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JBG SMITH Properties（JBGS）与Planet Labs PBC（PL）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Planet Labs PBC的1.6倍（$127.6M vs $81.3M），JBG SMITH Properties净利率更高（-35.7% vs -72.8%，领先37.1%），Planet Labs PBC同比增速更快（32.6% vs -2.5%），过去两年Planet Labs PBC的营收复合增速更高（17.5% vs -6.3%）
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。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
JBGS vs PL — 直观对比
营收规模更大
JBGS
是对方的1.6倍
$81.3M
营收增速更快
PL
高出35.1%
-2.5%
净利率更高
JBGS
高出37.1%
-72.8%
两年增速更快
PL
近两年复合增速
-6.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $81.3M |
| 净利润 | $-45.5M | $-59.2M |
| 毛利率 | — | 57.3% |
| 营业利润率 | -47.5% | -22.6% |
| 净利率 | -35.7% | -72.8% |
| 营收同比 | -2.5% | 32.6% |
| 净利润同比 | 24.0% | -194.7% |
| 每股收益（稀释后） | $-0.76 | $-0.19 |
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JBGSPL
| Q4 25 | $127.6M | $81.3M | ||
| Q3 25 | $123.9M | $73.4M | ||
| Q2 25 | $126.5M | $66.3M | ||
| Q1 25 | $120.7M | $61.6M | ||
| Q4 24 | $130.8M | $61.3M | ||
| Q3 24 | $136.0M | $61.1M | ||
| Q2 24 | $135.3M | $60.4M | ||
| Q1 24 | $145.2M | $58.9M |
净利润JBGSPL
| Q4 25 | $-45.5M | $-59.2M | ||
| Q3 25 | $-28.6M | $-22.6M | ||
| Q2 25 | $-19.2M | $-12.6M | ||
| Q1 25 | $-45.7M | $-35.2M | ||
| Q4 24 | $-59.9M | $-20.1M | ||
| Q3 24 | $-27.0M | $-38.7M | ||
| Q2 24 | $-24.4M | $-29.3M | ||
| Q1 24 | $-32.3M | $-30.1M |
毛利率JBGSPL
| Q4 25 | — | 57.3% | ||
| Q3 25 | — | 57.6% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | — | 61.2% | ||
| Q3 24 | — | 52.9% | ||
| Q2 24 | — | 52.4% | ||
| Q1 24 | — | 55.2% |
营业利润率JBGSPL
| Q4 25 | -47.5% | -22.6% | ||
| Q3 25 | -27.5% | -24.5% | ||
| Q2 25 | -18.4% | -34.4% | ||
| Q1 25 | -44.7% | -31.5% | ||
| Q4 24 | -53.6% | -36.9% | ||
| Q3 24 | -22.4% | -64.8% | ||
| Q2 24 | -24.3% | -57.2% | ||
| Q1 24 | -30.1% | -57.6% |
净利率JBGSPL
| Q4 25 | -35.7% | -72.8% | ||
| Q3 25 | -23.1% | -30.8% | ||
| Q2 25 | -15.2% | -19.1% | ||
| Q1 25 | -37.9% | -57.1% | ||
| Q4 24 | -45.8% | -32.8% | ||
| Q3 24 | -19.8% | -63.3% | ||
| Q2 24 | -18.0% | -48.5% | ||
| Q1 24 | -22.2% | -51.1% |
每股收益（稀释后）JBGSPL
| Q4 25 | $-0.76 | $-0.19 | ||
| Q3 25 | $-0.48 | $-0.07 | ||
| Q2 25 | $-0.29 | $-0.04 | ||
| Q1 25 | $-0.56 | $-0.12 | ||
| Q4 24 | $-0.70 | $-0.07 | ||
| Q3 24 | $-0.32 | $-0.13 | ||
| Q2 24 | $-0.27 | $-0.10 | ||
| Q1 24 | $-0.36 | $-0.10 |
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 | $75.3M | $443.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $349.6M |
| 总资产 | $4.4B | $1.1B |
| 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JBGSPL
| Q4 25 | $75.3M | $443.3M | ||
| Q3 25 | $64.4M | $181.1M | ||
| Q2 25 | $61.4M | $133.5M | ||
| Q1 25 | $81.3M | $118.0M | ||
| Q4 24 | $145.8M | $139.0M | ||
| Q3 24 | $137.0M | $148.3M | ||
| Q2 24 | $163.5M | $107.4M | ||
| Q1 24 | $220.5M | $83.9M |
股东权益JBGSPL
| Q4 25 | $1.2B | $349.6M | ||
| Q3 25 | $1.2B | $435.7M | ||
| Q2 25 | $1.3B | $444.8M | ||
| Q1 25 | $1.6B | $441.3M | ||
| Q4 24 | $1.8B | $464.6M | ||
| Q3 24 | $1.9B | $473.2M | ||
| Q2 24 | $2.0B | $500.3M | ||
| Q1 24 | $2.1B | $518.0M |
总资产JBGSPL
| Q4 25 | $4.4B | $1.1B | ||
| Q3 25 | $4.4B | $696.4M | ||
| Q2 25 | $4.5B | $658.4M | ||
| Q1 25 | $4.7B | $633.8M | ||
| Q4 24 | $5.0B | $630.8M | ||
| Q3 24 | $5.2B | $658.4M | ||
| Q2 24 | $5.3B | $674.6M | ||
| Q1 24 | $5.4B | $702.0M |
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 | $73.3M | $28.6M |
| 自由现金流经营现金流 - 资本支出 | — | $1.9M |
| 自由现金流率自由现金流/营收 | — | 2.3% |
| 资本支出强度资本支出/营收 | — | 32.9% |
| 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 | — | $40.7M |
8季度趋势，按日历期对齐
经营现金流JBGSPL
| Q4 25 | $73.3M | $28.6M | ||
| Q3 25 | $8.9M | $67.8M | ||
| Q2 25 | $18.8M | $17.3M | ||
| Q1 25 | $12.9M | $-6.3M | ||
| Q4 24 | $129.4M | $4.1M | ||
| Q3 24 | $26.4M | $-7.9M | ||
| Q2 24 | $23.8M | $-4.3M | ||
| Q1 24 | $37.0M | $-6.8M |
自由现金流JBGSPL
| Q4 25 | — | $1.9M | ||
| Q3 25 | — | $47.5M | ||
| Q2 25 | — | $9.2M | ||
| Q1 25 | — | $-17.9M | ||
| Q4 24 | — | $-3.6M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $-14.2M | ||
| Q1 24 | — | $-15.7M |
自由现金流率JBGSPL
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 13.9% | ||
| Q1 25 | — | -29.1% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | — | -37.6% | ||
| Q2 24 | — | -23.6% | ||
| Q1 24 | — | -26.7% |
资本支出强度JBGSPL
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 27.6% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 18.9% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | — | 15.1% |
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
暂无分部数据
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
