
$93.2M
Q4 24
$145.8M
$101.0M
Q3 24
$137.0M
$96.7M
Q2 24
$163.5M
$96.8M
Q1 24
$220.5M
$107.2M
Total Debt
JBGS
JBGS
PBYI
PBYI
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
JBGS
JBGS
PBYI
PBYI
Q4 25
$1.2B
$130.3M
Q3 25
$1.2B
$115.3M
Q2 25
$1.3B
$104.7M
Q1 25
$1.6B
$97.1M
Q4 24
$1.8B
$92.1M
Q3 24
$1.9B
$71.1M
Q2 24
$2.0B
$48.5M
Q1 24
$2.1B
$51.0M
Total Assets
JBGS
JBGS
PBYI
PBYI
Q4 25
$4.4B
$216.3M
Q3 25
$4.4B
$202.9M
Q2 25
$4.5B
$194.9M
Q1 25
$4.7B
$196.2M
Q4 24
$5.0B
$213.3M
Q3 24
$5.2B
$220.7M
Q2 24
$5.3B
$205.0M
Q1 24
$5.4B
$214.1M
Debt / Equity
JBGS
JBGS
PBYI
PBYI
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

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
PBYI
PBYI
Operating Cash FlowLast quarter
$73.3M
$14.4M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
PBYI
PBYI
Q4 25
$73.3M
$14.4M
Q3 25
$8.9M
$9.7M
Q2 25
$18.8M
$14.1M
Q1 25
$12.9M
$3.6M
Q4 24
$129.4M
$15.6M
Q3 24
$26.4M
$11.0M
Q2 24
$23.8M
$1.0M
Q1 24
$37.0M
$11.2M
Free Cash Flow
JBGS
JBGS
PBYI
PBYI
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
JBGS
JBGS
PBYI
PBYI
Q4 25
19.1%
Q3 25
17.7%
Q2 25
26.8%
Q1 25
7.7%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
JBGS
JBGS
PBYI
PBYI
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
JBGS
JBGS
PBYI
PBYI
Q4 25
Q3 25
1.10×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

Financial Flow Comparison

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

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