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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $71.1M, roughly 1.8× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -35.7%, a 37.7% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -2.5%). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
JBGS vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $71.1M |
| Net Profit | $-45.5M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | -47.5% | 13.1% |
| Net Margin | -35.7% | 2.0% |
| Revenue YoY | -2.5% | -1.8% |
| Net Profit YoY | 24.0% | -75.2% |
| EPS (diluted) | $-0.76 | — |
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 | $71.1M | ||
| Q3 25 | $123.9M | $73.2M | ||
| Q2 25 | $126.5M | $72.8M | ||
| Q1 25 | $120.7M | $74.5M | ||
| Q4 24 | $130.8M | $72.5M | ||
| Q3 24 | $136.0M | $78.5M | ||
| Q2 24 | $135.3M | $78.5M | ||
| Q1 24 | $145.2M | $78.3M |
| Q4 25 | $-45.5M | $1.4M | ||
| Q3 25 | $-28.6M | $4.0M | ||
| Q2 25 | $-19.2M | $4.7M | ||
| Q1 25 | $-45.7M | $-2.0M | ||
| Q4 24 | $-59.9M | $5.8M | ||
| Q3 24 | $-27.0M | $966.0K | ||
| Q2 24 | $-24.4M | $3.7M | ||
| Q1 24 | $-32.3M | $-3.4M |
| Q4 25 | -47.5% | 13.1% | ||
| Q3 25 | -27.5% | 25.0% | ||
| Q2 25 | -18.4% | 19.3% | ||
| Q1 25 | -44.7% | 7.2% | ||
| Q4 24 | -53.6% | 5.9% | ||
| Q3 24 | -22.4% | 19.4% | ||
| Q2 24 | -24.3% | 20.6% | ||
| Q1 24 | -30.1% | 5.8% |
| Q4 25 | -35.7% | 2.0% | ||
| Q3 25 | -23.1% | 5.4% | ||
| Q2 25 | -15.2% | 6.4% | ||
| Q1 25 | -37.9% | -2.6% | ||
| Q4 24 | -45.8% | 8.0% | ||
| Q3 24 | -19.8% | 1.2% | ||
| Q2 24 | -18.0% | 4.7% | ||
| Q1 24 | -22.2% | -4.3% |
| Q4 25 | $-0.76 | — | ||
| Q3 25 | $-0.48 | — | ||
| Q2 25 | $-0.29 | — | ||
| Q1 25 | $-0.56 | — | ||
| Q4 24 | $-0.70 | — | ||
| Q3 24 | $-0.32 | — | ||
| Q2 24 | $-0.27 | — | ||
| Q1 24 | $-0.36 | — |
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 | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $1.2B | $452.4M |
| Total Assets | $4.4B | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $118.7M | ||
| Q3 25 | $64.4M | $107.5M | ||
| Q2 25 | $61.4M | $94.3M | ||
| Q1 25 | $81.3M | $89.1M | ||
| Q4 24 | $145.8M | $96.6M | ||
| Q3 24 | $137.0M | $83.8M | ||
| Q2 24 | $163.5M | $66.1M | ||
| Q1 24 | $220.5M | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $1.2B | $452.4M | ||
| Q3 25 | $1.2B | $448.1M | ||
| Q2 25 | $1.3B | $442.4M | ||
| Q1 25 | $1.6B | $433.5M | ||
| Q4 24 | $1.8B | $429.5M | ||
| Q3 24 | $1.9B | $423.1M | ||
| Q2 24 | $2.0B | $418.4M | ||
| Q1 24 | $2.1B | $412.0M |
| Q4 25 | $4.4B | $582.5M | ||
| Q3 25 | $4.4B | $582.2M | ||
| Q2 25 | $4.5B | $574.8M | ||
| Q1 25 | $4.7B | $571.4M | ||
| Q4 24 | $5.0B | $581.6M | ||
| Q3 24 | $5.2B | $578.6M | ||
| Q2 24 | $5.3B | $571.4M | ||
| Q1 24 | $5.4B | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | — | $33.5M |
| FCF MarginFCF / Revenue | — | 47.1% |
| Capex IntensityCapex / Revenue | — | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $40.9M | ||
| Q3 25 | $8.9M | $17.7M | ||
| Q2 25 | $18.8M | $4.6M | ||
| Q1 25 | $12.9M | $5.7M | ||
| Q4 24 | $129.4M | $59.7M | ||
| Q3 24 | $26.4M | $17.6M | ||
| Q2 24 | $23.8M | $15.9M | ||
| Q1 24 | $37.0M | $9.4M |
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
