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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and REX AMERICAN RESOURCES Corp (REX). Click either name above to swap in a different company.

REX AMERICAN RESOURCES Corp is the larger business by last-quarter revenue ($175.6M vs $127.6M, roughly 1.4× JBG SMITH Properties). REX AMERICAN RESOURCES Corp runs the higher net margin — 15.6% vs -35.7%, a 51.3% gap on every dollar of revenue. On growth, REX AMERICAN RESOURCES Corp posted the faster year-over-year revenue change (0.4% vs -2.5%). Over the past eight quarters, REX AMERICAN RESOURCES Corp's revenue compounded faster (-3.2% CAGR vs -6.3%).

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

REX American Resources Corp. is an American producer and retailer of ethanol, distillers grains and natural gas as well as a holding company in energy entities. It was founded in 1980 and is headquartered in Dayton, Ohio. The company has the entire ownership of three affiliated corporations including Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. As of 2012, the company has the ownership of 22 national retail stores and invested in five ethanol production...

JBGS vs REX — Head-to-Head

Bigger by revenue
REX
REX
1.4× larger
REX
$175.6M
$127.6M
JBGS
Growing faster (revenue YoY)
REX
REX
+2.9% gap
REX
0.4%
-2.5%
JBGS
Higher net margin
REX
REX
51.3% more per $
REX
15.6%
-35.7%
JBGS
Faster 2-yr revenue CAGR
REX
REX
Annualised
REX
-3.2%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
JBGS
JBGS
REX
REX
Revenue
$127.6M
$175.6M
Net Profit
$-45.5M
$27.5M
Gross Margin
20.6%
Operating Margin
-47.5%
20.2%
Net Margin
-35.7%
15.6%
Revenue YoY
-2.5%
0.4%
Net Profit YoY
24.0%
-8.7%
EPS (diluted)
$-0.76
$0.71

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
REX
REX
Q4 25
$127.6M
$175.6M
Q3 25
$123.9M
$158.6M
Q2 25
$126.5M
$158.3M
Q1 25
$120.7M
$158.2M
Q4 24
$130.8M
$174.9M
Q3 24
$136.0M
$148.2M
Q2 24
$135.3M
$161.2M
Q1 24
$145.2M
$187.6M
Net Profit
JBGS
JBGS
REX
REX
Q4 25
$-45.5M
$27.5M
Q3 25
$-28.6M
$9.3M
Q2 25
$-19.2M
$10.7M
Q1 25
$-45.7M
$14.1M
Q4 24
$-59.9M
$30.1M
Q3 24
$-27.0M
$15.0M
Q2 24
$-24.4M
$12.3M
Q1 24
$-32.3M
$25.3M
Gross Margin
JBGS
JBGS
REX
REX
Q4 25
20.6%
Q3 25
9.0%
Q2 25
9.1%
Q1 25
11.1%
Q4 24
22.7%
Q3 24
13.3%
Q2 24
9.0%
Q1 24
16.2%
Operating Margin
JBGS
JBGS
REX
REX
Q4 25
-47.5%
20.2%
Q3 25
-27.5%
Q2 25
-18.4%
Q1 25
-44.7%
11.3%
Q4 24
-53.6%
22.6%
Q3 24
-22.4%
13.2%
Q2 24
-24.3%
9.9%
Q1 24
-30.1%
17.3%
Net Margin
JBGS
JBGS
REX
REX
Q4 25
-35.7%
15.6%
Q3 25
-23.1%
5.9%
Q2 25
-15.2%
6.7%
Q1 25
-37.9%
8.9%
Q4 24
-45.8%
17.2%
Q3 24
-19.8%
10.1%
Q2 24
-18.0%
7.6%
Q1 24
-22.2%
13.5%
EPS (diluted)
JBGS
JBGS
REX
REX
Q4 25
$-0.76
$0.71
Q3 25
$-0.48
$0.43
Q2 25
$-0.29
$0.51
Q1 25
$-0.56
$-0.32
Q4 24
$-0.70
$0.69
Q3 24
$-0.32
$0.70
Q2 24
$-0.27
$0.58
Q1 24
$-0.36
$-0.58

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
REX
REX
Cash + ST InvestmentsLiquidity on hand
$75.3M
$335.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$566.9M
Total Assets
$4.4B
$750.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
REX
REX
Q4 25
$75.3M
$335.5M
Q3 25
$64.4M
$310.5M
Q2 25
$61.4M
$315.9M
Q1 25
$81.3M
$359.1M
Q4 24
$145.8M
$365.1M
Q3 24
$137.0M
$346.0M
Q2 24
$163.5M
$351.8M
Q1 24
$220.5M
$378.7M
Stockholders' Equity
JBGS
JBGS
REX
REX
Q4 25
$1.2B
$566.9M
Q3 25
$1.2B
$545.8M
Q2 25
$1.3B
$536.4M
Q1 25
$1.6B
$560.3M
Q4 24
$1.8B
$564.5M
Q3 24
$1.9B
$539.6M
Q2 24
$2.0B
$524.5M
Q1 24
$2.1B
$513.9M
Total Assets
JBGS
JBGS
REX
REX
Q4 25
$4.4B
$750.1M
Q3 25
$4.4B
$700.6M
Q2 25
$4.5B
$693.8M
Q1 25
$4.7B
$720.0M
Q4 24
$5.0B
$715.7M
Q3 24
$5.2B
$680.0M
Q2 24
$5.3B
$671.0M
Q1 24
$5.4B
$664.8M

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
REX
REX
Operating Cash FlowLast quarter
$73.3M
$51.2M
Free Cash FlowOCF − Capex
$24.5M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
15.2%
Cash ConversionOCF / Net Profit
1.87×
TTM Free Cash FlowTrailing 4 quarters
$17.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
REX
REX
Q4 25
$73.3M
$51.2M
Q3 25
$8.9M
$16.3M
Q2 25
$18.8M
$-3.5M
Q1 25
$12.9M
$25.1M
Q4 24
$129.4M
$33.4M
Q3 24
$26.4M
$8.0M
Q2 24
$23.8M
$-2.3M
Q1 24
$37.0M
$62.5M
Free Cash Flow
JBGS
JBGS
REX
REX
Q4 25
$24.5M
Q3 25
$-5.7M
Q2 25
$-10.4M
Q1 25
$9.2M
Q4 24
$18.2M
Q3 24
$-7.4M
Q2 24
$-27.1M
Q1 24
$47.2M
FCF Margin
JBGS
JBGS
REX
REX
Q4 25
14.0%
Q3 25
-3.6%
Q2 25
-6.6%
Q1 25
5.8%
Q4 24
10.4%
Q3 24
-5.0%
Q2 24
-16.8%
Q1 24
25.2%
Capex Intensity
JBGS
JBGS
REX
REX
Q4 25
15.2%
Q3 25
13.9%
Q2 25
4.4%
Q1 25
10.0%
Q4 24
8.7%
Q3 24
10.4%
Q2 24
15.4%
Q1 24
8.2%
Cash Conversion
JBGS
JBGS
REX
REX
Q4 25
1.87×
Q3 25
1.75×
Q2 25
-0.33×
Q1 25
1.78×
Q4 24
1.11×
Q3 24
0.53×
Q2 24
-0.18×
Q1 24
2.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JBGS
JBGS

Segment breakdown not available.

REX
REX

Ethanol$136.0M77%
Dried Distillers Grains$22.4M13%
Distillers Corn Oil$16.4M9%
Modified Distillers Grains$1.2M1%

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