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Real estate firm JLL (NYSE:JLL) reported Q1 CY2025 results exceeding the market’s revenue expectations , with sales up 12.1% year on year to $5.75 billion. Its non-GAAP profit of $2.31 per share was 5.8% above analysts’ consensus estimates.

Is now the time to buy JLL? Find out in our full research report.

JLL (JLL) Q1 CY2025 Highlights:

• Revenue: $5.75 billion vs analyst estimates of $5.52 billion (12.1% year-on-year growth, 4.1% beat)

• Adjusted EPS: $2.31 vs analyst estimates of $2.18 (5.8% beat)

• Adjusted EBITDA: $224.8 million vs analyst estimates of $210.7 million (3.9% margin, 6.7% beat)

• Operating Margin: 2.1%, in line with the same quarter last year

• Free Cash Flow was -$812.1 million compared to -$720.7 million in the same quarter last year

• Market Capitalization: $10.92 billion

"Broad-based revenue growth and the 28% increase in Adjusted EPS in the first quarter are a reflection of JLL's multi-year focus on platform differentiation, efficiency and resiliency," said Christian Ulbrich, JLL CEO.

Company Overview

Founded in 1999 through the merger of Jones Lang Wootton and LaSalle Partners, JLL (NYSE:JLL) is a company specializing in real estate advisory and investment management services.

Sales Growth

A company’s long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last five years, JLL grew its sales at a sluggish 5.7% compounded annual growth rate. This fell short of our benchmark for the consumer discretionary sector and is a rough starting point for our analysis.

We at StockStory place the most emphasis on long-term growth, but within consumer discretionary, a stretched historical view may miss a company riding a successful new product or trend. JLL’s annualized revenue growth of 7.6% over the last two years is above its five-year trend, but we were still disappointed by the results.

This quarter, JLL reported year-on-year revenue growth of 12.1%, and its $5.75 billion of revenue exceeded Wall Street’s estimates by 4.1%.

Looking ahead, sell-side analysts expect revenue to grow 8.2% over the next 12 months, similar to its two-year rate. This projection is underwhelming and indicates its newer products and services will not catalyze better top-line performance yet.

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