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Stifel Financial Corporation

SF Financial Capital Markets

Stifel Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 11.3% from fiscal 2024.

Revenue
−0.22%
EPS
+13.3%
Free cash flow
−90.9%
Total debt
+26.6%

Quarter to September 2026, against a year earlier

71.78 1.16 −1.59%
Market cap
$10.8B
P/E
11.8×
Fwd P/E
11.4×
Dividend yield
1.85%
F-score
7/9
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

Sold, $m 0.42
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 1 — — — — 1 — — — —
Insider Ownership 4.74%

Capital & Financial Ratios $m

Size
Market Cap 10,780.00
Revenue ttm 5,915.76
Net income ttm 953.63
Free cash flow ttm 283.17
Net debt Q (1,252.13)
Valuation
P/E 11.76
Forward P/E 11.40
Price / sales 1.84
Forward P/S Powerpack
Price / FCF 38.52
Price / book 2.05
Financial health
Current ratio Q 0.88
Debt / equity Q 0.29
Interest coverage Q —
Growth
Revenue growth Q −0.22% (below 0%: shrinking)
Operating income growth Q +12.82% (above 0%: growing)
EPS, this year +18.02% (at or above 15%: strong)
EPS, next year A +15.35% (at or above 15%: strong)
Revenue, next year A +6.19%
EPS, past 5 yrs +7.13%
EPS, next 5 yrs A +14.19%

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 38.98%
10-year low 10-year high
P/S against its own 10 years 76.42%
10-year low 10-year high
P/B against its own 10 years 83.87%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.85%
Annual rate
1.33
Payout ratio
23.0%
Growth, 2017–25
+38.8%/yr
  1. 0.09 ’17
  2. 0.21 ’18 +140
  3. 0.27 ’19 +25
  4. 0.30 ’20 +13
  5. 0.40 ’21 +32
  6. 0.80 ’22 +100
  7. 0.96 ’23 +20
  8. 1.12 ’24 +17
  9. 1.23 ’25 +10
  10. 1.36 ’26e +11
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3,874 3,207 2,847 3,021
Receivables 20,561 22,116 23,635 26,658
Inventory 919 1,169 1,428 1,699
Other — — — —
25,354 26,492 27,910 31,378
2023 2024 2025 Q'26
Payables 1,596 1,546 1,579 1,899
ST’ Debt — — — —
Other 27,832 29,749 30,546 33,227
30,014 32,085 33,114 35,838

Compound Annual Growth %

10y 5y 3y
Sales 9.02% 8.07% 7.99%
Cash Flow 0.00% (7.64%) (1.18%)
Earnings 21.48% 6.30% 1.14%
Book Value 9.14% 7.12% 3.90%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.43 Actual 1.46

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.65 1.75 Beat by 0.10
Q1 FY26 1.39 1.45 Beat by 0.06
Q2 FY26 1.35 1.42 Beat by 0.07
Q3 FY26 1.43 1.46 Beat by 0.03
Q4 FY26 1.86 — Reports 27 January 2027

EPS $

Mar Jun Sep Dec Year
’26 1.48 1.34 1.40 — —
’25 0.26 0.89 1.23 1.54 3.91
’24 0.93 0.94 0.89 1.39 4.17
’23 0.85 0.73 0.35 0.92 2.85
’22 0.93 0.86 0.81 0.95 3.55
’21 0.93 1.07 1.03 1.41 4.44
’20 0.48 0.62 0.65 1.03 2.77
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,478 1,451 1,426 — —
’25 1,255 1,284 1,429 1,561 5,530
’24 1,163 1,218 1,225 1,365 4,970
’23 1,107 1,051 1,045 1,146 4,349
’22 1,117 1,108 1,045 1,122 4,391
’21 1,135 1,153 1,145 1,304 4,737
’20 913 896 883 1,060 3,752
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (343) 76 — — —
’25 (211) 607 338 382 1,117
’24 (610) 477 199 424 490
’23 (385) 379 230 275 499
’22 (676) 437 539 858 1,157
’21 (520) 84 1,007 301 872
’20 (6) 906 435 327 1,662
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (390) 61 — — —
’25 (228) 670 349 264 1,055
’24 (619) 480 194 362 417
’23 (400) 367 218 262 447
’22 (688) 423 520 820 1,075
’21 (531) 70 859 435 832
’20 (607) 1,448 423 324 1,588
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 23.0% a year for ten years.

Implied
23.0%
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 December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,575 2,926 3,025 3,337 3,752 4,737 4,391 4,349 4,970 5,530 5,916 +8.9% 5,872 6,370 6,497 +5.5%
Gross margin, % 98.28 98.49 98.61 98.68 98.51 98.74 98.68 98.66 98.74 98.80 98.99 +0.5 pt
EBT 143 270 534 599 651 1,067 885 707 928 871 1,243 +22.3%
EBT margin, % 5.54 9.21 17.67 17.95 17.35 22.53 20.16 16.25 18.68 15.75 21.01 +10.2 pt
Net income 82 183 394 450 503 825 662 523 731 684 954 +26.7%
Per share, $
Per share, $ Revenue 17.12 18.97 18.73 20.60 23.56 29.37 26.90 27.18 31.84 35.62 38.93 +8.5%
Earnings 0.52 1.12 2.38 2.66 2.99 4.89 3.83 3.03 4.45 4.17 6.10 +26.1%
Cash flow (2.93) 4.41 3.28 3.87 10.43 5.41 7.09 3.12 3.14 7.20 0.00 n/m
Capex (0.19) (0.18) (0.54) (0.97) (0.46) (0.25) (0.50) (0.32) (0.47) (0.40) 0.00 +8.8%
Free cash flow (3.12) 4.22 2.74 2.89 9.97 5.16 6.58 2.80 2.67 6.80 0.00 n/m
Book value 18.20 18.55 19.80 22.65 26.62 31.21 32.64 33.09 36.43 38.50 0.00 +8.7%
Shares, m 150 154 162 162 159 161 163 160 156 155 154 +0.3%
Valuation, ×
Valuation, × P/E 43.04 23.72 7.74 10.04 11.26 9.67 10.38 15.26 15.90 19.97 11.76 16.7
P/S 1.30 1.41 0.98 1.31 1.43 1.60 1.47 1.70 2.22 2.34 1.84 1.6
P/B 1.29 1.52 0.98 1.30 1.45 1.74 1.39 1.60 2.21 2.45 2.05 1.6
EV/Sales 1.81 1.95 1.02 1.49 1.22 1.47 1.33 1.30 1.94 2.17 — 1.6
EV/FCF (9.91) 8.73 6.95 10.60 2.89 8.35 5.42 12.64 23.12 11.36 — 8.0
Cash, $m
Cash, $m Operating cash flow (441) 680 530 627 1,662 872 1,157 499 490 1,117 454 n/m
Capex (28) (28) (87) (158) (73) (40) (82) (52) (74) (62) (171) +9.2%
Free cash flow (470) 652 443 469 1,588 832 1,075 447 417 1,055 283 n/m
Balance, $m
Balance, $m Working capital (4,190) (4,971) (4,719) (4,986) (5,145) (5,214) (5,365) (4,660) (5,593) (5,204) (4,460) +2.4%
Net debt 774 1,018 (437) 60 (1,307) (1,171) (1,191) (2,280) (1,950) (1,523) (1,252) n/m
Shareholders’ equity 2,738 2,862 3,198 3,670 4,239 5,035 5,328 5,294 5,687 5,977 6,013 +9.1%
Returns, %
Returns, % ROA 0.48 0.86 1.68 1.75 1.86 2.60 1.75 1.30 1.79 1.59 0.00 +1.1 pt
ROIC 2.54 4.34 12.10 10.04 13.88 17.26 13.37 14.65 15.53 12.22 0.00 +9.7 pt
ROE 3.06 6.55 13.36 13.46 13.48 19.60 13.90 10.49 14.44 12.56 0.00 +9.5 pt
People
People Employees 7,100 7,100 7,500 8,300 8,500 8,600 9,000 9,000 9,000 9,000 — +2.7%
Revenue/emp, $m 0.36 0.41 0.40 0.40 0.44 0.55 0.49 0.48 0.55 0.61 — +6.0%
Negative figures in brackets.
estimates

All 10 years →

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

Business profile

Updated

Stifel Financial Corp. is a financial holding company headquartered in St. Louis. Its business traces its founding to 1890, and Stifel Financial Corp. was organized in 1983. Ronald J. Kruszewski is chairman and chief executive officer.

Stifel helps individuals manage investments and finances, provides trading and research services to institutions, advises companies on transactions, and offers banking and lending services. Its principal subsidiary, Stifel, Nicolaus & Company, is a retail and institutional wealth management and investment banking firm.

Stifel Financial Corporation 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% Compare
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%
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 10.9× 11.5× +15.78% +20.29% +51.80% 87.01% 23.54%

All 97 Capital Markets stocks →

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 91.61%
Held by the ten largest 44.33%
Holder Shares Stake Change
Vanguard 15.07m 9.98% +72.72k
BlackRock 14.78m 9.79% +292.54k
Fidelity (FMR) 8.53m 5.65% +398.57k
AQR Capital Management 5.98m 3.96% −2.45m
State Street 4.88m 3.23% +223.23k
Boston Partners 4.40m 2.92% +163.44k
Stifel 3.89m 2.57% +111.72k
EARNEST PARTNERS LLC 3.61m 2.39% −81.58k
Dimensional Fund Advisors 2.90m 1.92% +285.81k
Geode Capital Management 2.90m 1.92% +45.44k
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 29 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 18.91m 42.81m 271.00
2024 16.08m 36.38m 226.00
2023 13.28m 18.01m 144.00
2022 12.87m 8.86m 120.00
2021 13.56m 24.50m 141.00

Ownership

Directors and executive officers, together 3.36%
BlackRock, Inc. 8.80%
FMR LLC 5.70%
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

Stifel Financial Corporation (SF) Latest News

28 Oct

Impact 4 · · The Motley Fool

22 Oct

Impact 4 · · Moby
Impact 4 · · StockStory
Impact 3 · · Simply Wall St.

21 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat transcript
Impact 4 · · GlobeNewswire
Impact 3 · · Zacks
Impact 3 · · Associated Press

20 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · StockStory

15 Oct

Impact 4 · · GlobeNewswire

14 Oct

Impact 3 · · Zacks

30 Sep

Impact 3 · · PR Newswire

24 Sep

Impact 3 ·

19 Sep

Impact 3 ·

17 Sep

Impact 3 ·

26 Jul

Impact 3 ·
Impact 3 ·
Impact 3 ·

23 Jul

Impact 3 · · TheStreet
Impact 3 · · Moby transcript

22 Jul

Impact 4 ·
Impact 3 · · MarketBeat
Impact 3 ·
Impact 3 ·

10 Jun

Impact 3 · · Barrons.com

26 May

Impact 3 · · Barrons.com

13 May

Impact 4 · · Simply Wall St.

SF metrics, ten years each

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