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

PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $127.6M, roughly 1.3× JBG SMITH Properties). JBG SMITH Properties runs the higher net margin — -35.7% vs -82.0%, a 46.3% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -22.7%). Over the past eight quarters, JBG SMITH Properties's revenue compounded faster (-6.3% CAGR vs -11.5%).

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

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

JBGS vs PTCT — Head-to-Head

Bigger by revenue
PTCT
PTCT
1.3× larger
PTCT
$164.7M
$127.6M
JBGS
Growing faster (revenue YoY)
JBGS
JBGS
+20.3% gap
JBGS
-2.5%
-22.7%
PTCT
Higher net margin
JBGS
JBGS
46.3% more per $
JBGS
-35.7%
-82.0%
PTCT
Faster 2-yr revenue CAGR
JBGS
JBGS
Annualised
JBGS
-6.3%
-11.5%
PTCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBGS
JBGS
PTCT
PTCT
Revenue
$127.6M
$164.7M
Net Profit
$-45.5M
$-135.0M
Gross Margin
Operating Margin
-47.5%
-43.3%
Net Margin
-35.7%
-82.0%
Revenue YoY
-2.5%
-22.7%
Net Profit YoY
24.0%
-104.8%
EPS (diluted)
$-0.76
$-1.63

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
PTCT
PTCT
Q4 25
$127.6M
$164.7M
Q3 25
$123.9M
$211.0M
Q2 25
$126.5M
$178.9M
Q1 25
$120.7M
$1.2B
Q4 24
$130.8M
$213.2M
Q3 24
$136.0M
$196.8M
Q2 24
$135.3M
$186.7M
Q1 24
$145.2M
$210.1M
Net Profit
JBGS
JBGS
PTCT
PTCT
Q4 25
$-45.5M
$-135.0M
Q3 25
$-28.6M
$15.9M
Q2 25
$-19.2M
$-64.8M
Q1 25
$-45.7M
$866.6M
Q4 24
$-59.9M
$-65.9M
Q3 24
$-27.0M
$-106.7M
Q2 24
$-24.4M
$-99.2M
Q1 24
$-32.3M
$-91.6M
Operating Margin
JBGS
JBGS
PTCT
PTCT
Q4 25
-47.5%
-43.3%
Q3 25
-27.5%
1.4%
Q2 25
-18.4%
-19.5%
Q1 25
-44.7%
82.5%
Q4 24
-53.6%
-76.2%
Q3 24
-22.4%
-27.7%
Q2 24
-24.3%
-21.5%
Q1 24
-30.1%
-21.6%
Net Margin
JBGS
JBGS
PTCT
PTCT
Q4 25
-35.7%
-82.0%
Q3 25
-23.1%
7.5%
Q2 25
-15.2%
-36.3%
Q1 25
-37.9%
73.7%
Q4 24
-45.8%
-30.9%
Q3 24
-19.8%
-54.2%
Q2 24
-18.0%
-53.1%
Q1 24
-22.2%
-43.6%
EPS (diluted)
JBGS
JBGS
PTCT
PTCT
Q4 25
$-0.76
$-1.63
Q3 25
$-0.48
$0.20
Q2 25
$-0.29
$-0.83
Q1 25
$-0.56
$10.04
Q4 24
$-0.70
$-0.85
Q3 24
$-0.32
$-1.39
Q2 24
$-0.27
$-1.29
Q1 24
$-0.36
$-1.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
JBGS
JBGS
PTCT
PTCT
Cash + ST InvestmentsLiquidity on hand
$75.3M
$1.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$-205.3M
Total Assets
$4.4B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
PTCT
PTCT
Q4 25
$75.3M
$1.9B
Q3 25
$64.4M
$1.7B
Q2 25
$61.4M
$2.0B
Q1 25
$81.3M
$2.0B
Q4 24
$145.8M
$1.1B
Q3 24
$137.0M
$1.0B
Q2 24
$163.5M
$1.1B
Q1 24
$220.5M
$884.8M
Stockholders' Equity
JBGS
JBGS
PTCT
PTCT
Q4 25
$1.2B
$-205.3M
Q3 25
$1.2B
$-155.8M
Q2 25
$1.3B
$-206.5M
Q1 25
$1.6B
$-185.8M
Q4 24
$1.8B
$-1.1B
Q3 24
$1.9B
$-1.1B
Q2 24
$2.0B
$-980.2M
Q1 24
$2.1B
$-893.9M
Total Assets
JBGS
JBGS
PTCT
PTCT
Q4 25
$4.4B
$2.9B
Q3 25
$4.4B
$2.6B
Q2 25
$4.5B
$2.6B
Q1 25
$4.7B
$2.7B
Q4 24
$5.0B
$1.7B
Q3 24
$5.2B
$1.8B
Q2 24
$5.3B
$1.9B
Q1 24
$5.4B
$1.8B

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
PTCT
PTCT
Operating Cash FlowLast quarter
$73.3M
$-34.3M
Free Cash FlowOCF − Capex
$-36.6M
FCF MarginFCF / Revenue
-22.3%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
PTCT
PTCT
Q4 25
$73.3M
$-34.3M
Q3 25
$8.9M
$-66.3M
Q2 25
$18.8M
$-58.3M
Q1 25
$12.9M
$870.1M
Q4 24
$129.4M
$-30.0M
Q3 24
$26.4M
$-77.0M
Q2 24
$23.8M
$-71.5M
Q1 24
$37.0M
$70.8M
Free Cash Flow
JBGS
JBGS
PTCT
PTCT
Q4 25
$-36.6M
Q3 25
$-69.7M
Q2 25
$-59.6M
Q1 25
$868.4M
Q4 24
$-33.8M
Q3 24
$-77.5M
Q2 24
$-78.8M
Q1 24
$61.2M
FCF Margin
JBGS
JBGS
PTCT
PTCT
Q4 25
-22.3%
Q3 25
-33.1%
Q2 25
-33.3%
Q1 25
73.8%
Q4 24
-15.8%
Q3 24
-39.4%
Q2 24
-42.2%
Q1 24
29.1%
Capex Intensity
JBGS
JBGS
PTCT
PTCT
Q4 25
1.4%
Q3 25
1.6%
Q2 25
0.7%
Q1 25
0.1%
Q4 24
1.8%
Q3 24
0.3%
Q2 24
4.0%
Q1 24
4.6%
Cash Conversion
JBGS
JBGS
PTCT
PTCT
Q4 25
Q3 25
-4.17×
Q2 25
Q1 25
1.00×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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