JONES LANG LASALLE INC
JLL· NYSE· Real Estate Agents & Managers (For Others)
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- –
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +9.5%
We record prices for the companies we cover; JLL is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 48.3M
- Revenue
- $26.1B
- Free cash flow
- –
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 4.2%
- Net
- 3.0%
- Free cash flow
- –
- Owner earnings
- –
- Stock pay
- 0.0%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 10.6%
- ROE, 5 yr avg
- 9.7%
Growth (CAGR)
- Revenue, 3 yr
- 7.8%
- Revenue, 5 yr
- 9.5%
- Revenue, 9 yr
- 8.1%
- Diluted EPS, 3 yr
- 7.3%
- Diluted EPS, 5 yr
- 16.3%
- Diluted EPS, 9 yr
- 9.5%
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $599.1M
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -1.6%
Financials: ten years from the 10-Ks
Revenue
$26.1B
+8.1% a year over 9 years
FY2016FY2025
Margins
Operating4.2%Net3.0%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow–Owner earnings–
Free cash flow +113.0% a year
FY2016FY2025
Diluted shares
48.3M
+6.1% over 9 years, net dilution
FY2016FY2025
Return on invested capital
–
FY2025
FY2016FY2025
Net debt (below zero)
–
$103.7M more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $13.0B | $14.5B | $16.3B | $18.0B | $16.6B | $19.4B | $20.9B | $20.8B | $23.4B | $26.1B |
| Revenue growth | 117.8% | 11.3% | 12.9% | 10.2% | -7.7% | 16.7% | 7.7% | -0.5% | 12.9% | 11.4% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 3.5% | 3.8% | 4.3% | 4.0% | 3.4% | 5.4% | 4.2% | 2.8% | 3.7% | 4.2% |
| Net income | $329.7M | $276.4M | $484.5M | $535.3M | $402.5M | $961.6M | $654.5M | $225.4M | $546.8M | $792.1M |
| Net margin | 2.5% | 1.9% | 3.0% | 3.0% | 2.4% | 5.0% | 3.1% | 1.1% | 2.3% | 3.0% |
| Diluted EPS | $7.23 | $6.03 | $10.54 | $10.87 | $7.70 | $18.47 | $13.27 | $4.67 | $11.30 | $16.40 |
| Return on invested capital? | 11.7% | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $222.6M | $798.7M | $604.1M | $483.8M | $1.1B | $972.4M | $199.9M | $575.8M | $785.3M | $1.2B |
| Capital expenditure | $99.8M | $2.3M | $47.1M | – | – | – | – | – | – | – |
| Free cash flow | $122.8M | $796.4M | $557.0M | – | – | – | – | – | – | – |
| Stock-based compensation | $26.9M | $25.2M | $0 | $28.0M | $36.7M | $17.8M | $6.1M | $3.4M | $2.3M | $2.7M |
| Owner earnings? | $95.9M | $771.2M | $557.0M | – | – | – | – | – | – | – |
| Free cash flow per share | $2.70 | $17.40 | $12.13 | – | – | – | – | – | – | – |
| Capital allocation | ||||||||||
| Dividends paid | $29.4M | $33.1M | $37.8M | $42.7M | $0 | $0 | – | – | – | – |
| Share repurchases | – | – | $0 | $0 | $100.0M | $343.3M | $601.2M | $61.6M | $80.7M | $211.5M |
| Diluted shares | 45.5M | 45.8M | 45.9M | 49.2M | 52.3M | 52.1M | 49.3M | 48.3M | 48.4M | 48.3M |
| Share count change? | 0.2% | 0.5% | 0.4% | 7.0% | 6.4% | -0.4% | -5.2% | -2.1% | 0.2% | -0.1% |
| Balance sheet | ||||||||||
| Cash and equivalents | $258.5M | $268.0M | $480.9M | $451.9M | $574.3M | $593.7M | $519.3M | $410.0M | $416.3M | $599.1M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $362.2M | – | – | – | – | – | – | – | – | – |
| Net debt | $103.7M | – | – | – | – | – | – | – | – | – |
| Shareholders' equity | $2.8B | $3.3B | $3.7B | $5.1B | $5.5B | $6.2B | $6.0B | $6.3B | $6.8B | $7.5B |
Latest filings
| 2026-10-28 | 10-Q | Quarterly report |
| 2026-10-28 | 8-K | Earnings release |
| 2026-07-30 | 10-Q | Quarterly report |
| 2026-07-30 | 8-K | Earnings release |
| 2026-04-30 | 10-Q | Quarterly report |
| 2026-04-30 | 8-K | Earnings release |
| 2026-04-17 | DEF 14A | Proxy statement |
| 2026-02-19 | 10-K | Annual report |
| 2026-02-18 | 8-K | Earnings release |
| 2025-11-05 | 10-Q | Quarterly report |
More from our coverage
- MSFTPlatforms8.4MicrosoftThe most entrenched software franchise in the enterprise, now spending its cash flow on AI capacity; a great business we would own with a margin of safety, not at any price.Base value $410.29
- NVDAAI infrastructure8.4NVIDIAThe best business in technology at the top of its cycle: the moat is CUDA as much as silicon, but today's margins are a peak, not a floor.Base value $104.32
- AAPLHardware7.6AppleOne of the highest-quality businesses in the world growing in the low single digits; the price usually assumes more growth than the numbers show.Base value $134.27
- GOOGLPlatforms7.4AlphabetSearch pays for everything, and AI is both its biggest threat and its biggest opportunity; the price has to allow for search being worth less than it was.Base value $209.60
- NOWSoftware7.4ServiceNowA rare enterprise platform still growing above 20% with high retention; the free cash flow is real but stock pay takes a large share of it.Base value $189.13
- ADBESoftware7.4AdobeSuperb margins and a shrinking share count, priced for decline; the question is whether AI makes Adobe's tools more valuable or makes them unnecessary.Base value $449.35
