vs

Side-by-side financial comparison of JBG SMITH Properties (JBGS) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.

LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $127.6M, roughly 1.7× JBG SMITH Properties). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -35.7%, a 54.5% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -2.5%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -6.3%).

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

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

JBGS vs RAMP — Head-to-Head

Bigger by revenue
RAMP
RAMP
1.7× larger
RAMP
$212.2M
$127.6M
JBGS
Growing faster (revenue YoY)
RAMP
RAMP
+11.1% gap
RAMP
8.6%
-2.5%
JBGS
Higher net margin
RAMP
RAMP
54.5% more per $
RAMP
18.8%
-35.7%
JBGS
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
JBGS
JBGS
RAMP
RAMP
Revenue
$127.6M
$212.2M
Net Profit
$-45.5M
$39.9M
Gross Margin
71.9%
Operating Margin
-47.5%
18.6%
Net Margin
-35.7%
18.8%
Revenue YoY
-2.5%
8.6%
Net Profit YoY
24.0%
255.7%
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.

Revenue
JBGS
JBGS
RAMP
RAMP
Q4 25
$127.6M
$212.2M
Q3 25
$123.9M
$199.8M
Q2 25
$126.5M
$194.8M
Q1 25
$120.7M
$188.7M
Q4 24
$130.8M
$195.4M
Q3 24
$136.0M
$185.5M
Q2 24
$135.3M
$176.0M
Q1 24
$145.2M
$171.9M
Net Profit
JBGS
JBGS
RAMP
RAMP
Q4 25
$-45.5M
$39.9M
Q3 25
$-28.6M
$27.4M
Q2 25
$-19.2M
$7.7M
Q1 25
$-45.7M
$-6.3M
Q4 24
$-59.9M
$11.2M
Q3 24
$-27.0M
$1.7M
Q2 24
$-24.4M
$-7.5M
Q1 24
$-32.3M
$-5.4M
Gross Margin
JBGS
JBGS
RAMP
RAMP
Q4 25
71.9%
Q3 25
70.2%
Q2 25
70.1%
Q1 25
69.3%
Q4 24
71.9%
Q3 24
72.4%
Q2 24
70.6%
Q1 24
72.2%
Operating Margin
JBGS
JBGS
RAMP
RAMP
Q4 25
-47.5%
18.6%
Q3 25
-27.5%
10.7%
Q2 25
-18.4%
3.7%
Q1 25
-44.7%
-6.1%
Q4 24
-53.6%
7.5%
Q3 24
-22.4%
4.0%
Q2 24
-24.3%
-3.0%
Q1 24
-30.1%
-8.3%
Net Margin
JBGS
JBGS
RAMP
RAMP
Q4 25
-35.7%
18.8%
Q3 25
-23.1%
13.7%
Q2 25
-15.2%
4.0%
Q1 25
-37.9%
-3.3%
Q4 24
-45.8%
5.7%
Q3 24
-19.8%
0.9%
Q2 24
-18.0%
-4.3%
Q1 24
-22.2%
-3.1%
EPS (diluted)
JBGS
JBGS
RAMP
RAMP
Q4 25
$-0.76
$0.62
Q3 25
$-0.48
$0.42
Q2 25
$-0.29
$0.12
Q1 25
$-0.56
$-0.10
Q4 24
$-0.70
$0.17
Q3 24
$-0.32
$0.03
Q2 24
$-0.27
$-0.11
Q1 24
$-0.36
$-0.09

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$75.3M
$403.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$962.3M
Total Assets
$4.4B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
RAMP
RAMP
Q4 25
$75.3M
$403.4M
Q3 25
$64.4M
$376.9M
Q2 25
$61.4M
$371.1M
Q1 25
$81.3M
$420.8M
Q4 24
$145.8M
$384.3M
Q3 24
$137.0M
$348.4M
Q2 24
$163.5M
$342.7M
Q1 24
$220.5M
$368.9M
Stockholders' Equity
JBGS
JBGS
RAMP
RAMP
Q4 25
$1.2B
$962.3M
Q3 25
$1.2B
$943.8M
Q2 25
$1.3B
$947.8M
Q1 25
$1.6B
$948.9M
Q4 24
$1.8B
$957.7M
Q3 24
$1.9B
$932.1M
Q2 24
$2.0B
$951.9M
Q1 24
$2.1B
$949.1M
Total Assets
JBGS
JBGS
RAMP
RAMP
Q4 25
$4.4B
$1.3B
Q3 25
$4.4B
$1.2B
Q2 25
$4.5B
$1.2B
Q1 25
$4.7B
$1.3B
Q4 24
$5.0B
$1.3B
Q3 24
$5.2B
$1.2B
Q2 24
$5.3B
$1.2B
Q1 24
$5.4B
$1.2B

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
RAMP
RAMP
Operating Cash FlowLast quarter
$73.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
RAMP
RAMP
Q4 25
$73.3M
Q3 25
$8.9M
$57.4M
Q2 25
$18.8M
$-15.8M
Q1 25
$12.9M
Q4 24
$129.4M
$45.1M
Q3 24
$26.4M
$55.6M
Q2 24
$23.8M
$-9.3M
Q1 24
$37.0M
Free Cash Flow
JBGS
JBGS
RAMP
RAMP
Q4 25
Q3 25
$56.8M
Q2 25
$-16.2M
Q1 25
Q4 24
$44.8M
Q3 24
$55.4M
Q2 24
$-9.6M
Q1 24
FCF Margin
JBGS
JBGS
RAMP
RAMP
Q4 25
Q3 25
28.4%
Q2 25
-8.3%
Q1 25
Q4 24
22.9%
Q3 24
29.8%
Q2 24
-5.4%
Q1 24
Capex Intensity
JBGS
JBGS
RAMP
RAMP
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
1.0%
Cash Conversion
JBGS
JBGS
RAMP
RAMP
Q4 25
Q3 25
2.09×
Q2 25
-2.04×
Q1 25
Q4 24
4.02×
Q3 24
32.10×
Q2 24
Q1 24

Financial Flow Comparison

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

Related Comparisons