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JBG SMITH Properties（JBGS）与MP Materials Corp.（MP）财务数据对比。点击上方公司名可切换其他公司
JBG SMITH Properties的季度营收约是MP Materials Corp.的1.4倍（$127.6M vs $90.6M），MP Materials Corp.净利率更高（-8.8% vs -18.1%，领先9.3%），MP Materials Corp.同比增速更快（49.1% vs 5.7%），过去两年MP Materials Corp.的营收复合增速更高（70.3% vs -2.9%）
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。
MP Materials Corp.是总部位于美国的稀土材料生产商，拥有并运营加利福尼亚州芒廷帕斯矿，这是西半球唯一在产的稀土开采及加工设施，所产核心材料可广泛应用于电动汽车、风力发电机、国防工业等多个关键领域。
JBGS vs MP — 直观对比
营收规模更大
JBGS
是对方的1.4倍
$90.6M
营收增速更快
MP
高出43.3%
5.7%
净利率更高
MP
高出9.3%
-18.1%
两年增速更快
MP
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $90.6M |
| 净利润 | $-23.0M | $-8.0M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | -18.1% | -8.8% |
| 营收同比 | 5.7% | 49.1% |
| 净利润同比 | 57.1% | 64.8% |
| 每股收益（稀释后） | $-0.32 | $-0.04 |
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JBGSMP
| Q1 26 | $127.6M | $90.6M | ||
| Q4 25 | $127.6M | $52.7M | ||
| Q3 25 | $123.9M | $53.6M | ||
| Q2 25 | $126.5M | $57.4M | ||
| Q1 25 | $120.7M | $60.8M | ||
| Q4 24 | $130.8M | $61.0M | ||
| Q3 24 | $136.0M | $62.9M | ||
| Q2 24 | $135.3M | $31.3M |
净利润JBGSMP
| Q1 26 | $-23.0M | $-8.0M | ||
| Q4 25 | $-45.5M | $9.4M | ||
| Q3 25 | $-28.6M | $-41.8M | ||
| Q2 25 | $-19.2M | $-30.9M | ||
| Q1 25 | $-45.7M | $-22.6M | ||
| Q4 24 | $-59.9M | $-22.3M | ||
| Q3 24 | $-27.0M | $-25.5M | ||
| Q2 24 | $-24.4M | $-34.1M |
营业利润率JBGSMP
| Q1 26 | — | — | ||
| Q4 25 | -47.5% | -7.0% | ||
| Q3 25 | -27.5% | -125.2% | ||
| Q2 25 | -18.4% | -76.5% | ||
| Q1 25 | -44.7% | -57.2% | ||
| Q4 24 | -53.6% | -72.1% | ||
| Q3 24 | -22.4% | -62.8% | ||
| Q2 24 | -24.3% | -171.1% |
净利率JBGSMP
| Q1 26 | -18.1% | -8.8% | ||
| Q4 25 | -35.7% | 17.9% | ||
| Q3 25 | -23.1% | -78.0% | ||
| Q2 25 | -15.2% | -53.8% | ||
| Q1 25 | -37.9% | -37.2% | ||
| Q4 24 | -45.8% | -36.6% | ||
| Q3 24 | -19.8% | -40.5% | ||
| Q2 24 | -18.0% | -108.9% |
每股收益（稀释后）JBGSMP
| Q1 26 | $-0.32 | $-0.04 | ||
| Q4 25 | $-0.76 | $0.07 | ||
| Q3 25 | $-0.48 | $-0.24 | ||
| Q2 25 | $-0.29 | $-0.19 | ||
| Q1 25 | $-0.56 | $-0.14 | ||
| Q4 24 | $-0.70 | $-0.12 | ||
| Q3 24 | $-0.32 | $-0.16 | ||
| Q2 24 | $-0.27 | $-0.21 |
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 | — | $1.7B |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | — | $2.0B |
| 总资产 | $4.3B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资JBGSMP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $75.3M | $1.2B | ||
| Q3 25 | $64.4M | $1.1B | ||
| Q2 25 | $61.4M | $261.5M | ||
| Q1 25 | $81.3M | $198.3M | ||
| Q4 24 | $145.8M | $282.4M | ||
| Q3 24 | $137.0M | $284.4M | ||
| Q2 24 | $163.5M | $295.6M |
总债务JBGSMP
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $998.7M | ||
| Q3 25 | — | $997.3M | ||
| Q2 25 | — | $910.8M | ||
| Q1 25 | — | $909.8M | ||
| Q4 24 | — | $908.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益JBGSMP
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $2.0B | $1.1B |
总资产JBGSMP
| Q1 26 | $4.3B | $3.8B | ||
| Q4 25 | $4.4B | $3.9B | ||
| Q3 25 | $4.4B | $3.8B | ||
| Q2 25 | $4.5B | $2.3B | ||
| Q1 25 | $4.7B | $2.4B | ||
| Q4 24 | $5.0B | $2.3B | ||
| Q3 24 | $5.2B | $2.3B | ||
| Q2 24 | $5.3B | $2.4B |
负债/权益比JBGSMP
| Q1 26 | — | 0.51× | ||
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流JBGSMP
| Q1 26 | — | $-1.9M | ||
| Q4 25 | $73.3M | $-46.9M | ||
| Q3 25 | $8.9M | $-42.0M | ||
| Q2 25 | $18.8M | $-3.7M | ||
| Q1 25 | $12.9M | $-63.2M | ||
| Q4 24 | $129.4M | $30.5M | ||
| Q3 24 | $26.4M | $-6.8M | ||
| Q2 24 | $23.8M | $30.8M |
自由现金流JBGSMP
| Q1 26 | — | — | ||
| Q4 25 | — | $-109.3M | ||
| Q3 25 | — | $-92.5M | ||
| Q2 25 | — | $-32.7M | ||
| Q1 25 | — | $-93.7M | ||
| Q4 24 | — | $-11.2M | ||
| Q3 24 | — | $-53.3M | ||
| Q2 24 | — | $-15.6M |
自由现金流率JBGSMP
| Q1 26 | — | — | ||
| Q4 25 | — | -207.4% | ||
| Q3 25 | — | -172.8% | ||
| Q2 25 | — | -56.9% | ||
| Q1 25 | — | -154.0% | ||
| Q4 24 | — | -18.3% | ||
| Q3 24 | — | -84.7% | ||
| Q2 24 | — | -50.1% |
资本支出强度JBGSMP
| Q1 26 | — | — | ||
| Q4 25 | — | 118.5% | ||
| Q3 25 | — | 94.3% | ||
| Q2 25 | — | 50.5% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 73.8% | ||
| Q2 24 | — | 148.7% |
现金转化率JBGSMP
| Q1 26 | — | — | ||
| Q4 25 | — | -4.97× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 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% |
MP
| Materials Segment | $72.2M | 80% |
| Magnetics Segment | $21.1M | 23% |
