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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and Portillo's Inc. (PTLO). Click either name above to swap in a different company.

Portillo's Inc. is the larger business by last-quarter revenue ($185.7M vs $127.6M, roughly 1.5× JBG SMITH Properties). Portillo's Inc. runs the higher net margin — 3.4% vs -35.7%, a 39.1% gap on every dollar of revenue. On growth, Portillo's Inc. posted the faster year-over-year revenue change (0.6% vs -2.5%). Over the past eight quarters, Portillo's Inc.'s revenue compounded faster (5.8% CAGR vs -6.3%).

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

Portillo's Restaurant Group, Inc. is an American fast casual restaurant chain based in the Chicago area that specializes in serving Chicago-style food such as hot dogs, Maxwell Street Polish, and Italian beef. The company was founded by Dick Portillo on April 9, 1963, in Villa Park, Illinois, under the name "The Dog House".

JBGS vs PTLO — Head-to-Head

Bigger by revenue
PTLO
PTLO
1.5× larger
PTLO
$185.7M
$127.6M
JBGS
Growing faster (revenue YoY)
PTLO
PTLO
+3.1% gap
PTLO
0.6%
-2.5%
JBGS
Higher net margin
PTLO
PTLO
39.1% more per $
PTLO
3.4%
-35.7%
JBGS
Faster 2-yr revenue CAGR
PTLO
PTLO
Annualised
PTLO
5.8%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBGS
JBGS
PTLO
PTLO
Revenue
$127.6M
$185.7M
Net Profit
$-45.5M
$6.3M
Gross Margin
Operating Margin
-47.5%
5.6%
Net Margin
-35.7%
3.4%
Revenue YoY
-2.5%
0.6%
Net Profit YoY
24.0%
-49.5%
EPS (diluted)
$-0.76
$0.08

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
PTLO
PTLO
Q4 25
$127.6M
$185.7M
Q3 25
$123.9M
$181.4M
Q2 25
$126.5M
$188.5M
Q1 25
$120.7M
$176.4M
Q4 24
$130.8M
$184.6M
Q3 24
$136.0M
$178.3M
Q2 24
$135.3M
$181.9M
Q1 24
$145.2M
$165.8M
Net Profit
JBGS
JBGS
PTLO
PTLO
Q4 25
$-45.5M
$6.3M
Q3 25
$-28.6M
$1.2M
Q2 25
$-19.2M
$8.7M
Q1 25
$-45.7M
$3.3M
Q4 24
$-59.9M
$12.4M
Q3 24
$-27.0M
$7.2M
Q2 24
$-24.4M
$6.5M
Q1 24
$-32.3M
$4.6M
Operating Margin
JBGS
JBGS
PTLO
PTLO
Q4 25
-47.5%
5.6%
Q3 25
-27.5%
3.0%
Q2 25
-18.4%
9.3%
Q1 25
-44.7%
5.9%
Q4 24
-53.6%
7.5%
Q3 24
-22.4%
9.0%
Q2 24
-24.3%
10.0%
Q1 24
-30.1%
6.1%
Net Margin
JBGS
JBGS
PTLO
PTLO
Q4 25
-35.7%
3.4%
Q3 25
-23.1%
0.7%
Q2 25
-15.2%
4.6%
Q1 25
-37.9%
1.9%
Q4 24
-45.8%
6.7%
Q3 24
-19.8%
4.1%
Q2 24
-18.0%
3.6%
Q1 24
-22.2%
2.8%
EPS (diluted)
JBGS
JBGS
PTLO
PTLO
Q4 25
$-0.76
$0.08
Q3 25
$-0.48
$0.02
Q2 25
$-0.29
$0.12
Q1 25
$-0.56
$0.05
Q4 24
$-0.70
$0.17
Q3 24
$-0.32
$0.11
Q2 24
$-0.27
$0.10
Q1 24
$-0.36
$0.08

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
PTLO
PTLO
Cash + ST InvestmentsLiquidity on hand
$75.3M
Total DebtLower is stronger
$334.2M
Stockholders' EquityBook value
$1.2B
$467.8M
Total Assets
$4.4B
$1.6B
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
PTLO
PTLO
Q4 25
$75.3M
Q3 25
$64.4M
Q2 25
$61.4M
Q1 25
$81.3M
Q4 24
$145.8M
Q3 24
$137.0M
Q2 24
$163.5M
Q1 24
$220.5M
Total Debt
JBGS
JBGS
PTLO
PTLO
Q4 25
$334.2M
Q3 25
$322.6M
Q2 25
$317.0M
Q1 25
$319.8M
Q4 24
$311.7M
Q3 24
$302.2M
Q2 24
$305.1M
Q1 24
$321.7M
Stockholders' Equity
JBGS
JBGS
PTLO
PTLO
Q4 25
$1.2B
$467.8M
Q3 25
$1.2B
$459.4M
Q2 25
$1.3B
$458.9M
Q1 25
$1.6B
$406.9M
Q4 24
$1.8B
$401.1M
Q3 24
$1.9B
$382.4M
Q2 24
$2.0B
$370.2M
Q1 24
$2.1B
$360.5M
Total Assets
JBGS
JBGS
PTLO
PTLO
Q4 25
$4.4B
$1.6B
Q3 25
$4.4B
$1.6B
Q2 25
$4.5B
$1.6B
Q1 25
$4.7B
$1.5B
Q4 24
$5.0B
$1.5B
Q3 24
$5.2B
$1.5B
Q2 24
$5.3B
$1.4B
Q1 24
$5.4B
$1.4B
Debt / Equity
JBGS
JBGS
PTLO
PTLO
Q4 25
0.71×
Q3 25
0.70×
Q2 25
0.69×
Q1 25
0.79×
Q4 24
0.78×
Q3 24
0.79×
Q2 24
0.82×
Q1 24
0.89×

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
PTLO
PTLO
Operating Cash FlowLast quarter
$73.3M
$23.2M
Free Cash FlowOCF − Capex
$-9.2M
FCF MarginFCF / Revenue
-4.9%
Capex IntensityCapex / Revenue
17.4%
Cash ConversionOCF / Net Profit
3.69×
TTM Free Cash FlowTrailing 4 quarters
$-18.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
PTLO
PTLO
Q4 25
$73.3M
$23.2M
Q3 25
$8.9M
$20.0M
Q2 25
$18.8M
$19.2M
Q1 25
$12.9M
$9.4M
Q4 24
$129.4M
$26.1M
Q3 24
$26.4M
$30.3M
Q2 24
$23.8M
$32.6M
Q1 24
$37.0M
$9.1M
Free Cash Flow
JBGS
JBGS
PTLO
PTLO
Q4 25
$-9.2M
Q3 25
$-5.0M
Q2 25
$5.2M
Q1 25
$-9.6M
Q4 24
$-5.6M
Q3 24
$7.7M
Q2 24
$15.6M
Q1 24
$-7.9M
FCF Margin
JBGS
JBGS
PTLO
PTLO
Q4 25
-4.9%
Q3 25
-2.7%
Q2 25
2.8%
Q1 25
-5.4%
Q4 24
-3.0%
Q3 24
4.3%
Q2 24
8.6%
Q1 24
-4.7%
Capex Intensity
JBGS
JBGS
PTLO
PTLO
Q4 25
17.4%
Q3 25
13.8%
Q2 25
7.5%
Q1 25
10.8%
Q4 24
17.2%
Q3 24
12.7%
Q2 24
9.3%
Q1 24
10.2%
Cash Conversion
JBGS
JBGS
PTLO
PTLO
Q4 25
3.69×
Q3 25
16.51×
Q2 25
2.21×
Q1 25
2.85×
Q4 24
2.10×
Q3 24
4.20×
Q2 24
5.03×
Q1 24
1.99×

Financial Flow Comparison

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

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