Real Estate · Real Estate - Services
Price
$310.33
Market Cap
$14.4B
Employees
112,100
Beta
1.29
Avg Volume
400,860
CEO
Christian Ulbrich
Business Description
Jones Lang LaSalle Incorporated (JLL) operates as a leading global professional services firm, specializing in comprehensive real estate and investment management solutions. Its extensive reach spans the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. JLL's real estate offerings are broad, encompassing services such as tenant and landlord representation. It also provides a robust suite of capital markets solutions, including financing advisory (debt and equity), loan servicing, strategic merger and acquisition guidance, and investment sales support. The company manages diverse property types on-site, including office, industrial, retail, and multifamily residential assets, while also delivering integrated facilities management. Furthermore, JLL offers project management and consulting services—covering design, construction, and strategic advice—for tenants of leased spaces, owner-occupiers, and real estate investors. Its advisory capabilities extend to general consulting, valuation, and energy and sustainability services. Beyond its real estate expertise, JLL provides investment management services to a varied client base, including institutional investors, retail investors, and high-net-worth individuals. The firm caters to a wide spectrum of clients, from property owners and occupiers to investors and developers, across an exceptionally diverse portfolio of property types. These include commercial assets like office, industrial, and retail, alongside residential spaces and highly specialized properties such as cultural, educational, government, healthcare, laboratory, hotel, and sports facilities. The company also handles critical environment, data, transportation, and fulfillment centers, as well as infrastructure projects and military housing. Founded in 1997 as LaSalle Partners Incorporated, the company officially adopted its current name, Jones Lang LaSalle Incorporated, in March 1999. Its global operations are headquartered in Chicago, Illinois.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
18.55
Stock Price: $310.33
EPS (Diluted): 16.73
EPS (Diluted): 16.73
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.12
Stock Price: $310.33
Total Equity: $7.50B
Shares: 48,312,000
Total Equity: $7.50B
Shares: 48,312,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
13.93
Market Cap: $14.40B
Total Debt: $2.59B
Cash: $599.10M
EBITDA: $1.34B
Total Debt: $2.59B
Cash: $599.10M
EBITDA: $1.34B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$18.7B
Market Cap: $14.40B
Total Debt: $2.59B
Cash: $599.10M
Total Debt: $2.59B
Cash: $599.10M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
99.0%
Gross Profit: $25.86B
Revenue: $26.12B
Revenue: $26.12B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
4.5%
Operating Income: $1.17B
Revenue: $26.12B
Revenue: $26.12B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
3.0%
Net Income: $792.10M
Revenue: $26.12B
Revenue: $26.12B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
10.6%
Net Income: $792.10M
Total Equity: $7.50B
Total Equity: $7.50B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
10.0%
Operating Income: $1.17B
Tax Rate: 19.3%
Equity: $7.50B
Total Debt: $2.59B
Cash: $599.10M
Tax Rate: 19.3%
Equity: $7.50B
Total Debt: $2.59B
Cash: $599.10M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
7.49
Current Assets: $7.63B
Current Liabilities: $1.02B
Current Liabilities: $1.02B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.35
Short-Term Debt: $1.02B
Long-Term Debt: $1.57B
Total Debt: $2.59B
Total Equity: $7.50B
Long-Term Debt: $1.57B
Total Debt: $2.59B
Total Equity: $7.50B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$540.56
Revenue: $26.12B
Shares: 48,312,000
Shares: 48,312,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$155.30
Total Equity: $7.50B
Shares: 48,312,000
Shares: 48,312,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$20.25
Operating CF: $1.19B
CapEx: -$215.60M
Shares: 48,312,000
CapEx: -$215.60M
Shares: 48,312,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $310.33
Stock Price: $310.33
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $792.10M
Net Income: $792.10M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares JLL against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:58pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $19.4B | $20.9B | $20.8B | $23.4B | $26.1B |
| Cost of Revenue | $8.5B | $9.7B | $10.1B | $11.3B | $252.8M |
| Gross Profit | $10.9B | $11.2B | $10.7B | $12.1B | $25.9B |
| Operating Expenses | $9.8B | $10.3B | $10.1B | $11.3B | $24.7B |
| Operating Income | $1.0B | $868.1M | $576.5M | $868.1M | $1.2B |
| Net Income | $961.6M | $654.5M | $225.4M | $546.8M | $792.1M |
| EBITDA | $1.3B | $1.2B | $1.0B | $1.2B | $1.3B |
| EPS | $18.89 | $13.51 | $4.73 | $11.51 | $16.73 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:58pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $593.7M | $519.3M | $410.0M | $416.3M | $599.1M |
| Total Current Assets | $6.4B | $6.6B | $6.9B | $7.5B | $7.6B |
| Total Assets | $15.5B | $15.6B | $16.1B | $16.8B | $17.8B |
| Current Liabilities | $6.5B | $5.9B | $6.4B | $7.1B | $1.0B |
| Long-Term Debt | $533.8M | $1.6B | $1.4B | $845.3M | $1.6B |
| Total Liabilities | $9.1B | $9.4B | $9.7B | $9.9B | $10.2B |
| Total Equity | $6.2B | $6.0B | $6.3B | $6.8B | $7.5B |
| Retained Earnings | $4.9B | $5.6B | $5.8B | $6.3B | $7.1B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:58pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $972.4M | $199.9M | $575.8M | $785.3M | $1.2B |
| Capital Expenditure | -$175.9M | -$205.8M | -$186.9M | -$185.5M | -$215.6M |
| Free Cash Flow | $796.5M | -$5.9M | $388.9M | $599.8M | $978.5M |
| Acquisitions (net) | -$416.8M | -$5.7M | -$13.6M | -$57.2M | -$7.7M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$395.8M | -$688.4M | -$92.2M | -$112.5M | -$251.1M |
| Net Change in Cash | $1.8M | -$95.6M | -$82.6M | -$10.7M | $246.2M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 12:26pm (20h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$30.3B $29.7B – $31.0B
|
$32.1B $32.1B – $32.2B
|
$34.8B $33.6B – $35.8B
|
$36.8B $35.6B – $37.9B
|
| EBITDA |
$1.7B $1.7B – $1.7B
|
$1.8B $1.8B – $1.8B
|
$2.0B $1.9B – $2.0B
|
$2.1B $2.0B – $2.1B
|
| Net Income |
$1.2B $1.2B – $1.3B
|
$1.4B $1.3B – $1.5B
|
$1.6B $1.5B – $1.7B
|
$1.9B $1.8B – $2.0B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:58pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +7.7% | -0.5% | +12.9% | +11.4% |
| Gross Profit Growth | +3.0% | -4.7% | +13.6% | +113.0% |
| Operating Income Growth | -16.8% | -33.6% | +50.6% | +35.2% |
| Net Income Growth | -31.9% | -65.6% | +142.6% | +44.9% |
| EBITDA Growth | -10.8% | -15.6% | +23.3% | +7.4% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:58pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2019-11-14 | $0.43 | 2019-11-05 | 2019-11-15 | 2019-12-13 |
| 2019-05-16 | $0.43 | 2019-05-07 | 2019-05-17 | 2019-06-14 |
| 2018-11-15 | $0.41 | 2018-11-06 | 2018-11-16 | 2018-12-14 |
| 2018-05-17 | $0.41 | 2018-05-08 | 2018-05-18 | 2018-06-15 |
| 2017-11-15 | $0.37 | 2017-11-06 | 2017-11-16 | 2017-12-15 |
| 2017-05-11 | $0.35 | 2017-05-08 | 2017-05-15 | 2017-06-15 |
| 2016-11-10 | $0.33 | 2016-11-02 | 2016-11-15 | 2016-12-15 |
| 2016-05-11 | $0.31 | 2016-04-27 | 2016-05-13 | 2016-06-15 |
| 2015-11-10 | $0.29 | 2015-10-28 | 2015-11-13 | 2015-12-15 |
| 2015-05-13 | $0.27 | 2015-04-27 | 2015-05-15 | 2015-06-15 |
| 2014-11-12 | $0.25 | 2014-10-29 | 2014-11-14 | 2014-12-15 |
| 2014-09-25 | $0.12 | |||
| 2014-06-25 | $0.11 | 2014-05-12 | 2014-06-27 | 2014-08-01 |
| 2014-05-13 | $0.23 | 2014-04-30 | 2014-05-15 | 2014-06-13 |
| 2013-12-26 | $0.11 | 2013-11-22 | 2013-12-30 | 2014-02-07 |
| 2013-11-13 | $0.22 | 2013-10-28 | 2013-11-15 | 2013-12-13 |
| 2013-05-14 | $0.22 | 2013-05-13 | 2013-05-15 | 2013-06-14 |
| 2012-11-13 | $0.20 | 2012-10-29 | 2012-11-15 | 2012-12-14 |
| 2012-05-11 | $0.20 | 2012-05-01 | 2012-05-15 | 2012-06-15 |
| 2011-11-10 | $0.15 | 2011-11-03 | 2011-11-15 | 2011-12-15 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for JLL — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30