Galaxy Digital Inc. (GLXY) vs Jefferies Financial Group Inc. (JEF)

Galaxy Digital Inc. and Jefferies Financial Group Inc. are both Capital Markets companies. Galaxy Digital Inc. and Jefferies Financial Group Inc. are of similar size ($10.7B and $9.9B). Galaxy Digital Inc. has negative trailing earnings, so its P/E is not meaningful; Jefferies Financial Group Inc. trades at 13.0×. Jefferies Financial Group Inc. grew revenue faster over the last twelve months: 21.4% against 3.68%. Jefferies Financial Group Inc. has the higher net margin (9.56% vs −0.34%) and the higher return on invested capital (7.49% vs −7.30%). Across the 17 metrics below, Jefferies Financial Group Inc. leads on 13 and Galaxy Digital Inc. on 4.

Valuation

Metric GLXY JEF Capital Markets median
P/E n/m 12.99 15.78
P/S 0.08 1.20 2.32
P/B 1.72 0.95 1.89
Price to free cash flow n/m 5.64 6.25
EV/EBITDA n/m 9.09 8.87
EV/Sales 0.09 2.34 2.28
Earnings yield (2.62%) 7.70% (3.77%)
Free cash flow yield (40.35%) 17.74% (1.49%)

Profitability

Metric GLXY JEF Capital Markets median
Gross margin 0.40% 97.99% 62.80%
Operating margin (0.53%) 23.41% 0.00%
Net margin (0.34%) 9.56% (0.55%)
Free cash flow margin (3.29%) 21.33% 0.00%
Return on equity (7.22%) 7.59% 0.00%
Return on assets (1.94%) 1.09% 0.00%
Return on invested capital (7.30%) 7.49% 0.00%

Growth

Metric GLXY JEF Capital Markets median
Revenue growth (TTM) 3.68% 21.44% 21.02%
EPS growth (last fiscal year) (162.76%) (5.35%) —
Revenue growth, 5-year CAGR — 4.65% 18.16%
Net income growth, 5-year CAGR — (3.90%) 0.00%

Health

Metric GLXY JEF Capital Markets median
Debt to equity 1.14 1.99 0.08
Current ratio 1.50 0.98 1.51
Net debt to EBITDA 3.17 1.89 (0.24)

Dividend

Metric GLXY JEF Capital Markets median
Dividend yield — 3.09% 2.20%
Payout ratio — 0.86 0.00

Size

Metric GLXY JEF Capital Markets median
Market cap 9.90b 10.66b 724.58m

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