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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $127.6M, roughly 1.5× JBG SMITH Properties). Xometry, Inc. runs the higher net margin — -4.5% vs -35.7%, a 31.2% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs -2.5%). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
JBGS vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $192.4M |
| Net Profit | $-45.5M | $-8.6M |
| Gross Margin | — | 39.1% |
| Operating Margin | -47.5% | -4.6% |
| Net Margin | -35.7% | -4.5% |
| Revenue YoY | -2.5% | 29.5% |
| Net Profit YoY | 24.0% | 12.7% |
| 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 | $192.4M | ||
| Q3 25 | $123.9M | $180.7M | ||
| Q2 25 | $126.5M | $162.5M | ||
| Q1 25 | $120.7M | $151.0M | ||
| Q4 24 | $130.8M | $148.5M | ||
| Q3 24 | $136.0M | $141.7M | ||
| Q2 24 | $135.3M | $132.6M | ||
| Q1 24 | $145.2M | $122.7M |
| Q4 25 | $-45.5M | $-8.6M | ||
| Q3 25 | $-28.6M | $-11.6M | ||
| Q2 25 | $-19.2M | $-26.4M | ||
| Q1 25 | $-45.7M | $-15.1M | ||
| Q4 24 | $-59.9M | $-9.9M | ||
| Q3 24 | $-27.0M | $-10.2M | ||
| Q2 24 | $-24.4M | $-13.7M | ||
| Q1 24 | $-32.3M | $-16.6M |
| Q4 25 | — | 39.1% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 39.0% |
| Q4 25 | -47.5% | -4.6% | ||
| Q3 25 | -27.5% | -6.1% | ||
| Q2 25 | -18.4% | -6.3% | ||
| Q1 25 | -44.7% | -10.2% | ||
| Q4 24 | -53.6% | -7.8% | ||
| Q3 24 | -22.4% | -8.1% | ||
| Q2 24 | -24.3% | -11.5% | ||
| Q1 24 | -30.1% | -14.6% |
| Q4 25 | -35.7% | -4.5% | ||
| Q3 25 | -23.1% | -6.4% | ||
| Q2 25 | -15.2% | -16.3% | ||
| Q1 25 | -37.9% | -10.0% | ||
| Q4 24 | -45.8% | -6.7% | ||
| Q3 24 | -19.8% | -7.2% | ||
| Q2 24 | -18.0% | -10.3% | ||
| Q1 24 | -22.2% | -13.5% |
| Q4 25 | $-0.76 | — | ||
| Q3 25 | $-0.48 | — | ||
| Q2 25 | $-0.29 | — | ||
| Q1 25 | $-0.56 | — | ||
| Q4 24 | $-0.70 | — | ||
| Q3 24 | $-0.32 | — | ||
| Q2 24 | $-0.27 | — | ||
| Q1 24 | $-0.36 | — |
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 | $219.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $275.6M |
| Total Assets | $4.4B | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $219.1M | ||
| Q3 25 | $64.4M | $224.5M | ||
| Q2 25 | $61.4M | $225.8M | ||
| Q1 25 | $81.3M | $231.4M | ||
| Q4 24 | $145.8M | $239.8M | ||
| Q3 24 | $137.0M | $234.0M | ||
| Q2 24 | $163.5M | $240.9M | ||
| Q1 24 | $220.5M | $253.8M |
| Q4 25 | $1.2B | $275.6M | ||
| Q3 25 | $1.2B | $272.0M | ||
| Q2 25 | $1.3B | $270.4M | ||
| Q1 25 | $1.6B | $309.9M | ||
| Q4 24 | $1.8B | $314.5M | ||
| Q3 24 | $1.9B | $315.2M | ||
| Q2 24 | $2.0B | $315.8M | ||
| Q1 24 | $2.1B | $320.4M |
| Q4 25 | $4.4B | $703.7M | ||
| Q3 25 | $4.4B | $698.9M | ||
| Q2 25 | $4.5B | $687.0M | ||
| Q1 25 | $4.7B | $690.1M | ||
| Q4 24 | $5.0B | $680.1M | ||
| Q3 24 | $5.2B | $678.2M | ||
| Q2 24 | $5.3B | $678.6M | ||
| Q1 24 | $5.4B | $692.5M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | — | $-5.9M |
| FCF MarginFCF / Revenue | — | -3.0% |
| Capex IntensityCapex / Revenue | — | 5.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $4.4M | ||
| Q3 25 | $8.9M | $5.8M | ||
| Q2 25 | $18.8M | $-427.0K | ||
| Q1 25 | $12.9M | $-3.7M | ||
| Q4 24 | $129.4M | $9.1M | ||
| Q3 24 | $26.4M | $-3.6M | ||
| Q2 24 | $23.8M | $-9.1M | ||
| Q1 24 | $37.0M | $-11.7M |
| Q4 25 | — | $-5.9M | ||
| Q3 25 | — | $-1.7M | ||
| Q2 25 | — | $-7.4M | ||
| Q1 25 | — | $-9.2M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $-8.4M | ||
| Q2 24 | — | $-13.5M | ||
| Q1 24 | — | $-16.1M |
| Q4 25 | — | -3.0% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | -6.0% | ||
| Q2 24 | — | -10.2% | ||
| Q1 24 | — | -13.1% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 3.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
