15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 7.2% per year over the past 5 years.
Net income has grown slower than revenue (-2.4% vs 7.2% per year).
Financial health
Total debt ($17.7B) exceeds cash ($14.0B); net debt is $3.6B.
Total debt has grown faster than revenue (14.1% vs 7.2% per year).
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 54.9% of earnings.
The dividend has grown 18.4% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$5.5B
$682M
96.6%
0.0%
6.4%
0.9%
-$1.7B
$17.7B
$14.0B
2024
$4.9B
$716M
95.8%
0.0%
7.0%
1.1%
-$391M
$14.0B
$12.2B
2023
$3.2B
$262M
99.1%
0.0%
2.7%
0.5%
-$1.9B
$10.7B
$8.5B
2022
$4.7B
$782M
90.7%
0.0%
7.6%
1.5%
$1.6B
$9.3B
$9.7B
2021
$6.1B
$1.7B
92.3%
0.0%
15.9%
3.0%
—
$9.3B
$10.8B
2020
$3.9B
$768M
91.4%
0.0%
8.2%
1.4%
$1.9B
$9.1B
$9.1B
2019
$2.8B
$963M
88.5%
0.0%
10.0%
1.9%
—
$8.9B
$7.7B
2018
$3.1B
$1.1B
90.2%
0.0%
10.4%
2.2%
—
$8.0B
$5.3B
2017
—
$253M
—
—
2.5%
0.5%
—
$8.3B
$5.3B
2016
—
$194M
—
—
1.9%
0.4%
—
$7.9B
$3.8B
2015
—
$252M
—
—
2.4%
0.5%
—
$7.7B
$3.6B
2014
—
$199M
—
—
1.9%
0.4%
—
$8.5B
$4.3B
2013
—
$362M
—
—
3.6%
0.8%
—
$8.2B
$3.9B
2012
—
$865M
—
—
12.8%
9.2%
—
$1.4B
$146M
2011
—
$25M
—
—
0.4%
0.3%
—
$1.9B
$168M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Aug '26
$1.8B
$288M
98.7%
0.0%
2.7%
0.4%
$2.5B
$18.5B
$16.9B
May '26
$1.7B
$250M
98.1%
0.0%
2.4%
0.3%
$1.6B
$18.0B
$14.3B
Feb '26
$1.5B
$159M
97.9%
0.0%
1.5%
0.2%
-$1.8B
$19.1B
$12.0B
Nov '25
$1.7B
$211M
95.7%
0.0%
2.0%
0.3%
—
$17.7B
$14.0B
Aug '25
$1.5B
$243M
97.7%
0.0%
2.3%
0.3%
$126M
$17.2B
$11.5B
May '25
$1.2B
$91M
96.5%
0.0%
0.9%
0.1%
-$1.0B
$16.7B
$11.3B
Feb '25
$1.1B
$137M
96.4%
0.0%
1.3%
0.2%
-$2.7B
$16.0B
$11.2B
Nov '24
$1.4B
$224M
93.3%
0.0%
2.2%
0.3%
—
$14.0B
$12.2B
Aug '24
$1.3B
$181M
97.1%
0.0%
1.8%
0.3%
—
$14.6B
$10.6B
May '24
$1.1B
$155M
96.6%
0.0%
1.6%
0.2%
—
$14.3B
$10.8B
Feb '24
$1.0B
$156M
96.6%
0.0%
1.6%
0.3%
—
$11.2B
$7.6B
Nov '23
$860M
$70M
97.3%
0.0%
0.7%
0.1%
$35M
$10.7B
$8.5B
Aug '23
$845M
$54M
99.8%
0.0%
0.6%
0.1%
-$518M
$10.4B
$8.8B
May '23
$753M
$9M
99.7%
0.0%
0.1%
0.0%
$392M
$9.6B
$8.0B
Feb '23
$775M
$129M
99.7%
0.0%
1.3%
0.2%
-$1.8B
$9.1B
$7.5B
Nov '22
$1.0B
$141M
91.1%
0.0%
1.4%
0.3%
$303M
$9.3B
$9.7B
Aug '22
$1.2B
$196M
89.5%
0.0%
1.9%
0.4%
$1.4B
$9.2B
$9.5B
May '22
$1.1B
$117M
88.5%
0.0%
1.1%
0.2%
$1.2B
$9.2B
$8.5B
Feb '22
$1.4B
$328M
93.2%
0.0%
3.1%
0.5%
-$1.2B
$9.4B
$8.5B
Nov '21
$1.6B
$334M
94.9%
0.0%
3.2%
0.6%
—
$9.3B
$10.8B
Valuation over time
How the market has priced JEF against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 9.3× (Mar '23) to 16.3× (Nov '26).
The price-to-sales ratio has risen from 1.5× (Mar '23) to 2.0× (Nov '26).
The dividend yield has fallen from 3.8% (Mar '23) to 3.4% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is JEF growing its revenue and profit?
Over the past 5 years, Jefferies Financial Group Inc.'s revenue has grown 7.2% per year, and net income declined 2.4% per year. These are computed facts, not advice.
How much debt does JEF have?
As of FY2025, Jefferies Financial Group Inc. reported $17.7B of total debt against $14.0B of cash.
What is JEF's profit margin?
In FY2025, gross margin was 96.6%, operating margin —, and net margin 12.3%.
What is JEF's P/E ratio?
Jefferies Financial Group Inc.'s P/E (TTM) is 12.20 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the JEF stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 16.3× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.