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通用动力（GD）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
通用动力的季度营收约是仲量联行的1.9倍（$14.4B vs $7.6B），通用动力净利率更高（7.9% vs 5.3%，领先2.7%），仲量联行同比增速更快（11.7% vs 7.8%），过去两年仲量联行的营收复合增速更高（21.9% vs 15.8%）
通用动力是总部位于美国弗吉尼亚州雷斯顿的工业科技企业，是全球领先的先进军工装备研发生产商，产品覆盖核潜艇、主战坦克、装甲战车等多种品类，同时生产湾流系列公务机，也提供信息技术服务，位列美国前百名国防承包商第三位。
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。
GD vs JLL — 直观对比
营收规模更大
GD
是对方的1.9倍
$7.6B
营收增速更快
JLL
高出3.9%
7.8%
净利率更高
GD
高出2.7%
5.3%
两年增速更快
JLL
近两年复合增速
15.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $14.4B | $7.6B |
| 净利润 | $1.1B | $401.8M |
| 毛利率 | — | — |
| 营业利润率 | 10.1% | 6.7% |
| 净利率 | 7.9% | 5.3% |
| 营收同比 | 7.8% | 11.7% |
| 净利润同比 | -0.4% | 66.6% |
| 每股收益（稀释后） | — | $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GDJLL
| Q4 25 | $14.4B | $7.6B | ||
| Q3 25 | $12.9B | $6.5B | ||
| Q2 25 | $13.0B | $6.3B | ||
| Q1 25 | $12.2B | $5.7B | ||
| Q4 24 | $13.3B | $6.8B | ||
| Q3 24 | $11.7B | $5.9B | ||
| Q2 24 | $12.0B | $5.6B | ||
| Q1 24 | $10.7B | $5.1B |
净利润GDJLL
| Q4 25 | $1.1B | $401.8M | ||
| Q3 25 | $1.1B | $222.4M | ||
| Q2 25 | $1.0B | $110.5M | ||
| Q1 25 | $994.0M | $57.5M | ||
| Q4 24 | $1.1B | $241.2M | ||
| Q3 24 | $930.0M | $155.1M | ||
| Q2 24 | $905.0M | $84.4M | ||
| Q1 24 | $799.0M | $66.1M |
营业利润率GDJLL
| Q4 25 | 10.1% | 6.7% | ||
| Q3 25 | 10.3% | 4.2% | ||
| Q2 25 | 10.0% | 3.2% | ||
| Q1 25 | 10.4% | 2.1% | ||
| Q4 24 | 10.7% | 5.5% | ||
| Q3 24 | 10.1% | 3.9% | ||
| Q2 24 | 9.7% | 2.7% | ||
| Q1 24 | 9.7% | 2.2% |
净利率GDJLL
| Q4 25 | 7.9% | 5.3% | ||
| Q3 25 | 8.2% | 3.4% | ||
| Q2 25 | 7.8% | 1.8% | ||
| Q1 25 | 8.1% | 1.0% | ||
| Q4 24 | 8.6% | 3.5% | ||
| Q3 24 | 8.0% | 2.6% | ||
| Q2 24 | 7.6% | 1.5% | ||
| Q1 24 | 7.4% | 1.3% |
每股收益（稀释后）GDJLL
| Q4 25 | — | $8.33 | ||
| Q3 25 | — | $4.61 | ||
| Q2 25 | — | $2.32 | ||
| Q1 25 | — | $1.14 | ||
| Q4 24 | — | $4.98 | ||
| Q3 24 | — | $3.20 | ||
| Q2 24 | — | $1.75 | ||
| Q1 24 | — | $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 | $2.3B | $599.1M |
| 总债务越低越好 | $8.1B | — |
| 股东权益账面价值 | $25.6B | $7.5B |
| 总资产 | $57.2B | $17.8B |
| 负债/权益比越低杠杆越低 | 0.32× | — |
8季度趋势，按日历期对齐
现金及短期投资GDJLL
| Q4 25 | $2.3B | $599.1M | ||
| Q3 25 | $2.5B | $428.9M | ||
| Q2 25 | $1.5B | $401.4M | ||
| Q1 25 | $1.2B | $432.4M | ||
| Q4 24 | $1.7B | $416.3M | ||
| Q3 24 | $2.1B | $437.8M | ||
| Q2 24 | $1.4B | $424.4M | ||
| Q1 24 | $1.0B | $396.7M |
总债务GDJLL
| Q4 25 | $8.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GDJLL
| Q4 25 | $25.6B | $7.5B | ||
| Q3 25 | $24.4B | $7.2B | ||
| Q2 25 | $23.6B | $7.0B | ||
| Q1 25 | $22.2B | $6.8B | ||
| Q4 24 | $22.1B | $6.8B | ||
| Q3 24 | $23.0B | $6.6B | ||
| Q2 24 | $22.0B | $6.4B | ||
| Q1 24 | $21.4B | $6.3B |
总资产GDJLL
| Q4 25 | $57.2B | $17.8B | ||
| Q3 25 | $57.6B | $17.2B | ||
| Q2 25 | $56.9B | $17.3B | ||
| Q1 25 | $56.6B | $16.6B | ||
| Q4 24 | $55.9B | $16.8B | ||
| Q3 24 | $57.3B | $17.8B | ||
| Q2 24 | $55.4B | $15.9B | ||
| Q1 24 | $55.2B | $15.5B |
负债/权益比GDJLL
| Q4 25 | 0.32× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $1.6B | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $952.0M | — |
| 自由现金流率自由现金流/营收 | 6.6% | — |
| 资本支出强度资本支出/营收 | 4.2% | — |
| 现金转化率经营现金流/净利润 | 1.37× | 2.52× |
| 过去12个月自由现金流最近4个季度 | $4.0B | — |
8季度趋势，按日历期对齐
经营现金流GDJLL
| Q4 25 | $1.6B | $1.0B | ||
| Q3 25 | $2.1B | $617.1M | ||
| Q2 25 | $1.6B | $332.8M | ||
| Q1 25 | $-148.0M | $-767.6M | ||
| Q4 24 | $2.2B | $927.3M | ||
| Q3 24 | $1.4B | $261.6M | ||
| Q2 24 | $814.0M | $273.9M | ||
| Q1 24 | $-278.0M | $-677.5M |
自由现金流GDJLL
| Q4 25 | $952.0M | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $-290.0M | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $613.0M | — | ||
| Q1 24 | $-437.0M | — |
自由现金流率GDJLL
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 10.4% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | -4.1% | — |
资本支出强度GDJLL
| Q4 25 | 4.2% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.5% | — |
现金转化率GDJLL
| Q4 25 | 1.37× | 2.52× | ||
| Q3 25 | 1.99× | 2.77× | ||
| Q2 25 | 1.58× | 3.01× | ||
| Q1 25 | -0.15× | -13.35× | ||
| Q4 24 | 1.88× | 3.84× | ||
| Q3 24 | 1.52× | 1.69× | ||
| Q2 24 | 0.90× | 3.25× | ||
| Q1 24 | -0.35× | -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
GD
| Aerospace | $3.8B | 26% |
| Cost Reimbursement | $2.5B | 17% |
| Information Technology Services | $2.1B | 15% |
| Militaryvehicles | $1.2B | 9% |
| C5ISR Solutions | $1.1B | 8% |
| Aircraft Services | $965.0M | 7% |
| Weapons Systemsand Munitions | $935.0M | 7% |
| Surfaceships | $920.0M | 6% |
| Engineeringand Other Services | $360.0M | 3% |
| Repairand Other Services | $344.0M | 2% |
| Contracts Accounted For Under Percentage Of Completion | $88.0M | 1% |
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% |
