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Jefferies Financial Group Inc.

JEF Financial Capital Markets

Jefferies Financial Group Inc.’s revenue for fiscal 2025 (year ended November 2025) was $7.3 billion, up 4.39% from fiscal 2024.

Revenue
+8.52%
EPS
+17.3%
Free cash flow
+1,563.1%
Total debt
+21.4%

Quarter to August 2026, against a year earlier

48.63 0.03 +0.06%
Market cap
$11.2B
P/E
12.7×
Fwd P/E
12.4×
Dividend yield
3.27%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Insider Decisions last twelve months

Bought, $m 676.55
Sold, $m 0.00
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 1 — 1 — — — —
Sell — — — — — 1 — — — — — —
Insider Ownership 24.84%

Capital & Financial Ratios $m

Size
Market Cap 11,160.00
Revenue ttm 8,514.37
Net income ttm 908.87
Free cash flow ttm 4,168.21
Net debt Q 4,420.46
Valuation
P/E 12.70
Forward P/E 12.40
Price / sales 1.14
Forward P/S Powerpack
Price / FCF 2.33
Price / book 0.90
Financial health
Current ratio Q 1.02
Debt / equity Q 2.09
Interest coverage Q 52.47
Growth
Revenue growth Q +8.52% (above 0%: growing)
Operating income growth Q +7.40% (above 0%: growing)
EPS, this year +30.38% (at or above 15%: strong)
EPS, next year A +26.91% (at or above 15%: strong)
Revenue, next year A +16.58% (at or above 10%: strong)
EPS, past 5 yrs +1.32%
EPS, next 5 yrs A +24.14% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 48.04%
10-year low 10-year high
P/S against its own 10 years 24.97%
10-year low 10-year high
P/B against its own 10 years 71.18%
10-year low 10-year high

Dividends

Yield
3.27%
Annual rate
1.60
Payout ratio
42.7%
Growth, 2018–26
+18.8%/yr
  1. 0.40 ’18
  2. 0.46 ’19 +13
  3. 0.57 ’20 +26
  4. 0.86 ’21 +50
  5. 1.15 ’22 +33
  6. 1.20 ’23 +5
  7. 1.30 ’24 +8
  8. 1.60 ’25 +23
  9. 1.60 ’26 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 9,941 13,286 14,962 18,062
Receivables — — — —
Inventory — — — —
Other 21,747 24,138 27,723 27,283
31,688 37,424 42,684 45,344
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt — — — —
Other 11,251 11,007 13,320 15,096
33,406 35,060 43,253 44,597

Compound Annual Growth %

10y 5y 3y
Sales 9.24% 4.65% 7.09%
Cash Flow 0.00% 0.00% 0.00%
Earnings 17.48% (3.90%) (6.72%)
Book Value 0.32% 2.43% 1.11%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.04 Actual 1.09

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.83 0.96 Beat by 0.13
Q1 FY26 0.89 0.89 Met by 0.00
Q2 FY26 1.09 1.03 Miss by 0.06
Q3 FY26 1.04 1.09 Beat by 0.05
Q4 FY26 0.95 — Reports 6 January 2027

EPS $

Feb May Aug Nov Year
’26 0.70 1.02 1.18 — —
’25 0.57 0.40 1.01 0.85 2.83
’24 0.66 0.64 0.75 0.93 2.99
’23 0.54 0.05 0.22 0.29 1.10
’22 1.23 0.45 0.78 0.57 3.06
’21 2.13 1.30 1.50 1.20 6.13
’20 0.37 0.16 1.07 1.11 2.65
Fiscal quarters ending in the months shown.

Revenue $m

Feb May Aug Nov Year
’26 2,017 2,206 2,222 — —
’25 1,593 1,634 2,047 2,069 7,344
’24 1,738 1,656 1,684 1,957 7,035
’23 1,283 1,038 1,182 1,197 4,700
’22 1,693 1,338 1,510 1,438 5,979
’21 2,487 1,951 1,939 1,637 8,014
’20 1,386 1,148 1,616 1,700 5,851
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Feb May Aug Nov Year
’26 (1,737) 1,599 2,591 — —
’25 (2,665) (978) 184 1,960 (1,500)
’24 (1,303) 33 (649) 1,710 (209)
’23 (1,819) 417 (488) (44) (1,934)
’22 (1,215) 1,223 1,400 396 1,805
’21 (1,496) 514 1,068 1,496 1,582
’20 (918) 1,079 1,147 748 2,055
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Feb May Aug Nov Year
’26 (1,802) 1,551 2,542 — —
’25 (2,715) (1,022) 153 1,877 (1,707)
’24 (1,399) (16) (684) 1,640 (460)
’23 (1,844) 392 (518) 35 (1,935)
’22 (1,242) 1,166 1,353 303 1,581
’21 (1,520) 482 1,009 1,446 1,417
’20 (979) 1,019 1,121 717 1,878
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 10.4% a year for ten years. It grew 19.0% a year over the last ten.

Implied
10.4%
10 years, reported
19.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to November

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Aug ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,035 4,077 3,764 3,893 5,851 8,014 5,979 4,700 7,035 7,344 8,514 +10.3% 8,561 9,122 9,305 +8.2%
Gross margin, % 88.90 93.11 91.84 91.79 94.21 94.12 92.63 99.37 97.07 97.40 98.17 +8.5 pt
EBT (13) 607 296 479 1,067 2,254 1,056 354 1,006 871 1,132 n/m
EBT margin, % (0.41) 14.87 7.87 12.29 18.24 28.13 17.65 7.54 14.29 11.86 13.30 +12.3 pt
Net income 194 253 1,051 963 768 1,677 782 262 716 682 909 +15.0%
Per share, $
Per share, $ Revenue 8.18 11.37 10.84 12.53 20.48 30.40 24.17 20.21 32.41 34.14 42.91 +17.2%
Earnings 0.52 0.45 2.93 3.09 2.68 6.29 3.13 1.12 3.08 2.93 3.85 +21.1%
Cash flow 1.54 2.20 1.99 (2.66) 7.19 6.00 7.30 (8.31) (0.96) (6.97) 22.24 n/m
Capex (0.57) (0.26) (0.90) (0.75) (0.62) (0.63) (0.91) 0.00 (1.15) (0.96) (1.24) +6.1%
Free cash flow 0.98 1.93 1.09 (3.41) 6.58 5.37 6.39 (8.32) (2.12) (7.94) 21.01 n/m
Book value 27.76 28.28 29.03 30.90 33.04 40.14 41.62 42.14 47.10 49.48 54.19 +6.6%
Shares, m 371 358 347 311 286 264 247 233 217 215 210 (5.9%)
Valuation, ×
Valuation, × P/E 40.05 0.00 6.66 6.50 8.00 5.76 11.77 31.36 25.40 19.36 12.70 15.5
P/S 2.56 12.25 3.03 1.61 1.07 1.19 1.51 1.75 2.41 1.67 1.14 2.9
P/B 0.76 0.85 0.68 0.65 0.66 0.90 0.88 0.84 1.66 1.15 0.90 0.9
EV/Sales 4.37 19.11 4.57 1.96 3.33 2.69 3.32 5.31 3.33 2.66 — 5.1
EV/FCF 8.67 5.80 134.90 (7.18) 10.38 15.22 12.56 (12.91) (51.00) (11.44) — 10.5
Cash, $m
Cash, $m Operating cash flow 572 788 691 (828) 2,055 1,582 1,805 (1,934) (209) (1,500) 4,413 n/m
Capex (210) (95) (312) (232) (177) (166) (224) (1) (251) (207) (245) (0.1%)
Free cash flow 362 693 379 (1,060) 1,878 1,417 1,581 (1,935) (460) (1,707) 4,168 n/m
Balance, $m
Balance, $m Working capital (2,653) 2,176 3,224 6,167 7,187 3,446 1,508 (1,718) 2,365 (568) 747 (15.7%)
Net debt 5,535 4,876 3,489 1,387 503 (1,119) (520) 1,598 2,785 3,475 4,420 (5.0%)
Shareholders’ equity 10,304 10,139 10,079 9,602 9,439 10,580 10,295 9,802 10,225 10,642 10,752 +0.4%
Returns, %
Returns, % ROA 0.28 0.36 2.17 1.99 1.50 3.05 1.45 0.48 1.09 0.90 1.14 +0.6 pt
ROIC 0.00 3.56 1.95 2.84 10.28 19.11 11.45 5.13 8.00 7.26 8.20 +7.3 pt
ROE 1.23 1.65 10.11 9.75 8.08 16.66 7.45 2.62 6.68 6.05 8.06 +4.8 pt
People
People Employees 13,000 12,700 4,700 4,800 4,945 5,556 5,381 7,564 7,822 7,787 — (5.5%)
Revenue/emp, $m 0.23 0.32 0.80 0.81 1.18 1.44 1.11 0.62 0.90 0.94 — +16.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Nov 2025 · latest quarter Aug 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Jefferies Financial Group is a global investment banking and capital markets firm headquartered in New York. Rich Handler is its chief executive officer. Its largest subsidiary, Jefferies LLC, is a U.S. broker-dealer founded in 1962.

Jefferies helps companies and other organizations raise money and complete transactions. Its bankers advise on mergers and acquisitions, debt restructurings and private capital transactions. They also help clients issue shares and borrow through loans and bonds. For investors, Jefferies provides research, executes trades and makes markets in equities and fixed income instruments. Making markets means standing ready to buy or sell financial instruments for clients.

Jefferies Financial Group Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BMNR BitMine Immersion Technologies, Inc. $11.5B — (loss-making) — (loss-making) +2,167.79% (above 0%: growing) n/m −126,594.81% (below 0%: shrinking) 87.70% (25.50%) Compare
JEF Jefferies Financial Group Inc. $11.2B 12.7× 12.4× +8.52% (above 0%: growing) +17.31% (above 0%: growing) +1,563.06% (above 0%: growing) 98.97% 24.82%
EVR Evercore Inc $11.2B 14.5× 15.2× +12.51% (above 0%: growing) +24.01% (above 0%: growing) +25.04% (above 0%: growing) 99.76% 21.48% Compare
SF Stifel Financial Corporation $10.8B 11.8× 11.4× −0.22% (below 0%: shrinking) +13.26% (above 0%: growing) −90.85% (below 0%: shrinking) 99.05% 22.63% Compare
HLI Houlihan Lokey, Inc. $10.2B 24.5× 18.2× +4.85% (above 0%: growing) −1.80% (below 0%: shrinking) −25.70% (below 0%: shrinking) 35.98% 22.25% Compare
FUTU Futu Holdings Limited Sponsored ADR $9.0B 9.2× 10.6× +35.71% (above 0%: growing) +42.98% (above 0%: growing) +443.45% (above 0%: growing) 86.31% 61.99% Compare
VIRT Virtu Financial, Inc. $8.4B 8.9× 8.2× +19.05% (above 0%: growing) −1.21% (below 0%: shrinking) +78.56% (above 0%: growing) 78.24% 46.04% Compare
XP XP Inc. $7.6B 7.7× 7.1× +22.04% (above 0%: growing) +23.26% (above 0%: growing) −127.08% (below 0%: shrinking) 100.00% 34.50% Compare
IREN IREN Limited $7.3B — (loss-making) — (loss-making) −26.73% (below 0%: shrinking) n/m +705.74% (above 0%: growing) 75.71% (585.97%) Compare
Median of peers $9.6B 10.5× 11.0× +15.78% +18.26% −0.33% 87.01% 22.44%

All 97 Capital Markets stocks →

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 68.37%
Held by the ten largest 33.61%
Holder Shares Stake Change
BlackRock 16.71m 8.17% −850.09k
Vanguard 15.14m 7.41% −705.71k
AQR Capital Management 8.39m 4.10% +3.14m
SUMITOMO MITSUI FINANCIAL GROUP, INC. 6.43m 3.14% −2.82m
State Street 4.96m 2.43% +71.66k
MASSACHUSETTS MUTUAL LIFE INSURANCE CO 4.65m 2.28% 0.00
AllianceBernstein 3.35m 1.64% −443.68k
Two Sigma 3.21m 1.57% +380.02k
Geode Capital Management 2.98m 1.46% −69.66k
Morgan Stanley 2.90m 1.42% +84.82k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 23 February 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 28.45m (4.84m) 307.63
2024 22.62m 117.67m 411.62
2023 26.14m 34.05m 179.85
2022 56.90m 68.73m 177.82
2021 28.87m 66.70m 169.76

Ownership

Directors and executive officers, together 19.90%
Joseph S. Steinberg 10.10%
The Vanguard Group 8.50%
Richard B. Handler 7.80%
BlackRock, Inc. 7.60%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Jefferies Financial Group Inc. (JEF) Latest News

30 Oct

Impact 3 · · Simply Wall St.

29 Oct

Impact 3 · · Proactive Investors

26 Oct

Impact 4 · · Bloomberg
Impact 3 · · Proactive Investors

25 Oct

Impact 3 · · Simply Wall St.

22 Oct

Impact 3 · · Investing.com
Impact 3 · · Investing.com

20 Oct

Impact 4 · · Business Wire
Impact 3 · · Investing.com

19 Oct

Impact 4 · · MarketBeat
Impact 4 ·
Impact 3 ·

14 Oct

Impact 3 · · Proactive Investors

12 Oct

Impact 3 · · Insider Monkey

2 Oct

Impact 4 · · Zacks

1 Oct

Impact 3 · · Simply Wall St.

30 Sep

Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 3 · · Simply Wall St.

29 Sep

Impact 3 · · GuruFocus.com
Impact 3 ·
Impact 3 · · InvestorsHub

28 Sep

Impact 4 · · Business Wire
Impact 3 · · Investing.com
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory

26 Sep

Impact 3 · · Simply Wall St.

25 Sep

Impact 3 · · TheStreet
Impact 3 · · Business Wire

JEF metrics, ten years each

stockrow.com/JEF · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com