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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and BRAND HOUSE COLLECTIVE, INC. (TBHC). Click either name above to swap in a different company.
JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $103.5M, roughly 1.2× BRAND HOUSE COLLECTIVE, INC.). BRAND HOUSE COLLECTIVE, INC. runs the higher net margin — -3.6% vs -35.7%, a 32.1% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -9.6%). Over the past eight quarters, JBG SMITH Properties's revenue compounded faster (-6.3% CAGR vs -21.0%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
JBGS vs TBHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $103.5M |
| Net Profit | $-45.5M | $-3.7M |
| Gross Margin | — | 20.4% |
| Operating Margin | -47.5% | -1.9% |
| Net Margin | -35.7% | -3.6% |
| Revenue YoY | -2.5% | -9.6% |
| Net Profit YoY | 24.0% | 51.8% |
| EPS (diluted) | $-0.76 | $-0.16 |
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 | $103.5M | ||
| Q3 25 | $123.9M | $75.8M | ||
| Q2 25 | $126.5M | $81.5M | ||
| Q1 25 | $120.7M | $148.9M | ||
| Q4 24 | $130.8M | $114.4M | ||
| Q3 24 | $136.0M | $86.3M | ||
| Q2 24 | $135.3M | $91.8M | ||
| Q1 24 | $145.2M | $165.9M |
| Q4 25 | $-45.5M | $-3.7M | ||
| Q3 25 | $-28.6M | $-20.2M | ||
| Q2 25 | $-19.2M | $-11.8M | ||
| Q1 25 | $-45.7M | $7.9M | ||
| Q4 24 | $-59.9M | $-7.7M | ||
| Q3 24 | $-27.0M | $-14.5M | ||
| Q2 24 | $-24.4M | $-8.8M | ||
| Q1 24 | $-32.3M | $10.1M |
| Q4 25 | — | 20.4% | ||
| Q3 25 | — | 16.3% | ||
| Q2 25 | — | 24.9% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 20.5% | ||
| Q2 24 | — | 29.5% | ||
| Q1 24 | — | 32.0% |
| Q4 25 | -47.5% | -1.9% | ||
| Q3 25 | -27.5% | -24.7% | ||
| Q2 25 | -18.4% | -12.9% | ||
| Q1 25 | -44.7% | 6.2% | ||
| Q4 24 | -53.6% | -2.1% | ||
| Q3 24 | -22.4% | -15.4% | ||
| Q2 24 | -24.3% | -8.2% | ||
| Q1 24 | -30.1% | 6.4% |
| Q4 25 | -35.7% | -3.6% | ||
| Q3 25 | -23.1% | -26.6% | ||
| Q2 25 | -15.2% | -14.5% | ||
| Q1 25 | -37.9% | 5.3% | ||
| Q4 24 | -45.8% | -6.7% | ||
| Q3 24 | -19.8% | -16.8% | ||
| Q2 24 | -18.0% | -9.6% | ||
| Q1 24 | -22.2% | 6.1% |
| Q4 25 | $-0.76 | $-0.16 | ||
| Q3 25 | $-0.48 | $-0.90 | ||
| Q2 25 | $-0.29 | $-0.54 | ||
| Q1 25 | $-0.56 | $0.61 | ||
| Q4 24 | $-0.70 | $-0.59 | ||
| Q3 24 | $-0.32 | $-1.11 | ||
| Q2 24 | $-0.27 | $-0.68 | ||
| Q1 24 | $-0.36 | $0.80 |
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 | $6.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $-44.0M |
| Total Assets | $4.4B | $229.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $6.5M | ||
| Q3 25 | $64.4M | $3.6M | ||
| Q2 25 | $61.4M | $3.5M | ||
| Q1 25 | $81.3M | $3.8M | ||
| Q4 24 | $145.8M | $6.8M | ||
| Q3 24 | $137.0M | $4.5M | ||
| Q2 24 | $163.5M | $3.8M | ||
| Q1 24 | $220.5M | $3.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.0M | ||
| Q4 24 | — | $85.8M | ||
| Q3 24 | — | $61.4M | ||
| Q2 24 | — | $47.5M | ||
| Q1 24 | — | $34.0M |
| Q4 25 | $1.2B | $-44.0M | ||
| Q3 25 | $1.2B | $-35.2M | ||
| Q2 25 | $1.3B | $-16.2M | ||
| Q1 25 | $1.6B | $-19.0M | ||
| Q4 24 | $1.8B | $-27.1M | ||
| Q3 24 | $1.9B | $-19.7M | ||
| Q2 24 | $2.0B | $-5.5M | ||
| Q1 24 | $2.1B | $3.1M |
| Q4 25 | $4.4B | $229.2M | ||
| Q3 25 | $4.4B | $221.9M | ||
| Q2 25 | $4.5B | $225.4M | ||
| Q1 25 | $4.7B | $242.2M | ||
| Q4 24 | $5.0B | $279.8M | ||
| Q3 24 | $5.2B | $266.2M | ||
| Q2 24 | $5.3B | $242.6M | ||
| Q1 24 | $5.4B | $250.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.88× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | — | $-26.8M |
| FCF MarginFCF / Revenue | — | -25.9% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-18.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $-25.9M | ||
| Q3 25 | $8.9M | $-7.0M | ||
| Q2 25 | $18.8M | $-3.1M | ||
| Q1 25 | $12.9M | $19.8M | ||
| Q4 24 | $129.4M | $-12.6M | ||
| Q3 24 | $26.4M | $-12.7M | ||
| Q2 24 | $23.8M | $-13.7M | ||
| Q1 24 | $37.0M | $28.2M |
| Q4 25 | — | $-26.8M | ||
| Q3 25 | — | $-7.4M | ||
| Q2 25 | — | $-3.6M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | — | $-13.1M | ||
| Q3 24 | — | $-13.2M | ||
| Q2 24 | — | $-14.4M | ||
| Q1 24 | — | $26.7M |
| Q4 25 | — | -25.9% | ||
| Q3 25 | — | -9.8% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | 12.8% | ||
| Q4 24 | — | -11.5% | ||
| Q3 24 | — | -15.2% | ||
| Q2 24 | — | -15.7% | ||
| Q1 24 | — | 16.1% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
