Jefferies Financial Group Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Jefferies Financial Group's revenue grew a modest 4.4% year-over-year to $7.3B. This slow but positive growth earns a score of 41/100.
Jefferies Financial Group has a moderate D/E ratio of 1.50. This balance of debt and equity financing earns a leverage score of 55/100.
While Jefferies Financial Group generated -$1.5B in operating cash flow, capex of $207.5M consumed most of it, leaving -$1.7B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Jefferies Financial Group generates a 6.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is down from 7.0% the prior year.
Jefferies Financial Group passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Jefferies Financial Group generates $-2.19 in operating cash flow (-$1.5B OCF vs $682.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Jefferies Financial Group (JEF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Jefferies Financial Group generated $7.3B in revenue in fiscal year 2025. This represents an increase of 4.4% from the prior year.
Jefferies Financial Group generated -$1.7B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 335.4% from the prior year.
Jefferies Financial Group reported $682.0M in net income in fiscal year 2025. This represents a decrease of 4.7% from the prior year.
Jefferies Financial Group earned $2.83 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 5.4% from the prior year.
Jefferies Financial Group held $14.0B in cash against $15.9B in long-term debt as of fiscal year 2025.
Jefferies Financial Group paid $1.60 per share in dividends in fiscal year 2025. This represents an increase of 23.1% from the prior year.
Jefferies Financial Group had 207M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.
Jefferies Financial Group's gross margin was 97.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.
Jefferies Financial Group's net profit margin was 9.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.
Jefferies Financial Group's ROE was 6.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.
Jefferies Financial Group spent $58.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 32.1% from the prior year.
Jefferies Financial Group invested $207.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 17.2% from the prior year.
JEF Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B+1.0% | $2.0B+25.3% | $1.6B+2.6% | $1.6B-18.6% | $2.0B+16.2% | $1.7B+1.6% | $1.7B-4.7% | $1.7B |
| Cost of Revenue | $72.0M+109.0% | $34.4M-19.9% | $43.0M+3.4% | $41.6M-57.0% | $96.8M+158.7% | $37.4M-0.2% | $37.5M+8.0% | $34.7M |
| Gross Profit | $2.0B-0.8% | $2.0B+26.5% | $1.6B+2.6% | $1.6B-16.6% | $1.9B+13.0% | $1.6B+1.7% | $1.6B-5.0% | $1.7B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $880.0M+2.3% | $860.2M0.0% | $859.9M-2.3% | $879.8M-1.7% | $894.6M-1.9% | $912.0M+6.1% | $859.9M+5.7% | $813.7M |
| Income Tax | $37.5M-58.0% | $89.3M+105.3% | $43.5M+206.0% | $14.2M-83.5% | $86.1M+10.4% | $78.0M+6.7% | $73.1M+30.6% | $56.0M |
| Net Income | $211.3M-12.9% | $242.5M+165.3% | $91.4M-33.2% | $136.8M-38.9% | $223.9M+23.7% | $181.0M+17.0% | $154.7M-1.1% | $156.4M |
| EPS (Diluted) | $0.85-15.8% | $1.01+152.5% | $0.40-29.8% | $0.57-39.4% | $0.94+25.3% | $0.75+17.2% | $0.64-3.0% | $0.66 |
JEF Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $76.0B+9.7% | $69.3B+3.0% | $67.3B-4.2% | $70.2B+9.1% | $64.4B+1.7% | $63.3B+0.4% | $63.0B+3.4% | $60.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $14.0B+22.6% | $11.5B+1.8% | $11.3B+0.8% | $11.2B-8.0% | $12.2B+14.9% | $10.6B-2.5% | $10.8B+42.4% | $7.6B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.8B-0.2% | $1.8B-0.1% | $1.8B+1.0% | $1.8B-0.2% | $1.8B-0.3% | $1.8B+0.6% | $1.8B-0.1% | $1.8B |
| Total Liabilities | $65.4B+11.1% | $58.8B+3.4% | $56.9B-5.1% | $60.0B+10.7% | $54.1B+1.8% | $53.2B+0.2% | $53.0B+3.9% | $51.1B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $15.9B-0.7% | $16.0B+4.3% | $15.4B+3.8% | $14.8B+9.3% | $13.5B+4.7% | $12.9B+2.0% | $12.7B+27.7% | $9.9B |
| Total Equity | $10.6B+1.3% | $10.4B+1.3% | $10.3B+1.0% | $10.2B+0.5% | $10.2B+1.1% | $10.0B+1.7% | $9.9B+1.0% | $9.8B |
| Retained Earnings | $8.6B+1.3% | $8.5B+1.8% | $8.3B0.0% | $8.3B+0.5% | $8.3B+1.8% | $8.1B+1.3% | $8.0B+1.1% | $7.9B |
JEF Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.0B+966.4% | $184.2M+118.8% | -$978.3M+63.3% | -$2.7B-255.9% | $1.7B+355.2% | -$670.0M-963.7% | $77.6M+106.2% | -$1.3B |
| Capital Expenditures | $56.0M-3.7% | $58.2M+33.2% | $43.7M-11.9% | $49.6M-29.1% | $69.9M+95.4% | $35.8M-26.4% | $48.6M-49.5% | $96.2M |
| Free Cash Flow | $1.9B+1414.3% | $126.0M+112.3% | -$1.0B+62.4% | -$2.7B-265.6% | $1.6B+332.3% | -$705.8M-2537.5% | $29.0M+102.1% | -$1.4B |
| Investing Cash Flow | -$87.1M-59.5% | -$54.6M+45.1% | -$99.4M-72.0% | -$57.8M+45.8% | -$106.5M-124.9% | $427.3M+1126.7% | $34.8M+124.0% | -$145.3M |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | $93.5M0.0% | $93.5M-0.8% | $94.3M+1.7% | $92.7M+13.7% | $81.6M0.0% | $81.6M+16.7% | $69.9M0.0% | $69.9M |
| Share Buybacks | $29K-96.8% | $918K-26.6% | $1.3M-97.8% | $56.3M+5631700.0% | $1K-99.7% | $332K-64.9% | $946K-97.8% | $43.0M |
JEF Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 96.5%-1.8pp | 98.3%+0.9pp | 97.4%-0.0pp | 97.4%+2.3pp | 95.1%-2.7pp | 97.8%+0.0pp | 97.7%-0.3pp | 98.0% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 10.2%-1.6pp | 11.8%+6.3pp | 5.6%-3.0pp | 8.6%-2.8pp | 11.4%+0.7pp | 10.8%+1.4pp | 9.3%+0.3pp | 9.0% |
| Return on Equity | 2.0%-0.3pp | 2.3%+1.4pp | 0.9%-0.5pp | 1.3%-0.9pp | 2.2%+0.4pp | 1.8%+0.2pp | 1.6%-0.0pp | 1.6% |
| Return on Assets | 0.3%-0.1pp | 0.4%+0.2pp | 0.1%-0.1pp | 0.2%-0.2pp | 0.4%+0.1pp | 0.3%+0.0pp | 0.3%0.0pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.50-0.0 | 1.53+0.0 | 1.49+0.0 | 1.45+0.1 | 1.33+0.0 | 1.290.0 | 1.28+0.3 | 1.01 |
| FCF Margin | 92.2%+86.1pp | 6.2%+68.7pp | -62.5%+107.9pp | -170.4%-254.2pp | 83.8%+125.7pp | -41.9%-43.7pp | 1.8%+79.6pp | -77.9% |
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Frequently Asked Questions
What is Jefferies Financial Group's annual revenue?
Jefferies Financial Group (JEF) reported $7.3B in total revenue for fiscal year 2025. This represents a 4.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Jefferies Financial Group's revenue growing?
Jefferies Financial Group (JEF) revenue grew by 4.4% year-over-year, from $7.0B to $7.3B in fiscal year 2025.
Is Jefferies Financial Group profitable?
Yes, Jefferies Financial Group (JEF) reported a net income of $682.0M in fiscal year 2025, with a net profit margin of 9.3%.
What is Jefferies Financial Group's earnings per share (EPS)?
Jefferies Financial Group (JEF) reported diluted earnings per share of $2.83 for fiscal year 2025. This represents a -5.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Jefferies Financial Group have?
As of fiscal year 2025, Jefferies Financial Group (JEF) had $14.0B in cash and equivalents against $15.9B in long-term debt.
What is Jefferies Financial Group's gross margin?
Jefferies Financial Group (JEF) had a gross margin of 97.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Jefferies Financial Group's net profit margin?
Jefferies Financial Group (JEF) had a net profit margin of 9.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Jefferies Financial Group pay dividends?
Yes, Jefferies Financial Group (JEF) paid $1.60 per share in dividends during fiscal year 2025.
What is Jefferies Financial Group's return on equity (ROE)?
Jefferies Financial Group (JEF) has a return on equity of 6.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Jefferies Financial Group's free cash flow?
Jefferies Financial Group (JEF) generated -$1.7B in free cash flow during fiscal year 2025. This represents a -335.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Jefferies Financial Group's operating cash flow?
Jefferies Financial Group (JEF) generated -$1.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Jefferies Financial Group's total assets?
Jefferies Financial Group (JEF) had $76.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Jefferies Financial Group's capital expenditures?
Jefferies Financial Group (JEF) invested $207.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Jefferies Financial Group buy back shares?
Yes, Jefferies Financial Group (JEF) spent $58.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Jefferies Financial Group have outstanding?
Jefferies Financial Group (JEF) had 207M shares outstanding as of fiscal year 2025.
What is Jefferies Financial Group's debt-to-equity ratio?
Jefferies Financial Group (JEF) had a debt-to-equity ratio of 1.50 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Jefferies Financial Group's return on assets (ROA)?
Jefferies Financial Group (JEF) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Jefferies Financial Group's cash runway?
Based on fiscal year 2025 data, Jefferies Financial Group (JEF) had $14.0B in cash against an annual operating cash burn of $1.5B. This gives an estimated cash runway of approximately 113 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Jefferies Financial Group's Piotroski F-Score?
Jefferies Financial Group (JEF) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Jefferies Financial Group's earnings high quality?
Jefferies Financial Group (JEF) has an earnings quality ratio of -2.19x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Jefferies Financial Group?
Jefferies Financial Group (JEF) scores 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.