# Jefferies Financial Group Inc. (JEF) — Stock CV

Jefferies Financial Group Inc. is a $10.2B financial services company. Revenue grew 13.5% over the last year, and it keeps 7¢ of every dollar of sales as profit. It trades at 11.2× earnings — in the cheapest third of its own history.

> Jefferies Financial Group is a full-service investment banking and capital markets firm that was founded in 1962. After nearly 30 years of focusing on institutional trading services, it entered the investment banking industry in the early 1990s, which ultimately grew into the core business.

## Identity

- **Ticker**: JEF
- **Sector**: Financial Services
- **Industry**: Security Brokers, Dealers & Flotation Companies
- **Headquarters**: NEW YORK, NY
- **Employees**: 7 371
- **Website**: https://www.jefferies.com
- **Market cap**: $10.2B
- **Last price**: $44.38
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $12.2B
- **Net income**: $909M
- **Free cash flow**: $4.20B
- **Net debt**: $1.86B
- **P/E**: 11.2
- **Revenue growth (YoY)**: 13.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 82 |
| Growth | 17 |
| Profitability | 42 |
| Health | 51 |
| Quality | 70 |
| Moat | 37 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +13.5% YoY
- [x] Profitable — $909M TTM
- [x] Profit growing — +1.3% YoY
- [x] Generates cash — $4.20B TTM
- [x] Debt under control — ~0.4y of cash flow to repay
- [x] Established company — $10.2B market cap
- [x] Not printing shares — -23.3% shares over ~5y
- [x] Proven track record — 9/9 profitable years
- [ ] Financially stable — health score 31/100
- [x] Pays a dividend — yield 3.63%
- [x] Valuation not extreme — P/E 11.2

## Experience (career milestones)

- **Q3 2026** — 2 open-market insider purchases: ~11.8M shares bought by insiders
- **FY2021** — Best year on record: $1.68B net income
- **FY2020** — Became debt-free: cash now exceeds total debt
- **FY2016** — Profitable every year on record: 9 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $10.9B in first reported year
- **2015** — It also acquired Berkadia’s $10 billion special servicing portfolio

## Strengths

- High gross margin (64.2%)
- Revenue growing 13.5% year over year
- Strong cash conversion — FCF is 34.5% of revenue
- Interest covered 14.1× by operating earnings

## Watch-outs

- Net debt would take ~23.3 years of free cash flow to repay

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $9.04B | $1.68B | $1.57B |
| FY2022 | $7.15B | $782M | $1.58B |
| FY2023 | $7.44B | $262M | -$1.93B |
| FY2024 | $10.5B | $716M | -$391M |
| FY2025 | $10.8B | $682M | -$1.70B |

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Source: https://stockcv.com/JEF — derived from company filings; may be delayed or incomplete. Information, not investment advice.