vs
JBG SMITH Properties（JBGS）与SunPower Inc.（SPWR）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SunPower Inc.的1.6倍（$127.6M vs $79.7M），SunPower Inc.净利率更高（-17.8% vs -18.1%，领先0.3%），JBG SMITH Properties同比增速更快（5.7% vs -10.1%），过去两年SunPower Inc.的营收复合增速更高（118.7% 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。
SunPower是一家美国光伏太阳能发电系统与储能电池产品供应商，主要服务住宅客户。公司由斯坦福大学电气工程教授理查德·斯旺森于1985年创立，总部位于加利福尼亚州圣何塞。赛普拉斯半导体2002年收购该公司多数股权后推动其快速发展，SunPower最终于2005年完成上市，目前是全球光伏领域知名企业。
JBGS vs SPWR — 直观对比
营收规模更大
JBGS
是对方的1.6倍
$79.7M
营收增速更快
JBGS
高出15.8%
-10.1%
净利率更高
SPWR
高出0.3%
-18.1%
两年增速更快
SPWR
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $79.7M |
| 净利润 | $-23.0M | $-14.2M |
| 毛利率 | — | 35.5% |
| 营业利润率 | — | -27.4% |
| 净利率 | -18.1% | -17.8% |
| 营收同比 | 5.7% | -10.1% |
| 净利润同比 | 57.1% | -130.1% |
| 每股收益（稀释后） | $-0.32 | $-0.05 |
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JBGSSPWR
| Q1 26 | $127.6M | — | ||
| Q4 25 | $127.6M | $79.7M | ||
| Q3 25 | $123.9M | $22.0M | ||
| Q2 25 | $126.5M | $67.5M | ||
| Q1 25 | $120.7M | $82.7M | ||
| Q4 24 | $130.8M | $88.7M | ||
| Q3 24 | $136.0M | — | ||
| Q2 24 | $135.3M | — |
净利润JBGSSPWR
| Q1 26 | $-23.0M | — | ||
| Q4 25 | $-45.5M | $-14.2M | ||
| Q3 25 | $-28.6M | $-16.9M | ||
| Q2 25 | $-19.2M | $-22.4M | ||
| Q1 25 | $-45.7M | $8.1M | ||
| Q4 24 | $-59.9M | $47.0M | ||
| Q3 24 | $-27.0M | — | ||
| Q2 24 | $-24.4M | — |
毛利率JBGSSPWR
| Q1 26 | — | — | ||
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 42.6% | ||
| Q1 25 | — | 48.5% | ||
| Q4 24 | — | 46.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率JBGSSPWR
| Q1 26 | — | — | ||
| Q4 25 | -47.5% | -27.4% | ||
| Q3 25 | -27.5% | -15.7% | ||
| Q2 25 | -18.4% | -4.0% | ||
| Q1 25 | -44.7% | 1.3% | ||
| Q4 24 | -53.6% | -24.2% | ||
| Q3 24 | -22.4% | — | ||
| Q2 24 | -24.3% | — |
净利率JBGSSPWR
| Q1 26 | -18.1% | — | ||
| Q4 25 | -35.7% | -17.8% | ||
| Q3 25 | -23.1% | -76.9% | ||
| Q2 25 | -15.2% | -33.2% | ||
| Q1 25 | -37.9% | 9.8% | ||
| Q4 24 | -45.8% | 53.0% | ||
| Q3 24 | -19.8% | — | ||
| Q2 24 | -18.0% | — |
每股收益（稀释后）JBGSSPWR
| Q1 26 | $-0.32 | — | ||
| Q4 25 | $-0.76 | $-0.05 | ||
| Q3 25 | $-0.48 | $-0.19 | ||
| Q2 25 | $-0.29 | $-0.28 | ||
| Q1 25 | $-0.56 | $0.00 | ||
| Q4 24 | $-0.70 | $0.27 | ||
| Q3 24 | $-0.32 | — | ||
| Q2 24 | $-0.27 | — |
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 | — | $9.6M |
| 总债务越低越好 | — | $164.8M |
| 股东权益账面价值 | — | $-90.1M |
| 总资产 | $4.3B | $241.2M |
| 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JBGSSPWR
| Q1 26 | — | — | ||
| Q4 25 | $75.3M | $9.6M | ||
| Q3 25 | $64.4M | $5.1M | ||
| Q2 25 | $61.4M | $11.1M | ||
| Q1 25 | $81.3M | $10.6M | ||
| Q4 24 | $145.8M | $13.4M | ||
| Q3 24 | $137.0M | — | ||
| Q2 24 | $163.5M | — |
总债务JBGSSPWR
| Q1 26 | — | — | ||
| Q4 25 | — | $164.8M | ||
| Q3 25 | — | $204.3M | ||
| Q2 25 | — | $152.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益JBGSSPWR
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $-90.1M | ||
| Q3 25 | $1.2B | $-112.3M | ||
| Q2 25 | $1.3B | $-107.2M | ||
| Q1 25 | $1.6B | $-89.0M | ||
| Q4 24 | $1.8B | $-97.5M | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $2.0B | — |
总资产JBGSSPWR
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.4B | $241.2M | ||
| Q3 25 | $4.4B | $208.3M | ||
| Q2 25 | $4.5B | $163.1M | ||
| Q1 25 | $4.7B | $147.8M | ||
| Q4 24 | $5.0B | $144.5M | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $5.3B | — |
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 | — | $-1.9M |
| 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 | — | — |
| 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JBGSSPWR
| Q1 26 | — | — | ||
| Q4 25 | $73.3M | $-1.9M | ||
| Q3 25 | $8.9M | $-6.4M | ||
| Q2 25 | $18.8M | $-4.4M | ||
| Q1 25 | $12.9M | $-2.6M | ||
| Q4 24 | $129.4M | $-25.6M | ||
| Q3 24 | $26.4M | — | ||
| Q2 24 | $23.8M | — |
现金转化率JBGSSPWR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | — | -0.54× | ||
| Q3 24 | — | — | ||
| Q2 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
| Property rental | $105.9M | 83% |
| Third-party real estate services, including reimbursements | $17.2M | 13% |
| Other revenue | $4.5M | 4% |
SPWR
| Residential Solar Installation | $46.9M | 59% |
| New Homes Business | $22.7M | 29% |
| Other | $10.1M | 13% |
