What is Jbg Smith Proper's earnings per share (EPS)?

Jbg Smith Proper (JBGS) reported diluted earnings per share of $-2.09 for fiscal year 2025. This represents a -26.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Jbg Smith Proper Financials

JBGS

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Jbg Smith Proper (JBGS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

Jbg Smith Proper passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-0.53x

For every $1 of reported earnings, Jbg Smith Proper generates $-0.53 in operating cash flow ($73.3M OCF vs -$139.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$498.6M

YoY-8.9%

5Y CAGR-3.7%

10Y CAGR+0.6%

Jbg Smith Proper generated $498.6M in revenue in fiscal year 2025. This represents a decrease of 8.9% from the prior year.

EBITDA

N/A

Net Income

-$139.1M

YoY+3.1%

Jbg Smith Proper reported -$139.1M in net income in fiscal year 2025. This represents an increase of 3.1% from the prior year.

EPS (Diluted)

$-2.09

YoY-26.7%

Jbg Smith Proper earned $-2.09 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 26.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$75.3M

YoY-48.4%

5Y CAGR-19.7%

10Y CAGR+0.0%

Jbg Smith Proper held $75.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.70

YoY-20.0%

5Y CAGR-4.9%

Jbg Smith Proper paid $0.70 per share in dividends in fiscal year 2025. This represents a decrease of 20.0% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-27.9%

YoY-1.7pp

5Y CAGR-17.5pp

10Y CAGR-38.4pp

Jbg Smith Proper's net profit margin was -27.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.7 percentage points from the prior year.

Return on Equity

-12.0%

YoY-4.1pp

5Y CAGR-10.1pp

10Y CAGR-14.4pp

Jbg Smith Proper's ROE was -12.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$443.7M

YoY+159.8%

5Y CAGR+33.5%

Jbg Smith Proper spent $443.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 159.8% from the prior year.

Capital Expenditures

N/A

JBGS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$498.6M-8.9%	$547.3M-9.4%	$604.2M-0.3%	$605.8M-4.5%	$634.4M+5.2%	$602.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$142.0M+5.9%	$134.1M+23.4%	$108.7M+43.1%	$75.9M+11.7%	$68.0M+9.0%	$62.3M
Income Tax	-$3.8M-602.6%	$762K+357.4%	-$296K-123.4%	$1.3M-64.3%	$3.5M+183.0%	-$4.3M
Net Income	-$139.1M+3.1%	-$143.5M-79.5%	-$80.0M-193.7%	$85.4M+207.7%	-$79.3M-27.2%	-$62.3M
EPS (Diluted)	$-2.09-26.7%	$-1.65-111.5%	$-0.78-211.4%	$0.70+211.1%	$-0.63-28.6%	$-0.49

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$127.6M+3.0%	$123.9M-2.1%	$126.5M+4.8%	$120.7M-7.7%	$130.8M-3.9%	$136.0M+0.5%	$135.3M-6.8%	$145.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$36.5M+4.9%	$34.8M-2.2%	$35.6M+1.1%	$35.2M-4.0%	$36.7M+4.0%	$35.3M+10.3%	$32.0M+6.0%	$30.2M
Income Tax	-$4.5M-583.0%	$926K+1215.7%	-$83K+58.5%	-$200K-124.9%	$802K-3.5%	$831K+39.2%	$597K+140.7%	-$1.5M
Net Income	-$45.5M-59.5%	-$28.6M-48.4%	-$19.2M+57.9%	-$45.7M+23.7%	-$59.9M-122.0%	-$27.0M-10.7%	-$24.4M+24.5%	-$32.3M
EPS (Diluted)	N/A	$-0.48-65.5%	$-0.29+48.2%	$-0.56	N/A	$-0.32-18.5%	$-0.27+25.0%	$-0.36

JBGS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.4B-12.6%	$5.0B-9.0%	$5.5B-6.5%	$5.9B-7.6%	$6.4B+5.0%	$6.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$75.3M-48.4%	$145.8M-11.5%	$164.8M-31.7%	$241.1M-8.8%	$264.4M+17.2%	$225.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$12.2M-9.9%	$13.5M-56.4%	$30.9M-14.8%	$36.3M+15.1%	$31.5M-19.4%	$39.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.7B-2.5%	$2.8B-1.3%	$2.8B+4.4%	$2.7B-7.4%	$2.9B+24.9%	$2.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.2B-36.0%	$1.8B-18.6%	$2.2B-17.1%	$2.7B-8.0%	$2.9B-9.0%	$3.2B
Retained Earnings	-$1.2B-18.4%	-$997.3M-28.4%	-$777.0M-23.6%	-$628.6M-3.2%	-$609.3M-47.6%	-$412.9M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$4.4B-0.7%	$4.4B-2.9%	$4.5B-3.9%	$4.7B-5.7%	$5.0B-3.1%	$5.2B-2.7%	$5.3B-1.5%	$5.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$75.3M+16.8%	$64.4M+4.9%	$61.4M-24.5%	$81.3M-44.2%	$145.8M+6.4%	$137.0M-16.2%	$163.5M-25.8%	$220.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$12.2M	N/A	N/A	N/A	$13.5M	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.7B+2.2%	$2.7B-0.9%	$2.7B-2.2%	$2.7B-1.6%	$2.8B-1.9%	$2.8B-0.4%	$2.9B+2.1%	$2.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.2B-2.8%	$1.2B-10.0%	$1.3B-15.8%	$1.6B-13.2%	$1.8B-3.9%	$1.9B-6.8%	$2.0B-6.0%	$2.1B
Retained Earnings	-$1.2B-6.0%	-$1.1B-3.7%	-$1.1B-3.0%	-$1.0B-4.6%	-$997.3M-9.9%	-$907.8M-4.9%	-$865.8M-4.9%	-$825.3M

JBGS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$73.3M-43.4%	$129.4M-29.4%	$183.4M+3.0%	$178.0M-18.2%	$217.6M+28.8%	$169.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$357.3M+147.9%	$144.2M+246.8%	-$98.2M-118.7%	$524.0M+242.1%	-$368.7M-119.9%	-$167.7M
Financing Cash Flow	-$510.5M-75.5%	-$290.8M-83.1%	-$158.8M+78.2%	-$730.1M-484.5%	$189.9M+58.9%	$119.5M
Dividends Paid	$48.4M-21.9%	$62.0M-34.0%	$94.0M-12.7%	$107.7M-8.8%	$118.1M-1.6%	$120.0M
Share Buybacks	$443.7M+159.8%	$170.8M-49.1%	$335.3M-7.1%	$361.0M+129.0%	$157.7M+50.5%	$104.8M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$32.6M+267.8%	$8.9M-52.8%	$18.8M+45.5%	$12.9M-69.4%	$42.2M+60.0%	$26.4M+11.0%	$23.8M-35.8%	$37.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$39.8M-131.5%	$126.4M+15.5%	$109.4M-32.2%	$161.3M+161.3%	$61.7M+202.3%	$20.4M+133.2%	-$61.6M-149.8%	$123.6M
Financing Cash Flow	$22.7M+116.4%	-$138.5M+12.1%	-$157.6M+33.5%	-$237.1M-160.9%	-$90.9M-10.1%	-$82.6M-399.6%	-$16.5M+83.6%	-$100.8M
Dividends Paid	$10.4M-4.1%	$10.8M-12.9%	$12.4M-15.9%	$14.8M-0.2%	$14.8M-1.3%	$15.0M-6.8%	$16.1M+0.2%	$16.1M
Share Buybacks	$7.9M-87.5%	$62.9M-72.1%	$225.3M+52.6%	$147.6M+6052.3%	$2.4M-95.4%	$52.0M-22.3%	$66.9M+35.3%	$49.4M

JBGS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-27.9%-1.7pp	-26.2%-13.0pp	-13.2%-27.3pp	14.1%+26.6pp	-12.5%-2.1pp	-10.3%
Return on Equity	-12.0%-4.1pp	-7.9%-4.3pp	-3.6%-6.8pp	3.2%+5.9pp	-2.7%-0.8pp	-1.9%
Return on Assets	-3.2%-0.3pp	-2.9%-1.4pp	-1.5%-2.9pp	1.5%+2.7pp	-1.2%-0.2pp	-1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.35+0.8	1.54+0.3	1.27+0.3	1.010.0	1.00+0.3	0.73
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-35.7%-12.7pp	-23.1%-7.8pp	-15.2%+22.7pp	-37.9%+7.9pp	-45.8%-26.0pp	-19.8%-1.8pp	-18.0%+4.2pp	-22.2%
Return on Equity	-3.9%-1.5pp	-2.4%-0.9pp	-1.5%+1.5pp	-2.9%+0.4pp	-3.3%-1.9pp	-1.4%-0.2pp	-1.2%+0.3pp	-1.5%
Return on Assets	-1.0%-0.4pp	-0.7%-0.2pp	-0.4%+0.6pp	-1.0%+0.2pp	-1.2%-0.7pp	-0.5%-0.1pp	-0.5%+0.1pp	-0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.35+0.1	2.23+0.2	2.03+0.3	1.75+0.2	1.54+0.0	1.51+0.1	1.41+0.1	1.30
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Jbg Smith Proper's annual revenue?

Jbg Smith Proper (JBGS) reported $498.6M in total revenue for fiscal year 2025. This represents a -8.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Jbg Smith Proper's revenue growing?

Jbg Smith Proper (JBGS) revenue declined by 8.9% year-over-year, from $547.3M to $498.6M in fiscal year 2025.

Is Jbg Smith Proper profitable?

No, Jbg Smith Proper (JBGS) reported a net income of -$139.1M in fiscal year 2025, with a net profit margin of -27.9%.

What is Jbg Smith Proper's net profit margin?

Jbg Smith Proper (JBGS) had a net profit margin of -27.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Jbg Smith Proper pay dividends?

Yes, Jbg Smith Proper (JBGS) paid $0.70 per share in dividends during fiscal year 2025.

What is Jbg Smith Proper's return on equity (ROE)?

Jbg Smith Proper (JBGS) has a return on equity of -12.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Jbg Smith Proper's operating cash flow?

Jbg Smith Proper (JBGS) generated $73.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Jbg Smith Proper's total assets?

Jbg Smith Proper (JBGS) had $4.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Jbg Smith Proper buy back shares?

Yes, Jbg Smith Proper (JBGS) spent $443.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Jbg Smith Proper's debt-to-equity ratio?

Jbg Smith Proper (JBGS) had a debt-to-equity ratio of 2.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Jbg Smith Proper's return on assets (ROA)?

Jbg Smith Proper (JBGS) had a return on assets of -3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Jbg Smith Proper's Piotroski F-Score?

Jbg Smith Proper (JBGS) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Jbg Smith Proper's earnings high quality?

Jbg Smith Proper (JBGS) has an earnings quality ratio of -0.53x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.