vs
Fathom Holdings Inc.（FTHM）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Fathom Holdings Inc.的84.0倍（$7.6B vs $90.6M）。仲量联行净利率更高（5.3% vs -7.4%，领先12.7%）。仲量联行同比增速更快（11.7% vs -1.2%）。过去两年仲量联行的营收复合增速更高（21.9% vs 13.4%）
Fathom Holdings Inc.是一家总部位于美国的房地产科技与服务企业，为房产经纪人、经纪机构和消费者提供数字交易管理、按揭服务、产权保险、住宅经纪等一站式解决方案，业务覆盖美国大部分区域市场。
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。
FTHM vs JLL — 直观对比
营收规模更大
JLL
是对方的84.0倍
$90.6M
营收增速更快
JLL
高出13.0%
-1.2%
净利率更高
JLL
高出12.7%
-7.4%
两年增速更快
JLL
近两年复合增速
13.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $7.6B |
| 净利润 | $-6.7M | $401.8M |
| 毛利率 | — | — |
| 营业利润率 | -5.2% | 6.7% |
| 净利率 | -7.4% | 5.3% |
| 营收同比 | -1.2% | 11.7% |
| 净利润同比 | -7.7% | 66.6% |
| 每股收益（稀释后） | $-0.20 | $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FTHMJLL
| Q4 25 | $90.6M | $7.6B | ||
| Q3 25 | $115.3M | $6.5B | ||
| Q2 25 | $121.4M | $6.3B | ||
| Q1 25 | $93.1M | $5.7B | ||
| Q4 24 | $91.7M | $6.8B | ||
| Q3 24 | $83.7M | $5.9B | ||
| Q2 24 | $89.2M | $5.6B | ||
| Q1 24 | $70.5M | $5.1B |
净利润FTHMJLL
| Q4 25 | $-6.7M | $401.8M | ||
| Q3 25 | $-4.4M | $222.4M | ||
| Q2 25 | $-3.6M | $110.5M | ||
| Q1 25 | $-5.6M | $57.5M | ||
| Q4 24 | $-6.2M | $241.2M | ||
| Q3 24 | $-8.1M | $155.1M | ||
| Q2 24 | $-1.3M | $84.4M | ||
| Q1 24 | $-5.9M | $66.1M |
营业利润率FTHMJLL
| Q4 25 | -5.2% | 6.7% | ||
| Q3 25 | -3.5% | 4.2% | ||
| Q2 25 | -2.0% | 3.2% | ||
| Q1 25 | -4.8% | 2.1% | ||
| Q4 24 | -7.0% | 5.5% | ||
| Q3 24 | -9.3% | 3.9% | ||
| Q2 24 | -4.1% | 2.7% | ||
| Q1 24 | -8.0% | 2.2% |
净利率FTHMJLL
| Q4 25 | -7.4% | 5.3% | ||
| Q3 25 | -3.8% | 3.4% | ||
| Q2 25 | -3.0% | 1.8% | ||
| Q1 25 | -6.1% | 1.0% | ||
| Q4 24 | -6.8% | 3.5% | ||
| Q3 24 | -9.7% | 2.6% | ||
| Q2 24 | -1.5% | 1.5% | ||
| Q1 24 | -8.4% | 1.3% |
每股收益（稀释后）FTHMJLL
| Q4 25 | $-0.20 | $8.33 | ||
| Q3 25 | $-0.15 | $4.61 | ||
| Q2 25 | $-0.13 | $2.32 | ||
| Q1 25 | $-0.24 | $1.14 | ||
| Q4 24 | $-0.29 | $4.98 | ||
| Q3 24 | $-0.40 | $3.20 | ||
| Q2 24 | $-0.07 | $1.75 | ||
| Q1 24 | $-0.31 | $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 | $5.8M | $599.1M |
| 总债务越低越好 | $5.6M | — |
| 股东权益账面价值 | $37.4M | $7.5B |
| 总资产 | $78.0M | $17.8B |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资FTHMJLL
| Q4 25 | $5.8M | $599.1M | ||
| Q3 25 | $9.8M | $428.9M | ||
| Q2 25 | $4.9M | $401.4M | ||
| Q1 25 | $8.0M | $432.4M | ||
| Q4 24 | $7.1M | $416.3M | ||
| Q3 24 | $13.1M | $437.8M | ||
| Q2 24 | $10.4M | $424.4M | ||
| Q1 24 | $5.7M | $396.7M |
总债务FTHMJLL
| Q4 25 | $5.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $9.5M | — | ||
| Q3 24 | $8.8M | — | ||
| Q2 24 | $3.6M | — | ||
| Q1 24 | $3.7M | — |
股东权益FTHMJLL
| Q4 25 | $37.4M | $7.5B | ||
| Q3 25 | $43.4M | $7.2B | ||
| Q2 25 | $40.7M | $7.0B | ||
| Q1 25 | $43.4M | $6.8B | ||
| Q4 24 | $44.7M | $6.8B | ||
| Q3 24 | $47.1M | $6.6B | ||
| Q2 24 | $53.1M | $6.4B | ||
| Q1 24 | $51.9M | $6.3B |
总资产FTHMJLL
| Q4 25 | $78.0M | $17.8B | ||
| Q3 25 | $83.2M | $17.2B | ||
| Q2 25 | $80.4M | $17.3B | ||
| Q1 25 | $81.0M | $16.6B | ||
| Q4 24 | $75.4M | $16.8B | ||
| Q3 24 | $80.9M | $17.8B | ||
| Q2 24 | $80.2M | $15.9B | ||
| Q1 24 | $78.2M | $15.5B |
负债/权益比FTHMJLL
| Q4 25 | 0.15× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.07× | — |
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 | $-11.9M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $-11.9M | — |
| 自由现金流率自由现金流/营收 | -13.2% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 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 | $-20.7M | — |
8季度趋势，按日历期对齐
经营现金流FTHMJLL
| Q4 25 | $-11.9M | $1.0B | ||
| Q3 25 | $3.0M | $617.1M | ||
| Q2 25 | $-5.9M | $332.8M | ||
| Q1 25 | $-5.7M | $-767.6M | ||
| Q4 24 | $-317.0K | $927.3M | ||
| Q3 24 | $-330.0K | $261.6M | ||
| Q2 24 | $-3.1M | $273.9M | ||
| Q1 24 | $-947.0K | $-677.5M |
自由现金流FTHMJLL
| Q4 25 | $-11.9M | — | ||
| Q3 25 | $3.0M | — | ||
| Q2 25 | $-6.0M | — | ||
| Q1 25 | $-5.8M | — | ||
| Q4 24 | $-322.0K | — | ||
| Q3 24 | $-364.0K | — | ||
| Q2 24 | $-3.1M | — | ||
| Q1 24 | $-948.0K | — |
自由现金流率FTHMJLL
| Q4 25 | -13.2% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | -4.9% | — | ||
| Q1 25 | -6.2% | — | ||
| Q4 24 | -0.4% | — | ||
| Q3 24 | -0.4% | — | ||
| Q2 24 | -3.5% | — | ||
| Q1 24 | -1.3% | — |
资本支出强度FTHMJLL
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
现金转化率FTHMJLL
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 2.77× | ||
| Q2 25 | — | 3.01× | ||
| Q1 25 | — | -13.35× | ||
| Q4 24 | — | 3.84× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 3.25× | ||
| Q1 24 | — | -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
FTHM
| Real Estate Brokerage | $84.9M | 94% |
| Mortgage Segment | $3.4M | 4% |
| Other | $2.3M | 3% |
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% |
