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JBG SMITH Properties（JBGS）与通用动力（PLOW）财务数据对比。点击上方公司名可切换其他公司
通用动力的季度营收约是JBG SMITH Properties的1.4倍（$184.5M vs $127.6M），通用动力净利率更高（7.0% vs -18.1%，领先25.0%），通用动力同比增速更快（28.6% vs 5.7%），过去两年通用动力的营收复合增速更高（38.9% 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。
通用动力公司是总部位于美国弗吉尼亚州雷斯顿的工业与科技企业，核心业务是研发制造各类先进军用装备，产品包括核潜艇、主战坦克、装甲战车等，同时也生产民用湾流公务机，并提供信息技术服务，是美国联邦政府前五大国防承包商之一。
JBGS vs PLOW — 直观对比
营收规模更大
PLOW
是对方的1.4倍
$127.6M
营收增速更快
PLOW
高出22.8%
5.7%
净利率更高
PLOW
高出25.0%
-18.1%
两年增速更快
PLOW
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $184.5M |
| 净利润 | $-23.0M | $12.8M |
| 毛利率 | — | 26.1% |
| 营业利润率 | — | 10.5% |
| 净利率 | -18.1% | 7.0% |
| 营收同比 | 5.7% | 28.6% |
| 净利润同比 | 57.1% | 62.3% |
| 每股收益（稀释后） | $-0.32 | $0.54 |
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JBGSPLOW
| Q1 26 | $127.6M | — | ||
| Q4 25 | $127.6M | $184.5M | ||
| Q3 25 | $123.9M | $162.1M | ||
| Q2 25 | $126.5M | $194.3M | ||
| Q1 25 | $120.7M | $115.1M | ||
| Q4 24 | $130.8M | $143.5M | ||
| Q3 24 | $136.0M | $129.4M | ||
| Q2 24 | $135.3M | $199.9M |
净利润JBGSPLOW
| Q1 26 | $-23.0M | — | ||
| Q4 25 | $-45.5M | $12.8M | ||
| Q3 25 | $-28.6M | $8.0M | ||
| Q2 25 | $-19.2M | $26.0M | ||
| Q1 25 | $-45.7M | $148.0K | ||
| Q4 24 | $-59.9M | $7.9M | ||
| Q3 24 | $-27.0M | $32.3M | ||
| Q2 24 | $-24.4M | $24.3M |
毛利率JBGSPLOW
| Q1 26 | — | — | ||
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 30.7% |
营业利润率JBGSPLOW
| Q1 26 | — | — | ||
| Q4 25 | -47.5% | 10.5% | ||
| Q3 25 | -27.5% | 8.7% | ||
| Q2 25 | -18.4% | 19.0% | ||
| Q1 25 | -44.7% | 2.8% | ||
| Q4 24 | -53.6% | 9.0% | ||
| Q3 24 | -22.4% | 35.4% | ||
| Q2 24 | -24.3% | 18.2% |
净利率JBGSPLOW
| Q1 26 | -18.1% | — | ||
| Q4 25 | -35.7% | 7.0% | ||
| Q3 25 | -23.1% | 4.9% | ||
| Q2 25 | -15.2% | 13.4% | ||
| Q1 25 | -37.9% | 0.1% | ||
| Q4 24 | -45.8% | 5.5% | ||
| Q3 24 | -19.8% | 24.9% | ||
| Q2 24 | -18.0% | 12.2% |
每股收益（稀释后）JBGSPLOW
| Q1 26 | $-0.32 | — | ||
| Q4 25 | $-0.76 | $0.54 | ||
| Q3 25 | $-0.48 | $0.33 | ||
| Q2 25 | $-0.29 | $1.09 | ||
| Q1 25 | $-0.56 | $0.00 | ||
| Q4 24 | $-0.70 | $0.35 | ||
| Q3 24 | $-0.32 | $1.36 | ||
| Q2 24 | $-0.27 | $1.02 |
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 | — | — |
| 总债务越低越好 | — | $144.0M |
| 股东权益账面价值 | — | $281.4M |
| 总资产 | $4.3B | $626.7M |
| 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JBGSPLOW
| Q1 26 | — | — | ||
| Q4 25 | $75.3M | — | ||
| Q3 25 | $64.4M | — | ||
| Q2 25 | $61.4M | — | ||
| Q1 25 | $81.3M | — | ||
| Q4 24 | $145.8M | — | ||
| Q3 24 | $137.0M | — | ||
| Q2 24 | $163.5M | — |
总债务JBGSPLOW
| Q1 26 | — | — | ||
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益JBGSPLOW
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $281.4M | ||
| Q3 25 | $1.2B | $275.3M | ||
| Q2 25 | $1.3B | $273.3M | ||
| Q1 25 | $1.6B | $258.9M | ||
| Q4 24 | $1.8B | $264.2M | ||
| Q3 24 | $1.9B | $260.8M | ||
| Q2 24 | $2.0B | $236.7M |
总资产JBGSPLOW
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.4B | $626.7M | ||
| Q3 25 | $4.4B | $694.9M | ||
| Q2 25 | $4.5B | $671.5M | ||
| Q1 25 | $4.7B | $621.0M | ||
| Q4 24 | $5.0B | $590.0M | ||
| Q3 24 | $5.2B | $665.6M | ||
| Q2 24 | $5.3B | $617.0M |
负债/权益比JBGSPLOW
| Q1 26 | — | — | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| 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 | — | $95.9M |
| 自由现金流经营现金流 - 资本支出 | — | $92.8M |
| 自由现金流率自由现金流/营收 | — | 50.3% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | — | 7.47× |
| 过去12个月自由现金流最近4个季度 | — | $63.6M |
8季度趋势，按日历期对齐
经营现金流JBGSPLOW
| Q1 26 | — | — | ||
| Q4 25 | $73.3M | $95.9M | ||
| Q3 25 | $8.9M | $-8.5M | ||
| Q2 25 | $18.8M | $-11.4M | ||
| Q1 25 | $12.9M | $-1.3M | ||
| Q4 24 | $129.4M | $74.4M | ||
| Q3 24 | $26.4M | $-14.2M | ||
| Q2 24 | $23.8M | $2.5M |
自由现金流JBGSPLOW
| Q1 26 | — | — | ||
| Q4 25 | — | $92.8M | ||
| Q3 25 | — | $-11.4M | ||
| Q2 25 | — | $-14.3M | ||
| Q1 25 | — | $-3.5M | ||
| Q4 24 | — | $70.2M | ||
| Q3 24 | — | $-15.2M | ||
| Q2 24 | — | $836.0K |
自由现金流率JBGSPLOW
| Q1 26 | — | — | ||
| Q4 25 | — | 50.3% | ||
| Q3 25 | — | -7.1% | ||
| Q2 25 | — | -7.4% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | -11.8% | ||
| Q2 24 | — | 0.4% |
资本支出强度JBGSPLOW
| Q1 26 | — | — | ||
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.8% |
现金转化率JBGSPLOW
| Q1 26 | — | — | ||
| Q4 25 | — | 7.47× | ||
| Q3 25 | — | -1.07× | ||
| Q2 25 | — | -0.44× | ||
| Q1 25 | — | -9.03× | ||
| Q4 24 | — | 9.41× | ||
| Q3 24 | — | -0.44× | ||
| Q2 24 | — | 0.10× |
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% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
