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仲量联行（JLL）与NEWMARK GROUP, INC.（NMRK）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NEWMARK GROUP, INC.的8.9倍（$7.6B vs $859.5M）。NEWMARK GROUP, INC.净利率更高（7.9% vs 5.3%，领先2.6%）。NEWMARK GROUP, INC.同比增速更快（18.1% vs 11.7%）。过去两年NEWMARK GROUP, INC.的营收复合增速更高（38.2% vs 21.9%）
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。
纽马克集团是一家总部位于纽约的全球性商业地产咨询及服务企业，旗下业务以Newmark品牌开展，在纳斯达克全球精选市场上市，股票代码为NMRK，为全球客户提供商业地产领域的多元专业服务。
JLL vs NMRK — 直观对比
营收规模更大
JLL
是对方的8.9倍
$859.5M
营收增速更快
NMRK
高出6.4%
11.7%
净利率更高
NMRK
高出2.6%
5.3%
两年增速更快
NMRK
近两年复合增速
21.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $859.5M |
| 净利润 | $401.8M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 6.7% | 14.4% |
| 净利率 | 5.3% | 7.9% |
| 营收同比 | 11.7% | 18.1% |
| 净利润同比 | 66.6% | 49.7% |
| 每股收益（稀释后） | $8.33 | $0.37 |
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JLLNMRK
| Q4 25 | $7.6B | $859.5M | ||
| Q3 25 | $6.5B | $715.0M | ||
| Q2 25 | $6.3B | $639.6M | ||
| Q1 25 | $5.7B | $556.2M | ||
| Q4 24 | $6.8B | $727.5M | ||
| Q3 24 | $5.9B | $568.0M | ||
| Q2 24 | $5.6B | $527.3M | ||
| Q1 24 | $5.1B | $450.2M |
净利润JLLNMRK
| Q4 25 | $401.8M | $68.0M | ||
| Q3 25 | $222.4M | $46.2M | ||
| Q2 25 | $110.5M | $20.8M | ||
| Q1 25 | $57.5M | $-8.8M | ||
| Q4 24 | $241.2M | $45.4M | ||
| Q3 24 | $155.1M | $17.8M | ||
| Q2 24 | $84.4M | $14.3M | ||
| Q1 24 | $66.1M | $-16.3M |
营业利润率JLLNMRK
| Q4 25 | 6.7% | 14.4% | ||
| Q3 25 | 4.2% | 11.9% | ||
| Q2 25 | 3.2% | 6.7% | ||
| Q1 25 | 2.1% | -3.1% | ||
| Q4 24 | 5.5% | 14.3% | ||
| Q3 24 | 3.9% | 7.2% | ||
| Q2 24 | 2.7% | 7.7% | ||
| Q1 24 | 2.2% | -5.0% |
净利率JLLNMRK
| Q4 25 | 5.3% | 7.9% | ||
| Q3 25 | 3.4% | 6.5% | ||
| Q2 25 | 1.8% | 3.3% | ||
| Q1 25 | 1.0% | -1.6% | ||
| Q4 24 | 3.5% | 6.2% | ||
| Q3 24 | 2.6% | 3.1% | ||
| Q2 24 | 1.5% | 2.7% | ||
| Q1 24 | 1.3% | -3.6% |
每股收益（稀释后）JLLNMRK
| Q4 25 | $8.33 | $0.37 | ||
| Q3 25 | $4.61 | $0.25 | ||
| Q2 25 | $2.32 | $0.11 | ||
| Q1 25 | $1.14 | $-0.05 | ||
| Q4 24 | $4.98 | $0.25 | ||
| Q3 24 | $3.20 | $0.10 | ||
| Q2 24 | $1.75 | $0.08 | ||
| Q1 24 | $1.37 | $-0.09 |
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 | $599.1M | $229.1M |
| 总债务越低越好 | — | $671.7M |
| 股东权益账面价值 | $7.5B | $1.5B |
| 总资产 | $17.8B | $5.0B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资JLLNMRK
| Q4 25 | $599.1M | $229.1M | ||
| Q3 25 | $428.9M | $224.1M | ||
| Q2 25 | $401.4M | $195.8M | ||
| Q1 25 | $432.4M | $157.1M | ||
| Q4 24 | $416.3M | $197.7M | ||
| Q3 24 | $437.8M | $178.6M | ||
| Q2 24 | $424.4M | $176.4M | ||
| Q1 24 | $396.7M | $140.9M |
总债务JLLNMRK
| Q4 25 | — | $671.7M | ||
| Q3 25 | — | $746.5M | ||
| Q2 25 | — | $871.2M | ||
| Q1 25 | — | $770.9M | ||
| Q4 24 | — | $670.7M | ||
| Q3 24 | — | $770.4M | ||
| Q2 24 | — | $745.2M | ||
| Q1 24 | — | $670.2M |
股东权益JLLNMRK
| Q4 25 | $7.5B | $1.5B | ||
| Q3 25 | $7.2B | $1.4B | ||
| Q2 25 | $7.0B | $1.3B | ||
| Q1 25 | $6.8B | $1.3B | ||
| Q4 24 | $6.8B | $1.2B | ||
| Q3 24 | $6.6B | $1.2B | ||
| Q2 24 | $6.4B | $1.2B | ||
| Q1 24 | $6.3B | $1.2B |
总资产JLLNMRK
| Q4 25 | $17.8B | $5.0B | ||
| Q3 25 | $17.2B | $5.5B | ||
| Q2 25 | $17.3B | $5.4B | ||
| Q1 25 | $16.6B | $4.8B | ||
| Q4 24 | $16.8B | $4.7B | ||
| Q3 24 | $17.8B | $5.0B | ||
| Q2 24 | $15.9B | $4.8B | ||
| Q1 24 | $15.5B | $4.4B |
负债/权益比JLLNMRK
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.62× | ||
| Q1 24 | — | 0.54× |
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 | $1.0B | $618.5M |
| 自由现金流经营现金流 - 资本支出 | — | $608.8M |
| 自由现金流率自由现金流/营收 | — | 70.8% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 2.52× | 9.10× |
| 过去12个月自由现金流最近4个季度 | — | $142.6M |
8季度趋势，按日历期对齐
经营现金流JLLNMRK
| Q4 25 | $1.0B | $618.5M | ||
| Q3 25 | $617.1M | $112.6M | ||
| Q2 25 | $332.8M | $-379.7M | ||
| Q1 25 | $-767.6M | $-179.4M | ||
| Q4 24 | $927.3M | $402.6M | ||
| Q3 24 | $261.6M | $-85.2M | ||
| Q2 24 | $273.9M | $-258.5M | ||
| Q1 24 | $-677.5M | $-68.8M |
自由现金流JLLNMRK
| Q4 25 | — | $608.8M | ||
| Q3 25 | — | $104.9M | ||
| Q2 25 | — | $-386.2M | ||
| Q1 25 | — | $-184.8M | ||
| Q4 24 | — | $396.6M | ||
| Q3 24 | — | $-94.4M | ||
| Q2 24 | — | $-267.8M | ||
| Q1 24 | — | $-75.8M |
自由现金流率JLLNMRK
| Q4 25 | — | 70.8% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | -60.4% | ||
| Q1 25 | — | -33.2% | ||
| Q4 24 | — | 54.5% | ||
| Q3 24 | — | -16.6% | ||
| Q2 24 | — | -50.8% | ||
| Q1 24 | — | -16.8% |
资本支出强度JLLNMRK
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.6% |
现金转化率JLLNMRK
| Q4 25 | 2.52× | 9.10× | ||
| Q3 25 | 2.77× | 2.44× | ||
| Q2 25 | 3.01× | -18.24× | ||
| Q1 25 | -13.35× | — | ||
| Q4 24 | 3.84× | 8.86× | ||
| Q3 24 | 1.69× | -4.79× | ||
| Q2 24 | 3.25× | -18.10× | ||
| 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
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% |
NMRK
| Management Services | $263.1M | 31% |
| Investment Advice | $200.1M | 23% |
| Mortgage Brokerage And Debt Placement | $83.1M | 10% |
| Servicing Fees And Other | $80.7M | 9% |
| GB | $69.0M | 8% |
| Other Geographical Areas | $63.6M | 7% |
| Servicing | $36.2M | 4% |
| Other | $34.2M | 4% |
| Loan Originations Related Fees And Sales Premiums Net | $29.6M | 3% |
