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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $127.6M, roughly 1.6× JBG SMITH Properties). ONE Group Hospitality, Inc. runs the higher net margin — -3.1% vs -35.7%, a 32.6% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -6.7%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
JBGS vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $207.0M |
| Net Profit | $-45.5M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | -47.5% | 2.2% |
| Net Margin | -35.7% | -3.1% |
| Revenue YoY | -2.5% | -6.7% |
| Net Profit YoY | 24.0% | -531.8% |
| EPS (diluted) | $-0.76 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $123.9M | $180.2M | ||
| Q2 25 | $126.5M | $207.4M | ||
| Q1 25 | $120.7M | $211.1M | ||
| Q4 24 | $130.8M | $221.9M | ||
| Q3 24 | $136.0M | $194.0M | ||
| Q2 24 | $135.3M | $172.5M | ||
| Q1 24 | $145.2M | $85.0M |
| Q4 25 | $-45.5M | $-6.4M | ||
| Q3 25 | $-28.6M | $-76.7M | ||
| Q2 25 | $-19.2M | $-10.1M | ||
| Q1 25 | $-45.7M | $975.0K | ||
| Q4 24 | $-59.9M | $1.5M | ||
| Q3 24 | $-27.0M | $-9.3M | ||
| Q2 24 | $-24.4M | $-7.3M | ||
| Q1 24 | $-32.3M | $-2.1M |
| Q4 25 | -47.5% | 2.2% | ||
| Q3 25 | -27.5% | -4.4% | ||
| Q2 25 | -18.4% | 0.3% | ||
| Q1 25 | -44.7% | 5.1% | ||
| Q4 24 | -53.6% | 5.5% | ||
| Q3 24 | -22.4% | -1.9% | ||
| Q2 24 | -24.3% | 0.6% | ||
| Q1 24 | -30.1% | -0.7% |
| Q4 25 | -35.7% | -3.1% | ||
| Q3 25 | -23.1% | -42.6% | ||
| Q2 25 | -15.2% | -4.9% | ||
| Q1 25 | -37.9% | 0.5% | ||
| Q4 24 | -45.8% | 0.7% | ||
| Q3 24 | -19.8% | -4.8% | ||
| Q2 24 | -18.0% | -4.3% | ||
| Q1 24 | -22.2% | -2.4% |
| Q4 25 | $-0.76 | $-0.50 | ||
| Q3 25 | $-0.48 | $-2.75 | ||
| Q2 25 | $-0.29 | $-0.59 | ||
| Q1 25 | $-0.56 | $-0.21 | ||
| Q4 24 | $-0.70 | $-0.18 | ||
| Q3 24 | $-0.32 | $-0.53 | ||
| Q2 24 | $-0.27 | $-0.38 | ||
| Q1 24 | $-0.36 | $-0.07 |
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 | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $1.2B | $-75.8M |
| Total Assets | $4.4B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $4.2M | ||
| Q3 25 | $64.4M | $5.5M | ||
| Q2 25 | $61.4M | $4.7M | ||
| Q1 25 | $81.3M | $21.4M | ||
| Q4 24 | $145.8M | $27.6M | ||
| Q3 24 | $137.0M | $28.2M | ||
| Q2 24 | $163.5M | $32.2M | ||
| Q1 24 | $220.5M | $15.4M |
| Q4 25 | — | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M | ||
| Q1 24 | — | $73.5M |
| Q4 25 | $1.2B | $-75.8M | ||
| Q3 25 | $1.2B | $-61.5M | ||
| Q2 25 | $1.3B | $23.0M | ||
| Q1 25 | $1.6B | $40.5M | ||
| Q4 24 | $1.8B | $45.9M | ||
| Q3 24 | $1.9B | $51.4M | ||
| Q2 24 | $2.0B | $68.1M | ||
| Q1 24 | $2.1B | $68.3M |
| Q4 25 | $4.4B | $884.2M | ||
| Q3 25 | $4.4B | $879.5M | ||
| Q2 25 | $4.5B | $935.7M | ||
| Q1 25 | $4.7B | $956.0M | ||
| Q4 24 | $5.0B | $960.1M | ||
| Q3 24 | $5.2B | $953.5M | ||
| Q2 24 | $5.3B | $945.9M | ||
| Q1 24 | $5.4B | $309.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $13.1M | ||
| Q3 25 | $8.9M | $5.9M | ||
| Q2 25 | $18.8M | $2.8M | ||
| Q1 25 | $12.9M | $8.5M | ||
| Q4 24 | $129.4M | $18.5M | ||
| Q3 24 | $26.4M | $19.1M | ||
| Q2 24 | $23.8M | $-3.8M | ||
| Q1 24 | $37.0M | $10.4M |
| Q4 25 | — | $-329.0K | ||
| Q3 25 | — | $-6.1M | ||
| Q2 25 | — | $-15.0M | ||
| Q1 25 | — | $-5.8M | ||
| Q4 24 | — | $733.0K | ||
| Q3 24 | — | $287.0K | ||
| Q2 24 | — | $-23.0M | ||
| Q1 24 | — | $-5.4M |
| Q4 25 | — | -0.2% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | -7.2% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -13.3% | ||
| Q1 24 | — | -6.4% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 8.76× | ||
| Q4 24 | — | 12.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
