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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and CVR PARTNERS, LP (UAN). Click either name above to swap in a different company.
CVR PARTNERS, LP is the larger business by last-quarter revenue ($180.0M vs $127.6M, roughly 1.4× JBG SMITH Properties). CVR PARTNERS, LP runs the higher net margin — 27.7% vs -18.1%, a 45.8% gap on every dollar of revenue. On growth, CVR PARTNERS, LP posted the faster year-over-year revenue change (26.0% vs 5.7%). Over the past eight quarters, CVR PARTNERS, LP's revenue compounded faster (16.4% CAGR vs -2.9%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.
JBGS vs UAN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $180.0M |
| Net Profit | $-23.0M | $49.9M |
| Gross Margin | — | 37.5% |
| Operating Margin | — | 32.0% |
| Net Margin | -18.1% | 27.7% |
| Revenue YoY | 5.7% | 26.0% |
| Net Profit YoY | 57.1% | 84.3% |
| EPS (diluted) | $-0.32 | — |
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.
| Q1 26 | $127.6M | $180.0M | ||
| Q4 25 | $127.6M | $131.1M | ||
| Q3 25 | $123.9M | $163.5M | ||
| Q2 25 | $126.5M | $168.6M | ||
| Q1 25 | $120.7M | $142.9M | ||
| Q4 24 | $130.8M | $139.6M | ||
| Q3 24 | $136.0M | $125.2M | ||
| Q2 24 | $135.3M | $132.9M |
| Q1 26 | $-23.0M | $49.9M | ||
| Q4 25 | $-45.5M | $-10.3M | ||
| Q3 25 | $-28.6M | $43.1M | ||
| Q2 25 | $-19.2M | $38.8M | ||
| Q1 25 | $-45.7M | $27.1M | ||
| Q4 24 | $-59.9M | $18.3M | ||
| Q3 24 | $-27.0M | $3.8M | ||
| Q2 24 | $-24.4M | $26.2M |
| Q1 26 | — | 37.5% | ||
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.4% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 30.0% |
| Q1 26 | — | 32.0% | ||
| Q4 25 | -47.5% | -2.2% | ||
| Q3 25 | -27.5% | 31.0% | ||
| Q2 25 | -18.4% | 27.5% | ||
| Q1 25 | -44.7% | 24.2% | ||
| Q4 24 | -53.6% | 18.4% | ||
| Q3 24 | -22.4% | 8.8% | ||
| Q2 24 | -24.3% | 25.3% |
| Q1 26 | -18.1% | 27.7% | ||
| Q4 25 | -35.7% | -7.8% | ||
| Q3 25 | -23.1% | 26.3% | ||
| Q2 25 | -15.2% | 23.0% | ||
| Q1 25 | -37.9% | 19.0% | ||
| Q4 24 | -45.8% | 13.1% | ||
| Q3 24 | -19.8% | 3.0% | ||
| Q2 24 | -18.0% | 19.7% |
| Q1 26 | $-0.32 | — | ||
| Q4 25 | $-0.76 | $-0.98 | ||
| Q3 25 | $-0.48 | $4.08 | ||
| Q2 25 | $-0.29 | $3.67 | ||
| Q1 25 | $-0.56 | $2.56 | ||
| Q4 24 | $-0.70 | $1.73 | ||
| Q3 24 | $-0.32 | $0.36 | ||
| Q2 24 | $-0.27 | $2.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $128.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | $4.3B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.1M | ||
| Q4 25 | $75.3M | $69.2M | ||
| Q3 25 | $64.4M | $156.2M | ||
| Q2 25 | $61.4M | $114.4M | ||
| Q1 25 | $81.3M | $121.8M | ||
| Q4 24 | $145.8M | $90.9M | ||
| Q3 24 | $137.0M | $110.5M | ||
| Q2 24 | $163.5M | $47.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $569.1M | ||
| Q3 25 | — | $569.1M | ||
| Q2 25 | — | $569.2M | ||
| Q1 25 | — | $569.3M | ||
| Q4 24 | — | $568.0M | ||
| Q3 24 | — | $547.7M | ||
| Q2 24 | — | $547.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $2.0B | — |
| Q1 26 | $4.3B | $1.0B | ||
| Q4 25 | $4.4B | $969.5M | ||
| Q3 25 | $4.4B | $1.0B | ||
| Q2 25 | $4.5B | $998.0M | ||
| Q1 25 | $4.7B | $1.0B | ||
| Q4 24 | $5.0B | $1.0B | ||
| Q3 24 | $5.2B | $986.6M | ||
| Q2 24 | $5.3B | $959.4M |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
| Property rental | $105.9M | 83% |
| Third-party real estate services, including reimbursements | $17.2M | 13% |
| Other revenue | $4.5M | 4% |
UAN
| Fertilizer sales | $166.1M | 92% |
| Other | $14.0M | 8% |
