vs
Side-by-side financial comparison of JBG SMITH Properties (JBGS) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $127.6M, roughly 1.4× JBG SMITH Properties). Wingstop Inc. runs the higher net margin — 16.3% vs -35.7%, a 52.0% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs -2.5%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
JBGS vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $183.7M |
| Net Profit | $-45.5M | $29.9M |
| Gross Margin | — | 86.5% |
| Operating Margin | -47.5% | 27.4% |
| Net Margin | -35.7% | 16.3% |
| Revenue YoY | -2.5% | 7.4% |
| Net Profit YoY | 24.0% | -67.6% |
| EPS (diluted) | $-0.76 | $1.08 |
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 | — | $183.7M | ||
| Q4 25 | $127.6M | $175.7M | ||
| Q3 25 | $123.9M | $175.7M | ||
| Q2 25 | $126.5M | $174.3M | ||
| Q1 25 | $120.7M | $171.1M | ||
| Q4 24 | $130.8M | $161.8M | ||
| Q3 24 | $136.0M | $162.5M | ||
| Q2 24 | $135.3M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $-45.5M | $26.8M | ||
| Q3 25 | $-28.6M | $28.5M | ||
| Q2 25 | $-19.2M | $26.8M | ||
| Q1 25 | $-45.7M | $92.3M | ||
| Q4 24 | $-59.9M | $26.8M | ||
| Q3 24 | $-27.0M | $25.7M | ||
| Q2 24 | $-24.4M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | -47.5% | 26.7% | ||
| Q3 25 | -27.5% | 27.9% | ||
| Q2 25 | -18.4% | 25.9% | ||
| Q1 25 | -44.7% | 22.4% | ||
| Q4 24 | -53.6% | 25.9% | ||
| Q3 24 | -22.4% | 24.5% | ||
| Q2 24 | -24.3% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | -35.7% | 15.2% | ||
| Q3 25 | -23.1% | 16.2% | ||
| Q2 25 | -15.2% | 15.4% | ||
| Q1 25 | -37.9% | 53.9% | ||
| Q4 24 | -45.8% | 16.5% | ||
| Q3 24 | -19.8% | 15.8% | ||
| Q2 24 | -18.0% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $-0.76 | $0.99 | ||
| Q3 25 | $-0.48 | $1.02 | ||
| Q2 25 | $-0.29 | $0.96 | ||
| Q1 25 | $-0.56 | $3.24 | ||
| Q4 24 | $-0.70 | $0.91 | ||
| Q3 24 | $-0.32 | $0.88 | ||
| Q2 24 | $-0.27 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | — |
| Total Assets | $4.4B | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $75.3M | $196.6M | ||
| Q3 25 | $64.4M | $237.6M | ||
| Q2 25 | $61.4M | $227.9M | ||
| Q1 25 | $81.3M | $251.4M | ||
| Q4 24 | $145.8M | $315.9M | ||
| Q3 24 | $137.0M | $84.0M | ||
| Q2 24 | $163.5M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $-736.8M | ||
| Q3 25 | $1.2B | $-702.6M | ||
| Q2 25 | $1.3B | $-686.0M | ||
| Q1 25 | $1.6B | $-715.0M | ||
| Q4 24 | $1.8B | $-675.6M | ||
| Q3 24 | $1.9B | $-447.5M | ||
| Q2 24 | $2.0B | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $4.4B | $693.4M | ||
| Q3 25 | $4.4B | $721.0M | ||
| Q2 25 | $4.5B | $708.3M | ||
| Q1 25 | $4.7B | $696.8M | ||
| Q4 24 | $5.0B | $716.2M | ||
| Q3 24 | $5.2B | $484.8M | ||
| Q2 24 | $5.3B | $451.8M |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $73.3M | $57.3M | ||
| Q3 25 | $8.9M | $63.9M | ||
| Q2 25 | $18.8M | $6.6M | ||
| Q1 25 | $12.9M | $25.3M | ||
| Q4 24 | $129.4M | $7.7M | ||
| Q3 24 | $26.4M | $69.0M | ||
| Q2 24 | $23.8M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $34.5M | ||
| Q3 25 | — | $61.7M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | — | $54.9M | ||
| Q2 24 | — | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | — | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.14× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 2.68× | ||
| Q2 24 | — | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
