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Side-by-side financial comparison of Solowin Holdings, Ltd. (AXG) and Jefferies Financial Group Inc. (JEF). Click either name above to swap in a different company.

Jefferies Financial Group Inc. is the larger business by last-quarter revenue ($1.7B vs $410.0K, roughly 4075.8× Solowin Holdings, Ltd.). Jefferies Financial Group Inc. produced more free cash flow last quarter ($1.9B vs $-1.6M).

Jefferies Financial Group Inc. is an American financial services company based in New York City. It is listed on the New York Stock Exchange and is a part of the Fortune 1000.

AXG vs JEF — Head-to-Head

Bigger by revenue
JEF
JEF
4075.8× larger
JEF
$1.7B
$410.0K
AXG
More free cash flow
JEF
JEF
$1.9B more FCF
JEF
$1.9B
$-1.6M
AXG

Income Statement — Q2 2025 vs Q4 2025

Metric
AXG
AXG
JEF
JEF
Revenue
$410.0K
$1.7B
Net Profit
$211.3M
Gross Margin
95.7%
Operating Margin
-34.1%
15.2%
Net Margin
12.6%
Revenue YoY
Net Profit YoY
EPS (diluted)
$0.85

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AXG
AXG
JEF
JEF
Q4 25
$1.7B
Q3 25
$1.5B
Q2 25
$1.2B
Q1 25
$1.1B
Q3 24
$410.0K
$1.2B
Q2 24
$1.0B
Q1 24
$971.2M
Net Profit
AXG
AXG
JEF
JEF
Q4 25
$211.3M
Q3 25
$242.5M
Q2 25
$91.4M
Q1 25
$136.8M
Q3 24
$181.0M
Q2 24
$154.7M
Q1 24
$156.4M
Gross Margin
AXG
AXG
JEF
JEF
Q4 25
95.7%
Q3 25
97.7%
Q2 25
96.5%
Q1 25
96.4%
Q3 24
96.9%
Q2 24
96.4%
Q1 24
96.4%
Operating Margin
AXG
AXG
JEF
JEF
Q4 25
15.2%
Q3 25
22.1%
Q2 25
11.0%
Q1 25
13.2%
Q3 24
-34.1%
20.7%
Q2 24
22.0%
Q1 24
22.7%
Net Margin
AXG
AXG
JEF
JEF
Q4 25
12.6%
Q3 25
16.1%
Q2 25
7.4%
Q1 25
12.0%
Q3 24
14.8%
Q2 24
14.9%
Q1 24
16.1%
EPS (diluted)
AXG
AXG
JEF
JEF
Q4 25
$0.85
Q3 25
$1.01
Q2 25
$0.40
Q1 25
$0.57
Q3 24
$0.75
Q2 24
$0.64
Q1 24
$0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXG
AXG
JEF
JEF
Cash + ST InvestmentsLiquidity on hand
$2.5M
$14.0B
Total DebtLower is stronger
$15.9B
Stockholders' EquityBook value
$6.0M
$10.6B
Total Assets
$13.1M
$76.0B
Debt / EquityLower = less leverage
1.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
JEF
JEF
Q4 25
$14.0B
Q3 25
$11.5B
Q2 25
$11.3B
Q1 25
$11.2B
Q3 24
$2.5M
$10.6B
Q2 24
$10.8B
Q1 24
$7.6B
Total Debt
AXG
AXG
JEF
JEF
Q4 25
$15.9B
Q3 25
$16.0B
Q2 25
$15.4B
Q1 25
$14.8B
Q3 24
$12.9B
Q2 24
$12.7B
Q1 24
$9.9B
Stockholders' Equity
AXG
AXG
JEF
JEF
Q4 25
$10.6B
Q3 25
$10.4B
Q2 25
$10.3B
Q1 25
$10.2B
Q3 24
$6.0M
$10.0B
Q2 24
$9.9B
Q1 24
$9.8B
Total Assets
AXG
AXG
JEF
JEF
Q4 25
$76.0B
Q3 25
$69.3B
Q2 25
$67.3B
Q1 25
$70.2B
Q3 24
$13.1M
$63.3B
Q2 24
$63.0B
Q1 24
$60.9B
Debt / Equity
AXG
AXG
JEF
JEF
Q4 25
1.50×
Q3 25
1.53×
Q2 25
1.49×
Q1 25
1.45×
Q3 24
1.29×
Q2 24
1.28×
Q1 24
1.01×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXG
AXG
JEF
JEF
Operating Cash FlowLast quarter
$-1.6M
$2.0B
Free Cash FlowOCF − Capex
$-1.6M
$1.9B
FCF MarginFCF / Revenue
-392.9%
114.2%
Capex IntensityCapex / Revenue
4.4%
3.4%
Cash ConversionOCF / Net Profit
9.30×
TTM Free Cash FlowTrailing 4 quarters
$-1.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXG
AXG
JEF
JEF
Q4 25
$2.0B
Q3 25
$184.2M
Q2 25
$-978.3M
Q1 25
$-2.7B
Q3 24
$-1.6M
Q2 24
Q1 24
$-1.3B
Free Cash Flow
AXG
AXG
JEF
JEF
Q4 25
$1.9B
Q3 25
$126.0M
Q2 25
$-1.0B
Q1 25
$-2.7B
Q3 24
$-1.6M
Q2 24
Q1 24
$-1.4B
FCF Margin
AXG
AXG
JEF
JEF
Q4 25
114.2%
Q3 25
8.4%
Q2 25
-83.3%
Q1 25
-237.2%
Q3 24
-392.9%
Q2 24
Q1 24
-139.4%
Capex Intensity
AXG
AXG
JEF
JEF
Q4 25
3.4%
Q3 25
3.9%
Q2 25
3.6%
Q1 25
4.3%
Q3 24
4.4%
Q2 24
Q1 24
9.9%
Cash Conversion
AXG
AXG
JEF
JEF
Q4 25
9.30×
Q3 25
0.76×
Q2 25
-10.70×
Q1 25
-19.48×
Q3 24
Q2 24
Q1 24
-8.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AXG
AXG

Segment breakdown not available.

JEF
JEF

Investment Banking Underwriting$555.6M33%
Principal Transactions Revenue$378.3M23%
Commissions And Other Fees$356.0M21%
Other$177.8M11%
Internet Connection And Boadband Revenue$57.0M3%
Other Sources Of Revenue Miscellaneous$53.3M3%
Real Estate$50.7M3%
Strategic Affiliates Revenue$13.8M1%
Asset Management1$12.1M1%
Fixed Income Services$1.6M0%

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