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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $124.5M, roughly 1.0× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs -35.7%, a 165.4% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -2.5%). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
JBGS vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $124.5M |
| Net Profit | $-45.5M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | -47.5% | 6.5% |
| Net Margin | -35.7% | 129.7% |
| Revenue YoY | -2.5% | 4.7% |
| Net Profit YoY | 24.0% | 2827.7% |
| EPS (diluted) | $-0.76 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $123.9M | $123.4M | ||
| Q2 25 | $126.5M | $119.8M | ||
| Q1 25 | $120.7M | $121.4M | ||
| Q4 24 | $130.8M | $118.9M | ||
| Q3 24 | $136.0M | $115.9M | ||
| Q2 24 | $135.3M | $111.2M | ||
| Q1 24 | $145.2M | $111.1M |
| Q4 25 | $-45.5M | $161.6M | ||
| Q3 25 | $-28.6M | $9.6M | ||
| Q2 25 | $-19.2M | $-7.2M | ||
| Q1 25 | $-45.7M | $-8.8M | ||
| Q4 24 | $-59.9M | $-5.9M | ||
| Q3 24 | $-27.0M | $-10.9M | ||
| Q2 24 | $-24.4M | $-17.1M | ||
| Q1 24 | $-32.3M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% | ||
| Q1 24 | — | 81.7% |
| Q4 25 | -47.5% | 6.5% | ||
| Q3 25 | -27.5% | 2.9% | ||
| Q2 25 | -18.4% | -8.6% | ||
| Q1 25 | -44.7% | -9.6% | ||
| Q4 24 | -53.6% | -8.7% | ||
| Q3 24 | -22.4% | -13.8% | ||
| Q2 24 | -24.3% | -19.5% | ||
| Q1 24 | -30.1% | -30.1% |
| Q4 25 | -35.7% | 129.7% | ||
| Q3 25 | -23.1% | 7.8% | ||
| Q2 25 | -15.2% | -6.0% | ||
| Q1 25 | -37.9% | -7.2% | ||
| Q4 24 | -45.8% | -5.0% | ||
| Q3 24 | -19.8% | -9.4% | ||
| Q2 24 | -18.0% | -15.4% | ||
| Q1 24 | -22.2% | -25.3% |
| Q4 25 | $-0.76 | $1.69 | ||
| Q3 25 | $-0.48 | $0.10 | ||
| Q2 25 | $-0.29 | $-0.07 | ||
| Q1 25 | $-0.56 | $-0.12 | ||
| Q4 24 | $-0.70 | $-0.07 | ||
| Q3 24 | $-0.32 | $-0.14 | ||
| Q2 24 | $-0.27 | $-0.26 | ||
| Q1 24 | $-0.36 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $320.5M |
| Total Assets | $4.4B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $547.8M | ||
| Q3 25 | $64.4M | $567.9M | ||
| Q2 25 | $61.4M | $597.1M | ||
| Q1 25 | $81.3M | $570.8M | ||
| Q4 24 | $145.8M | $542.2M | ||
| Q3 24 | $137.0M | $599.3M | ||
| Q2 24 | $163.5M | $592.8M | ||
| Q1 24 | $220.5M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $1.2B | $320.5M | ||
| Q3 25 | $1.2B | $180.7M | ||
| Q2 25 | $1.3B | $145.7M | ||
| Q1 25 | $1.6B | $129.8M | ||
| Q4 24 | $1.8B | $111.6M | ||
| Q3 24 | $1.9B | $164.7M | ||
| Q2 24 | $2.0B | $174.0M | ||
| Q1 24 | $2.1B | $171.6M |
| Q4 25 | $4.4B | $1.0B | ||
| Q3 25 | $4.4B | $891.5M | ||
| Q2 25 | $4.5B | $926.8M | ||
| Q1 25 | $4.7B | $927.3M | ||
| Q4 24 | $5.0B | $866.8M | ||
| Q3 24 | $5.2B | $916.0M | ||
| Q2 24 | $5.3B | $924.0M | ||
| Q1 24 | $5.4B | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | — | $24.1M |
| FCF MarginFCF / Revenue | — | 19.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $24.8M | ||
| Q3 25 | $8.9M | $34.0M | ||
| Q2 25 | $18.8M | $30.7M | ||
| Q1 25 | $12.9M | $31.4M | ||
| Q4 24 | $129.4M | $22.1M | ||
| Q3 24 | $26.4M | $35.8M | ||
| Q2 24 | $23.8M | $28.6M | ||
| Q1 24 | $37.0M | $22.2M |
| Q4 25 | — | $24.1M | ||
| Q3 25 | — | $33.1M | ||
| Q2 25 | — | $30.2M | ||
| Q1 25 | — | $30.3M | ||
| Q4 24 | — | $21.5M | ||
| Q3 24 | — | $35.1M | ||
| Q2 24 | — | $28.2M | ||
| Q1 24 | — | $21.2M |
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 26.8% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
