The Filing Desk

Highwoods Properties vs JBG Smith

Highwoods Properties HIW · JBG Smith JBGS · Office REITs

Highwoods Properties reported revenue of $806 million in fiscal 2025, 1.6 times JBG Smith's $499 million in fiscal 2025. Highwoods Properties' revenue fell 2.4% in its latest year, and JBG Smith's fell 8.9%.

Side by side

Highwoods PropertiesJBG Smith
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$806M$499M
Revenue growth−2.4%−8.9%
Revenue growth a year, last 5 years1.8%−3.7%
Gross margin——
Operating margin67.6%—
Net margin20.2%−27.9%
Free cash flow——
Free cash flow margin——
Return on capital——
Net debt to EBITDA——
Dividends and buybacks$217M$492M
Change in diluted share count2.1%−23.7%
Last close$31.47$12.44
P/E at the last close37.5×—
Insider trades, last 12 months—sold $477,068
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Highwoods PropertiesJBG Smith
Operating margin
Percent of revenue
Highwoods PropertiesJBG Smith
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Highwoods PropertiesJBG Smith

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Highwoods Properties and JBG Smith pages.