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Side-by-side financial comparison of DaVita (DVA) and Raymond James Financial (RJF). Click either name above to swap in a different company.

Raymond James Financial is the larger business by last-quarter revenue ($4.2B vs $3.6B, roughly 1.2× DaVita). Raymond James Financial runs the higher net margin — 13.5% vs 6.5%, a 7.0% gap on every dollar of revenue. On growth, DaVita posted the faster year-over-year revenue change (12.3% vs 3.5%). Over the past eight quarters, Raymond James Financial's revenue compounded faster (7.1% CAGR vs 6.6%).

DaVita Inc. is an American company that provides kidney dialysis services through a network of 2,675 outpatient centers in the United States, serving 200,800 patients, and 367 outpatient centers in 11 other countries serving 49,400 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo kidney dialysis, often 3 times per week for the rest of their lives unless they receive a kidney transplant via organ donation.

Raymond James Financial, Inc. is an American multinational independent investment bank and financial services company providing financial services to individuals, corporations, and municipalities through its subsidiary companies that engage primarily in investment and financial planning, in addition to investment banking and asset management. The company is headquartered in St. Petersburg, Florida.

DVA vs RJF — Head-to-Head

Bigger by revenue
RJF
RJF
1.2× larger
RJF
$4.2B
$3.6B
DVA
Growing faster (revenue YoY)
DVA
DVA
+8.8% gap
DVA
12.3%
3.5%
RJF
Higher net margin
RJF
RJF
7.0% more per $
RJF
13.5%
6.5%
DVA
Faster 2-yr revenue CAGR
RJF
RJF
Annualised
RJF
7.1%
6.6%
DVA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
DVA
DVA
RJF
RJF
Revenue
$3.6B
$4.2B
Net Profit
$234.2M
$563.0M
Gross Margin
Operating Margin
15.5%
Net Margin
6.5%
13.5%
Revenue YoY
12.3%
3.5%
Net Profit YoY
43.8%
-6.2%
EPS (diluted)
$3.22
$2.79

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
DVA
DVA
RJF
RJF
Q1 26
$3.6B
Q4 25
$3.6B
$4.2B
Q3 25
$3.4B
$4.2B
Q2 25
$3.4B
$3.8B
Q1 25
$3.2B
$3.8B
Q4 24
$3.3B
$4.0B
Q3 24
$3.3B
$4.0B
Q2 24
$3.2B
$3.8B
Net Profit
DVA
DVA
RJF
RJF
Q1 26
$234.2M
Q4 25
$234.2M
$563.0M
Q3 25
$150.3M
$604.0M
Q2 25
$199.3M
$436.0M
Q1 25
$162.9M
$495.0M
Q4 24
$259.3M
$600.0M
Q3 24
$214.7M
$602.0M
Q2 24
$222.7M
$492.0M
Operating Margin
DVA
DVA
RJF
RJF
Q1 26
15.5%
Q4 25
15.5%
Q3 25
14.8%
Q2 25
15.9%
14.7%
Q1 25
13.6%
17.5%
Q4 24
17.2%
18.6%
Q3 24
16.4%
Q2 24
15.9%
17.1%
Net Margin
DVA
DVA
RJF
RJF
Q1 26
6.5%
Q4 25
6.5%
13.5%
Q3 25
4.4%
14.4%
Q2 25
5.9%
11.3%
Q1 25
5.1%
12.9%
Q4 24
7.9%
14.9%
Q3 24
6.6%
15.0%
Q2 24
7.0%
13.1%
EPS (diluted)
DVA
DVA
RJF
RJF
Q1 26
$3.22
Q4 25
$3.22
$2.79
Q3 25
$2.04
$2.96
Q2 25
$2.58
$2.12
Q1 25
$2.00
$2.36
Q4 24
$3.08
$2.86
Q3 24
$2.50
$2.85
Q2 24
$2.50
$2.31

Balance Sheet & Financial Strength

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

Metric
DVA
DVA
RJF
RJF
Cash + ST InvestmentsLiquidity on hand
$700.7M
$9.9B
Total DebtLower is stronger
$10.2B
Stockholders' EquityBook value
$-651.1M
$12.6B
Total Assets
$17.5B
$88.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DVA
DVA
RJF
RJF
Q1 26
$700.7M
Q4 25
$700.7M
$9.9B
Q3 25
$736.5M
$11.4B
Q2 25
$739.4M
$9.2B
Q1 25
$511.9M
$9.7B
Q4 24
$846.0M
$10.0B
Q3 24
$1.1B
$11.0B
Q2 24
$437.2M
$9.1B
Total Debt
DVA
DVA
RJF
RJF
Q1 26
$10.2B
Q4 25
$10.2B
Q3 25
$10.2B
Q2 25
$10.1B
Q1 25
$9.6B
Q4 24
$9.2B
Q3 24
$9.3B
Q2 24
$8.5B
Stockholders' Equity
DVA
DVA
RJF
RJF
Q1 26
$-651.1M
Q4 25
$-651.1M
$12.6B
Q3 25
$-571.9M
$12.5B
Q2 25
$-369.6M
$12.3B
Q1 25
$-267.1M
$12.2B
Q4 24
$121.1M
$11.9B
Q3 24
$386.7M
$11.7B
Q2 24
$632.9M
$11.2B
Total Assets
DVA
DVA
RJF
RJF
Q1 26
$17.5B
Q4 25
$17.5B
$88.8B
Q3 25
$17.6B
$88.2B
Q2 25
$17.5B
$84.8B
Q1 25
$17.1B
$83.1B
Q4 24
$17.3B
$82.3B
Q3 24
$17.5B
$83.0B
Q2 24
$17.0B
$80.6B
Debt / Equity
DVA
DVA
RJF
RJF
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
75.76×
Q3 24
23.95×
Q2 24
13.35×

Cash Flow & Capital Efficiency

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

Metric
DVA
DVA
RJF
RJF
Operating Cash FlowLast quarter
$-10.0M
Free Cash FlowOCF − Capex
$-56.0M
FCF MarginFCF / Revenue
-1.3%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
-0.02×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DVA
DVA
RJF
RJF
Q1 26
Q4 25
$540.7M
$-10.0M
Q3 25
$841.5M
$796.0M
Q2 25
$324.2M
$691.0M
Q1 25
$180.0M
$117.0M
Q4 24
$547.6M
$830.0M
Q3 24
$810.4M
$510.0M
Q2 24
$798.8M
$711.0M
Free Cash Flow
DVA
DVA
RJF
RJF
Q1 26
Q4 25
$395.3M
$-56.0M
Q3 25
$675.4M
$752.0M
Q2 25
$203.1M
$634.0M
Q1 25
$36.8M
$71.0M
Q4 24
$377.0M
$789.0M
Q3 24
$671.4M
$460.0M
Q2 24
$674.1M
$655.0M
FCF Margin
DVA
DVA
RJF
RJF
Q1 26
Q4 25
10.9%
-1.3%
Q3 25
19.7%
17.9%
Q2 25
6.0%
16.5%
Q1 25
1.1%
1.8%
Q4 24
11.4%
19.6%
Q3 24
20.6%
11.5%
Q2 24
21.2%
17.4%
Capex Intensity
DVA
DVA
RJF
RJF
Q1 26
Q4 25
4.0%
1.1%
Q3 25
4.9%
1.1%
Q2 25
3.6%
1.5%
Q1 25
4.4%
1.2%
Q4 24
5.2%
1.0%
Q3 24
4.3%
1.2%
Q2 24
3.9%
1.5%
Cash Conversion
DVA
DVA
RJF
RJF
Q1 26
Q4 25
2.31×
-0.02×
Q3 25
5.60×
1.32×
Q2 25
1.63×
1.58×
Q1 25
1.10×
0.24×
Q4 24
2.11×
1.38×
Q3 24
3.77×
0.85×
Q2 24
3.59×
1.45×

Financial Flow Comparison

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

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