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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $127.6M, roughly 1.7× JBG SMITH Properties). JBG SMITH Properties runs the higher net margin — -35.7% vs -62.0%, a 26.3% gap on every dollar of revenue.
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
JBGS vs TE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $210.5M |
| Net Profit | $-45.5M | $-130.6M |
| Gross Margin | — | 10.0% |
| Operating Margin | -47.5% | -45.0% |
| Net Margin | -35.7% | -62.0% |
| Revenue YoY | -2.5% | — |
| Net Profit YoY | 24.0% | -375.2% |
| EPS (diluted) | $-0.76 | $-0.87 |
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 | — | ||
| Q3 25 | $123.9M | $210.5M | ||
| Q2 25 | $126.5M | $132.8M | ||
| Q1 25 | $120.7M | $53.5M | ||
| Q4 24 | $130.8M | — | ||
| Q3 24 | $136.0M | $0 | ||
| Q2 24 | $135.3M | $0 | ||
| Q1 24 | $145.2M | $0 |
| Q4 25 | $-45.5M | — | ||
| Q3 25 | $-28.6M | $-130.6M | ||
| Q2 25 | $-19.2M | $-31.9M | ||
| Q1 25 | $-45.7M | $-16.2M | ||
| Q4 24 | $-59.9M | — | ||
| Q3 24 | $-27.0M | $-27.5M | ||
| Q2 24 | $-24.4M | $-27.0M | ||
| Q1 24 | $-32.3M | $-28.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -47.5% | — | ||
| Q3 25 | -27.5% | -45.0% | ||
| Q2 25 | -18.4% | -22.0% | ||
| Q1 25 | -44.7% | -44.2% | ||
| Q4 24 | -53.6% | — | ||
| Q3 24 | -22.4% | — | ||
| Q2 24 | -24.3% | — | ||
| Q1 24 | -30.1% | — |
| Q4 25 | -35.7% | — | ||
| Q3 25 | -23.1% | -62.0% | ||
| Q2 25 | -15.2% | -24.0% | ||
| Q1 25 | -37.9% | -30.4% | ||
| Q4 24 | -45.8% | — | ||
| Q3 24 | -19.8% | — | ||
| Q2 24 | -18.0% | — | ||
| Q1 24 | -22.2% | — |
| Q4 25 | $-0.76 | — | ||
| Q3 25 | $-0.48 | $-0.87 | ||
| Q2 25 | $-0.29 | $-0.21 | ||
| Q1 25 | $-0.56 | $-0.11 | ||
| Q4 24 | $-0.70 | — | ||
| Q3 24 | $-0.32 | $-0.20 | ||
| Q2 24 | $-0.27 | $-0.19 | ||
| Q1 24 | $-0.36 | $-0.20 |
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 | $34.1M |
| Total DebtLower is stronger | — | $547.3M |
| Stockholders' EquityBook value | $1.2B | $96.9M |
| Total Assets | $4.4B | $1.4B |
| Debt / EquityLower = less leverage | — | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | — | ||
| Q3 25 | $64.4M | $34.1M | ||
| Q2 25 | $61.4M | $8.5M | ||
| Q1 25 | $81.3M | $48.9M | ||
| Q4 24 | $145.8M | — | ||
| Q3 24 | $137.0M | $181.9M | ||
| Q2 24 | $163.5M | $219.6M | ||
| Q1 24 | $220.5M | $249.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | $547.3M | ||
| Q2 25 | — | $591.2M | ||
| Q1 25 | — | $603.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $602.3M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $96.9M | ||
| Q2 25 | $1.3B | $183.9M | ||
| Q1 25 | $1.6B | $201.9M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | $538.7M | ||
| Q2 24 | $2.0B | $561.6M | ||
| Q1 24 | $2.1B | $582.3M |
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | $1.4B | ||
| Q2 25 | $4.5B | $1.4B | ||
| Q1 25 | $4.7B | $1.4B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.2B | $615.0M | ||
| Q2 24 | $5.3B | $644.4M | ||
| Q1 24 | $5.4B | $670.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.65× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.03× |
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 | $63.9M |
| Free Cash FlowOCF − Capex | — | $55.0M |
| FCF MarginFCF / Revenue | — | 26.1% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | — | ||
| Q3 25 | $8.9M | $63.9M | ||
| Q2 25 | $18.8M | $33.4M | ||
| Q1 25 | $12.9M | $-44.8M | ||
| Q4 24 | $129.4M | — | ||
| Q3 24 | $26.4M | $-28.4M | ||
| Q2 24 | $23.8M | $-28.0M | ||
| Q1 24 | $37.0M | $-16.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | — | $10.6M | ||
| Q1 25 | — | $-74.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-34.0M | ||
| Q2 24 | — | $-35.6M | ||
| Q1 24 | — | $-37.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | 26.1% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -138.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 54.5% | ||
| Q4 24 | — | — | ||
| 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.
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
