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

JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $117.7M, roughly 1.1× SEMrush Holdings, Inc.). SEMrush Holdings, Inc. runs the higher net margin — -9.4% vs -35.7%, a 26.3% gap on every dollar of revenue. On growth, SEMrush Holdings, Inc. posted the faster year-over-year revenue change (14.6% vs -2.5%). Over the past eight quarters, SEMrush Holdings, Inc.'s revenue compounded faster (17.1% CAGR vs -6.3%).

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

Semrush Holdings, Inc. is an American public company that has a SaaS platform known as Semrush. The platform is used for keyword research, competitive analysis, site audits, backlink tracking, domain authority tracking, and online visibility insights. The keyword research tool provides various data points on each keyword. The platform also collects information about online keywords gathered from Google and Bing search engines. It was released by Boston-based company Semrush Inc, founded by Ol...

JBGS vs SEMR — Head-to-Head

Bigger by revenue
JBGS
JBGS
1.1× larger
JBGS
$127.6M
$117.7M
SEMR
Growing faster (revenue YoY)
SEMR
SEMR
+17.1% gap
SEMR
14.6%
-2.5%
JBGS
Higher net margin
SEMR
SEMR
26.3% more per $
SEMR
-9.4%
-35.7%
JBGS
Faster 2-yr revenue CAGR
SEMR
SEMR
Annualised
SEMR
17.1%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBGS
JBGS
SEMR
SEMR
Revenue
$127.6M
$117.7M
Net Profit
$-45.5M
$-11.1M
Gross Margin
80.4%
Operating Margin
-47.5%
-11.8%
Net Margin
-35.7%
-9.4%
Revenue YoY
-2.5%
14.6%
Net Profit YoY
24.0%
-431.8%
EPS (diluted)
$-0.76
$-0.09

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
SEMR
SEMR
Q4 25
$127.6M
$117.7M
Q3 25
$123.9M
$112.1M
Q2 25
$126.5M
$108.9M
Q1 25
$120.7M
$105.0M
Q4 24
$130.8M
$102.6M
Q3 24
$136.0M
$97.4M
Q2 24
$135.3M
$91.0M
Q1 24
$145.2M
$85.8M
Net Profit
JBGS
JBGS
SEMR
SEMR
Q4 25
$-45.5M
$-11.1M
Q3 25
$-28.6M
$-2.1M
Q2 25
$-19.2M
$-6.6M
Q1 25
$-45.7M
$849.0K
Q4 24
$-59.9M
$3.3M
Q3 24
$-27.0M
$1.1M
Q2 24
$-24.4M
$1.7M
Q1 24
$-32.3M
$2.1M
Gross Margin
JBGS
JBGS
SEMR
SEMR
Q4 25
80.4%
Q3 25
80.2%
Q2 25
80.6%
Q1 25
81.1%
Q4 24
81.7%
Q3 24
82.5%
Q2 24
83.6%
Q1 24
82.9%
Operating Margin
JBGS
JBGS
SEMR
SEMR
Q4 25
-47.5%
-11.8%
Q3 25
-27.5%
-4.0%
Q2 25
-18.4%
-4.0%
Q1 25
-44.7%
-0.1%
Q4 24
-53.6%
1.7%
Q3 24
-22.4%
1.8%
Q2 24
-24.3%
3.7%
Q1 24
-30.1%
1.7%
Net Margin
JBGS
JBGS
SEMR
SEMR
Q4 25
-35.7%
-9.4%
Q3 25
-23.1%
-1.9%
Q2 25
-15.2%
-6.0%
Q1 25
-37.9%
0.8%
Q4 24
-45.8%
3.3%
Q3 24
-19.8%
1.1%
Q2 24
-18.0%
1.8%
Q1 24
-22.2%
2.5%
EPS (diluted)
JBGS
JBGS
SEMR
SEMR
Q4 25
$-0.76
$-0.09
Q3 25
$-0.48
$-0.01
Q2 25
$-0.29
$-0.04
Q1 25
$-0.56
$0.01
Q4 24
$-0.70
$0.03
Q3 24
$-0.32
$0.01
Q2 24
$-0.27
$0.01
Q1 24
$-0.36
$0.01

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
SEMR
SEMR
Cash + ST InvestmentsLiquidity on hand
$75.3M
$264.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$288.6M
Total Assets
$4.4B
$454.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
SEMR
SEMR
Q4 25
$75.3M
$264.3M
Q3 25
$64.4M
$80.8M
Q2 25
$61.4M
$54.3M
Q1 25
$81.3M
$64.7M
Q4 24
$145.8M
$48.9M
Q3 24
$137.0M
$45.1M
Q2 24
$163.5M
$69.6M
Q1 24
$220.5M
$41.4M
Stockholders' Equity
JBGS
JBGS
SEMR
SEMR
Q4 25
$1.2B
$288.6M
Q3 25
$1.2B
$289.7M
Q2 25
$1.3B
$279.0M
Q1 25
$1.6B
$268.7M
Q4 24
$1.8B
$256.6M
Q3 24
$1.9B
$248.5M
Q2 24
$2.0B
$235.6M
Q1 24
$2.1B
$226.0M
Total Assets
JBGS
JBGS
SEMR
SEMR
Q4 25
$4.4B
$454.1M
Q3 25
$4.4B
$450.4M
Q2 25
$4.5B
$424.9M
Q1 25
$4.7B
$416.5M
Q4 24
$5.0B
$390.9M
Q3 24
$5.2B
$383.8M
Q2 24
$5.3B
$372.9M
Q1 24
$5.4B
$341.7M

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
SEMR
SEMR
Operating Cash FlowLast quarter
$73.3M
$14.9M
Free Cash FlowOCF − Capex
$14.8M
FCF MarginFCF / Revenue
12.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$57.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
SEMR
SEMR
Q4 25
$73.3M
$14.9M
Q3 25
$8.9M
$21.9M
Q2 25
$18.8M
$684.0K
Q1 25
$12.9M
$22.1M
Q4 24
$129.4M
$11.9M
Q3 24
$26.4M
$8.1M
Q2 24
$23.8M
$12.1M
Q1 24
$37.0M
$14.8M
Free Cash Flow
JBGS
JBGS
SEMR
SEMR
Q4 25
$14.8M
Q3 25
$21.5M
Q2 25
$80.0K
Q1 25
$21.4M
Q4 24
$11.5M
Q3 24
$7.6M
Q2 24
$10.0M
Q1 24
$14.0M
FCF Margin
JBGS
JBGS
SEMR
SEMR
Q4 25
12.6%
Q3 25
19.2%
Q2 25
0.1%
Q1 25
20.4%
Q4 24
11.2%
Q3 24
7.8%
Q2 24
11.0%
Q1 24
16.3%
Capex Intensity
JBGS
JBGS
SEMR
SEMR
Q4 25
0.1%
Q3 25
0.4%
Q2 25
0.6%
Q1 25
0.7%
Q4 24
0.4%
Q3 24
0.5%
Q2 24
2.4%
Q1 24
0.9%
Cash Conversion
JBGS
JBGS
SEMR
SEMR
Q4 25
Q3 25
Q2 25
Q1 25
26.04×
Q4 24
3.57×
Q3 24
7.44×
Q2 24
7.32×
Q1 24
6.91×

Financial Flow Comparison

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

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