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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $124.7M, roughly 1.0× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -35.7%, a 37.2% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -3.9%). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% CAGR vs -6.3%).

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

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

JBGS vs SWBI — Head-to-Head

Bigger by revenue
JBGS
JBGS
1.0× larger
JBGS
$127.6M
$124.7M
SWBI
Growing faster (revenue YoY)
JBGS
JBGS
+1.4% gap
JBGS
-2.5%
-3.9%
SWBI
Higher net margin
SWBI
SWBI
37.2% more per $
SWBI
1.5%
-35.7%
JBGS
Faster 2-yr revenue CAGR
SWBI
SWBI
Annualised
SWBI
-4.8%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
JBGS
JBGS
SWBI
SWBI
Revenue
$127.6M
$124.7M
Net Profit
$-45.5M
$1.9M
Gross Margin
24.3%
Operating Margin
-47.5%
3.3%
Net Margin
-35.7%
1.5%
Revenue YoY
-2.5%
-3.9%
Net Profit YoY
24.0%
-53.6%
EPS (diluted)
$-0.76
$0.04

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
SWBI
SWBI
Q4 25
$127.6M
$124.7M
Q3 25
$123.9M
$85.1M
Q2 25
$126.5M
$140.8M
Q1 25
$120.7M
$115.9M
Q4 24
$130.8M
$129.7M
Q3 24
$136.0M
$88.3M
Q2 24
$135.3M
$159.1M
Q1 24
$145.2M
$137.5M
Net Profit
JBGS
JBGS
SWBI
SWBI
Q4 25
$-45.5M
$1.9M
Q3 25
$-28.6M
$-3.4M
Q2 25
$-19.2M
$8.6M
Q1 25
$-45.7M
$2.1M
Q4 24
$-59.9M
$4.5M
Q3 24
$-27.0M
$-1.9M
Q2 24
$-24.4M
$27.9M
Q1 24
$-32.3M
$7.9M
Gross Margin
JBGS
JBGS
SWBI
SWBI
Q4 25
24.3%
Q3 25
25.9%
Q2 25
28.8%
Q1 25
24.1%
Q4 24
26.6%
Q3 24
27.4%
Q2 24
35.5%
Q1 24
28.7%
Operating Margin
JBGS
JBGS
SWBI
SWBI
Q4 25
-47.5%
3.3%
Q3 25
-27.5%
-3.5%
Q2 25
-18.4%
9.3%
Q1 25
-44.7%
4.1%
Q4 24
-53.6%
5.8%
Q3 24
-22.4%
-1.7%
Q2 24
-24.3%
17.4%
Q1 24
-30.1%
8.2%
Net Margin
JBGS
JBGS
SWBI
SWBI
Q4 25
-35.7%
1.5%
Q3 25
-23.1%
-4.0%
Q2 25
-15.2%
6.1%
Q1 25
-37.9%
1.8%
Q4 24
-45.8%
3.5%
Q3 24
-19.8%
-2.1%
Q2 24
-18.0%
17.5%
Q1 24
-22.2%
5.7%
EPS (diluted)
JBGS
JBGS
SWBI
SWBI
Q4 25
$-0.76
$0.04
Q3 25
$-0.48
$-0.08
Q2 25
$-0.29
$0.19
Q1 25
$-0.56
$0.05
Q4 24
$-0.70
$0.10
Q3 24
$-0.32
$-0.04
Q2 24
$-0.27
$0.60
Q1 24
$-0.36
$0.17

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$75.3M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$363.2M
Total Assets
$4.4B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
SWBI
SWBI
Q4 25
$75.3M
$22.4M
Q3 25
$64.4M
$18.0M
Q2 25
$61.4M
$25.2M
Q1 25
$81.3M
$26.7M
Q4 24
$145.8M
$39.1M
Q3 24
$137.0M
$35.5M
Q2 24
$163.5M
$60.8M
Q1 24
$220.5M
$47.4M
Stockholders' Equity
JBGS
JBGS
SWBI
SWBI
Q4 25
$1.2B
$363.2M
Q3 25
$1.2B
$364.4M
Q2 25
$1.3B
$372.5M
Q1 25
$1.6B
$366.9M
Q4 24
$1.8B
$371.5M
Q3 24
$1.9B
$380.0M
Q2 24
$2.0B
$399.9M
Q1 24
$2.1B
$376.4M
Total Assets
JBGS
JBGS
SWBI
SWBI
Q4 25
$4.4B
$548.6M
Q3 25
$4.4B
$554.6M
Q2 25
$4.5B
$559.6M
Q1 25
$4.7B
$578.9M
Q4 24
$5.0B
$587.4M
Q3 24
$5.2B
$571.3M
Q2 24
$5.3B
$577.4M
Q1 24
$5.4B
$570.6M

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
SWBI
SWBI
Operating Cash FlowLast quarter
$73.3M
$27.3M
Free Cash FlowOCF − Capex
$16.3M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
SWBI
SWBI
Q4 25
$73.3M
$27.3M
Q3 25
$8.9M
$-8.1M
Q2 25
$18.8M
$40.8M
Q1 25
$12.9M
$-9.8M
Q4 24
$129.4M
$-7.4M
Q3 24
$26.4M
$-30.8M
Q2 24
$23.8M
$43.7M
Q1 24
$37.0M
$25.2M
Free Cash Flow
JBGS
JBGS
SWBI
SWBI
Q4 25
$16.3M
Q3 25
$-12.4M
Q2 25
$33.5M
Q1 25
$-16.1M
Q4 24
$-10.7M
Q3 24
$-35.5M
Q2 24
$38.2M
Q1 24
$7.0M
FCF Margin
JBGS
JBGS
SWBI
SWBI
Q4 25
13.1%
Q3 25
-14.6%
Q2 25
23.8%
Q1 25
-13.9%
Q4 24
-8.3%
Q3 24
-40.2%
Q2 24
24.0%
Q1 24
5.1%
Capex Intensity
JBGS
JBGS
SWBI
SWBI
Q4 25
8.8%
Q3 25
5.0%
Q2 25
5.2%
Q1 25
5.4%
Q4 24
2.5%
Q3 24
5.3%
Q2 24
3.5%
Q1 24
13.2%
Cash Conversion
JBGS
JBGS
SWBI
SWBI
Q4 25
14.22×
Q3 25
Q2 25
4.73×
Q1 25
-4.68×
Q4 24
-1.63×
Q3 24
Q2 24
1.57×
Q1 24
3.20×

Financial Flow Comparison

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

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