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JBG SMITH Properties（JBGS）与Lovesac Co（LOVE）财务数据对比。点击上方公司名可切换其他公司
Lovesac Co的季度营收约是JBG SMITH Properties的1.2倍（$150.2M vs $127.6M），Lovesac Co净利率更高（-7.0% vs -18.1%，领先11.0%），JBG SMITH Properties同比增速更快（5.7% vs 0.2%），过去两年JBG SMITH Properties的营收复合增速更高（-2.9% vs -22.6%）
JBG SMITH Properties是一家总部位于马里兰州贝塞斯达的上市房地产投资信托公司，专注于持有并运营房地产资产，是美国商业地产领域的专业运营机构，面向市场提供多元化的不动产投资与管理服务。
Lovesac是美国的家具零售商，主打拥有专利的Sactionals模块化沙发系统，该系统由可自由组合的座部、侧部模块，以及定制沙发套和相关配件组成。除模块化沙发外，品牌还销售采用独家发泡混合材料填充的袋式懒人座椅。
JBGS vs LOVE — 直观对比
营收规模更大
LOVE
是对方的1.2倍
$127.6M
营收增速更快
JBGS
高出5.6%
0.2%
净利率更高
LOVE
高出11.0%
-18.1%
两年增速更快
JBGS
近两年复合增速
-22.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $150.2M |
| 净利润 | $-23.0M | $-10.6M |
| 毛利率 | — | 56.1% |
| 营业利润率 | — | -10.5% |
| 净利率 | -18.1% | -7.0% |
| 营收同比 | 5.7% | 0.2% |
| 净利润同比 | 57.1% | -114.0% |
| 每股收益（稀释后） | $-0.32 | $-0.72 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收JBGSLOVE
| Q1 26 | $127.6M | — | ||
| Q4 25 | $127.6M | $150.2M | ||
| Q3 25 | $123.9M | $160.5M | ||
| Q2 25 | $126.5M | $138.4M | ||
| Q1 25 | $120.7M | $241.5M | ||
| Q4 24 | $130.8M | $149.9M | ||
| Q3 24 | $136.0M | $156.6M | ||
| Q2 24 | $135.3M | $132.6M |
净利润JBGSLOVE
| Q1 26 | $-23.0M | — | ||
| Q4 25 | $-45.5M | $-10.6M | ||
| Q3 25 | $-28.6M | $-6.7M | ||
| Q2 25 | $-19.2M | $-10.8M | ||
| Q1 25 | $-45.7M | $35.3M | ||
| Q4 24 | $-59.9M | $-4.9M | ||
| Q3 24 | $-27.0M | $-5.9M | ||
| Q2 24 | $-24.4M | $-13.0M |
毛利率JBGSLOVE
| Q1 26 | — | — | ||
| Q4 25 | — | 56.1% | ||
| Q3 25 | — | 56.4% | ||
| Q2 25 | — | 53.7% | ||
| Q1 25 | — | 60.4% | ||
| Q4 24 | — | 58.5% | ||
| Q3 24 | — | 59.0% | ||
| Q2 24 | — | 54.3% |
营业利润率JBGSLOVE
| Q1 26 | — | — | ||
| Q4 25 | -47.5% | -10.5% | ||
| Q3 25 | -27.5% | -5.5% | ||
| Q2 25 | -18.4% | -10.8% | ||
| Q1 25 | -44.7% | 19.7% | ||
| Q4 24 | -53.6% | -5.2% | ||
| Q3 24 | -22.4% | -5.3% | ||
| Q2 24 | -24.3% | -13.5% |
净利率JBGSLOVE
| Q1 26 | -18.1% | — | ||
| Q4 25 | -35.7% | -7.0% | ||
| Q3 25 | -23.1% | -4.1% | ||
| Q2 25 | -15.2% | -7.8% | ||
| Q1 25 | -37.9% | 14.6% | ||
| Q4 24 | -45.8% | -3.3% | ||
| Q3 24 | -19.8% | -3.7% | ||
| Q2 24 | -18.0% | -9.8% |
每股收益（稀释后）JBGSLOVE
| Q1 26 | $-0.32 | — | ||
| Q4 25 | $-0.76 | $-0.72 | ||
| Q3 25 | $-0.48 | $-0.45 | ||
| Q2 25 | $-0.29 | $-0.73 | ||
| Q1 25 | $-0.56 | $2.22 | ||
| Q4 24 | $-0.70 | $-0.32 | ||
| Q3 24 | $-0.32 | $-0.38 | ||
| Q2 24 | $-0.27 | $-0.83 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $23.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $189.3M |
| 总资产 | $4.3B | $495.5M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资JBGSLOVE
| Q1 26 | — | — | ||
| Q4 25 | $75.3M | $23.7M | ||
| Q3 25 | $64.4M | $34.2M | ||
| Q2 25 | $61.4M | $26.9M | ||
| Q1 25 | $81.3M | $83.7M | ||
| Q4 24 | $145.8M | $61.7M | ||
| Q3 24 | $137.0M | $72.1M | ||
| Q2 24 | $163.5M | $72.4M |
股东权益JBGSLOVE
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $189.3M | ||
| Q3 25 | $1.2B | $197.5M | ||
| Q2 25 | $1.3B | $201.2M | ||
| Q1 25 | $1.6B | $216.4M | ||
| Q4 24 | $1.8B | $196.5M | ||
| Q3 24 | $1.9B | $202.1M | ||
| Q2 24 | $2.0B | $205.3M |
总资产JBGSLOVE
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.4B | $495.5M | ||
| Q3 25 | $4.4B | $493.7M | ||
| Q2 25 | $4.5B | $483.7M | ||
| Q1 25 | $4.7B | $532.3M | ||
| Q4 24 | $5.0B | $499.7M | ||
| Q3 24 | $5.2B | $481.1M | ||
| Q2 24 | $5.3B | $477.2M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-4.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-10.2M |
| 自由现金流率自由现金流/营收 | — | -6.8% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-13.6M |
8季度趋势，按日历期对齐
经营现金流JBGSLOVE
| Q1 26 | — | — | ||
| Q4 25 | $73.3M | $-4.9M | ||
| Q3 25 | $8.9M | $12.2M | ||
| Q2 25 | $18.8M | $-41.4M | ||
| Q1 25 | $12.9M | $44.0M | ||
| Q4 24 | $129.4M | $-4.2M | ||
| Q3 24 | $26.4M | $6.2M | ||
| Q2 24 | $23.8M | $-7.0M |
自由现金流JBGSLOVE
| Q1 26 | — | — | ||
| Q4 25 | — | $-10.2M | ||
| Q3 25 | — | $7.8M | ||
| Q2 25 | — | $-50.0M | ||
| Q1 25 | — | $38.7M | ||
| Q4 24 | — | $-6.6M | ||
| Q3 24 | — | $119.0K | ||
| Q2 24 | — | $-14.3M |
自由现金流率JBGSLOVE
| Q1 26 | — | — | ||
| Q4 25 | — | -6.8% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | -36.1% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -10.8% |
资本支出强度JBGSLOVE
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 5.5% |
现金转化率JBGSLOVE
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
JBGS
| Property rental | $105.9M | 83% |
| Third-party real estate services, including reimbursements | $17.2M | 13% |
| Other revenue | $4.5M | 4% |
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
