Raymond James Financial, Inc.
Security Brokers, Dealers & Flotation Companies
Raymond James Financial is a diversified financial services firm that provides wealth management, investment banking, asset management, and capital markets services to individuals, corporations, and municipalities. The firm maintains an extensive catalogue of products and services across its business lines.
It is a $30.4B financial services company. Revenue grew 8.0% over the last year, and it keeps 14¢ of every dollar of sales as profit. It trades at 13.2× earnings — in the cheapest third of its own history.
- Website
- raymondjames.com
- Location
- St Petersburg, FL
- Employees
- 3 878
- Sector
- Financial Services
- Founded
- 1962
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability and quality.
Valuation67
- P/E vs own history20th pct · 25/25
- FCF yield4.7% · 12/25
- P/S1.8x · 25/25
- EV/EBITDA29.8x · 5/25
Growth80
- Revenue CAGR12.6% · 20/25
- Net income CAGR11.1% · 20/25
- EPS CAGR ~5Y12.1% · 20/25
- Fwd implied growth18.3% · 20/25
Profitability85
- ROIC29.8% · 25/25
- ROE18.3% · 20/25
- Net margin13.6% · 20/25
- Operating margin17.3% · 20/25
Health53
- Altman Z0.67 · 3/25
- Current ratio0.25 · 0/25
- Interest coverageno interest expense · 25/25
- Net cash / debtNet cash · 25/25
Quality75
- Piotroski F6/9 · 15/25
- Beneish M-2.43 · 20/25
- FCF conversion63% · 15/25
- Margin stabilityσ 1.2% · 25/25
Moat53
- ROIC >12% years5/5 yrs · 25/25
- Median gross marginn/a · 0/25
- FCF-positive years7/10 yrs · 10/25
- Worst-year net marginworst 9.6% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2026AcquisitionIt was announced Raymond James had agreed to acquire Clark Capital Management Group, a…
- FY2025FinancialBest year on record$2.13B net income
- FY2022FinancialRevenue crossed $10B$11.3B for the year
- 2017AcquisitionThe firm purchased Reams Asset Management from UMB Financial Corporation
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$5.52B in first reported year
- 2016AcquisitionThe firm announced its acquisition of Deutsche Bank Wealth Management's US private client…
- 2012AcquisitionThey merged with Morgan Keegan & Company, creating one of the country's largest full-service wealth…
- 1964AcquisitionIt merged with Raymond & Associates, founded by Edward Raymond in 1963, to form Raymond James & Associates
- 1962FoundedRaymond James was founded in 1962 when St
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (87.3%)
- Net cash position after subtracting debt from cash
- High returns on invested capital (ROIC 29.8%)
Watch-outs
- Altman Z-Score 0.67 — elevated financial-distress risk
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+8.0% YoY
- Profitable — makes more than it spends$2.31B TTM
- Profit growing — earnings are higher than last year+13.8% YoY
- Generates cash — cash left after running and investing$1.44B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$30.4B market cap
- Not printing shares — share count not ballooning — you keep your slice+47.4% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.7 — distress
- Pays a dividend — returns cash to shareholdersyield 1.40%
- Valuation not extreme — price not wildly above earningsP/E 13.2
Peer comparisonRaymond James Financial, Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| RJF this company | $30.4B | 13.2 | +8.0% | 13.6% | Mixed |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: RJF vs BRK.A · RJF vs BRK.B · RJF vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/RJF
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of RJF on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $158.28 · market cap $30.4B.