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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $127.6M, roughly 2.0× JBG SMITH Properties). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs -35.7%, a 47.0% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -15.3%). Over the past eight quarters, XPLR Infrastructure, LP's revenue compounded faster (-1.6% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
JBGS vs XIFR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $249.0M |
| Net Profit | $-45.5M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | -47.5% | -19.3% |
| Net Margin | -35.7% | 11.2% |
| Revenue YoY | -2.5% | -15.3% |
| Net Profit YoY | 24.0% | 124.3% |
| EPS (diluted) | $-0.76 | — |
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 | $249.0M | ||
| Q3 25 | $123.9M | $315.0M | ||
| Q2 25 | $126.5M | $342.0M | ||
| Q1 25 | $120.7M | $282.0M | ||
| Q4 24 | $130.8M | $294.0M | ||
| Q3 24 | $136.0M | $319.0M | ||
| Q2 24 | $135.3M | $360.0M | ||
| Q1 24 | $145.2M | $257.0M |
| Q4 25 | $-45.5M | $28.0M | ||
| Q3 25 | $-28.6M | $-37.0M | ||
| Q2 25 | $-19.2M | $79.0M | ||
| Q1 25 | $-45.7M | $-98.0M | ||
| Q4 24 | $-59.9M | $-115.0M | ||
| Q3 24 | $-27.0M | $-40.0M | ||
| Q2 24 | $-24.4M | $62.0M | ||
| Q1 24 | $-32.3M | $70.0M |
| Q4 25 | -47.5% | -19.3% | ||
| Q3 25 | -27.5% | 1.6% | ||
| Q2 25 | -18.4% | 26.3% | ||
| Q1 25 | -44.7% | -82.6% | ||
| Q4 24 | -53.6% | -188.1% | ||
| Q3 24 | -22.4% | 15.4% | ||
| Q2 24 | -24.3% | 18.3% | ||
| Q1 24 | -30.1% | -8.2% |
| Q4 25 | -35.7% | 11.2% | ||
| Q3 25 | -23.1% | -11.7% | ||
| Q2 25 | -15.2% | 23.1% | ||
| Q1 25 | -37.9% | -34.8% | ||
| Q4 24 | -45.8% | -39.1% | ||
| Q3 24 | -19.8% | -12.5% | ||
| Q2 24 | -18.0% | 17.2% | ||
| Q1 24 | -22.2% | 27.2% |
| Q4 25 | $-0.76 | — | ||
| Q3 25 | $-0.48 | $-0.40 | ||
| Q2 25 | $-0.29 | $0.84 | ||
| Q1 25 | $-0.56 | $-1.05 | ||
| Q4 24 | $-0.70 | — | ||
| Q3 24 | $-0.32 | $-0.43 | ||
| Q2 24 | $-0.27 | $0.66 | ||
| Q1 24 | $-0.36 | $0.75 |
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 | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $1.2B | $10.9B |
| Total Assets | $4.4B | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $960.0M | ||
| Q3 25 | $64.4M | $711.0M | ||
| Q2 25 | $61.4M | $880.0M | ||
| Q1 25 | $81.3M | $1.5B | ||
| Q4 24 | $145.8M | $283.0M | ||
| Q3 24 | $137.0M | $290.0M | ||
| Q2 24 | $163.5M | $281.0M | ||
| Q1 24 | $220.5M | $245.0M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $10.9B | ||
| Q3 25 | $1.2B | $11.0B | ||
| Q2 25 | $1.3B | $11.3B | ||
| Q1 25 | $1.6B | $12.6B | ||
| Q4 24 | $1.8B | $12.9B | ||
| Q3 24 | $1.9B | $13.6B | ||
| Q2 24 | $2.0B | $13.9B | ||
| Q1 24 | $2.1B | $14.0B |
| Q4 25 | $4.4B | $19.6B | ||
| Q3 25 | $4.4B | $19.1B | ||
| Q2 25 | $4.5B | $20.5B | ||
| Q1 25 | $4.7B | $21.4B | ||
| Q4 24 | $5.0B | $20.3B | ||
| Q3 24 | $5.2B | $20.9B | ||
| Q2 24 | $5.3B | $21.7B | ||
| Q1 24 | $5.4B | $22.3B |
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.3M | $186.0M |
| Free Cash FlowOCF − Capex | — | $-88.0M |
| FCF MarginFCF / Revenue | — | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | — | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $186.0M | ||
| Q3 25 | $8.9M | $231.0M | ||
| Q2 25 | $18.8M | $232.0M | ||
| Q1 25 | $12.9M | $90.0M | ||
| Q4 24 | $129.4M | $283.0M | ||
| Q3 24 | $26.4M | $208.0M | ||
| Q2 24 | $23.8M | $231.0M | ||
| Q1 24 | $37.0M | $78.0M |
| Q4 25 | — | $-88.0M | ||
| Q3 25 | — | $-283.0M | ||
| Q2 25 | — | $151.0M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $231.0M | ||
| Q3 24 | — | $152.0M | ||
| Q2 24 | — | $162.0M | ||
| Q1 24 | — | $14.0M |
| Q4 25 | — | -35.3% | ||
| Q3 25 | — | -89.8% | ||
| Q2 25 | — | 44.2% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 78.6% | ||
| Q3 24 | — | 47.6% | ||
| Q2 24 | — | 45.0% | ||
| Q1 24 | — | 5.4% |
| Q4 25 | — | 110.0% | ||
| Q3 25 | — | 163.2% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | — | 6.64× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.94× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.73× | ||
| Q1 24 | — | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
