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JBG SMITH Properties（JBGS）与ZIPRECRUITER, INC.（ZIP）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ZIPRECRUITER, INC.的1.1倍（$127.6M vs $111.7M），ZIPRECRUITER, INC.净利率更高（-0.7% vs -18.1%，领先17.3%），JBG SMITH Properties同比增速更快（5.7% vs 0.6%），过去两年JBG SMITH Properties的营收复合增速更高（-2.9% vs -4.4%）
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。
ZipRecruiter, Inc.是一家美国线上招聘平台企业，主打面向求职者与招聘方的求职招聘匹配服务，为双方提供高效对接的人才服务市场，帮助求职者快速找到适配岗位，也助力企业高效完成招聘需求。
JBGS vs ZIP — 直观对比
营收规模更大
JBGS
是对方的1.1倍
$111.7M
营收增速更快
JBGS
高出5.1%
0.6%
净利率更高
ZIP
高出17.3%
-18.1%
两年增速更快
JBGS
近两年复合增速
-4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $127.6M | $111.7M |
| 净利润 | $-23.0M | $-835.0K |
| 毛利率 | — | 89.1% |
| 营业利润率 | — | 3.6% |
| 净利率 | -18.1% | -0.7% |
| 营收同比 | 5.7% | 0.6% |
| 净利润同比 | 57.1% | 92.3% |
| 每股收益（稀释后） | $-0.32 | $-0.03 |
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JBGSZIP
| Q1 26 | $127.6M | — | ||
| Q4 25 | $127.6M | $111.7M | ||
| Q3 25 | $123.9M | $115.0M | ||
| Q2 25 | $126.5M | $112.2M | ||
| Q1 25 | $120.7M | $110.1M | ||
| Q4 24 | $130.8M | $111.0M | ||
| Q3 24 | $136.0M | $117.1M | ||
| Q2 24 | $135.3M | $123.7M |
净利润JBGSZIP
| Q1 26 | $-23.0M | — | ||
| Q4 25 | $-45.5M | $-835.0K | ||
| Q3 25 | $-28.6M | $-9.8M | ||
| Q2 25 | $-19.2M | $-9.5M | ||
| Q1 25 | $-45.7M | $-12.8M | ||
| Q4 24 | $-59.9M | $-10.8M | ||
| Q3 24 | $-27.0M | $-2.6M | ||
| Q2 24 | $-24.4M | $7.0M |
毛利率JBGSZIP
| Q1 26 | — | — | ||
| Q4 25 | — | 89.1% | ||
| Q3 25 | — | 89.1% | ||
| Q2 25 | — | 89.3% | ||
| Q1 25 | — | 89.4% | ||
| Q4 24 | — | 89.6% | ||
| Q3 24 | — | 89.4% | ||
| Q2 24 | — | 89.5% |
营业利润率JBGSZIP
| Q1 26 | — | — | ||
| Q4 25 | -47.5% | 3.6% | ||
| Q3 25 | -27.5% | -4.4% | ||
| Q2 25 | -18.4% | -5.9% | ||
| Q1 25 | -44.7% | -10.6% | ||
| Q4 24 | -53.6% | -3.6% | ||
| Q3 24 | -22.4% | -2.8% | ||
| Q2 24 | -24.3% | 7.6% |
净利率JBGSZIP
| Q1 26 | -18.1% | — | ||
| Q4 25 | -35.7% | -0.7% | ||
| Q3 25 | -23.1% | -8.5% | ||
| Q2 25 | -15.2% | -8.5% | ||
| Q1 25 | -37.9% | -11.7% | ||
| Q4 24 | -45.8% | -9.7% | ||
| Q3 24 | -19.8% | -2.2% | ||
| Q2 24 | -18.0% | 5.7% |
每股收益（稀释后）JBGSZIP
| Q1 26 | $-0.32 | — | ||
| Q4 25 | $-0.76 | $-0.03 | ||
| Q3 25 | $-0.48 | $-0.11 | ||
| Q2 25 | $-0.29 | $-0.10 | ||
| Q1 25 | $-0.56 | $-0.13 | ||
| Q4 24 | $-0.70 | $-0.10 | ||
| Q3 24 | $-0.32 | $-0.03 | ||
| Q2 24 | $-0.27 | $0.07 |
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 | — | $188.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $-77.2M |
| 总资产 | $4.3B | $569.7M |
| 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JBGSZIP
| Q1 26 | — | — | ||
| Q4 25 | $75.3M | $188.0M | ||
| Q3 25 | $64.4M | $211.8M | ||
| Q2 25 | $61.4M | $203.5M | ||
| Q1 25 | $81.3M | $221.1M | ||
| Q4 24 | $145.8M | $218.4M | ||
| Q3 24 | $137.0M | $225.6M | ||
| Q2 24 | $163.5M | $271.7M |
股东权益JBGSZIP
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $-77.2M | ||
| Q3 25 | $1.2B | $-76.1M | ||
| Q2 25 | $1.3B | $-65.9M | ||
| Q1 25 | $1.6B | $-11.3M | ||
| Q4 24 | $1.8B | $13.4M | ||
| Q3 24 | $1.9B | $13.6M | ||
| Q2 24 | $2.0B | $24.4M |
总资产JBGSZIP
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.4B | $569.7M | ||
| Q3 25 | $4.4B | $573.6M | ||
| Q2 25 | $4.5B | $592.4M | ||
| Q1 25 | $4.7B | $629.4M | ||
| Q4 24 | $5.0B | $664.1M | ||
| Q3 24 | $5.2B | $652.0M | ||
| Q2 24 | $5.3B | $665.3M |
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 | — | $7.7M |
| 自由现金流经营现金流 - 资本支出 | — | $7.6M |
| 自由现金流率自由现金流/营收 | — | 6.8% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | $9.9M |
8季度趋势，按日历期对齐
经营现金流JBGSZIP
| Q1 26 | — | — | ||
| Q4 25 | $73.3M | $7.7M | ||
| Q3 25 | $8.9M | $2.6M | ||
| Q2 25 | $18.8M | $10.5M | ||
| Q1 25 | $12.9M | $-9.9M | ||
| Q4 24 | $129.4M | $12.5M | ||
| Q3 24 | $26.4M | $9.3M | ||
| Q2 24 | $23.8M | $21.9M |
自由现金流JBGSZIP
| Q1 26 | — | — | ||
| Q4 25 | — | $7.6M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $10.2M | ||
| Q1 25 | — | $-10.2M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | — | $9.2M | ||
| Q2 24 | — | $21.7M |
自由现金流率JBGSZIP
| Q1 26 | — | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | -9.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 17.6% |
资本支出强度JBGSZIP
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% |
现金转化率JBGSZIP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.12× |
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% |
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
