vs

Side-by-side financial comparison of JBG SMITH Properties (JBGS) and USANA HEALTH SCIENCES INC (USNA). Click either name above to swap in a different company.

USANA HEALTH SCIENCES INC is the larger business by last-quarter revenue ($226.2M vs $127.6M, roughly 1.8× JBG SMITH Properties). USANA HEALTH SCIENCES INC runs the higher net margin — 0.1% vs -35.7%, a 35.8% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -10.0%). Over the past eight quarters, USANA HEALTH SCIENCES INC's revenue compounded faster (-0.4% CAGR vs -6.3%).

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

Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.

JBGS vs USNA — Head-to-Head

Bigger by revenue
USNA
USNA
1.8× larger
USNA
$226.2M
$127.6M
JBGS
Growing faster (revenue YoY)
JBGS
JBGS
+7.5% gap
JBGS
-2.5%
-10.0%
USNA
Higher net margin
USNA
USNA
35.8% more per $
USNA
0.1%
-35.7%
JBGS
Faster 2-yr revenue CAGR
USNA
USNA
Annualised
USNA
-0.4%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBGS
JBGS
USNA
USNA
Revenue
$127.6M
$226.2M
Net Profit
$-45.5M
$180.0K
Gross Margin
78.2%
Operating Margin
-47.5%
1.7%
Net Margin
-35.7%
0.1%
Revenue YoY
-2.5%
-10.0%
Net Profit YoY
24.0%
-74.0%
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
USNA
USNA
Q4 25
$127.6M
$226.2M
Q3 25
$123.9M
$213.7M
Q2 25
$126.5M
$235.8M
Q1 25
$120.7M
$249.5M
Q4 24
$130.8M
$213.6M
Q3 24
$136.0M
$200.2M
Q2 24
$135.3M
$212.9M
Q1 24
$145.2M
$227.8M
Net Profit
JBGS
JBGS
USNA
USNA
Q4 25
$-45.5M
$180.0K
Q3 25
$-28.6M
$-6.5M
Q2 25
$-19.2M
$9.7M
Q1 25
$-45.7M
$9.4M
Q4 24
$-59.9M
$4.5M
Q3 24
$-27.0M
$10.6M
Q2 24
$-24.4M
$10.4M
Q1 24
$-32.3M
$16.5M
Gross Margin
JBGS
JBGS
USNA
USNA
Q4 25
78.2%
Q3 25
77.2%
Q2 25
78.7%
Q1 25
79.0%
Q4 24
82.0%
Q3 24
80.4%
Q2 24
81.1%
Q1 24
81.1%
Operating Margin
JBGS
JBGS
USNA
USNA
Q4 25
-47.5%
1.7%
Q3 25
-27.5%
0.6%
Q2 25
-18.4%
7.1%
Q1 25
-44.7%
6.3%
Q4 24
-53.6%
3.8%
Q3 24
-22.4%
7.8%
Q2 24
-24.3%
8.4%
Q1 24
-30.1%
10.8%
Net Margin
JBGS
JBGS
USNA
USNA
Q4 25
-35.7%
0.1%
Q3 25
-23.1%
-3.1%
Q2 25
-15.2%
4.1%
Q1 25
-37.9%
3.8%
Q4 24
-45.8%
2.1%
Q3 24
-19.8%
5.3%
Q2 24
-18.0%
4.9%
Q1 24
-22.2%
7.3%
EPS (diluted)
JBGS
JBGS
USNA
USNA
Q4 25
$-0.76
$-0.10
Q3 25
$-0.48
$-0.36
Q2 25
$-0.29
$0.52
Q1 25
$-0.56
$0.49
Q4 24
$-0.70
$0.23
Q3 24
$-0.32
$0.56
Q2 24
$-0.27
$0.54
Q1 24
$-0.36
$0.86

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
USNA
USNA
Cash + ST InvestmentsLiquidity on hand
$75.3M
$158.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
Total Assets
$4.4B
$742.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
USNA
USNA
Q4 25
$75.3M
$158.4M
Q3 25
$64.4M
$145.3M
Q2 25
$61.4M
$151.3M
Q1 25
$81.3M
$179.6M
Q4 24
$145.8M
$181.8M
Q3 24
$137.0M
$364.9M
Q2 24
$163.5M
$332.4M
Q1 24
$220.5M
$328.3M
Stockholders' Equity
JBGS
JBGS
USNA
USNA
Q4 25
$1.2B
Q3 25
$1.2B
$528.1M
Q2 25
$1.3B
$531.1M
Q1 25
$1.6B
$529.8M
Q4 24
$1.8B
$532.1M
Q3 24
$1.9B
$533.1M
Q2 24
$2.0B
$512.2M
Q1 24
$2.1B
$500.0M
Total Assets
JBGS
JBGS
USNA
USNA
Q4 25
$4.4B
$742.9M
Q3 25
$4.4B
$726.6M
Q2 25
$4.5B
$734.5M
Q1 25
$4.7B
$746.6M
Q4 24
$5.0B
$748.2M
Q3 24
$5.2B
$671.3M
Q2 24
$5.3B
$631.4M
Q1 24
$5.4B
$629.3M

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
USNA
USNA
Operating Cash FlowLast quarter
$73.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
USNA
USNA
Q4 25
$73.3M
Q3 25
$8.9M
$-2.0M
Q2 25
$18.8M
$12.2M
Q1 25
$12.9M
$15.5M
Q4 24
$129.4M
$5.8M
Q3 24
$26.4M
$29.5M
Q2 24
$23.8M
$8.0M
Q1 24
$37.0M
$17.7M
Free Cash Flow
JBGS
JBGS
USNA
USNA
Q4 25
Q3 25
$-5.2M
Q2 25
$7.2M
Q1 25
$12.7M
Q4 24
$4.0M
Q3 24
$27.1M
Q2 24
$5.3M
Q1 24
$14.5M
FCF Margin
JBGS
JBGS
USNA
USNA
Q4 25
Q3 25
-2.4%
Q2 25
3.0%
Q1 25
5.1%
Q4 24
1.9%
Q3 24
13.6%
Q2 24
2.5%
Q1 24
6.4%
Capex Intensity
JBGS
JBGS
USNA
USNA
Q4 25
Q3 25
1.5%
Q2 25
2.1%
Q1 25
1.1%
Q4 24
0.8%
Q3 24
1.2%
Q2 24
1.3%
Q1 24
1.4%
Cash Conversion
JBGS
JBGS
USNA
USNA
Q4 25
Q3 25
Q2 25
1.27×
Q1 25
1.65×
Q4 24
1.29×
Q3 24
2.78×
Q2 24
0.77×
Q1 24
1.07×

Financial Flow Comparison

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

Related Comparisons