Annual Income Statements for Jones Lang LaSalle
This table shows Jones Lang LaSalle's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Jones Lang LaSalle
This table shows Jones Lang LaSalle's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
140 |
175 |
-9.20 |
2.50 |
60 |
172 |
66 |
84 |
155 |
241 |
55 |
Consolidated Net Income / (Loss) |
|
138 |
176 |
-8.70 |
3.20 |
59 |
172 |
66 |
85 |
155 |
242 |
58 |
Net Income / (Loss) Continuing Operations |
|
138 |
176 |
-8.70 |
3.20 |
59 |
172 |
66 |
85 |
155 |
242 |
58 |
Total Pre-Tax Income |
|
180 |
221 |
-11 |
4.00 |
74 |
185 |
82 |
105 |
192 |
301 |
72 |
Total Revenue |
|
5,178 |
10,388 |
4,716 |
5,053 |
5,111 |
5,881 |
5,125 |
5,629 |
5,869 |
6,811 |
5,746 |
Net Interest Income / (Expense) |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
Total Interest Income |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
Total Interest Expense |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
Total Non-Interest Income |
|
5,178 |
10,388 |
4,716 |
5,053 |
5,111 |
5,881 |
5,125 |
5,629 |
5,869 |
6,811 |
5,746 |
Other Non-Interest Income |
|
5,178 |
- |
4,716 |
5,053 |
5,111 |
5,881 |
5,125 |
5,629 |
5,869 |
6,811 |
5,746 |
Total Non-Interest Expense |
|
4,974 |
10,127 |
4,698 |
4,905 |
4,989 |
5,588 |
5,009 |
5,467 |
5,638 |
6,433 |
5,625 |
Salaries and Employee Benefits |
|
2,496 |
2,549 |
2,253 |
2,417 |
2,435 |
2,666 |
2,416 |
2,599 |
2,855 |
3,125 |
2,675 |
Other Operating Expenses |
|
2,402 |
2,700 |
2,352 |
2,415 |
2,467 |
2,841 |
2,532 |
2,803 |
2,729 |
3,227 |
2,861 |
Depreciation Expense |
|
56 |
63 |
58 |
60 |
59 |
62 |
61 |
62 |
66 |
67 |
72 |
Impairment Charge |
|
21 |
38 |
36 |
12 |
32 |
22 |
1.70 |
12 |
-8.80 |
19 |
20 |
Other Special Charges |
|
-0.50 |
4,777 |
-0.10 |
1.20 |
-3.00 |
-3.00 |
-1.50 |
-9.70 |
-2.90 |
-4.80 |
-1.70 |
Nonoperating Income / (Expense), net |
|
-23 |
- |
-29 |
-144 |
-48 |
-108 |
-34 |
-57 |
-39 |
-77 |
-50 |
Income Tax Expense |
|
42 |
45 |
-2.30 |
0.80 |
15 |
13 |
16 |
21 |
37 |
59 |
14 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-2.10 |
1.10 |
0.50 |
0.70 |
-0.40 |
- |
-0.50 |
0.10 |
-0.30 |
0.70 |
2.20 |
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders) |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
Basic Earnings per Share |
|
$2.93 |
$3.68 |
($0.19) |
$0.05 |
$1.25 |
$3.62 |
$1.39 |
$1.77 |
$3.26 |
$5.09 |
$1.17 |
Weighted Average Basic Shares Outstanding |
|
47.86M |
48.45M |
47.56M |
47.75M |
47.66M |
47.63M |
47.49M |
47.54M |
47.51M |
47.49M |
47.47M |
Diluted Earnings per Share |
|
$2.88 |
$3.63 |
($0.19) |
$0.05 |
$1.23 |
$3.58 |
$1.37 |
$1.75 |
$3.20 |
$4.98 |
$1.14 |
Weighted Average Diluted Shares Outstanding |
|
48.63M |
49.34M |
0.00 |
48.33M |
48.39M |
48.29M |
48.28M |
48.32M |
48.50M |
48.37M |
48.38M |
Weighted Average Basic & Diluted Shares Outstanding |
|
47.46M |
95.20M |
47.76M |
47.68M |
47.57M |
94.89M |
47.56M |
47.46M |
47.44M |
47.39M |
47.47M |
Cash Dividends to Common per Share |
|
$0.00 |
- |
$0.00 |
$0.00 |
$0.00 |
- |
$0.00 |
$0.00 |
$0.00 |
- |
$0.00 |
Annual Cash Flow Statements for Jones Lang LaSalle
This table details how cash moves in and out of Jones Lang LaSalle's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-34 |
47 |
18 |
179 |
18 |
188 |
1.80 |
-96 |
-83 |
-11 |
Net Cash From Operating Activities |
|
376 |
223 |
799 |
604 |
484 |
1,115 |
972 |
200 |
576 |
785 |
Net Cash From Continuing Operating Activities |
|
376 |
223 |
799 |
621 |
484 |
1,115 |
972 |
200 |
576 |
785 |
Net Income / (Loss) Continuing Operations |
|
446 |
346 |
280 |
492 |
538 |
423 |
959 |
793 |
226 |
547 |
Consolidated Net Income / (Loss) |
|
446 |
346 |
280 |
492 |
538 |
423 |
959 |
793 |
226 |
547 |
Provision For Loan Losses |
|
15 |
21 |
26 |
19 |
31 |
46 |
12 |
27 |
20 |
38 |
Depreciation Expense |
|
108 |
142 |
167 |
186 |
202 |
226 |
218 |
228 |
238 |
256 |
Amortization Expense |
|
23 |
30 |
25 |
32 |
80 |
89 |
101 |
86 |
83 |
97 |
Non-Cash Adjustments to Reconcile Net Income |
|
-17 |
-8.90 |
-15 |
5.50 |
-24 |
-89 |
-265 |
-164 |
243 |
112 |
Changes in Operating Assets and Liabilities, net |
|
-199 |
-308 |
316 |
-130 |
-343 |
420 |
-52 |
-770 |
-234 |
-265 |
Net Cash From Investing Activities |
|
-585 |
-806 |
-171 |
-280 |
-1,050 |
-171 |
-806 |
-243 |
-290 |
-317 |
Net Cash From Continuing Investing Activities |
|
-585 |
-806 |
-171 |
-280 |
-1,050 |
-171 |
-806 |
-243 |
-290 |
-317 |
Acquisitions |
|
- |
- |
- |
-101 |
- |
- |
- |
0.00 |
0.00 |
3.70 |
Purchase of Investment Securities |
|
-587 |
-798 |
-213 |
-221 |
-1,127 |
-230 |
-774 |
-244 |
-310 |
-335 |
Sale and/or Maturity of Investments |
|
57 |
92 |
45 |
52 |
156 |
58 |
39 |
0.90 |
20 |
15 |
Net Cash From Financing Activities |
|
192 |
636 |
-624 |
-141 |
585 |
-771 |
-144 |
-13 |
-374 |
-451 |
Net Cash From Continuing Financing Activities |
|
192 |
636 |
-624 |
-141 |
585 |
-771 |
-144 |
-13 |
-374 |
-451 |
Issuance of Debt |
|
2,173 |
3,145 |
3,468 |
3,149 |
5,951 |
5,153 |
5,186 |
7,560 |
8,059 |
8,953 |
Issuance of Common Equity |
|
12 |
2.80 |
3.60 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Repayment of Debt |
|
-1,889 |
-2,456 |
-4,013 |
-3,186 |
-5,339 |
-5,742 |
-4,944 |
-6,740 |
-8,284 |
-9,275 |
Repurchase of Common Equity |
|
- |
- |
- |
0.00 |
0.00 |
-100 |
-343 |
-601 |
-62 |
-81 |
Other Financing Activities, Net |
|
-79 |
-26 |
-49 |
-70 |
-25 |
-81 |
-61 |
-232 |
-81 |
-48 |
Effect of Exchange Rate Changes |
|
-17 |
-7.00 |
13 |
-20 |
-0.80 |
15 |
-21 |
-39 |
6.30 |
-28 |
Cash Interest Paid |
|
22 |
35 |
48 |
49 |
59 |
50 |
39 |
74 |
145 |
147 |
Cash Income Taxes Paid |
|
156 |
144 |
145 |
-153 |
-281 |
-139 |
-263 |
-321 |
-159 |
-285 |
Quarterly Cash Flow Statements for Jones Lang LaSalle
This table details how cash moves in and out of Jones Lang LaSalle's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
-74 |
17 |
-11 |
-122 |
-20 |
70 |
-38 |
32 |
-8.00 |
3.10 |
-8.00 |
Net Cash From Operating Activities |
|
138 |
602 |
-716 |
237 |
326 |
729 |
-678 |
274 |
262 |
927 |
-768 |
Net Cash From Continuing Operating Activities |
|
138 |
602 |
-716 |
237 |
326 |
729 |
-678 |
274 |
262 |
927 |
-768 |
Net Income / (Loss) Continuing Operations |
|
138 |
176 |
-8.70 |
3.20 |
59 |
172 |
66 |
85 |
155 |
242 |
58 |
Consolidated Net Income / (Loss) |
|
138 |
176 |
-8.70 |
3.20 |
59 |
172 |
66 |
85 |
155 |
242 |
58 |
Provision For Loan Losses |
|
5.60 |
9.60 |
7.10 |
12 |
2.70 |
-1.40 |
9.90 |
22 |
3.00 |
3.30 |
9.40 |
Depreciation Expense |
|
56 |
63 |
58 |
60 |
59 |
62 |
61 |
62 |
66 |
67 |
72 |
Amortization Expense |
|
27 |
12 |
18 |
37 |
4.40 |
23 |
13 |
47 |
20 |
19 |
24 |
Non-Cash Adjustments to Reconcile Net Income |
|
0.90 |
37 |
9.10 |
111 |
34 |
89 |
7.30 |
39 |
9.10 |
57 |
47 |
Changes in Operating Assets and Liabilities, net |
|
-89 |
304 |
-799 |
14 |
166 |
385 |
-834 |
19 |
9.70 |
540 |
-977 |
Net Cash From Investing Activities |
|
-85 |
-95 |
-74 |
-87 |
-60 |
-70 |
-54 |
-100 |
-65 |
-98 |
-153 |
Net Cash From Continuing Investing Activities |
|
-85 |
-95 |
-74 |
-87 |
-60 |
-70 |
-54 |
-100 |
-65 |
-98 |
-153 |
Acquisitions |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
0.00 |
Purchase of Investment Securities |
|
-74 |
40 |
-82 |
-86 |
-74 |
-68 |
-61 |
-101 |
-75 |
-98 |
-157 |
Sale and/or Maturity of Investments |
|
-6.40 |
-2.90 |
8.10 |
-0.80 |
14 |
-2.00 |
6.30 |
1.30 |
6.70 |
0.20 |
4.60 |
Other Investing Activities, net |
|
-4.60 |
- |
0.00 |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Net Cash From Financing Activities |
|
-101 |
-514 |
775 |
-271 |
-273 |
-606 |
703 |
-137 |
-218 |
-800 |
901 |
Net Cash From Continuing Financing Activities |
|
-101 |
-514 |
775 |
-271 |
-273 |
-606 |
703 |
-137 |
-218 |
-800 |
901 |
Issuance of Debt |
|
1,818 |
1,694 |
2,606 |
1,817 |
1,546 |
2,090 |
2,741 |
1,956 |
2,131 |
2,124 |
3,232 |
Repayment of Debt |
|
-1,746 |
-2,159 |
-1,793 |
-2,060 |
-1,787 |
-2,644 |
-1,990 |
-2,073 |
-2,319 |
-2,893 |
-2,279 |
Repurchase of Common Equity |
|
-149 |
-4.60 |
0.00 |
-20 |
-20 |
-22 |
-20 |
-20 |
-20 |
-20 |
-20 |
Payment of Dividends |
|
- |
- |
0.00 |
- |
- |
-6.50 |
0.00 |
- |
- |
- |
0.00 |
Other Financing Activities, Net |
|
-24 |
-45 |
-37 |
-8.90 |
-12 |
-23 |
-28 |
0.30 |
-10 |
-11 |
-32 |
Effect of Exchange Rate Changes |
|
-26 |
24 |
4.50 |
-0.70 |
-13 |
16 |
-9.70 |
-5.00 |
13 |
-26 |
12 |
Cash Interest Paid |
|
15 |
33 |
24 |
41 |
41 |
39 |
23 |
53 |
30 |
42 |
19 |
Cash Income Taxes Paid |
|
-82 |
-38 |
-35 |
-68 |
-23 |
-32 |
-41 |
-149 |
-53 |
-42 |
-31 |
Annual Balance Sheets for Jones Lang LaSalle
This table presents Jones Lang LaSalle's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
6,187 |
7,629 |
9,254 |
10,026 |
13,673 |
14,317 |
15,505 |
15,594 |
16,065 |
16,764 |
Cash and Due from Banks |
|
217 |
259 |
268 |
481 |
452 |
574 |
594 |
519 |
410 |
416 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
423 |
501 |
544 |
568 |
702 |
664 |
740 |
583 |
614 |
598 |
Mortgage Servicing Rights |
|
265 |
601 |
318 |
331 |
527 |
1,529 |
822 |
463 |
677 |
771 |
Goodwill |
|
2,142 |
2,579 |
2,709 |
2,698 |
4,168 |
4,225 |
4,612 |
4,528 |
4,587 |
4,611 |
Intangible Assets |
|
227 |
295 |
305 |
337 |
683 |
680 |
887 |
859 |
785 |
724 |
Other Assets |
|
2,913 |
3,395 |
5,111 |
5,611 |
7,141 |
6,645 |
7,850 |
8,642 |
8,991 |
9,643 |
Total Liabilities & Shareholders' Equity |
|
6,187 |
7,629 |
9,254 |
10,026 |
13,673 |
14,317 |
15,505 |
15,594 |
16,065 |
16,764 |
Total Liabilities |
|
3,458 |
4,808 |
5,872 |
6,291 |
8,459 |
8,699 |
9,084 |
9,444 |
9,655 |
9,869 |
Short-Term Debt |
|
312 |
670 |
387 |
351 |
274 |
1,664 |
576 |
321 |
310 |
1,351 |
Other Short-Term Payables |
|
2,138 |
2,268 |
3,927 |
4,411 |
4,701 |
4,402 |
5,114 |
5,136 |
5,474 |
5,793 |
Long-Term Debt |
|
512 |
1,178 |
675 |
656 |
1,693 |
693 |
1,330 |
2,042 |
2,053 |
845 |
Other Long-Term Liabilities |
|
495 |
692 |
883 |
874 |
1,792 |
1,878 |
2,064 |
1,946 |
1,819 |
1,879 |
Redeemable Noncontrolling Interest |
|
11 |
6.80 |
3.80 |
0.00 |
8.60 |
7.80 |
7.80 |
7.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
2,718 |
2,815 |
3,378 |
3,735 |
5,205 |
5,610 |
6,413 |
6,143 |
6,410 |
6,895 |
Total Preferred & Common Equity |
|
2,689 |
2,790 |
3,340 |
3,692 |
5,118 |
5,521 |
6,185 |
6,021 |
6,294 |
6,772 |
Total Common Equity |
|
2,689 |
2,790 |
3,340 |
3,692 |
5,118 |
5,521 |
6,185 |
6,021 |
6,294 |
6,772 |
Common Stock |
|
981 |
1,008 |
1,032 |
1,052 |
1,958 |
2,018 |
2,049 |
2,013 |
2,010 |
2,021 |
Retained Earnings |
|
2,044 |
2,333 |
2,649 |
3,096 |
3,588 |
3,976 |
4,938 |
5,590 |
5,796 |
6,335 |
Treasury Stock |
|
- |
- |
- |
- |
0.00 |
-96 |
-406 |
-935 |
-920 |
-938 |
Accumulated Other Comprehensive Income / (Loss) |
|
-336 |
-551 |
-341 |
-456 |
-428 |
-377 |
-395 |
-648 |
-592 |
-647 |
Noncontrolling Interest |
|
30 |
25 |
38 |
43 |
87 |
89 |
229 |
122 |
116 |
124 |
Quarterly Balance Sheets for Jones Lang LaSalle
This table presents Jones Lang LaSalle's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
15,379 |
15,849 |
15,826 |
15,481 |
15,482 |
15,909 |
17,817 |
16,631 |
Cash and Due from Banks |
|
489 |
485 |
403 |
390 |
397 |
424 |
438 |
432 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
732 |
586 |
586 |
589 |
600 |
597 |
599 |
586 |
Mortgage Servicing Rights |
|
672 |
882 |
1,049 |
705 |
322 |
642 |
2,056 |
602 |
Goodwill |
|
4,455 |
4,544 |
4,578 |
4,542 |
4,569 |
4,609 |
4,667 |
4,643 |
Intangible Assets |
|
862 |
833 |
821 |
803 |
763 |
744 |
721 |
702 |
Other Assets |
|
8,169 |
8,519 |
8,390 |
8,451 |
8,832 |
8,892 |
9,336 |
9,667 |
Total Liabilities & Shareholders' Equity |
|
15,379 |
15,849 |
15,826 |
15,481 |
15,482 |
15,909 |
17,817 |
16,631 |
Total Liabilities |
|
9,369 |
9,687 |
9,634 |
9,311 |
9,075 |
9,411 |
11,048 |
9,669 |
Short-Term Debt |
|
1,077 |
266 |
276 |
118 |
283 |
282 |
1,060 |
1,142 |
Other Short-Term Payables |
|
4,327 |
4,186 |
4,273 |
4,733 |
4,494 |
4,577 |
4,915 |
4,884 |
Long-Term Debt |
|
1,929 |
3,283 |
3,163 |
2,536 |
2,474 |
2,686 |
3,170 |
1,782 |
Other Long-Term Liabilities |
|
2,036 |
1,953 |
1,922 |
1,924 |
1,824 |
1,867 |
1,904 |
1,861 |
Redeemable Noncontrolling Interest |
|
7.20 |
7.10 |
7.10 |
6.80 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
6,002 |
6,155 |
6,185 |
6,163 |
6,408 |
6,498 |
6,769 |
6,962 |
Total Preferred & Common Equity |
|
5,772 |
6,034 |
6,065 |
6,045 |
6,294 |
6,379 |
6,647 |
6,839 |
Total Common Equity |
|
5,772 |
6,034 |
6,065 |
6,045 |
6,294 |
6,379 |
6,647 |
6,839 |
Common Stock |
|
2,030 |
1,972 |
2,004 |
1,999 |
1,966 |
2,002 |
2,009 |
1,990 |
Retained Earnings |
|
5,416 |
5,567 |
5,568 |
5,625 |
5,858 |
5,942 |
6,095 |
6,383 |
Treasury Stock |
|
-951 |
-884 |
-896 |
-907 |
-901 |
-914 |
-922 |
-924 |
Accumulated Other Comprehensive Income / (Loss) |
|
-723 |
-621 |
-611 |
-671 |
-629 |
-651 |
-535 |
-611 |
Noncontrolling Interest |
|
231 |
121 |
120 |
118 |
114 |
119 |
122 |
123 |
Annual Metrics And Ratios for Jones Lang LaSalle
This table displays calculated financial ratios and metrics derived from Jones Lang LaSalle's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
60.25% |
16,728.17% |
11.31% |
12.79% |
119.96% |
-53.87% |
16.74% |
7.72% |
-0.49% |
12.87% |
EBITDA Growth |
|
18.28% |
-10.47% |
14.52% |
26.91% |
1,954.86% |
-95.31% |
54.28% |
-2.94% |
-32.27% |
37.43% |
EBIT Growth |
|
19.25% |
-19.93% |
15.55% |
31.77% |
2,548.85% |
-96.93% |
83.55% |
-3.41% |
-42.91% |
52.56% |
NOPAT Growth |
|
15.03% |
-22.50% |
-19.20% |
75.92% |
12.55% |
-17.16% |
80.29% |
-1.68% |
-35.76% |
36.76% |
Net Income Growth |
|
15.03% |
-22.50% |
-19.20% |
75.92% |
9.40% |
-21.42% |
126.95% |
-17.29% |
-71.49% |
141.73% |
EPS Growth |
|
13.26% |
-25.08% |
-16.60% |
74.79% |
3.13% |
-29.16% |
139.87% |
-28.15% |
-64.81% |
141.97% |
Operating Cash Flow Growth |
|
-24.67% |
-40.77% |
258.81% |
-24.36% |
-19.91% |
130.41% |
-12.77% |
-79.44% |
188.04% |
36.38% |
Free Cash Flow Firm Growth |
|
-175.49% |
-307.92% |
165.58% |
-61.39% |
-1,067.63% |
82.14% |
240.96% |
32.26% |
-58.30% |
50.73% |
Invested Capital Growth |
|
21.76% |
31.39% |
-4.83% |
6.68% |
51.45% |
11.08% |
4.41% |
2.22% |
3.06% |
3.64% |
Revenue Q/Q Growth |
|
103.48% |
31,437.53% |
-37.35% |
3.42% |
80.67% |
-54.73% |
35.27% |
27.05% |
-17.83% |
4.13% |
EBITDA Q/Q Growth |
|
3.46% |
3.81% |
6.87% |
12.37% |
2,850.33% |
-96.34% |
151.24% |
-12.76% |
4.38% |
7.37% |
EBIT Q/Q Growth |
|
-0.48% |
-3.96% |
3.94% |
9.27% |
2,199.34% |
-97.62% |
135.27% |
-15.22% |
5.96% |
10.54% |
NOPAT Q/Q Growth |
|
0.82% |
-5.54% |
-26.43% |
34.27% |
19.01% |
3.58% |
4.01% |
-21.73% |
127.29% |
5.11% |
Net Income Q/Q Growth |
|
0.82% |
-5.54% |
-26.43% |
34.27% |
15.68% |
-4.50% |
20.71% |
-23.59% |
-1.52% |
14.56% |
EPS Q/Q Growth |
|
0.31% |
-5.61% |
-27.00% |
34.78% |
11.95% |
-8.88% |
21.91% |
-25.24% |
-1.06% |
14.14% |
Operating Cash Flow Q/Q Growth |
|
-14.27% |
-8.05% |
22.46% |
16.02% |
37.09% |
1.48% |
1.09% |
-44.50% |
28.47% |
33.69% |
Free Cash Flow Firm Q/Q Growth |
|
-140.76% |
24.58% |
79.96% |
271.72% |
7.40% |
-35.46% |
304.95% |
-55.49% |
-38.02% |
126.37% |
Invested Capital Q/Q Growth |
|
10.94% |
1.73% |
-5.23% |
-8.28% |
-6.39% |
-4.62% |
-11.30% |
-5.59% |
-0.58% |
-17.34% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
917.18% |
4.88% |
5.02% |
5.65% |
52.78% |
5.36% |
7.09% |
6.39% |
4.35% |
5.29% |
EBIT Margin |
|
748.19% |
3.56% |
3.70% |
4.32% |
52.00% |
3.46% |
5.44% |
4.88% |
2.80% |
3.79% |
Profit (Net Income) Margin |
|
576.62% |
2.66% |
1.93% |
3.01% |
1.50% |
2.55% |
4.95% |
3.80% |
1.09% |
2.33% |
Tax Burden Percent |
|
77.07% |
74.60% |
52.17% |
69.65% |
77.11% |
79.82% |
78.40% |
79.80% |
89.80% |
80.49% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
3.73% |
92.20% |
116.06% |
97.62% |
43.33% |
76.58% |
Effective Tax Rate |
|
22.93% |
25.40% |
47.84% |
30.35% |
22.89% |
20.19% |
21.60% |
20.20% |
10.20% |
19.51% |
Return on Invested Capital (ROIC) |
|
13.79% |
8.41% |
6.13% |
10.71% |
9.28% |
6.05% |
10.14% |
9.65% |
6.04% |
7.99% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
13.79% |
8.41% |
6.13% |
10.71% |
8.24% |
4.40% |
16.37% |
8.75% |
-6.48% |
0.66% |
Return on Net Nonoperating Assets (RNNOA) |
|
3.53% |
4.05% |
2.88% |
3.11% |
2.74% |
1.76% |
5.80% |
2.97% |
-2.44% |
0.23% |
Return on Equity (ROE) |
|
17.33% |
12.46% |
9.01% |
13.82% |
12.02% |
7.81% |
15.94% |
12.62% |
3.60% |
8.22% |
Cash Return on Invested Capital (CROIC) |
|
-5.83% |
-18.72% |
11.08% |
4.24% |
-31.64% |
-4.44% |
5.82% |
7.46% |
3.03% |
4.42% |
Operating Return on Assets (OROA) |
|
10.28% |
6.71% |
6.35% |
7.32% |
157.83% |
4.10% |
7.07% |
6.55% |
3.67% |
5.40% |
Return on Assets (ROA) |
|
7.93% |
5.01% |
3.31% |
5.10% |
4.54% |
3.02% |
6.43% |
5.10% |
1.43% |
3.33% |
Return on Common Equity (ROCE) |
|
17.07% |
12.30% |
8.90% |
13.65% |
11.84% |
7.67% |
15.50% |
12.26% |
3.53% |
8.07% |
Return on Equity Simple (ROE_SIMPLE) |
|
16.60% |
12.40% |
8.37% |
13.32% |
10.51% |
7.66% |
15.51% |
13.18% |
3.59% |
8.08% |
Net Operating Profit after Tax (NOPAT) |
|
446 |
346 |
280 |
492 |
553 |
458 |
827 |
813 |
522 |
714 |
NOPAT Margin |
|
576.62% |
2.66% |
1.93% |
3.01% |
1.54% |
2.76% |
4.27% |
3.90% |
2.51% |
3.05% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
1.04% |
1.65% |
-6.23% |
0.90% |
12.52% |
7.33% |
SG&A Expenses to Revenue |
|
4,605.43% |
31.02% |
31.88% |
31.84% |
16.16% |
46.46% |
49.24% |
47.99% |
47.06% |
46.92% |
Operating Expenses to Revenue |
|
-648.19% |
96.44% |
96.30% |
95.68% |
48.00% |
96.54% |
94.56% |
95.12% |
97.20% |
96.21% |
Earnings before Interest and Taxes (EBIT) |
|
579 |
464 |
536 |
706 |
18,701 |
574 |
1,054 |
1,018 |
581 |
887 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
710 |
636 |
728 |
924 |
18,983 |
890 |
1,373 |
1,332 |
902 |
1,240 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
2.62 |
1.61 |
2.00 |
1.55 |
1.75 |
1.38 |
2.20 |
1.26 |
1.43 |
1.77 |
Price to Tangible Book Value (P/TBV) |
|
21.98 |
0.00 |
20.51 |
8.73 |
33.56 |
12.35 |
19.81 |
11.92 |
9.75 |
8.36 |
Price to Revenue (P/Rev) |
|
90.92 |
0.34 |
0.46 |
0.35 |
0.25 |
0.46 |
0.70 |
0.36 |
0.43 |
0.51 |
Price to Earnings (P/E) |
|
16.05 |
13.64 |
24.21 |
11.85 |
16.79 |
18.91 |
14.14 |
11.56 |
39.86 |
21.96 |
Dividend Yield |
|
0.36% |
0.64% |
0.49% |
0.65% |
0.49% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
6.23% |
7.33% |
4.13% |
8.44% |
5.96% |
5.29% |
7.07% |
8.65% |
2.51% |
4.55% |
Enterprise Value to Invested Capital (EV/IC) |
|
2.16 |
1.31 |
1.69 |
1.33 |
1.47 |
1.19 |
1.82 |
1.12 |
1.26 |
1.53 |
Enterprise Value to Revenue (EV/Rev) |
|
99.30 |
0.47 |
0.52 |
0.39 |
0.29 |
0.57 |
0.78 |
0.46 |
0.53 |
0.59 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
10.83 |
9.62 |
10.33 |
6.82 |
0.56 |
10.67 |
11.03 |
7.16 |
12.25 |
11.22 |
Enterprise Value to EBIT (EV/EBIT) |
|
13.27 |
13.19 |
14.03 |
8.93 |
0.57 |
16.52 |
14.36 |
9.36 |
19.01 |
15.69 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
17.22 |
17.68 |
26.90 |
12.82 |
19.12 |
20.70 |
18.32 |
11.73 |
21.17 |
19.49 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
20.45 |
27.47 |
9.41 |
10.43 |
21.87 |
8.52 |
15.57 |
47.70 |
19.20 |
17.72 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
14.89 |
32.34 |
0.00 |
0.00 |
31.90 |
15.19 |
42.22 |
35.26 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.30 |
0.65 |
0.31 |
0.27 |
0.38 |
0.42 |
0.30 |
0.38 |
0.37 |
0.32 |
Long-Term Debt to Equity |
|
0.19 |
0.42 |
0.20 |
0.18 |
0.32 |
0.12 |
0.21 |
0.33 |
0.32 |
0.12 |
Financial Leverage |
|
0.26 |
0.48 |
0.47 |
0.29 |
0.33 |
0.40 |
0.35 |
0.34 |
0.38 |
0.34 |
Leverage Ratio |
|
2.19 |
2.49 |
2.72 |
2.71 |
2.65 |
2.58 |
2.48 |
2.47 |
2.52 |
2.47 |
Compound Leverage Factor |
|
2.19 |
2.49 |
2.72 |
2.71 |
0.10 |
2.38 |
2.87 |
2.42 |
1.09 |
1.89 |
Debt to Total Capital |
|
23.19% |
39.57% |
23.90% |
21.22% |
27.39% |
29.56% |
22.89% |
27.75% |
26.93% |
24.16% |
Short-Term Debt to Total Capital |
|
8.79% |
14.34% |
8.70% |
7.40% |
3.81% |
20.87% |
6.92% |
3.77% |
3.53% |
14.86% |
Long-Term Debt to Total Capital |
|
14.41% |
25.23% |
15.20% |
13.83% |
23.58% |
8.69% |
15.97% |
23.99% |
23.40% |
9.30% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
1.14% |
0.68% |
0.94% |
0.91% |
1.33% |
1.22% |
2.84% |
1.51% |
1.32% |
1.36% |
Common Equity to Total Capital |
|
75.66% |
59.75% |
75.16% |
77.87% |
71.28% |
69.22% |
74.27% |
70.73% |
71.75% |
74.48% |
Debt to EBITDA |
|
1.16 |
2.91 |
1.46 |
1.09 |
0.10 |
2.65 |
1.39 |
1.77 |
2.62 |
1.77 |
Net Debt to EBITDA |
|
0.86 |
2.50 |
1.09 |
0.57 |
0.08 |
2.00 |
0.96 |
1.38 |
2.16 |
1.44 |
Long-Term Debt to EBITDA |
|
0.72 |
1.85 |
0.93 |
0.71 |
0.09 |
0.78 |
0.97 |
1.53 |
2.27 |
0.68 |
Debt to NOPAT |
|
1.85 |
5.34 |
3.80 |
2.05 |
3.55 |
5.14 |
2.31 |
2.91 |
4.53 |
3.08 |
Net Debt to NOPAT |
|
1.36 |
4.59 |
2.84 |
1.07 |
2.74 |
3.89 |
1.59 |
2.27 |
3.74 |
2.49 |
Long-Term Debt to NOPAT |
|
1.15 |
3.41 |
2.42 |
1.33 |
3.06 |
1.51 |
1.61 |
2.51 |
3.93 |
1.18 |
Noncontrolling Interest Sharing Ratio |
|
1.48% |
1.30% |
1.19% |
1.19% |
1.54% |
1.77% |
2.77% |
2.90% |
1.95% |
1.80% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-189 |
-770 |
505 |
195 |
-1,886 |
-337 |
475 |
628 |
262 |
395 |
Operating Cash Flow to CapEx |
|
28,907.69% |
223.05% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.01 |
1.89 |
1.72 |
1.70 |
3.04 |
1.19 |
1.30 |
1.34 |
1.31 |
1.43 |
Fixed Asset Turnover |
|
0.20 |
28.18 |
27.75 |
29.41 |
56.65 |
24.29 |
27.59 |
31.54 |
34.69 |
38.67 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
3,554 |
4,669 |
4,444 |
4,741 |
7,180 |
7,975 |
8,327 |
8,512 |
8,772 |
9,092 |
Invested Capital Turnover |
|
0.02 |
3.17 |
3.18 |
3.56 |
6.03 |
2.19 |
2.38 |
2.48 |
2.40 |
2.62 |
Increase / (Decrease) in Invested Capital |
|
635 |
1,116 |
-225 |
297 |
2,439 |
795 |
352 |
185 |
260 |
319 |
Enterprise Value (EV) |
|
7,685 |
6,114 |
7,517 |
6,304 |
10,582 |
9,492 |
15,142 |
9,536 |
11,054 |
13,914 |
Market Capitalization |
|
7,037 |
4,493 |
6,682 |
5,735 |
8,972 |
7,612 |
13,593 |
7,564 |
8,985 |
12,010 |
Book Value per Share |
|
$59.70 |
$61.71 |
$73.62 |
$81.01 |
$99.31 |
$107.61 |
$122.55 |
$126.86 |
$132.30 |
$142.72 |
Tangible Book Value per Share |
|
$7.11 |
($1.87) |
$7.18 |
$14.41 |
$5.19 |
$12.01 |
$13.60 |
$13.37 |
$19.37 |
$30.27 |
Total Capital |
|
3,554 |
4,669 |
4,444 |
4,741 |
7,180 |
7,975 |
8,327 |
8,512 |
8,772 |
9,092 |
Total Debt |
|
824 |
1,848 |
1,062 |
1,006 |
1,967 |
2,357 |
1,906 |
2,363 |
2,362 |
2,197 |
Total Long-Term Debt |
|
512 |
1,178 |
675 |
656 |
1,693 |
693 |
1,330 |
2,042 |
2,053 |
845 |
Net Debt |
|
608 |
1,589 |
794 |
525 |
1,515 |
1,783 |
1,312 |
1,843 |
1,952 |
1,780 |
Capital Expenditures (CapEx) |
|
1.30 |
100 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
15 |
36 |
-133 |
19 |
296 |
167 |
Net Nonoperating Obligations (NNO) |
|
824 |
1,848 |
1,062 |
1,006 |
1,967 |
2,357 |
1,906 |
2,363 |
2,362 |
2,197 |
Total Depreciation and Amortization (D&A) |
|
131 |
172 |
192 |
218 |
282 |
315 |
318 |
314 |
321 |
353 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$9.75 |
$7.04 |
$5.60 |
$10.64 |
$10.98 |
$7.79 |
$18.89 |
$13.51 |
$4.73 |
$11.51 |
Adjusted Weighted Average Basic Shares Outstanding |
|
44.94M |
45.15M |
45.32M |
45.52M |
48.65M |
51.68M |
50.92M |
48.45M |
47.63M |
47.49M |
Adjusted Diluted Earnings per Share |
|
$9.65 |
$6.98 |
$5.55 |
$10.54 |
$10.87 |
$7.70 |
$18.47 |
$13.27 |
$4.67 |
$11.30 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
45.41M |
45.53M |
45.76M |
45.93M |
49.15M |
52.28M |
52.07M |
49.34M |
48.29M |
48.37M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$10.98 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
45.09M |
45.25M |
45.41M |
45.62M |
51.57M |
102.22M |
99.77M |
95.20M |
94.89M |
47.39M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-4,103 |
416 |
295 |
507 |
694 |
560 |
885 |
776 |
608 |
717 |
Normalized NOPAT Margin |
|
-5,301.55% |
3.20% |
2.03% |
3.10% |
1.93% |
3.38% |
4.57% |
3.72% |
2.93% |
3.06% |
Pre Tax Income Margin |
|
748.19% |
3.56% |
3.70% |
4.32% |
1.94% |
3.19% |
6.32% |
4.77% |
1.21% |
2.90% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
5.74% |
8.50% |
11.84% |
6.96% |
0.39% |
0.21% |
-1.98% |
0.00% |
2.87% |
0.00% |
Augmented Payout Ratio |
|
5.74% |
8.50% |
11.84% |
6.96% |
0.39% |
23.87% |
33.81% |
75.78% |
30.11% |
14.76% |
Quarterly Metrics And Ratios for Jones Lang LaSalle
This table displays calculated financial ratios and metrics derived from Jones Lang LaSalle's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
5.90% |
74.71% |
25,389.19% |
-4.28% |
-1.28% |
-43.38% |
8.67% |
11.40% |
14.82% |
15.80% |
12.14% |
EBITDA Growth |
|
-23.31% |
-36.72% |
-63.98% |
-45.83% |
-34.95% |
12.72% |
103.33% |
10.56% |
70.37% |
22.49% |
14.63% |
EBIT Growth |
|
-30.97% |
-41.22% |
-90.28% |
-60.04% |
-39.88% |
12.54% |
546.37% |
9.53% |
89.35% |
28.83% |
5.19% |
NOPAT Growth |
|
-32.57% |
-49.41% |
-91.29% |
-61.10% |
-36.90% |
55.36% |
643.24% |
10.18% |
89.80% |
11.31% |
5.09% |
Net Income Growth |
|
-41.66% |
-58.20% |
-106.05% |
-99.05% |
-57.06% |
-1.99% |
854.02% |
2,540.63% |
161.05% |
40.31% |
-12.35% |
EPS Growth |
|
-36.98% |
-55.24% |
-106.64% |
-98.72% |
-57.29% |
-1.38% |
821.05% |
3,400.00% |
160.16% |
39.11% |
-16.79% |
Operating Cash Flow Growth |
|
-69.87% |
-21.03% |
0.01% |
33.90% |
136.87% |
21.20% |
5.42% |
15.57% |
-19.68% |
27.13% |
-13.30% |
Free Cash Flow Firm Growth |
|
166.30% |
-115.65% |
62.01% |
55.19% |
-44.88% |
244.10% |
223.02% |
165.55% |
-784.19% |
-217.31% |
-197.56% |
Invested Capital Growth |
|
-3.96% |
2.22% |
5.80% |
6.29% |
-2.14% |
3.06% |
-5.63% |
-1.72% |
24.66% |
3.64% |
7.88% |
Revenue Q/Q Growth |
|
-1.91% |
100.63% |
-54.61% |
7.15% |
1.17% |
15.06% |
-12.87% |
9.84% |
4.27% |
16.05% |
-15.63% |
EBITDA Q/Q Growth |
|
-36.99% |
17.67% |
-72.66% |
163.48% |
-24.34% |
103.88% |
-49.56% |
43.26% |
16.59% |
46.58% |
-53.18% |
EBIT Q/Q Growth |
|
-45.17% |
28.36% |
-93.13% |
726.82% |
-17.50% |
140.29% |
-60.57% |
40.10% |
42.63% |
63.49% |
-67.80% |
NOPAT Q/Q Growth |
|
-48.92% |
13.14% |
-92.88% |
844.93% |
-17.14% |
178.53% |
-65.92% |
40.08% |
42.74% |
63.36% |
-67.83% |
Net Income Q/Q Growth |
|
-58.84% |
27.37% |
-104.95% |
136.78% |
1,753.13% |
190.73% |
-61.95% |
28.81% |
83.20% |
56.27% |
-76.23% |
EPS Q/Q Growth |
|
-26.15% |
26.04% |
-105.23% |
126.32% |
2,360.00% |
191.06% |
-61.73% |
27.74% |
82.86% |
55.63% |
-77.11% |
Operating Cash Flow Q/Q Growth |
|
-22.32% |
337.67% |
-219.03% |
133.09% |
37.43% |
123.95% |
-192.88% |
140.43% |
-4.49% |
254.47% |
-182.78% |
Free Cash Flow Firm Q/Q Growth |
|
152.32% |
-101.71% |
-5,679.67% |
13.14% |
164.37% |
-95.54% |
265.95% |
-53.72% |
-771.85% |
99.24% |
-4,003.55% |
Invested Capital Q/Q Growth |
|
-0.50% |
-5.59% |
14.08% |
-0.82% |
-8.39% |
-0.58% |
6.43% |
3.29% |
16.20% |
-17.34% |
8.74% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
5.51% |
3.23% |
1.97% |
4.86% |
3.63% |
6.43% |
3.69% |
4.82% |
5.39% |
6.81% |
3.78% |
EBIT Margin |
|
3.92% |
2.51% |
0.38% |
2.93% |
2.39% |
4.99% |
2.26% |
2.88% |
3.94% |
5.55% |
2.12% |
Profit (Net Income) Margin |
|
2.67% |
1.69% |
-0.18% |
0.06% |
1.16% |
2.93% |
1.28% |
1.50% |
2.64% |
3.55% |
1.00% |
Tax Burden Percent |
|
76.55% |
79.48% |
79.09% |
80.00% |
80.35% |
93.14% |
80.49% |
80.48% |
80.54% |
80.47% |
80.42% |
Interest Burden Percent |
|
88.82% |
84.89% |
-61.45% |
2.70% |
60.44% |
63.09% |
70.44% |
64.77% |
83.13% |
79.52% |
58.75% |
Effective Tax Rate |
|
23.45% |
20.52% |
0.00% |
20.00% |
19.65% |
6.86% |
19.51% |
19.52% |
19.46% |
19.53% |
19.58% |
Return on Invested Capital (ROIC) |
|
5.36% |
4.20% |
0.72% |
6.35% |
5.44% |
11.16% |
4.08% |
5.28% |
7.20% |
11.72% |
4.30% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
4.82% |
4.20% |
0.05% |
2.72% |
4.07% |
6.89% |
3.20% |
3.84% |
6.29% |
8.98% |
2.88% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.59% |
1.42% |
0.02% |
1.40% |
1.89% |
2.59% |
1.61% |
1.94% |
3.35% |
3.08% |
1.22% |
Return on Equity (ROE) |
|
7.95% |
5.62% |
0.74% |
7.75% |
7.33% |
13.75% |
5.68% |
7.22% |
10.55% |
14.80% |
5.52% |
Cash Return on Invested Capital (CROIC) |
|
15.33% |
7.46% |
1.14% |
-2.80% |
4.74% |
3.03% |
12.07% |
7.96% |
-15.10% |
4.42% |
-0.04% |
Operating Return on Assets (OROA) |
|
4.18% |
3.37% |
0.62% |
4.77% |
3.91% |
6.54% |
3.05% |
3.95% |
5.32% |
7.92% |
3.17% |
Return on Assets (ROA) |
|
2.84% |
2.27% |
-0.30% |
0.10% |
1.90% |
3.84% |
1.73% |
2.06% |
3.57% |
5.07% |
1.50% |
Return on Common Equity (ROCE) |
|
7.72% |
5.46% |
0.72% |
7.52% |
7.11% |
13.49% |
5.57% |
7.08% |
10.35% |
14.53% |
5.43% |
Return on Equity Simple (ROE_SIMPLE) |
|
17.99% |
0.00% |
10.62% |
5.09% |
3.80% |
0.00% |
4.77% |
5.99% |
7.18% |
0.00% |
7.88% |
Net Operating Profit after Tax (NOPAT) |
|
155 |
176 |
13 |
118 |
98 |
273 |
93 |
130 |
186 |
304 |
98 |
NOPAT Margin |
|
3.00% |
1.69% |
0.27% |
2.34% |
1.92% |
4.65% |
1.82% |
2.32% |
3.17% |
4.47% |
1.70% |
Net Nonoperating Expense Percent (NNEP) |
|
0.54% |
0.00% |
0.67% |
3.63% |
1.37% |
4.27% |
0.87% |
1.43% |
0.91% |
2.73% |
1.42% |
SG&A Expenses to Revenue |
|
48.21% |
24.54% |
47.78% |
47.84% |
47.63% |
45.33% |
47.14% |
46.18% |
48.64% |
45.89% |
46.54% |
Operating Expenses to Revenue |
|
96.08% |
97.49% |
99.62% |
97.07% |
97.61% |
95.01% |
97.74% |
97.12% |
96.06% |
94.45% |
97.88% |
Earnings before Interest and Taxes (EBIT) |
|
203 |
261 |
18 |
148 |
122 |
293 |
116 |
162 |
231 |
378 |
122 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
285 |
336 |
93 |
245 |
186 |
378 |
189 |
271 |
316 |
464 |
217 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.25 |
1.26 |
1.15 |
1.23 |
1.11 |
1.43 |
1.47 |
1.53 |
1.93 |
1.77 |
1.72 |
Price to Tangible Book Value (P/TBV) |
|
15.90 |
11.92 |
10.54 |
11.18 |
9.62 |
9.75 |
9.65 |
9.51 |
10.18 |
8.36 |
7.86 |
Price to Revenue (P/Rev) |
|
0.44 |
0.36 |
0.27 |
0.29 |
0.27 |
0.43 |
0.44 |
0.45 |
0.57 |
0.51 |
0.49 |
Price to Earnings (P/E) |
|
8.03 |
11.56 |
13.86 |
24.14 |
29.55 |
39.86 |
30.86 |
25.52 |
26.79 |
21.96 |
21.92 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
12.45% |
8.65% |
7.22% |
4.14% |
3.38% |
2.51% |
3.24% |
3.92% |
3.73% |
4.55% |
4.56% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.11 |
1.12 |
1.04 |
1.10 |
1.03 |
1.26 |
1.28 |
1.31 |
1.52 |
1.53 |
1.45 |
Enterprise Value to Revenue (EV/Rev) |
|
0.61 |
0.46 |
0.40 |
0.42 |
0.36 |
0.53 |
0.56 |
0.57 |
0.74 |
0.59 |
0.60 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
6.54 |
7.16 |
8.63 |
11.00 |
10.55 |
12.25 |
11.77 |
12.13 |
14.48 |
11.22 |
11.33 |
Enterprise Value to EBIT (EV/EBIT) |
|
8.32 |
9.36 |
11.87 |
16.84 |
16.62 |
19.01 |
17.31 |
17.92 |
20.84 |
15.69 |
16.08 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
9.63 |
11.73 |
15.79 |
34.38 |
39.71 |
21.17 |
19.84 |
20.91 |
24.61 |
19.49 |
19.98 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
27.74 |
47.70 |
50.59 |
40.79 |
20.35 |
19.20 |
19.13 |
19.07 |
28.47 |
17.72 |
20.66 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
7.09 |
15.19 |
93.59 |
0.00 |
21.59 |
42.22 |
10.32 |
16.35 |
0.00 |
35.26 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.50 |
0.38 |
0.58 |
0.56 |
0.43 |
0.37 |
0.43 |
0.46 |
0.62 |
0.32 |
0.42 |
Long-Term Debt to Equity |
|
0.32 |
0.33 |
0.53 |
0.51 |
0.41 |
0.32 |
0.39 |
0.41 |
0.47 |
0.12 |
0.26 |
Financial Leverage |
|
0.54 |
0.34 |
0.50 |
0.51 |
0.46 |
0.38 |
0.50 |
0.50 |
0.53 |
0.34 |
0.42 |
Leverage Ratio |
|
2.58 |
2.47 |
2.48 |
2.52 |
2.53 |
2.52 |
2.49 |
2.50 |
2.57 |
2.47 |
2.40 |
Compound Leverage Factor |
|
2.29 |
2.10 |
-1.53 |
0.07 |
1.53 |
1.59 |
1.76 |
1.62 |
2.14 |
1.96 |
1.41 |
Debt to Total Capital |
|
33.35% |
27.75% |
36.54% |
35.71% |
30.07% |
26.93% |
30.08% |
31.35% |
38.46% |
24.16% |
29.58% |
Short-Term Debt to Total Capital |
|
11.95% |
3.77% |
2.74% |
2.87% |
1.33% |
3.53% |
3.08% |
2.98% |
9.64% |
14.86% |
11.55% |
Long-Term Debt to Total Capital |
|
21.40% |
23.99% |
33.80% |
32.84% |
28.74% |
23.40% |
26.99% |
28.37% |
28.82% |
9.30% |
18.03% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
2.64% |
1.51% |
1.32% |
1.32% |
1.42% |
1.32% |
1.25% |
1.26% |
1.11% |
1.36% |
1.24% |
Common Equity to Total Capital |
|
64.02% |
70.73% |
62.13% |
62.97% |
68.51% |
71.75% |
68.68% |
67.39% |
60.43% |
74.48% |
69.18% |
Debt to EBITDA |
|
1.97 |
1.77 |
3.03 |
3.57 |
3.07 |
2.62 |
2.76 |
2.90 |
3.66 |
1.77 |
2.31 |
Net Debt to EBITDA |
|
1.65 |
1.38 |
2.61 |
3.15 |
2.62 |
2.16 |
2.36 |
2.48 |
3.28 |
1.44 |
1.97 |
Long-Term Debt to EBITDA |
|
1.26 |
1.53 |
2.80 |
3.28 |
2.93 |
2.27 |
2.48 |
2.62 |
2.74 |
0.68 |
1.41 |
Debt to NOPAT |
|
2.90 |
2.91 |
5.54 |
11.15 |
11.55 |
4.53 |
4.65 |
4.99 |
6.23 |
3.08 |
4.07 |
Net Debt to NOPAT |
|
2.42 |
2.27 |
4.78 |
9.84 |
9.86 |
3.74 |
3.98 |
4.28 |
5.58 |
2.49 |
3.47 |
Long-Term Debt to NOPAT |
|
1.86 |
2.51 |
5.12 |
10.25 |
11.04 |
3.93 |
4.17 |
4.52 |
4.67 |
1.18 |
2.48 |
Noncontrolling Interest Sharing Ratio |
|
2.85% |
2.90% |
3.00% |
2.98% |
2.98% |
1.95% |
1.93% |
1.94% |
1.91% |
1.80% |
1.77% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
528 |
-9.00 |
-520 |
-452 |
291 |
13 |
640 |
296 |
-1,990 |
-15 |
-624 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
1.07 |
1.34 |
1.64 |
1.63 |
1.64 |
1.31 |
1.35 |
1.37 |
1.35 |
1.43 |
1.50 |
Fixed Asset Turnover |
|
23.05 |
31.54 |
38.28 |
38.47 |
38.26 |
34.69 |
35.69 |
36.78 |
37.86 |
38.67 |
40.56 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
9,016 |
8,512 |
9,711 |
9,631 |
8,823 |
8,772 |
9,164 |
9,466 |
10,999 |
9,092 |
9,886 |
Invested Capital Turnover |
|
1.78 |
2.48 |
2.71 |
2.71 |
2.83 |
2.40 |
2.24 |
2.28 |
2.27 |
2.62 |
2.53 |
Increase / (Decrease) in Invested Capital |
|
-372 |
185 |
533 |
570 |
-193 |
260 |
-547 |
-166 |
2,176 |
319 |
722 |
Enterprise Value (EV) |
|
9,994 |
9,536 |
10,117 |
10,606 |
9,121 |
11,054 |
11,755 |
12,425 |
16,721 |
13,914 |
14,364 |
Market Capitalization |
|
7,239 |
7,564 |
6,926 |
7,442 |
6,732 |
8,985 |
9,281 |
9,763 |
12,806 |
12,010 |
11,749 |
Book Value per Share |
|
$120.45 |
$126.86 |
$126.76 |
$126.97 |
$126.77 |
$132.30 |
$132.54 |
$134.13 |
$140.04 |
$142.72 |
$144.31 |
Tangible Book Value per Share |
|
$9.50 |
$13.37 |
$13.80 |
$13.94 |
$14.67 |
$19.37 |
$20.25 |
$21.57 |
$26.52 |
$30.27 |
$31.54 |
Total Capital |
|
9,016 |
8,512 |
9,711 |
9,631 |
8,823 |
8,772 |
9,164 |
9,466 |
10,999 |
9,092 |
9,886 |
Total Debt |
|
3,006 |
2,363 |
3,549 |
3,439 |
2,653 |
2,362 |
2,757 |
2,967 |
4,230 |
2,197 |
2,924 |
Total Long-Term Debt |
|
1,929 |
2,042 |
3,283 |
3,163 |
2,536 |
2,053 |
2,474 |
2,686 |
3,170 |
845 |
1,782 |
Net Debt |
|
2,517 |
1,843 |
3,063 |
3,037 |
2,264 |
1,952 |
2,360 |
2,543 |
3,792 |
1,780 |
2,492 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
17 |
0.00 |
21 |
115 |
39 |
101 |
28 |
46 |
31 |
62 |
40 |
Net Nonoperating Obligations (NNO) |
|
3,006 |
2,363 |
3,549 |
3,439 |
2,653 |
2,362 |
2,757 |
2,967 |
4,230 |
2,197 |
2,924 |
Total Depreciation and Amortization (D&A) |
|
82 |
75 |
75 |
97 |
64 |
85 |
74 |
109 |
85 |
86 |
95 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$2.93 |
$3.68 |
($0.19) |
$0.05 |
$1.25 |
$3.62 |
$1.39 |
$1.77 |
$3.26 |
$5.09 |
$1.17 |
Adjusted Weighted Average Basic Shares Outstanding |
|
47.86M |
48.45M |
47.56M |
47.75M |
47.66M |
47.63M |
47.49M |
47.54M |
47.51M |
47.49M |
47.47M |
Adjusted Diluted Earnings per Share |
|
$2.88 |
$3.63 |
($0.19) |
$0.05 |
$1.23 |
$3.58 |
$1.37 |
$1.75 |
$3.20 |
$4.98 |
$1.14 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
48.63M |
49.34M |
0.00 |
48.33M |
48.39M |
48.29M |
48.28M |
48.32M |
48.50M |
48.37M |
48.38M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
47.46M |
95.20M |
47.76M |
47.68M |
47.57M |
94.89M |
47.56M |
47.46M |
47.44M |
47.39M |
47.47M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
171 |
4,003 |
37 |
129 |
121 |
291 |
93 |
132 |
177 |
315 |
112 |
Normalized NOPAT Margin |
|
3.31% |
38.54% |
0.79% |
2.55% |
2.37% |
4.94% |
1.82% |
2.34% |
3.01% |
4.63% |
1.96% |
Pre Tax Income Margin |
|
3.48% |
2.13% |
-0.23% |
0.08% |
1.44% |
3.15% |
1.59% |
1.87% |
3.27% |
4.41% |
1.24% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
-1.83% |
0.00% |
3.18% |
6.61% |
8.88% |
2.87% |
2.16% |
1.70% |
1.36% |
0.00% |
0.00% |
Augmented Payout Ratio |
|
70.44% |
75.78% |
73.60% |
62.69% |
28.04% |
30.11% |
29.32% |
23.31% |
18.67% |
14.76% |
14.92% |
Key Financial Trends
Jones Lang LaSalle (NYSE: JLL) has displayed mixed financial performance and balance sheet trends over the last four years through Q1 2025.
Positive Financial Trends:
- Total revenue showed steady growth from about $5.12 billion in Q1 2022 to $5.75 billion in Q1 2025, indicating overall business expansion.
- Net income attributable to common shareholders increased from a loss in early 2023 (-$9.2 million in Q1 2023) to positive earnings ($55.3 million in Q1 2025), demonstrating recovery and improved profitability.
- Diluted earnings per share rose from a negative $0.19 in Q1 2023 to $1.14 in Q1 2025, showing enhanced shareholder value.
- Stable management of operating expenses, with salaries and employee benefits increasing in line with revenue growth, reflecting workforce and operational scale adjustments.
- Increase in adjusted non-cash charges such as depreciation and amortization, consistent with investment in capital and intangible assets supporting business growth.
- Strong common equity base grew from approximately $6.0 billion in Q1 2022 to $6.84 billion in Q1 2025, supporting long-term financial stability.
Neutral Financial Observations:
- The company reported zero net interest income/expense throughout this period, indicating minimal impact from interest-related activities.
- Fluctuations in non-operating income/expense result in modest negative impacts on net income but remain relatively small compared to operating results.
- Cash and cash equivalents fluctuated moderately around $400-$485 million, reflecting standard liquidity management without large swings.
Negative Financial Trends:
- Significant impairment charges continue to affect non-interest expenses, with some quarters reporting charges over $30 million, which may signal ongoing asset valuation challenges.
- Free cash flow from continuing operations displays volatility, with negative cash from operating activities in recent quarters (e.g., -$767.6 million in Q1 2025), raising concerns about cash generation consistency.
- Increasing use of debt financing with long-term debt rising from approximately $1.93 billion in Q3 2022 to $1.78 billion in Q1 2025, coupled with issuance and repayment activity, suggests active but elevated leverage management.
- Other operating expenses remain high and rising in absolute terms, pressuring margins and requiring efficiency optimization.
- Net income saw a sharp downturn early 2023 with losses, indicating previous profitability challenges that the company is striving to overcome.
Summary: Over the last four years, JLL has experienced growth in revenue and equity, recovering from earlier losses to return to profitability by early 2025. Despite positive trends in revenue growth and earnings per share, challenges remain in managing impairments, maintaining consistent operating cash flow, and controlling rising expenses. Active debt management continues, highlighting a need to watch leverage levels closely. Investors should weigh JLL's solid revenue expansion and improving profitability against the cash flow volatility and impairment charges as part of their investment considerations.
10/23/25 10:36 AM ETAI Generated. May Contain Errors.