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Side-by-side financial comparison of eXp World Holdings, Inc. (EXPI) 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 $1.2B, roughly 1.4× eXp World Holdings, Inc.). Jefferies Financial Group Inc. runs the higher net margin — 12.6% vs -1.1%, a 13.7% gap on every dollar of revenue. Jefferies Financial Group Inc. produced more free cash flow last quarter ($1.9B vs $11.9M).

eXp World Holdings, Inc. is a global cloud-based real estate services provider. It operates the eXp Realty brokerage network, leverages immersive virtual 3D campus environments to support agent collaboration and operations, serves residential and commercial real estate markets across over 20 countries, and offers complementary services including mortgage, title insurance and professional development resources for real estate practitioners.

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.

EXPI vs JEF — Head-to-Head

Bigger by revenue
JEF
JEF
1.4× larger
JEF
$1.7B
$1.2B
EXPI
Higher net margin
JEF
JEF
13.7% more per $
JEF
12.6%
-1.1%
EXPI
More free cash flow
JEF
JEF
$1.9B more FCF
JEF
$1.9B
$11.9M
EXPI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EXPI
EXPI
JEF
JEF
Revenue
$1.2B
$1.7B
Net Profit
$-12.9M
$211.3M
Gross Margin
95.7%
Operating Margin
-1.1%
15.2%
Net Margin
-1.1%
12.6%
Revenue YoY
8.5%
Net Profit YoY
-35.7%
EPS (diluted)
$-0.08
$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
EXPI
EXPI
JEF
JEF
Q4 25
$1.2B
$1.7B
Q3 25
$1.3B
$1.5B
Q2 25
$1.3B
$1.2B
Q1 25
$954.9M
$1.1B
Q4 24
$1.1B
Q3 24
$1.2B
$1.2B
Q2 24
$1.3B
$1.0B
Q1 24
$943.1M
$971.2M
Net Profit
EXPI
EXPI
JEF
JEF
Q4 25
$-12.9M
$211.3M
Q3 25
$3.5M
$242.5M
Q2 25
$-2.3M
$91.4M
Q1 25
$-11.0M
$136.8M
Q4 24
$-9.5M
Q3 24
$-8.5M
$181.0M
Q2 24
$12.4M
$154.7M
Q1 24
$-15.6M
$156.4M
Gross Margin
EXPI
EXPI
JEF
JEF
Q4 25
95.7%
Q3 25
97.7%
Q2 25
96.5%
Q1 25
96.4%
Q4 24
Q3 24
99.9%
96.9%
Q2 24
99.9%
96.4%
Q1 24
96.4%
Operating Margin
EXPI
EXPI
JEF
JEF
Q4 25
-1.1%
15.2%
Q3 25
0.3%
22.1%
Q2 25
-0.2%
11.0%
Q1 25
-1.1%
13.2%
Q4 24
-1.0%
Q3 24
-0.7%
20.7%
Q2 24
1.4%
22.0%
Q1 24
-1.9%
22.7%
Net Margin
EXPI
EXPI
JEF
JEF
Q4 25
-1.1%
12.6%
Q3 25
0.3%
16.1%
Q2 25
-0.2%
7.4%
Q1 25
-1.2%
12.0%
Q4 24
-0.9%
Q3 24
-0.7%
14.8%
Q2 24
1.0%
14.9%
Q1 24
-1.7%
16.1%
EPS (diluted)
EXPI
EXPI
JEF
JEF
Q4 25
$-0.08
$0.85
Q3 25
$0.02
$1.01
Q2 25
$-0.01
$0.40
Q1 25
$-0.07
$0.57
Q4 24
$-0.06
Q3 24
$-0.06
$0.75
Q2 24
$0.08
$0.64
Q1 24
$-0.10
$0.66

Balance Sheet & Financial Strength

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

Metric
EXPI
EXPI
JEF
JEF
Cash + ST InvestmentsLiquidity on hand
$124.2M
$14.0B
Total DebtLower is stronger
$15.9B
Stockholders' EquityBook value
$242.8M
$10.6B
Total Assets
$442.5M
$76.0B
Debt / EquityLower = less leverage
1.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPI
EXPI
JEF
JEF
Q4 25
$124.2M
$14.0B
Q3 25
$112.8M
$11.5B
Q2 25
$94.6M
$11.3B
Q1 25
$115.7M
$11.2B
Q4 24
$113.6M
Q3 24
$130.4M
$10.6B
Q2 24
$108.4M
$10.8B
Q1 24
$109.2M
$7.6B
Total Debt
EXPI
EXPI
JEF
JEF
Q4 25
$15.9B
Q3 25
$16.0B
Q2 25
$15.4B
Q1 25
$14.8B
Q4 24
Q3 24
$12.9B
Q2 24
$12.7B
Q1 24
$9.9B
Stockholders' Equity
EXPI
EXPI
JEF
JEF
Q4 25
$242.8M
$10.6B
Q3 25
$235.3M
$10.4B
Q2 25
$218.4M
$10.3B
Q1 25
$212.0M
$10.2B
Q4 24
$204.9M
Q3 24
$211.1M
$10.0B
Q2 24
$220.3M
$9.9B
Q1 24
$222.4M
$9.8B
Total Assets
EXPI
EXPI
JEF
JEF
Q4 25
$442.5M
$76.0B
Q3 25
$458.7M
$69.3B
Q2 25
$481.2M
$67.3B
Q1 25
$435.8M
$70.2B
Q4 24
$390.7M
Q3 24
$432.6M
$63.3B
Q2 24
$457.4M
$63.0B
Q1 24
$426.7M
$60.9B
Debt / Equity
EXPI
EXPI
JEF
JEF
Q4 25
1.50×
Q3 25
1.53×
Q2 25
1.49×
Q1 25
1.45×
Q4 24
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
EXPI
EXPI
JEF
JEF
Operating Cash FlowLast quarter
$13.8M
$2.0B
Free Cash FlowOCF − Capex
$11.9M
$1.9B
FCF MarginFCF / Revenue
1.0%
114.2%
Capex IntensityCapex / Revenue
0.2%
3.4%
Cash ConversionOCF / Net Profit
9.30×
TTM Free Cash FlowTrailing 4 quarters
$109.0M
$-1.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPI
EXPI
JEF
JEF
Q4 25
$13.8M
$2.0B
Q3 25
$28.9M
$184.2M
Q2 25
$36.1M
$-978.3M
Q1 25
$39.8M
$-2.7B
Q4 24
$13.7M
Q3 24
$46.0M
Q2 24
$71.1M
Q1 24
$60.7M
$-1.3B
Free Cash Flow
EXPI
EXPI
JEF
JEF
Q4 25
$11.9M
$1.9B
Q3 25
$26.6M
$126.0M
Q2 25
$33.3M
$-1.0B
Q1 25
$37.3M
$-2.7B
Q4 24
$11.6M
Q3 24
$44.4M
Q2 24
$69.7M
Q1 24
$59.3M
$-1.4B
FCF Margin
EXPI
EXPI
JEF
JEF
Q4 25
1.0%
114.2%
Q3 25
2.0%
8.4%
Q2 25
2.5%
-83.3%
Q1 25
3.9%
-237.2%
Q4 24
1.1%
Q3 24
3.6%
Q2 24
5.4%
Q1 24
6.3%
-139.4%
Capex Intensity
EXPI
EXPI
JEF
JEF
Q4 25
0.2%
3.4%
Q3 25
0.2%
3.9%
Q2 25
0.2%
3.6%
Q1 25
0.3%
4.3%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%
9.9%
Cash Conversion
EXPI
EXPI
JEF
JEF
Q4 25
9.30×
Q3 25
8.26×
0.76×
Q2 25
-10.70×
Q1 25
-19.48×
Q4 24
Q3 24
Q2 24
5.75×
Q1 24
-8.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXPI
EXPI

North American Realty$1.1B96%
International Realty$42.2M4%

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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