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仲量联行（JLL）与高通（QCOM）财务数据对比。点击上方公司名可切换其他公司
高通的季度营收约是仲量联行的1.6倍（$12.3B vs $7.6B），高通净利率更高（24.5% vs 5.3%，领先19.2%），仲量联行同比增速更快（11.7% vs 5.0%），过去两年仲量联行的营收复合增速更高（21.9% vs 14.2%）
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。
高通是总部位于美国加利福尼亚州圣迭戈、在特拉华州注册的跨国企业，主营无线技术相关的半导体、软件及服务业务，持有5G、4G、CDMA2000、TD-SCDMA、WCDMA等移动通信标准的核心专利，是全球无线通信领域的核心供应商。
JLL vs QCOM — 直观对比
营收规模更大
QCOM
是对方的1.6倍
$7.6B
营收增速更快
JLL
高出6.7%
5.0%
净利率更高
QCOM
高出19.2%
5.3%
两年增速更快
JLL
近两年复合增速
14.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $12.3B |
| 净利润 | $401.8M | $3.0B |
| 毛利率 | — | 54.6% |
| 营业利润率 | 6.7% | 27.5% |
| 净利率 | 5.3% | 24.5% |
| 营收同比 | 11.7% | 5.0% |
| 净利润同比 | 66.6% | -5.5% |
| 每股收益（稀释后） | $8.33 | $2.78 |
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JLLQCOM
| Q4 25 | $7.6B | $12.3B | ||
| Q3 25 | $6.5B | $11.3B | ||
| Q2 25 | $6.3B | $10.4B | ||
| Q1 25 | $5.7B | $11.0B | ||
| Q4 24 | $6.8B | $11.7B | ||
| Q3 24 | $5.9B | $10.2B | ||
| Q2 24 | $5.6B | $9.4B | ||
| Q1 24 | $5.1B | $9.4B |
净利润JLLQCOM
| Q4 25 | $401.8M | $3.0B | ||
| Q3 25 | $222.4M | $-3.1B | ||
| Q2 25 | $110.5M | $2.7B | ||
| Q1 25 | $57.5M | $2.8B | ||
| Q4 24 | $241.2M | $3.2B | ||
| Q3 24 | $155.1M | $2.9B | ||
| Q2 24 | $84.4M | $2.1B | ||
| Q1 24 | $66.1M | $2.3B |
毛利率JLLQCOM
| Q4 25 | — | 54.6% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 55.6% | ||
| Q1 25 | — | 55.0% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 56.4% | ||
| Q2 24 | — | 55.6% | ||
| Q1 24 | — | 56.3% |
营业利润率JLLQCOM
| Q4 25 | 6.7% | 27.5% | ||
| Q3 25 | 4.2% | 25.9% | ||
| Q2 25 | 3.2% | 26.6% | ||
| Q1 25 | 2.1% | 28.4% | ||
| Q4 24 | 5.5% | 30.5% | ||
| Q3 24 | 3.9% | 25.2% | ||
| Q2 24 | 2.7% | 23.6% | ||
| Q1 24 | 2.2% | 24.9% |
净利率JLLQCOM
| Q4 25 | 5.3% | 24.5% | ||
| Q3 25 | 3.4% | -27.7% | ||
| Q2 25 | 1.8% | 25.7% | ||
| Q1 25 | 1.0% | 25.6% | ||
| Q4 24 | 3.5% | 27.3% | ||
| Q3 24 | 2.6% | 28.5% | ||
| Q2 24 | 1.5% | 22.7% | ||
| Q1 24 | 1.3% | 24.8% |
每股收益（稀释后）JLLQCOM
| Q4 25 | $8.33 | $2.78 | ||
| Q3 25 | $4.61 | $-2.77 | ||
| Q2 25 | $2.32 | $2.43 | ||
| Q1 25 | $1.14 | $2.52 | ||
| Q4 24 | $4.98 | $2.83 | ||
| Q3 24 | $3.20 | $2.57 | ||
| Q2 24 | $1.75 | $1.88 | ||
| Q1 24 | $1.37 | $2.06 |
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 | $11.8B |
| 总债务越低越好 | — | $14.8B |
| 股东权益账面价值 | $7.5B | $23.1B |
| 总资产 | $17.8B | $53.0B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资JLLQCOM
| Q4 25 | $599.1M | $11.8B | ||
| Q3 25 | $428.9M | $10.2B | ||
| Q2 25 | $401.4M | $10.0B | ||
| Q1 25 | $432.4M | $13.8B | ||
| Q4 24 | $416.3M | $14.3B | ||
| Q3 24 | $437.8M | $13.3B | ||
| Q2 24 | $424.4M | $13.0B | ||
| Q1 24 | $396.7M | $13.9B |
总债务JLLQCOM
| Q4 25 | — | $14.8B | ||
| Q3 25 | — | $14.8B | ||
| Q2 25 | — | $14.8B | ||
| Q1 25 | — | $13.3B | ||
| Q4 24 | — | $13.2B | ||
| Q3 24 | — | $13.3B | ||
| Q2 24 | — | $13.2B | ||
| Q1 24 | — | $14.5B |
股东权益JLLQCOM
| Q4 25 | $7.5B | $23.1B | ||
| Q3 25 | $7.2B | $21.2B | ||
| Q2 25 | $7.0B | $27.2B | ||
| Q1 25 | $6.8B | $27.7B | ||
| Q4 24 | $6.8B | $26.9B | ||
| Q3 24 | $6.6B | $26.3B | ||
| Q2 24 | $6.4B | $24.7B | ||
| Q1 24 | $6.3B | $24.5B |
总资产JLLQCOM
| Q4 25 | $17.8B | $53.0B | ||
| Q3 25 | $17.2B | $50.1B | ||
| Q2 25 | $17.3B | $54.9B | ||
| Q1 25 | $16.6B | $55.4B | ||
| Q4 24 | $16.8B | $55.6B | ||
| Q3 24 | $17.8B | $55.2B | ||
| Q2 24 | $15.9B | $52.7B | ||
| Q1 24 | $15.5B | $53.2B |
负债/权益比JLLQCOM
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.59× |
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 | $5.0B |
| 自由现金流经营现金流 - 资本支出 | — | $4.4B |
| 自由现金流率自由现金流/营收 | — | 36.0% |
| 资本支出强度资本支出/营收 | — | 4.5% |
| 现金转化率经营现金流/净利润 | 2.52× | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $12.9B |
8季度趋势，按日历期对齐
经营现金流JLLQCOM
| Q4 25 | $1.0B | $5.0B | ||
| Q3 25 | $617.1M | $4.0B | ||
| Q2 25 | $332.8M | $2.9B | ||
| Q1 25 | $-767.6M | $2.6B | ||
| Q4 24 | $927.3M | $4.6B | ||
| Q3 24 | $261.6M | $2.6B | ||
| Q2 24 | $273.9M | $3.1B | ||
| Q1 24 | $-677.5M | $3.6B |
自由现金流JLLQCOM
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $3.4B |
自由现金流率JLLQCOM
| Q4 25 | — | 36.0% | ||
| Q3 25 | — | 31.8% | ||
| Q2 25 | — | 24.9% | ||
| Q1 25 | — | 21.3% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 35.9% |
资本支出强度JLLQCOM
| Q4 25 | — | 4.5% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 2.0% |
现金转化率JLLQCOM
| Q4 25 | 2.52× | 1.65× | ||
| Q3 25 | 2.77× | — | ||
| Q2 25 | 3.01× | 1.08× | ||
| Q1 25 | -13.35× | 0.91× | ||
| Q4 24 | 3.84× | 1.44× | ||
| Q3 24 | 1.69× | 0.91× | ||
| Q2 24 | 3.25× | 1.43× | ||
| Q1 24 | -10.25× | 1.53× |
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% |
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
