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Jefferies Financial Group Inc.

JEF Clue Score40
United States Fiscal year ends November CIK 0000096223
$44.38 -0.05% Close, 9 Oct 2026
Price $44.38 +9.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2017Net income0.61EPS, diluted1.63Fiscal year 2017Revenue5.05Net income0.17 −72.6%EPS, diluted0.45 −72.4%Fiscal year 2018Revenue3.12 −38.2%Net income1.02 +510.9%EPS, diluted2.90 +544.4%Fiscal year 2019Revenue2.79 −10.6%Net income0.96 −6.1%EPS, diluted3.03 +4.5%Fiscal year 2020Revenue3.92 +40.6%Net income0.77 −19.8%EPS, diluted2.65 −12.5%Fiscal year 2021Revenue6.14 +56.5%Net income1.67 +116.7%EPS, diluted6.13 +131.3%Fiscal year 2022Revenue4.74 −22.8%Net income0.78 −53.1%EPS, diluted3.06 −50.1%Fiscal year 2023Revenue3.23 −31.8%Net income0.26 −66.4%EPS, diluted1.10 −64.1%Fiscal year 2024Revenue4.86 +50.3%Net income0.72 +172.9%EPS, diluted2.99 +171.8%Fiscal year 2025Revenue5.55 +14.2%Net income0.68 −4.7%EPS, diluted2.83 −5.4%
FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a 5.05 3.12 2.79 3.92 6.14 4.74 3.23 4.86 5.55
Growth −38.2% −10.6% +40.6% +56.5% −22.8% −31.8% +50.3% +14.2%
Net income 0.61 0.17 1.02 0.96 0.77 1.67 0.78 0.26 0.72 0.68
Growth −72.6% +510.9% −6.1% −19.8% +116.7% −53.1% −66.4% +172.9% −4.7%
EPS, diluted 1.63 0.45 2.90 3.03 2.65 6.13 3.06 1.10 2.99 2.83
Growth −72.4% +544.4% +4.5% −12.5% +131.3% −50.1% −64.1% +171.8% −5.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2017Fiscal year 2017Net margin3.3%Fiscal year 2018Net margin32.8%Fiscal year 2019Net margin34.4%Fiscal year 2020Net margin19.6%Free cash flow margin47.9%Fiscal year 2021Net margin27.1%Free cash flow margin23.1%Fiscal year 2022Net margin16.5%Free cash flow margin33.3%Fiscal year 2023Net margin8.1%Free cash flow margin−59.8%Fiscal year 2024Net margin14.7%Free cash flow margin−8.0%Fiscal year 2025Net margin12.3%Free cash flow margin−30.7%
FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin n/a 3.3% 32.8% 34.4% 19.6% 27.1% 16.5% 8.1% 14.7% 12.3%
Free cash flow margin n/a n/a n/a n/a 47.9% 23.1% 33.3% −59.8% −8.0% −30.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Fiscal year 2017Operating cash flow0.79Buybacks−0.10Dividends paid−0.12Fiscal year 2018Operating cash flow0.69Buybacks−1.13Dividends paid−0.15Fiscal year 2019Operating cash flow−0.83Buybacks−0.51Dividends paid−0.15Fiscal year 2020Operating cash flow2.06Capital expenditure−0.18Free cash flow1.88Buybacks−0.82Dividends paid−0.16Fiscal year 2021Operating cash flow1.58Capital expenditure−0.17Free cash flow1.42 −24.6%Buybacks−0.27Dividends paid−0.22Fiscal year 2022Operating cash flow1.80Capital expenditure−0.22Free cash flow1.58 +11.6%Buybacks−0.86Dividends paid−0.28Fiscal year 2023Operating cash flow−1.93Capital expenditure−0.00Free cash flow−1.93 −222.4%Buybacks−0.17Dividends paid−0.28Fiscal year 2024Operating cash flow−0.14Capital expenditure−0.25Free cash flow−0.39Buybacks−0.04Dividends paid−0.30Fiscal year 2025Operating cash flow−1.50Capital expenditure−0.21Free cash flow−1.70Buybacks−0.06Dividends paid−0.37
FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow n/a 0.79 0.69 −0.83 2.06 1.58 1.80 −1.93 −0.14 −1.50
Capital expenditure n/a n/a n/a n/a −0.18 −0.17 −0.22 −0.00 −0.25 −0.21
Free cash flow n/a n/a n/a n/a 1.88 1.42 1.58 −1.93 −0.39 −1.70
Growth −24.6% +11.6% −222.4%
Buybacks n/a −0.10 −1.13 −0.51 −0.82 −0.27 −0.86 −0.17 −0.04 −0.06
Dividends paid n/a −0.12 −0.15 −0.15 −0.16 −0.22 −0.28 −0.28 −0.30 −0.37

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Fiscal year 2017Cash5.28Total debt7.89Net cash (debt)−2.61Shareholders’ equity10.11Debt to equity0.78Fiscal year 2018Cash5.26Total debt7.62Net cash (debt)−2.36Shareholders’ equity10.06Debt to equity0.76Fiscal year 2019Cash7.68Total debt8.34Net cash (debt)−0.66Shareholders’ equity9.58Debt to equity0.87Fiscal year 2020Cash9.06Total debt8.35Net cash (debt)0.70Shareholders’ equity9.40Debt to equity0.89Fiscal year 2021Cash10.76Total debt9.13Net cash (debt)1.63Shareholders’ equity10.55Debt to equity0.86Fiscal year 2022Cash9.70Total debt8.77Net cash (debt)0.93Shareholders’ equity10.23Debt to equity0.86Fiscal year 2023Cash8.53Total debt9.70Net cash (debt)−1.17Shareholders’ equity9.71Debt to equity1.00Fiscal year 2024Cash12.15Total debt13.53Net cash (debt)−1.38Shareholders’ equity10.16Debt to equity1.33Fiscal year 2025Cash14.04Total debt15.90Net cash (debt)−1.85Shareholders’ equity10.57Debt to equity1.50
FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a 5.28 5.26 7.68 9.06 10.76 9.70 8.53 12.15 14.04
Total debt n/a 7.89 7.62 8.34 8.35 9.13 8.77 9.70 13.53 15.90
Net cash (debt) n/a −2.61 −2.36 −0.66 0.70 1.63 0.93 −1.17 −1.38 −1.85
Shareholders’ equity n/a 10.11 10.06 9.58 9.40 10.55 10.23 9.71 10.16 10.57
Debt to equity n/a 0.78 0.76 0.87 0.89 0.86 0.86 1.00 1.33 1.50

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending November, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2007 31 Dec 2007 FY2008 31 Dec 2008 FY2009 31 Dec 2009 FY2010 31 Dec 2010 FY2011 31 Dec 2011 FY2012 31 Dec 2012 FY2013 31 Dec 2013 FY2014 31 Dec 2014 FY2015 31 Dec 2015 FY2016 31 Dec 2016 FY2017 30 Nov 2017 FY2017 31 Dec 2017 FY2018 30 Nov 2018 FY2019 30 Nov 2019 FY2020 30 Nov 2020 FY2021 30 Nov 2021 FY2022 30 Nov 2022 FY2023 30 Nov 2023 FY2024 30 Nov 2024 FY2025 30 Nov 2025
Assets
0.46 0.24 0.13 0.44 0.17 0.15 3.91 4.28 3.64 3.81 n/a 5.28 5.26 7.68 9.06 10.76 9.70 8.53 12.15 14.04
n/a n/a 0.06 0.06 0.35 0.38 0.36 0.42 0.29 0.31 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
n/a 0.53 0.66 0.59 0.88 0.86 0.89 0.73 0.72 0.71 n/a 0.75 0.35 0.39 n/a n/a n/a n/a n/a n/a
n/a n/a 0.01 0.01 0.02 0.02 1.75 1.74 1.74 1.72 n/a 1.72 1.70 1.74 1.75 1.75 1.74 1.85 1.83 1.84
n/a 5.20 6.76 9.35 9.26 9.35 47.87 52.61 46.33 45.07 n/a 47.17 47.13 49.46 53.12 56.11 51.06 57.91 64.36 76.01
Growth +30.1% +38.3% −0.9% +0.9% +412.0% +9.9% −11.9% −2.7% −0.1% +4.9% +7.4% +5.6% −9.0% +13.4% +11.1% +18.1%
Liabilities
n/a n/a 0.11 0.14 0.03 0.44 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
n/a 1.83 1.66 1.55 1.87 0.92 8.18 8.53 7.40 7.38 n/a 7.89 7.62 8.34 8.35 9.13 8.77 9.70 13.53 15.90
calc n/a 1.83 1.77 1.69 1.90 1.36 8.18 8.53 7.40 7.38 n/a 7.89 7.62 8.34 8.35 9.13 8.77 9.70 13.53 15.90
n/a 2.50 2.39 2.39 2.85 2.34 37.33 41.94 35.55 34.31 n/a 36.48 36.91 39.71 43.53 45.38 40.63 48.10 54.13 65.37
Equity
n/a 1.05 1.60 3.48 3.45 4.24 4.32 4.43 4.61 4.65 n/a 4.70 5.61 5.93 6.53 7.94 8.42 7.85 8.27 8.57
5.59 2.68 4.36 6.96 6.17 6.77 10.10 10.30 10.40 10.13 n/a 10.11 10.06 9.58 9.40 10.55 10.23 9.71 10.16 10.57
Growth −52.1% +62.9% +59.5% −11.2% +9.6% +49.3% +2.0% +1.0% −2.6% −0.4% −4.8% −1.8% +12.2% −3.0% −5.1% +4.6% +4.1%
Per share and net cash
calc n/a −1.60 −1.64 −1.25 −1.74 −1.21 −4.27 −4.25 −3.76 −3.57 n/a −2.61 −2.36 −0.66 0.70 1.63 0.93 −1.17 −1.38 −1.85
n/a 238.5 243.3 243.8 244.6 244.6 364.5 367.5 362.6 359.4 356.2 356.2 307.5 291.6 249.8 243.5 226.1 210.6 206.1 206.3
calc n/a 11.22 17.93 28.53 25.24 27.67 27.71 28.03 28.68 28.18 n/a 28.37 32.72 32.85 37.65 43.33 45.25 46.10 49.28 51.26

Lines marked calc are worked out here from filed figures; point at one for how.