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仲量联行（JLL）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是仲量联行的1.2倍（$7.4B vs $6.4B），美国合众银行净利率更高（27.8% vs 2.5%，领先25.3%），仲量联行同比增速更快（11.1% vs 5.1%），过去两年仲量联行的营收复合增速更高（6.5% vs 4.7%）
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。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
JLL vs USB — 直观对比
营收规模更大
USB
是对方的1.2倍
$6.4B
营收增速更快
JLL
高出6.1%
5.1%
净利率更高
USB
高出25.3%
2.5%
两年增速更快
JLL
近两年复合增速
4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.4B | $7.4B |
| 净利润 | $159.0M | $2.0B |
| 毛利率 | — | — |
| 营业利润率 | 3.2% | 34.4% |
| 净利率 | 2.5% | 27.8% |
| 营收同比 | 11.1% | 5.1% |
| 净利润同比 | — | 23.0% |
| 每股收益（稀释后） | $3.33 | $1.26 |
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JLLUSB
| Q1 26 | $6.4B | — | ||
| Q4 25 | $7.6B | $7.4B | ||
| Q3 25 | $6.5B | $7.3B | ||
| Q2 25 | $6.3B | $7.0B | ||
| Q1 25 | $5.7B | $7.0B | ||
| Q4 24 | $6.8B | $7.0B | ||
| Q3 24 | $5.9B | $6.9B | ||
| Q2 24 | $5.6B | $6.9B |
净利润JLLUSB
| Q1 26 | $159.0M | — | ||
| Q4 25 | $401.8M | $2.0B | ||
| Q3 25 | $222.4M | $2.0B | ||
| Q2 25 | $110.5M | $1.8B | ||
| Q1 25 | $57.5M | $1.7B | ||
| Q4 24 | $241.2M | $1.7B | ||
| Q3 24 | $155.1M | $1.7B | ||
| Q2 24 | $84.4M | $1.6B |
营业利润率JLLUSB
| Q1 26 | 3.2% | — | ||
| Q4 25 | 6.7% | 34.4% | ||
| Q3 25 | 4.2% | 34.5% | ||
| Q2 25 | 3.2% | 32.7% | ||
| Q1 25 | 2.1% | 31.0% | ||
| Q4 24 | 5.5% | 30.1% | ||
| Q3 24 | 3.9% | 30.2% | ||
| Q2 24 | 2.7% | 29.9% |
净利率JLLUSB
| Q1 26 | 2.5% | — | ||
| Q4 25 | 5.3% | 27.8% | ||
| Q3 25 | 3.4% | 27.3% | ||
| Q2 25 | 1.8% | 25.9% | ||
| Q1 25 | 1.0% | 24.6% | ||
| Q4 24 | 3.5% | 23.7% | ||
| Q3 24 | 2.6% | 25.0% | ||
| Q2 24 | 1.5% | 23.3% |
每股收益（稀释后）JLLUSB
| Q1 26 | $3.33 | — | ||
| Q4 25 | $8.33 | $1.26 | ||
| Q3 25 | $4.61 | $1.22 | ||
| Q2 25 | $2.32 | $1.11 | ||
| Q1 25 | $1.14 | $1.03 | ||
| Q4 24 | $4.98 | $1.01 | ||
| Q3 24 | $3.20 | $1.03 | ||
| Q2 24 | $1.75 | $0.97 |
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 | $65.2B |
| 总资产 | $17.9B | $692.3B |
| 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JLLUSB
| Q1 26 | $436.2M | — | ||
| Q4 25 | $599.1M | — | ||
| Q3 25 | $428.9M | — | ||
| Q2 25 | $401.4M | — | ||
| Q1 25 | $432.4M | — | ||
| Q4 24 | $416.3M | — | ||
| Q3 24 | $437.8M | — | ||
| Q2 24 | $424.4M | — |
股东权益JLLUSB
| Q1 26 | $7.4B | — | ||
| Q4 25 | $7.5B | $65.2B | ||
| Q3 25 | $7.2B | $63.3B | ||
| Q2 25 | $7.0B | $61.4B | ||
| Q1 25 | $6.8B | $60.1B | ||
| Q4 24 | $6.8B | $58.6B | ||
| Q3 24 | $6.6B | $58.9B | ||
| Q2 24 | $6.4B | $56.4B |
总资产JLLUSB
| Q1 26 | $17.9B | — | ||
| Q4 25 | $17.8B | $692.3B | ||
| Q3 25 | $17.2B | $695.4B | ||
| Q2 25 | $17.3B | $686.4B | ||
| Q1 25 | $16.6B | $676.5B | ||
| Q4 24 | $16.8B | $678.3B | ||
| Q3 24 | $17.8B | $686.5B | ||
| Q2 24 | $15.9B | $680.1B |
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 | $2.8B |
| 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× | 1.39× |
| 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JLLUSB
| Q1 26 | $-17.7M | — | ||
| Q4 25 | $1.0B | $2.8B | ||
| Q3 25 | $617.1M | $3.4B | ||
| Q2 25 | $332.8M | $2.0B | ||
| Q1 25 | $-767.6M | $-285.0M | ||
| Q4 24 | $927.3M | $4.8B | ||
| Q3 24 | $261.6M | $972.0M | ||
| Q2 24 | $273.9M | $2.9B |
自由现金流JLLUSB
| Q1 26 | $-819.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率JLLUSB
| Q1 26 | -12.8% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率JLLUSB
| Q1 26 | -0.11× | — | ||
| Q4 25 | 2.52× | 1.39× | ||
| Q3 25 | 2.77× | 1.69× | ||
| Q2 25 | 3.01× | 1.12× | ||
| Q1 25 | -13.35× | -0.17× | ||
| Q4 24 | 3.84× | 2.87× | ||
| Q3 24 | 1.69× | 0.57× | ||
| Q2 24 | 3.25× | 1.79× |
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% |
USB
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