vs
JBG SMITH Properties（JBGS）与Wingstop Inc.（WING）财务数据对比。点击上方公司名可切换其他公司
Wingstop Inc.的季度营收约是JBG SMITH Properties的1.4倍（$175.7M vs $127.6M），Wingstop Inc.净利率更高（15.2% vs -35.7%，领先50.9%），Wingstop Inc.同比增速更快（8.6% vs -2.5%），过去两年Wingstop Inc.的营收复合增速更高（9.8% 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。
Wingstop Inc.是美国知名跨国快餐连锁品牌，核心产品为布法罗鸡翅，旗下门店均采用20世纪30至40年代喷气时代前的航空主题装饰风格，目前业务已覆盖全球多个国家和地区。
JBGS vs WING — 直观对比
营收规模更大
WING
是对方的1.4倍
$127.6M
营收增速更快
WING
高出11.0%
-2.5%
净利率更高
WING
高出50.9%
-35.7%
两年增速更快
WING
近两年复合增速
-6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $175.7M |
| 净利润 | $-45.5M | $26.8M |
| 毛利率 | — | — |
| 营业利润率 | -47.5% | 26.7% |
| 净利率 | -35.7% | 15.2% |
| 营收同比 | -2.5% | 8.6% |
| 净利润同比 | 24.0% | 0.0% |
| 每股收益（稀释后） | $-0.76 | $0.99 |
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JBGSWING
| Q4 25 | $127.6M | $175.7M | ||
| Q3 25 | $123.9M | $175.7M | ||
| Q2 25 | $126.5M | $174.3M | ||
| Q1 25 | $120.7M | $171.1M | ||
| Q4 24 | $130.8M | $161.8M | ||
| Q3 24 | $136.0M | $162.5M | ||
| Q2 24 | $135.3M | $155.7M | ||
| Q1 24 | $145.2M | $145.8M |
净利润JBGSWING
| Q4 25 | $-45.5M | $26.8M | ||
| Q3 25 | $-28.6M | $28.5M | ||
| Q2 25 | $-19.2M | $26.8M | ||
| Q1 25 | $-45.7M | $92.3M | ||
| Q4 24 | $-59.9M | $26.8M | ||
| Q3 24 | $-27.0M | $25.7M | ||
| Q2 24 | $-24.4M | $27.5M | ||
| Q1 24 | $-32.3M | $28.7M |
毛利率JBGSWING
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 85.4% | ||
| Q1 24 | — | 85.4% |
营业利润率JBGSWING
| Q4 25 | -47.5% | 26.7% | ||
| Q3 25 | -27.5% | 27.9% | ||
| Q2 25 | -18.4% | 25.9% | ||
| Q1 25 | -44.7% | 22.4% | ||
| Q4 24 | -53.6% | 25.9% | ||
| Q3 24 | -22.4% | 24.5% | ||
| Q2 24 | -24.3% | 26.5% | ||
| Q1 24 | -30.1% | 29.3% |
净利率JBGSWING
| Q4 25 | -35.7% | 15.2% | ||
| Q3 25 | -23.1% | 16.2% | ||
| Q2 25 | -15.2% | 15.4% | ||
| Q1 25 | -37.9% | 53.9% | ||
| Q4 24 | -45.8% | 16.5% | ||
| Q3 24 | -19.8% | 15.8% | ||
| Q2 24 | -18.0% | 17.7% | ||
| Q1 24 | -22.2% | 19.7% |
每股收益（稀释后）JBGSWING
| Q4 25 | $-0.76 | $0.99 | ||
| Q3 25 | $-0.48 | $1.02 | ||
| Q2 25 | $-0.29 | $0.96 | ||
| Q1 25 | $-0.56 | $3.24 | ||
| Q4 24 | $-0.70 | $0.91 | ||
| Q3 24 | $-0.32 | $0.88 | ||
| Q2 24 | $-0.27 | $0.93 | ||
| Q1 24 | $-0.36 | $0.98 |
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 | $196.6M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $1.2B | $-736.8M |
| 总资产 | $4.4B | $693.4M |
| 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JBGSWING
| Q4 25 | $75.3M | $196.6M | ||
| Q3 25 | $64.4M | $237.6M | ||
| Q2 25 | $61.4M | $227.9M | ||
| Q1 25 | $81.3M | $251.4M | ||
| Q4 24 | $145.8M | $315.9M | ||
| Q3 24 | $137.0M | $84.0M | ||
| Q2 24 | $163.5M | $96.7M | ||
| Q1 24 | $220.5M | $108.3M |
总债务JBGSWING
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益JBGSWING
| Q4 25 | $1.2B | $-736.8M | ||
| Q3 25 | $1.2B | $-702.6M | ||
| Q2 25 | $1.3B | $-686.0M | ||
| Q1 25 | $1.6B | $-715.0M | ||
| Q4 24 | $1.8B | $-675.6M | ||
| Q3 24 | $1.9B | $-447.5M | ||
| Q2 24 | $2.0B | $-437.5M | ||
| Q1 24 | $2.1B | $-434.4M |
总资产JBGSWING
| Q4 25 | $4.4B | $693.4M | ||
| Q3 25 | $4.4B | $721.0M | ||
| Q2 25 | $4.5B | $708.3M | ||
| Q1 25 | $4.7B | $696.8M | ||
| Q4 24 | $5.0B | $716.2M | ||
| Q3 24 | $5.2B | $484.8M | ||
| Q2 24 | $5.3B | $451.8M | ||
| Q1 24 | $5.4B | $412.3M |
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 | $57.3M |
| 自由现金流经营现金流 - 资本支出 | — | $34.5M |
| 自由现金流率自由现金流/营收 | — | 19.6% |
| 资本支出强度资本支出/营收 | — | 13.0% |
| 现金转化率经营现金流/净利润 | — | 2.14× |
| 过去12个月自由现金流最近4个季度 | — | $105.6M |
8季度趋势，按日历期对齐
经营现金流JBGSWING
| Q4 25 | $73.3M | $57.3M | ||
| Q3 25 | $8.9M | $63.9M | ||
| Q2 25 | $18.8M | $6.6M | ||
| Q1 25 | $12.9M | $25.3M | ||
| Q4 24 | $129.4M | $7.7M | ||
| Q3 24 | $26.4M | $69.0M | ||
| Q2 24 | $23.8M | $36.2M | ||
| Q1 24 | $37.0M | $44.7M |
自由现金流JBGSWING
| Q4 25 | — | $34.5M | ||
| Q3 25 | — | $61.7M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | — | $54.9M | ||
| Q2 24 | — | $25.9M | ||
| Q1 24 | — | $33.5M |
自由现金流率JBGSWING
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | — | 16.6% | ||
| Q1 24 | — | 23.0% |
资本支出强度JBGSWING
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 7.7% |
现金转化率JBGSWING
| Q4 25 | — | 2.14× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 2.68× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 1.55× |
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
WING
| Royalty | $73.7M | 42% |
| Advertising | $61.4M | 35% |
| Franchisor Owned Outlet | $32.4M | 18% |
| Other | $6.4M | 4% |
| Franchise | $1.8M | 1% |
