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高盛（GS）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
高盛的季度营收约是仲量联行的2.7倍（$17.2B vs $6.4B），高盛净利率更高（32.7% vs 2.5%，领先30.2%），高盛同比增速更快（18.6% vs 11.1%），过去两年高盛的营收复合增速更高（10.1% vs 6.5%）
高盛集团是美国跨国投资银行及金融服务提供商，创立于1869年，总部位于纽约市曼哈顿下城，在全球多个国际金融中心设有区域总部。按营收计算，高盛是全球规模最大的投资银行之一，位列美国《财富》500强总营收榜单第55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。
GS vs JLL — 直观对比
营收规模更大
GS
是对方的2.7倍
$6.4B
营收增速更快
GS
高出7.5%
11.1%
净利率更高
GS
高出30.2%
2.5%
两年增速更快
GS
近两年复合增速
6.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $17.2B | $6.4B |
| 净利润 | $5.6B | $159.0M |
| 毛利率 | — | — |
| 营业利润率 | 39.5% | 3.2% |
| 净利率 | 32.7% | 2.5% |
| 营收同比 | 18.6% | 11.1% |
| 净利润同比 | 18.8% | — |
| 每股收益（稀释后） | — | $3.33 |
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GSJLL
| Q1 26 | $17.2B | $6.4B | ||
| Q4 25 | $13.5B | $7.6B | ||
| Q3 25 | $15.2B | $6.5B | ||
| Q2 25 | $14.6B | $6.3B | ||
| Q1 25 | $15.1B | $5.7B | ||
| Q4 24 | — | $6.8B | ||
| Q3 24 | $12.7B | $5.9B | ||
| Q2 24 | $12.7B | $5.6B |
净利润GSJLL
| Q1 26 | $5.6B | $159.0M | ||
| Q4 25 | $4.6B | $401.8M | ||
| Q3 25 | $4.1B | $222.4M | ||
| Q2 25 | $3.7B | $110.5M | ||
| Q1 25 | $4.7B | $57.5M | ||
| Q4 24 | — | $241.2M | ||
| Q3 24 | $3.0B | $155.1M | ||
| Q2 24 | $3.0B | $84.4M |
营业利润率GSJLL
| Q1 26 | 39.5% | 3.2% | ||
| Q4 25 | 43.5% | 6.7% | ||
| Q3 25 | 35.5% | 4.2% | ||
| Q2 25 | 34.0% | 3.2% | ||
| Q1 25 | 37.5% | 2.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 31.4% | 3.9% | ||
| Q2 24 | 30.8% | 2.7% |
净利率GSJLL
| Q1 26 | 32.7% | 2.5% | ||
| Q4 25 | 34.3% | 5.3% | ||
| Q3 25 | 27.0% | 3.4% | ||
| Q2 25 | 25.5% | 1.8% | ||
| Q1 25 | 31.5% | 1.0% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | 23.5% | 2.6% | ||
| Q2 24 | 23.9% | 1.5% |
每股收益（稀释后）GSJLL
| Q1 26 | — | $3.33 | ||
| Q4 25 | $14.04 | $8.33 | ||
| Q3 25 | $12.25 | $4.61 | ||
| Q2 25 | $10.91 | $2.32 | ||
| Q1 25 | $14.12 | $1.14 | ||
| Q4 24 | — | $4.98 | ||
| Q3 24 | $8.40 | $3.20 | ||
| Q2 24 | $8.62 | $1.75 |
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 | $179.0B | $436.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $123.0B | $7.4B |
| 总资产 | $2062.0B | $17.9B |
| 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GSJLL
| Q1 26 | $179.0B | $436.2M | ||
| Q4 25 | $164.3B | $599.1M | ||
| Q3 25 | $169.6B | $428.9M | ||
| Q2 25 | $153.0B | $401.4M | ||
| Q1 25 | $167.4B | $432.4M | ||
| Q4 24 | — | $416.3M | ||
| Q3 24 | $154.7B | $437.8M | ||
| Q2 24 | $206.3B | $424.4M |
股东权益GSJLL
| Q1 26 | $123.0B | $7.4B | ||
| Q4 25 | $125.0B | $7.5B | ||
| Q3 25 | $124.4B | $7.2B | ||
| Q2 25 | $124.1B | $7.0B | ||
| Q1 25 | $124.3B | $6.8B | ||
| Q4 24 | — | $6.8B | ||
| Q3 24 | $121.2B | $6.6B | ||
| Q2 24 | $119.5B | $6.4B |
总资产GSJLL
| Q1 26 | $2062.0B | $17.9B | ||
| Q4 25 | $1809.3B | $17.8B | ||
| Q3 25 | $1808.0B | $17.2B | ||
| Q2 25 | $1785.0B | $17.3B | ||
| Q1 25 | $1766.2B | $16.6B | ||
| Q4 24 | — | $16.8B | ||
| Q3 24 | $1728.1B | $17.8B | ||
| Q2 24 | $1653.3B | $15.9B |
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 | — | $-17.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-819.9M |
| 自由现金流率自由现金流/营收 | — | -12.8% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | -0.11× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流GSJLL
| Q1 26 | — | $-17.7M | ||
| Q4 25 | $-16.3B | $1.0B | ||
| Q3 25 | $2.7B | $617.1M | ||
| Q2 25 | $5.7B | $332.8M | ||
| Q1 25 | $-37.2B | $-767.6M | ||
| Q4 24 | — | $927.3M | ||
| Q3 24 | — | $261.6M | ||
| Q2 24 | — | $273.9M |
自由现金流GSJLL
| Q1 26 | — | $-819.9M | ||
| Q4 25 | $-16.8B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $-37.7B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率GSJLL
| Q1 26 | — | -12.8% | ||
| Q4 25 | -124.9% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 35.6% | — | ||
| Q1 25 | -250.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度GSJLL
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率GSJLL
| Q1 26 | — | -0.11× | ||
| Q4 25 | -3.53× | 2.52× | ||
| Q3 25 | 0.65× | 2.77× | ||
| Q2 25 | 1.52× | 3.01× | ||
| Q1 25 | -7.86× | -13.35× | ||
| Q4 24 | — | 3.84× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 3.25× |
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
GS
| Management and other fees | $3.1B | 18% |
| FICC intermediation | $2.9B | 17% |
| Equities intermediation | $2.7B | 16% |
| Equities financing | $2.6B | 15% |
| Advisory | $1.5B | 9% |
| FICC financing | $1.1B | 6% |
| Other | $972.0M | 6% |
| Debt underwriting | $811.0M | 5% |
| Private banking and lending | $638.0M | 4% |
| Equity underwriting | $535.0M | 3% |
| Incentive fees | $183.0M | 1% |
| Investments | $180.0M | 1% |
JLL
| Real Estate Management Services | $5.1B | 79% |
| Leasing Advisory | $686.3M | 11% |
| Capital Markets Services | $535.2M | 8% |
| Investment Management | $99.3M | 2% |
