vs

Side-by-side financial comparison of JBG SMITH Properties (JBGS) and TOYO Co., Ltd (TOYO). Click either name above to swap in a different company.

TOYO Co., Ltd is the larger business by last-quarter revenue ($139.1M vs $127.6M, roughly 1.1× JBG SMITH Properties). TOYO Co., Ltd runs the higher net margin — 2.5% vs -35.7%, a 38.2% gap on every dollar of revenue. On growth, TOYO Co., Ltd posted the faster year-over-year revenue change (0.7% vs -2.5%).

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

Toyo Tire Corporation , commonly known as Toyo Tires, is a multinational tire and rubber products company based in Itami, Japan. The company owns and operates eight factories in Asia, North America, and Europe and distributes tires and automotive components through fourteen sales companies throughout the world.

JBGS vs TOYO — Head-to-Head

Bigger by revenue
TOYO
TOYO
1.1× larger
TOYO
$139.1M
$127.6M
JBGS
Growing faster (revenue YoY)
TOYO
TOYO
+3.2% gap
TOYO
0.7%
-2.5%
JBGS
Higher net margin
TOYO
TOYO
38.2% more per $
TOYO
2.5%
-35.7%
JBGS

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
JBGS
JBGS
TOYO
TOYO
Revenue
$127.6M
$139.1M
Net Profit
$-45.5M
$3.5M
Gross Margin
16.6%
Operating Margin
-47.5%
7.0%
Net Margin
-35.7%
2.5%
Revenue YoY
-2.5%
0.7%
Net Profit YoY
24.0%
-82.3%
EPS (diluted)
$-0.76
$0.10

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
TOYO
TOYO
Q4 25
$127.6M
Q3 25
$123.9M
Q2 25
$126.5M
$139.1M
Q1 25
$120.7M
Q4 24
$130.8M
Q3 24
$136.0M
Q2 24
$135.3M
$138.1M
Q1 24
$145.2M
Net Profit
JBGS
JBGS
TOYO
TOYO
Q4 25
$-45.5M
Q3 25
$-28.6M
Q2 25
$-19.2M
$3.5M
Q1 25
$-45.7M
Q4 24
$-59.9M
Q3 24
$-27.0M
Q2 24
$-24.4M
$19.6M
Q1 24
$-32.3M
Gross Margin
JBGS
JBGS
TOYO
TOYO
Q4 25
Q3 25
Q2 25
16.6%
Q1 25
Q4 24
Q3 24
Q2 24
19.3%
Q1 24
Operating Margin
JBGS
JBGS
TOYO
TOYO
Q4 25
-47.5%
Q3 25
-27.5%
Q2 25
-18.4%
7.0%
Q1 25
-44.7%
Q4 24
-53.6%
Q3 24
-22.4%
Q2 24
-24.3%
16.3%
Q1 24
-30.1%
Net Margin
JBGS
JBGS
TOYO
TOYO
Q4 25
-35.7%
Q3 25
-23.1%
Q2 25
-15.2%
2.5%
Q1 25
-37.9%
Q4 24
-45.8%
Q3 24
-19.8%
Q2 24
-18.0%
14.2%
Q1 24
-22.2%
EPS (diluted)
JBGS
JBGS
TOYO
TOYO
Q4 25
$-0.76
Q3 25
$-0.48
Q2 25
$-0.29
$0.10
Q1 25
$-0.56
Q4 24
$-0.70
Q3 24
$-0.32
Q2 24
$-0.27
$0.48
Q1 24
$-0.36

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
TOYO
TOYO
Cash + ST InvestmentsLiquidity on hand
$75.3M
Total DebtLower is stronger
$13.7M
Stockholders' EquityBook value
$1.2B
$67.0M
Total Assets
$4.4B
$353.6M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
TOYO
TOYO
Q4 25
$75.3M
Q3 25
$64.4M
Q2 25
$61.4M
Q1 25
$81.3M
Q4 24
$145.8M
Q3 24
$137.0M
Q2 24
$163.5M
Q1 24
$220.5M
Total Debt
JBGS
JBGS
TOYO
TOYO
Q4 25
Q3 25
Q2 25
$13.7M
Q1 25
Q4 24
Q3 24
Q2 24
$22.4M
Q1 24
Stockholders' Equity
JBGS
JBGS
TOYO
TOYO
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.3B
$67.0M
Q1 25
$1.6B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$2.0B
$73.4M
Q1 24
$2.1B
Total Assets
JBGS
JBGS
TOYO
TOYO
Q4 25
$4.4B
Q3 25
$4.4B
Q2 25
$4.5B
$353.6M
Q1 25
$4.7B
Q4 24
$5.0B
Q3 24
$5.2B
Q2 24
$5.3B
$241.4M
Q1 24
$5.4B
Debt / Equity
JBGS
JBGS
TOYO
TOYO
Q4 25
Q3 25
Q2 25
0.20×
Q1 25
Q4 24
Q3 24
Q2 24
0.31×
Q1 24

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
TOYO
TOYO
Operating Cash FlowLast quarter
$73.3M
$40.0M
Free Cash FlowOCF − Capex
$-7.1M
FCF MarginFCF / Revenue
-5.1%
Capex IntensityCapex / Revenue
33.9%
Cash ConversionOCF / Net Profit
11.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
TOYO
TOYO
Q4 25
$73.3M
Q3 25
$8.9M
Q2 25
$18.8M
$40.0M
Q1 25
$12.9M
Q4 24
$129.4M
Q3 24
$26.4M
Q2 24
$23.8M
$21.8M
Q1 24
$37.0M
Free Cash Flow
JBGS
JBGS
TOYO
TOYO
Q4 25
Q3 25
Q2 25
$-7.1M
Q1 25
Q4 24
Q3 24
Q2 24
$5.2M
Q1 24
FCF Margin
JBGS
JBGS
TOYO
TOYO
Q4 25
Q3 25
Q2 25
-5.1%
Q1 25
Q4 24
Q3 24
Q2 24
3.8%
Q1 24
Capex Intensity
JBGS
JBGS
TOYO
TOYO
Q4 25
Q3 25
Q2 25
33.9%
Q1 25
Q4 24
Q3 24
Q2 24
12.0%
Q1 24
Cash Conversion
JBGS
JBGS
TOYO
TOYO
Q4 25
Q3 25
Q2 25
11.55×
Q1 25
Q4 24
Q3 24
Q2 24
1.11×
Q1 24

Financial Flow Comparison

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

Related Comparisons