vs
Side-by-side financial comparison of JBG SMITH Properties (JBGS) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $127.6M, roughly 1.2× JBG SMITH Properties). CPI Card Group Inc. runs the higher net margin — 4.8% vs -35.7%, a 40.5% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -2.5%). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
JBGS vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $153.1M |
| Net Profit | $-45.5M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | -47.5% | 12.0% |
| Net Margin | -35.7% | 4.8% |
| Revenue YoY | -2.5% | 22.3% |
| Net Profit YoY | 24.0% | 8.5% |
| EPS (diluted) | $-0.76 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $123.9M | $138.0M | ||
| Q2 25 | $126.5M | $129.8M | ||
| Q1 25 | $120.7M | $122.8M | ||
| Q4 24 | $130.8M | $125.1M | ||
| Q3 24 | $136.0M | $124.8M | ||
| Q2 24 | $135.3M | $118.8M | ||
| Q1 24 | $145.2M | $111.9M |
| Q4 25 | $-45.5M | $7.3M | ||
| Q3 25 | $-28.6M | $2.3M | ||
| Q2 25 | $-19.2M | $518.0K | ||
| Q1 25 | $-45.7M | $4.8M | ||
| Q4 24 | $-59.9M | $6.8M | ||
| Q3 24 | $-27.0M | $1.3M | ||
| Q2 24 | $-24.4M | $6.0M | ||
| Q1 24 | $-32.3M | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | -47.5% | 12.0% | ||
| Q3 25 | -27.5% | 9.4% | ||
| Q2 25 | -18.4% | 7.3% | ||
| Q1 25 | -44.7% | 11.5% | ||
| Q4 24 | -53.6% | 12.7% | ||
| Q3 24 | -22.4% | 14.3% | ||
| Q2 24 | -24.3% | 12.5% | ||
| Q1 24 | -30.1% | 12.6% |
| Q4 25 | -35.7% | 4.8% | ||
| Q3 25 | -23.1% | 1.7% | ||
| Q2 25 | -15.2% | 0.4% | ||
| Q1 25 | -37.9% | 3.9% | ||
| Q4 24 | -45.8% | 5.4% | ||
| Q3 24 | -19.8% | 1.0% | ||
| Q2 24 | -18.0% | 5.1% | ||
| Q1 24 | -22.2% | 4.9% |
| Q4 25 | $-0.76 | $0.62 | ||
| Q3 25 | $-0.48 | $0.19 | ||
| Q2 25 | $-0.29 | $0.04 | ||
| Q1 25 | $-0.56 | $0.40 | ||
| Q4 24 | $-0.70 | $0.56 | ||
| Q3 24 | $-0.32 | $0.11 | ||
| Q2 24 | $-0.27 | $0.51 | ||
| Q1 24 | $-0.36 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $1.2B | $-17.3M |
| Total Assets | $4.4B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $21.7M | ||
| Q3 25 | $64.4M | $16.0M | ||
| Q2 25 | $61.4M | $17.1M | ||
| Q1 25 | $81.3M | $31.5M | ||
| Q4 24 | $145.8M | $33.5M | ||
| Q3 24 | $137.0M | $14.7M | ||
| Q2 24 | $163.5M | $7.5M | ||
| Q1 24 | $220.5M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $1.2B | $-17.3M | ||
| Q3 25 | $1.2B | $-25.7M | ||
| Q2 25 | $1.3B | $-29.0M | ||
| Q1 25 | $1.6B | $-29.7M | ||
| Q4 24 | $1.8B | $-35.6M | ||
| Q3 24 | $1.9B | $-42.8M | ||
| Q2 24 | $2.0B | $-44.6M | ||
| Q1 24 | $2.1B | $-48.5M |
| Q4 25 | $4.4B | $403.2M | ||
| Q3 25 | $4.4B | $407.1M | ||
| Q2 25 | $4.5B | $399.8M | ||
| Q1 25 | $4.7B | $351.9M | ||
| Q4 24 | $5.0B | $349.7M | ||
| Q3 24 | $5.2B | $342.3M | ||
| Q2 24 | $5.3B | $321.4M | ||
| Q1 24 | $5.4B | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | — | $35.2M |
| FCF MarginFCF / Revenue | — | 23.0% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $39.6M | ||
| Q3 25 | $8.9M | $10.0M | ||
| Q2 25 | $18.8M | $4.3M | ||
| Q1 25 | $12.9M | $5.6M | ||
| Q4 24 | $129.4M | $26.7M | ||
| Q3 24 | $26.4M | $12.5M | ||
| Q2 24 | $23.8M | $-4.8M | ||
| Q1 24 | $37.0M | $8.9M |
| Q4 25 | — | $35.2M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $533.0K | ||
| Q1 25 | — | $292.0K | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $7.4M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | -5.0% | ||
| Q1 24 | — | 6.6% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | — | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
