vs
JBG SMITH Properties（JBGS）与Turning Point Brands, Inc.（TPB）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Turning Point Brands, Inc.的1.1倍（$127.6M vs $121.0M），Turning Point Brands, Inc.净利率更高（6.8% vs -18.1%，领先24.8%），Turning Point Brands, Inc.同比增速更快（29.2% vs 5.7%），过去两年Turning Point Brands, Inc.的营收复合增速更高（20.7% 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。
Turning Point Australia（TPAUS）是一家位于澳大利亚的保守派游说团体，隶属于美国转折点组织但保持独立运营，由乔尔·贾马尔创立并于2023年完成注册。该团体目前正积极行动，试图影响2026年3月举行的南澳大利亚州选举结果。
JBGS vs TPB — 直观对比
营收规模更大
JBGS
是对方的1.1倍
$121.0M
营收增速更快
TPB
高出23.5%
5.7%
净利率更高
TPB
高出24.8%
-18.1%
两年增速更快
TPB
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $121.0M |
| 净利润 | $-23.0M | $8.2M |
| 毛利率 | — | 55.9% |
| 营业利润率 | — | 16.5% |
| 净利率 | -18.1% | 6.8% |
| 营收同比 | 5.7% | 29.2% |
| 净利润同比 | 57.1% | 239.8% |
| 每股收益（稀释后） | $-0.32 | $0.40 |
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JBGSTPB
| Q1 26 | $127.6M | — | ||
| Q4 25 | $127.6M | $121.0M | ||
| Q3 25 | $123.9M | $119.0M | ||
| Q2 25 | $126.5M | $116.6M | ||
| Q1 25 | $120.7M | $106.4M | ||
| Q4 24 | $130.8M | $93.7M | ||
| Q3 24 | $136.0M | $90.7M | ||
| Q2 24 | $135.3M | $93.2M |
净利润JBGSTPB
| Q1 26 | $-23.0M | — | ||
| Q4 25 | $-45.5M | $8.2M | ||
| Q3 25 | $-28.6M | $21.1M | ||
| Q2 25 | $-19.2M | $14.5M | ||
| Q1 25 | $-45.7M | $14.4M | ||
| Q4 24 | $-59.9M | $2.4M | ||
| Q3 24 | $-27.0M | $12.4M | ||
| Q2 24 | $-24.4M | $13.0M |
毛利率JBGSTPB
| Q1 26 | — | — | ||
| Q4 25 | — | 55.9% | ||
| Q3 25 | — | 59.2% | ||
| Q2 25 | — | 57.1% | ||
| Q1 25 | — | 56.0% | ||
| Q4 24 | — | 56.0% | ||
| Q3 24 | — | 55.6% | ||
| Q2 24 | — | 54.1% |
营业利润率JBGSTPB
| Q1 26 | — | — | ||
| Q4 25 | -47.5% | 16.5% | ||
| Q3 25 | -27.5% | 21.8% | ||
| Q2 25 | -18.4% | 22.6% | ||
| Q1 25 | -44.7% | 21.8% | ||
| Q4 24 | -53.6% | 19.1% | ||
| Q3 24 | -22.4% | 22.9% | ||
| Q2 24 | -24.3% | 24.5% |
净利率JBGSTPB
| Q1 26 | -18.1% | — | ||
| Q4 25 | -35.7% | 6.8% | ||
| Q3 25 | -23.1% | 17.7% | ||
| Q2 25 | -15.2% | 12.4% | ||
| Q1 25 | -37.9% | 13.5% | ||
| Q4 24 | -45.8% | 2.6% | ||
| Q3 24 | -19.8% | 13.6% | ||
| Q2 24 | -18.0% | 14.0% |
每股收益（稀释后）JBGSTPB
| Q1 26 | $-0.32 | — | ||
| Q4 25 | $-0.76 | $0.40 | ||
| Q3 25 | $-0.48 | $1.13 | ||
| Q2 25 | $-0.29 | $0.79 | ||
| Q1 25 | $-0.56 | $0.79 | ||
| Q4 24 | $-0.70 | $0.15 | ||
| Q3 24 | $-0.32 | $0.68 | ||
| Q2 24 | $-0.27 | $0.68 |
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 | — | $222.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $372.0M |
| 总资产 | $4.3B | $763.8M |
| 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JBGSTPB
| Q1 26 | — | — | ||
| Q4 25 | $75.3M | $222.8M | ||
| Q3 25 | $64.4M | $201.2M | ||
| Q2 25 | $61.4M | $109.9M | ||
| Q1 25 | $81.3M | $99.6M | ||
| Q4 24 | $145.8M | $48.9M | ||
| Q3 24 | $137.0M | $33.6M | ||
| Q2 24 | $163.5M | $142.2M |
股东权益JBGSTPB
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $372.0M | ||
| Q3 25 | $1.2B | $358.2M | ||
| Q2 25 | $1.3B | $224.8M | ||
| Q1 25 | $1.6B | $203.4M | ||
| Q4 24 | $1.8B | $190.4M | ||
| Q3 24 | $1.9B | $185.7M | ||
| Q2 24 | $2.0B | $172.8M |
总资产JBGSTPB
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.4B | $763.8M | ||
| Q3 25 | $4.4B | $742.8M | ||
| Q2 25 | $4.5B | $595.8M | ||
| Q1 25 | $4.7B | $564.6M | ||
| Q4 24 | $5.0B | $493.4M | ||
| Q3 24 | $5.2B | $488.0M | ||
| Q2 24 | $5.3B | $591.6M |
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 | — | $24.9M |
| 自由现金流经营现金流 - 资本支出 | — | $21.5M |
| 自由现金流率自由现金流/营收 | — | 17.8% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | — | 3.03× |
| 过去12个月自由现金流最近4个季度 | — | $43.8M |
8季度趋势，按日历期对齐
经营现金流JBGSTPB
| Q1 26 | — | — | ||
| Q4 25 | $73.3M | $24.9M | ||
| Q3 25 | $8.9M | $3.3M | ||
| Q2 25 | $18.8M | $11.8M | ||
| Q1 25 | $12.9M | $17.4M | ||
| Q4 24 | $129.4M | $17.7M | ||
| Q3 24 | $26.4M | $13.2M | ||
| Q2 24 | $23.8M | $13.4M |
自由现金流JBGSTPB
| Q1 26 | — | — | ||
| Q4 25 | — | $21.5M | ||
| Q3 25 | — | $-721.0K | ||
| Q2 25 | — | $7.8M | ||
| Q1 25 | — | $15.2M | ||
| Q4 24 | — | $16.6M | ||
| Q3 24 | — | $12.6M | ||
| Q2 24 | — | $10.9M |
自由现金流率JBGSTPB
| Q1 26 | — | — | ||
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | -0.6% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 11.7% |
资本支出强度JBGSTPB
| Q1 26 | — | — | ||
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 2.7% |
现金转化率JBGSTPB
| Q1 26 | — | — | ||
| Q4 25 | — | 3.03× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.82× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | 7.34× | ||
| Q3 24 | — | 1.07× | ||
| Q2 24 | — | 1.03× |
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% |
TPB
| US | $111.5M | 92% |
| Non Us | $9.6M | 8% |
