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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.

JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $111.7M, roughly 1.1× ZIPRECRUITER, INC.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -35.7%, a 35.0% gap on every dollar of revenue. On growth, ZIPRECRUITER, INC. posted the faster year-over-year revenue change (0.6% vs -2.5%). Over the past eight quarters, ZIPRECRUITER, INC.'s revenue compounded faster (-4.4% CAGR vs -6.3%).

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

JBGS vs ZIP — Head-to-Head

Bigger by revenue
JBGS
JBGS
1.1× larger
JBGS
$127.6M
$111.7M
ZIP
Growing faster (revenue YoY)
ZIP
ZIP
+3.0% gap
ZIP
0.6%
-2.5%
JBGS
Higher net margin
ZIP
ZIP
35.0% more per $
ZIP
-0.7%
-35.7%
JBGS
Faster 2-yr revenue CAGR
ZIP
ZIP
Annualised
ZIP
-4.4%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JBGS
JBGS
ZIP
ZIP
Revenue
$127.6M
$111.7M
Net Profit
$-45.5M
$-835.0K
Gross Margin
89.1%
Operating Margin
-47.5%
3.6%
Net Margin
-35.7%
-0.7%
Revenue YoY
-2.5%
0.6%
Net Profit YoY
24.0%
92.3%
EPS (diluted)
$-0.76
$-0.03

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
ZIP
ZIP
Q4 25
$127.6M
$111.7M
Q3 25
$123.9M
$115.0M
Q2 25
$126.5M
$112.2M
Q1 25
$120.7M
$110.1M
Q4 24
$130.8M
$111.0M
Q3 24
$136.0M
$117.1M
Q2 24
$135.3M
$123.7M
Q1 24
$145.2M
$122.2M
Net Profit
JBGS
JBGS
ZIP
ZIP
Q4 25
$-45.5M
$-835.0K
Q3 25
$-28.6M
$-9.8M
Q2 25
$-19.2M
$-9.5M
Q1 25
$-45.7M
$-12.8M
Q4 24
$-59.9M
$-10.8M
Q3 24
$-27.0M
$-2.6M
Q2 24
$-24.4M
$7.0M
Q1 24
$-32.3M
$-6.5M
Gross Margin
JBGS
JBGS
ZIP
ZIP
Q4 25
89.1%
Q3 25
89.1%
Q2 25
89.3%
Q1 25
89.4%
Q4 24
89.6%
Q3 24
89.4%
Q2 24
89.5%
Q1 24
89.1%
Operating Margin
JBGS
JBGS
ZIP
ZIP
Q4 25
-47.5%
3.6%
Q3 25
-27.5%
-4.4%
Q2 25
-18.4%
-5.9%
Q1 25
-44.7%
-10.6%
Q4 24
-53.6%
-3.6%
Q3 24
-22.4%
-2.8%
Q2 24
-24.3%
7.6%
Q1 24
-30.1%
-0.7%
Net Margin
JBGS
JBGS
ZIP
ZIP
Q4 25
-35.7%
-0.7%
Q3 25
-23.1%
-8.5%
Q2 25
-15.2%
-8.5%
Q1 25
-37.9%
-11.7%
Q4 24
-45.8%
-9.7%
Q3 24
-19.8%
-2.2%
Q2 24
-18.0%
5.7%
Q1 24
-22.2%
-5.3%
EPS (diluted)
JBGS
JBGS
ZIP
ZIP
Q4 25
$-0.76
$-0.03
Q3 25
$-0.48
$-0.11
Q2 25
$-0.29
$-0.10
Q1 25
$-0.56
$-0.13
Q4 24
$-0.70
$-0.10
Q3 24
$-0.32
$-0.03
Q2 24
$-0.27
$0.07
Q1 24
$-0.36
$-0.07

Balance Sheet & Financial Strength

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

Metric
JBGS
JBGS
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$75.3M
$188.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$-77.2M
Total Assets
$4.4B
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBGS
JBGS
ZIP
ZIP
Q4 25
$75.3M
$188.0M
Q3 25
$64.4M
$211.8M
Q2 25
$61.4M
$203.5M
Q1 25
$81.3M
$221.1M
Q4 24
$145.8M
$218.4M
Q3 24
$137.0M
$225.6M
Q2 24
$163.5M
$271.7M
Q1 24
$220.5M
$282.5M
Stockholders' Equity
JBGS
JBGS
ZIP
ZIP
Q4 25
$1.2B
$-77.2M
Q3 25
$1.2B
$-76.1M
Q2 25
$1.3B
$-65.9M
Q1 25
$1.6B
$-11.3M
Q4 24
$1.8B
$13.4M
Q3 24
$1.9B
$13.6M
Q2 24
$2.0B
$24.4M
Q1 24
$2.1B
$12.7M
Total Assets
JBGS
JBGS
ZIP
ZIP
Q4 25
$4.4B
$569.7M
Q3 25
$4.4B
$573.6M
Q2 25
$4.5B
$592.4M
Q1 25
$4.7B
$629.4M
Q4 24
$5.0B
$664.1M
Q3 24
$5.2B
$652.0M
Q2 24
$5.3B
$665.3M
Q1 24
$5.4B
$662.4M

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
ZIP
ZIP
Operating Cash FlowLast quarter
$73.3M
$7.7M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBGS
JBGS
ZIP
ZIP
Q4 25
$73.3M
$7.7M
Q3 25
$8.9M
$2.6M
Q2 25
$18.8M
$10.5M
Q1 25
$12.9M
$-9.9M
Q4 24
$129.4M
$12.5M
Q3 24
$26.4M
$9.3M
Q2 24
$23.8M
$21.9M
Q1 24
$37.0M
$2.0M
Free Cash Flow
JBGS
JBGS
ZIP
ZIP
Q4 25
$7.6M
Q3 25
$2.2M
Q2 25
$10.2M
Q1 25
$-10.2M
Q4 24
$12.0M
Q3 24
$9.2M
Q2 24
$21.7M
Q1 24
$1.9M
FCF Margin
JBGS
JBGS
ZIP
ZIP
Q4 25
6.8%
Q3 25
1.9%
Q2 25
9.1%
Q1 25
-9.3%
Q4 24
10.8%
Q3 24
7.8%
Q2 24
17.6%
Q1 24
1.6%
Capex Intensity
JBGS
JBGS
ZIP
ZIP
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.4%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
JBGS
JBGS
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.12×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

JBGS
JBGS

Segment breakdown not available.

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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