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仲量联行（JLL）与Block, Inc.（XYZ）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Block, Inc.的1.2倍（$7.6B vs $6.3B），仲量联行净利率更高（5.3% vs 1.9%，领先3.4%），仲量联行同比增速更快（11.7% vs 3.6%），过去两年仲量联行的营收复合增速更高（21.9% vs 2.4%）
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。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
JLL vs XYZ — 直观对比
营收规模更大
JLL
是对方的1.2倍
$6.3B
营收增速更快
JLL
高出8.1%
3.6%
净利率更高
JLL
高出3.4%
1.9%
两年增速更快
JLL
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.6B | $6.3B |
| 净利润 | $401.8M | $115.8M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 6.7% | 7.8% |
| 净利率 | 5.3% | 1.9% |
| 营收同比 | 11.7% | 3.6% |
| 净利润同比 | 66.6% | -94.1% |
| 每股收益（稀释后） | $8.33 | $0.19 |
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JLLXYZ
| Q4 25 | $7.6B | $6.3B | ||
| Q3 25 | $6.5B | $6.1B | ||
| Q2 25 | $6.3B | $6.1B | ||
| Q1 25 | $5.7B | $5.8B | ||
| Q4 24 | $6.8B | $6.0B | ||
| Q3 24 | $5.9B | $6.0B | ||
| Q2 24 | $5.6B | $6.2B | ||
| Q1 24 | $5.1B | $6.0B |
净利润JLLXYZ
| Q4 25 | $401.8M | $115.8M | ||
| Q3 25 | $222.4M | $461.5M | ||
| Q2 25 | $110.5M | $538.5M | ||
| Q1 25 | $57.5M | $189.9M | ||
| Q4 24 | $241.2M | $1.9B | ||
| Q3 24 | $155.1M | $283.8M | ||
| Q2 24 | $84.4M | $195.3M | ||
| Q1 24 | $66.1M | $472.0M |
毛利率JLLXYZ
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 43.5% | ||
| Q2 25 | — | 41.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 36.3% | ||
| Q1 24 | — | 35.2% |
营业利润率JLLXYZ
| Q4 25 | 6.7% | 7.8% | ||
| Q3 25 | 4.2% | 6.7% | ||
| Q2 25 | 3.2% | 8.0% | ||
| Q1 25 | 2.1% | 5.7% | ||
| Q4 24 | 5.5% | 0.2% | ||
| Q3 24 | 3.9% | 5.4% | ||
| Q2 24 | 2.7% | 5.0% | ||
| Q1 24 | 2.2% | 4.2% |
净利率JLLXYZ
| Q4 25 | 5.3% | 1.9% | ||
| Q3 25 | 3.4% | 7.5% | ||
| Q2 25 | 1.8% | 8.9% | ||
| Q1 25 | 1.0% | 3.3% | ||
| Q4 24 | 3.5% | 32.3% | ||
| Q3 24 | 2.6% | 4.7% | ||
| Q2 24 | 1.5% | 3.2% | ||
| Q1 24 | 1.3% | 7.9% |
每股收益（稀释后）JLLXYZ
| Q4 25 | $8.33 | $0.19 | ||
| Q3 25 | $4.61 | $0.74 | ||
| Q2 25 | $2.32 | $0.87 | ||
| Q1 25 | $1.14 | $0.30 | ||
| Q4 24 | $4.98 | $3.06 | ||
| Q3 24 | $3.20 | $0.45 | ||
| Q2 24 | $1.75 | $0.31 | ||
| Q1 24 | $1.37 | $0.74 |
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 | $6.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.5B | $22.2B |
| 总资产 | $17.8B | $39.5B |
| 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JLLXYZ
| Q4 25 | $599.1M | $6.6B | ||
| Q3 25 | $428.9M | $8.3B | ||
| Q2 25 | $401.4M | $6.4B | ||
| Q1 25 | $432.4M | $7.1B | ||
| Q4 24 | $416.3M | $8.1B | ||
| Q3 24 | $437.8M | $8.3B | ||
| Q2 24 | $424.4M | $7.8B | ||
| Q1 24 | $396.7M | $5.8B |
总债务JLLXYZ
| Q4 25 | — | — | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $4.1B |
股东权益JLLXYZ
| Q4 25 | $7.5B | $22.2B | ||
| Q3 25 | $7.2B | $22.5B | ||
| Q2 25 | $7.0B | $22.2B | ||
| Q1 25 | $6.8B | $21.5B | ||
| Q4 24 | $6.8B | $21.3B | ||
| Q3 24 | $6.6B | $19.9B | ||
| Q2 24 | $6.4B | $19.3B | ||
| Q1 24 | $6.3B | $19.0B |
总资产JLLXYZ
| Q4 25 | $17.8B | $39.5B | ||
| Q3 25 | $17.2B | $39.2B | ||
| Q2 25 | $17.3B | $36.9B | ||
| Q1 25 | $16.6B | $36.4B | ||
| Q4 24 | $16.8B | $36.8B | ||
| Q3 24 | $17.8B | $36.4B | ||
| Q2 24 | $15.9B | $37.5B | ||
| Q1 24 | $15.5B | $35.6B |
负债/权益比JLLXYZ
| Q4 25 | — | — | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.22× |
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 | $621.0M |
| 自由现金流经营现金流 - 资本支出 | — | $579.8M |
| 自由现金流率自由现金流/营收 | — | 9.3% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | 2.52× | 5.36× |
| 过去12个月自由现金流最近4个季度 | — | $2.4B |
8季度趋势，按日历期对齐
经营现金流JLLXYZ
| Q4 25 | $1.0B | $621.0M | ||
| Q3 25 | $617.1M | $1.5B | ||
| Q2 25 | $332.8M | $374.3M | ||
| Q1 25 | $-767.6M | $133.3M | ||
| Q4 24 | $927.3M | $13.8M | ||
| Q3 24 | $261.6M | $684.8M | ||
| Q2 24 | $273.9M | $519.4M | ||
| Q1 24 | $-677.5M | $489.4M |
自由现金流JLLXYZ
| Q4 25 | — | $579.8M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $343.0M | ||
| Q1 25 | — | $101.5M | ||
| Q4 24 | — | $-13.2M | ||
| Q3 24 | — | $628.2M | ||
| Q2 24 | — | $481.0M | ||
| Q1 24 | — | $457.4M |
自由现金流率JLLXYZ
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | -0.2% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 7.7% |
资本支出强度JLLXYZ
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.5% |
现金转化率JLLXYZ
| Q4 25 | 2.52× | 5.36× | ||
| Q3 25 | 2.77× | 3.14× | ||
| Q2 25 | 3.01× | 0.70× | ||
| Q1 25 | -13.35× | 0.70× | ||
| Q4 24 | 3.84× | 0.01× | ||
| Q3 24 | 1.69× | 2.41× | ||
| Q2 24 | 3.25× | 2.66× | ||
| Q1 24 | -10.25× | 1.04× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
