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仲量联行（JLL）与摩根士丹利（MS）财务数据对比。点击上方公司名可切换其他公司
摩根士丹利的季度营收约是仲量联行的1.7倍（$10.7B vs $6.4B），摩根士丹利净利率更高（52.6% vs 2.5%，领先50.1%），摩根士丹利同比增速更快（16.0% vs 11.1%），过去两年仲量联行的营收复合增速更高（6.5% vs -15.8%）
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。
摩根士丹利是总部位于美国纽约曼哈顿中城百老汇1585号的跨国投资银行及金融服务提供商，在全球42个国家设有办事处，员工超8万名，服务客户涵盖企业、政府、机构及个人。2023年该公司位列美国财富500强第61位，同年位居福布斯全球2000强第30位。
JLL vs MS — 直观对比
营收规模更大
MS
是对方的1.7倍
$6.4B
营收增速更快
MS
高出4.9%
11.1%
净利率更高
MS
高出50.1%
2.5%
两年增速更快
JLL
近两年复合增速
-15.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $10.7B |
| 净利润 | $159.0M | $5.6B |
| 毛利率 | — | — |
| 营业利润率 | 3.2% | — |
| 净利率 | 2.5% | 52.6% |
| 营收同比 | 11.1% | 16.0% |
| 净利润同比 | — | — |
| 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JLLMS
| Q1 26 | $6.4B | $10.7B | ||
| Q4 25 | $7.6B | $17.9B | ||
| Q3 25 | $6.5B | $18.2B | ||
| Q2 25 | $6.3B | $16.8B | ||
| Q1 25 | $5.7B | $17.7B | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $5.9B | $15.4B | ||
| Q2 24 | $5.6B | $15.0B |
净利润JLLMS
| Q1 26 | $159.0M | $5.6B | ||
| Q4 25 | $401.8M | $4.4B | ||
| Q3 25 | $222.4M | $4.6B | ||
| Q2 25 | $110.5M | $3.5B | ||
| Q1 25 | $57.5M | $4.3B | ||
| Q4 24 | $241.2M | — | ||
| Q3 24 | $155.1M | $3.2B | ||
| Q2 24 | $84.4M | $3.1B |
营业利润率JLLMS
| Q1 26 | 3.2% | — | ||
| Q4 25 | 6.7% | 32.2% | ||
| Q3 25 | 4.2% | 33.1% | ||
| Q2 25 | 3.2% | 27.5% | ||
| Q1 25 | 2.1% | 31.3% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 3.9% | 27.4% | ||
| Q2 24 | 2.7% | 27.1% |
净利率JLLMS
| Q1 26 | 2.5% | 52.6% | ||
| Q4 25 | 5.3% | 24.6% | ||
| Q3 25 | 3.4% | 25.3% | ||
| Q2 25 | 1.8% | 21.1% | ||
| Q1 25 | 1.0% | 24.3% | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 2.6% | 20.7% | ||
| Q2 24 | 1.5% | 20.5% |
每股收益（稀释后）JLLMS
| Q1 26 | $3.33 | — | ||
| Q4 25 | $8.33 | $2.68 | ||
| Q3 25 | $4.61 | $2.80 | ||
| Q2 25 | $2.32 | $2.13 | ||
| Q1 25 | $1.14 | $2.60 | ||
| Q4 24 | $4.98 | — | ||
| Q3 24 | $3.20 | $1.88 | ||
| Q2 24 | $1.75 | $1.82 |
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 | $436.2M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.4B | $5.1M |
| 总资产 | $17.9B | $1581.4B |
| 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JLLMS
| Q1 26 | $436.2M | — | ||
| Q4 25 | $599.1M | $111.7B | ||
| Q3 25 | $428.9M | $103.7B | ||
| Q2 25 | $401.4M | $109.1B | ||
| Q1 25 | $432.4M | $90.7B | ||
| Q4 24 | $416.3M | — | ||
| Q3 24 | $437.8M | $91.1B | ||
| Q2 24 | $424.4M | $90.2B |
总债务JLLMS
| Q1 26 | — | — | ||
| Q4 25 | — | $341.7B | ||
| Q3 25 | — | $324.1B | ||
| Q2 25 | — | $320.1B | ||
| Q1 25 | — | $297.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $291.2B | ||
| Q2 24 | — | $269.9B |
股东权益JLLMS
| Q1 26 | $7.4B | $5.1M | ||
| Q4 25 | $7.5B | $111.6B | ||
| Q3 25 | $7.2B | $110.0B | ||
| Q2 25 | $7.0B | $108.2B | ||
| Q1 25 | $6.8B | $106.8B | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $6.6B | $103.6B | ||
| Q2 24 | $6.4B | $100.7B |
总资产JLLMS
| Q1 26 | $17.9B | $1581.4B | ||
| Q4 25 | $17.8B | $1420.3B | ||
| Q3 25 | $17.2B | $1364.8B | ||
| Q2 25 | $17.3B | $1353.9B | ||
| Q1 25 | $16.6B | $1300.3B | ||
| Q4 24 | $16.8B | — | ||
| Q3 24 | $17.8B | $1258.0B | ||
| Q2 24 | $15.9B | $1212.4B |
负债/权益比JLLMS
| Q1 26 | — | — | ||
| Q4 25 | — | 3.06× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 2.96× | ||
| Q1 25 | — | 2.78× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.81× | ||
| Q2 24 | — | 2.68× |
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JLLMS
| Q1 26 | $-17.7M | — | ||
| Q4 25 | $1.0B | $-2.4B | ||
| Q3 25 | $617.1M | $-3.3B | ||
| Q2 25 | $332.8M | $11.8B | ||
| Q1 25 | $-767.6M | $-24.0B | ||
| Q4 24 | $927.3M | — | ||
| Q3 24 | $261.6M | — | ||
| Q2 24 | $273.9M | — |
自由现金流JLLMS
| Q1 26 | $-819.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率JLLMS
| Q1 26 | -12.8% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率JLLMS
| Q1 26 | -0.11× | — | ||
| Q4 25 | 2.52× | -0.55× | ||
| Q3 25 | 2.77× | -0.72× | ||
| Q2 25 | 3.01× | 3.34× | ||
| Q1 25 | -13.35× | -5.56× | ||
| 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
JLL
| Real Estate Management Services | $5.1B | 79% |
| Leasing Advisory | $686.3M | 11% |
| Capital Markets Services | $535.2M | 8% |
| Investment Management | $99.3M | 2% |
MS
暂无分部数据
