JBGS vs BXP vs HIW Stock Comparison

JBG SMITH Properties, Bxp and Highwoods Properties Prices as of Oct 28, 2026 Peers: Industry group
JBGS JBG SMITH Properties
$11.56 +13.4% 1M -45.9% 1Y
Market cap
$694.75M
P/E
–
Revenue (TTM)
$508.41M
Div. yield
0.06%
Office REITs Real Estate
BXP BXP, Inc.
$61.47 -1.6% 1M -17.0% 1Y
Market cap
$9.86B
P/E
33.2x
Revenue (TTM)
$3.52B
Div. yield
–
Office REITs Real Estate
4 wins

Head to Head

11 decided of 12

Highwoods Properties leads on 7 of the 12 questions below (Highwoods Properties 7, Bxp 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionJBGSBXPHIWLeader
Larger companyMarket capitalisation $694.75M $9.86B $3.30B BXP
Cheaper on earningsLower P/E, profitable companies only -4.5x 33.2x 17.8x HIW
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 30.4x 25.6x HIW
Faster revenue growthRevenue growth, trailing twelve months -1.1% +1.9% +5.4% HIW
More profitableNet margin, trailing twelve months -30.3% 8.4% 21.7% HIW
Better return on capitalReturn on invested capital -1.3% — — –
Less leveragedLower net debt / EBITDA 16.9x 7.5x — BXP
Higher dividend yieldTrailing dividend yield 0.06% 0.00% 0.07% HIW
Better 1-year returnPrice return, last 12 months -45.9% -17.0% -1.1% HIW
Better 5-year returnAnnualised price return, 5 years -16.7%/yr -11.6%/yr -8.2%/yr HIW
Less volatileAnnualised volatility, 1 year 34.7% 28.2% 29.4% BXP
Higher overall scoreMean of the five percentile scores vs peers 25/100 51/100 48/100 BXP

Percentile Scorecard

JBGSBXPHIW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisJBGSBXPHIW
Valuation 33 #97 of 145 72 #41 of 145 54 #67 of 145
Growth 12 #125 of 142 43 #81 of 142 36 #91 of 142
Profitability 4 #130 of 135 68 #44 of 135 61 #53 of 135
Financial Health 11 #121 of 136 22 #106 of 136 31 #94 of 136
Shareholder Returns 62 #50 of 131 50 #66 of 131 58 #56 of 131
Overall 25 51 48
  • JBGS ranked among 149 companies in Property REITs
  • BXP ranked among 149 companies in Property REITs
  • HIW ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodJBGSBXPHIWSPY
1 month +13.4%-1.6%-0.6% +0.9%
3 months -20.4%-15.8%-15.1% +5.9%
6 months -22.5%+6.7%+23.1% +8.5%
Year to date -32.0%-8.9%+13.1% +13.3%
1 year -45.9%-17.0%-1.1% +12.4%
3 years -10.0%+17.3%+64.1% +88.1%
3 years, per year -3.4%+5.5%+18.0% +23.5%
5 years -59.9%-45.9%-34.9% +68.2%
5 years, per year -16.7%-11.6%-8.2% +11.0%
10 years —-48.3%-40.2% +263.4%
10 years, per year —-6.4%-5.0% +13.8%

Risk

MeasureJBGSBXPHIWSPY
Volatility, 1Y 34.7%28.2%29.4% 12.7%
Downside volatility, 1Y 40.3%29.9%32.1% 12.7%
Beta vs S&P 500, 1Y 0.170.670.55 1.00
Return / volatility, 1Y -1.32-0.60-0.04 0.98
Max drawdown, 5Y -67.3%-64.5%-62.9% -25.4%
From 52-week high -45.9%-17.0%-15.1% -0.9%
52-week high $21.35$74.09$34.39 $779.14
52-week low $10.05$51.02$20.58 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleJBGSBXPHIW
P/E now vs peer median -4.4xmedian 25.8x 33.0xmedian 25.8x 17.4xmedian 25.8x
P/S now vs peer median 1.7xmedian 4.0x 2.8xmedian 4.0x 3.8xmedian 4.0x
EV/EBITDA now vs peer median 22.8xmedian 14.2x 12.7xmedian 14.2x —median 14.2x
P/FCF now vs peer median -13.0xmedian 23.0x -97.9xmedian 23.0x -8.8xmedian 23.0x
P/B now vs peer median 0.8xmedian 1.3x 1.3xmedian 1.3x 1.3xmedian 1.3x
PEG now vs peer median 0.04median 1.91 -1.40median 1.91 1.85median 1.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsJBGSBXPHIW
Revenue $508.41M $3.52B $851.95M
Gross profit – $3.48B –
Operating income – $957.71M –
Net income -$186.68M $408.55M $193.92M
Free cash flow -$66.16M -$100.19M -$366.24M
EPS (diluted) $-2.64 $1.86 $1.65
Cash & equivalents $74.80M $493.95M $279.21M
Total debt $10.02B $14.64B $3.51B
Shares (diluted) 58.28M 159.63M 112.32M
Enterprise value $400.46M $6.52B $2.82B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricJBGSBXPHIW
P/E -4.4x 33.0x 17.4x
P/FCF -13.0x -97.9x -8.8x
P/Operating cash flow 14.2x 7.6x 8.5x
P/S 1.7x 2.8x 3.8x
P/B 0.8x 1.3x 1.3x
P/Tangible book 0.8x 1.3x 1.4x
EV/EBITDA 22.8x 12.7x –
EV/EBIT -70.0x 25.0x –
EV/Revenue 6.5x 6.8x 7.6x
EV/FCF -50.1x -239.1x -17.6x
EV/Operating cash flow 54.6x 18.6x 17.0x
PEG (3Y EPS CAGR) 0.04 -1.40 1.85

Growth

14 metrics
MetricJBGSBXPHIW
Revenue growth (1Y) -1.1% 1.9% 5.4%
Revenue CAGR (3Y) -5.6% 3.2% 0.5%
Gross profit growth (1Y) – 1.9% –
Gross profit CAGR (3Y) – 3.2% –
Operating income growth (1Y) – -3.4% –
Operating income CAGR (3Y) – -1.5% –
Net income growth (1Y) -4.3% 432.8% 49.5%
Net income CAGR (3Y) -83.2% -20.7% 11.2%
EPS growth (1Y) -17.4% 5,891% 46.0%
EPS CAGR (3Y) -113.4% -23.6% 9.4%
Operating cash flow growth (1Y) -39.5% 4.2% 4.5%
Operating cash flow CAGR (3Y) -27.6% 0.1% -0.6%
Free cash flow growth (1Y) 42.6% -303.9% -176.2%
Free cash flow CAGR (3Y) 40.8% 27.3% -66.8%

Profitability

14 metrics
MetricJBGSBXPHIW
Gross margin – 99.0% –
EBITDA margin 28.6% 53.8% –
Operating margin – 27.2% –
Pretax margin -37.4% 10.2% –
Net margin -30.3% 8.4% 21.7%
FCF margin -13.0% -2.8% -43.0%
Operating cash flow margin 11.9% 36.5% 44.5%
Return on equity -16.8% 5.4% 7.5%
Return on assets -4.3% 1.6% 3.0%
Return on invested capital -1.3% – –
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -0.3x 3.1x 2.0x
Stock comp / revenue 5.3% 1.4% 1.1%

Financial Health

11 metrics
MetricJBGSBXPHIW
Debt / assets 59.4% 58.2% 54.5%
Debt / equity 2.3x 1.9x 1.4x
Net debt / EBITDA 16.9x 7.5x –
Debt / FCF -38.2x -146.1x -9.6x
Liabilities / assets 74.7% 69.3% 60.2%
Equity / assets 25.3% 30.7% 39.8%
Interest coverage -0.3x 1.5x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricJBGSBXPHIW
Dividend yield 6.0% 4.6% 6.8%
Net buyback yield 11.4% 0.0% -0.4%
Shareholder yield 17.4% 4.6% 6.5%
Payout ratio (earnings) -22.4% – 113.6%
Payout ratio (FCF) -63.3% – -60.1%
Dividend growth (1Y) -26.6% – 2.3%
Dividend CAGR (3Y) -25.4% – 1.5%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusJBGSBXPHIW
Forward P/E – 30.4xFY2026 25.6xFY2026
EPS, next fiscal year $-2.03FY2026 $2.02FY2026 $1.14FY2026
EPS growth, next FY – +16.1%FY2026 -21.4%FY2026
EPS growth, the year after – -9.9% -36.0%
Revenue, next fiscal year $453.74MFY2026 $3.35BFY2026 $908.60MFY2026
Revenue growth, next FY -9.0%FY2026 -3.8%FY2026 +12.7%FY2026
Revenue growth, the year after +11.5% +14.8% -8.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersJBGSBXPHIW
Held by institutions 97.6% 100.0% 100.0%
Institutions holding 206 548 371
Change in shares held, QoQ +2.8% +5.2% +10.9%
Institutions buying 86 295 214
Institutions selling 72 166 102
Buyers to sellers 1.19 1.78 2.10

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

JBGSBXPHIW
JBGS 1.00 0.48 0.46
BXP 0.48 1.00 0.78
HIW 0.46 0.78 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, JBGS, BXP and HIW?

Bxp (BXP) is the largest by market capitalisation: JBG SMITH Properties (JBGS) $694.75M, Bxp (BXP) $9.86B, Highwoods Properties (HIW) $3.30B.

Which stock is cheaper, JBGS, BXP and HIW?

Highwoods Properties (HIW) trades on the lowest price-to-earnings ratio (JBG SMITH Properties (JBGS) -4.5x, Bxp (BXP) 33.2x, Highwoods Properties (HIW) 17.8x). On next year's consensus earnings, Highwoods Properties (HIW) is cheapest (Bxp (BXP) 30.4x, Highwoods Properties (HIW) 25.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Highwoods Properties (HIW) grew revenue fastest over the trailing twelve months: JBG SMITH Properties (JBGS) -1.1%, Bxp (BXP) +1.9%, Highwoods Properties (HIW) +5.4%.

Which company is more profitable?

Highwoods Properties (HIW) has the highest net margin (JBG SMITH Properties (JBGS) -30.3%, Bxp (BXP) 8.4%, Highwoods Properties (HIW) 21.7%).

Which stock has performed better?

Over the past year Highwoods Properties (HIW) returned the most: JBG SMITH Properties (JBGS) -45.9%, Bxp (BXP) -17.0%, Highwoods Properties (HIW) -1.1%. Over five years, Highwoods Properties (HIW) compounded fastest (JBG SMITH Properties (JBGS) -16.7%/yr, Bxp (BXP) -11.6%/yr, Highwoods Properties (HIW) -8.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Highwoods Properties (HIW) has the highest dividend yield: JBG SMITH Properties (JBGS) 0.06%, Bxp (BXP) 0.00%, Highwoods Properties (HIW) 0.07%. Bxp (BXP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bxp (BXP) has been the steadiest (JBG SMITH Properties (JBGS) 34.7%, Bxp (BXP) 28.2%, Highwoods Properties (HIW) 29.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, JBGS, BXP and HIW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Highwoods Properties (HIW) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.