vs
JBG SMITH Properties（JBGS）与Repay Holdings Corp（RPAY）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Repay Holdings Corp的1.6倍（$127.6M vs $78.6M），JBG SMITH Properties净利率更高（-35.7% vs -178.3%，领先142.6%），Repay Holdings Corp同比增速更快（0.4% vs -2.5%），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% 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。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
JBGS vs RPAY — 直观对比
营收规模更大
JBGS
是对方的1.6倍
$78.6M
营收增速更快
RPAY
高出2.9%
-2.5%
净利率更高
JBGS
高出142.6%
-178.3%
两年增速更快
RPAY
近两年复合增速
-6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $78.6M |
| 净利润 | $-45.5M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | -47.5% | -182.2% |
| 净利率 | -35.7% | -178.3% |
| 营收同比 | -2.5% | 0.4% |
| 净利润同比 | 24.0% | -3304.1% |
| 每股收益（稀释后） | $-0.76 | $-1.68 |
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JBGSRPAY
| Q4 25 | $127.6M | $78.6M | ||
| Q3 25 | $123.9M | $77.7M | ||
| Q2 25 | $126.5M | $75.6M | ||
| Q1 25 | $120.7M | $77.3M | ||
| Q4 24 | $130.8M | $78.3M | ||
| Q3 24 | $136.0M | $79.1M | ||
| Q2 24 | $135.3M | $74.9M | ||
| Q1 24 | $145.2M | $80.7M |
净利润JBGSRPAY
| Q4 25 | $-45.5M | $-140.1M | ||
| Q3 25 | $-28.6M | $-6.4M | ||
| Q2 25 | $-19.2M | $-102.3M | ||
| Q1 25 | $-45.7M | $-7.9M | ||
| Q4 24 | $-59.9M | $-4.1M | ||
| Q3 24 | $-27.0M | $3.2M | ||
| Q2 24 | $-24.4M | $-4.1M | ||
| Q1 24 | $-32.3M | $-5.2M |
毛利率JBGSRPAY
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% | ||
| Q1 24 | — | 76.2% |
营业利润率JBGSRPAY
| Q4 25 | -47.5% | -182.2% | ||
| Q3 25 | -27.5% | -3.9% | ||
| Q2 25 | -18.4% | -138.7% | ||
| Q1 25 | -44.7% | -4.7% | ||
| Q4 24 | -53.6% | -1.5% | ||
| Q3 24 | -22.4% | -0.9% | ||
| Q2 24 | -24.3% | -4.6% | ||
| Q1 24 | -30.1% | -3.1% |
净利率JBGSRPAY
| Q4 25 | -35.7% | -178.3% | ||
| Q3 25 | -23.1% | -8.3% | ||
| Q2 25 | -15.2% | -135.2% | ||
| Q1 25 | -37.9% | -10.3% | ||
| Q4 24 | -45.8% | -5.3% | ||
| Q3 24 | -19.8% | 4.1% | ||
| Q2 24 | -18.0% | -5.4% | ||
| Q1 24 | -22.2% | -6.5% |
每股收益（稀释后）JBGSRPAY
| Q4 25 | $-0.76 | $-1.68 | ||
| Q3 25 | $-0.48 | $-0.08 | ||
| Q2 25 | $-0.29 | $-1.15 | ||
| Q1 25 | $-0.56 | $-0.09 | ||
| Q4 24 | $-0.70 | $-0.04 | ||
| Q3 24 | $-0.32 | $0.03 | ||
| Q2 24 | $-0.27 | $-0.04 | ||
| Q1 24 | $-0.36 | $-0.06 |
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 | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $1.2B | $484.4M |
| 总资产 | $4.4B | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资JBGSRPAY
| Q4 25 | $75.3M | $115.7M | ||
| Q3 25 | $64.4M | $95.7M | ||
| Q2 25 | $61.4M | $162.6M | ||
| Q1 25 | $81.3M | $165.5M | ||
| Q4 24 | $145.8M | $189.5M | ||
| Q3 24 | $137.0M | $168.7M | ||
| Q2 24 | $163.5M | $147.1M | ||
| Q1 24 | $220.5M | $128.3M |
总债务JBGSRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益JBGSRPAY
| Q4 25 | $1.2B | $484.4M | ||
| Q3 25 | $1.2B | $616.9M | ||
| Q2 25 | $1.3B | $633.7M | ||
| Q1 25 | $1.6B | $755.7M | ||
| Q4 24 | $1.8B | $761.3M | ||
| Q3 24 | $1.9B | $754.7M | ||
| Q2 24 | $2.0B | $815.4M | ||
| Q1 24 | $2.1B | $813.8M |
总资产JBGSRPAY
| Q4 25 | $4.4B | $1.2B | ||
| Q3 25 | $4.4B | $1.3B | ||
| Q2 25 | $4.5B | $1.4B | ||
| Q1 25 | $4.7B | $1.5B | ||
| Q4 24 | $5.0B | $1.6B | ||
| Q3 24 | $5.2B | $1.6B | ||
| Q2 24 | $5.3B | $1.5B | ||
| Q1 24 | $5.4B | $1.5B |
负债/权益比JBGSRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $23.2M |
| 自由现金流率自由现金流/营收 | — | 29.6% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | $90.7M |
8季度趋势，按日历期对齐
经营现金流JBGSRPAY
| Q4 25 | $73.3M | $23.3M | ||
| Q3 25 | $8.9M | $32.2M | ||
| Q2 25 | $18.8M | $33.1M | ||
| Q1 25 | $12.9M | $2.5M | ||
| Q4 24 | $129.4M | $34.3M | ||
| Q3 24 | $26.4M | $60.1M | ||
| Q2 24 | $23.8M | $31.0M | ||
| Q1 24 | $37.0M | $24.8M |
自由现金流JBGSRPAY
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M | ||
| Q1 24 | — | $24.7M |
自由现金流率JBGSRPAY
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 30.6% |
资本支出强度JBGSRPAY
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.1% |
现金转化率JBGSRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| 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
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
