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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and TREX CO INC (TREX). Click either name above to swap in a different company.
TREX CO INC is the larger business by last-quarter revenue ($161.1M vs $127.6M, roughly 1.3× JBG SMITH Properties). TREX CO INC runs the higher net margin — 1.4% vs -35.7%, a 37.1% 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, JBG SMITH Properties's revenue compounded faster (-6.3% CAGR vs -34.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
JBGS vs TREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $161.1M |
| Net Profit | $-45.5M | $2.3M |
| Gross Margin | — | 30.2% |
| Operating Margin | -47.5% | 2.2% |
| Net Margin | -35.7% | 1.4% |
| Revenue YoY | -2.5% | -3.9% |
| Net Profit YoY | 24.0% | -76.4% |
| EPS (diluted) | $-0.76 | $0.03 |
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 | $161.1M | ||
| Q3 25 | $123.9M | $285.3M | ||
| Q2 25 | $126.5M | $387.8M | ||
| Q1 25 | $120.7M | $340.0M | ||
| Q4 24 | $130.8M | $167.6M | ||
| Q3 24 | $136.0M | $233.7M | ||
| Q2 24 | $135.3M | $376.5M | ||
| Q1 24 | $145.2M | $373.6M |
| Q4 25 | $-45.5M | $2.3M | ||
| Q3 25 | $-28.6M | $51.8M | ||
| Q2 25 | $-19.2M | $75.9M | ||
| Q1 25 | $-45.7M | $60.4M | ||
| Q4 24 | $-59.9M | $9.8M | ||
| Q3 24 | $-27.0M | $40.6M | ||
| Q2 24 | $-24.4M | $87.0M | ||
| Q1 24 | $-32.3M | $89.1M |
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 40.5% | ||
| Q2 25 | — | 40.8% | ||
| Q1 25 | — | 40.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 44.7% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | -47.5% | 2.2% | ||
| Q3 25 | -27.5% | 24.7% | ||
| Q2 25 | -18.4% | 26.4% | ||
| Q1 25 | -44.7% | 24.0% | ||
| Q4 24 | -53.6% | 9.2% | ||
| Q3 24 | -22.4% | 23.2% | ||
| Q2 24 | -24.3% | 31.1% | ||
| Q1 24 | -30.1% | 31.9% |
| Q4 25 | -35.7% | 1.4% | ||
| Q3 25 | -23.1% | 18.1% | ||
| Q2 25 | -15.2% | 19.6% | ||
| Q1 25 | -37.9% | 17.8% | ||
| Q4 24 | -45.8% | 5.8% | ||
| Q3 24 | -19.8% | 17.4% | ||
| Q2 24 | -18.0% | 23.1% | ||
| Q1 24 | -22.2% | 23.8% |
| Q4 25 | $-0.76 | $0.03 | ||
| Q3 25 | $-0.48 | $0.48 | ||
| Q2 25 | $-0.29 | $0.71 | ||
| Q1 25 | $-0.56 | $0.56 | ||
| Q4 24 | $-0.70 | $0.10 | ||
| Q3 24 | $-0.32 | $0.37 | ||
| Q2 24 | $-0.27 | $0.80 | ||
| Q1 24 | $-0.36 | $0.82 |
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 | $3.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $1.0B |
| Total Assets | $4.4B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $3.8M | ||
| Q3 25 | $64.4M | $11.4M | ||
| Q2 25 | $61.4M | $5.5M | ||
| Q1 25 | $81.3M | $5.0M | ||
| Q4 24 | $145.8M | $1.3M | ||
| Q3 24 | $137.0M | $12.8M | ||
| Q2 24 | $163.5M | $1.2M | ||
| Q1 24 | $220.5M | $3.1M |
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.3B | $989.3M | ||
| Q1 25 | $1.6B | $910.1M | ||
| Q4 24 | $1.8B | $850.1M | ||
| Q3 24 | $1.9B | $887.9M | ||
| Q2 24 | $2.0B | $894.9M | ||
| Q1 24 | $2.1B | $804.1M |
| Q4 25 | $4.4B | $1.5B | ||
| Q3 25 | $4.4B | $1.5B | ||
| Q2 25 | $4.5B | $1.5B | ||
| Q1 25 | $4.7B | $1.6B | ||
| Q4 24 | $5.0B | $1.3B | ||
| Q3 24 | $5.2B | $1.3B | ||
| Q2 24 | $5.3B | $1.3B | ||
| Q1 24 | $5.4B | $1.3B |
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 | $65.5M |
| Free Cash FlowOCF − Capex | — | $22.1M |
| FCF MarginFCF / Revenue | — | 13.7% |
| Capex IntensityCapex / Revenue | — | 26.9% |
| Cash ConversionOCF / Net Profit | — | 28.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | $134.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $65.5M | ||
| Q3 25 | $8.9M | $196.9M | ||
| Q2 25 | $18.8M | $249.8M | ||
| Q1 25 | $12.9M | $-154.0M | ||
| Q4 24 | $129.4M | $-8.5M | ||
| Q3 24 | $26.4M | $132.8M | ||
| Q2 24 | $23.8M | $193.7M | ||
| Q1 24 | $37.0M | $-174.0M |
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $142.9M | ||
| Q2 25 | — | $203.0M | ||
| Q1 25 | — | $-233.5M | ||
| Q4 24 | — | $-89.3M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $158.2M | ||
| Q1 24 | — | $-211.8M |
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 52.3% | ||
| Q1 25 | — | -68.7% | ||
| Q4 24 | — | -53.3% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 42.0% | ||
| Q1 24 | — | -56.7% |
| Q4 25 | — | 26.9% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 33.5% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 10.1% |
| Q4 25 | — | 28.45× | ||
| Q3 25 | — | 3.80× | ||
| Q2 25 | — | 3.29× | ||
| Q1 25 | — | -2.55× | ||
| Q4 24 | — | -0.87× | ||
| Q3 24 | — | 3.27× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | — | -1.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
