# Jones Lang LaSalle, Inc. (JLL) — Stock CV

Jones Lang LaSalle, Inc. is a $13.8B real estate company. Revenue grew 11.2% over the last year, it keeps 4¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 13.8× earnings — in the cheapest third of its own history.

> Jones Lang LaSalle is a global commercial real estate services and investment management company that helps clients buy, build, occupy, manage, and invest in property across office, industrial, retail, multifamily, hotel, and data center assets.

## Identity

- **Ticker**: JLL
- **Sector**: Real Estate
- **Industry**: Real Estate Agents & Managers (For Others)
- **Headquarters**: CHICAGO, IL
- **Employees**: 113 200
- **Website**: https://www.jll.com
- **Market cap**: $13.8B
- **Last price**: $299.87
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $27.4B
- **Net income**: $999M
- **Free cash flow**: $1.36B
- **Net cash**: $599M
- **P/E**: 13.8
- **Revenue growth (YoY)**: 11.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 90 |
| Growth | 52 |
| Profitability | 35 |
| Health | 55 |
| Quality | 87 |
| Moat | 50 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [x] Revenue growing — +11.2% YoY
- [x] Profitable — $999M TTM
- [x] Profit growing — +7.0% YoY
- [x] Generates cash — $1.36B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $13.8B market cap
- [x] Not printing shares — -7.6% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 30/100
- [x] Valuation not extreme — P/E 13.8

## Experience (career milestones)

- **2025** — The company acquired renewable energy sector investment bank Javelin Capital
- **2024** — JLL also acquired two technology companies to expand its services
- **2023** — JLL launched Carbon Pathfinder, a software tool it had developed for companies to identify the carbon…
- **FY2021** — Best year on record: $962M net income
- **2021** — JLL announced the acquisition of Skyline Al which is an AI platform that provides a comprehensive…
- **2019** — JLL announced the acquisition of HFF in a deal worth $2 billion in March 2019
- **FY2018** — Revenue crossed $10B: $16.3B for the year
- **FY2017** — Became debt-free: cash now exceeds total debt
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $6.80B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2016** — JLL had acquired 80 companies and established 100 offices worldwide by 2016
- **2015** — The company acquired Irish-based Guardian Property Asset Management in 2015
- **2008** — JLL purchased The Staubach Company in 2008
- **1997** — After LaSalle Partners' initial public offering (IPO) in 1997
- **1968** — Sanders renamed the company LaSalle Partners in 1968 and relocated to Chicago, Illinois

## Strengths

- High gross margin (57.0%)
- Revenue growing 11.2% year over year
- Net cash position after subtracting debt from cash
- Interest covered 8.6× by operating earnings
- Piotroski F-Score 8/9 — fundamentally strong checklist

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $19.4B | $962M | $972M |
| FY2022 | $20.9B | $655M | $200M |
| FY2023 | $20.8B | $225M | $576M |
| FY2024 | $23.4B | $547M | $785M |
| FY2025 | $26.1B | $792M | $1.19B |

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Source: https://stockcv.com/JLL — derived from company filings; may be delayed or incomplete. Information, not investment advice.