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JBG SMITH Properties（JBGS）与Tilray Brands, Inc.（TLRY）财务数据对比。点击上方公司名可切换其他公司
Tilray Brands, Inc.的季度营收约是JBG SMITH Properties的1.7倍（$217.5M vs $127.6M），JBG SMITH Properties净利率更高（-18.1% vs -20.7%，领先2.6%），JBG SMITH Properties同比增速更快（5.7% vs 3.1%），过去两年Tilray Brands, Inc.的营收复合增速更高（7.5% 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。
Tilray Brands, Inc.是一家美国企业，主营医药、大麻生活方式产品以及包装消费品业务，公司注册于美国，总部坐落于纽约。该公司在加拿大、澳大利亚、新西兰、拉美地区均开展业务，同时在德国和葡萄牙拥有大麻种植基地。
JBGS vs TLRY — 直观对比
营收规模更大
TLRY
是对方的1.7倍
$127.6M
营收增速更快
JBGS
高出2.6%
3.1%
净利率更高
JBGS
高出2.6%
-20.7%
两年增速更快
TLRY
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $217.5M |
| 净利润 | $-23.0M | $-44.9M |
| 毛利率 | — | 26.4% |
| 营业利润率 | — | -10.2% |
| 净利率 | -18.1% | -20.7% |
| 营收同比 | 5.7% | 3.1% |
| 净利润同比 | 57.1% | 47.4% |
| 每股收益（稀释后） | $-0.32 | $-0.41 |
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JBGSTLRY
| Q1 26 | $127.6M | — | ||
| Q4 25 | $127.6M | $217.5M | ||
| Q3 25 | $123.9M | $209.5M | ||
| Q2 25 | $126.5M | $224.5M | ||
| Q1 25 | $120.7M | $185.8M | ||
| Q4 24 | $130.8M | $210.9M | ||
| Q3 24 | $136.0M | $200.0M | ||
| Q2 24 | $135.3M | $229.9M |
净利润JBGSTLRY
| Q1 26 | $-23.0M | — | ||
| Q4 25 | $-45.5M | $-44.9M | ||
| Q3 25 | $-28.6M | $-322.0K | ||
| Q2 25 | $-19.2M | $-1.3B | ||
| Q1 25 | $-45.7M | $-789.4M | ||
| Q4 24 | $-59.9M | $-85.3M | ||
| Q3 24 | $-27.0M | $-39.2M | ||
| Q2 24 | $-24.4M | $-31.7M |
毛利率JBGSTLRY
| Q1 26 | — | — | ||
| Q4 25 | — | 26.4% | ||
| Q3 25 | — | 27.4% | ||
| Q2 25 | — | 30.1% | ||
| Q1 25 | — | 28.0% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | 35.8% |
营业利润率JBGSTLRY
| Q1 26 | — | — | ||
| Q4 25 | -47.5% | -10.2% | ||
| Q3 25 | -27.5% | 1.0% | ||
| Q2 25 | -18.4% | -643.1% | ||
| Q1 25 | -44.7% | -409.0% | ||
| Q4 24 | -53.6% | -20.0% | ||
| Q3 24 | -22.4% | -18.3% | ||
| Q2 24 | -24.3% | -7.2% |
净利率JBGSTLRY
| Q1 26 | -18.1% | — | ||
| Q4 25 | -35.7% | -20.7% | ||
| Q3 25 | -23.1% | -0.2% | ||
| Q2 25 | -15.2% | -566.9% | ||
| Q1 25 | -37.9% | -424.9% | ||
| Q4 24 | -45.8% | -40.5% | ||
| Q3 24 | -19.8% | -19.6% | ||
| Q2 24 | -18.0% | -13.8% |
每股收益（稀释后）JBGSTLRY
| Q1 26 | $-0.32 | — | ||
| Q4 25 | $-0.76 | $-0.41 | ||
| Q3 25 | $-0.48 | $0.00 | ||
| Q2 25 | $-0.29 | $7.26 | ||
| Q1 25 | $-0.56 | $-8.69 | ||
| Q4 24 | $-0.70 | $-0.99 | ||
| Q3 24 | $-0.32 | $-0.04 | ||
| Q2 24 | $-0.27 | $-0.04 |
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 | — | $291.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $1.6B |
| 总资产 | $4.3B | $2.1B |
| 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JBGSTLRY
| Q1 26 | — | — | ||
| Q4 25 | $75.3M | $291.6M | ||
| Q3 25 | $64.4M | $264.8M | ||
| Q2 25 | $61.4M | $256.4M | ||
| Q1 25 | $81.3M | — | ||
| Q4 24 | $145.8M | $252.2M | ||
| Q3 24 | $137.0M | $280.1M | ||
| Q2 24 | $163.5M | $260.5M |
股东权益JBGSTLRY
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.6B | $2.7B | ||
| Q4 24 | $1.8B | $3.5B | ||
| Q3 24 | $1.9B | $3.5B | ||
| Q2 24 | $2.0B | $3.4B |
总资产JBGSTLRY
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.4B | $2.1B | ||
| Q3 25 | $4.4B | $2.1B | ||
| Q2 25 | $4.5B | $2.1B | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $5.0B | $4.2B | ||
| Q3 24 | $5.2B | $4.3B | ||
| Q2 24 | $5.3B | $4.2B |
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 | — | $-8.5M |
| 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JBGSTLRY
| Q1 26 | — | — | ||
| Q4 25 | $73.3M | $-8.5M | ||
| Q3 25 | $8.9M | $-1.3M | ||
| Q2 25 | $18.8M | $-12.8M | ||
| Q1 25 | $12.9M | $-5.8M | ||
| Q4 24 | $129.4M | $-40.7M | ||
| Q3 24 | $26.4M | $-35.3M | ||
| Q2 24 | $23.8M | $30.7M |
自由现金流JBGSTLRY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-19.1M | ||
| Q1 25 | — | $-20.2M | ||
| Q4 24 | — | $-46.2M | ||
| Q3 24 | — | $-42.0M | ||
| Q2 24 | — | $21.0M |
自由现金流率JBGSTLRY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -8.5% | ||
| Q1 25 | — | -10.9% | ||
| Q4 24 | — | -21.9% | ||
| Q3 24 | — | -21.0% | ||
| Q2 24 | — | 9.1% |
资本支出强度JBGSTLRY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 4.2% |
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% |
TLRY
| Adultuse Cannabis Products | $62.4M | 29% |
| Other | $59.2M | 27% |
| Beverage Alcohol Business | $53.6M | 25% |
| International Cannabis Products | $20.2M | 9% |
| Wellness Business | $14.6M | 7% |
| Medical Cannabis Products | $6.2M | 3% |
| Wholesale Cannabis Products | $1.3M | 1% |
