vs
JBG SMITH Properties（JBGS）与ONESPAWORLD HOLDINGS Ltd（OSW）财务数据对比。点击上方公司名可切换其他公司
ONESPAWORLD HOLDINGS Ltd的季度营收约是JBG SMITH Properties的1.9倍（$242.1M vs $127.6M），ONESPAWORLD HOLDINGS Ltd净利率更高（5.0% vs -18.1%，领先23.0%），ONESPAWORLD HOLDINGS Ltd同比增速更快（11.5% vs 5.7%），过去两年ONESPAWORLD HOLDINGS Ltd的营收复合增速更高（7.1% 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。
JBGS vs OSW — 直观对比
营收规模更大
OSW
是对方的1.9倍
$127.6M
营收增速更快
OSW
高出5.7%
5.7%
净利率更高
OSW
高出23.0%
-18.1%
两年增速更快
OSW
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $242.1M |
| 净利润 | $-23.0M | $12.1M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.8% |
| 净利率 | -18.1% | 5.0% |
| 营收同比 | 5.7% | 11.5% |
| 净利润同比 | 57.1% | -16.2% |
| 每股收益（稀释后） | $-0.32 | $0.12 |
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JBGSOSW
| Q1 26 | $127.6M | — | ||
| Q4 25 | $127.6M | $242.1M | ||
| Q3 25 | $123.9M | $258.5M | ||
| Q2 25 | $126.5M | $240.7M | ||
| Q1 25 | $120.7M | $219.6M | ||
| Q4 24 | $130.8M | $217.2M | ||
| Q3 24 | $136.0M | $241.7M | ||
| Q2 24 | $135.3M | $224.9M |
净利润JBGSOSW
| Q1 26 | $-23.0M | — | ||
| Q4 25 | $-45.5M | $12.1M | ||
| Q3 25 | $-28.6M | $24.3M | ||
| Q2 25 | $-19.2M | $19.9M | ||
| Q1 25 | $-45.7M | $15.3M | ||
| Q4 24 | $-59.9M | $14.4M | ||
| Q3 24 | $-27.0M | $21.6M | ||
| Q2 24 | $-24.4M | $15.8M |
营业利润率JBGSOSW
| Q1 26 | — | — | ||
| Q4 25 | -47.5% | 6.8% | ||
| Q3 25 | -27.5% | 10.2% | ||
| Q2 25 | -18.4% | 9.2% | ||
| Q1 25 | -44.7% | 7.7% | ||
| Q4 24 | -53.6% | 7.9% | ||
| Q3 24 | -22.4% | 10.3% | ||
| Q2 24 | -24.3% | 8.4% |
净利率JBGSOSW
| Q1 26 | -18.1% | — | ||
| Q4 25 | -35.7% | 5.0% | ||
| Q3 25 | -23.1% | 9.4% | ||
| Q2 25 | -15.2% | 8.3% | ||
| Q1 25 | -37.9% | 7.0% | ||
| Q4 24 | -45.8% | 6.6% | ||
| Q3 24 | -19.8% | 8.9% | ||
| Q2 24 | -18.0% | 7.0% |
每股收益（稀释后）JBGSOSW
| Q1 26 | $-0.32 | — | ||
| Q4 25 | $-0.76 | $0.12 | ||
| Q3 25 | $-0.48 | $0.23 | ||
| Q2 25 | $-0.29 | $0.19 | ||
| Q1 25 | $-0.56 | $0.15 | ||
| Q4 24 | $-0.70 | $0.13 | ||
| Q3 24 | $-0.32 | $0.20 | ||
| Q2 24 | $-0.27 | $0.15 |
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 | — | $16.3M |
| 总债务越低越好 | — | $84.0M |
| 股东权益账面价值 | — | $542.6M |
| 总资产 | $4.3B | $707.1M |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资JBGSOSW
| Q1 26 | — | — | ||
| Q4 25 | $75.3M | $16.3M | ||
| Q3 25 | $64.4M | $29.6M | ||
| Q2 25 | $61.4M | $35.0M | ||
| Q1 25 | $81.3M | $22.6M | ||
| Q4 24 | $145.8M | $57.4M | ||
| Q3 24 | $137.0M | $48.8M | ||
| Q2 24 | $163.5M | $62.5M |
总债务JBGSOSW
| Q1 26 | — | — | ||
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M |
股东权益JBGSOSW
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $542.6M | ||
| Q3 25 | $1.2B | $552.8M | ||
| Q2 25 | $1.3B | $548.3M | ||
| Q1 25 | $1.6B | $530.6M | ||
| Q4 24 | $1.8B | $554.5M | ||
| Q3 24 | $1.9B | $540.1M | ||
| Q2 24 | $2.0B | $532.7M |
总资产JBGSOSW
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.4B | $707.1M | ||
| Q3 25 | $4.4B | $732.6M | ||
| Q2 25 | $4.5B | $731.8M | ||
| Q1 25 | $4.7B | $708.7M | ||
| Q4 24 | $5.0B | $746.4M | ||
| Q3 24 | $5.2B | $734.0M | ||
| Q2 24 | $5.3B | $756.8M |
负债/权益比JBGSOSW
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× |
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 | — | $20.0M |
| 自由现金流经营现金流 - 资本支出 | — | $14.9M |
| 自由现金流率自由现金流/营收 | — | 6.2% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $68.4M |
8季度趋势，按日历期对齐
经营现金流JBGSOSW
| Q1 26 | — | — | ||
| Q4 25 | $73.3M | $20.0M | ||
| Q3 25 | $8.9M | $33.2M | ||
| Q2 25 | $18.8M | $20.3M | ||
| Q1 25 | $12.9M | $10.1M | ||
| Q4 24 | $129.4M | $16.6M | ||
| Q3 24 | $26.4M | $28.6M | ||
| Q2 24 | $23.8M | $18.7M |
自由现金流JBGSOSW
| Q1 26 | — | — | ||
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $17.6M |
自由现金流率JBGSOSW
| Q1 26 | — | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 7.8% |
资本支出强度JBGSOSW
| Q1 26 | — | — | ||
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% |
现金转化率JBGSOSW
| Q1 26 | — | — | ||
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.19× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
