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福陆（FLR）与仲量联行（JLL）财务数据对比。点击上方公司名可切换其他公司
仲量联行的季度营收约是福陆的1.8倍（$7.6B vs $4.2B），仲量联行净利率更高（5.3% vs -37.7%，领先43.0%），仲量联行同比增速更快（11.7% vs -2.0%），过去两年仲量联行的营收复合增速更高（21.9% vs 5.7%）
福陆是总部位于美国得克萨斯州欧文市的工程建设企业，通过旗下子公司提供油气、工业与基础设施、政府项目及电力三大核心领域的服务，是《财富》世界500强中排名最高的上市工程建设企业，总排名位列第265位。
仲量联行（JLL）是总部位于美国芝加哥的全球知名房地产服务企业，位列《财富》世界500强第188位，在80个国家设有办事处，面向机构投资者、散户投资者及高净值人群提供全球投资管理服务，同时通过JLL Technologies推出科技产品，旗下PropTech基金JLL Spark主营地产科技领域风险投资。
FLR vs JLL — 直观对比
营收规模更大
JLL
是对方的1.8倍
$4.2B
营收增速更快
JLL
高出13.7%
-2.0%
净利率更高
JLL
高出43.0%
-37.7%
两年增速更快
JLL
近两年复合增速
5.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $7.6B |
| 净利润 | $-1.6B | $401.8M |
| 毛利率 | 3.2% | — |
| 营业利润率 | 1.3% | 6.7% |
| 净利率 | -37.7% | 5.3% |
| 营收同比 | -2.0% | 11.7% |
| 净利润同比 | -184.4% | 66.6% |
| 每股收益（稀释后） | $-9.40 | $8.33 |
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FLRJLL
| Q4 25 | $4.2B | $7.6B | ||
| Q3 25 | $3.4B | $6.5B | ||
| Q2 25 | $4.0B | $6.3B | ||
| Q1 25 | $4.0B | $5.7B | ||
| Q4 24 | $4.3B | $6.8B | ||
| Q3 24 | $4.1B | $5.9B | ||
| Q2 24 | $4.2B | $5.6B | ||
| Q1 24 | $3.7B | $5.1B |
净利润FLRJLL
| Q4 25 | $-1.6B | $401.8M | ||
| Q3 25 | $-697.0M | $222.4M | ||
| Q2 25 | $2.5B | $110.5M | ||
| Q1 25 | $-241.0M | $57.5M | ||
| Q4 24 | $1.9B | $241.2M | ||
| Q3 24 | $54.0M | $155.1M | ||
| Q2 24 | $169.0M | $84.4M | ||
| Q1 24 | $59.0M | $66.1M |
毛利率FLRJLL
| Q4 25 | 3.2% | — | ||
| Q3 25 | -13.3% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | 2.7% | — |
营业利润率FLRJLL
| Q4 25 | 1.3% | 6.7% | ||
| Q3 25 | -14.7% | 4.2% | ||
| Q2 25 | -0.7% | 3.2% | ||
| Q1 25 | 2.3% | 2.1% | ||
| Q4 24 | 4.4% | 5.5% | ||
| Q3 24 | 1.2% | 3.9% | ||
| Q2 24 | 4.2% | 2.7% | ||
| Q1 24 | 1.4% | 2.2% |
净利率FLRJLL
| Q4 25 | -37.7% | 5.3% | ||
| Q3 25 | -20.7% | 3.4% | ||
| Q2 25 | 61.8% | 1.8% | ||
| Q1 25 | -6.1% | 1.0% | ||
| Q4 24 | 43.7% | 3.5% | ||
| Q3 24 | 1.3% | 2.6% | ||
| Q2 24 | 4.0% | 1.5% | ||
| Q1 24 | 1.6% | 1.3% |
每股收益（稀释后）FLRJLL
| Q4 25 | $-9.40 | $8.33 | ||
| Q3 25 | $-4.30 | $4.61 | ||
| Q2 25 | $14.81 | $2.32 | ||
| Q1 25 | $-1.42 | $1.14 | ||
| Q4 24 | $10.68 | $4.98 | ||
| Q3 24 | $0.31 | $3.20 | ||
| Q2 24 | $0.97 | $1.75 | ||
| Q1 24 | $0.34 | $1.37 |
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 | $2.2B | $599.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $7.5B |
| 总资产 | $8.2B | $17.8B |
| 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FLRJLL
| Q4 25 | $2.2B | $599.1M | ||
| Q3 25 | $2.8B | $428.9M | ||
| Q2 25 | $2.3B | $401.4M | ||
| Q1 25 | $2.5B | $432.4M | ||
| Q4 24 | $3.0B | $416.3M | ||
| Q3 24 | $3.0B | $437.8M | ||
| Q2 24 | $2.7B | $424.4M | ||
| Q1 24 | $2.4B | $396.7M |
股东权益FLRJLL
| Q4 25 | $3.2B | $7.5B | ||
| Q3 25 | $5.2B | $7.2B | ||
| Q2 25 | $5.9B | $7.0B | ||
| Q1 25 | $3.6B | $6.8B | ||
| Q4 24 | $3.9B | $6.8B | ||
| Q3 24 | $2.3B | $6.6B | ||
| Q2 24 | $2.1B | $6.4B | ||
| Q1 24 | $2.0B | $6.3B |
总资产FLRJLL
| Q4 25 | $8.2B | $17.8B | ||
| Q3 25 | $11.5B | $17.2B | ||
| Q2 25 | $11.8B | $17.3B | ||
| Q1 25 | $8.4B | $16.6B | ||
| Q4 24 | $9.1B | $16.8B | ||
| Q3 24 | $7.1B | $17.8B | ||
| Q2 24 | $6.8B | $15.9B | ||
| Q1 24 | $6.7B | $15.5B |
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 | $-366.0M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | — |
| 自由现金流率自由现金流/营收 | -9.1% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | — | 2.52× |
| 过去12个月自由现金流最近4个季度 | $-437.0M | — |
8季度趋势，按日历期对齐
经营现金流FLRJLL
| Q4 25 | $-366.0M | $1.0B | ||
| Q3 25 | $286.0M | $617.1M | ||
| Q2 25 | $-21.0M | $332.8M | ||
| Q1 25 | $-286.0M | $-767.6M | ||
| Q4 24 | $327.0M | $927.3M | ||
| Q3 24 | $330.0M | $261.6M | ||
| Q2 24 | $282.0M | $273.9M | ||
| Q1 24 | $-111.0M | $-677.5M |
自由现金流FLRJLL
| Q4 25 | $-378.0M | — | ||
| Q3 25 | $273.0M | — | ||
| Q2 25 | $-35.0M | — | ||
| Q1 25 | $-297.0M | — | ||
| Q4 24 | $296.0M | — | ||
| Q3 24 | $279.0M | — | ||
| Q2 24 | $234.0M | — | ||
| Q1 24 | $-145.0M | — |
自由现金流率FLRJLL
| Q4 25 | -9.1% | — | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | -7.5% | — | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | -3.9% | — |
资本支出强度FLRJLL
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 0.9% | — |
现金转化率FLRJLL
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 2.77× | ||
| Q2 25 | -0.01× | 3.01× | ||
| Q1 25 | — | -13.35× | ||
| Q4 24 | 0.18× | 3.84× | ||
| Q3 24 | 6.11× | 1.69× | ||
| Q2 24 | 1.67× | 3.25× | ||
| Q1 24 | -1.88× | -10.25× |
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
FLR
| Urban Solutions Segment | $2.6B | 63% |
| Energy Solutions Segment | $943.0M | 23% |
| Mission Solutions Segment | $600.0M | 14% |
JLL
| Workplace Management | $3.8B | 50% |
| Project Management | $1.1B | 15% |
| Leasing Advisory | $1.0B | 13% |
| Leasing | $964.9M | 13% |
| Property Management | $480.2M | 6% |
| Portfolio Services And Other | $152.1M | 2% |
| Advisory Fees | $98.1M | 1% |
| Loan Servicing | $42.2M | 1% |
| Transaction Fees Other | $16.4M | 0% |
