vs
JBG SMITH Properties（JBGS）与Shimmick Corp（SHIM）财务数据对比。点击上方公司名可切换其他公司
Shimmick Corp的季度营收约是JBG SMITH Properties的1.1倍（$141.9M vs $127.6M），Shimmick Corp净利率更高（-3.1% vs -18.1%，领先15.0%），过去两年JBG SMITH Properties的营收复合增速更高（-2.9% vs -10.1%）
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。
Shimmick Corp是一家总部位于美国的重型民用建筑企业，专注于水处理设施、交通系统、大坝工程、环境修复等关键公共基础设施的建造与升级，主要服务北美各级政府客户，承接各类复杂大型建筑项目。
JBGS vs SHIM — 直观对比
营收规模更大
SHIM
是对方的1.1倍
$127.6M
净利率更高
SHIM
高出15.0%
-18.1%
两年增速更快
JBGS
近两年复合增速
-10.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $141.9M |
| 净利润 | $-23.0M | $-4.4M |
| 毛利率 | — | 7.6% |
| 营业利润率 | — | -2.2% |
| 净利率 | -18.1% | -3.1% |
| 营收同比 | 5.7% | — |
| 净利润同比 | 57.1% | — |
| 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JBGSSHIM
| Q1 26 | $127.6M | — | ||
| Q4 25 | $127.6M | $141.9M | ||
| Q3 25 | $123.9M | $128.4M | ||
| Q2 25 | $126.5M | $122.1M | ||
| Q1 25 | $120.7M | $103.6M | ||
| Q4 24 | $130.8M | — | ||
| Q3 24 | $136.0M | $166.0M | ||
| Q2 24 | $135.3M | $90.6M |
净利润JBGSSHIM
| Q1 26 | $-23.0M | — | ||
| Q4 25 | $-45.5M | $-4.4M | ||
| Q3 25 | $-28.6M | $-8.5M | ||
| Q2 25 | $-19.2M | $-9.8M | ||
| Q1 25 | $-45.7M | $-38.5M | ||
| Q4 24 | $-59.9M | — | ||
| Q3 24 | $-27.0M | $-1.6M | ||
| Q2 24 | $-24.4M | $-51.4M |
毛利率JBGSSHIM
| Q1 26 | — | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | -20.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | -34.4% |
营业利润率JBGSSHIM
| Q1 26 | — | — | ||
| Q4 25 | -47.5% | -2.2% | ||
| Q3 25 | -27.5% | -5.5% | ||
| Q2 25 | -18.4% | -7.3% | ||
| Q1 25 | -44.7% | -39.3% | ||
| Q4 24 | -53.6% | — | ||
| Q3 24 | -22.4% | 0.7% | ||
| Q2 24 | -24.3% | -53.0% |
净利率JBGSSHIM
| Q1 26 | -18.1% | — | ||
| Q4 25 | -35.7% | -3.1% | ||
| Q3 25 | -23.1% | -6.6% | ||
| Q2 25 | -15.2% | -8.0% | ||
| Q1 25 | -37.9% | -37.1% | ||
| Q4 24 | -45.8% | — | ||
| Q3 24 | -19.8% | -0.9% | ||
| Q2 24 | -18.0% | -56.7% |
每股收益（稀释后）JBGSSHIM
| Q1 26 | $-0.32 | — | ||
| Q4 25 | $-0.76 | $-0.12 | ||
| Q3 25 | $-0.48 | $-0.25 | ||
| Q2 25 | $-0.29 | $-0.28 | ||
| Q1 25 | $-0.56 | $-0.92 | ||
| Q4 24 | $-0.70 | — | ||
| Q3 24 | $-0.32 | $-0.05 | ||
| Q2 24 | $-0.27 | $-1.83 |
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 | — | $17.6M |
| 总债务越低越好 | — | $57.5M |
| 股东权益账面价值 | — | $-52.7M |
| 总资产 | $4.3B | $218.5M |
| 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JBGSSHIM
| Q1 26 | — | — | ||
| Q4 25 | $75.3M | $17.6M | ||
| Q3 25 | $64.4M | $21.4M | ||
| Q2 25 | $61.4M | $16.3M | ||
| Q1 25 | $81.3M | $33.7M | ||
| Q4 24 | $145.8M | — | ||
| Q3 24 | $137.0M | $26.0M | ||
| Q2 24 | $163.5M | $22.4M |
总债务JBGSSHIM
| Q1 26 | — | — | ||
| Q4 25 | — | $57.5M | ||
| Q3 25 | — | $36.4M | ||
| Q2 25 | — | $31.4M | ||
| Q1 25 | — | $9.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $39.9M | ||
| Q2 24 | — | — |
股东权益JBGSSHIM
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $-52.7M | ||
| Q3 25 | $1.2B | $-49.5M | ||
| Q2 25 | $1.3B | $-42.6M | ||
| Q1 25 | $1.6B | $-34.7M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | $973.0K | ||
| Q2 24 | $2.0B | $436.0K |
总资产JBGSSHIM
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.4B | $218.5M | ||
| Q3 25 | $4.4B | $203.0M | ||
| Q2 25 | $4.5B | $227.7M | ||
| Q1 25 | $4.7B | $233.9M | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.2B | $346.7M | ||
| Q2 24 | $5.3B | $344.5M |
负债/权益比JBGSSHIM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 41.01× | ||
| 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 | — | $-23.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-28.7M |
| 自由现金流率自由现金流/营收 | — | -20.2% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 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 | — | $-27.2M |
8季度趋势，按日历期对齐
经营现金流JBGSSHIM
| Q1 26 | — | — | ||
| Q4 25 | $73.3M | $-23.7M | ||
| Q3 25 | $8.9M | $-3.8M | ||
| Q2 25 | $18.8M | $-38.2M | ||
| Q1 25 | $12.9M | $44.9M | ||
| Q4 24 | $129.4M | — | ||
| Q3 24 | $26.4M | $12.7M | ||
| Q2 24 | $23.8M | $-43.9M |
自由现金流JBGSSHIM
| Q1 26 | — | — | ||
| Q4 25 | — | $-28.7M | ||
| Q3 25 | — | $-4.2M | ||
| Q2 25 | — | $-38.7M | ||
| Q1 25 | — | $44.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $-46.8M |
自由现金流率JBGSSHIM
| Q1 26 | — | — | ||
| Q4 25 | — | -20.2% | ||
| Q3 25 | — | -3.2% | ||
| Q2 25 | — | -31.7% | ||
| Q1 25 | — | 42.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | -51.7% |
资本支出强度JBGSSHIM
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 3.3% |
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% |
SHIM
| Shimmick Projects | $106.8M | 75% |
| Non Core Projects | $35.1M | 25% |
