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JBG SMITH Properties（JBGS）与RMR GROUP INC.（RMR）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RMR GROUP INC.的1.9倍（$127.6M vs $66.7M），RMR GROUP INC.净利率更高（18.3% vs -35.7%，领先54.0%），RMR GROUP INC.同比增速更快（40.8% vs -2.5%）
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。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
JBGS vs RMR — 直观对比
营收规模更大
JBGS
是对方的1.9倍
$66.7M
营收增速更快
RMR
高出43.2%
-2.5%
净利率更高
RMR
高出54.0%
-35.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $66.7M |
| 净利润 | $-45.5M | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | -47.5% | 48.1% |
| 净利率 | -35.7% | 18.3% |
| 营收同比 | -2.5% | 40.8% |
| 净利润同比 | 24.0% | 91.1% |
| 每股收益（稀释后） | $-0.76 | $0.71 |
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JBGSRMR
| Q4 25 | $127.6M | $66.7M | ||
| Q3 25 | $123.9M | — | ||
| Q2 25 | $126.5M | — | ||
| Q1 25 | $120.7M | — | ||
| Q4 24 | $130.8M | — | ||
| Q3 24 | $136.0M | — | ||
| Q2 24 | $135.3M | — | ||
| Q1 24 | $145.2M | — |
净利润JBGSRMR
| Q4 25 | $-45.5M | $12.2M | ||
| Q3 25 | $-28.6M | — | ||
| Q2 25 | $-19.2M | — | ||
| Q1 25 | $-45.7M | — | ||
| Q4 24 | $-59.9M | — | ||
| Q3 24 | $-27.0M | — | ||
| Q2 24 | $-24.4M | — | ||
| Q1 24 | $-32.3M | — |
营业利润率JBGSRMR
| Q4 25 | -47.5% | 48.1% | ||
| Q3 25 | -27.5% | — | ||
| Q2 25 | -18.4% | — | ||
| Q1 25 | -44.7% | — | ||
| Q4 24 | -53.6% | — | ||
| Q3 24 | -22.4% | — | ||
| Q2 24 | -24.3% | — | ||
| Q1 24 | -30.1% | — |
净利率JBGSRMR
| Q4 25 | -35.7% | 18.3% | ||
| Q3 25 | -23.1% | — | ||
| Q2 25 | -15.2% | — | ||
| Q1 25 | -37.9% | — | ||
| Q4 24 | -45.8% | — | ||
| Q3 24 | -19.8% | — | ||
| Q2 24 | -18.0% | — | ||
| Q1 24 | -22.2% | — |
每股收益（稀释后）JBGSRMR
| Q4 25 | $-0.76 | $0.71 | ||
| Q3 25 | $-0.48 | — | ||
| Q2 25 | $-0.29 | — | ||
| Q1 25 | $-0.56 | — | ||
| Q4 24 | $-0.70 | — | ||
| Q3 24 | $-0.32 | — | ||
| Q2 24 | $-0.27 | — | ||
| Q1 24 | $-0.36 | — |
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 | $49.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $232.7M |
| 总资产 | $4.4B | $687.1M |
| 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JBGSRMR
| Q4 25 | $75.3M | $49.3M | ||
| Q3 25 | $64.4M | — | ||
| Q2 25 | $61.4M | — | ||
| Q1 25 | $81.3M | — | ||
| Q4 24 | $145.8M | — | ||
| Q3 24 | $137.0M | — | ||
| Q2 24 | $163.5M | — | ||
| Q1 24 | $220.5M | — |
股东权益JBGSRMR
| Q4 25 | $1.2B | $232.7M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.1B | — |
总资产JBGSRMR
| Q4 25 | $4.4B | $687.1M | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.4B | — |
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 | $10.7M |
| 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 | — | 0.88× |
| 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JBGSRMR
| Q4 25 | $73.3M | $10.7M | ||
| Q3 25 | $8.9M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $12.9M | — | ||
| Q4 24 | $129.4M | — | ||
| Q3 24 | $26.4M | — | ||
| Q2 24 | $23.8M | — | ||
| Q1 24 | $37.0M | — |
现金转化率JBGSRMR
| Q4 25 | — | 0.88× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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
暂无分部数据
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
