Jones Lang LaSalle Incorporated

JLL Real Estate Real Estate Services

Jones Lang LaSalle Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $26.1 billion, up 11.4% from fiscal 2024. In the quarter to June 2026, revenue grew 10.8%, EPS grew 97.5%, free cash flow grew 51.9% and total debt fell 16.9%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

305.51 5.28 −1.70%
Market cap
$14.3B
P/E
14.3×
Fwd P/E
13.2×
Dividend yield
—
F-score
9/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
14.54 27.79 11.91 16.27 18.97 14.21 12.03 39.43 22.03 20.06
Piotroski F-Score
4 6 6 3 6 6 6 7 9 9
P/S ratio
0.36 0.48 0.35 0.47 0.46 0.71 0.38 0.43 0.51 0.61
P/FCF ratio
0.00 10.78 13.03 28.61 7.94 17.22 0.00 22.89 20.04 16.28
P/Operating CF
12.35 13.39 9.53 11.52 10.20 18.00 13.08 12.20 12.96 15.75
P/B ratio
1.64 2.07 1.54 1.63 1.37 2.14 1.28 1.39 1.74 2.09
Price to Tangible BV
0.00 19.17 8.23 23.93 10.87 14.99 10.41 8.58 7.71 7.08
EV/Sales
0.43 0.52 0.37 0.52 0.47 0.73 0.44 0.48 0.55 0.62
EV/EBITDA
12.36 13.67 8.45 13.02 9.03 10.37 7.67 11.17 10.44 11.02
EV/Operating CF
25.30 9.34 9.88 19.25 7.04 14.48 45.55 17.42 16.31 13.59
EV/FCF
(94.82) 11.53 13.50 31.47 8.13 17.67 (1,543.24) 25.79 21.35 16.58
Quick Ratio
1.43 1.66 1.65 1.57 1.99 1.59 1.74 1.80 1.87 2.10
Current Ratio
1.59 1.66 1.65 1.72 2.17 1.70 1.88 1.94 2.00 2.23
Net Debt/EBITDA
1.61 0.66 0.22 0.85 0.21 0.27 1.04 1.26 0.64 0.20
Debt/Assets
16.61% 8.13% 6.87% 9.49% 5.28% 6.17% 11.23% 9.57% 7.15% 5.00%
Debt/Equity
0.45 0.22 0.18 0.25 0.13 0.15 0.29 0.24 0.17 0.12
Asset Turnover
1.88 1.71 1.69 1.52 1.19 1.30 1.34 1.31 1.43 1.51
Operating CF/Net income
0.68 2.89 1.25 0.91 2.77 1.01 0.31 2.55 1.44 1.51
Capex/Depreciation
(1.64) (0.79) (0.74) (0.68) (0.48) (0.56) (0.65) (0.58) (0.52) (0.58)
Interest Coverage
10.06 9.71 13.83 12.68 10.59 26.02 11.54 4.26 6.34 10.23
ROE
11.90% 8.91% 13.61% 11.96% 7.44% 16.00% 10.43% 3.59% 8.22% 10.91%
ROA
4.77% 3.27% 5.02% 4.51% 2.88% 6.45% 4.21% 1.42% 3.33% 4.58%
ROIC
7.45% 8.83% 11.21% 7.39% 6.03% 9.62% 7.36% 4.78% 7.07% 8.67%
Return on Tangible Assets
19.31% 12.59% 19.86% 17.99% 10.48% 30.43% 19.42% 6.13% 13.53% 16.37%
Average Days of Receivables
74.39 97.74 95.90 90.99 106.88 91.92 86.58 95.97 93.67 91.94
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
16.97% 18.00% 18.08% 17.33% 47.94% 43.82% 46.26% 48.53% 48.19% 48.88%
Intangible Assets out of Total Assets
0.38 0.33 0.30 0.35 0.34 0.35 0.35 0.33 0.32 0.30
Share Based Compensation of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Graham Net Nets
(0.34) (0.25) (0.26) (0.36) (0.37) (0.24) (0.45) (0.38) (0.25) (0.16)
Graham Number
99.37 96.40 140.08 160.49 138.20 231.74 196.30 119.81 193.73 246.47
Earnings Yield
6.88% 3.60% 8.40% 6.15% 5.27% 7.04% 8.31% 2.54% 4.54% 4.98%
Free Cash Flow Yield
(1.28%) 9.28% 7.67% 3.50% 12.59% 5.81% (0.07%) 4.37% 4.99% 6.14%
Revenue per Share
287.71 318.94 358.51 369.67 320.99 380.36 430.56 435.89 493.40 551.53
Operating CF per Share
4.93 17.63 13.27 9.95 21.57 19.10 4.13 12.09 16.54 25.22
Capex per Share
(6.25) (3.34) (3.56) (3.86) (2.89) (3.45) (4.25) (3.92) (3.91) (4.55)
Free Cash Flow per Share
(1.32) 14.28 9.72 6.08 18.68 15.64 (0.12) 8.17 12.63 20.66
Cash per Share
5.72 5.91 10.57 9.29 11.11 11.66 10.72 8.61 8.77 12.65
Shareholders Equity per Share
62.34 74.55 82.05 106.99 108.55 125.96 126.77 134.58 145.18 160.99
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
62.34 74.55 82.05 106.99 108.55 125.96 126.77 134.58 145.18 160.99
Free Cash Flow
(59.40) 647.30 442.20 296.00 965.30 796.50 (5.90) 388.90 599.80 978.50
Working Capital
1,204.00 1,648.60 1,870.00 2,268.80 3,176.90 2,420.10 2,786.80 3,062.20 3,442.80 4,207.30
Capital Expenditures
(282.00) (151.40) (161.90) (187.80) (149.40) (175.90) (205.80) (186.90) (185.50) (215.60)
Net Current Asset Value
(1,581.70) (1,738.00) (1,522.40) (3,060.40) (2,804.60) (3,231.30) (3,513.60) (3,339.80) (2,981.60) (2,550.60)
EV/EBIT
12.36 13.67 8.45 13.02 14.04 13.49 10.49 17.40 14.75 14.78
Capex to Sales
0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Price to Operating Income
10.15 12.78 8.15 11.84 13.72 13.14 9.07 15.44 13.85 14.51
Other line items
Depreciation/Fixed assets
0.34 0.35 0.38 0.39 0.47 0.42 0.55 0.52 0.60 0.59
Cash ROIC
(1.37%) 14.72% 9.02% 4.26% 13.91% 10.00% (0.07%) 4.65% 7.05% 10.74%
Accounts Receivable Turnover
5.44 4.43 4.00 4.10 3.55 3.98 4.25 3.99 4.09 4.15
Accounts Payable Turnover
12.99 12.08 11.03 10.79 6.12 7.65 8.01 7.39 8.06 8.77
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Days of Payables
30.52 32.63 37.02 34.19 58.23 48.34 45.09 52.55 43.91 42.80
Days of Inventory on Hand
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Receivables
2,386.40 3,259.00 4,078.95 4,385.25 4,670.25 4,867.50 4,913.05 5,203.75 5,736.30 6,296.15
Average Payables
779.40 919.65 1,127.25 1,275.40 1,259.60 1,246.30 1,249.80 1,321.75 1,364.70 1,360.40
Average Assets
6,908.25 8,441.90 9,639.95 11,849.05 13,994.55 14,910.75 15,549.35 15,829.25 16,414.30 17,282.45
Average Common Equity
2,766.50 3,096.45 3,556.35 4,469.60 5,407.35 6,011.70 6,277.95 6,276.20 6,652.50 7,259.05

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