JLL JONES LANG LASALLE INC

Overview and Growth

Fiscal 2025 results for JONES LANG LASALLE INC combined $26.12B of revenue with net income of $792.10M and an operating cash inflow of $1.19B. The $26.12B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 11.4% from $23.43B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $16.40, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $11.30 in fiscal 2024, the current result was 45.1% higher. The diluted weighted-average share count was 48.31M, linking total earnings with the per-share result received by shareholders. Total assets stood at $17.80B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 1.47x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Operating income was $1.10B, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 4.2% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $792.10M, after the operating, financing, tax, and other items recognized for the period. Net margin was 3.0%, meaning that this portion of revenue remained as net income after all recognized expenses. EBITDA was $1.35B, adding a pre-interest, tax, depreciation, and amortization view of the company’s earnings capacity. Pretax income was $981.70M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 3.8%, adding a pre-tax profitability layer between revenue and net income. The reported income-tax provision was $189.50M, the amount recognized between pretax income and the final net-income result. The income-tax provision equaled 19.3% of pretax income, showing the tax burden absorbed by the year’s earnings. The relationship between net income and period-end equity was 10.4%, indicating the profitability achieved on book capital. Return on period-end assets was 4.4%, connecting net income with the company’s total asset base. Current net income of $792.10M was above fiscal 2024 net income of $546.80M, showing the direction of the bottom-line change.

Liquidity and Capital Structure

The company held $17.80B of assets against $10.18B of liabilities and $7.62B of equity, revealing how the asset base was financed. At period end, current assets of $8.18B compared with current liabilities of $7.39B, defining the company’s short-term resource position. At 1.11x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $599.10M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 8.1% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Equity equaled 42.8% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 57.2%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 3.4% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 6.2% higher than fiscal 2024 assets of $16.76B, measuring the company’s own balance-sheet change. Against $6.90B of equity in fiscal 2024, the current book-equity balance moved 10.6% and ended higher. Compared with $416.30M in fiscal 2024, the current cash balance moved 43.9% and finished higher.

Cash Flow and Earnings Quality

The company reported $1.19B of operating cash flow, a cash inflow that shows the cash generated by operations. Against net income, operating cash flow measured 1.51x, showing the relationship between accrual earnings and operating cash.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.