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仲量联行（JLL）与冬海集团（SE）财务数据对比。点击上方公司名可切换其他公司
冬海集团的季度营收约是仲量联行的3.0倍（$22.9B vs $7.6B），冬海集团净利率更高（7.0% vs 5.3%，领先1.7%），冬海集团同比增速更快（363.4% vs 11.7%），过去两年冬海集团的营收复合增速更高（147.8% 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。
冬海集团（Sea Ltd）是总部位于新加坡的科技综合集团，于纽约证券交易所上市，2024年营收达168亿美元。旗下拥有游戏品牌Garena、数字金融服务品牌Monee，以及东南亚规模最大的电商平台Shopee，业务覆盖数字娱乐、金融科技、电子商务三大核心领域。
JLL vs SE — 直观对比
营收规模更大
SE
是对方的3.0倍
$7.6B
营收增速更快
SE
高出351.6%
11.7%
净利率更高
SE
高出1.7%
5.3%
两年增速更快
SE
近两年复合增速
21.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $22.9B |
| 净利润 | $401.8M | $1.6B |
| 毛利率 | — | 44.7% |
| 营业利润率 | 6.7% | 8.7% |
| 净利率 | 5.3% | 7.0% |
| 营收同比 | 11.7% | 363.4% |
| 净利润同比 | 66.6% | — |
| 每股收益（稀释后） | $8.33 | $2.52 |
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JLLSE
| Q4 25 | $7.6B | $22.9B | ||
| Q3 25 | $6.5B | $6.0B | ||
| Q2 25 | $6.3B | $5.3B | ||
| Q1 25 | $5.7B | $4.8B | ||
| Q4 24 | $6.8B | $5.0B | ||
| Q3 24 | $5.9B | $4.3B | ||
| Q2 24 | $5.6B | $3.8B | ||
| Q1 24 | $5.1B | $3.7B |
净利润JLLSE
| Q4 25 | $401.8M | $1.6B | ||
| Q3 25 | $222.4M | $375.0M | ||
| Q2 25 | $110.5M | $414.2M | ||
| Q1 25 | $57.5M | $-7.8M | ||
| Q4 24 | $241.2M | — | ||
| Q3 24 | $155.1M | — | ||
| Q2 24 | $84.4M | — | ||
| Q1 24 | $66.1M | $-23.0M |
毛利率JLLSE
| Q4 25 | — | 44.7% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 46.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 41.6% |
营业利润率JLLSE
| Q4 25 | 6.7% | 8.7% | ||
| Q3 25 | 4.2% | 8.0% | ||
| Q2 25 | 3.2% | 9.3% | ||
| Q1 25 | 2.1% | 9.4% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 2.2% | 1.9% |
净利率JLLSE
| Q4 25 | 5.3% | 7.0% | ||
| Q3 25 | 3.4% | 6.3% | ||
| Q2 25 | 1.8% | 7.9% | ||
| Q1 25 | 1.0% | -0.2% | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.3% | -0.6% |
每股收益（稀释后）JLLSE
| Q4 25 | $8.33 | $2.52 | ||
| Q3 25 | $4.61 | $0.59 | ||
| Q2 25 | $2.32 | $0.65 | ||
| Q1 25 | $1.14 | $0.65 | ||
| 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 | $599.1M | $10.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.5B | $12.6B |
| 总资产 | $17.8B | $29.4B |
| 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JLLSE
| Q4 25 | $599.1M | $10.6B | ||
| Q3 25 | $428.9M | — | ||
| Q2 25 | $401.4M | — | ||
| Q1 25 | $432.4M | — | ||
| Q4 24 | $416.3M | $8.6B | ||
| Q3 24 | $437.8M | — | ||
| Q2 24 | $424.4M | — | ||
| Q1 24 | $396.7M | — |
股东权益JLLSE
| Q4 25 | $7.5B | $12.6B | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $7.0B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.8B | $8.4B | ||
| Q3 24 | $6.6B | — | ||
| Q2 24 | $6.4B | — | ||
| Q1 24 | $6.3B | — |
总资产JLLSE
| Q4 25 | $17.8B | $29.4B | ||
| Q3 25 | $17.2B | — | ||
| Q2 25 | $17.3B | — | ||
| Q1 25 | $16.6B | — | ||
| Q4 24 | $16.8B | $22.6B | ||
| Q3 24 | $17.8B | — | ||
| Q2 24 | $15.9B | — | ||
| Q1 24 | $15.5B | — |
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 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | 2.52× | 3.12× |
| 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JLLSE
| Q4 25 | $1.0B | $5.0B | ||
| Q3 25 | $617.1M | $3.5B | ||
| Q2 25 | $332.8M | $2.4B | ||
| Q1 25 | $-767.6M | $756.9M | ||
| Q4 24 | $927.3M | — | ||
| Q3 24 | $261.6M | — | ||
| Q2 24 | $273.9M | — | ||
| Q1 24 | $-677.5M | $468.5M |
现金转化率JLLSE
| Q4 25 | 2.52× | 3.12× | ||
| Q3 25 | 2.77× | 9.46× | ||
| Q2 25 | 3.01× | 5.73× | ||
| Q1 25 | -13.35× | — | ||
| Q4 24 | 3.84× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 3.25× | — | ||
| 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% |
SE
暂无分部数据
